Streetbeat News

Order Imbalances

TDOC

Teladoc Health (NYSE:TDOC) has seen a 4.13% increase in its short percent of float, now at 21.45% with 27.92 million shares sold short. This is significantly higher than its peers' average short interest of 5.80%. It would take traders 4.95 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 5:45 pm

AMZN

BABA

CVNA

CZR

GME

LOW

NKE

PDD

TSLA

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on significant trades involving companies like TSLA, GME, CZR, NKE, AMZN, BABA, LOW, CVNA, HD, and PDD. These trades indicate varying sentiments, with some showing bearish and others bullish outlooks.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 5:35 pm

DECK

Wealthy investors are showing a bullish stance on Deckers Outdoor (NYSE:DECK) with significant options trades. Benzinga's options scanner detected 17 unusual trades, with a split sentiment of 52% bullish and 29% bearish. The major market movers are focusing on a price band between $700 and $1100. Analysts have mixed ratings, with target prices ranging from $860 to $1026.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 5:30 pm

SNPS

Deep-pocketed investors are showing a bullish sentiment towards Synopsys (NASDAQ:SNPS), with significant options trading activity indicating potential price movements between $500 and $900. Analysts have mixed ratings but generally positive price targets for the stock.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 5:01 pm

Deep-pocketed investors have adopted a bearish approach towards Goldman Sachs Gr (NYSE:GS), as revealed by Benzinga's options scanner. The significant options activity suggests a potential price range of $380.0 to $560.0 for GS over the next three months. The general sentiment among these investors is predominantly bearish, with 64% leaning bearish and 35% bullish.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:46 pm

IESC

IES Holdings (NYSE: IESC) has seen a 14.11% increase in its short percent of float, now at 3.8%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 4.67%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:30 pm

PYPL

Significant options activity has been detected for PayPal Holdings (NASDAQ:PYPL), with a mix of bullish and bearish trades. The activity suggests a price target range of $50.0 to $100.0 over the next three months. The stock is currently trading at $62.15, down by 0.06%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:15 pm

COIN

Investors have taken a bearish stance on Coinbase Glb (NASDAQ:COIN) with significant options activity. Benzinga's options scanner spotted 22 trades, with 54% being bearish. The stock is currently down by 4.06% at $222.1. Analysts have mixed ratings with an average target price of $265.8.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:15 pm

DNA

Ginkgo Bioworks Holdings (NYSE:DNA) has seen a 7.94% increase in its short percent of float, now at 23.51%. This indicates a bearish sentiment among investors, as it would take traders 5.39 days to cover their short positions. The company's short interest is significantly higher than its peers, whose average is 3.34%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:00 pm

BTCUSD

ETHUSD

The cryptocurrency market experienced a significant downturn as investors awaited the SEC's decision on Ethereum ETFs. Bitcoin dropped by over $2,000, while Ethereum saw a brief dip due to a large sell-off by Symbolic Capital Partners. Market volatility is driven by uncertainty surrounding the SEC's decision, which could either boost or dampen investor confidence.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 2:58 pm