Nike, Shorts, and Insider Exits Dominate Wednesday

Earnings in Focus

NKE Nike headlines the week's corporate calendar, reporting Q4 2026 results on Tuesday after the close. Options markets are already defensive. Heavy put open interest sits at the $35 strike for July 17. Bears dominate near-the-money positioning. STZ Constellation Brands and CRM Salesforce also report this week. Today sees DRI Darden Restaurants and MKC McCormick both on the tape.

Short Sellers Get Extreme

WOLF Wolfspeed is the most squeezed name in the market. Short interest sits at 113% of free float. Available borrow has hit zero. There is simply nothing left to short. AI chip maker CBRS Cerebras Systems carries 38% SI % FF, also with zero availability. Meanwhile, WBI WaterBridge Infrastructure saw the sharpest weekly move — short interest jumped 53 percentage points to 83% of free float.

Utilities Win Analyst Love

Analysts upgraded targets on more than eight utility names in a single sweep. NEE NextEra, DUK Duke, D Dominion, and ED Consolidated Edison all moved higher. The move reflects easing rate pressure on regulated earnings. Citigroup separately upgraded SHW Sherwin-Williams to Buy with a $380 target.

Insiders Head for the Exit

ASTS AST SpaceMobile CEO Abel Avellan filed Tuesday reporting a $146.7M stock sale on June 22. The CFO and President also filed sales. Three C-suite exits in weeks is a notable cluster. Over at WMT Walmart, the Walton Family Trust has sold over $900M in shares across recent filings — with $467M reported on June 18 alone.

SNAP faces fresh legal pressure after a new lawsuit over user safety. Short interest there sits at 9.4% of free float.