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WMT

Recent options trading trends for Walmart (NYSE:WMT) show a predominantly bearish sentiment among large investors, with 66% of trades being bearish. The trades include 5 puts totaling $298,733 and 4 calls totaling $262,487. Analysts maintain a positive outlook with an average price target of $76.2.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 4:17 pm

BABA

JD

LLY

NVO

Novo Nordisk (NYSE:NVO) plans to limit initial sales of its obesity treatment Wegovy in China due to high demand and the need to balance global supply. The Chinese market for GLP-1 drugs like Wegovy could reach $5.5 billion by 2030. Novo Nordisk faces competition from Eli Lilly (NYSE:LLY) and local manufacturers seeking to produce generic versions. Wegovy is unlikely to be covered by China's national health insurance, targeting those who can pay out-of-pocket. Currently, Ozempic is available on platforms like JD.com (NASDAQ:JD) and Alibaba's (NYSE:BABA) Tmall.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 4:13 pm

CALC

CalciMedica shares are trading lower after initially gaining on the announcement of topline data from its Phase 2b CARPO trial of Auxora in acute pancreatitis.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:11 pm

QQQS

VNDA

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) shares are trading lower after Future Pak withdrew its proposal to purchase the company. Vanda had previously rejected multiple acquisition offers, stating they undervalued the company. VNDA stock has lost over 9% in the past year. Investors can gain exposure to VNDA via Invesco NASDAQ Future Gen 200 ETF (NASDAQ:QQQS).

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 4:11 pm

CLSK

GRDI

GRIID Infrastructure shares are trading lower following Cleanspark's announcement to acquire the company in an all-stock transaction.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:09 pm

GOVX

GeoVax Labs shares are trading higher due to continued momentum. The company recently received a BARDA Project NextGen award to conduct a Phase 2b clinical study for its COVID-19 vaccine candidate, GEO-CM04S1.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

AMZN

Josh Brown announced on CNBC that he has doubled his position in Amazon.com (AMZN).

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

LI

NIO

XPEV

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower amid ongoing European Union tariff talks.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

EFOI

Energy Focus, Inc. entered into a $0.85 million securities purchase agreement with Sander Electronics, issuing 534,592 shares of common stock at $1.59 per share in a private placement.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:05 pm

IBM

Recent options trading activity on IBM (NYSE:IBM) shows a bearish sentiment among large investors, with 50% of trades being bearish and only 25% bullish. Significant trades include both puts and calls, with a total of $849,575 in puts and $460,250 in calls. The trading volume and open interest suggest a focus on a price range between $100 and $200. IBM's stock is currently trading at $172.18, with an upcoming earnings announcement in 20 days.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 4:03 pm