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

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BioQuest Corp. (PINK: BQST) is poised to list on the OTCQB market in the coming weeks.

BioQuest To List On OTCQB Market, Plans To Target Nutraceutical Cannabis Companies

BioQuest Corp

Berry Global Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) shares are trading lower on Tuesday. On Monday, the company disclosed an agreement to sell its Specialty Tapes business to Nautic Partners, LLC, for around $540 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42179476/berry-global-announces-agreement-to-sell-specialty-tapes-business-to-nautic-partners" rel="noreferrer noopener">subject to closing adjustments</a>.
The divestment aligns with its strategy of focusing on higher-growth, consumer-oriented markets. The company plans to use proceeds from the sale to reduce debt.
The sale is expected to close in the first half of 2025, subject to customary closing conditions.
Including the cash received from its recent HHNF spin-off and the Tapes sale, Berry's pro forma net debt as of September 30, 2024, is expected to be approximately $5.9 billion, representing a 3.5x LTM net leverage ratio.
Berry CEO, Kevin Kwilinski, said, &#8220;Over the past year, Berry has undergone a significant transformation, completing the spin-off of our HHNF business, enhancing our product mix and optimizing our portfolio. The sale of Tapes further supports these efforts and the continued focus on our high-growth consumer portfolio.&#8221;
This month, Berry Global agreed to merge&nbsp;with Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) in an all-stock transaction, with the deal valuing Berry&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/42069248/amcor-and-berry-seal-the-deal-73-59-per-share-merger-to-forge-packaging-powerhouse" rel="noreferrer noopener">stock at $73.59 per share</a>.
The companies anticipate a $650 million benefit from synergies by the end of year three, including $530 million in annual pre-tax cost savings, $60 million in financial savings, and $60 million from growth synergies.
Berry Global&nbsp;noted the sale of the Tapes business further reinforces the strategic rationale for the combination and has no material impact on the financial profile of the combined entity.
Price Action: BERY shares are down 1.47% at $70.50 at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/commodities/24/11/42147945/deal-dispatch-starbucks-considers-china-sale-private-equity-bankrupts-snack-company-darwin-financial-talks-mining" target="_blank" rel="noreferrer noopener">Deal Dispatch: Starbucks Considers China Sale, Private Equity Bankrupts Snack Company, Darwin Financial Talks Mining</a></li>
</ul>

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BERY

Merger-Bound Berry Global Agrees To Divest Specialty Tapes Unit For ~$540M

Management

Trading Ideas

Live On CNBC, Abercrombie & Fitch CEO Fran Horowitz  Discusses Q3 Results, Retail Sector, Growth Outlook

RBC Capital analyst Biraj Borkhataria maintains Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) with a Sector Perform and lowers the price target from $120 to $115.

