Streetbeat News

Order Imbalances

PKG

Packaging Corp of America's (NYSE:PKG) short interest has risen by 4.5%, with 1.42 million shares sold short, representing 2.09% of its float. This increase in short interest could indicate bearish sentiment, although PKG's short interest is still below the peer group average of 3.82%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 6:00 pm

DE

Financial giants have shown a bearish sentiment towards Deere (NYSE:DE) through unusual options activity, with 55% of trades being bearish. The price target for Deere is projected to be between $330.0 and $430.0. The stock is currently down 1.58% at $369.05, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with a consensus target price of $445.2.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 5:16 pm

BAC

Financial giants have made significant bearish moves on Bank of America (NYSE:BAC) options, with 60% of trades being bearish. The stock is currently trading at $39.41, down by 0.72%. Analysts have mixed ratings with target prices ranging from $40 to $46.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:45 pm

INTU

Financial giants have made a bearish move on Intuit (NASDAQ:INTU) with 19 unusual options trades. 42% of traders showed bearish tendencies, with significant put and call activities. Analysts maintain high target prices, but the stock is currently down by -1.39%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:31 pm

ENPH

Deep-pocketed investors have shown a bullish interest in Enphase Energy (NASDAQ:ENPH) options, with significant activity noted by Benzinga's options scanner. The majority of the trades are calls, suggesting a positive outlook. ENPH's stock price is up 3.11% at $129.07, but RSI indicators suggest it may be overbought. An analyst from GLJ Research downgraded the stock to Sell with a price target of $45.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:15 pm

LKQ

LKQ Corporation (NYSE:LKQ) has seen a 33.16% increase in its short percent of float, now at 2.49% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, LKQ's short interest is still lower than the average of 4.04%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 3:45 pm

NOW

ServiceNow (NYSE:NOW) has seen a surge in options activity, with financial giants making bullish moves. Analysis reveals 8 unusual trades, with 25% bullish and 12% bearish. The price window eyed is $650 to $1000. Current trading volume is 303,474, with the stock down by -2.01% at $723.7. Analysts have mixed ratings, with a consensus target price of $860.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:31 pm

APP

AppLovin (NYSE:APP) has seen a 34.4% increase in its short percent of float, now at 10.04% with 26.45 million shares sold short. This is significantly higher than its peers' average of 3.68%. It would take traders 5.09 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:15 pm

RIOT

Riot Platforms (NYSE:RIOT) has seen a 10.87% increase in its short percent of float, now at 17.65%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 8.80%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:00 pm

ECL

Ecolab (NYSE:ECL) has seen a 34.67% increase in its short percent of float, now at 1.01% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Ecolab's short interest is still lower than its peer group average of 4.11%.

Portfolio Pulse from Benzinga Insights

May 27, 2024 | 8:45 pm