Streetbeat News

Order Imbalances

ALIT

Alight (NYSE:ALIT) has seen a 6.37% increase in its short percent of float, now at 4.01% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Alight's short interest is still below the peer group average of 5.08%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm

ADBE

Significant unusual options activity has been observed for Adobe (NASDAQ: ADBE), with a mix of bullish and bearish trades. A total of 126 uncommon options trades were spotted, with a notable volume and open interest. The price target range for these trades is between $300.0 and $780.0. Adobe's stock is currently down by 0.53%, trading at $443.52, and may be oversold according to RSI readings.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 8:16 pm

DIS

Recent options trading activity for Walt Disney (NYSE:DIS) shows a mix of bullish and bearish sentiment among big-money investors. Benzinga's options scanner identified 34 uncommon trades, with a significant amount of puts and calls. The price range targeted by these trades is between $95.0 and $145.0. Analysts have mixed ratings on the stock, with a consensus target price of $122.4.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 8:02 pm

WU

Western Union's (NYSE:WU) short percent of float has increased by 3.45%, with 18.71 million shares sold short, representing 7.2% of all regular shares available for trading. This is higher than the peer group average of 4.51%. The increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 7:45 pm

CAG

Conagra Brands (NYSE:CAG) has seen a 6.79% increase in its short percent of float, now at 3.46%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.23%. It would take traders 4.25 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 7:30 pm

IIPR

Innovative Industrial Properties (NYSE:IIPR) has seen a 5.38% increase in its short percent of float, now at 12.34%. This indicates a bearish sentiment among investors, as it would take 7.54 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 2.38%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 7:15 pm

SHOP

The article discusses the recent options trading activity for Shopify (NYSE:SHOP), highlighting a bearish sentiment among significant investors. It details 24 trades, with 50% being bearish and 33% bullish. The trades include both puts and calls, with a notable amount of money involved. The projected price targets for Shopify range from $40 to $75. The current stock price is $58.36, down 0.31%, and the RSI indicates it may be oversold.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:46 pm

WSM

Significant bearish options activity has been observed for Williams-Sonoma (NYSE:WSM), with 80% of the trades being puts. This unusual activity suggests that large investors are anticipating a potential decline in the stock price.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:45 pm

GE

GE Aero's short interest has risen by 6.25%, with 11.12 million shares sold short, representing 1.02% of its float. This is lower than the peer group average of 2.47%. The increase 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

May 31, 2024 | 6:15 pm

EME

EMCOR Group (NYSE: EME) has seen a 22.39% increase in its short percent of float, now at 1.64% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still lower than its peers' average of 4.89%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:00 pm