Streetbeat News

Assets

BABA

BILI

Alibaba has sold its American Depositary Receipts (ADRs) in the streaming site Bilibili for a total of $357.8 million, according to a Bloomberg report. This move could indicate a strategic shift or a decision to liquidate part of its investment portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:49 pm

BABA

BILI

Bilibili shares are trading lower following reports that Alibaba has sold Bilibili ADRs, raising $357.8 million.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:49 pm

LOW

Deep-pocketed investors have shown a bearish sentiment towards Lowe's Companies (NYSE:LOW), with a significant move in options activity detected by Benzinga. The activity includes 14 extraordinary options trades, with a mix of bullish and bearish sentiments, but leaning more towards bearish with 57%. The trades target a price range of $210.0 to $280.0 for LOW over the next 3 months. Currently, LOW's stock is up by 0.81%, trading at $254.0, with potential overbought signals and an anticipated earnings release in 61 days. Analyst ratings are mixed, with a consensus target price of $252.4.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:46 pm

OI

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

MU

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