Earnings results are driving sharp moves across the market today. JFrog surged 41% after beating estimates, with analysts lifting targets across the board. Airbnb also pushed higher on a strong print. On the losing side, The RealReal crashed 17% — short sellers stayed heavy through the drop. Toast fell 15% after missing Q1 estimates. Peloton shorts retreated after a surprise beat, though the Street remains divided on the name.
Short sellers are picking their spots carefully. Wolfspeed saw its SI % of Free Float jump nearly 10 points to 60.4% in a week. Availability is now at zero — there are no shares left to borrow. Meanwhile, shorts are quietly covering. SI % FF fell from 16% to 12.2% this week. recorded a Q1 beat and short squeeze dynamics, though analysts urge caution on the rally.
UBS made bold moves on two names. It raised its target on Howmet Aerospace to $290 from $260. Microchip Technology got a 13% target lift to $130. Both calls reflect growing confidence in industrial and semiconductor names after recent tariff relief.
Magnetar Financial filed this week showing it sold $550M of CoreWeave stock since April 30. That's a rapid exit from one of the AI cloud firm's biggest backers. On the other side, Sportradar CEO Carsten Koerl bought nearly $6.7M of his own shares across three days — a clear vote of confidence.
Europe faces a packed week ahead, with Thales and German fertiliser group K+S both reporting Monday as investors watch for signals on industrial demand.
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.
