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JNJ

A significant amount of unusual options activity has been detected for Johnson & Johnson (NYSE:JNJ), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 63% were bearish and 36% were bullish. The total amount for puts was $334,900 and for calls was $273,427. Whales have been targeting a price range from $150.0 to $175.0 for Johnson & Johnson over the last 3 months. Morgan Stanley maintained their Equal-Weight rating on Johnson & Johnson with a price target of $187, while Cantor Fitzgerald downgraded its action to Overweight with a price target of $215.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:45 pm

AMRN

Trading of shares in Amarin Corporation has resumed.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:45 pm

FYBR

IXP

IYZ

RSPC

T

TDS

VOX

VZ

XTL

The US telecommunications industry is under pressure following a Wall Street Journal investigation revealing that telecom companies, including AT&T, Verizon, Telephone and Data Systems, and Frontier Communications Parent, neglected over 2,000 decaying lead-containing cables. The news led to a significant drop in the stocks of these companies. The companies defended their practices and are taking steps to address the issue. Five ETFs with high exposure to these telecom stocks are also affected.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 8:36 pm

SPY

USO

The American Petroleum Institute (API) reported a weekly crude oil stock decrease of 0.797 million barrels, which is less than the estimated decrease of 2.25 million barrels. The prior week's decrease was 3.026 million barrels.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:36 pm

SEV

Sono Group has received a notice of delisting from Nasdaq. The company has requested a hearing before the Nasdaq Hearings Panel to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:33 pm

UPTD

TradeUP Acquisition Corp. (NASDAQ:UPTD) has extended the deadline for its initial business combination from July 19, 2023 to August 19, 2023. The company has deposited $37,432.70 into its trust account, representing $0.05 per share that is not redeemed by the company's stockholders. The payment was made by Estrella Biopharma, Inc., pursuant to the Merger Agreement entered on September 30, 2022.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:31 pm

NUE

A significant bearish stance has been taken on Nucor (NYSE:NUE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. Whales have been targeting a price range from $150.0 to $210.0 for Nucor over the last 3 months. The price of NUE is up 2.3% at $171.28. Exane BNP Paribas upgraded its action to Outperform with a price target of $191, Morgan Stanley downgraded its action to Equal-Weight with a price target of $148, and Credit Suisse maintained their Outperform rating on Nucor with a price target of $167.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:31 pm

PLTR

A significant amount of unusual options activity has been observed for Palantir Technologies (NYSE:PLTR), indicating a bullish stance by a large investor or institution. The activity includes 71 uncommon options trades, with a split sentiment of 50% bullish and 49% bearish. The targeted price range for Palantir over the last 3 months is from $7.0 to $26.0. The price of PLTR is currently up 3.88% at $18.07. Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:30 pm

AMRN

Trading of Amarin Corporation's shares will resume at 4:45 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:29 pm

HPK

HighPeak Energy Inc (NASDAQ:HPK) announced a public offering of its common stock, intending to use the net proceeds for working capital and to enhance its near-term liquidity position. The pricing and size of the offering have not been announced. Following the announcement, HighPeak shares were down 12.2% after hours at $11.30.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 8:27 pm