Price Target

Analyst Ratings

RBC Capital Maintains Sector Perform on Exxon Mobil, Lowers Price Target to $115

<a href="https://www.benzinga.com/topic/dmt">DMT</a>, or dimethyltryptamine, has intrigued researchers and psychedelic enthusiasts for its profound effects on consciousness. Known for inducing otherworldly visions, from &#8220;machine elves&#8221; to mystical figures, some scientists now propose that DMT may play a key role in extraordinary experiences like vivid dreams, near-death encounters and spiritual awakenings. 
<h3 class="wp-block-heading">DMT: A Naturally Occurring Substance In Humans</h3>
DMT is a naturally occurring compound found in plants, animals and humans. First identified in humans in the 1950s, it gained attention in the 1990s through <a href="https://www.benzinga.com/markets/cannabis/20/12/18522764/more-real-than-real-a-psychiatrist-discusses-dmt">Rick Strassman</a>'s research, where he coined the term ‘the spirit molecule' in <a href="https://psychiatryonline.org/doi/10.1176/appi.ajp.159.8.1448">his 2000 book</a>. Strassman proposed that DMT could induce spiritual experiences and might be produced by the <a href="https://en.wikipedia.org/wiki/File:Pineal_gland.png">pineal gland</a>. While found in the pineal gland of rats, in humans, DMT is only detectable in urine, blood and cerebrospinal fluid, making it difficult to study.
Strassman's theory, as Double Blind <a href="https://doubleblindmag.com/our-brains-make-dmt/">reports</a>, proposed that DMT could be responsible for the vivid visions and transcendental experiences often associated with both near-death encounters and extreme psychological states. &#8220;When Strassman called DMT ‘the spirit molecule,' he meant it rather literally: Its function in the brain, he argued, is simply to elicit psychological states that we call spiritual,&#8221; <a href="https://www.vox.com/the-highlight/379914/dmt-psychedelics-drug-neuroscience-consciousness-ayahuasca">wrote</a> journalist Oshan Jarow in Vox.
<h3 class="wp-block-heading">DMT And Near-Death Experiences</h3>
One of the most compelling aspects of DMT research is its potential connection to <a href="https://www.benzinga.com/markets/cannabis/24/08/40528986/psychedelic-trips-resemble-near-death-experiences-new-study-shows-what-does-it-mean">near-death experiences</a>. A 2019 study found that DMT levels spike in rat brains during cardiac arrest, suggesting it may play a role in the vivid, transformative experiences reported during near-death encounters. This has led some researchers to speculate that DMT's release during extreme stress could trigger the mystical visions often experienced in such situations.
Dr. Ede Frecska, a researcher from the University of Debrecen in Hungary, proposed that DMT could be released in response to the brain's need to preserve itself during near-death situations. "Extrapolating from this finding, one might be tempted to hypothesize that this sudden flood of DMT may provoke the mystical encounters on the border between life and death," Frecska wrote in his work with Strassman.
While this hypothesis remains speculative, it is part of a broader effort to understand how DMT could influence human consciousness during moments of extreme distress or transition.
<h3 class="wp-block-heading">DMT And Dream States</h3>
In addition to its connection with near-death experiences, DMT's potential role in dreams has also intrigued researchers. Some believe it could explain the vivid, spiritual quality of dreams. A 2018 <a href="https://cosmosandhistory.org/index.php/journal/article/view/734/1200">study</a> published in The Journal of Natural and Social Philosophy suggests DMT may be released during sleep, making dreams feel more real. Its small molecular structure allows it to cross the blood-brain barrier, altering perception and possibly contributing to closed-eye visions or hallucinations in darkness or sensory deprivation.
<h3 class="wp-block-heading">The Elusive Nature Of DMT Research</h3>
Despite the growing interest in DMT, much about the molecule remains a mystery. While researchers have identified the necessary enzymes for DMT synthesis in the brain, its exact role in human consciousness is still unclear. As neuroscientist Jimo Borjigin from the University of Michigan noted, "We know nothing—seriously!—about the role of endogenous DMT." The challenges of studying DMT, particularly because it is quickly metabolized in the body, have made it difficult to draw definitive conclusions.
While early research raised concerns about a potential link between elevated DMT levels and psychiatric conditions like schizophrenia, studies have since debunked this theory. "If you've got really high levels of psychedelics that your body is making, maybe that's conferring hallucinations and delusions," <a href="https://lettersandsciencemag.ucdavis.edu/feature/exploring-psychedelics-within-us">said</a> Cassandra Hatzipantelis, a postdoctoral fellow at the UC Davis Institute for Psychedelics and Neurotherapeutics. "But they found no correlation between schizophrenia patients and endogenous psychedelic levels, and it was all thrown out."
As research continues, scientists are beginning to uncover the potential roles of DMT in human consciousness. Whether it's playing a part in near-death experiences, enhancing the quality of dreams, or facilitating profound spiritual experiences, DMT's influence on the brain is a subject of growing interest.
Cover image made with AI

Psychedelics

DMT: The Hidden 'Spirit Molecule' Within Your Body

B of A Securities analyst Nikolay Beliov maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Neutral and raises the price target from $75 to $90.

