Back in 2021, reports surfaced that famed investor Carl Icahn held a roughly $400-million stake — around 1.2% — in Illinois-based insurer Allstate Corp (NYSE:
Allstate Corp (NYSE: ALL) shares are trading lower by 12.13% to $118.76 Thursday afternoon after the company announced estimated results for third-quarter 2022 of a net loss between $675 million and $725 million.
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NextPlay Technologies, Inc. (NASDAQ: NXTP) shares jumped 126% to $0.4525 after the company announced its NextFintech division received commitment for a $15 million strategic investment.
Someone with a lot of money to spend has taken a bearish stance on Allstate (NYSE:ALL).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.