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VRT

Whales have shown a bullish stance on Vertiv Holdings (NYSE: VRT) with significant options activity. 47% of trades were bullish, and 41% were bearish. The price range targeted by these trades is between $75.0 and $125.0. The stock is currently trading at $90.88, up by 1.49%. Analysts have an average target price of $105.0.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:46 pm

BIDU

Investors have taken a bullish stance on Baidu (NASDAQ:BIDU) with significant options activity detected. Benzinga's options scanner spotted 13 uncommon options trades, with a sentiment split of 53% bullish and 30% bearish. The price range eyed by big players is between $80.0 and $165.0. Baidu's stock is currently down 1.24% at $90.28, with RSI indicators suggesting it may be oversold. An analyst from Susquehanna maintains a Positive rating with a price target of $135.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:45 pm

AMZN

CVS

VCR

WBA

XLY

Amazon has expanded its Prime RxPass subscription service to over 50 million Medicare beneficiaries, promising significant savings and convenience. This move could lead to a nearly $2 billion reduction in Medicare spending if all eligible beneficiaries switch to RxPass. The service aims to improve medication adherence and health outcomes, while competing with established players like CVS Health and Walgreens Boots Alliance.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:44 pm

DIS

DKNG

Dave Portnoy won nearly $1.5 million by betting on the Boston Celtics to win the NBA Championship through DraftKings. Meanwhile, rapper Drake lost $500,000 on a bet placed on the Dallas Mavericks. The Walt Disney Company benefited from high viewership of the NBA Finals and the ongoing NHL Playoffs.

Portfolio Pulse from Chris Katje

June 18, 2024 | 2:44 pm

SPY

Federal Reserve's Barkin highlighted the volatility in household surveys compared to payroll surveys, suggesting that the latter may provide a more stable measure of employment trends.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:43 pm

AMAT

Applied Materials shares are trading higher due to strength in chip stocks and a price target increase by Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:43 pm

FUN

SIX

Cedar Fair and Six Flags shares are trading higher following the announcement of their merger, expected to close on July 1. Six Flags also declared a special dividend of $1.53 per share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:42 pm

CHGG

FUN

HPE

ITCI

PDCO

QNST

RKLB

SILK

U.S. stocks saw slight gains on Tuesday, with the Dow Jones index up 0.1%. Notable stock movements included Patterson Companies, Silk Road Medical, La-Z-Boy, Karooooo, Chegg, Companhia Siderúrgica Nacional, Intra-Cellular Therapies, Chewy, Rocket Lab USA, QuinStreet, Toast, Ballard Power Systems, Cedar Fair, Dell Technologies, e.l.f. Beauty, Micron Technology, Hewlett Packard Enterprise, and Six Flags Entertainment.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 2:38 pm

ITCI

Intra-Cellular Therapies Inc (NASDAQ:ITCI) announced successful topline results from Study 502, evaluating lumateperone 42 mg as an adjunctive therapy for major depressive disorder (MDD). The study met its primary and key secondary endpoints, showing significant improvements in depression severity and illness severity compared to placebo. The company plans to submit a supplemental FDA application in the second half of 2024. ITCI shares rose 10.5% following the announcement.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:37 pm

SPY

Federal Reserve's Barkin stated that he believes the current monetary policy is at a restrictive level, but it is still uncertain how restrictive it actually is.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:34 pm