Option chain shows key data for Ares Dynamic Credit's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Ares Dynamic Credit.

Ares Dynamic Credit (NYSE:ARDC) Stock, Option Chain

Ares Dynamic Credit

Ares Dynamic Credit Allocation Fund Inc is a closed-ended, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).

News

Intraday Update

Markets

Movers

Trading Ideas

ABCB

ABEV

ACAM

ACBI

ACCO

ACEL

ACER

ACIW

ACLS

ACRS

ACST

ADOM

AEHR

AGRO

AIMC

AINV

AIRT

ALEX

ALGN

ALGT

ALOT

AMAL

AMKR

AMOT

AMPH

AMRB

AMSC

AMWD

ANIK

ANIX

AOSL

APEN

APLE

APOG

APPN

APYX

AQUA

ARCC

ARCO

ARDC

ARDS

ARKR

AROW

ARPO

ASRV

ATKR

ATRS

AVAL

AVNW

AWSM

AXNX

AZUL

Stocks That Hit 52-Week Lows On Thursday

ACHC

ACRE

ADIL

ADNT

ADTN

ADUS

AFIN

AGCO

AGNC

AGYS

ALKS

ALLY

ALTM

ALYA

AMBC

AMCX

AMPY

ANAT

APLS

APTV

APTX

APWC

ARGO

ARNC

AROC

ASGN

ATAX

ATEN

ATNX

ATRA

Stocks That Hit 52-Week Lows On Wednesday

AACG

AAOI

ABMD

ACGL

ACHV

ACIU

ACRX

ACTG

ADES

ADMP

ADMS

ADPT

AEIS

AERI

AEZS

AFGC

AFMD

AGFS

AGLE

AIMT

AKCA

AKTS

AKTX

ALBO

ALDX

Stocks That Hit 52-Week Lows On Monday

Ares Dynamic Credit Allocation Fund, Inc. Common Shares

Ares Dynamic Credit Allocation Fund Inc

ArdCoin

Investors with a lot of money to spend have taken a bearish stance on C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 18 options trades for C3.ai.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $105,000, and 17, calls, for a total amount of $973,263.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $65.0 for C3.ai over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for C3.ai's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of C3.ai's whale activity within a strike price range from $30.0 to $65.0 in the last 30 days. 
<h3>C3.ai 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734542134_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$40.00</td>
<td>$129.0K</td>
<td>31.0K</td>
<td align="right">525</td>
</tr>
<tr>
<td>AI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.14</td>
<td>$2.04</td>
<td>$2.1</td>
<td>$40.00</td>
<td>$105.0K</td>
<td>5.4K</td>
<td align="right">574</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.6</td>
<td>$8.45</td>
<td>$8.6</td>
<td>$40.00</td>
<td>$86.0K</td>
<td>3.5K</td>
<td align="right">168</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$8.4</td>
<td>$8.15</td>
<td>$8.23</td>
<td>$40.00</td>
<td>$82.3K</td>
<td>3.5K</td>
<td align="right">818</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.4</td>
<td>$7.65</td>
<td>$8.22</td>
<td>$40.00</td>
<td>$82.2K</td>
<td>3.5K</td>
<td align="right">368</td>
</tr>
</tbody>
</table>

<h3>About C3.ai</h3>
C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.
Having examined the options trading patterns of C3.ai, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is C3.ai Standing Right Now?</h3>
<ul>
<li>With a trading volume of 3,457,009, the price of AI is up by 2.1%, reaching $43.76.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for C3.ai, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

C3.ai Unusual Options Activity For December 18

Investors with a lot of money to spend have taken a bullish stance on Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LUNR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Intuitive Machines.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 45%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $128,252, and 8 are calls, for a total amount of $583,496.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $17.5 for Intuitive Machines during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuitive Machines's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuitive Machines's substantial trades, within a strike price spectrum from $10.0 to $17.5 over the preceding 30 days.
<h3>Intuitive Machines Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734542129_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$15.00</td>
<td>$195.0K</td>
<td>9.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.8</td>
<td>$15.00</td>
<td>$112.1K</td>
<td>9.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$15.00</td>
<td>$87.1K</td>
<td>9.1K</td>
<td>309</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.9</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$15.00</td>
<td>$75.8K</td>
<td>9.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>LUNR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.6</td>
<td>$0.5</td>
<td>$0.51</td>
<td>$14.00</td>
<td>$51.9K</td>
<td>308</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About Intuitive Machines</h3>
Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
In light of the recent options history for Intuitive Machines, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Intuitive Machines</h3>
<ul>
<li>With a trading volume of 6,982,274, the price of LUNR is up by 2.99%, reaching $14.3.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 92 days from now.</li>
</ul>
<h3>Expert Opinions on Intuitive Machines</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $17.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Intuitive Machines, targeting a price of $17. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intuitive Machines with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

