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CHWY

Market whales have shown a significant interest in Chewy (NYSE:CHWY) options, with a bearish stance overall. Benzinga's options scanner revealed 10 unusual trades, indicating a split sentiment of 40% bullish and 60% bearish. The trades include 7 puts and 3 calls, targeting a price range of $7.0 to $30.0 for Chewy. Notable options activity and Chewy's market performance, including a recent 4.76% price increase to $16.18, were highlighted. Analysts from Piper Sandler and Citigroup maintain a Neutral rating on Chewy, with a target price of $16. Chewy, a leading e-commerce pet care retailer, reported $11.2 billion in 2023 sales.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:32 pm

KLAC

Deep-pocketed investors have shown a bearish sentiment towards KLA (NASDAQ:KLAC), as revealed by Benzinga's tracking of public options records. The analysis of options trading trends indicates a divided sentiment among investors, with 37% bullish and 50% bearish. Notable options activities include 3 puts and 5 calls, with a price window expectation from $480.0 to $740.0 for KLA. The company, a major player in semiconductor wafer fabrication equipment, is currently trading at $712.54, down by -0.64%, and its RSI readings suggest it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:32 pm

PTON

Peloton's stock is experiencing an uptick, potentially continuing its rise from Tuesday's report indicating interest from private equity firms in a buyout.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:30 pm

AAL

IYT

JETS

LUV

UAL

The U.S. Transportation Department's Office of Inspector General announced an audit of the FAA's oversight of United Airlines Holdings Inc. (UAL) maintenance operations, following several incidents. This audit is part of a series evaluating the FAA's maintenance oversight at major airlines, including Southwest Airlines Co. (LUV) and American Airlines Group Inc. (AAL). The FAA has restricted United from adding new aircraft or initiating service to new cities during the review. United Airlines' stock is accessible through U.S. Global Jets ETF (JETS) and iShares U.S. Transportation ETF (IYT).

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 6:29 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) shares have surged over 35% in the past five days, following a CNBC report that multiple private equity firms are considering a buyout of the company. Despite reporting worse-than-expected third-quarter results, a CEO transition, and plans to cut 15% of its global workforce last week, the stock has seen heavy trading volume. Analysts have mixed views on PTON, with an average 12-month price target of $4.21, suggesting potential downside from its current price of $4.32.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 6:26 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, rebounding after a post-earnings drop. The company reported a Q1 loss of 31 cents per share, beating estimates, with sales of $128 million, up 24.36% year-over-year. However, its Q2 revenue forecast of $125 million is below expectations. Analysts from Mizuho and Wedbush have updated their price targets and ratings, reflecting concerns over the company's performance and outlook.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 6:26 pm

BMBL

Bumble Inc. (NASDAQ:BMBL) shares surged over 12% after reporting Q1 2024 earnings that exceeded expectations. EPS was 19 cents, beating estimates by 171.43%, and sales reached $267.77 million, surpassing forecasts. The company saw a 10.2% revenue increase, with Bumble App revenue up by 11.1%. Bumble anticipates Q2 revenue between $269 million and $275 million, with full-year 2024 targets of 8% to 11% revenue growth. Analysts from Evercore ISI Group, Goldman Sachs, and Deutsche Bank provided mixed price target adjustments.

Portfolio Pulse from Vaishali Prayag

May 09, 2024 | 6:26 pm

GTHX

G1 Therapeutics, Inc. (NASDAQ:GTHX) shares surged amid M&A speculation of a takeover offer, reportedly rejecting multiple bids from TerSera Therapeutics. Trading volume spiked significantly, with over 25.4 million shares traded, far exceeding the 100-day average. Analysts from Needham and HC Wainwright & Co. maintain Buy ratings with price targets of $12 and $9, respectively. The average 1-year price target for GTHX is $10.17, indicating a potential upside of 75.65%.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 6:24 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is internally debating adding new Call of Duty titles to Xbox Game Pass following its acquisition of Activision Blizzard. Concerns include potential revenue loss for the franchise and a price hike for the Game Pass Ultimate tier. Microsoft faces challenges with declining Game Pass subscriptions, slow console sales, and game release delays. Despite these issues, the Call of Duty franchise remains highly profitable, with significant sales on both Xbox and PlayStation platforms. Microsoft also recently closed four Bethesda Studios, indicating possible future cutbacks in its gaming division.

Portfolio Pulse from Franca Quarneti

May 09, 2024 | 6:22 pm

NU

Investors have shown a mixed sentiment towards Nu Holdings (NYSE:NU), with options trading indicating a bearish stance overall. Benzinga's options scanner revealed 9 significant trades, with a split sentiment of 33% bullish and 55% bearish. The trades suggest a price band focus between $9.0 and $20.0 for NU. The company, specializing in digital banking services, has seen its stock price decrease by 0.42% to $11.95, with an RSI indicating a potential overbought situation. Analysts, including one from Keybanc, maintain an Overweight rating with a target price of $13.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:16 pm