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UPS

A significant amount of unusual options activity has been detected for United Parcel Service (UPS), with a bearish stance being taken by a majority of investors. Of the 25 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $375,610 and for calls was $932,625. Whales have been targeting a price range from $100.0 to $210.0 for UPS over the last 3 months. Morgan Stanley has downgraded UPS to Underweight with a price target of $100.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:49 pm

NVO

A significant bearish stance has been taken on Novo Nordisk (NYSE:NVO) as indicated by unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $90.0 to $185.0 for Novo Nordisk over the last 3 months. The current price of NVO is up 1.69% at $154.82.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:49 pm

COP

A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) with unusual options activity spotted. The sentiment among these big-money traders is split between 72% bullish and 27% bearish. The whales have been targeting a price range from $70.0 to $120.0 for ConocoPhillips over the last 3 months. The current price of COP is up 1.77% at $109.34. Citigroup, Wolfe Research, Piper Sandler, and Mizuho have maintained their positive ratings on ConocoPhillips with price targets ranging from $120 to $140.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:49 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading lower by 1.6% due to a shift in investor risk perception following a lighter-than-expected June inflation report. Lower inflation may create doubts about the long-term stability and adoption of cryptocurrencies, further impacting the price of Shiba Inu.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 7:44 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) is trading lower by 1.5% due to a lighter-than-expected June inflation report. Cryptocurrencies, often seen as a hedge against inflation, can see reduced demand when inflation is lower than expected. The U.S. CPI inflation in June decelerated more than anticipated, leading to expectations of a single rate hike by the Federal Reserve.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 7:44 pm

LTCUSD

Litecoin (LTC) is trading lower by 2.52% to $94.60 as stocks rise following a lighter-than-expected June inflation report. Cryptocurrencies like Litecoin, often considered as potential hedges against inflation, may see reduced demand when inflation is lower than expected. The U.S. CPI inflation in June decelerated more than anticipated, reinforcing investor expectations of a single rate hike by the Federal Reserve.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 7:42 pm

ASML

FORM

MPWR

TSM

Shares of semi and chip stocks are trading higher amid overall market strength. The stocks mentioned include ASML, FORM, MPWR, and TSM.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:40 pm

CVS

GDRX

GoodRx Holdings, Inc. (GDRX) and CVS Caremark have announced the launch of Caremark Cost Saver, a program aimed at lowering pharmacy out-of-pocket drug costs for CVS Caremark client members. The program provides automatic access to GoodRx's prescription pricing. The news has led to a rise in GDRX shares by 22.4%. Keybanc analyst Scott Schoenhaus maintained GoodRx Holdings at Sector Weight.

Portfolio Pulse from Ryan Gustafson

July 12, 2023 | 7:34 pm

SCHW

Charles Schwab's (NYSE:SCHW) short percent of float has fallen 7.14% since its last report, with 25.82 million shares sold short, which is 1.56% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Charles Schwab has less short interest as a percentage of float, with an average of 3.76%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:31 pm

PNC

PNC Financial Services Group's (NYSE:PNC) short percent of float has decreased by 4.19% since its last report, with 7.30 million shares sold short, representing 1.83% of all regular shares available for trading. It would take traders 2.65 days on average to cover their short positions. The company's short interest is higher than its peer group average of 0.92%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:30 pm