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

Budweiser Brewing Co APAC (OTC:BDWBF) Stock, Option Chain

Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2023 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass and Harbin.

Asia

Markets

General

BDWBF

Key Takeaways:


	Budweiser APAC’s profit fell 15% in the first nine months of the year as its revenue in China fell 16.1% in the third quarter
	The mainstream beer maker’s efforts to develop higher-end products may be meeting with headwinds from increasingly cautious Chinese consumer


By Lau Chi Hang

Budweiser&#39;s China Glass Drains As Consumers Have Less To Toast

BUDWEISER BREWING CO by BUDWEISER BREWING CO APAC LTD.

Budweiser Brewing Co APAC Ltd

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Burlington Stores</strong>.</p>
<p>Looking at options history for Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) we detected 10 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 30% with bearish.</p>
<p>From the overall spotted trades, 4 are puts, for a total amount of $224,965 and 6, calls, for a total amount of $2,687,578.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $247.5 to $280.0 for Burlington Stores over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Burlington Stores options trades today is 406.43 with a total volume of 6,960.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Burlington Stores's big money trades within a strike price range of $247.5 to $280.0 over the last 30 days.</p>
<h3>Burlington Stores Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1732208641_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BURL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$22.7</td>
<td>$21.4</td>
<td>$22.09</td>
<td>$260.00</td>
<td>$1.4M</td>
<td align="right">900</td>
<td>674</td>
</tr>
<tr>
<td>BURL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$12.7</td>
<td>$11.6</td>
<td>$12.15</td>
<td>$280.00</td>
<td>$815.5K</td>
<td align="right">487</td>
<td>922</td>
</tr>
<tr>
<td>BURL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$12.2</td>
<td>$11.8</td>
<td>$11.8</td>
<td>$280.00</td>
<td>$295.0K</td>
<td align="right">487</td>
<td>250</td>
</tr>
<tr>
<td>BURL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$1.85</td>
<td>$1.75</td>
<td>$1.75</td>
<td>$260.00</td>
<td>$87.5K</td>
<td align="right">112</td>
<td>1.9K</td>
</tr>
<tr>
<td>BURL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$2.0</td>
<td>$1.8</td>
<td>$1.8</td>
<td>$260.00</td>
<td>$78.6K</td>
<td align="right">112</td>
<td>2.3K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Burlington Stores</h3>
<p>Burlington Stores Inc is off-price retailer offering an extensive selection of in-season, fashion-focused merchandise including: women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. Company sell a broad selection of desirable, first-quality, current-brand, labeled merchandise acquired directly from nationally recognized manufacturers and other suppliers. Company sell product in category such as Ladies apparel, Accessories and shoes, Home, Mens apparel, Kids apparel and baby and Outerwear.</p>
<h3>Where Is Burlington Stores Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 273,635, the BURL's price is up by 1.03%, now at $271.8. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 5 days.</li>
</ul>
<h3>What The Experts Say On Burlington Stores</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $280.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Burlington Stores with a target price of $280. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Burlington Stores options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

