Streetbeat News

Order Imbalances

TMUS

Deep-pocketed investors have shown unusual bearish options activity towards T-Mobile US (NASDAQ:TMUS), indicating potential significant market movements. Benzinga's options scanner highlighted 12 extraordinary options activities, with a mix of puts and calls suggesting a price range of $160.0 to $190.0. Analysts have mixed ratings, with a recent downgrade from Benchmark.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

ANF

Deep-pocketed investors have shown unusual bearish options activity towards Abercrombie & Fitch (NYSE:ANF), with significant trades in both puts and calls. The options activity suggests a potential price range of $100 to $250. Analysts have mixed ratings, with a consensus target price of $178.4.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 5:45 pm

C

HOOD

KKR

LMND

PYPL

SOFI

SQ

TOST

USB

WFC

The article highlights significant options activity for several financial stocks, indicating potential trading opportunities. Notable mentions include bearish call options for HOOD, PYPL, C, and SQ, and bullish call options for KKR, SOFI, and TOST. Additionally, USB and WFC saw bullish put options, while LMND had a neutral call option.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 5:35 pm

WAL

Western Alliance (NYSE: WAL) has seen a 5.57% increase in its short percent of float, now at 5.31%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 3.50%. It would take traders 7.03 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:00 pm

SBUX

Deep-pocketed investors have shown unusual options activity in Starbucks (NASDAQ:SBUX), with a significant amount of both bullish and bearish trades. The activity suggests a potential price range of $80.0 to $87.5 over the next three months. The stock is currently priced at $81.4, with an analyst price target of $112.0.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 3:46 pm

CRM

Deep-pocketed investors have adopted a bearish approach towards Salesforce (NYSE:CRM), with significant options trading activity indicating potential price movements. The general sentiment is divided, with 41% bullish and 55% bearish. The trading activity suggests a price target range of $200 to $280 for Salesforce over the next three months.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 3:46 pm

PSX

Phillips 66 (NYSE:PSX) has seen a 6.88% increase in its short percent of float, now at 2.02% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Phillips 66 has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 3:30 pm

FCFS

FirstCash Holdings (NYSE: FCFS) has seen a 3.3% increase in its short percent of float, now at 1.88%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 7.26%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 3:30 pm

POWL

Powell Industries (NYSE:POWL) has seen a 29.11% increase in short interest, with 1.87 million shares sold short, representing 23.82% of its float. This is significantly higher than its peers' average short interest of 9.70%. It would take traders 5.1 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 3:30 pm

CMG

Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as observed through 15 uncommon options trades. The overall sentiment is split, with 26% bullish and 33% bearish. The major market movers are focusing on a price band between $2180.0 and $3400.0 for CMG. The current price of CMG is $3147.26, down 0.69%. Analysts have mixed ratings, with target prices ranging from $3000 to $3520.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:30 pm