Bitwise Funds Trust Bitwise Web3 ETF (ARCA: BWEB)

Latest news for Bitwise Funds Trust Bitwise Web3 ETF (ARCA:BWEB)

Technology

Communication Services

Real Estate

Financial Services

Energy

Consumer Cyclical

Other

Industrials

Fund generally invests substantially all, but at least 80 percent, of its net assets plus borrowings in the securities comprising the Index. The Fund, using a full replication approach, attempts to reproduce, before fees and expenses, the performance of the Index.

Shopify Inc.

Roblox

Meta Platforms, Inc.

Equinix, Inc.

Coinbase Global, Inc.

Cloudflare Inc

Electronic Arts, Inc.

Block, Inc

Marathon Digital Holdings

Take-Two Interactive Software, Inc.

Bitwise Web3 ETF

Little,Boy,Playing,Roblox,Game,On,A,Tablet.,Roblox,Is

Analyst Color

Equities

Large Cap

News

Price Target

Reiteration

Analyst Ratings

Trading Ideas

BWEB

METV

RBLX

Piper Sandler raises Roblox price target to $54.00. Survey shows increase in teen usage and decrease in those who have never played.

Roblox Usage Climbs Among US Teens: Analyst Raises Target To $54

Markets

ETFs

ARKF

BUYZ

First Trust Dow Jones International Internet ETF

FDNI

SHOP

The multi-tenant, cloud-based, multi-channel commerce platform Shopify (NYSE: SHOP) slumped about 18.6% on May 8 after the company issued a downbeat revenue forecast for the fiscal Q2 2024. On May 8, 2024, the company reported first-quarter 2024 earnings before the market opened.

Shopify Slumps on Downbeat Q2 Outlook: ETFs in Focus

Bitwise Funds Trust Bitwise Web3 ETF

As Of Oct 9, Phoenix Motor Is Not In Compliance With The Nasdaq Minimum Bid Price Requirement

OWLT

Owlet Regains NYSE Compliance

<p><i>Improving market dynamics have provided relief, indicating confidence in both domestic and global economic conditions</i></p>
<p>Dun &amp; Bradstreet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNB#NYSE">DNB</a>), a leading global provider of business decisioning data and analytics, today released its Q4 2024 Global Business Optimism Insights report. The report, fielded in Q3 2024, found a 7% increase in business optimism quarter-over-quarter, driven by gradual easing of inflation rates and favorable borrowing conditions.</p>
<p>Nearly four in five businesses are expressing increased optimism in domestic and export orders, capital expenditures and financial risk due to a combination of easing financial pressures, shifts in monetary policies, robust regulatory frameworks and higher participation in sustainability initiatives.</p>


Dun & Bradstreet Releases Its Q4 2024 Global Business Optimism Insights Report; Found A 7% Increase In Business Optimism QoQ, Driven By Gradual Easing Of Inflation Rates And Favorable Borrowing Conditions

<p>Citigroup  analyst Jason Gursky   maintains Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) with a Buy and raises the price target from $160 to $176.</p>


SAIC

Citigroup Maintains Buy on Science Applications Intl, Raises Price Target to $176

<p>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.02 by 250 percent. This is a 61.11 percent decrease over earnings of $0.18 per share from the same period last year.  The company reported quarterly sales of $13.12 million which beat the analyst consensus estimate of $12.17 million by 7.82 percent.  This is a 36.39 percent decrease over sales of $20.62 million the same period last year.</p>


Earnings

Earnings Beats

AEHR

Aehr Test Systems Q1 2025 Adj EPS $0.07 Beats $0.02 Estimate, Sales $13.12M Beat $12.17M Estimate

Financing

Point72 Asset Management Reports 8.4% Passive Stake In Inhibikase Therapeutic

<p>Based on the business that has been disrupted at the Hotel as a result of the labor activity, the Company anticipates that full-year 2024 total portfolio RevPAR growth will be 125 to 150 basis points lower, Adjusted EBITDA<i>re</i> will be $11 million to $13 million lower and Adjusted FFO Attributable to Common Stockholders per Diluted Share will be approximately $0.06 lower than the 2024 outlook as presented in the Company's second quarter earnings release. Approximately $6 million to $7 million of the total estimated Adjusted EBITDA<i>re</i> impact relates to business that was disrupted in the third quarter, with the remainder related to business that has been cancelled for the fourth quarter. The Company expects a portion of the group events that have been cancelled will be rebooked at the Hotel for a future period.</p>
<p>The estimated impact on the Company's prior full-year 2024 outlook is based only upon business that has been disrupted at the Hotel as a result of the labor activity and the Company expects to provide an updated 2024 outlook, including any changes in expectations for the remainder of its portfolio, as part of its third quarter earnings release on November 12, 2024.</p>


