Today is June options expiry — a triple-witching event putting extra pressure on key names. TSLA is under the microscope after Reuters reported the company gave European regulators misleading Full Self-Driving safety data. Put interest in near-dated contracts is elevated. NVDA carries the deepest options chain of any stock today, spanning 29 active expiry dates. Chip stocks rebounded sharply last week after an early stumble, keeping options traders active on both sides.
META is making noise today with reports its new AI-powered search product could generate $10 billion annually. That puts direct pressure on GOOGL, which already faces a broader AI-driven shift in how users find information. Both stocks are worth watching into the close.
Three notable downgrades landed this morning. FOXA was cut twice by analysts, with its average target dropping to $72.07. BX lost its last buy rating, with consensus moving fully to hold. GLW also shed its final buy. On the flip side, cruise lines caught tailwinds — RCL and NCLH both received target price increases.
Silver Lake Group filed disclosures showing it sold over $714 million in DELL shares between June 2 and June 10. The exit spanned 664 transactions. In contrast, SMMT CEO Bob Duggan bought nearly $50 million of his own stock on a single day at $13.12 per share — a significant personal bet on the biotech.
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