Streetbeat News

Order Imbalances

AFG

American Financial Group (NYSE: AFG) has seen a 6.9% increase in its short interest, now at 1.24% of its float. This is lower than the peer group average of 2.00%. It would take traders 3.54 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 6:42 pm

SMR

NuScale Power (NYSE:SMR) shares experienced a significant drop on Monday due to technical issues at the New York Stock Exchange, which caused multiple stocks to halt trading. The NYSE is investigating the issue, and trading has resumed. NuScale's trading volume exceeded its average, and the stock was down 9.34% at $7.92.

Portfolio Pulse from Vaishali Prayag

June 03, 2024 | 6:37 pm

UMBF

UMB Financial's short interest has risen by 204.11% since its last report, with 1.71 million shares sold short, representing 4.44% of its float. This increase in short interest could indicate bearish sentiment among investors. However, UMB Financial's short interest is still below the peer group average of 5.04%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 6:30 pm

AMC

BRK

CMG

COHR

DIA

EWW

GME

LSCC

PARA

QQQ

SAIC

SPOT

SPY

TLT

XLV

XRT

The VIX surged 9% as major U.S. equity indices fell due to concerns over U.S. manufacturing activity. Safe-haven assets like bonds and gold rose, while meme stocks like GameStop and AMC spiked. Notable stock movements included Paramount Global, Lattice Semiconductor, and Spotify. Mexican assets also saw significant declines following a presidential election.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 5:32 pm

KEX

Kirby's (NYSE:KEX) short interest has fallen by 7.0%, with 955 thousand shares sold short, representing 1.86% of its float. This is lower than the peer group average of 2.93%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 5:30 pm

VFC

VF Corporation (NYSE: VFC) has seen a 10.75% increase in its short percent of float, now at 12.98%. This indicates a bearish sentiment among investors, as it would take traders 8.03 days to cover their short positions. VF's short interest is higher than its peers, whose average is 8.08%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 5:30 pm

AZO

AutoZone's short interest has decreased by 3.38%, with 479 thousand shares sold short, representing 3.14% of its float. This is lower than the peer group average of 13.41%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 5:30 pm

AAPL

AMD

EPI

EWW

GME

NVDA

QQQ

SPY

USO

India's stock market hits a lifetime high on exit polls predicting a landslide victory for Modi's BJP, while Mexico's peso and stocks fall on election results. AI advancements are announced by NVIDIA and AMD. Positive money flows are seen in major tech stocks and ETFs, while oil prices fall due to OPEC+ production changes.

Portfolio Pulse from The Arora Report

June 03, 2024 | 4:44 pm

Investors with significant capital have taken a predominantly bearish stance on Li Auto (NASDAQ:LI), as observed through options trading data. Benzinga's options scanner identified 10 trades, with 80% being bearish. The major market movers are focusing on a price band between $21.0 and $33.0 for Li Auto. Despite the bearish sentiment in options, the stock price is up 4.2% at $21.1, and analysts have mixed ratings with an average target price of $37.0.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:16 pm

CRM

Deep-pocketed investors are showing a bullish sentiment towards Salesforce (NYSE:CRM) with significant options trading activity. Benzinga's options scanner highlighted 38 extraordinary options activities, with 55% bullish and 42% bearish sentiment. The price range targeted by these trades is between $185.0 and $320.0. Salesforce's current trading volume is 10,968,723, with a slight price decrease of -0.32% to $233.68. Analysts have mixed ratings with an average target price of $267.0.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:15 pm