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MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 37% bullish and 62% bearish. Whales have been targeting a price range from $750.0 to $1300.0 for MercadoLibre over the last 3 months. The price of MELI is currently down -1.37% at $1131.05. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

PLTR

A significant investor has taken a bearish stance on Palantir Technologies (NYSE:PLTR), with 66% of detected trades showing bearish expectations. The whales have been targeting a price range from $12.0 to $25.0 for Palantir over the last 3 months. The current price of PLTR is down -1.52% at $16.48. Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

CAT

A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 100% bearish. The whales have been targeting a price range from $105.0 to $280.0 for Caterpillar over the last 3 months. Currently, the price of CAT is down -0.73% at $254.0. DA Davidson has downgraded its action to Neutral with a price target of $263.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

METX

Blockchain tech company, Meten Holding Group Ltd (NASDAQ:METX) has entered into an asset purchase agreement to acquire 200 units of Bitcoin mining machines. The company also agreed to issue ordinary shares valued at $880,000 to the sellers. The machines are expected to be operational by July 31, 2023. With this purchase, the company will have 1,954 units of Bitcoin mining machines with a computing power of more than 208PH/s.

Portfolio Pulse from Shivani Kumaresan

July 14, 2023 | 3:13 pm

SGMT

Sagimet Biosciences has priced its Initial Public Offering (IPO) at $16 per share, with 5.3125 million shares being offered. The IPO is currently indicating $16 on 239K shares.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:12 pm

MRNA

Moderna's stock is trading lower after HSBC initiated coverage on the stock with a Reduce rating and a price target of $97.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:10 pm

TU

TELUS Corporation has revised its 2023 financial outlook downwards, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:06 pm

GLW

Corning's stock has been downgraded from Buy to Neutral by UBS, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:04 pm

ABNB

A whale investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 57% of investors opening trades with bearish expectations. The whale has been targeting a price range from $95.0 to $155.0 for Airbnb over the last 3 months. Barclays, B of A Securities, and Needham have maintained their ratings on Airbnb with price targets of $136, $146, and $160 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:03 pm

ASML

A whale investor has taken a bullish stance on ASML Holding (NASDAQ:ASML), with 55% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $470.0 to $920.0 for ASML Holding over the last 3 months. The price of ASML is currently up 1.97% at $765.55, and the next earnings are expected to be released in 5 days.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:03 pm