What's Going On With Beneficient Stock?

Beneficient BENF shares are trading lower Monday. The company is set to release its postponed fourth-quarter and full-year financial results before the opening bell on Tuesday.

The Details: 

Beneficient stock soared last week after the company announced the SEC has concluded the investigation and does not intend to recommend an enforcement action by the SEC under the previously issued Wells Notices. The company also rescheduled its earnings release from July 2 to July 9. 

Beneficient is a technology-enabled financial services company that provides liquidity solutions to participants in the alternative asset industry through its end-to-end online platform, AltAccess.

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Beneficient shares are dipping on above-average trading volume Monday, after soaring more than 100% Friday. According to data from Benzinga Pro, more than 1.25 million shares have already been traded in the session, compared to the stock’s 100-day average of 1.618 million shares.

How To Buy BENF Stock:

By now you're likely curious about how to participate in the market for Beneficient – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Beneficient, which is trading at $4.04 as of publishing time, $100 would buy you 24.75 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

BENF Price Action: According to Benzinga Pro, Beneficient shares are down 16.3% at $4.05 at the time of publication Monday.

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