Streetbeat News

Order Imbalances

ADSK

Unusual options activity has been detected for Autodesk (NASDAQ:ADSK), with a significant bearish sentiment among high-rolling investors. This could indicate privileged information influencing these trades. The options activity shows a focus on a price range of $250 to $270, with a majority of trades being bearish. Autodesk's stock is currently trading at $254.62, down by 0.92%, and is approaching overbought territory according to RSI readings. Analysts have mixed ratings, with an average target price of $310.5.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 8:16 pm

SNAP

Significant bearish options activity has been observed in Snap (NYSE:SNAP), with 44% of investors showing a bearish sentiment. This unusual activity suggests potential volatility in Snap's stock price, currently at $9.15, with a price target range of $5.0 to $15.0. Analysts have mixed ratings, with price targets ranging from $12 to $16.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 6:15 pm

MSTR

MicroStrategy (NASDAQ:MSTR) is experiencing significant bearish sentiment from large investors, as revealed by Benzinga's options scanner. The options activity is unusually high, with 51% of trades being bearish. The stock is currently down 5.49% at $132.33, with analysts providing mixed ratings and price targets.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 5:46 pm

T

The article discusses a surge in options activity for AT&T, with a predominantly bearish sentiment among large investors. 75% of the trades are bearish, with significant put and call options activity. AT&T's stock is currently trading at $19.77, with a slight increase, but analysts have a neutral outlook with a target price of $18.0.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 5:15 pm

BRK

NVDA

SMCI

SOXX

US stocks and chipmakers fell on Wednesday as traders were cautious ahead of Nvidia's earnings report. The iShares Semiconductor ETF dropped 2%, and Super Micro Computer plunged 26% due to filing delays and a short-seller report. Berkshire Hathaway reached a $1 trillion valuation.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 4:53 pm

SNOW

Deep-pocketed investors have shown a bearish sentiment towards Snowflake (NYSE:SNOW) through significant options trading activity. The options activity includes 16 puts and 14 calls, with a total trade value of $734,930 and $606,623 respectively. Analysts have mixed ratings on SNOW, with price targets ranging from $130 to $175. The stock is currently down 3.42% at $111.59, and the next earnings report is due in 91 days.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 4:16 pm

AMAT

Recent options activity for Applied Materials (NASDAQ:AMAT) shows a bearish trend among large investors, with 50% of trades being bearish. The stock is currently trading at $192.76, down 1.54%. Analysts have mixed ratings, with price targets ranging from $224 to $260.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 4:00 pm

COST

Costco Wholesale Corp. (NASDAQ:COST) experienced a significant Power Inflow, indicating a shift from net selling to net buying, suggesting a short-term uptrend. The stock rose over 2.2% after the signal, highlighting increased investor confidence.

Portfolio Pulse from Finit

August 28, 2024 | 3:39 pm

FCX

Freeport-McMoRan has seen unusual options activity with a bullish sentiment from large investors. 66% of the trades were bullish, focusing on a price range of $39 to $60. The stock is currently trading at $43.99, down 2.73%, with a neutral RSI. Analysts have a target price of $52.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 2:16 pm

DIA

NVDA

QQQ

SPY

The Dow Jones Industrial Average (DJIA) reached an all-time high due to a rotation into cyclical and interest rate-sensitive stocks, while AI and semiconductor stocks, including Nvidia, faced selling pressure ahead of Nvidia's earnings report. The options market anticipates a 9% move post-earnings, with the momo crowd expecting a significant upside. Money flows are negative in major tech stocks and ETFs like SPY and QQQ.

Portfolio Pulse from The Arora Report

August 27, 2024 | 4:45 pm