Streetbeat News

Assets

AMD

AUR

BBAI

IBM

INTC

MRVL

MSFT

MSTR

NVDA

SMCI

Today's session highlighted significant options activity for several Information Technology stocks, indicating potential trading opportunities based on whale alerts. Notable activities include bullish calls on NVDA and IBM, bearish calls on SMCI, MSFT, AMD, INTC, BBAI, MRVL, and a neutral stance on MSTR. These movements suggest varying investor sentiments and could influence short-term stock performance.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:35 pm

Over the past 5 years, Goldman Sachs Gr (NYSE:GS) has outperformed the market with an annualized return of 15.2%, turning a $1000 investment into $2,054.99. The company's market capitalization stands at $125.74 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:31 pm

ETCUSD

Ethereum Classic (ETC) saw a 3.3% increase to $34.69, moving in sympathy with Bitcoin's rise to $66,000. The increase in Bitcoin's price is leading investors to diversify into altcoins like ETC, driving demand. Speculative trading on ETC's short-term price movements is also contributing to its volatility and trading volume. Bitcoin's surge is backed by a significant trading volume and market cap, indicating strong investor confidence and potential for further increases.

Portfolio Pulse from Henry Khederian

March 04, 2024 | 5:23 pm

MRNA

Financial analysis reveals a bearish trend in options trading for Moderna (NASDAQ:MRNA), with 62% of trades showing bearish tendencies. The analysis highlighted 8 unusual trades, with a focus on a price range of $40.0 to $120.0 for Moderna over the last 3 months. The largest options trades include both calls and puts with varying sentiments and strike prices. Moderna, a commercial-stage biotech, has seen its stock price slightly decrease by -0.42%, with a current price of $94.66. Analyst ratings in the last month have varied, with an average target price of $100.67.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:17 pm

AMAT

Applied Materials (NASDAQ:AMAT) has seen a significant increase in options activity, with a bearish sentiment from big-money investors. Benzinga's options scanner revealed 18 unusual trades, with a split sentiment of 33% bullish and 66% bearish. The focus is on a price range between $135.0 and $230.0. The largest trades include both bearish and bullish calls and puts, with notable volumes and open interests. AMAT, a leading semiconductor equipment manufacturer, has its stock price slightly up by 0.95% to $212.24, with potential overbought signals. Analysts have mixed ratings, with an average price target of $219.0.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:02 pm

NKTR

Nektar Therapeutics (NKTR) shares surged following the announcement of securing $30 million in private placement financing from TCGX. This financial injection is expected to provide the company with additional resources to advance its projects and potentially improve its financial health.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:49 pm

AAPL

GLD

NVDA

SMCI

USO

Super Micro Computer Inc (SMCI) has become a YOLO stock, with its price running up due to its addition to the S&P 500 and becoming a favorite among the momo crowd, despite its high volatility and lack of a competitive moat compared to companies like NVIDIA (NVDA). The article warns investors of the risks associated with YOLO stocks, which have historically seen significant losses after rapid gains. It also mentions the overall stock market sentiment, the performance of major tech stocks, and movements in gold, oil, and Bitcoin prices.

Portfolio Pulse from The Arora Report

March 04, 2024 | 4:45 pm

HOLO

MicroCloud Hologram (NYSE:HOLO) has seen a 40.5% increase in short interest, with 699 thousand shares sold short, representing 18.11% of its float. This is significantly higher than its peer group average of 1.79%. The rise in short interest suggests a bearish market sentiment towards HOLO, but it's important to note that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm

PPL

PPL Corporation's (NYSE:PPL) short interest has increased by 3.28%, with 16.25 million shares sold short, representing 2.52% of its float. It would take approximately 2.71 days to cover these short positions. This rise in short interest could indicate a bearish market sentiment towards PPL, although it's not a definitive predictor of stock price movement. PPL's short interest is higher than its peer group average, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm

ICU

SeaStar Medical Holding's (NYSE:ICU) short interest has increased by 65.93% since the last report, with 2.49 million shares sold short, representing 4.53% of its float. This rise in short interest, which now exceeds the peer group average of 3.94%, could indicate a bearish market sentiment towards ICU. However, an increase in short interest can sometimes be bullish, suggesting potential for profit if the stock price increases.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm