Streetbeat News

Stock Prices

WFC

Wells Fargo (NYSE:WFC) has seen significant options activity, with a bearish sentiment prevailing among traders. Analysis of 16 unusual trades revealed 31% bullish and 68% bearish tendencies. The largest trades were calls, with a notable volume and open interest in the $40.0 to $60.0 strike price range. The current market status shows WFC's price down by -1.24% at $57.13, with an upcoming earnings announcement in 21 days. This activity suggests traders are preparing for potential price movements within the predicted range.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

RDDT

Reddit, Inc. (NASDAQ:RDDT) celebrated its IPO with significant attention from the WallStreetBets forum, where users shared their profits and experiences. Reddit reserved 8% of its IPO shares for 'super users,' and the stock opened at $47, peaking above $57. Retail investors anticipate a potential drop in the stock's price post-IPO excitement. Reddit shares fell 8.8% to $46.00 following the IPO.

Portfolio Pulse from Erica Kollmann

March 22, 2024 | 8:40 pm

JOAN

Joann's common stock trading will be suspended at the opening of business on March 28, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:36 pm

AAPL

AMD

NVDA

RDDT

TSLA

The Federal Reserve's indication of potential rate cuts this year has propelled Wall Street to record highs, with significant gains for the S&P 500, Nasdaq 100, and Dow Jones. Nvidia (NVDA) continued its upward trajectory, marking 11 weeks of gains. ARK Investment predicts a massive valuation for disruptive technologies by 2030. Reddit's IPO saw a substantial increase, while Nvidia, AMD, and Apple faced various challenges and opportunities. Elon Musk's comments on ketamine use also drew attention.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:34 pm

TLF

Tandy Leather Factory (NASDAQ:TLF) reported a significant increase in Q4 EPS to $0.23 from $0.06 YoY, despite a 7.01% decrease in sales to $20.80M from $22.37M YoY.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:33 pm

RILY

B. Riley Financial, Inc. (RILY) received a delinquency notification from Nasdaq for not filing its Annual Report on time, violating Nasdaq Listing Rule 5250(c)(1). This has no immediate effect on its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:32 pm

MCD

Recent options activity for McDonald's (NYSE:MCD) shows a bullish trend among investors, with 62% of trades being bullish. The focus is on a price band between $235.0 and $290.0. The largest trades have been calls, particularly bullish towards the $277.50 strike price. McDonald's, a leading restaurant owner-operator, has seen its stock price slightly decrease to $282.63. Analysts have set an average price target of $325.0, with TD Cowen rating it as Outperform.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

TMUS

Deep-pocketed investors have shown a bearish sentiment towards T-Mobile US (NASDAQ:TMUS), as revealed by Benzinga's tracking of public options records. The options market activity indicates a divided sentiment with 42% bullish and 57% bearish, focusing on a price band between $140.0 and $175.0. The largest trades include both puts and calls with varying sentiments. T-Mobile US's current market position shows a slight price decrease with an upcoming earnings announcement. An analyst from RBC Capital has lowered its rating to Outperform with a price target of $184.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

COP

Financial giants have shown a bearish sentiment towards ConocoPhillips (NYSE:COP) through options trading, with 75% of trades being bearish. The trading activity suggests a target price range of $90.0 to $135.0 for COP. The company's current stock price is $123.03, with a recent analyst downgrade from Mizuho to Neutral and a price target adjustment to $139. Piper Sandler maintains an Overweight rating with a target price of $133. The next earnings report is expected in 41 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

WKHS

Workhorse Group received a 180-day extension from Nasdaq to regain compliance, according to an SEC filing on March 21.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:30 pm