Streetbeat News

Assets

AMD

ARM

CLSK

CRM

DDOG

MRVL

NVDA

ORCL

SMCI

SNOW

Today's whale activity in the Information Technology sector highlighted significant options trading in stocks like AMD, NVDA, SMCI, SNOW, CLSK, ARM, DDOG, CRM, MRVL, and ORCL. The trades varied in sentiment, with a mix of bearish and bullish positions across different expiration dates and strike prices. Notably, large sums were involved in these transactions, indicating potential market movements based on these whale activities.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

PFE

On a live CNBC segment, Josh Brown revealed that he has increased his stake in Pfizer by 50%. This announcement could influence investor sentiment and potentially impact Pfizer's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:34 pm

WCC

WESCO Intl's (NYSE:WCC) short interest has decreased by 12.77% since the last report, with 1.41 million shares sold short, representing 3.21% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook, as the decrease in short interest suggests fewer traders are betting against the stock. The current short interest is below the peer group average of 4.54%, suggesting WESCO Intl is performing better in this aspect compared to its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:30 pm

SIDU

Sidus Space Inc. (NASDAQ:SIDU) shares dropped over 15% following the announcement of a successful payload deployment to low Earth orbit with SpaceX's Transporter-10 Rideshare mission and the pricing of an underwritten public offering of 1.32 million shares at $6.00 each for gross proceeds of approximately $7.9 million. The funds are intended for working capital and general corporate purposes, with the offering expected to close on March 5, 2024. The launch of LizzieSat marks a significant milestone for Sidus Space in space technology and data services.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 5:29 pm

WIF

'Shiba Inu Killer' Dogwifhat (WIF) saw a price rebound after Binance announced its listing for spot trading, leading to bullish predictions. The listing includes trading pairs WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. This follows a recent listing on Robinhood Crypto EU. WIF's trading volume exceeded $700 million in the last 24 hours, with the meme coin market cap up 33.5%, reaching over $64 billion. Analytics firm Santiment and Bloomberg host Tim Stenovec highlighted the resurgence of meme coins, with WIF reaching $1.96 before settling at $1.34.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 5:02 pm

AMH

American Homes 4 Rent (NYSE:AMH) has seen a 20.22% increase in its short percent of float since the last report, with 9.50 million shares sold short, representing 3.21% of all shares available for trading. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. The company's short interest is higher than its peer group average of 2.12%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:00 pm

DIS

Walt Disney's (NYSE:DIS) short interest has decreased by 4.95%, with 17.68 million shares sold short, representing 0.96% of its float. This decrease in short interest could indicate a more bullish sentiment towards DIS among traders. Compared to its peers, DIS has a significantly lower short interest percentage of float, with an average of 8.02% among its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:00 pm

MLI

Mueller Industries (NYSE:MLI) has seen a 12.41% decrease in short interest, now at 5.82 million shares or 7.27% of float, taking 7.78 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards MLI compared to its peers, where the average short interest as a percentage of float is 2.81%. The article suggests monitoring short interest as it reflects market sentiment and can influence stock performance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:00 pm

MSTR

TSLA

Tesla Inc (NASDAQ:TSLA) owns an estimated 9,720 Bitcoin, valued at $662.1 million based on current prices. The company, which began purchasing Bitcoin in January 2021, has sold a significant portion of its holdings but still retains a substantial amount. Tesla's Bitcoin investment, initially an experiment, could see further sales as Bitcoin hits new all-time highs. Tesla also holds Dogecoin (CRYPTO: DOGE) and previously accepted Bitcoin as payment for vehicles.

Portfolio Pulse from Chris Katje

March 05, 2024 | 4:47 pm

SPR

Spirit AeroSystems Holdings (NYSE:SPR) has seen a 13.5% increase in short interest since its last report, with 12.31 million shares sold short, representing 10.68% of its float. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. Spirit AeroSystems has a higher short interest compared to its peers, with an average of 3.00% in its peer group.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:45 pm