Someone with a lot of money to spend has taken a bearish stance on Walmart (NYSE:WMT).
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.
Bed Bath & Beyond (NASDAQ: BBBY) has a turnaround strategy in the works, but the home furnishings retailer is still expected to go bankrupt.
Other retailers are likely to benefit from this scenario, especially as the holiday gift-giving season approaches.
Upgrades
For Iris Energy Ltd (NASDAQ:IREN), Compass Point upgraded the previous rating of Neutral to Buy. The current stock performance of Iris Energy shows a 52-week-high of $17.97 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $4.26.
Paramount Global (NASDAQ:PARA) weighed aborting its Showtime streaming service and shifting its content into Paramount+, the Wall Street Journal reports.…
During its investor day on Tuesday, Starbucks Corp (NASDAQ: SBUX) provided a roadmap for where the company is going. Interestingly enough, one new initiative aims to meet you at home when you aren't going anywhere.