Streetbeat News

Order Imbalances

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

ANF

Investors with significant capital have taken a bullish stance on Abercrombie & Fitch (NYSE:ANF), as evidenced by recent options activity. Benzinga's options scanner identified 13 trades, with 76% being bullish. The targeted price range for ANF is between $147.0 and $200.0. Current trading volume is 291,593, with the stock price at $145.87. Analysts have mixed ratings, with an average target price of $128.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:01 pm

SHOP

Recent unusual options activity for Shopify (NYSE:SHOP) indicates a bullish stance among big-money traders, with 12 call options and 1 put option detected. The overall sentiment is 53% bullish and 23% bearish. The price range focus is between $25.0 and $95.0, with significant trades showing high interest in the stock.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:46 pm

CVS

Financial giants have made bearish moves on CVS Health, with 62% of recent options trades showing bearish tendencies. Analysts have mixed ratings, with price targets ranging from $58 to $77. CVS Health's stock is currently down 0.73% at $56.98.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:46 pm

MGOL

MGO Global shares experienced a volatile trading session, resuming trade only to be halted again due to a circuit breaker triggered by a sharp decline. Despite this, the stock is now up by 465.5%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:44 pm

TPL

Texas Pacific Land (NYSE:TPL) has seen a 4.33% decrease in its short percent of float, now at 5.3%. This is lower than its peer group average of 7.29%. It would take traders 13.28 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:30 pm

MSTR

Deep-pocketed investors have adopted a bearish approach towards MicroStrategy (NASDAQ:MSTR), as revealed by Benzinga's options scanner. The significant options activity includes 21 puts and 74 calls, with a notable bearish sentiment. The price range targeted by these options is between $670.0 and $3800.0. The current trading volume for MSTR is 264,396, with the stock down by -1.13% at $1707.71. Analysts have mixed ratings, with a consensus target price of $1780.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:02 pm

AVGO

High-rolling investors have shown unusual options activity for Broadcom (NASDAQ:AVGO), with a bearish sentiment prevailing. This activity, tracked by Benzinga, includes significant trades that may indicate privileged information. The stock is currently down by 1.23% at $1396.62, with an RSI suggesting it may be approaching overbought territory. Analysts have set an average price target of $1550.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:02 pm

IT

Gartner's (NYSE:IT) short interest has risen by 7.74%, with 1.11 million shares sold short, representing 1.67% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Gartner's short interest is still below the peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 1:15 pm