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ISRG

A significant amount of unusual options activity has been detected for Intuitive Surgical (NASDAQ:ISRG), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were opened with bullish expectations and 54% with bearish. The total amount for the 5 puts was $553,806 and for the 6 calls was $538,323. Whales have been targeting a price range from $250.0 to $410.0 for Intuitive Surgical over the last 3 months. RBC Capital and Citigroup have maintained their Outperform and Buy ratings on Intuitive Surgical respectively.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:46 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The price of PANW is up 2.35% at $246.94. Several financial institutions including JP Morgan, Northland Capital Markets, JMP Securities, RBC Capital, and Morgan Stanley have maintained their positive ratings on Palo Alto Networks, with price targets ranging from $277 to $305.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:46 pm

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GM

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla Inc (TSLA) with a price target of $300. Ives believes Tesla is gaining market share in China and expects its aggressive pricing cuts to deliver long-term gains. He also notes Tesla's strong EV game and the recognition of its partnerships with Ford Motor Co (F) and General Motors Co (GM).

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 3:43 pm

FRSX

Foresight Autonomous Holdings has signed an exclusive commercialization agreement with Elbit Systems Land, securing revenue of up to $4 million over a 5-year contractual period. This has led to an increase in Foresight's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:41 pm

WBD

Warner Bros Discovery Inc (NASDAQ:WBD) shares are trading lower amid the SAG-AFTRA union strike. The strike could increase production costs and disrupt the production of films, TV shows, and other content owned by WBD, potentially impacting its profitability, cash flow, and ability to generate revenue. The company's stock price may decline as investors perceive this as a negative sign.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 3:35 pm

NOVN

Novan has announced that it is selling substantially all of its assets and has filed for Chapter 11 bankruptcy protection. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:34 pm

YELP

Goldman Sachs has upgraded Yelp Inc's (NYSE:YELP) stock from Neutral to Buy, raising the price target from $38 to $47. This follows a proprietary study of the advertising industry suggesting that Yelp could generate mid to high single-digit revenue growth from 2024 to 2027. Yelp's revenues could also be boosted by recent investments in its ad tech stack and the scaling of newer initiatives. Yelp shares were up 10.54% to $42.15 at the time of publishing.

Portfolio Pulse from Priya Nigam

July 17, 2023 | 3:33 pm

ON

A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $75.0 to $120.0 for ON Semiconductor over the last 3 months. Benchmark has downgraded its action to Buy with a price target of $110, while Keybanc maintains their Overweight rating with a price target of $110.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

TTD

A significant investor has taken a bullish stance on Trade Desk (NASDAQ:TTD), with 60% of recent trades being bullish and 40% bearish. The trades include 6 puts totaling $444,083 and 4 calls totaling $167,610. The targeted price range for Trade Desk over the last 3 months is $80.0 to $130.0. The current price of TTD is up 1.88% at $89.66. Needham has downgraded its action to Buy with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 66% of recent trades being bearish. The targeted price range for GM over the last 3 months is $20.0 to $41.0. The current price of GM is down -3.22% at $38.71. Analysts from Citigroup, Jefferies, Morgan Stanley, Wells Fargo, and Barclays have maintained their ratings on GM, with price targets ranging from $32 to $89.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm