Streetbeat News

Assets

Goodyear Tire & Rubber (GT) has seen a 22.41% increase in short interest since its last report, with 13.97 million shares sold short, representing 6.39% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 8.20%. The coverage time for these short positions is approximately 3.46 days.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:30 pm

CRBG

Corebridge Financial (NYSE:CRBG) has seen a decrease in short interest, with 4.91 million shares sold short, representing 3.84% of its float. This is a decline of 8.79% from its last report, taking an average of 1.81 days for traders to cover their short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. Corebridge's short interest is above its peer group average of 3.24%, indicating higher short interest compared to its peers.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:30 pm

PCTY

Paylocity Holding's (NYSE:PCTY) short interest has increased by 23.24% since the last report, with 2.21 million shares sold short, representing 5.78% of its float. It would take about 4.55 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards PCTY, although it's higher than its peer group average of 5.31% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:15 pm

ETHUSD

On Sunday, 4,728.74 Ether (ETH) worth approximately $13.9 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -3.53% yesterday.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:00 pm

ARQT

IOVA

LLY

MDT

MRNA

NVO

PFE

SRPT

VKTX

VTGN

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like NVO, IOVA, VKTX, LLY, SRPT, MRNA, VTGN, PFE, MDT, and ARQT. The trades varied in sentiment from bullish to bearish, with notable volumes and total trade prices. This activity could indicate upcoming movements in these stocks, providing potential trading opportunities.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:35 pm

ADBE

AMAT

AVGO

CRM

MSFT

NVDA

PATH

PLTR

SMCI

TSM

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. Notable activities include bearish, neutral, and bullish sentiments across various stocks with different expiration dates and strike prices. This could signal investor expectations and market movements.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:35 pm

ABNB

BABA

CVNA

DKNG

LAZR

PLNT

RIVN

SBUX

TSLA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, PLNT, JD, BABA, DKNG, LAZR, SBUX, CVNA, ABNB, and RIVN. The trades varied in sentiment from neutral to bullish and bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates, strike prices, and total trade prices, suggesting strategic positioning by large investors.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:35 pm

BHP

GLCNF

MTSUY

TECK

Peru has approved a $2 billion expansion of the Antamina copper and zinc mine, owned by Glencore PLC, BHP Group Ltd, Teck Resources, and Mitsubishi Corporation. The project aims to extend the mine's life from 2028 to 2036, increasing its area by 25% and deepening the open pit. This expansion is crucial for Peru to maintain its position as a leading copper producer and for the global supply amid the transition to a low-carbon economy.

Portfolio Pulse from Stjepan Kalinic

February 19, 2024 | 5:05 pm

Alcoa Corporation's (NYSE:AA) short interest has increased by 7.53% since the last report, with 11.74 million shares sold short, representing 7.57% of its float. This indicates a bearish market sentiment towards AA, although it doesn't necessarily predict a price drop. Alcoa's short interest is significantly higher than its peer group average of 3.20%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 4:45 pm

CPB

Campbell Soup (NYSE:CPB) has seen a 6.07% increase in its short percent of float since the last report, reaching 7.34% of all shares available for trading. With 14.02 million shares sold short, it would take about 5.63 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CPB, although it doesn't necessarily predict a near-term price drop. Compared to its peers, CPB has a higher short interest percentage, with the average being 4.17%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 4:45 pm