Streetbeat News

Order Imbalances

VMC

Vulcan Materials (NYSE:VMC) has seen a 29.35% increase in its short percent of float, now at 2.38% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. The company's short interest is higher than the average of its peers.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 1:15 pm

GME

GameStop shares surged after Keith Gill, known as Roaring Kitty, updated his position on Reddit, showing he now holds over 9 million shares. The stock had previously fallen due to speculation that Gill was selling call options. GameStop's annual shareholder meeting was rescheduled due to high traffic causing a server crash.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 8:46 pm

WRK

WestRock (NYSE:WRK) has seen a 36.59% increase in its short percent of float, now at 6.16% of all regular shares available for trading. This is higher than the peer group average of 3.28%. It would take traders 8.27 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:45 pm

ETSY

Etsy's short interest has fallen by 4.47%, with 14.45 million shares sold short, representing 14.1% of its float. This is higher than the peer group average of 10.37%. It would take traders 5.03 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:30 pm

MELI

MercadoLibre's (NYSE:MELI) short interest has increased by 4.31%, with 545 thousand shares sold short, representing 1.21% of its float. This is lower than the peer group average of 11.01%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:30 pm

KLAC

Deep-pocketed investors have shown a bullish stance towards KLA (NASDAQ:KLAC) with significant options activity detected. The options scanner highlighted 8 unusual trades, with a majority being calls. The price range focus is between $470.0 and $860.0. KLA's current trading volume is 257,165, with a slight price increase to $828.0. Analysts have mixed ratings with target prices ranging from $765 to $875.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 7:31 pm

CSCO

Recent options trading activity for Cisco Systems (NASDAQ:CSCO) shows a predominantly bearish sentiment among large investors, with 75% of trades being puts. This suggests potential downward pressure on the stock price. The trading volume and open interest indicate a focus on a price range between $42.5 and $55.0.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 5:16 pm

UPS

High-rolling investors have shown a bearish sentiment towards United Parcel Service (NYSE:UPS) through significant options activity. Benzinga's options scanner identified 9 trades, with a mix of bullish and bearish sentiments. The stock is currently down 1.31% at $134.64, and analysts have an average target price of $156.0.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 5:01 pm

GFI

Deep-pocketed investors have shown unusual options activity in Gold Fields (NYSE:GFI), with a bearish sentiment prevailing. The options activity includes significant trades with a focus on a price range of $12.0 to $15.0. The stock is currently down 11.74% at $13.98, and analysts have set a target price of $18.0.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 4:46 pm

STX

Seagate Tech Hldgs (NYSE:STX) has seen a 4.43% increase in its short percent of float, now at 6.6% of all regular shares available for trading. This is higher than the peer group average of 5.98%. It would take traders 4.76 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 4:30 pm