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MULN

Mullen Automotive (NASDAQ:MULN) shares are trading down after announcing the integration of PERSONA, an AI camera/sensor and video monitoring system, across its EV lineup. The technology received positive feedback and has various commercial applications.

Portfolio Pulse from Ryan Gustafson

June 20, 2023 | 7:52 pm

ENPH

Enphase Energy (NASDAQ:ENPH) shares are down today despite the company announcing a significant rise in deployments of residential solar energy systems in Brasilia, powered by its IQ7AM Microinverters. The increase is attributed to Enphase's reliable technology, customer support, and installer services.

Portfolio Pulse from Ryan Gustafson

June 20, 2023 | 7:50 pm

MBLY

Mobileye Global shares are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 7:47 pm

BUD

A large bearish position on Anheuser-Busch InBev (NYSE:BUD) has been spotted, with 13 puts totaling $435,127 and 1 call totaling $27,000. The overall sentiment of these big-money traders is 35% bullish and 64% bearish. Evercore ISI Group maintains an Outperform rating with a price target of $70.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 7:47 pm

SQ

A whale has taken a bullish stance on Block (NYSE:SQ), with 55% of detected unusual options trades being bullish and 45% bearish. The total trade amounts are $922,106 for puts and $537,539 for calls, targeting a price range of $50 to $95 for Block over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 7:46 pm

PARAA

Tyler Perry is reportedly refusing to pay the $3 billion asking price for Paramount's Black Entertainment Television (BET) Group, putting the sale in doubt. Perry, who already owns a 25% stake in BET and BET+, has private equity backing for his offer. Paramount Global, which bought BET for $2.7 billion in 2000, is seeking a sale price of roughly 10 times BET Group's current $325 million Ebitda.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:44 pm

TAK

TEVA

Bloomberg reports a low supply of Vyvanse, an alternative to Adderall, as ADHD drug shortages spread. Takeda Pharmaceutical (TAK) and Teva Pharmaceutical (TEVA) are mentioned in the article.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:38 pm

WMT

A large bearish position on Walmart (NYSE:WMT) has been spotted, with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range of $105 to $170 for Walmart over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 7:32 pm

HERTF

Heritage Cannabis Holdings Corp. has shipped its first order of 15,000 live resin concentrate vape cartridges to Australia and received a second purchase order for an additional 15,000 units. The Australian legal cannabis market is expected to grow at a CAGR of 29.6% from 2023 to 2030.

Portfolio Pulse from Joana Scopel

June 20, 2023 | 7:31 pm

C

A large bearish position on Citigroup (NYSE:C) has been spotted on Benzinga's options scanner, with 24 uncommon options trades identified. The sentiment of these big-money traders is 33% bullish and 66% bearish. Whales have been targeting a price range of $22.5 to $70.0 for Citigroup over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 7:31 pm