Streetbeat News

Assets

O-I Glass (NYSE:OI) has seen a 14.26% decrease in short interest, now at 4.84 million shares or 5.47% of float, taking 1.63 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards OI compared to its peers, where the average short interest is 2.58% of float.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

CVNA

Carvana's (NYSE:CVNA) short interest has decreased by 3.24% since the last report, with 33.33 million shares sold short, representing 41.86% of its float. This indicates a potential shift in market sentiment towards the stock. The average time to cover these short positions is approximately 5 days. Compared to its peers, Carvana has a significantly higher short interest, suggesting more bearish sentiment among investors towards Carvana than its industry counterparts.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

EXR

Extra Space Storage (NYSE:EXR) has seen a 14.52% increase in its short percent of float since the last report, with 4.78 million shares sold short, representing 2.76% of available shares. This indicates a bearish sentiment among traders, although it doesn't necessarily predict a price drop. Compared to its peers, EXR has a lower short interest percentage of 2.76% versus the peer group average of 3.80%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

APO

Apollo Global Management (NYSE:APO) has seen unusual options activity, with a 50/50 split between bullish and bearish sentiments among deep-pocketed investors. The activity focuses on a price target range of $110.0 to $125.0. Current stock price is up 2.11% at $115.02, with analysts setting an average price target of $126.5. JP Morgan upgraded APO to Overweight with a $122 target, while Keefe, Bruyette & Woods maintains an Outperform rating with a $131 target.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:16 pm

SPGI

S&P Global (NYSE:SPGI) has seen a notable options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 9 unusual trades, with 44% bullish and 55% bearish. The trades include 4 puts valued at $132,610 and 5 calls valued at $212,880, targeting a price range of $230.0 to $430.0. The current trading volume is 637,456, with SPGI's price up by 1.0% at $430.27. The RSI indicates a neutral position, and earnings are expected in 35 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:16 pm

AAPL

GLD

Micron Technology Inc. (MU) reported strong earnings with high bandwidth memory for AI applications sold out for 2024, projecting significant revenue. Apple Inc. (AAPL) faces potential legal challenges from the U.S. government over antitrust laws. Gold prices have surpassed $2200 for the first time, reflecting investor concerns over inflation and the Fed's dovish stance. Positive early trade money flows were observed in Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ), while AAPL experienced negative flows. The Swiss National Bank and the Bank of England made notable interest rate decisions.

Portfolio Pulse from The Arora Report

March 21, 2024 | 6:02 pm

YUM

Yum Brands's (NYSE:YUM) short interest has decreased by 12.39% since the last report, with 5.37 million shares sold short, representing 1.91% of its float. This decrease in short interest could indicate a more bullish sentiment towards YUM. Compared to its peers, YUM has a significantly lower short interest percentage of float, with an average of 9.86% among its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:45 pm

TTEK

Tetra Tech's (NYSE:TTEK) short interest has decreased by 9.05% since the last report, with 848 thousand shares sold short, representing 2.01% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 3.08%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:45 pm

AFRM

BAC

COIN

LNC

PGR

PYPL

SCHW

Today's whale activity in the Financials sector highlighted significant options trading across various stocks, indicating potential trading opportunities. Notable activities include bullish calls on C, GS, AFRM, SCHW, and PGR, neutral to bearish calls on PYPL, SQ, and LNC, and bullish puts on COIN and BAC. These movements suggest varying investor sentiments and potential shifts in stock prices based on options trading volumes and sentiments.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:35 pm

AMZN

DKNG

DKS

EXPE

NKE

PDD

PTON

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call sweeps on TSLA and PDD, bullish calls on DKS, PTON, AMZN, and DKNG, a bearish put on F, and a neutral put on EXPE. The activity suggests varied investor sentiment across these stocks, with significant trades made on options expiring from 1 to 666 days out.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:35 pm