Streetbeat News

Order Imbalances

EXLS

ExlService Holdings (NYSE:EXLS) has seen a 5.43% increase in its short percent of float, now at 3.69% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.64%.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:30 pm

ECL

Ecolab's short interest has increased by 24.24%, with 2.02 million shares sold short, representing 0.82% of its float. This is lower than the peer group average of 3.57%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:00 pm

NTLA

Intellia Therapeutics (NASDAQ:NTLA) has seen significant bearish options activity, with 89% of trades being puts. This suggests that large investors expect the stock price to fall, targeting a range of $17.5 to $20.0. The stock is currently down 12.24% to $17.5, and its RSI indicates it may be oversold.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 6:45 pm

SMR

NuScale Power (NYSE:SMR) has seen a 7.47% increase in short interest, with 21.50 million shares sold short, representing 23.88% of its float. This is significantly higher than its peers' average short interest of 8.42%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 6:15 pm

BYND

Beyond Meat's short interest has increased by 4.44%, with 39.78% of its float sold short. This is significantly higher than its peers' average of 6.23%. The high short interest could indicate bearish sentiment, but it also presents potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 6:15 pm

IONQ

Whales have shown a bearish stance on IonQ, with 43% of options trades being bearish. The trading activity suggests a price target between $10.0 and $20.0. IonQ's stock is currently up by 3.39% at $15.24, but RSI indicators suggest it may be overbought. An analyst from Needham has lowered the rating to Buy with a price target of $13.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 6:00 pm

AAPL

AMD

ARM

AVGO

DDOG

IBM

INTC

MSTR

NVDA

SMCI

The article highlights unusual options activity for several IT stocks, indicating potential trading opportunities. Notable mentions include bearish call sweeps for NVDA, SMCI, MSTR, and INTC, and bullish trades for AMD, AAPL, DDOG, IBM, and ARM.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 5:38 pm

MSTR

MicroStrategy's short interest has increased by 18.79%, with 16.82% of its shares sold short. This is significantly higher than its peers' average of 2.63%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 4:16 pm

ADBE

Deep-pocketed investors are showing a bearish sentiment towards Adobe (NASDAQ:ADBE) in the options market, with 56% of notable options activities being bearish. The stock is currently down 0.81% at $481.12, and analysts have set an average target price of $610.0. Unusual options activity suggests potential market movements.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:17 pm

HCC

Warrior Met Coal (NYSE:HCC) has seen a 3.74% increase in its short percent of float, now at 13.31%. This is higher than its peers' average of 4.11%. It would take traders 5.5 days to cover short positions. Increased short interest can indicate bearish sentiment but may also present bullish opportunities.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 1:00 pm