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HIVE

MARA

MSTR

RIOT

Crypto-related stocks are trading higher following the news that Cboe has refiled Bitcoin ETF proposals. Stocks mentioned include HIVE, MARA, MSTR, and RIOT.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:04 pm

XOM

A significant investor has taken a bullish stance on Exxon Mobil (NYSE:XOM), with 58% of recent trades being bullish and 41% bearish. The total amount for puts was $184,896 and for calls was $771,488. The targeted price range for Exxon Mobil over the last 3 months has been $90.0 to $125.0. The current price of XOM is up 0.98% at $108.3. Piper Sandler maintains an Overweight rating on Exxon Mobil with a price target of $127.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:03 pm

F

A significant amount of unusual options activity has been detected for Ford Motor (NYSE:F), with a bearish stance being taken by a majority of investors. Of the 13 strange trades detected, 38% were bullish and 61% were bearish. The total amount for puts was $444,733 and for calls was $313,700. Whales have been targeting a price range from $10.0 to $21.35 for Ford Motor over the last 3 months. The price of Ford Motor is currently up 0.76% at $15.24.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:03 pm

T

A significant amount of unusual options activity has been observed for AT&T (NYSE:T), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $749,943, while puts amount to $135,300. The price target range for AT&T over the last 3 months has been between $5.0 and $21.0. MoffettNathanson upgraded AT&T to Market Perform with a price target of $17, while HSBC maintained their Buy rating with a price target of $19.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:03 pm

RYAAY

Ryanair Holdings (NASDAQ:RYAAY) has outperformed the market over the past 20 years, producing an average annual return of 8.82%. If an investor had bought $1000 of RYAAY stock 20 years ago, it would be worth $5,434.62 today. The company currently has a market capitalization of $25.34 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:00 pm

WEST

Analysts have provided bullish ratings for Westrock Coffee (NASDAQ:WEST) in the last quarter. According to 4 analysts offering 12-month price targets in the last 3 months, Westrock Coffee has an average price target of $14.25, an increase of 1.79% from the previous average price target of $14.00.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:00 pm

VSEC

VSE Corp (VSEC) has completed the acquisition of Desser Holding Company LLC for $124 million and sold Desser Aerospace's Proprietary Solutions businesses to Loar Group Inc for $30 million. The net cash consideration for the deal was $94 million. The acquisition is expected to increase VSE's exposure to the high-growth, higher-margin aviation distribution and MRO markets. VSEC shares are currently trading lower by 1.83% at $53.69.

Portfolio Pulse from Lekha Gupta

July 03, 2023 | 3:57 pm

PNC

The PNC Financial Services Group, Inc. (NYSE:PNC) has announced a 3% increase in its quarterly cash dividend on common stock, from $1.50 to $1.55 per share. The dividend will be payable on August 5, 2023, to shareholders of record as of July 17, 2023. The company also declared dividends on several series of preferred stocks. The increase reflects the company's strong capital and liquidity levels, and the board's confidence in its strategy and outlook.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:53 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced it has completed all conversions pursuant to the $100 million convertible debentures and provided an update to its balance sheet actions. The company has equitized $263 million of the 4.25% Unsecured Notes due in July 2023, paid down $188 million of the senior secured term loan, refinanced $100 million of the 4.25% Unsecured Notes due in July 2023, and generated $81 million in cash proceeds from the disposition of five facilities. The company's shares are trading over 40% at 54 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 3:51 pm

VBIV

VBI Vaccines shares are experiencing a sell-off following a rally on Friday.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:47 pm