BURL

Burlington Stores's Options Frenzy: What You Need to Know

<p>Deep-pocketed investors have adopted a bullish approach towards Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JNJ usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Johnson &amp; Johnson. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 47% leaning bullish and 47% bearish. Among these notable options, 9 are puts, totaling $347,775, and 12 are calls, amounting to $492,730.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $165.0 for Johnson &amp; Johnson during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Johnson &amp; Johnson's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Johnson &amp; Johnson's substantial trades, within a strike price spectrum from $95.0 to $165.0 over the preceding 30 days.</p>
<h3>Johnson &amp; Johnson Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1732208636_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$22.6</td>
<td>$22.25</td>
<td>$22.25</td>
<td>$135.00</td>
<td>$100.1K</td>
<td>121</td>
<td>1.0K</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$22.5</td>
<td>$21.75</td>
<td>$22.35</td>
<td>$135.00</td>
<td>$84.8K</td>
<td>121</td>
<td>1.0K</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.19</td>
<td>$1.9</td>
<td>$1.92</td>
<td>$165.00</td>
<td>$58.8K</td>
<td>1.2K</td>
<td>307</td>
</tr>
<tr>
<td>JNJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.7</td>
<td>$9.2</td>
<td>$9.2</td>
<td>$160.00</td>
<td>$45.9K</td>
<td>935</td>
<td>157</td>
</tr>
<tr>
<td>JNJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.2</td>
<td>$8.4</td>
<td>$9.2</td>
<td>$160.00</td>
<td>$45.9K</td>
<td>935</td>
<td>157</td>
</tr>
</tbody>
</table>
</p>
<h3>About Johnson &amp; Johnson</h3>
<p>Johnson &amp; Johnson is the world's largest and most diverse healthcare firm. It has two divisions: pharmaceutical and medical devices. These now represent all of the company's sales following the divestment of the consumer business, Kenvue, in 2023. The drug division focuses on the following therapeutic areas: immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. Geographically, just over half of total revenue is generated in the United States.</p>
<p>After a thorough review of the options trading surrounding Johnson &amp; Johnson, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Johnson &amp; Johnson's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,352,484, the price of JNJ is up by 1.08%, reaching $154.77.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 62 days from now.</li>
</ul>
<h3>Expert Opinions on Johnson &amp; Johnson</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $176.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Wolfe Research downgraded its action to Outperform with a price target of $190.<br />
&#x2A; An analyst from Guggenheim persists with their Neutral rating on Johnson &amp; Johnson, maintaining a target price of $162. </p>
<p>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 Johnson &amp; Johnson with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Spotlight on Johnson & Johnson: Analyzing the Surge in Options Activity

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Morgan Stanley</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MS, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for <strong>Morgan Stanley</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 55% bullish and 22%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $264,770, and 8, calls, for a total amount of $422,923.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $145.0 for Morgan Stanley over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Morgan Stanley's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Morgan Stanley's significant trades, within a strike price range of $130.0 to $145.0, over the past month.</p>
<h3>Morgan Stanley Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1732208631_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.35</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$140.00</td>
<td>$264.7K</td>
<td align="right">306</td>
<td>320</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$2.39</td>
<td>$2.24</td>
<td>$2.37</td>
<td>$133.00</td>
<td>$118.4K</td>
<td align="right">225</td>
<td>2.0K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$2.46</td>
<td>$2.24</td>
<td>$2.33</td>
<td>$133.00</td>
<td>$81.7K</td>
<td align="right">225</td>
<td>1.5K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$2.02</td>
<td>$1.99</td>
<td>$1.99</td>
<td>$134.00</td>
<td>$53.3K</td>
<td align="right">533</td>
<td>783</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$4.7</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$130.00</td>
<td>$42.0K</td>
<td align="right">592</td>
<td>103</td>
</tr>
</tbody>
</table>
</p>
<h3>About Morgan Stanley</h3>
<p>Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments with approximately 45% of net revenue from its institutional securities business, 45% from wealth management, and 10% from investment management. About 30% of its total revenue is from outside the Americas. The company had over $5 trillion of client assets as well as around 80,000 employees at the end of 2023.</p>
<p>Having examined the options trading patterns of Morgan Stanley, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Morgan Stanley's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,855,277, with MS's price up by 2.64%, positioned at $135.17.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>What Analysts Are Saying About Morgan Stanley</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $142.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Wells Fargo has elevated its stance to Equal-Weight, setting a new price target at $142. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Morgan Stanley options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Morgan Stanley Unusual Options Activity For November 21

<p>Guggenheim  analyst Robert Drbul   maintains Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Buy and lowers the price target from $180 to $145.</p>


News

Price Target

Analyst Ratings

Guggenheim Maintains Buy on Target, Lowers Price Target to $145

<p>Raymond James  analyst John Freeman   maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Outperform and raises the price target from $58 to $62.</p>


VNOM

Raymond James Maintains Outperform on Viper Energy, Raises Price Target to $62

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Hims & Hers Launches Meal Replacement Bars And Shakes To Enhance Personalized Weight Loss Plans, Offering Comprehensive Nutrition Support For Customers Starting At $110/Month