Guidance

Sunstone Hotel Investors RevPAR Growth To Drop 125-150 Basis Points In 2024 Due To Labor Disruptions, Adjusted EBITDAre Decrease By $11M-$13M, Adjusted FFO Down $0.06 Per Share; $6M-$7M Loss From Q3 Disruptions

<p>Citigroup  analyst Jason Gursky   maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Neutral and raises the price target from $122 to $132.</p>


Citigroup Maintains Neutral on RTX, Raises Price Target to $132

<p>Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) today provided an update on recent operating activity for the third quarter and the estimated resulting impact on its previously provided full-year 2024 outlook.</p>
<p><strong>Operations Update</strong></p>
<p>The Company's operations for July and August 2024 were consistent with its prior expectations and reflect continued strength in group activity, an acceleration in business travel and an anticipated market-wide moderation in leisure demand in Maui. During the first two months of the quarter, the Company generated growth in total portfolio RevPAR and Total RevPAR, excluding The Confidante Miami Beach, of 2.4% and 6.3%, respectively, and Adjusted EBITDA<i>re</i> of approximately $37 million, which was in-line with the full-year 2024 outlook as presented in the Company's second quarter earnings release provided on August 7, 2024.</p>


Sunstone Hotel Investors Announces During The First Two Months Of The Quarter, The Company Generated Growth In Total Portfolio RevPAR And Total RevPAR, Excluding The Confidante Miami Beach, Of 2.4% And 6.3%, Respectively, And Adjusted EBITDAre Of ~$37M, In-Line With The FY24 Outlook

AGMH

AGM Group Holdings Partners With Nowlit To Launch AGM Energy Corp For Expansion In AI And Crypto Markets In North America

<p>Citigroup  analyst Jason Gursky   maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Neutral and raises the price target from $521 to $587.</p>


Citigroup Maintains Neutral on Northrop Grumman, Raises Price Target to $587

WIIM

SunLink Health Systems shares are trading higher after the company announced the sale of its Trace regional hospital real estate for $2 million.

<p>Clayton Dubilier &amp; Rice is nearing a deal to acquire Sanofi's consumer health unit for about €15 billion ($16.4 billion), in what could be one of the largest European transactions this year, people familiar with the matter said.&nbsp;</p>
<p><a href="https://www.bloomberg.com/news/articles/2024-10-10/cd-r-said-near-15-billion-deal-for-sanofi-consumer-health-unit?utm_source=google&amp;utm_medium=bd&amp;cmpId=google" title="https://www.bloomberg.com/news/articles/2024-10-10/cd-r-said-near-15-billion-deal-for-sanofi-consumer-health-unit?utm_source=google&amp;utm_medium=bd&amp;cmpId=google">https://www.bloomberg.com/news/articles/2024-10-10/cd-r-said-near-15-billion-deal-for-sanofi-consumer-health-unit?utm_source=google&amp;utm_medium=bd&amp;cmpId=google</a></p>


Asset Sales

'CD&R Nears €15 billion Deal for Sanofi Consumer Health Unit' - Bloomberg

<p>CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) today announced that it completed the repurchase of 500,000 shares of CBL stock for $12.525 million, in a privately negotiated block trade from a single shareholder. The block repurchase was completed separately from CBL's existing stock repurchase program described below.</p>
<p>On August 10, 2023, CBL announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25.0 million of its common stock. As of September 20, 2024, CBL had completed all repurchase activity under this program. A total of 1,074,826 shares were repurchased under the program at a weighted average share price of $23.259 per share.</p>


Insider Trades

CBL Properties Announces That It Completed The Repurchase Of 500K Shares Of Stock For $12.525M, In A Privately Negotiated Block Trade From A Single Shareholder

Piedmont Office Realty Trust Reports Virtually No Damage To Any Of Its Properties From Hurricane Milton And That All Personnel In The Affected Areas Are Reported Safe

<p>Citigroup  analyst Jason Gursky   maintains Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) with a Buy and raises the price target from $570 to $700.</p>


