Streetbeat News

Order Imbalances

AAPL

AES

MRVL

SNX

Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

SCHW

Charles Schwab's (NYSE:SCHW) short interest has risen by 9.09%, with 15.96 million shares sold short, representing 0.96% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Schwab's short interest is lower than the average of 4.92%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:15 pm

SYM

Symbotic (NYSE:SYM) has seen a 13.74% increase in its short percent of float, now at 24.42% of all regular shares available for trading. This high short interest suggests bearish sentiment among investors, although it doesn't guarantee a near-term price drop. Compared to its peers, Symbotic's short interest is significantly higher, with the peer group average at 4.01%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:00 pm

HWM

Howmet Aerospace (NYSE:HWM) has seen a 13.18% increase in its short percent of float, now at 2.49%. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. The company's short interest is higher than its peers, which average 2.36%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:00 pm

FRPT

Freshpet's (NYSE:FRPT) short percent of float has increased by 5.34%, with 12.43% of its shares sold short. This is significantly higher than its peers' average of 3.71%. It would take traders 14.76 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 3:45 pm

LRCX

High-rolling investors have shown a bearish sentiment on Lam Research (NASDAQ:LRCX) through significant options trading activity. Benzinga's options scanner identified 9 trades, with a mix of bullish and bearish sentiments. The projected price targets for LRCX range from $600 to $1000. The stock is currently trading at $977.76, up by 2.05%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $850 to $1150.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 2:47 pm

DELL

Market whales have shown a bullish stance on Dell Technologies (NYSE:DELL) options, with 63% of trades being bullish. The major market movers are focusing on a price range between $150.0 and $175.0. Dell's stock is currently up 2.9% at $158.02, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings, with target prices ranging from $98 to $165.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 2:03 pm

NUE

Nucor's (NYSE:NUE) short interest has risen by 5.78%, with 5.38 million shares sold short, representing 2.93% of its float. This increase in short interest could indicate bearish sentiment, although Nucor's short interest is still below the peer group average of 5.87%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:45 pm

AXP

American Express (NYSE: AXP) has seen a 14.16% increase in its short percent of float, now at 1.29% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, AXP's short interest is still lower than the peer group average of 7.16%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:45 pm

CDNS

Cadence Design Systems (NYSE:CDNS) has seen a 13.73% increase in its short percent of float, now at 1.16% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still below the peer group average of 3.75%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:30 pm