Streetbeat News

Order Imbalances

CVX

Deep-pocketed investors have shown unusual options activity in Chevron (NYSE:CVX), with a significant bearish sentiment. Benzinga's options scanner highlighted 13 extraordinary options activities, with 38% bearish and 30% bullish. The major market movers are focusing on a price band between $120.0 and $175.0 for Chevron.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 8:15 pm

UBER

Investors have taken a bearish stance on Uber Technologies (NYSE:UBER) as indicated by a surge in options activity. Benzinga's options scanner identified 26 uncommon options trades, with 53% being bearish. Significant investors are targeting a price range of $35.0 to $100.0 for Uber over the next three months. The stock is currently trading at $69.94, down by 1.3%. Analysts have mixed ratings with a consensus target price of $84.2.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:45 pm

CELH

Recent options trading trends in Celsius Holdings (NASDAQ:CELH) show significant activity, with 28 uncommon trades spotted by Benzinga's options scanner. The sentiment is mixed, with 50% bullish and 42% bearish. The trading volumes and open interest suggest a focus on a price band between $60.0 and $96.67. Analysts have given mixed ratings, with price targets ranging from $68 to $98.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:01 pm

BLDR

Builders FirstSource (NYSE:BLDR) has seen a 22.02% increase in its short percent of float, now at 4.1% of all regular shares available for trading. This is higher than the peer group average of 3.56%. The increase in short interest can signal bearish sentiment but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:45 pm

U

Unity Software's (NYSE:U) short interest has risen by 16.59%, with 36.37 million shares sold short, representing 9.7% of its float. This is higher than the peer group average of 7.87%. It would take traders 3.51 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:30 pm

PBF

PBF Energy's short interest has risen by 3.9%, with 12.8% of its float sold short. This is higher than its peers' average of 7.95%. It would take traders 6.5 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:00 pm

DKNG

DraftKings (NYSE:DKNG) has seen a 26.69% increase in its short percent of float, now at 4.51% with 21.32 million shares sold short. This indicates a rise in bearish sentiment, although it is still below the peer group average of 5.08%.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 5:45 pm

BR

Broadridge Financial Solutions (NYSE:BR) has seen a 19.42% increase in short interest, with 1.27 million shares sold short, representing 1.23% of its float. This is lower than the peer group average of 5.01%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 5:30 pm

AMD

Recent options trading activity on Advanced Micro Devices (NASDAQ:AMD) shows a mixed sentiment among large investors, with a slight bearish tilt. Benzinga's options scanner identified 37 unusual trades, with 48% bearish and 40% bullish sentiment. The trades include significant volumes of both puts and calls, indicating a focus on a price range between $125.0 and $380.0. AMD's stock is currently neutral according to RSI indicators, and analysts have mixed ratings with price targets ranging from $176 to $200.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 5:16 pm

PTC

PTC's short interest has risen by 31.58% since its last report, with 2.91 million shares sold short, representing 2.75% of its float. This increase in short interest could indicate bearish sentiment among investors. However, PTC's short interest is still below the peer group average of 3.82%.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 4:45 pm