Streetbeat News

Order Imbalances

ASML

Significant options activity has been detected for ASML Holding (NASDAQ:ASML), with a mix of bullish and bearish trades. The options trades suggest a price range of $710 to $1200 over the next three months. The stock is currently trading at $864.07, up 1.31%, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm

SPY

XLK

XLV

Institutional investors took advantage of early August market volatility to buy discounted stocks and equity ETFs, with significant inflows into tech and communication services sectors. The SPDR S&P 500 ETF Trust (SPY) and Technology Select Sector SPDR Fund (XLK) saw notable inflows, while the Health Care Select Sector SPDR Fund (XLV) experienced outflows.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:12 pm

HIMS

Financial giants have made a bearish move on Hims & Hers Health (NYSE:HIMS) with 62% of options trades showing bearish tendencies. The major market movers are focusing on a price band between $11.0 and $30.0. The stock is currently trading at $16.18, up by 1.31%, with an average analyst price target of $21.33.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:47 pm

JPM

Deep-pocketed investors are showing a bullish trend towards JPMorgan Chase (NYSE:JPM), with significant options activity indicating potential big moves. Benzinga's options scanner highlighted 11 extraordinary options activities, with 54% bullish sentiment. Analysts have set price targets ranging from $215 to $226.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:16 pm

RBLX

Roblox's short interest has decreased by 8.39%, with 17.07 million shares sold short, representing 4.37% of its float. This is higher than the peer group average of 3.39%. It would take traders 3.72 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

CVNA

Deep-pocketed investors have shown a bullish approach towards Carvana (NYSE:CVNA), with significant options activity detected. The sentiment among these investors is mixed, with 48% bullish and 40% bearish. Analysts have varied price targets, ranging from $120 to $200. The stock is currently trading at $140.73, up by 5.43%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 2:46 pm

GS

High-rolling investors have shown significant interest in Goldman Sachs Gr (NYSE:GS) options, with a notable split in sentiment. Benzinga's options scanner identified 13 trades, mostly bullish, with a price target range of $460 to $505. Analysts have mixed ratings, with target prices ranging from $373 to $559.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 2:31 pm

PENN

PENN Entertainment's short interest has fallen by 8.03%, with 22.23 million shares sold short, representing 16.49% of its float. This decline in short interest may indicate a shift in market sentiment towards a more bullish outlook. Comparatively, PENN has a higher short interest than its peers, whose average is 3.82%.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:00 pm

PAA

Plains All American's (NYSE:PAA) short interest has decreased by 20.22%, with 10.03 million shares sold short, representing 2.17% of its float. This is lower than the peer group average of 3.83%. The reduced short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:00 pm

ENVX

Enovix (NYSE:ENVX) has seen a significant rise in its short interest, with 45.56 million shares sold short, representing 38.58% of its float. This increase in short interest suggests bearish sentiment among investors. However, it is important to note that high short interest can sometimes be bullish if short sellers are forced to cover their positions.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:00 pm