Streetbeat News

Order Imbalances

VICI

VICI Properties (NYSE:VICI) has seen a 13.12% increase in its short percent of float, now at 2.5% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, VICI's short interest is still below the peer group average of 5.22%.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:45 pm

CSGP

CoStar Group's (NYSE:CSGP) short interest has fallen by 5.49%, with 8.78 million shares sold short, representing 2.58% of its float. This is lower than the peer group average of 5.99%. It would take traders 6.03 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:45 pm

DVN

Recent options trading activity around Devon Energy (NYSE: DVN) shows a predominantly bearish sentiment among large investors, with 66% of trades being bearish. The trades indicate a targeted price range of $47.5 to $60.0. Devon Energy's stock is currently down 1.77% at $46.24, with analysts providing mixed ratings and an average target price of $59.67.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:31 pm

JPM

Deep-pocketed investors have shown unusual options activity for JPMorgan Chase (NYSE:JPM), with a mix of bullish and bearish sentiments. Significant options trades suggest a price range of $190.0 to $230.0 for JPM over the next three months. Analysts have mixed ratings, with an average target price of $209.8.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:31 pm

MCD

Significant options activity has been observed for McDonald's (NYSE:MCD) with a predominantly bearish sentiment. Out of 9 trades, 66% were bearish and 33% were bullish. The trades include 5 puts totaling $308,812 and 4 calls totaling $241,825. The predicted price range for McDonald's over the next three months is $230.0 to $300.0. The current market price is $260.09, with a neutral RSI. Analysts have mixed ratings with target prices ranging from $288 to $305.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:16 pm

GE

Large investors have taken a bearish stance on GE Aero (NYSE:GE) based on recent options activity. Benzinga's options scanner identified 12 significant trades, with a split sentiment of 25% bullish and 50% bearish. The trading activity suggests a price target range of $125.0 to $170.0 for GE Aero over the next three months. Currently, GE is trading at $158.73, down by 1.69%, with an RSI indicating it may be approaching oversold territory. Analysts have set an average target price of $188.0, with ratings from JP Morgan and UBS remaining positive.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:16 pm

NVAX

Recent options trading trends for Novavax (NASDAQ: NVAX) show a bearish sentiment among financial giants, with 50% of trades being bearish. The stock is currently down 2.2% at $17.82, and analysts have mixed ratings with price targets ranging from $10 to $29.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm

LRCX

Recent options trading activity on Lam Research (NASDAQ:LRCX) indicates a bearish stance by significant investors, with 40% of trades being bearish and 20% bullish. The trades suggest a price range of $735 to $1000 over the next three months. The stock is currently trading at $925.63, down by 1.07%.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm

PCTY

Paylocity Holding's (NYSE:PCTY) short interest has risen by 4.34%, with 2.76 million shares sold short, representing 7.21% of its float. This is higher than the peer group average of 4.88%. It would take traders 3.39 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 2:45 pm

INDY

PIN

The Indian stock market experienced its largest drop since March 2020 due to predictions that Prime Minister Narendra Modi's coalition will lose its majority in Parliament. The Nifty 50 index fell by 5.9%, and US-based ETFs tracking Indian stocks, such as iShares India 50 ETF (INDY) and Invesco India ETF (PIN), also saw significant declines.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 2:42 pm