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Stock Prices

CAT

Deep-pocketed investors have shown a bearish sentiment towards Caterpillar (NYSE:CAT), with options trading data from Benzinga indicating a significant move. The analysis of options activities reveals a split sentiment, with 60% bearish and 40% bullish positions. The focus is on a price band between $300.0 and $380.0 for Caterpillar, based on trading volumes and open interest. The company, a leading manufacturer of heavy equipment, shows a neutral RSI indicator and a slight price increase to $345.45.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 7:30 pm

AA

Financial analysis reveals a bearish sentiment among big money traders on Alcoa (NYSE:AA), with a significant portion of options trades indicating expectations of price movements between $22.5 and $45.0. Despite this, professional analysts have mixed ratings on AA, with target prices ranging from $31 to $48. The company's current market performance shows a slight decline, with an RSI indicating it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 7:30 pm

WYNN

Citigroup analyst George Choi has maintained a Buy rating on Wynn Resorts (NASDAQ:WYNN) and increased the price target from $132 to $138, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:29 pm

CPNG

Citigroup analyst John Yu has maintained a Buy rating on Coupang (NYSE:CPNG) and increased the price target from $26 to $28, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:25 pm

ZS

Zscaler shares are trading lower due to social media posts suggesting the company is aware of a threat actor's claim of obtaining unauthorized information.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:19 pm

FCX

Freeport-McMoRan's stock (FCX) is trading lower due to a decrease in copper prices.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:15 pm

GM

General Motors (GM) announced it will cease production of the Chevrolet Malibu, a model sold for over 60 years, to focus on electric vehicles (EVs). The company plans to invest $390 million in its Kansas assembly plant for the next-generation Chevrolet Bolt EVs, marking a shift from gasoline-powered cars to EVs and crossovers. The Malibu's discontinuation in November follows the end of the Chevrolet Camaro production last year. GM also plans to temporarily halt Cadillac XT4 production in January 2025, with layoffs expected until production of both the Bolt EV and XT4 resumes later that year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:08 pm

OXY

Occidental Petroleum plans to increase Permian production in the second half of the year while reducing the number of rigs. Operating costs in the Gulf of Mexico are expected to recover in Q3. The CEO reports high interest from potential buyers for its assets on sale.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:06 pm

RDDT

Reddit Inc (NYSE:RDDT) shares surged 14% after its first quarterly earnings post-IPO showed a loss per share better than expected and a 48% revenue increase year-over-year. Despite a net loss of $575.1 million mainly due to IPO-related expenses, the company's ad revenue growth and potential in AI licensing were highlighted as key growth drivers. The discussion on Reddit also touched on the platform's use of user data for AI training and the skepticism about its future profitability.

Portfolio Pulse from Surbhi Jain

May 08, 2024 | 7:05 pm

STXUSD

Cryptocurrency Stacks (STX) experienced a 4.63% decrease in price over the last 24 hours, marking a continuation of its downward trend with a total decrease of 2.0% over the past week. The trading volume for STX has decreased by 71.0%, while its circulating supply has increased by 0.38%. Currently, STX's market cap ranks it at #39 with a value of $3.10 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 7:02 pm