Streetbeat News

Order Imbalances

SIRI

Sirius XM Holdings (NYSE:SIRI) has seen a 10.53% increase in its short percent of float, now at 22.99%. This indicates a bearish sentiment among investors, as it would take 9.59 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 9.51%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:00 pm

PAYC

Investors have taken a bullish position in Paycom Software (NYSE:PAYC) based on unusual options activity. Benzinga's options scanner identified 11 transactions, with a mix of bullish and bearish sentiments. The price target for PAYC ranges from $125 to $190, with significant open interest and volume trends. Analysts maintain a neutral stance with an average price target of $182.4.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:45 pm

DKNG

Deep-pocketed investors have shown a bearish sentiment towards DraftKings (NASDAQ:DKNG) through significant options activities. Benzinga's options scanner highlighted 11 extraordinary options activities, with 54% being bearish. The trading volume and open interest suggest a price range of $28.0 to $55.0 for DKNG. Despite the bearish sentiment, analysts maintain a positive outlook with an average target price of $58.4.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:17 pm

BAC

Recent options trading activity for Bank of America (NYSE:BAC) shows a bearish stance among big-money investors, with 54% of trades being puts. The price target range is $28.0 to $41.0, and the stock is currently up 1.76% at $39.31. RSI indicators suggest it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:16 pm

CVS

Deep-pocketed investors are showing significant interest in CVS Health (NYSE:CVS) options, with a notable increase in call and put activities. The majority of these trades are bullish, suggesting potential positive movement in CVS's stock price. Analysts have mixed ratings, with price targets ranging from $60 to $86.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

BWXT

BWX Technologies (NYSE:BWXT) has seen a 19.63% increase in short interest, with 1.05 million shares sold short, representing 1.28% of its float. This is lower than the peer group average of 2.46%. 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 | 4:30 pm

MAR

Marriott International (NYSE:MAR) has seen a 14.41% increase in its short percent of float, now at 2.62% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Marriott's short interest is still lower than the average of 6.86%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:15 pm

T

Recent options activity for AT&T (NYSE:T) shows a predominantly bearish sentiment among large investors, with 75% of trades being bearish. The trades indicate a price window of $15.0 to $21.0 for AT&T. The stock is currently up 1.76% at $17.93, but RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:01 pm

WMB

Williams Companies (NYSE:WMB) has seen an 8.16% rise in its short percent of float, now at 2.12% with 23.04 million shares sold short. This indicates increased bearish sentiment, although it has less short interest compared to its peers. It would take traders 3.58 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:45 pm

DHI

D.R. Horton's short interest has risen by 11.45%, with 6.60 million shares sold short, representing 2.53% of its float. This increase in short interest could indicate bearish sentiment among investors. However, D.R. Horton's short interest is still lower than the peer group average of 5.49%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:45 pm