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ARM

ARM Holdings (NASDAQ:ARM) has seen unusual options activity, with a significant bearish stance taken by investors. 80% of the trades were bearish, with 4 puts totaling $315,438 and 6 calls totaling $397,618. Whales have been targeting a price range from $48.5 to $65.0 for ARM Holdings over the last 3 months. Several financial institutions have downgraded their action to Buy with price targets ranging from $60 to $85. The stock is currently neutral with a volume of 1,381,490 and a price of $49.5.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:46 pm

OXY

A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, with 75% of big-money traders being bearish. The price range targeted by these investors for Occidental Petroleum over the last 3 months is $57.5 to $72.5. The current price of OXY is down -1.08% at $61.56. Susquehanna, Stephens & Co., and UBS have maintained their ratings on Occidental Petroleum with price targets of $78, $74, and $74 respectively.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:45 pm

DQ

Daqo New Energy Corp (DQ) reported Q3 FY23 results with revenue of $484.8 million, missing the consensus of $672.30 million. Gross profit declined to $67.8 million from $978.6 million a year ago, with margins contracting to 14.0%. Total production volume stood at 57,664 MT, up 27% Q/Q. The company's production cost declined 5.8% Q/Q to $6.52/kg. Adjusted EBITDA stood at $70.2 million, significantly lower than $720.0 million the prior year. Adjusted EPS per ADS of $0.59 missed the consensus of $0.94. DQ shares are up 10.6% at $25.81.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 3:45 pm

GE

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 66% were bearish and 33% bullish. The total amount for puts was $434,061 and for calls was $175,010. Whales have been targeting a price range from $40.0 to $115.0 for GE over the last 3 months. Barclays and RBC Capital have maintained their Overweight and Outperform ratings on GE, respectively, with price targets of $133 and $131.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:45 pm

RVPH

Reviva Pharmaceuticals Holdings Inc (NASDAQ:RVPH) announced positive results from its Phase 3 RECOVER trial evaluating brilaroxazine, a drug for adults with schizophrenia. The trial met its primary endpoint, showing a significant reduction in symptom severity. The company expects to report further data from the ongoing trial in Q4 2024 and initiate a new trial in Q1 2024. The data will potentially support a planned NDA submission to the FDA in 2025. RVPH shares are up 5.33% following the announcement.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 3:45 pm

TSLA

Tesla's stock is trading lower after its Chinese competitor, BYD, reported strong earnings.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:31 pm

TSLA

Tesla's stock is trading lower after its Chinese competitor, BYD, reported strong earnings.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:30 pm

PXMD

PaxMedica, Inc. (NASDAQ:PXMD) has announced a 1-for-17 reverse stock split of its common stock, effective from October 30, 2023. The common stock will begin trading on a split-adjusted basis from October 31, 2023, under the existing trading symbol 'PXMD'. Each 17 pre-split shares were combined and converted into one share, with no fractional shares issued. Stockholders will receive information about their share ownership from the company's transfer agent, Computershare Trust Corporation, N.A.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:30 pm

IT

Over the past 10 years, Gartner (NYSE:IT) has outperformed the market by 9.85% on an annualized basis, producing an average annual return of 18.75%. If an investor had bought $100 of IT stock 10 years ago, it would be worth $553.66 today. Gartner currently has a market capitalization of $25.68 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:30 pm

O

SRC

Realty Income Corporation (NYSE:O) has agreed to acquire Spirit Realty Capital Inc. (NYSE:SRC) in an all-stock transaction valued at approximately $9.3 billion. The merger will result in an enterprise value of approximately $63 billion for the combined company. Realty Income's shares are down 6.32% at $45.91 at the time of publication.

Portfolio Pulse from Erica Kollmann

October 30, 2023 | 3:30 pm