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Stock Prices

SPY

The market on close imbalance is leaning towards the buy-side with $297M. This could potentially impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 7:53 pm

ABT

A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 54% of recent trades being bearish. The trades range from $90.0 to $130.0, with a total of 8 puts and 14 calls. The current price of ABT is up 4.41% at $112.01, and RSI indicators suggest the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 7:46 pm

TFC

A significant amount of unusual options activity has been detected for Truist Financial Corporation (NYSE:TFC), with a notably bearish stance. Of the 16 strange trades detected, 37% were bullish and 62% were bearish. The trades included 4 puts amounting to $230,653 and 12 calls amounting to $400,055. The price target range for Truist Financial over the last 3 months has been $25.0 to $45.0. The stock price is currently down by 6.91% at $33.13. Analysts from Morgan Stanley, Citigroup, Raymond James, and Jefferies have provided varied ratings and price targets.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 7:46 pm

MRK

A large bearish position has been taken on Merck & Co (NYSE:MRK), with 12 uncommon options trades spotted. The sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $45.0 to $130.0 for Merck & Co over the last 3 months. Truist Securities maintains a Buy rating on Merck & Co with a price target of $116, while HSBC and Morgan Stanley have downgraded their actions with price targets of $123 and $109 respectively.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 7:46 pm

ENPH

Shares of Enphase Energy Inc (NASDAQ:ENPH) are trading lower by 4.92% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. This could indicate potential constraints in the semiconductor industry, affecting Enphase Energy's ability to source necessary components for its products, leading to production delays or increased costs.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 7:45 pm

APLS

Shares of Apellis Pharmaceuticals are trading lower after several firms reduced their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 7:45 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) reported record first-day sales for Prime Day 2023 with $6.4 billion spent, a 6% increase YoY. Over 375 million items were purchased on Amazon in the first 24 hours. A survey found that 45% of all U.S. respondents shopped during Amazon’s 2023 Prime Day, with Gen Z and Millennials being the most active. Amazon shares trade at $131.86, up over 50% YTD in 2023.

Portfolio Pulse from Chris Katje

July 20, 2023 | 7:42 pm

SIRI

Sirius XM Holdings has seen a significant option alert for March 15 $9 calls. A total of 743 calls were made at the ask price of $0.65, with no open interest. The reference price was $7.2.

Portfolio Pulse from Charles Gross

July 20, 2023 | 7:40 pm

MS

Morgan Stanley (NYSE:MS) has outperformed the market over the past 10 years, producing an average annual return of 12.97%. If an investor had bought $1000 of MS stock 10 years ago, it would be worth $3,376.84 today.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 7:30 pm

AME

AMETEK's (NYSE:AME) short percent of float has decreased by 3.3% since its last report, with 1.80 million shares sold short, representing 0.88% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards AMETEK. Compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 11.03% for its peer group.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 7:30 pm