<p><strong>Agrify Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) announced Thursday that is has secured a $25.9 million non-brokered private placement.</p>
<h3 class="wp-block-heading">What Happened</h3>
<p>The company said it has entered into securities purchase agreements with institutional and accredited investors in a non-brokered private placement priced at $22.30 per share.</p>
<p>The placement is set to close on Thursday, Nov. 21, subject to customary closing conditions.</p>
<p><strong>Benjamin Kovler, </strong>chairman and interim CEO, participated in the private placement to purchase 10,000 shares of common stock at $38.76.</p>
<p>The news comes on the heels of the company's board of directors having <a href="https://www.benzinga.com/markets/cannabis/24/11/41760263/marijuana-growing-solution-provider-agrify-gets-20m-boost-from-green-thumb-to-power-up-cannabis-">approved</a> a $20 million convertible secured note. Of that sum $10 million will be drawn upon at closing, from a wholly-owned subsidiary of Green Thumb Industries Inc., Agrify said in a press release.</p>
<p>Before this, the Green Thumb subsidiary acquired an ownership stake in Agrify through the purchase of common stock and warrants from its outgoing chairman and CEO <strong>Raymond Chang </strong>and outgoing director<strong> I-Tseng Jenny Chan.</strong></p>
<p><strong>Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38876948/cannabis-cultivation-solutions-provider-agrify-and-californias-natures-miracle-sign-definitive-m">Cannabis Cultivation Solutions Provider Agrify And California&#8217;s Nature&#8217;s Miracle Sign Definitive Merger Deal</a></strong></p>
<h3 class="wp-block-heading">Why It Matters</h3>
<p>Agrify plans to use the proceeds from the private placement for general corporate purposes, including, among other things, working capital and business development. It intends to allocate capital to opportunities in the cannabis and hemp industries.</p>
<p>"This funding is a strong move for Agrify and our shareholders as we were able to raise approximately $26 million in a non-brokered deal (gross equals net)," Kovler said. "We plan to allocate this capital into opportunities within our circle of competence to benefit stockholders. We are excited about the opportunity set and current consumer trends in cannabis and hemp. The team continues to work hard to close the previously announced Señorita transaction, and it remains on track for closing at or around year-end."</p>
<p>Agrify reported its third quarter 2024 financial results on Nov. 14, revealing a $1.9 million revenue, down from $3.1 million a year ago. The company posted a net loss of $18.6 million, largely driven by a $15 million change in the <a href="https://www.benzinga.com/news/earnings/24/11/41998220/agrifys-q3-revenue-drop-18-6m-loss-amid-new-leadership">fair value of warrant liabilities.</a></p>
<h3 class="wp-block-heading">AGFY Price Action</h3>
<p>Agrify's shares traded 25.15% lower at $29.01 per share at the time of writing on Thursday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39271387/cannabis-cultivation-solutions-provider-agrify-announces-500k-turnkey-extraction-equipment-deal-"><strong>Cannabis Cultivation Solutions Provider Agrify Announces $500K Turnkey Extraction Equipment Deal With This NJ Co.</strong></a></li>
</ul>


Cannabis

Financing

AGFY

NASDAQ-Traded Cannabis Co. Agrify Secures $25.9M Via Private Placement, Here's How They'll Spend It

<p>Guggenheim  analyst Joseph Osha   maintains Shoals Technologies Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) with a Buy and lowers the price target from $8 to $7.</p>


SHLS

Guggenheim Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $7

<p>Raymond James  analyst Brian Peterson   maintains Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) with a Outperform and raises the price target from $41 to $55.</p>


GLBE

Raymond James Maintains Outperform on Global E Online, Raises Price Target to $55

