Streetbeat News

Stock Prices

UPS

United Parcel Service (NYSE:UPS) has seen a bearish sentiment in its options market, with 77% of trades being puts. The trading activity suggests a price target range of $138 to $165. UPS's current market status shows a slight increase in stock price to $143.31, with an earnings announcement expected soon. Analyst opinions vary, with an average price target of $150 and ratings ranging from Buy to Underweight.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:46 pm

Deep-pocketed investors have shown a bearish sentiment towards Visa (NYSE:V), with a significant move in options trading indicating potential big changes. Benzinga's tracking revealed 12 unusual options activities, with a bearish majority of 75%. The trading suggests a price target range of $240 to $290 for Visa in the next three months. Visa's current stock price is down -0.7% at $270.78, with analysts giving mixed ratings and price targets ranging from $265 to $335. The company remains a global leader in payment processing.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:46 pm

ABBV

CERE

Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE) announced positive results from its Phase 3 TEMPO-3 trial for tavapadon in Parkinson's disease, meeting its primary endpoint and showing significant improvement in 'on' time without troublesome dyskinesia. AbbVie Inc. (NYSE:ABBV) is set to acquire Cerevel for $8.7 billion, with the transaction expected to close in mid-2024. CERE shares rose 1.08% following the announcement.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:44 pm

AWCMF

PWER

XME

Alcoa Corporation (NYSE:AA) received price target increases from analysts at BMO Capital Markets and Jefferies following better-than-expected Q1 FY24 results, with an EPS loss of $(0.81) and revenue of $2.60 billion. The company expects increased alumina production and shipments for FY24. The acquisition of Alumina Limited (OTC:AWCMF) for $2.2 billion is seen as beneficial. Analysts project improved EPS for FY24 and FY25, citing positive aluminum price momentum and demand across markets. SPDR S&P Metals & Mining ETF (NYSE:XME) and Macquarie ETF Trust Macquarie Energy Transition ETF (NYSE:PWER) offer exposure to Alcoa stock.

Portfolio Pulse from Lekha Gupta

April 18, 2024 | 5:42 pm

OCUL

Ocular Therapeutix Inc (NASDAQ:OCUL) announced positive Phase 1 results for Axpaxli in treating non-proliferative diabetic retinopathy without DME, showing significant improvement in DRSS scores compared to the control group. The company plans to proceed to Phase 3 trials, pending FDA discussions. Additionally, earlier Phase 2 results for Paxtrava in treating glaucoma showed sustained IOP reductions. Despite these developments, OCUL shares dropped 15.40% to $6.42.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:37 pm

LULU

RIVN

TSLA

XPEV

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like TSLA, XPEV, F, LULU, RIVN, VFC, AMZN, TJX, WING, and AZO. The activity ranged from bullish to bearish sentiments, with trades involving both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:35 pm

AXP

COIN

IBKR

UBS

WAL

Today's session highlighted significant whale activity in the financial stocks options market, with notable movements in both bullish and bearish directions across various companies. Key players like GS, NU, IBKR, GL, COIN, C, AXP, UBS, SQ, and WAL saw varied options trading activities, indicating potential trading opportunities based on the sentiment and volume of these transactions.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:35 pm

AAPL

AKAM

BSY

CRM

MRVL

MSTR

NVDA

SMCI

SNOW

TSM

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, MRVL, AAPL, BSY, SMCI, TSM, CRM, AKAM, SNOW, and MSTR. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate upcoming market movements or investor expectations for these companies.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:35 pm

ABT

Significant bearish options activity has been detected in Abbott Laboratories (NYSE:ABT), with a notable volume of puts compared to calls among large-scale traders. The options data, showing a mix of bullish and bearish sentiment, suggests a focus on a price range between $75.0 and $125.0 for ABT. Analysts from Citigroup, RBC Capital, and Evercore ISI Group have maintained positive ratings on ABT, with price targets suggesting optimism about the stock's future performance. Despite the bearish options activity, the analysts' outlook and the company's diverse product portfolio may provide a counterbalance.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:32 pm

HUBS

Significant options trading activity has been observed in HubSpot (NYSE:HUBS), indicating a mixed sentiment among big-money investors, with a lean towards bullishness. The trading volume and open interest suggest a focus on a price range between $580 and $850. Recent analyst ratings on HUBS show a varied perspective, with price targets ranging from $520 to $750. The company's stock has recently seen a 2.57% increase, with an upcoming earnings announcement. Options trading, while riskier, offers high profit potential for educated investors.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:31 pm