Benzinga (Page 19)

Ark Invest, led by Cathie Wood, made significant trades on Thursday, focusing on Robinhood Markets Inc (NASDAQ:HOOD) and Joby Aviation Inc (NYSE:JOBY). These trades come amidst recent developments and market movements for both companies.

The Robinhood Trade

Ark Invest making a substantial purchase of Robinhood shares across multiple ETFs.The ARK Innovation ETF (BATS:ARKK) acquired 158,259 shares, while ARK Blockchain & Fintech Innovation ETF (BATS:ARKF) and ARK Next Generation Internet ETF (BATS:ARKW) added 5,267 and 20,407 shares, respectively.

This purchase follows Robinhood’s recent launch of its Platinum credit card and custodial accounts, which has generated market interest. The …

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DocuSign Inc. (NASDAQ:DOCU) shares surged on Thursday, bucking a market-wide selloff. The S&P 500 dropped 1.29%, and the Nasdaq Composite fell 1.19%. Year-to-date, DOCU remains down 29.93%.

Anthropic Partnership Drives Attention

On February 24, Anthropic named DocuSign as a connector partner for its enterprise AI platform, Cowork. The integration lets businesses draft, route, and execute agreements via natural language prompts.

CEO Allan Thygesen said: “What DocuSign brings to agentic experiences like Cowork is deep context across all business agreements — the intelligent workflows that know how to act on that context and the trust, security, and scale enterprises …

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Deep-pocketed investors have adopted a bearish approach towards Pfizer (NYSE:PFE), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PFE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 9 extraordinary options activities for Pfizer. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 6 are puts, totaling $448,868, and 3 are calls, amounting to $1,526,446.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $28.0 for Pfizer over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels …

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Deep-pocketed investors have adopted a bearish approach towards Rocket Companies (NYSE:RKT), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RKT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 11 extraordinary options activities for Rocket Companies. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 6 are puts, totaling $356,209, and 5 are calls, amounting to $198,412.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.0 to $30.0 for Rocket Companies during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rocket …

Full story available on Benzinga.com

Looking into the current session, Wells Fargo Inc. (NYSE:WFC) shares are trading at $81.91, after a 2.41% drop. Over the past month, the stock decreased by 10.54%, but over the past year, it actually went up by 15.28%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company’s price-to-earnings ratio.

Evaluating Wells Fargo P/E in Comparison to Its Peers

The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could …

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Whales with a lot of money to spend have taken a noticeably bullish stance on Tower Semiconductor.

Looking at options history for Tower Semiconductor (NASDAQ:TSEM) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $96,940 and 5, calls, for a total amount of $314,963.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $155.0 for Tower Semiconductor over the recent three months.

Analyzing Volume & Open Interest

In today’s trading context, the average open interest for options of Tower Semiconductor stands at 558.88, with a total volume reaching 1,700.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Tower Semiconductor, situated within the strike price corridor …

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