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MASI

Politan Capital Management, a 9% shareholder of Masimo, commented on the company's recent announcement to expand its Board and add Politan nominee Michelle Brennan, contingent on the reelection of all incumbent Masimo directors at the upcoming Annual Meeting of Stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:54 pm

CLS

Celestica announced that its controlling shareholder, Onex Corporation, plans to sell 12,000,000 subordinate voting shares, which will be issued upon conversion of Celestica's multiple voting shares into SVS. Celestica is not selling any shares and will not receive any proceeds from the offering.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:48 pm

NOW

Unusual options activity has been observed for ServiceNow (NYSE:NOW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 21 uncommon options trades, with 76% being bearish and 23% bullish. Whales have been targeting a price range of $460 to $600 for ServiceNow over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 8:47 pm

KLAC

A whale has taken a bearish stance on KLA (NASDAQ:KLAC) with 63% of detected unusual options trades being bearish. 11 puts amounting to $486,652 and 8 calls amounting to $272,690 were spotted. The price target range for KLA over the last 3 months is $200 to $560. Wells Fargo maintains an Overweight rating with a $500 price target, while UBS maintains a Neutral rating with a $475 price target.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 8:46 pm

EXC

Exelon Corporation (EXC) has set a target of 6-8% operating EPS CAGR from 2022 to 2026, with expectations to be at the midpoint or better.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:46 pm

CRH

MLM

VMC

Dublin-based construction supply company CRH plc is undervalued compared to its rivals Martin Marietta Materials (NYSE:MLM) and Vulcan Materials (NYSE:VMC), according to Street Sheet. CRH is expected to benefit from $2 trillion in spending from recent US government initiatives, and its primary stock market listing is moving to the US.

Portfolio Pulse from Anthony Noto

June 05, 2023 | 8:41 pm

ETRN

President Joe Biden signed a bill extending the government's debt ceiling by two years, which is expected to ensure the completion of Equitrans Midstream Corp's (NYSE:ETRN) Mountain Valley Pipeline (MVP) project. Morgan Stanley analyst Robert Kad upgraded ETRN from Underweight to Overweight and raised the price target from $7 to $14.

Portfolio Pulse from Priya Nigam

June 05, 2023 | 8:37 pm

FDX

Unusual options activity has been observed for FedEx (NYSE:FDX), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is 70% bullish and 30% bearish. Whales have been targeting a price range of $190 to $225 for FedEx over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 8:32 pm

ISRG

A whale has taken a bullish stance on Intuitive Surgical (NASDAQ: ISRG), with 58% of investors opening trades with bullish expectations and 41% with bearish. Whales have been targeting a price range of $240 to $343.33 for ISRG over the last 3 months. Analysts from Bernstein, Morgan Stanley, Truist Securities, and BTIG maintain positive ratings on the stock.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 8:32 pm

GS

A whale investor has taken a bearish stance on Goldman Sachs Gr (NYSE:GS), with 75% of detected trades being bearish and 25% bullish. The total amount for puts is $1,074,270, while calls amount to $822,217. Whales have been targeting a price range of $270 to $350 for Goldman Sachs Gr over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 8:31 pm