Streetbeat News

Stock Prices

SBUX

Recent options trading activity for Starbucks (NASDAQ:SBUX) shows a bullish sentiment among significant investors, with 65% of detected trades being bullish and 35% bearish. The trades consist of 6 puts and 14 calls, with a notable concentration on strike prices ranging from $75.0 to $115.0. The current market status of SBUX shows a slight increase in stock price to $91.45, with indicators suggesting it may be approaching oversold territory. The next earnings report is expected in 55 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:46 pm

IFBD

Trading of Infobird shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:43 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) announced a $178 million contract with the U.S. Army, making it a trending topic on Reddit's WallStreetBets. Retail investors are optimistic, noting the contract's potential for leading to a larger production deal. Palantir's stock has surged over 50% in 2024, with a significant increase following the contract announcement. The company's market cap has reached $52.685 billion, reflecting its strong position in the AI sector.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 8:42 pm

IFBD

Infobird shares were halted due to a circuit breaker triggered by a sharp increase, with the stock now up 48.8%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:38 pm

PGR

Progressive Corp's stock (PGR) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $185 to $227.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:36 pm

AIG

American Intl Gr (NYSE:AIG) has seen a 9.0% increase in short percent of float since its last report, with 6.57 million shares sold short, representing 1.09% of available shares. This increase in short interest indicates a more bearish market sentiment towards AIG, although it has less short interest compared to its peer group average of 1.90%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

AAP

Advance Auto Parts (NYSE:AAP) has seen a 4.09% increase in its short percent of float since the last report, reaching 9.42% of all shares available for trading. With 4.85 million shares sold short, it would take about 3.74 days for traders to cover their positions. This rise in short interest indicates a more bearish market sentiment towards AAP, although it has less short interest compared to its peer group average of 12.64%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

BECN

Beacon Roofing Supply (NYSE:BECN) has seen a decrease in short interest, now at 4.57% of float, lower than its last report. The short interest represents 1.89 million shares, and it would take approximately 3.07 days for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards BECN, potentially signaling a more bullish outlook. Additionally, BECN's short interest is slightly higher than its peer group average of 4.48%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

GDDY

GoDaddy shares are trading higher following the announcement of a long-term growth strategy and the issuance of guidance.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:24 pm

NYCB

New York Community Bancorp's stock price increased following the announcement of a $1 billion equity investment from Liberty Strategic Capital, Hudson Bay, and Reverence Capital.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:21 pm