Streetbeat News

Order Imbalances

UNM

Unum Group (NYSE: UNM) has seen a 4.42% increase in its short percent of float, now at 3.07% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. The company's short interest is higher than its peer group average of 2.83%.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:45 pm

NOW

Deep-pocketed investors have shown a bearish sentiment towards ServiceNow (NYSE:NOW) with significant options activity. Benzinga's options scanner highlighted 38 extraordinary options activities, with 57% of the sentiment being bearish. The trading activity suggests a price range of $400.0 to $1140.0 for ServiceNow over the next three months. Currently, ServiceNow is trading at $785.46, down by 0.15%, with an RSI indicating it may be overbought. An analyst from Needham has revised the rating to Buy with a price target of $900.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:16 pm

AVAV

AeroVironment (NYSE:AVAV) has seen a 3.24% increase in its short percent of float, now at 4.78%. This is higher than its peers' average of 2.40%. It would take traders 4.28 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:45 pm

AAPL

AVGO

CLSK

GTLB

MARA

MAXN

MU

NVDA

SMCI

XRX

Today's session saw significant options activity for several IT stocks, with notable whale alerts indicating potential trading opportunities. Key stocks with bearish sentiment include NVDA, AAPL, SMCI, CLSK, AVGO, and MU, while MAXN, GTLB, MARA, and XRX showed bullish sentiment.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:35 pm

MS

Investors with significant capital have taken a predominantly bearish stance on Morgan Stanley (NYSE:MS) through options trading. Benzinga's options scanner identified 16 unusual trades, with 62% being bearish. The major market movers are focusing on a price range between $90.0 and $110.0 for MS. The stock is currently up 1.14% at $98.3, with RSI indicators suggesting it may be approaching overbought territory. Next earnings are expected in 15 days.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 4:31 pm

CMCSA

Investors have taken a bearish stance on Comcast (NASDAQ:CMCSA) with significant options activity indicating a potential price drop. Benzinga's options scanner identified 11 unusual trades, with 90% being bearish. The targeted price range is $39.0 to $47.5. Comcast's stock is currently trading at $39.0, down by 0.41%.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 3:47 pm

F

Big-money investors have taken a predominantly bearish stance on Ford Motor (NYSE:F), as indicated by recent unusual options trades. The sentiment is split with 27% bullish and 54% bearish. Significant trades include both puts and calls, with a price range expectation of $11.0 to $16.17 over the next three months.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 2:31 pm

VRT

Deep-pocketed investors have shown a bearish sentiment towards Vertiv Hldgs (NYSE:VRT) based on recent options trading activities. Benzinga's options scanner highlighted 12 significant options activities, with 66% of the sentiment being bearish. The trading volume for VRT stands at 1,719,258, with the stock price down by -2.32% to $84.56. An analyst from Evercore ISI Group maintains an Outperform rating with a target price of $105.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 2:16 pm

CEG

High-rolling investors are showing significant interest in Constellation Energy (NASDAQ:CEG), with a mix of bullish and bearish sentiment. Benzinga's options scanner identified 10 options trades, with a focus on a price range between $190.0 and $240.0. The stock is currently up 5.24% at $210.76, and analysts have mixed ratings with target prices ranging from $218 to $249.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 2:01 pm

MSTR

MicroStrategy's (NYSE:MSTR) short percent of float has risen 6.73% since its last report, with 3.59 million shares sold short, representing 22.83% of all regular shares available for trading. This is significantly higher than its peer group average of 2.95%.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 1:30 pm