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AMD

CDW

HPE

MARA

NVDA

PLTR

RIOT

Today's whale activity in the Information Technology sector highlighted significant options trading across several US-listed companies. Notable movements include bearish call sweeps on NVDA, MU, ON, CDW, and HPE, alongside bullish calls on AI, MARA, AMD, and RIOT, with a bullish put sweep on PLTR. These activities, based on the volume and open interest, suggest varied investor sentiment and potential trading opportunities in these stocks.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:35 pm

AAL

Investors have shown a bearish stance on American Airlines (NASDAQ:AAL) through recent options trading, with a sentiment split of 37% bullish and 62% bearish. The trading volume and open interest suggest a price target range of $8.0 to $25.0. The largest trades have been predominantly puts, indicating a bearish outlook. Despite this, American Airlines remains a major player in the airline industry, with the youngest fleet among U.S. legacy carriers. The stock's current price is $13.83, with an RSI indicating it may be approaching oversold territory. Analysts have set an average price target of $19.0, with UBS recently lowering its rating to Buy.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:31 pm

DVN

Recent unusual options activity on Devon Energy (NYSE:DVN) indicates a bearish stance by large investors, with a split sentiment of 36% bullish and 63% bearish. The activity includes 30 uncommon trades, with 7 puts and 23 calls, targeting a price window of $45.0 to $65.0. Devon Energy, a major exploration and production company, has seen its stock price slightly increase to $52.65. Analysts have set an average price target of $60.0, with varying ratings from Buy to Sector Perform.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:31 pm

HPK

Truist Securities analyst Neal Dingmann has maintained a Sell rating on HighPeak Energy (NASDAQ:HPK) and lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:29 pm

PFE

A study published in the New England Journal of Medicine on Pfizer Inc's Paxlovid for COVID-19 shows it's safe but questions its efficacy in low-risk patients. The study found no significant difference in symptom alleviation between Paxlovid and placebo groups. Editorial commentary suggests Paxlovid's benefits are likely greater for high-risk individuals.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 5:28 pm

NLCP

New Lake Capital Partners (OTC:NLCP) is highlighted for its strong performance in the cannabis real estate sector, with a 16% stock increase over 90 days, an 8.7% dividend yield, and a conservative debt-to-equity ratio of 0.5. The company's real estate book is stable at $380 million, with a 5% increase in rental income to $12.7 million, and 100% rent collection. Analyst Pablo Zuanic of Zuanic & Associates maintains an Overweight rating on NLCP, citing its strategic market position, potential for growth in key markets, and the possibility of federal regulatory reforms benefiting the company.

Portfolio Pulse from Nicolás Jose Rodriguez

April 05, 2024 | 5:27 pm

OPEN

Opendoor Technologies (NYSE:OPEN) has seen a 5.1% increase in its short percent of float since the last report, reaching 13.82% of all shares available for trading. With 77.12 million shares sold short, it would take about 3.99 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment among investors towards the company.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:15 pm

HPE

Hewlett Packard's (NYSE:HPE) short interest has decreased by 27.78%, with 23.74 million shares sold short, representing 2.08% of its float. This decrease in short interest could indicate a more bullish sentiment towards HPE among investors. Compared to its peers, HPE has a lower short interest percentage of float, with the average being 6.34%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:15 pm

Micron Technology's (NYSE:MU) short interest has decreased by 6.0% since the last report, with 20.75 million shares sold short, representing 1.88% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 4.46%. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:15 pm

BYRN

GCTS

HUBC

MDIA

STIX

Byrna Technologies Inc. shares rose by 7.1% after reporting Q1 revenue that exceeded expectations and announcing a CFO transition. Other stocks also moved significantly in the mid-day session, with notable gainers including MediaCo Holding Inc., HUB Cyber Security Ltd., and GCT Semiconductor Holding, Inc., among others. Losers included Semantix, Inc., noco-noco Inc., and IM Cannabis Corp. Key reasons for movements include stake acquisitions, financing deals, MOUs, earnings reports, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 5:06 pm