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Assets

ADC

Agree Realty (NYSE:ADC) has seen a 9.26% increase in its short percent of float since the last report, with 4.32 million shares sold short, representing 6.37% of available shares. It would take about 5.41 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards ADC, although it's higher than its peer group average of 5.14% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:15 pm

ACN

Accenture's (NYSE:ACN) short percent of float has decreased by 6.67% since the last report, with 7.07 million shares sold short, representing 1.12% of available shares. This decrease in short interest could indicate a more bullish sentiment towards ACN among traders. Compared to its peers, ACN has a lower short interest percentage, suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:15 pm

NOW

ServiceNow (NYSE:NOW) has seen significant options trading activity, with a mix of bullish and bearish sentiments among traders. Analysis of 48 unusual trades revealed an almost equal split between bullish and bearish positions, with a notable volume in calls over puts. The trading activity suggests a wide predicted price range for ServiceNow, from $410 to $1080. The largest trades observed include both bearish and bullish positions, with varying strike prices and expiration dates. ServiceNow, a company providing software solutions for business process automation, is currently trading at $740.89, with neutral RSI readings and an anticipated earnings release.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:46 pm

CSCO

Whales have shown a bearish stance on Cisco Systems (CSCO), with 85% of recent options trades being bearish. Significant activity in options trading for CSCO has been observed, with a focus on strike prices ranging from $42.5 to $52.5. The market's current status shows CSCO's price at $48.13, down by -0.39%, with an RSI indicating a neutral position. The volume of trades and open interest in options provides insights into market expectations and liquidity for CSCO.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:45 pm

MDB

Deep-pocketed investors have shown a significant interest in MongoDB (NASDAQ:MDB), with a split sentiment of 50% bullish and 33% bearish among them. Benzinga's tracking of public options records revealed 18 extraordinary options activities, indicating a potential price window of $320.0 to $440.0 for MDB. The largest trades include both bullish and bearish positions, with notable options activity in puts and calls. MongoDB, with a vast user base, has seen its stock price slightly down by -0.9% at $363.01, with analysts giving mixed reviews and setting an average price target of $455.0.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:31 pm

AAL

Recent options trading activity for American Airlines Gr (NASDAQ:AAL) shows a bearish sentiment among investors, with 54% of trades being bearish and 46% bullish. The trades range between $12.0 and $25.0 strike prices, indicating expectations of price movements within this range. The largest trades include both puts and calls, with varying sentiments. American Airlines, a major airline with the youngest fleet among U.S. legacy carriers, is currently experiencing a slight decrease in stock price, down by -1.9% to $13.96, and its earnings release is anticipated in 1 day.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:31 pm

TLT

Treasury yields have reached a 5-month high, impacting the U.S. mortgage market by driving mortgage rates higher. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a nearly 10% decline year-to-date due to rising yields. The increase in yields is attributed to concerns over the growing federal deficit, with experts warning about the potential negative effects on the economy and investor sentiment. Technical analysis suggests a continued uptrend in yields, with potential resistance levels ahead.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 4:22 pm

ARES

Ares Management (NYSE:ARES) has seen an increase in short interest, now at 2.77 million shares or 1.84% of float, taking 3.12 days on average to cover. This rise in short interest, compared to the peer group average of 2.73%, suggests a more bearish sentiment towards ARES, although it's below the peer average. Short interest is a key indicator of market sentiment, and an increase can sometimes be bullish, depending on investor strategies.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:15 pm

VICI

VICI Props (NYSE:VICI) has seen a decrease in short interest, with the short percent of float falling 5.08% to 2.24% of all shares available for trading. The current short interest stands at 20.02 million shares, requiring approximately 3.85 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards VICI Props compared to its peers, where the average short interest as a percentage of float is 5.23%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:15 pm

SHOP

Deep-pocketed investors have shown a bearish sentiment towards Shopify (NYSE:SHOP), as revealed by Benzinga's tracking of public options records. The analysis of options activities indicates a divided mood among investors, with a significant lean towards bearishness. The observed options activities suggest expectations of Shopify's stock price moving within a $69.0 to $80.0 range. Despite the bearish sentiment, Shopify's e-commerce platform continues to cater to small and medium-sized businesses, with its stock currently down by -2.36% and trading at $72.26.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:45 pm