LUNR

What the Options Market Tells Us About Intuitive Machines

Financial giants have made a conspicuous bullish move on Tempus AI. Our analysis of options history for Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) revealed 15 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,098,988, and 5 were calls, valued at $199,000.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $55.0 for Tempus AI over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Tempus AI's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tempus AI's whale activity within a strike price range from $40.0 to $55.0 in the last 30 days. 
<h3>Tempus AI 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734542123_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.0</td>
<td>$10.1</td>
<td>$10.4</td>
<td>$45.00</td>
<td>$789.6K</td>
<td>1.0K</td>
<td>754</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.7</td>
<td>$40.00</td>
<td>$61.0K</td>
<td>3.1K</td>
<td>829</td>
</tr>
<tr>
<td>TEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.1</td>
<td>$2.5</td>
<td>$2.98</td>
<td>$55.00</td>
<td>$59.5K</td>
<td>1.9K</td>
<td>319</td>
</tr>
<tr>
<td>TEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.7</td>
<td>$8.0</td>
<td>$8.3</td>
<td>$55.00</td>
<td>$49.8K</td>
<td>2.4K</td>
<td>256</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.4</td>
<td>$40.00</td>
<td>$45.2K</td>
<td>3.1K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h3>About Tempus AI</h3>
Tempus AI Inc is a technology company. It has built the Tempus Platform, which comprises both a technology platform to free healthcare data from silos and an operating system to make the resulting data useful. Its Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal.
<h3>Present Market Standing of Tempus AI</h3>
<ul>
<li>Trading volume stands at 3,491,142, with TEM's price down by -3.61%, positioned at $37.55.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 61 days.</li>
</ul>
<h3>Expert Opinions on Tempus AI</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $62.666666666666664.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Tempus AI, targeting a price of $54. 
&#x2A; In a cautious move, an analyst from Guggenheim downgraded its rating to Buy, setting a price target of $74. 
&#x2A; In a cautious move, an analyst from Wolfe Research downgraded its rating to Outperform, setting a price target of $60. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Tempus AI with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Tempus AI's Recent Unusual Options Activity

Renewable energy group&nbsp;Orsted&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNNGY#OTC">DNNGY</a>) disclosed the sale of a 50% <a target="_blank" href="https://orsted.com/en/media/news/2024/12/orsted-divests-shares-in-three-us-solar-and-batter-1419547111" rel="noreferrer noopener">equity </a>stake in three U.S. onshore projects to Energy Capital Partners valued at $572 million.
The divested assets include Mockingbird Solar (468 MW) and Sparta Solar (250 MW) in Texas, as well as the Eleven Mile Solar Center in Arizona, featuring 300 MW of solar and 300 MW/1,200 MWh of battery storage.
All projects, set to begin operations in 2024, have secured tax equity partnerships and power purchase agreements.
The transaction aligns with Ørsted&#8217;s ongoing divestment strategy and provides proceeds to advance its mid- and long-term goals.
Ørsted will retain a 50% equity stake in the three projects and continue to operate them throughout their lifespan.
Financial closing will occur across multiple project companies, with the transaction&#8217;s impact recognized in the fourth quarter of 2024 and the first quarter of 2025, pending certain conditions precedent.
In 2024, Ørsted secured approximately $734 million in upfront proceeds for these projects from tax equity partner J.P. Morgan and signed its first long-term tax credit transfer agreement for Mockingbird Solar Center.
Combined with the sales price from the divestment, the total proceeds for the three projects amount to $1.306 billion.
James Giamarino, Head of Commercial in Region Americas at Ørsted, said, &#8220;These transactions reflect our close engagement with a range of commercial partners, including our tax equity and transferability partners, which are all key to the growth of Ørsted&#8217;s US onshore portfolio.&#8221;
Matt Himler, Principal at ECP, added, &#8220;These projects are prime examples of the kind of large-scale clean energy infrastructure the US needs to meet the growing demand for electricity.&#8221;
&#8220;We&#8217;re pleased to expand our partnership with Ørsted and to invest in their diversified portfolio of contracted solar and battery storage assets in high load growth markets. We look forward to leveraging our extensive sector expertise and track record in renewables to deliver carbon-free energy to Arizona and Texas.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42557400" target="_blank" rel="noreferrer noopener">Mullen Automotive Slashes Burn Rate And Powers Ahead With EV Sales Surge &#8211; What&#8217;s Going On?</a></li>
</ul>
Photo via Shutterstock.

Equities

Asset Sales

DNNGY

Renewable Energy Company Ørsted Sells 50% Stake In US Solar And Battery Projects For $572 Million: Details

Stifel analyst Parker Lane maintains Intapp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) with a Buy and raises the price target from $70 to $75.

