An NVIDIA director made the biggest insider move of the week. Mark Stevens filed seven open-market sales totalling $411 million between August 31 and September 2. No 10b5-1 plan was disclosed. NVIDIA's market cap stands at $5.3 trillion. Short interest remains thin at 1.3% of free float — bears aren't piling in. On the other side of the ledger, Bill Gates quietly bought shares in Republic Services across 65 separate transactions, signalling conviction in the waste management sector.
Morgan Stanley swept price targets lower on five utility names in one session. NextEra Energy, PG&E, PPL, , and all took cuts. Despite the AI data centre demand story, analyst David Arcaro trimmed NextEra's target to $111 from $114. Airlines drew a split verdict. Rothschild raised to $105 while cutting to $150 from $165. JP Morgan upgraded from Hold to Buy.
Short sellers hit Signet Jewelers hard ahead of the holiday season. SI climbed 3.4 points to 17.8% of free float. Crocs edged up to 12.8%. Meanwhile, Chewy shorts covered aggressively — SI fell 3.5 points to 74.1%, still elevated but trending down.
Alibaba options bulls are loading up calls ahead of earnings. Peers JD.com and PDD Holdings are seeing similar bullish flow. In semis, Micron leads positive options bets — up 242% year-to-date with analysts still pricing in 55% more upside. Progressive and VinFast report earnings today, with the Vietnamese EV maker the more volatile of the two.
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.
