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C

A large bearish position on Citigroup (NYSE:C) has been spotted, with 40 uncommon options trades identified. The overall sentiment of these big-money traders is 37% bullish and 62% bearish. Whales have been targeting a price range of $40 to $75 for Citigroup over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:16 pm

CIEN

Ciena Corporation (CIEN) reported better-than-expected Q2 financial results, with adjusted earnings per share of 74 cents and sales of $1.13 billion. Total Networking Platforms revenue increased by 24.6% YoY, while Total Global Services decreased by 0.7% YoY. Despite the positive results, CIEN shares are down 11.7%.

Portfolio Pulse from Ryan Gustafson

June 06, 2023 | 6:16 pm

GOOG

GOOGL

Google announced Google Glass in 2012, but the product failed to resonate with consumers due to privacy concerns. Despite this, an initial $1,000 investment in Google at the time would have grown to $8,467.14 today, a 746.71% gain, outperforming the S&P 500's 169% gain in the same period.

Portfolio Pulse from AJ Fabino

June 06, 2023 | 6:16 pm

TSLA

Tesla shares are trading higher by 0.90% after announcing a 2.4% MoM growth in May China sales and a 141.6% YoY increase compared to May 2022. Citigroup reaffirmed a Neutral rating for the stock and increased its price target from $175 to $215.

Portfolio Pulse from Henry Khederian

June 06, 2023 | 6:11 pm

BA

Boeing shares are trading higher despite the company announcing a slowdown in 787 Dreamliner deliveries due to a newly discovered production flaw.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:08 pm

DLO

DLocal's August 18 $11 call options experienced a sweep of 859 contracts at $1.2, compared to an open interest of 16 contracts. The reference price was $9.7058.

Portfolio Pulse from Charles Gross

June 06, 2023 | 6:08 pm

BA

SPR

Boeing has discovered a new production flaw in its 787 Dreamliner, affecting 90 planes in inventory and requiring two weeks to fix each. Despite this, the company still aims to meet its delivery goal of 70-80 Dreamliners this year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:04 pm

RE

Over the past 3 months, 4 analysts have published their opinion on Everest Re Group (NYSE:RE) stock, with an average 12-month price target of $449.25. The current average has increased by 2.1% from the previous average price target of $440.00.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:02 pm

OSCR

Over the past 3 months, 4 analysts have published their opinion on Oscar Health (NYSE:OSCR) stock, with an average 12-month price target of $7.04. The current average has increased by 31.59% from the previous average price target of $5.35.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:02 pm

ABNB

In the last quarter, Airbnb (NASDAQ:ABNB) received 18 analyst ratings with an average price target of $133.56, representing an upside from the current price of $117.91. The current average is a 5.86% decrease from the previous average price target of $141.88.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:01 pm