Price Target

Analyst Ratings

INTA

Stifel Maintains Buy on Intapp, Raises Price Target to $75

U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Wednesday.
Shares of Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) rose sharply during Wednesday's session as the company posted better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42551215/worthington-enterprises-delivers-q2-earnings-beat-growth-in-building-products-drives-momentum">results for its second quarter</a>.
On Tuesday, the company reported a net sales decline of 8% year over year to $274.0 million, beating the consensus of $273.77 million. The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions segment. Adjusted EPS of 60 cents exceeded the consensus of 52 cents.
Worthington Enterprises shares jumped 14.4% to $43.72 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) shares jumped 59% to $2.29 after the company announced it regained NYSE stockholders&#8217; equity required compliance status.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 30.1% to $21.85 on continued strength, after the company on Tuesday announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) surged 21.6% to $15.90.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) rose 19.1% to $23.09.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) shares gained 18.3% to $5.26.</li>
<li>Exodus Movement, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXOD#NASDAQ">EXOD</a>) jumped 15.5% to $45.00.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 15.5% to $3.80 as the company announced a $49 million equity conversion by leading investors.</li>
<li>FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) rose 11.5% to $48.90.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) gained 10% to $147.38 following better-than-expected quarterly results.</li>
<li>EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) gained 8.7% to $99.52.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares rose 7.2% to $9.75. Cantor Fitzgerald analyst Andres Sheppard maintained Archer Aviation with an Overweight and raised the price target from $10 to $13.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 6.7% to $5.66.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42551008/top-3-health-care-stocks-that-may-explode-in-q4">Top 3 Health Care Stocks That May Explode In Q4</a></li>
</ul>

ACHR

EXOD

FORM

KULR

POET

QUBT

RZLV

SKYT

SOUN

Worthington Enterprises Posts Upbeat Results, Joins Jabil, Archer Aviation And Other Big Stocks Moving Higher On Wednesday

Stifel analyst Parker Lane maintains Enfusion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENFN#NYSE">ENFN</a>) with a Buy and raises the price target from $11 to $13.

ENFN

Stifel Maintains Buy on Enfusion, Raises Price Target to $13

Stifel analyst Adam Borg maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and raises the price target from $90 to $103.

FTNT

Stifel Maintains Hold on Fortinet, Raises Price Target to $103

Stifel analyst Brad Reback maintains DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>) with a Hold and raises the price target from $35 to $40.

DOCN

Stifel Maintains Hold on DigitalOcean Holdings, Raises Price Target to $40

Tigress Financial analyst Ivan Feinseth maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Buy and raises the price target from $400 to $430.

Tigress Financial Maintains Buy on MongoDB, Raises Price Target to $430

Stifel maintains Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Buy and raises the price target from $82 to $90.

Stifel Maintains Buy on Dayforce, Raises Price Target to $90

Stifel analyst Brad Reback maintains Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) with a Buy and raises the price target from $141 to $165.

DDOG

Stifel Maintains Buy on Datadog, Raises Price Target to $165

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">broader market activity</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00002566</td>
<td>$15.12 billion</td>
<td>-3.1%&nbsp;</td>
<td>-11.5%&nbsp;</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.3849</td>
<td>$56.7 billion</td>
<td>-3.1%&nbsp;</td>
<td>-7.9%&nbsp;</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>&nbsp;$0.00002144&nbsp;&nbsp;</td>
<td>$9 billion</td>
<td>-5.6%&nbsp;</td>
<td>-14.6%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234. 
The trader <a href="https://x.com/InvestingHaven/status/1869336220100383078">noted</a>, "While the journey to these targets could be volatile, it aligns with broader market dynamics. Patience could pay off for SHIB holders."
Meanwhile, trader Cantonese Cat pointed out that Shiba Inu is currently testing key weekly support levels.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> testing weekly Ichimoku cloud support <a href="https://t.co/ZtWmcRtMh3">pic.twitter.com/ZtWmcRtMh3</a>
&mdash; Cantonese Cat &#x1f431;&#x1f408; (@cantonmeow) <a href="https://twitter.com/cantonmeow/status/1869232455435366712?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Statistics: Data from Shibburn reveals a 4,766% increase in burn rates over the past 24 hours, with 1.97 million SHIB removed from circulation. Shibariumscan reports consistent burns of 4.69 million SHIB in the same timeframe.
IntoTheBlock data shows a 50% decline in Shiba Inu's large transaction volume and 9.8% growth in daily active addresses. Transactions greater than $100,000 narrowed from 289 to 264 in a single day.
Community News: Shiba Inu ecosytem's new meme coin Shifu has total supply of 100 billion tokens, with 30% allocated for a community airdrop. 
The other 40&nbsp;billion tokens will go to the "liquidity and public pre-sale" section, 20 billion will reach treasury, whereas 10 billion will fund marketing initiatives.&nbsp;
Lucie, Shiba Inu's marketing lead, <a href="https://x.com/LucieSHIB/status/1869045641693012378">highlighted</a> that the Shifu presale raised 1,023 ETH within 42 minutes, reflecting strong demand.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42514226/shiba-inu-burn-rate-surges-3609-as-dogecoin-whales-move-5-8-billion-doge-what-is-going-on">Shiba Inu Burn Rate Surges 3,609% As Dogecoin Whales Move 5.8 Billion DOGE: What Is Going On?</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$PEPE