B of A Securities Maintains Neutral on Zoom Video Comms, Raises Price Target to $90

Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) is set to release its third-quarter earnings during Tuesday&#8217;s after-hours session following a strong second quarter performance marked by record sales and <a href="https://www.benzinga.com/news/earnings/24/08/40511659/these-analysts-slash-their-forecasts-on-urban-outfitters-following-q2-results">earnings</a> that surpassed expectations. 
What To Know: In the second quarter, the company reported earnings of $1.24 per share, beating the consensus estimate of $1.01 by 22.77%, and achieved record quarterly sales of $1.35 billion, up 6.13% year-over-year.
Growth in the second quarter was driven by a 3.1% increase in total Retail segment net sales, with comparable sales rising 2% as both digital and retail store sales posted low single-digit gains. Free People and Anthropologie were standouts, with comparable sales growth of 7.1% and 6.7%, respectively, offsetting a 9.3% decline in the Urban Outfitters brand.
Read Also: <a href="https://www.benzinga.com/24/11/42188915/kohls-q3-misses-the-mark-weak-sales-and-ceo-shake-up-send-shares-down">Kohl&#8217;s Q3 Misses The Mark: Weak Sales And CEO Shake-Up Send Shares Down</a>
The Nuuly rental business surged, with segment sales up 62.6%, propelled by a 55% increase in active subscribers. Wholesale sales also grew 15.1%, led by Free People's 17.5% increase in department and specialty store partnerships.
For the third quarter, investors may focus on whether Urban Outfitters can sustain its momentum, particularly in the outperforming Free People and Anthropologie brands, and continue scaling Nuuly's success.
Challenges in the Urban Outfitters brand and any potential macroeconomic headwinds affecting consumer spending will also be key considerations. Third quarter results will be pivotal as the company seeks to maintain its upward trajectory and profitability across all segments.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/42188320/best-buy-says-q3-sales-little-softer-than-expected-on-lower-demand-for-appliances-and-gaming-trims-annual-forecast">Best Buy Says Q3 Sales &#8216;Little Softer Than Expected&#8217; On Lower Demand For Appliances And Gaming, Trims Annual Forecast</a>
<h2 class="wp-block-heading">Is URBN A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/URBN">Urban Outfitters</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Urban Outfitters does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 8.66%, you'll need to buy a share of Manhattan Bridge Capital by the Dec. 31, 2024. Once done, you can expect to receive a nominal payout of $0.12 on Jan. 15, 2025.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/URBN">Urban Outfitters</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, URBN has a 52-week high of $48.89 and a 52-week low of $32.02.

URBN

Urban Outfitters Q3 Preview: Can Record Growth Continue After Strong Q2 Earnings?

B of A Securities analyst Sabrina Abrams upgrades Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) from Neutral to Buy and raises the price target from $285 to $315.

Upgrades

B of A Securities Upgrades Applied Industrial Techs to Buy, Raises Price Target to $315

Wells Fargo analyst Ike Boruchow maintains Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) with a Equal-Weight and raises the price target from $32 to $38.

BBWI

Wells Fargo Maintains Equal-Weight on Bath & Body Works, Raises Price Target to $38

Financial giants have made a conspicuous bullish move on Best Buy Co. Our analysis of options history for Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $184,724, and 7 were calls, valued at $343,144.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $90.0 for Best Buy Co over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Best Buy Co options trades today is 158.14 with a total volume of 15,865.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Best Buy Co's big money trades within a strike price range of $75.0 to $90.0 over the last 30 days.
<h3>Best Buy Co Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732637791_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$85.00</td>
<td>$91.9K</td>
<td align="right">91</td>
<td align="right">3</td>
</tr>
<tr>
<td>BBY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$5.75</td>
<td>$3.55</td>
<td>$4.38</td>
<td>$90.00</td>
<td>$76.6K</td>
<td align="right">585</td>
<td align="right">177</td>
</tr>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$2.49</td>
<td>$1.05</td>
<td>$1.5</td>
<td>$88.00</td>
<td>$60.0K</td>
<td align="right">120</td>
<td align="right">518</td>
</tr>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$19.85</td>
<td>$16.25</td>
<td>$19.8</td>
<td>$75.00</td>
<td>$59.4K</td>
<td align="right">6</td>
<td align="right">30</td>
</tr>
<tr>
<td>BBY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.4</td>
<td>$9.35</td>
<td>$9.4</td>
<td>$87.50</td>
<td>$48.9K</td>
<td align="right">87</td>
<td align="right">672</td>
</tr>
</tbody>
</table>

