Streetbeat News

Order Imbalances

HD

Financial giants have shown a bearish sentiment towards Home Depot (NYSE:HD) through unusual options activity, with 66% of trades being bearish. The predicted price range for HD is between $375 and $500. Despite this, analysts maintain positive ratings with target prices averaging $444. The stock is currently trading at $403.12, up by 0.32%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 2:15 pm

SQ

Block's (NYSE:SQ) short interest has increased by 10.59%, with 10.36 million shares sold short, representing 1.88% of its float. This is lower than its peers' average of 5.64%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 2:00 pm

BKNG

Booking Holdings Inc. (NASDAQ:BKNG) experienced a significant Power Inflow, indicating a potential uptrend in its stock price. This event, occurring at 11:23 AM on October 22nd, suggests institutional interest and is seen as a bullish signal by traders using order flow analytics.

Portfolio Pulse from Finit

October 22, 2024 | 9:21 pm

DASH

Recent options trading trends indicate a bearish sentiment among big-money investors towards DoorDash (NASDAQ:DASH). Despite a slight increase in stock price, the majority of options trades are bearish, suggesting potential market movement. Analysts have mixed ratings, with price targets ranging from $142 to $160.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:45 pm

HIMS

Hims & Hers Health (NYSE:HIMS) has seen a 6.65% decrease in its short percent of float, now at 13.05%. This indicates a potential shift in market sentiment as fewer shares are being shorted. The company's short interest is higher than its peers, which average 8.96%.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:00 pm

MMM

3M has seen unusual options activity with a bullish sentiment from financial giants. 64% of traders are bullish, targeting a price range of $134 to $150. The stock is currently down 1.92% at $132.25, with analysts giving mixed ratings and target prices ranging from $140 to $160.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:45 pm

LYFT

Lyft's short interest has increased by 4.16%, with 14.77% of its float sold short, indicating bearish sentiment. This is higher than its peers' average of 9.17%. It would take 4.38 days to cover these positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 1:15 pm

AMD

Advanced Micro Devices, Inc. (AMD) experienced a significant Power Inflow, indicating a potential uptrend in its stock price. This event is seen as a bullish signal by traders using order flow analytics to track institutional activity. AMD's stock closed 2% higher at $157.94 after the Power Inflow was detected at $154.73.

Portfolio Pulse from Finit

October 21, 2024 | 10:53 pm

GLD

JDST

JNUG

Unusual options activity has been observed in the SPDR Gold Trust (GLD), with a bearish sentiment despite its recent gains. This has implications for Direxion's leveraged ETFs, JNUG and JDST, which are designed for short-term exposure to gold market movements. JNUG has performed well, while JDST has struggled.

Portfolio Pulse from Joshenomoto@benzinga.com

October 21, 2024 | 8:04 pm

FLR

Fluor (NYSE:FLR) has seen unusual options activity, with a significant amount of bearish sentiment from big-money traders. The options trades suggest a price window of $47.5 to $60.0. Despite this, an analyst from Truist Securities maintains a Buy rating with a target price of $66. FLR's stock is currently down 1.84% at $53.99.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 7:30 pm