Streetbeat News

Stock Prices

AMRK

AXP

BAC

COIN

FOUR

HOOD

SOFI

WFC

Today's session highlighted significant options activity in the Financials sector, with notable trades in stocks like NU, FOUR, WFC, AMRK, BAC, BX, COIN, HOOD, AXP, and SOFI. The activity ranged from bullish to bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

AAPL

AMD

APP

MRVL

MSTR

NVDA

SMCI

TSM

Today's whale activity in the Information Technology sector highlighted unusual options trading for several companies, including AMD, NVDA, TSM, MU, MRVL, APP, AAPL, SMCI, MSTR, and AI. The trades varied in sentiment, with some bullish and others bearish, and involved significant total trade prices. This activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

Financial analysts have observed a predominantly bearish sentiment towards Citigroup (NYSE:C) based on recent options trading activity. A detailed analysis revealed 84% of trades were bearish, with significant put volume indicating expectations for Citigroup's stock to fluctuate between $55.0 and $70.0 in the short term. Despite this, analysts from Wells Fargo, Goldman Sachs, Keefe, Bruyette & Woods, and HSBC have varying optimistic price targets for Citigroup, with the highest being $80. The company's next earnings report is due in 4 days, potentially influencing its stock price.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

ALB

Deep-pocketed investors have shown a bullish sentiment towards Albemarle (NYSE:ALB), with options trading data from Benzinga indicating a significant interest in the stock. The analysis of options activities reveals a majority bullish outlook with a price target window of $90.0 to $135.0. Currently, ALB's stock price has increased by 6.76%, trading at $131.8. Professional analysts have mixed views, with an average price target of $121.5. The company is a leading lithium producer, vital for electric vehicle batteries.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

JNJ

SWAV

Johnson & Johnson (NYSE:JNJ) has agreed to acquire Shockwave Medical Inc (NASDAQ:SWAV) for $335 per share, totaling an enterprise value of approximately $13.1 billion. This acquisition is part of Johnson & Johnson's strategy to enhance its MedTech division, focusing on cardiovascular intervention and moving into higher-growth markets. Goldman Sachs highlighted this move as strategic, aiming to revamp the MedTech division's growth. The acquisition is expected to contribute significantly to Johnson & Johnson's growth, with a projected MedTech business growth rate of 5.1% from 2024 to 2030.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 5:27 pm

BHP

RIO

VALE

Shares of iron ore-related companies, including BHP, RIO, and VALE, are trading higher due to strength in iron ore futures and anticipation of improved Chinese demand.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 5:27 pm

PANW

Palo Alto Networks (PANW) shares are experiencing increased trading volume as traders share positive commentary about the stock.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 5:24 pm

Recent analysis of Home Depot's (NYSE:HD) options trading reveals a bearish sentiment among financial giants, with 61% of trades showing bearish tendencies. The analysis highlighted 18 unusual trades, with a significant portion being puts. The expected price range for Home Depot over the next three months is between $300.0 and $375.0. The article also provides insights into Home Depot's current market status, including its trading volume, stock price movement, and RSI indicators.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:16 pm

VALE

Recent options trading activity for Vale (NYSE:VALE) shows a bearish sentiment among investors, with a higher percentage of bearish trades compared to bullish ones. The trading activity indicates a target price range of $1.0 to $14.0 for Vale over the last 3 months. Vale, a leading global miner, is focusing on its core operations in iron ore, nickel, and copper, planning to separate its base metals and iron ore businesses by 2024. The stock is currently up 2.2% at $12.06, with an analyst from Deutsche Bank maintaining a Hold rating and a price target of $16.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:16 pm

ALCC

FANG

AltC Acquisition Corp. (ALCC) shares rose after announcing a collaboration with Diamondback Energy Inc. (FANG) on a long-term power purchase agreement. The agreement involves Oklo licensing, building, and operating powerhouses for Diamondback in Texas. Additionally, Oklo and ALCC have entered a definitive business combination agreement, aiming for a NYSE listing under 'OKLO'.

Portfolio Pulse from Erica Kollmann

April 08, 2024 | 5:16 pm