Streetbeat News

Stock Prices

VZ

A significant amount of unusual options activity has been observed for Verizon Communications (NYSE:VZ), with a majority of investors taking a bearish stance. The trades include 11 puts amounting to $566,576 and 2 calls amounting to $63,750. Whales have been targeting a price range from $25.0 to $38.0 for Verizon over the last 3 months. The price of VZ is currently down by 2.85% at $33.04, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 2:47 pm

BA

A significant investor has taken a bullish stance on Boeing (NYSE:BA), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $200.0 to $220.0 for Boeing over the last 3 months. RBC Capital and Morgan Stanley have both downgraded their action on Boeing to 'Sector Perform' and 'Equal-Weight' respectively, with a price target of $220.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 2:47 pm

FSLR

First Solar has entered into a framework agreement with Energix Renewables, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:46 pm

CHWY

Shares of Chewy Inc (NYSE:CHWY) rose in premarket trading after Goldman Sachs analyst Eric Sheridan upgraded the company's rating from Neutral to Buy and raised the price target from $42 to $50. Sheridan predicts that Chewy could generate around 10% revenue growth and steady margin expansion from 2023 to 2027, driven by a return to stable customer growth post-pandemic and various strategic initiatives.

Portfolio Pulse from Priya Nigam

July 17, 2023 | 2:46 pm

FYBR

JFIN

KT

LIZI

VZ

The article lists five value stocks in the communication services sector, including Verizon Communications, Frontier Communications, KT, Jiayin Gr, and Lizhi. The companies' P/E ratios are provided, and recent changes in their earnings per share are discussed. Verizon and KT saw an increase in earnings per share, while Frontier Communications and Jiayin Gr saw a decrease. Lizhi's earnings per share also increased.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 2:45 pm

DVAX

HSTO

LFLY

VTRS

VYGR

Benzinga Insights has identified five value stocks in the healthcare sector that may be worth watching: Leafly Holdings, Voyager Therapeutics, Viatris, Dynavax Technologies, and Histogen. These companies have low price-to-earnings (P/E) multiples, indicating potential undervaluation. However, the risk with value stocks is that they may not rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 2:44 pm

APLS

Apellis Pharmaceuticals' shares are trading lower due to safety concerns regarding its product, Syfovre.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:41 pm

SEDG

Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on SolarEdge Technologies (NASDAQ:SEDG) and lowered the price target from $370 to $334.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:41 pm

ONON

TD Cowen has initiated coverage on On Holding with an Outperform rating and a price target of $38. This has led to a rise in On Holding's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:39 pm

FXI

SMH

SPY

The U.S.-based Semiconductor Industry Association (SIA) has urged the Biden administration to avoid imposing further restrictions on U.S. chip sales to China, according to a statement cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:39 pm