<h3>About Best Buy Co</h3>
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
<h3>Present Market Standing of Best Buy Co</h3>
<ul>
<li>Currently trading with a volume of 4,544,823, the BBY's price is down by -8.23%, now at $85.37. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>Expert Opinions on Best Buy Co</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $113.0.
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 Citigroup continues to hold a Buy rating for Best Buy Co, targeting a price of $109. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Best Buy Co, maintaining a target price of $117. 
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 Best Buy Co with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Best Buy Co's Options Frenzy: What You Need to Know

Wells Fargo analyst Jonathan Reeder maintains TXNM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXNM#NYSE">TXNM</a>) with a Overweight and raises the price target from $49 to $53.

TXNM

Wells Fargo Maintains Overweight on TXNM Energy, Raises Price Target to $53

Deep-pocketed investors have adopted a bearish approach towards Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</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 UPST usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for Upstart Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 28% leaning bullish and 40% bearish. Among these notable options, 2 are puts, totaling $60,300, and 23 are calls, amounting to $1,348,331.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $100.0 for Upstart Hldgs over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Upstart Hldgs stands at 2463.62, with a total volume reaching 4,282.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Upstart Hldgs, situated within the strike price corridor from $20.0 to $100.0, throughout the last 30 days.
<h3>Upstart Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732637787_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$25.8</td>
<td>$23.8</td>
<td>$24.77</td>
<td>$75.00</td>
<td>$186.0K</td>
<td align="right">252</td>
<td align="right">76</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$9.2</td>
<td>$8.9</td>
<td>$8.9</td>
<td>$70.00</td>
<td>$174.4K</td>
<td align="right">961</td>
<td align="right">5</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$30.3</td>
<td>$29.25</td>
<td>$29.97</td>
<td>$57.50</td>
<td>$119.8K</td>
<td align="right">157</td>
<td align="right">120</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$29.75</td>
<td>$29.35</td>
<td>$29.55</td>
<td>$57.50</td>
<td>$118.2K</td>
<td align="right">157</td>
<td align="right">80</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.2</td>
<td>$9.75</td>
<td>$9.7</td>
<td>$74.00</td>
<td>$96.9K</td>
<td align="right">178</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Upstart Hldgs</h3>
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.
Having examined the options trading patterns of Upstart Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Upstart Hldgs</h3>
<ul>
<li>With a trading volume of 1,699,843, the price of UPST is up by 0.13%, reaching $79.62.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 77 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 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 Upstart Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

UPST

Upstart Hldgs Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish stance on Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</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 V, 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 8 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 12%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $295,265, and 2 are calls, for a total amount of $63,715.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $320.0 for Visa, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Visa stands at 219.0, with a total volume reaching 772.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Visa, situated within the strike price corridor from $300.0 to $320.0, throughout the last 30 days.
<h3>Visa Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732637782_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>V</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$13.5</td>
<td>$12.95</td>
<td>$13.26</td>
<td>$320.00</td>
<td>$65.2K</td>
<td align="right">250</td>
<td align="right">141</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$13.75</td>
<td>$13.3</td>
<td>$13.51</td>
<td>$320.00</td>
<td>$60.7K</td>
<td align="right">250</td>
<td align="right">46</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$13.65</td>
<td>$12.9</td>
<td>$13.32</td>
<td>$320.00</td>
<td>$59.9K</td>
<td align="right">250</td>
<td align="right">91</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$13.9</td>
<td>$13.25</td>
<td>$13.45</td>
<td>$320.00</td>
<td>$55.1K</td>
<td align="right">250</td>
<td align="right">182</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$14.45</td>
<td>$14.3</td>
<td>$14.3</td>
<td>$310.00</td>
<td>$35.7K</td>
<td align="right">278</td>
<td align="right">25</td>
</tr>
</tbody>
</table>

