Streetbeat News

Order Imbalances

MGOL

MGO Global (NYSE:MGOL) has seen a significant rise in its short interest, with a 710.49% increase since the last report. Currently, 49.44% of its float is sold short, which is much higher than its peers' average of 2.84%. This could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

VRNS

Varonis Systems (NYSE: VRNS) has seen a 12.59% increase in its short percent of float, now at 12.25% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 9.82 days to cover their short positions. Varonis Systems' short interest is significantly higher than its peer group average of 5.45%.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

MMAT

Meta Materials shares resumed trading but were again halted on a circuit breaker to the downside, with the stock now down 73.1%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:51 pm

MCK

Financial giants have made a bearish move on McKesson (NYSE:MCK) with 41 unusual options trades, predominantly puts. The stock is currently down by 7.39% at $571.85, with analysts maintaining positive ratings and high price targets.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:31 pm

BSX

Deep-pocketed investors have shown a bearish sentiment towards Boston Scientific (NYSE:BSX) based on recent options activity. Benzinga's options scanner highlighted 8 significant options trades, with 50% of the sentiment being bearish. The major market movers are focusing on a price range between $72.5 and $95.0 for BSX. Despite this, the stock price is up 2.6% at $75.7, and analysts have mixed ratings with an average target price of $87.0.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm

ANET

Deep-pocketed investors have shown a bullish stance towards Arista Networks (NYSE:ANET) through significant options activity. Benzinga's options scanner highlighted 8 extraordinary options activities, with a mix of bullish and bearish sentiments. The predicted price range for ANET is between $310.0 and $380.0. Analysts have mixed ratings, with target prices ranging from $265 to $390.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm

KMX

CarMax (NYSE:KMX) has seen a 3.12% increase in its short percent of float, now at 13.55% with 18.63 million shares sold short. This is higher than the peer group average of 12.91%. It would take traders 8.89 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:00 pm

GME

GameStop's (NYSE:GME) short interest has decreased by 3.78%, with 40.34 million shares sold short, representing 11.46% of its float. This is higher than the peer group average of 5.14%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:00 pm

HNST

Honest Co (NYSE:HNST) has seen a significant rise in its short interest, with a 129.45% increase since the last report. The company now has 3.03 million shares sold short, representing 3.74% of its float. This increase in short interest could indicate bearish sentiment among investors, although it is lower than the peer group average of 6.40%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:45 pm

LYFT

Investors with significant capital have taken a predominantly bearish stance on Lyft (NASDAQ:LYFT), as evidenced by recent options trading activity. Benzinga's options scanner identified 22 unusual options trades, with 54% being bearish. The trades include 13 puts totaling $2,601,912 and 9 calls totaling $677,932. The targeted price range for Lyft over the last three months is between $7.5 and $15.0. The current trading volume is 16,007,353, and the stock price is up by 9.2%, reaching $9.91.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:09 pm