Streetbeat News

Order Imbalances

ADNT

Adient (NYSE:ADNT) has seen a 5.8% increase in its short percent of float, now at 7.66%. This indicates a bearish sentiment among investors, as it would take 3.94 days to cover these short positions. Adient's short interest is higher than its peer group average of 7.24%.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 5:15 pm

PNC

PNC Financial Services Group (NYSE:PNC) has seen an 8.33% increase in its short percent of float, now at 1.3% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, PNC's short interest is still below the peer group average of 1.79%.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 4:45 pm

NRG

NRG Energy's short percent of float has risen 11.8%, with 12.56 million shares sold short, representing 7.96% of all regular shares available for trading. This is higher than the peer group average of 2.29%. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover their positions.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 4:45 pm

ABBV

High-rolling investors have shown unusual bearish options activity on AbbVie (NYSE:ABBV), with 62% of the trades being bearish. This could indicate that some investors have privileged information. The stock is currently trading at $168.93, down by 1.3%, with an RSI suggesting it may be approaching overbought. Analysts have mixed ratings with target prices ranging from $185 to $200.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 4:03 pm

CCL

High-rolling investors have positioned themselves bearish on Carnival (NYSE:CCL), with 70% of the options trades being bearish. The stock is currently trading at $18.59, up by 1.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $17 to $22.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:32 pm

CVS

Deep-pocketed investors are showing significant interest in CVS Health (NYSE:CVS) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner highlighted 9 extraordinary options activities for CVS Health, indicating potential big moves. Analysts have mixed ratings, with price targets ranging from $58 to $86.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:32 pm

AES

AES's short interest has risen by 14.67%, with 20.07 million shares sold short, representing 4.3% of its float. This is higher than its peers' average short interest of 2.27%. It would take traders 3.31 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:15 pm

FIS

Fidelity National Info (NYSE:FIS) has seen a 17.89% increase in short interest, with 18.60 million shares sold short, representing 4.35% of its float. This is lower than the peer group average of 5.16%. 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

June 27, 2024 | 2:15 pm

QCOM

Qualcomm's (NYSE:QCOM) short interest has risen by 16.11%, with 23.28 million shares sold short, representing 2.09% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Qualcomm's short interest is still lower than its peer group average of 5.11%.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 1:30 pm

QLI

Qilian Intl Hldg Gr (NYSE:QLI) has seen a significant rise in its short percent of float, increasing by 456.25% to 2.67%. This indicates a bearish sentiment among investors, although the company's short interest is still below the peer group average of 3.54%.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 1:30 pm