<h3>About Visa</h3>
Visa is the largest payment processor in the world. In fiscal 2023, it processed almost $15 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.
<h3>Current Position of Visa</h3>
<ul>
<li>With a volume of 960,207, the price of V is up 0.07% at $313.39. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<h3>What Analysts Are Saying About Visa</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $322.4.
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&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Visa, targeting a price of $326. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Visa, maintaining a target price of $347. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Visa, targeting a price of $322. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Visa with a target price of $292. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on Visa, maintaining a target price of $325. 
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Behind the Scenes of Visa's Latest Options Trends

RBC Capital analyst Tom Narayan reiterates Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Sector Perform and maintains $11 price target.

Reiteration

MBLY

RBC Capital Reiterates Sector Perform on Mobileye Global, Maintains $11 Price Target

Thanksgiving 2024 is shaping up to bring warm gatherings, hearty meals and some relief for household budgets. The cost of a <a href="https://www.benzinga.com/personal-finance/24/11/41850076/warren-buffett-jokes-hed-be-eating-thanksgiving-dinner-at-mcdonalds-if-it-wasnt-for-uncle-sam-stepping-up">traditional Thanksgiving meal</a> for 10 is projected to be $58.08 this year, according to the American Farm Bureau Federation (AFBF). That's a 5% decrease from 2023 and a 9% drop from the record highs of 2022.&nbsp;
The main driver behind this welcome reduction? Declining turkey prices.
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Turkey prices have decreased notably this year, with some retailers reporting prices down 20% compared to recent years. For example, butterball turkeys are $1.99 per pound, down from $2.69 per pound in 2023. Major retailers like <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42106249/target-says-shoppers-wait-for-deals-a-day-after-rival-walmart-credits-market-gains-to-wealthy-households-tgt-edges-up-marginally-in-thursday-premarket">Walmart and Target</a> are offering similar discounts.&nbsp;
Over the last couple of years, outbreaks of bird flu disrupted turkey production and drove up prices. In 2024, the disease has had a smaller impact, leading to increased availability of turkeys and lower prices for consumers.&nbsp;
Despite the supply rebound, U.S. turkey production is still down by about 6% from 2023, the lowest level since 1985, according to AFBF. However, decreased consumer demand for turkey has balanced out this drop in production, helping keep prices low.&nbsp;
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The AFBF's calculation of the $58.08 meal includes classic Thanksgiving staples like turkey, dinner rolls, stuffing, frozen peas, sweet potatoes, fresh cranberries, celery, carrots, pumpkin pie mix with crusts, whipping cream and whole milk. Turkey accounts for 44% of the total meal cost, so reduced prices for this single item significantly impact the overall cost of the meal.&nbsp;
Adding items like ham, russet potatoes and frozen green beans raises the total meal cost to $77.34 for those who like more variety. Even with the expanded menu, this is still 8% cheaper than last year.&nbsp;
Even though turkey prices are declining, not all holiday staples follow the trend. Processed foods like dinner rolls and cubed stuffing have increased by over 8% compared to last year, primarily due to rising labor and supply chain costs. Cranberry sauce has also seen a price jump, with some cans now costing $1.99 compared to $1.49 in 2023.
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To further reduce their Thanksgiving grocery expenditures, shoppers can opt for store-brand products, which can save an average of $17 compared to name-brand items, according to a Wells Fargo analysis. However, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42101690/amazon-remains-best-idea-in-e-commerce-this-holiday-season-jpmorgan-analyst-says">price-conscious consumers</a> should still compare labels, as some name-brand products, like cranberries, may be cheaper than their store-brand counterparts this year.
Even with this year's price drop, Thanksgiving meals are still 19% more expensive than in 2019. Food inflation, driven by the pandemic, supply chain disruptions and global events like Russia's invasion of Ukraine, continues to influence prices across the board.
Still, the overall decline in food inflation is a positive development for households. For the 44% of Americans concerned about the cost of hosting <a href="https://www.benzinga.com/general/entertainment/24/11/42123085/wicked-gladiator-ii-moana-2-could-break-thanksgiving-weekend-box-office-stocks-to-watch">Thanksgiving</a>, the 2024 price trends provide some financial breathing room for the holiday season.
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Thanksgiving Feast For 10 Expected To Cost $58 In 2024: A 5% Drop Driven By Falling Turkey Prices

Baird analyst Richard Eastman maintains Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) with a Outperform and raises the price target from $290 to $305.