<p>U.S. natural gas prices are on fire this month, surging by about 50% to reach $3.40 per million British thermal units as of Nov. 21, the highest level <a href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine">in over a year.</a></p>
<p>November is poised to mark the strongest surge in natural gas at the Henry Hub pricing point since July 2022, fueled by heightened geopolitical tensions, unseasonably cold U.S. weather and rising export demand.</p>
<p>For investors, this sharp price rebound has cast a spotlight on natural gas stocks poised to benefit from the renewed momentum in the natural gas markets.</p>
<h1 class="wp-block-heading"><strong>Why Are Natural Gas Prices Spiking?</strong></h1>
<p>The price rally has been driven by a combination of factors:</p>
<ul>
<li><strong>Plunging Temperatures Across the U.S.</strong>: After a relatively warmer-than-average start to the winter, the situation has drastically changed over the past few weeks. The National Oceanic and Atmospheric Administration forecasts the first major snowfall of the season for parts of the central and northern Appalachians, with lower elevations in Pennsylvania and New York also bracing for accumulation. This colder weather has pushed demand for heating sharply higher.</li>
<li><strong>Geopolitical Tensions Between Russia and Ukraine</strong>: Russia's launch of an intercontinental ballistic missile on Thursday, combined with Ukraine&#8217;s recent use of Western-made missiles to target Russian territory, has added a geopolitical risk premium to natural gas markets.</li>
<li><strong>Supply Concerns in Europe</strong>: Austria&#8217;s OMV Group revealed earlier this month that it will stop receiving natural gas volumes from Russia&#8217;s Gazprom, reigniting fears of winter supply shortages in Europe and potentially shifting demand to the U.S. for liquefied natural gas (LNG) exports.</li>
</ul>
<h1 class="wp-block-heading"><strong>7 Natural Gas Stocks Benefiting From The Rally</strong></h1>
<p>As natural gas prices rally, several U.S. energy companies stand to gain from higher commodity prices and increased demand. Here are seven stocks to watch:</p>
<h4 class="wp-block-heading">1.<strong> EQT Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</h4>
<p>EQT is the largest natural gas producer in the U.S., with operations in the Appalachian Basin. The company benefits directly from higher domestic gas prices.</p>
<p>Shares of EQT Corp. are up 30% month-to-date, on track for their strongest performing month since March 2022. </p>
<h4 class="wp-block-heading">2.<strong> ONEOK, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>)</h4>
<p>As a midstream operator, ONEOK processes and transports natural gas, profiting from higher pipeline volumes as demand increases.</p>
<p>Shares of ONEOK Inc. are up 19.6% in November, eyeing their best monthly performance since November 2020. </p>
<h4 class="wp-block-heading">3. <strong>Targa Resources Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>)</h4>
<p>Targa specializes in natural gas gathering and processing, positioning it to benefit from both domestic demand and export growth.</p>
<p>Targa shares have rallied 24% this month, on track to notch the 10th straight positive month and the strongest one in four years.</p>
<h4 class="wp-block-heading">4. <strong>Kinder Morgan, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h4>
<p>One of the largest pipeline operators in the U.S., Kinder Morgan&#8217;s infrastructure is critical for natural gas transportation across regions.</p>
<p>Kinder Morgan has seen its stock rally 16% in November, potentially positioned for the best month since November 2020. </p>
<h4 class="wp-block-heading">5. <strong>Antero Resources Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>)</h4>
<p>Focused on natural gas and liquids production, Antero Resources has significant exposure to the Appalachia region, where colder weather is driving demand.</p>
<p>Shares of Antero Resources have soared 32% month-to-date, following a 9.7% drop in October. </p>
<h4 class="wp-block-heading">6. <strong>Cheniere Energy, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>)</h4>
<p>As the top exporter of liquefied natural gas from the U.S., Cheniere benefits from global demand for natural gas, particularly in Europe.</p>
<p>Cheniere Energy has gained 16% thus far this month. </p>
<h4 class="wp-block-heading">7. <strong>Williams Companies, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>)</h4>
<p>Williams operates natural gas infrastructure and transmission pipelines, playing a vital role in connecting supply to end markets.</p>
<p>Shares are up 13.6% in November, following a 14.7% surge in October. </p>
<h1 class="wp-block-heading"><strong>Chart: US Natural Gas Stocks Rallied In November</strong></h1>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221-1024x501.png" alt="" class="wp-image-659155" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221-1536x752.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21105956/image-221.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<h1 class="wp-block-heading"><strong>EIA Natural Gas Outlook: Winter Demand and LNG Exports To Support Prices</strong></h1>
<p>The EIA's latest <strong>Short-Term Energy Outlook </strong>(STEO) is bullish about near-term natural price gains, supported by robust winter demand and growing LNG exports.</p>
<p>With colder-than-expected weather forecasted for the season, the EIA has increased its consumption estimates, particularly in residential and commercial sectors where heating needs dominate. Residential and commercial demand is now expected to average 36 billion cubic feet per day (Bcf/d), representing a 4% increase from last winter.</p>
<p>In 2025, U.S. marketed natural gas production is projected to grow by 1%, with the Permian Basin leading the way with a 6% increase, followed by a 5% rise in output from the Eagle Ford region. </p>
<p>The EIA anticipates Henry Hub natural gas prices — as tracked by the <strong>United States Natural Gas Fund LP</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>) – to climb steadily in early 2025, averaging $2.80 per million British thermal units in the first quarter and $2.90/MMBtu for the entire year. This represents a significant 33% increase compared to the 2024 average of $2.20/MMBtu.</p>
<p>Liquefied natural gas exports are expected to play a critical role in driving demand next year, with exports projected to increase by nearly 2 Bcf/d in 2025. The growth in LNG capacity, coupled with sustained international demand, further strengthens the outlook for higher natural gas prices in the coming year.</p>
<h1 class="wp-block-heading"><strong>Goldman Sachs Natural Gas Outlook: $4.00 Delayed Until 2026</strong></h1>
<p>Goldman Sachs offers a more cautious perspective on natural gas prices, citing delays in the construction and operation of new LNG export facilities across the Americas.</p>
<p>According to analyst <strong>Samantha Dart</strong>, these delays are expected to soften the trajectory of U.S. natural gas price increases and could hinder Europe's ability to replenish its gas storage levels for the 2025 season.</p>
<p>Goldman Sachs revised its 2025 Henry Hub price forecast downward to $3/MMBtu, from a previous estimate of $3.40/MMBtu.</p>
<p>The bank also pushed its projection for U.S. natural gas prices to hit $4/MMBtu to 2026, postponing it from the fourth quarter of 2025. </p>
<p>The firm indicates that while slower U.S. LNG export growth might ease domestic price pressures temporarily, it poses challenges for Europe, which will have fewer LNG cargoes at its disposal to fill storage next summer. </p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/24/11/42112078/international-criminal-court-issues-arrest-warrants-for-netanyahu-gallant">International Criminal Court Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Gallant For War Crimes</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Equities

