Streetbeat News

Order Imbalances

BRK.A

GOLD

SPY

USO

On June 3rd, U.S. stock markets showed mixed results with the S&P 500 and Nasdaq gaining modestly, while the Dow Jones declined. A technical glitch at the NYSE caused fluctuations in Berkshire Hathaway and Barrick Gold shares. U.S. construction spending and ISM manufacturing PMI data were disappointing. Asian and European markets mostly declined, with significant drops in Indian stocks due to election uncertainties. Crude oil prices fell due to OPEC+ production signals and economic concerns.

Portfolio Pulse from Akanksha Bakshi

June 04, 2024 | 10:47 am

COKE

Coca-Cola Consolidated (NYSE:COKE) has seen a 28.44% increase in short interest, now at 2.71% of its float. This is lower than its peer group average of 6.52%. The rise 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 03, 2024 | 8:30 pm

SPR

Spirit AeroSystems Holdings (NYSE:SPR) has seen a 5.36% increase in its short percent of float, now at 8.26%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 2.11%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 8:30 pm

TSM

Wealthy investors have taken a bullish stance on Taiwan Semiconductor (NYSE:TSM), with significant options activity indicating a price target range of $80 to $220. The stock is currently trading at $155.61, up by 3.03%. Analysts have a consensus target price of $168.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 8:15 pm

HTZ

Investors with significant capital have taken a predominantly bearish stance on Hertz Global Holdings (NASDAQ:HTZ), as observed through recent options trading activity. Benzinga's options scanner identified 8 unusual options trades, with 62% of the sentiment being bearish. The trades suggest a targeted price range of $4.0 to $10.0 for HTZ over the last three months. The stock is currently down by 5.85%, trading at $4.11, and may be approaching oversold territory according to RSI indicators.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:45 pm

MARA

Wealthy investors have taken a predominantly bearish stance on Marathon Digital Holdings (NASDAQ:MARA), as evidenced by 30 uncommon options trades tracked by Benzinga. The sentiment is split with 56% bearish and 40% bullish. The price target for MARA ranges from $5.0 to $50.0, with significant open interest and volume in options trading. The current stock price is $19.39, down 0.66%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:45 pm

CVX

Recent options trading activity on Chevron (NYSE:CVX) indicates a mixed sentiment among big-money investors, with a significant number of both bullish and bearish trades. The trading activity suggests a price range of $125 to $170 for Chevron over the next three months. Analysts have mixed ratings on the stock, with target prices ranging from $166 to $205.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:30 pm

ABBV

Investors have shown significant interest in AbbVie (NYSE:ABBV) options, with a mix of bullish and bearish trades. Benzinga's options scanner identified 10 uncommon options trades, with a total of $1,048,300 in calls and $170,570 in puts. The targeted price range for AbbVie is between $135.0 and $165.0. The stock is currently priced at $160.72, down 0.32%, with neutral RSI indicators. Analysts have set an average target price of $200.0.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:30 pm

CVNA

Deep-pocketed investors are showing significant interest in Carvana (NYSE:CVNA) with a mix of bullish and bearish options activities. The options scanner highlighted 23 extraordinary options trades, indicating a potential price range of $80.0 to $185.0. The stock is currently down 1.71% at $98.27, with RSI indicators suggesting it may be oversold. An analyst from JMP Securities has lowered its rating to Market Outperform with a price target of $135.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:16 pm

DHR

Recent options market activity indicates a bearish sentiment among big-money traders for Danaher (NYSE:DHR). Benzinga's options scanner identified 12 unusual trades, with 58% being bearish. This could signal potential upcoming changes for the company.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:00 pm