Baird Maintains Outperform on Rockwell Automation, Raises Price Target to $305

U.S. stocks were mixed, with the Dow Jones index falling more than 200 points on Tuesday.
Shares of The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) rose sharply during Tuesday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance with its <a href="https://www.benzinga.com/news/earnings/24/11/42189572/j-m-smucker-q2-earnings-beat-17-sales-surge-fy25-eps-outlook-boost-more">midpoint above estimates.</a>
Smucker shares surged 6.2% to $120.60 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) shares jumped 59% to $7.55 after the company reported better-than-expected third-quarter sales results.</li>
<li>Embecta Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) gained 30.2% to $18.76 after the company reported better-than-expected fourth-quarter financial results and issued FY25 adjusted EPS guidance above estimates.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) surged 22.8% to $4.1750 after the company announced its board approved an amendment for a dividend policy to increase the payout ratio. Also, the company reported third-quarter financial results.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) gained 20.3% to $64.32 as the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance with its midpoint above estimates.</li>
<li>Arrowhead Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) gained 18.1% to $22.17 after the company entered into a global licensing and collaboration agreement with Sarepta Therapeutics for multiple clinical and preclinical siRNA programs.</li>
<li>Neurogene Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) shares rose 15% to $25.65.</li>
<li>SmartRent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMRT#NYSE">SMRT</a>) gained 13.8% to $1.8450.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) gained 12.6% to $2.1850.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) surged 12.2% to $4.77. POET Technologies recently announced plans to expand its capacity.</li>
<li>Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) shares gained 9.1% to $125.10 after the company announced a global licensing and collaboration agreement with Arrowhead Pharmaceuticals for multiple clinical and preclinical siRNA programs.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) gained 8% to $99.21 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $93 to $113.</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) surged 7.8% to $59.45. The company announced it will present 10 abstracts at SABCS.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) surged 7.4% to $192.62 after the company reported better-than-expected fourth-quarter EPS and sales.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 7.3% to $25.82.</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) gained 5.8% to $8.94. UBS analyst Jay Sole upgraded Hanesbrands from Neutral to Buy and raised the price target from $9 to $11.</li>
</ul>
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J.M. Smucker Posts Upbeat Earnings, Joins LexinFintech, Semtech, Arrowhead Pharmaceuticals And Other Big Stocks Moving Higher On Tuesday

William Blair analyst Raju Prasad downgrades Poseida Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTX#NASDAQ">PSTX</a>) from Outperform to Market Perform.

