Streetbeat News

Stock Prices

CLF

Cleveland-Cliffs (NYSE:CLF) has seen a 16.6% increase in short interest since its last report, with 31.19 million shares sold short, representing 8.5% of its float. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a price drop. The company's short interest is higher than its peer group average of 5.68%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:45 pm

SHIBUSD

Shiba Inu (SHIB) experienced a 7.6% increase in value following significant whale transactions, including the movement of 1.75 trillion SHIB coins from a Robinhood wallet. The ecosystem is seeing upgrades with the recent Bor hard fork and the upcoming Heimdall hard fork aimed at improving transaction reliability. Tron founder Justin Sun expressed support for meme coin projects at the Token 2049 conference. Shiba Inu's trading volumes approached $1 billion with a 9.8% price surge and a 67.1% increase in large transaction volume.

Portfolio Pulse from Khyathi Dalal

May 02, 2024 | 5:38 pm

BAYRY

BAYZF

Bayer AG's Monsanto unit won a legal victory as a Washington state appeals court overturned a $185 million verdict related to chemical contamination at a school. This decision, marking the company's second major legal win recently, involved a lawsuit from 2021 where three teachers claimed brain damage from exposure to PCBs, banned chemicals Monsanto produced until 1977. The court ruled the lower court improperly applied Missouri laws, allowing claims to be filed decades later. Bayer faces around 200 similar claims, and this ruling could influence future trials and Bayer's financial exposure in PCB contamination claims, potentially surpassing $2.5 billion.

Portfolio Pulse from Vandana Singh

May 02, 2024 | 5:38 pm

IWM

LIN

QCOM

SOXX

U.S. stock markets saw gains with the S&P 500 and Nasdaq 100 up, driven by positive corporate earnings and Fed Chair Jerome Powell's dismissal of a rate hike. Semiconductors, particularly Qualcomm, rebounded strongly. Small caps outperformed large caps, and treasury yields fell, indicating reduced interest rate hike fears. Commodities like gold and crude oil fell, while Bitcoin saw a slight recovery. Notable stock movements included Linde plc and ConocoPhillips dropping due to earnings reports, while Regeneron Pharmaceuticals and Moderna Inc. saw significant gains.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 5:37 pm

FORM

B. Riley Securities analyst Craig Ellis maintains a Buy rating on FormFactor (NASDAQ:FORM) and raises the price target from $52 to $54.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:37 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares surged due to new contracts for supplying cryogenic equipment to a multinational industrial gas company and a statewide electric utility. The company, which acquired Applied Cryo Technologies in 2021, is also finalizing an agreement with another leading industrial gas company and has secured deals for cryogenic trailers for the Canadian market and LNG cryogenic mobile storage equipment. Deliveries are expected to start in early 2025, with PLUG shares up 6.09% to $2.44.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 5:36 pm

AZN

BAX

CVS

ESTA

HUM

IBRX

MRK

MRNA

PFE

UNH

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like MRK, PFE, CVS, AZN, IBRX, MRNA, ESTA, UNH, BAX, and HUM. The trades varied in sentiment from bullish to bearish, with notable investments in both call and put options across various expiration dates and strike prices. This activity could indicate market expectations and potential movements in these stocks.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:35 pm

AMZN

BABA

CVNA

DASH

TSLA

Today's session highlighted unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts, tracking large transactions, showed a mix of bearish and bullish sentiments across various stocks including TSLA, DASH, BABA, CVNA, RSI, PDD, AMZN, JD, DKNG, and RIVN. The activity involved both call and put options with varying expiration dates, strike prices, and total trade prices, suggesting significant market movements.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:35 pm

AAPL

AMD

MSFT

NVDA

SMCI

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market dynamics. Notable bullish sentiment was observed in NVDA, SMCI, AMD, MSFT, and TCX through call sweeps, while AAPL and CRWD showed bearish sentiment with call and put sweeps, respectively. Neutral and bullish sentiments were also noted in COHR and PTC trades. The activity suggests varying investor expectations and market positioning ahead of the options' expiration dates.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:35 pm

HCC

B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Warrior Met Coal (NYSE:HCC) and raises the price target from $87 to $91.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:32 pm