Streetbeat News

Order Imbalances

MRVL

Deep-pocketed investors have shown a bearish sentiment towards Marvell Tech (NASDAQ:MRVL) through significant options activity. Benzinga's options scanner highlighted 20 extraordinary options trades, with 45% being bearish. The stock is currently priced at $73.5, up 0.57%, but RSI indicators suggest it may be overbought. Analysts have set an average price target of $85.0.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 4:46 pm

DUK

Duke Energy's (NYSE:DUK) short interest has risen by 17.27%, with 9.96 million shares sold short, representing 1.29% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Duke Energy's short interest is still lower than the peer group average of 2.19%.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 4:15 pm

CRKN

FFIE

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading higher due to increased attention from retail traders on social media. The stock has surged nearly 900% since Wednesday and is one of the top trending tickers on Yahoo Finance. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is also seeing similar interest from retail traders.

Portfolio Pulse from Erica Kollmann

May 17, 2024 | 3:51 pm

SAVA

Cassava Sciences (NYSE:SAVA) has seen a 3.41% decrease in its short percent of float, now at 30.84%. This indicates a potential shift in market sentiment. The company's short interest remains higher than its peers, with 13.87 million shares sold short, taking an average of 16.17 days to cover.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:30 pm

AVGO

Recent unusual options activity for Broadcom (NASDAQ:AVGO) indicates a bullish stance from big-money investors, with 47 uncommon options trades detected. The sentiment is split with 44% bullish and 31% bearish. The price range focus is between $720.0 and $1600.0. Broadcom's stock is currently down -0.73% at $1401.79, with an average analyst target price of $1550.0.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:16 pm

CVNA

The article provides an in-depth analysis of recent options trading activity for Carvana (NYSE:CVNA), revealing a predominantly bearish sentiment among financial giants. It highlights 11 unusual trades, with a mix of calls and puts, and discusses the predicted price range and market sentiment. The current market status of Carvana is also reviewed, including recent analyst ratings and price targets.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:01 pm

AAPL

AMAT

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GOOG

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USO

The article discusses the 'picks and shovels' strategy for investing in artificial intelligence, highlighting Applied Materials (AMAT) as an example. It also covers early trade money flows in major tech stocks and ETFs, and provides insights on gold, oil, and Bitcoin. Additionally, it offers advice on protection bands and the traditional 60/40 portfolio.

Portfolio Pulse from The Arora Report

May 17, 2024 | 2:51 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has seen a 39.33% increase in its short percent of float, now at 12.01% of all regular shares available for trading. This is significantly higher than its peer group average of 2.48%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

INDO

Indonesia Energy Corp (NYSE: INDO) has seen a significant rise in its short interest, with a 557.65% increase since its last report. The company now has 266 thousand shares sold short, representing 5.59% of its float. This is higher than the peer group average of 1.83%.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

DT

Dynatrace's (NYSE:DT) short interest has fallen by 16.72%, with 6.09 million shares sold short, representing 2.49% of its float. This is lower than the peer group average of 3.69%. The decrease in short interest could indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm