Streetbeat News

Order Imbalances

ENPH

Recent analysis of Enphase Energy's (NASDAQ:ENPH) options activity reveals a predominantly bearish sentiment among traders, with 87% of trades showing bearish tendencies. The stock is currently trading at $114.55, down by 2.19%, and has an average analyst target price of $129.8. Notable options trades include both puts and calls within a strike price range of $80.0 to $150.0.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 2:46 pm

NVAX

Recent options trading activity for Novavax (NASDAQ: NVAX) indicates a mixed sentiment among big-money investors, with a notable volume of both bullish and bearish trades. The trading volumes and open interest suggest a focus on a price range between $5.0 and $40.0. Analysts have mixed ratings on the stock, with target prices ranging from $10 to $19.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 2:18 pm

AMC

AMC Entertainment Holdings shares were halted on a circuit breaker after the stock dropped by 9.78%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:34 pm

STX

Seagate Tech Hldgs (NYSE:STX) has seen a 15.43% increase in its short percent of float, now at 5.91%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 6.38%.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 1:15 pm

VLO

Valero Energy (NYSE:VLO) has seen a 6.89% increase in its short percent of float, now at 3.57% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 8.40%.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 1:15 pm

AMC

GME

IWM

PLUG

SPWR

UUP

Wall Street trades flat amid mixed producer inflation data and anticipation for consumer inflation report. Fed Chair Powell sees prolonged current monetary policy, while President Biden imposes significant tariffs on Chinese imports. The U.S. dollar index and Treasury yields fell, while small caps and meme stocks like GameStop and AMC surged. Commodities saw mixed movements, and Bitcoin dropped. Key ETFs and stocks like Insulet, Plug Power, SunPower, and Delcath Systems reacted to various news, including earnings and significant financial developments.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 5:59 pm

ABBV

AMRS

CRBP

CRDL

HRMY

JAZZ

NTEC

PFE

Roy Bingham, CEO of BDSA, projects the U.S. cannabis market to reach nearly $46 billion by 2028, driven by adult-use and medical market expansion. The DEA's reclassification of cannabis to Schedule III is expected to spur medical research and investment, with significant growth anticipated in pharmaceutical applications and medical cannabis products. This rescheduling may reduce financial pressures on cannabis businesses and attract investment from healthcare and pharmaceutical companies. Despite federal restrictions, the shift is seen as an opportunity for healthcare and pharmaceutical industries to invest in cannabinoid research, potentially impacting medication use and fostering innovation in the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 5:32 pm

Boeing reported April deliveries of 24 commercial jets, including 16 737 Max and 4 787 Dreamliner jets, with year-to-date deliveries totaling 107 aircraft. The company received 7 gross aircraft orders in April but faced 33 cancellations, primarily due to Lynx Air ceasing operations, leading to 100 net orders after cancellations and conversions for the year. The total gross orders for the year stand at 138.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:01 pm

BAYRY

GOOG

IBM

INTC

MSFT

NVDA

AI is significantly impacting the pharmaceutical industry, from drug discovery to marketing, with Alphabet Inc's Google DeepMind developing AlphaFold 3, an AI model that predicts the structure of biological molecules. McKinsey reports AI could generate $60 billion-$110 billion annually for the industry, speeding up drug discovery and development. Collaborations like Bayer AG and Google Cloud are developing AI solutions for healthcare. Key players include Nvidia, Intel, IBM, Google, GE, Microsoft, Medtronic, Micron Technology, Amazon Web Services, and Siemens Healthineers.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 6:49 pm

SYNX

Silynxcom has secured an order to supply equipment for a German Police Department in preparation for an upcoming international sports event. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:22 pm