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PSTX

William Blair Downgrades Poseida Therapeutics to Market Perform

At last week's <a href="https://www.benzinga.com/digital-assets">Benzinga Future of Digital Assets conference</a>, a spotlight shone on the future of Web3 technologies and their potential to reshape data ownership and privacy. Markus Kuhnert, founder and CEO of 1iO, shared his vision for a decentralized internet that empowers users by eliminating intermediaries and granting individuals full control over their data.
<h4 class="wp-block-heading">Moving Beyond Centralized Systems</h4>
Kuhnert criticized the reliance on centralized systems by today's major tech companies, arguing that these systems exploit user data for profit and influence. "If you use a messenger like WhatsApp, all the data is sent to a central server, which a big tech company owns. They tell you they can't look into the data, but who believes that?" he said.
Instead, Kuhnert emphasized the potential of decentralized peer-to-peer systems, allowing users to communicate directly without involving centralized servers. "Imagine a messenger that strictly runs on your own devices and those of the people you interact with. There's no intermediary," he explained.
<h4 class="wp-block-heading">Empowering Users Through Data Sovereignty</h4>
The concept of data sovereignty is at the heart of 1iO's mission. Kuhnert believes a new value system can emerge by enabling individuals to own and control their data. "When people feel, ‘I actually own my information and data,' it creates value in the system," he said. This shift could allow users to decide how their data is shared and monetized, such as for artificial intelligence training or other purposes.
Kuhnert described this shift as "flipping the script" on data use. Rather than large corporations profiting from centralized data storage, individuals would have the power to decide how their information is utilized, creating a more equitable and transparent digital ecosystem.
<h4 class="wp-block-heading">Pioneering the Next Phase of Web3</h4>
Kuhnert distinguished true Web3 technology from what he called "Web 2.5"—systems that adopt blockchain without decentralizing organizational control. 
"For it to work, you need to build technology that is not only technically decentralized but also organizationally decentralized," he said. He stressed that 1iO's approach represents a fundamental change in how data systems operate, eliminating middlemen and giving users control over their digital presence.
<h4 class="wp-block-heading">Conference Takeaways</h4>
During his panel on internet breakthroughs, Kuhnert discussed the topic with other industry leaders, including representatives from Google. "It's about breakthroughs and complexities," he noted. Comparing centralized systems that use artificial intelligence to attract more users with 1iO's decentralized approach, Kuhnert promised a thought-provoking conversation that challenges the status quo.
As Web3 continues to evolve, Kuhnert&#8217;s vision shared at the conference highlights the potential for a future where data ownership rests firmly in the hands of individuals rather than corporations.
Image: Shutterstock

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Web3 Without Compromise: 1iO CEO Wants To Put Data Back In Users' Hands

RBC Capital analyst Jon Arfstrom maintains Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) with a Sector Perform and raises the price target from $24 to $25.

RBC Capital Maintains Sector Perform on Old National, Raises Price Target to $25

Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) completed the UAE&#8217;s first live transport slicing trial with du, enabling the telecom provider to offer diverse network <a target="_blank" href="https://www.nokia.com/about-us/news/releases/2024/11/26/nokia-and-du-conclude-successful-transport-network-slicing-trial-in-uae/" rel="noreferrer noopener">services </a>on existing infrastructure.
The trial demonstrated flexible resource allocation for optimized performance using Nokia&#8217;s advanced Network Service Platform (NSP).
This technology supports services like low-latency gaming, video streaming, and IoT applications, enhancing network efficiency and energy savings.
Network slicing will also enhance security and privacy, drive service innovation, improve quality of service, and optimize resource utilization.
These benefits are expected to create new monetization opportunities and provide du with a competitive edge in the market.
Saleem Alblooshi, Chief Technology Officer at du, said,&nbsp;&#8220;Nokia&#8217;s network slicing technology, integrated with the Network Service Platform (NSP), aligns perfectly with our vision of being an AI enabler in line with the UAE National Strategy for AI 2031. This cutting-edge technology empowers du to optimize resource allocation in real-time, based on demand and traffic patterns.&#8221;
Rima Manna, Vice President of Network Infrastructure Sales, Middle East and Country Director of UAE at Nokia, stated,&nbsp;&#8220;This partnership with du is an essential step in enabling our customers with technologies that will set them apart in the industry. Network slicing automates the creation, assurance, and optimization of transport slices to facilitate dynamic services with specific requirements in terms of bandwidth, latency and reliability.&#8221;
&#8220;After investing considerable time in building such automated services, we are confident that this will significantly benefit not only du, but also all its end users.&#8221;
Last week, the company secured a multi-year, multi-billion USD&nbsp;contract&nbsp;extension with Bharti Airtel to deploy advanced 4G and 5G equipment <a target="_blank" href="https://www.benzinga.com/news/contracts/24/11/42089876/nokia-wins-multi-billion-dollar-deal-to-power-airtels-4g-and-5g-expansion-in-india" rel="noreferrer noopener">across key regions in India</a>.
Investors can gain exposure to NOK stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Hartford Multifactor Developed Markets (ex-US) ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RODM#NYSE">RODM</a>).
Price Action: NOK shares traded higher by 0.24% at $4.215 at last check Tuesday.
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Nokia, du Complete Transport Network Slicing Trial In UAE: Details

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