Bears are making bold moves in some highly shorted names. WOLF remains the standout extreme, with short interest at 103% of free float — more than the entire float sold short. Borrow availability has hit zero. Any squeeze catalyst could trigger violent moves. CRWV, the AI cloud infrastructure name, saw its SI % FF jump 4.8 points in a week to 33.1%. Bears are circling despite the AI tailwind. CHWY sits at 74.8% SI % FF, firmly in squeeze territory.
Over $200 million in insider sales hit filing desks this week. BABA President J. Michael Evans filed a $65.8 million sale on July 1. AMAT CEO Gary Dickerson sold $55.5 million across four transactions. CEO Gary Friedman filed $20.7 million in sales on July 8. The selling wave comes as many stocks sit near multi-year highs.
A WSJ exclusive reported that MGM Resorts is in talks with Barry Diller. That deal speculation adds another layer to MGM, which already appears in options flow as traders take positions ahead of any announcement.
META is appealing a landmark jury verdict that found it liable for social media addiction among young users. SNAP and GOOGL face related exposure in the same legal wave.
SK Hynix made its Nasdaq debut, pricing at $149 and jumping 13% intraday — a bright signal for chip demand. Q2 earnings season opens Monday with BAC and JNJ. NFLX reports Wednesday. European names including ABB and Nordic bank Nordea also report mid-week.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
