Streetbeat News

Order Imbalances

WSM

Williams-Sonoma's short interest has risen by 10.29%, with 15.97% of its float sold short. This is higher than its peers' average of 13.01%. It would take traders 8.88 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 5:30 pm

ONTO

Onto Innovation's short interest has risen by 14.25%, with 1.75 million shares sold short, representing 4.65% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Onto Innovation's short interest is still below the peer group average of 6.40%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 5:30 pm

DAL

Wealthy investors have taken a predominantly bearish stance on Delta Air Lines (NYSE:DAL), as observed through 11 significant options trades. The sentiment is split with 63% bearish and 27% bullish. The trading volumes and open interest suggest a focus on a price range between $40.0 and $70.0. Delta's current stock price is $52.72, with an upcoming earnings announcement in 51 days.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 5:01 pm

ULTA

Investors have taken a bearish stance on Ulta Beauty (NASDAQ:ULTA) as indicated by recent options market activity. Benzinga's options scanner detected 14 uncommon trades, with a majority being puts. The overall sentiment is split, with 42% bearish and 28% bullish. Significant investors are targeting a price range of $360 to $500. The stock is currently down by 1.83%, trading at $379.44, and is potentially oversold. Analysts have mixed ratings, with price targets ranging from $350 to $476.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 4:45 pm

BA

Investors have taken a bearish stance on Boeing (NYSE:BA) with significant options activity. Benzinga's options scanner identified 13 unusual trades, with a split sentiment of 38% bullish and 46% bearish. The trades suggest a price range of $170.0 to $260.0 for Boeing over the next three months.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 4:30 pm

BMY

The article highlights a surge in options activity for Bristol-Myers Squibb (NYSE:BMY), with a predominantly bearish sentiment among large investors. Over the past month, 75% of the trades were bearish, with significant volume and open interest in both puts and calls. Analysts have mixed ratings, with price targets ranging from $43 to $48.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:46 pm

U

Investors have taken a bearish position in Unity Software (NYSE:U) based on unusual options activity. Benzinga's options scanner identified 10 transactions, with 9 puts valued at $394,260 and 1 call worth $26,180. The sentiment is mixed, with 30% bullish and 50% bearish. The price window for Unity Software is projected between $21.0 to $35.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:45 pm

C

High-rolling investors have shown unusual bullish activity in Citigroup's (NYSE:C) options, with 60% of trades being bullish. This significant move often signals privileged information. The stock is currently trading at $64.09, up by 1.47%, and has an average target price of $86.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

SM

SM Energy's short percent of float has risen by 4.69%, with 11.96 million shares sold short, representing 15.17% of all regular shares available for trading. This is significantly higher than its peers' average short interest of 6.84%. The increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:15 pm

BABA

BIDU

BILI

BLK

FXI

JD

KWEB

PDD

U.S. short sellers are speculating that the surge in Chinese stocks is over, leading to a selloff in major Chinese companies like Baidu, JD.com, Alibaba, Bilibili, and PDD Holdings. Bearish bets against BlackRock's iShares China Large-Cap ETF have reached their highest since October 2020. Investors are cautious due to mixed economic outcomes in China and the risk of sudden regulatory crackdowns.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 3:03 pm