$SHIB

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 4,766%: 'Patience Could Pay Off,' Trader Says

Stifel analyst Adam Borg maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy and raises the price target from $335 to $370.

CYBR

Stifel Maintains Buy on CyberArk Software, Raises Price Target to $370

Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) shares are trading lower on Wednesday following the announcement that it is pursuing strategic alternatives for its Powersports <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">product line within its Industrial segment.</a>
The decision comes as the consumer demand for powersports products continues to remain soft, per an exchange <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000217346/66610f37-e512-425a-9f5c-6043e7c8c7c5.pdf" rel="noreferrer noopener">filing</a>.
In response, Textron&#8217;s Textron Specialized Vehicles business will begin pausing production of its powersports products after completing limited production runs to fulfill customer commitments.
Production is expected to be paused indefinitely in the first half of 2025.
As part of this restructuring effort, Textron has increased its expected pre-tax special charges for its 2023 restructuring plan.
Originally expected to range between $165 million and $170 million, these charges will now range from $190 million to $205 million, reflecting contract termination costs related to the production pause.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/12/42556652/20-etfs-primed-for-unusually-big-swings-on-fed-meeting-days" rel="noreferrer noopener">20 ETFs Primed For Unusually Big Swings On Fed Meeting Days</a>
Additionally, the company anticipates incurring an inventory valuation charge of $30 million to $40 million to write down powersports inventory to its net realizable value.
This charge will reduce adjusted earnings per share for 2024 by approximately $0.12 to $0.16.
While announcing its third quarter results, Textron&nbsp;revised its 2024 adjusted earnings per share from continuing operations outlook to $5.40&nbsp;to&nbsp;$5.60, down from its previous&nbsp;outlook&nbsp;of&nbsp;$6.20&nbsp;to&nbsp;$6.40. Textron exited its third quarter with cash and equivalents of $1.289 billion and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41511859/textron-reports-third-quarter-2024-results" rel="noreferrer noopener"> inventories worth $4.410 billion</a>.
Price Action: TXT shares are trading lower by 2.98% to $77.68 at last check Wednesday.
Check Out:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42539116/fed-meetings-made-stock-traders-richer-in-2024-could-wednesday-bring-last-big-rally" target="_blank" rel="noreferrer noopener">Fed Meetings Made Stock Traders Richer In 2024: Could Wednesday Bring Last Big Rally?</a></li>
</ul>

Guidance

Textron Hits The Brakes On Powersports: Strategic Shift Amid Soft Demand

Stifel analyst Adam Borg maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and raises the price target from $375 to $400.

CRWD

Stifel Maintains Buy on CrowdStrike Holdings, Raises Price Target to $400

XCHG Shares Resume Trade Then Again Halted On Circuit Breaker To The Downside, Stock Now Down -84.2%

Stifel analyst Adam Borg maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Hold and raises the price target from $182 to $190.

CHKP

Stifel Maintains Hold on Check Point Software, Raises Price Target to $190

NVDA

Live On CNBC, Bill Baruch Announces Trimmed Nvidia Position By 20%

Arthur J. Gallagher & Co. Acquires Austin-Based DMc Insurance Partners To Expand Services; Financial Terms Not Disclosed

Betting On Corporate America To 'Muddle Through' Whatever Lies Ahead

ARDC: 9% Yield, Industry Outperformer

ARDC: Dynamic Approach To A High Yield

Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy

BGT: This Fund Will Likely Cut Its Distribution In The Near Future

Ares Dynamic Credit Allocation Fund declares $0.1175 dividend

WDI: Attractive Monthly Distribution, But Watching Coverage As Discount Narrows

XAI Octagon Floating Rate & Alternative Income Trust Makes Sense As Tactical Year-End Buy

KIO: Falling Floating-Rate Yields And Falling Bond Prices Spell Trouble

ASGI

Comments

Ares Dynamic Credit

Ares Dynamic Credit (ARDC) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga