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V

A significant bearish stance has been taken on Visa (NYSE:V) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $130.0 to $260.0 for Visa over the last 3 months. Visa's stock price is currently down by 1.44% at $229.99. Wedbush, Mizuho, and Baird have downgraded their actions on Visa with price targets of $270, $255, and $284 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:31 pm

BA

A large investor has taken a bearish stance on Boeing (NYSE:BA), as indicated by a significant position in options. The sentiment among these big-money traders is split, with 31% bullish and 68% bearish. The whales have been targeting a price range from $150.0 to $280.0 for Boeing over the last 3 months. Currently, the price of BA is down -1.43% at $195.94. Citigroup, Susquehanna, and TD Cowen have maintained their ratings on Boeing with price targets of $285, $270, and $260 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:31 pm

FEMY

IMVT

NEWP

RNAZ

SLNO

UNFI

US stocks traded lower with the Dow Jones falling more than 400 points and NASDAQ falling 1.48%. United Natural Foods Inc reported mixed results for its fourth quarter, missing sales growth consensus but beating EPS consensus. The company's shares fell by 25%. Soleno Therapeutics, Femasys Inc, and Immunovant saw significant increases in their share prices due to positive news. TransCode Therapeutics and New Pacific Metals Corp saw their shares drop.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 6:26 pm

LUV

Southwest Airlines' shares are trading lower after Bernstein maintained a Market Perform rating on the stock but lowered its price target from $32 to $28.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:23 pm

QABSY

Qantas Airways Ltd.'s Chairman Richard Goyder is facing calls for his resignation from the Australian and International Pilots Association (AIPA) due to low morale. The company was recently in the headlines after former CEO Alan Joyce saw a significant increase in his pay. Goyder, who has served as the airline's chairman since 2018, will not stand for re-election at the upcoming annual meeting. The company plans to allocate additional funds for addressing customer issues but warns of possible fare increases due to escalating fuel costs.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 6:23 pm

SNAP

HSBC has initiated coverage on Snap with a Reduce rating and a price target of $7.50. This has led to a decrease in Snap's share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:16 pm

CDW

CDW's short percent of float has fallen 5.19% since its last report, with 1.51 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 3.49 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

BKR

Baker Hughes's (NYSE:BKR) short percent of float has risen 4.93% since its last report, with 15.66 million shares sold short, which is 2.34% of all regular shares available for trading. It would take traders 3.04 days to cover their short positions on average. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with the average being 5.35%.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

SBUX

Starbucks's (NYSE:SBUX) short percent of float has risen 6.31% since its last report, with 13.30 million shares sold short, which is 1.18% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Starbucks's short interest as a percentage of float is less than its peer group average of 8.67%.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

UGRO

Urban-Gro, Inc. (NASDAQ:UGRO) has secured a contract worth over $11 million in the hospitality and recreation sector in the Southeastern U.S. The contract includes a range of services such as architecture, design, engineering, and construction management. The project is expected to be predominantly realized over the next six quarters. UGRO shares traded 6.54% up at $1.385 per share at the time of writing on Tuesday afternoon.

Portfolio Pulse from Joana Scopel

September 26, 2023 | 6:11 pm