AVGO shed $285 billion in market value after its revenue outlook disappointed. Shares fell 12% on Thursday. That is one of the biggest single-day valuation wipeouts on record for any company. Options traders piled in across August expiries. Short interest remains just 1.1% of free float — bears are using derivatives, not stock loans, to press this one.
The market showed little patience for good-but-not-great results. LULU fell on a weak forward outlook despite managing recent headwinds. GWRE posted a better-than-expected Q3 but the stock dropped anyway. DOCU beat and raised yet still slid. Short interest in DocuSign has crept up to 8.7% of free float — sceptics were already positioned. RBRK beat estimates and raised guidance, but shares slipped all the same. The pattern is clear: the bar for upside surprises is high right now.
Not everything in tech got hit. CRWD drew sharp target increases from UBS ($790) and Macquarie ($660). The analyst consensus target jumped 21% in a week. Short interest sits at under 3% of free float. Bears are not engaged here.
European defence stocks rallied after Ukraine ratified a $105 billion EU loan deal. The Dulux maker — AkzoNobel — surged after rejecting a $14.5 billion rival bid. Oil is trading below $100 despite Iran tensions. Trafigura reported net profit more than doubled to $4.1 billion for its latest half-year, citing the volatile commodity environment.
WOLF short interest sits at 114.6% of free float with zero shares left to borrow. A squeeze remains a live risk. DAVE saw short interest spike 10 points to 30.5% in a single week — the sharpest jump among US mid-caps tracked by ORTEX.
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.
