Streetbeat News

Order Imbalances

WBA

Investors have taken a bearish position in Walgreens Boots Alliance (NASDAQ:WBA), with 100% of the identified options transactions being bearish. This includes 8 puts valued at $602,871 and a single call worth $35,420. The price range focus is between $17.5 and $22.5. The stock is currently trading at $15.91, down by -1.93%. An analyst from Morgan Stanley maintains an Underweight rating with a target price of $13.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 3:31 pm

COIN

Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN), with significant options activity indicating potential market movements. The majority of options trades are bearish, with a notable volume of calls and puts within a strike price range of $200 to $400. Analysts have mixed ratings on COIN, with price targets ranging from $204 to $255.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 3:01 pm

WPC

W.P. Carey's (NYSE:WPC) short interest has risen by 8.31%, with 6.01 million shares sold short, representing 3.78% of its float. This is higher than its peers' average short interest of 2.85%. It would take traders 5.0 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:30 pm

ILMN

Illumina's short interest has risen by 13.61%, with 5.40 million shares sold short, representing 3.84% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Illumina's short interest is still below the peer group average of 5.23%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:30 pm

CAVA

Financial giants have shown a bearish sentiment towards Cava Group (NYSE:CAVA) with significant options activity. Analysis reveals 54% bearish trades, with a price range expectation between $40.0 and $140.0. The stock is currently down by 2.38% at $90.34, with mixed analyst ratings and a consensus target price of $85.4.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:16 pm

COST

Recent options trading activity for Costco Wholesale (NASDAQ:COST) indicates a bullish sentiment among big-money investors, with 66% of trades being bullish. The options trades include a mix of puts and calls, with significant interest in strike prices ranging from $265 to $1200. Analysts have mixed ratings on Costco, with price targets ranging from $765 to $875.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:46 pm

GME

GameStop shares were halted on a circuit breaker due to a significant downside movement, despite the stock currently being up by 64.22%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:32 pm

NRG

NRG Energy's short interest has risen by 23.68%, with 9.64 million shares sold short, representing 6.11% of its float. This is significantly higher than its peers' average of 2.12%. The increase in short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:30 pm

CLSK

Cleanspark (NYSE:CLSK) has seen a significant rise in its short interest, now at 17.2% of its float, which is higher than its peers' average of 8.11%. This could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:30 pm

ALT

Altimmune (NYSE:ALT) has seen a 3.37% increase in its short percent of float, now at 32.78%. This indicates a bearish sentiment among investors, as it would take traders 7.58 days to cover their short positions. Altimmune's short interest is significantly higher than its peers, whose average is 12.88%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm