Streetbeat News

Order Imbalances

DKNG

Deep-pocketed investors have shown a bearish sentiment towards DraftKings (NASDAQ:DKNG) through significant options activity. Benzinga's options scanner highlighted 8 extraordinary options activities, with 62% of the sentiment being bearish. The projected price targets for DKNG range from $25.0 to $45.0 over the next three months. Despite the bearish sentiment, professional analysts maintain a generally positive outlook with an average target price of $50.2.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 5:32 pm

DECK

Recent options activity for Deckers Outdoor (NYSE:DECK) shows a bullish trend, with 60% of trades being bullish and only 10% bearish. The stock price has increased by 3.65% to $874.06. Analysts have given positive ratings with target prices ranging from $887 to $1225.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 5:17 pm

HQY

HealthEquity's (NYSE:HQY) short interest has risen by 15.87%, with 3.97 million shares sold short, representing 5.33% of its float. This is higher than the peer group average of 4.08%. It would take traders 6.67 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:45 pm

LMT

Deep-pocketed investors have adopted a bearish approach towards Lockheed Martin (NYSE:LMT), as revealed by Benzinga's options scanner. The scanner highlighted 9 extraordinary options activities, with 33% bullish and 44% bearish sentiment. Significant trades include puts totaling $127,290 and calls amounting to $553,750. Analysts have mixed ratings, with price targets ranging from $500 to $600.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:01 pm

EME

EMCOR Group's (NYSE:EME) short interest has fallen by 16.36%, with 666 thousand shares sold short, representing 1.84% of its float. This is lower than the peer group average of 5.86%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:45 pm

AVB

AvalonBay Communities (NYSE:AVB) has seen an 8.67% increase in its short percent of float, now at 1.63% of all regular shares available for trading. This is lower than the peer group average of 3.60%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:45 pm

MRK

Merck & Co (NYSE:MRK) has seen a 5.43% increase in its short percent of float, now at 0.97% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Merck's short interest is still below the peer group average of 5.39%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:30 pm

YUM

Yum Brands (NYSE:YUM) has seen a 3.02% increase in its short percent of float, now at 3.75% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Yum Brands still has a lower short interest compared to its peers, whose average short interest is 10.32%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:30 pm

PACB

Pacific Biosciences (NYSE:PACB) has seen a 9.25% increase in its short percent of float, now at 26.09%. This indicates a bearish sentiment among investors, as it would take 7.87 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 6.60%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:30 pm

CELH

Deep-pocketed investors have shown a bearish sentiment towards Celsius Holdings (NASDAQ:CELH) through significant options activity. The options scanner highlighted 9 extraordinary options activities, with 55% of the sentiment being bearish. The stock is currently trading at $38.4, down by 2.54%, and analysts have set an average price target of $67.2.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 2:16 pm