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TRGP

7 US Natural Gas Stocks To Watch As Henry Hub Prices Surge 50% In November

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Short Sellers

RBLX

Watching Roblox; Shares See A Spike In Volume To The Downside, Traders Circulate Report From HunterBrook Research

WIIM

GOOG

GOOGL

Alphabet shares are trading lower after the U.S. Department of Justice demanded that Google divest its Chrome browser.

IGIC

International General Insurance shares are trading higher after Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $130 price target.

Transdigm shares are trading lower following a report from The Bear Cave

<p>Raymond James  analyst John Freeman   maintains Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) with a Strong Buy and raises the price target from $19 to $20.</p>


CRGY

Raymond James Maintains Strong Buy on Crescent Energy, Raises Price Target to $20

DT Midstream shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $90 to $115.

<p>TD Cowen  analyst J. Derrick Wood   maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Hold and raises the price target from $290 to $340.</p>


TD Cowen Maintains Hold on Salesforce, Raises Price Target to $340

<p>Raymond James  analyst John Freeman   maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Strong Buy and raises the price target from $156 to $167.</p>


Raymond James Maintains Strong Buy on EOG Resources, Raises Price Target to $167

<p>On Thursday, <strong>Reddit, Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) is facing service disruptions again. This outage stems from an HTTP error, <a target="_blank" href="https://techcrunch.com/2024/11/21/reddit-is-down-again/" rel="noreferrer noopener">as per</a> TechCrunch.</p>
<p>On Wednesday, Reddit experienced <a target="_blank" href="https://www.benzinga.com/24/11/42112567/reddit-resolves-major-service-disruption-heres-what-happened" rel="noreferrer noopener">an afternoon outage</a> that disrupted its services. The company resolved the issue later in the evening.</p>
<p>The reported issues on Thursday peaked at close to 72,000 at 10:05 am&nbsp;ET, as per <a target="_blank" href="https://downdetector.com/status/reddit/" rel="noreferrer noopener">Downdetector</a>.</p>
<p>According to Downdetector, around 44% of the reported issues were related to website malfunctions, 52% to the app, and 5% to server connections.</p>
<p>Reddit&#8217;s <a target="_blank" href="https://www.redditstatus.com/" rel="noreferrer noopener">status page</a> mentioned degraded performance for reddit.com and said it is currently investigating a problem with its site at 7:51 am PT (or 10:51 am ET).</p>
<p>The company claimed to have identified the issue and is implementing repairs at 8:15 am PT (or 11:15 am ET). At 8:19 am&nbsp;PT (or 11:19 am ET), the company notified that it had fixed the problem and had returned to regular operation.</p>
<p><strong>Price Action:&nbsp;</strong>RDDT stock traded higher by 8.38% to $147.69 at the last check on Thursday.</p>
<p><strong>Also Read:</strong></p>
<ul>
<li><strong><em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42096308/werides-robotaxi-and-partnerships-are-key-growth-drivers-for-global-expansion-analyst" target="_blank" rel="noreferrer noopener">WeRide&#8217;s Robotaxi And Partnerships Are Key Growth Drivers For Global Expansion: Analyst</a></em></strong></li>
</ul>
<p><em>Photo via Shutterstock</em></p>


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Reddit Suffers Second Disruption In Two Days

<p>Citron Research&#8217;s <strong>Andrew Left</strong> believes the run in shares of <strong>MicroStrategy Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is not going to end well in the near term, and he&#8217;s putting his <a href="https://www.benzinga.com/topic/andrew-left">money where his mouth is</a>.</p>
<p><strong>What To Know:</strong> Left on Thursday announced a new short position in software firm turned <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holding company MicroStrategy, despite <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38883691/exclusive-first-he-bet-against-gamestop-now-andrew-left-is-long-bitcoin-short-ether">remaining bullish</a> on the trajectory of Bitcoin.</p>
<p>&#8220;$MSTR's volume has completely detached from BTC fundamentals,&#8221; the short seller said in a <a href="https://x.com/CitronResearch/status/1859608654590202325">post</a> on X. </p>
<p>Benzinga has reached out to MicroStrategy for comment. </p>
<p>Left noted in the post that his firm was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/11/18516934/citron-long-on-bitcoin-says-microstrategy-is-best-investment-route?utm_source=chatgpt.com">bullish on MicroStrategy in 2020</a> when the stock was trading below $250 per share on a pre-split basis. He predicted at the time that MicroStrategy shares could hit $700.</p>
<p>&#8220;Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted) &#8230; while Citron remains bullish on Bitcoin, we've hedged with a short <a href="https://x.com/search?q=%24MSTR&amp;src=cashtag_click">$MSTR</a> position,&#8221; Left said. &#8220;Much respect to <a href="https://x.com/saylor">@saylor</a>, but even he must know <a href="https://x.com/search?q=%24MSTR&amp;src=cashtag_click">$MSTR</a> is overheated.&#8221;</p>
<p><strong>From Earlier This Year: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38883691/exclusive-first-he-bet-against-gamestop-now-andrew-left-is-long-bitcoin-short-ether">EXCLUSIVE: First He Bet Against GameStop, Now Andrew Left Is &#8216;Long Bitcoin… Short Ether&#8217;</a></strong></p>
<p>Left isn&#8217;t alone in thinking the recent surge in MicroStrategy shares won&#8217;t last. Seabreeze Capital Partners&#8217; <strong>Doug Kass</strong> <a href="https://x.com/DougKass/status/1859611593186709725">announced</a> a short position in MicroStrategy from $533.78 Thursday morning. At the time of writing, Kass had already covered at least 75% of the initial short. He closed half of his short position at $468 and another quarter of his initial position at $429.10. </p>
<p>MicroStrategy shares have accelerated to the upside in recent weeks as the company continues to execute on its strategy to accumulate billions of dollars of Bitcoin. The company announced plans at the end of October to raise $42 billion over the next three years to keep buying Bitcoin.</p>
<p>MicroStrategy held a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per&nbsp;coin as of Nov. 17.</p>
<p><strong>MSTR Price Action:</strong> <a href="http://benzinga.com/quote/mstr">MicroStrategy shares</a> were trading above $540 in pre-market trading Thursday morning. The stock pulled back at the open and continued to move lower after Left announced his short position. MicroStrategy shares were up 0.8% at $477.95 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.</p>
<p><em>Photo: Shutterstock.</em></p>


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