Citigroup Maintains Buy on Lockheed Martin, Raises Price Target to $700

<p>Deep-pocketed investors have adopted a bullish approach towards Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</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 APLD usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Applied Digital. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $125,000, and 6 are calls, amounting to $403,992.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $8.0 for Applied Digital during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Applied Digital's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Applied Digital's whale activity within a strike price range from $7.0 to $8.0 in the last 30 days. </p>
<h3>Applied Digital Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728591399_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</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>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.85</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$8.00</td>
<td>$107.5K</td>
<td>10.5K</td>
<td>5.7K</td>
</tr>
<tr>
<td>APLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.35</td>
<td>$0.25</td>
<td>$0.25</td>
<td>$7.00</td>
<td>$100.0K</td>
<td>2.1K</td>
<td>207</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.6</td>
<td>$1.5</td>
<td>$1.6</td>
<td>$8.00</td>
<td>$97.6K</td>
<td>3.0K</td>
<td>915</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$0.35</td>
<td>$0.3</td>
<td>$0.3</td>
<td>$8.00</td>
<td>$72.9K</td>
<td>7.5K</td>
<td>4.7K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.55</td>
<td>$1.45</td>
<td>$1.55</td>
<td>$8.00</td>
<td>$53.9K</td>
<td>801</td>
<td>2.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Applied Digital</h3>
<p>Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.</p>
<p>Having examined the options trading patterns of Applied Digital, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Applied Digital</h3>
<ul>
<li>Trading volume stands at 24,231,556, with APLD's price down by -6.77%, positioned at $6.9.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 96 days.</li>
</ul>
<h3>What The Experts Say On Applied Digital</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $10.6.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Roth MKM has revised its rating downward to Buy, adjusting the price target to $10.<br />
&#x2A; Consistent in their evaluation, an analyst from Lake Street keeps a Buy rating on Applied Digital with a target price of $11.<br />
&#x2A; Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Applied Digital, targeting a price of $9.<br />
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $11.<br />
&#x2A; Maintaining their stance, an analyst from Craig-Hallum continues to hold a Buy rating for Applied Digital, targeting a price of $12. </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 Applied Digital with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

APLD

Applied Digital Unusual Options Activity For October 10

<p>High-rolling investors have positioned themselves bullish on e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ELF often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for e.l.f. Beauty. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $110,585, and 7 calls, totaling $256,796.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $190.0 for e.l.f. Beauty, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for e.l.f. Beauty's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of e.l.f. Beauty's whale activity within a strike price range from $90.0 to $190.0 in the last 30 days. </p>
<h3>e.l.f. Beauty Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728591394_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 style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ELF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.3</td>
<td>$1.25</td>
<td>$1.3</td>
<td>$100.00</td>
<td>$110.5K</td>
<td>1.5K</td>
<td style="text-align: right;">900</td>
</tr>
<tr>
<td>ELF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$24.8</td>
<td>$24.0</td>
<td>$24.24</td>
<td>$130.00</td>
<td>$50.8K</td>
<td>184</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>ELF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$6.8</td>
<td>$6.4</td>
<td>$6.64</td>
<td>$102.00</td>
<td>$48.6K</td>
<td>506</td>
<td style="text-align: right;">308</td>
</tr>
<tr>
<td>ELF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.8</td>
<td>$14.5</td>
<td>$14.7</td>
<td>$110.00</td>
<td>$36.7K</td>
<td>148</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>ELF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$24.9</td>
<td>$24.1</td>
<td>$24.22</td>
<td>$130.00</td>
<td>$31.4K</td>
<td>184</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>
</p>
<h3>About e.l.f. Beauty</h3>
<p>e.l.f. Beauty Inc is a multi-brand beauty company that offers inclusive, accessible, clean, vegan and cruelty-free cosmetics and skin care products. The Company's mission is to make the best of beauty accessible to every eye, lip, face, and skin concern. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out sales within the US and internationally, out of which maximum revenue is generated from the US.</p>
<p>Having examined the options trading patterns of e.l.f. Beauty, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>e.l.f. Beauty's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,755,275, with ELF's price up by 2.02%, positioned at $107.54.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 27 days.</li>
</ul>
<h3>Expert Opinions on e.l.f. Beauty</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $179.4.</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 DA Davidson keeps a Buy rating on e.l.f. Beauty with a target price of $223.<br />
&#x2A; Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on e.l.f. Beauty with a target price of $223.<br />
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for e.l.f. Beauty, targeting a price of $150.<br />
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for e.l.f. Beauty, targeting a price of $139.<br />
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for e.l.f. Beauty, targeting a price of $162. </p>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for e.l.f. Beauty, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Spotlight on e.l.f. Beauty: Analyzing the Surge in Options Activity

<p>Carlyle Secured Lending, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBD#NASDAQ">CGBD</a>) (the "Company") today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the "Notes"). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company's option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions.<br /><br />&nbsp;</p>
<p>The Company intends to use the net proceeds from this offering to repay the Company's outstanding debt including the revolving credit facility, the Company's 4.750% unsecured notes and 4.500% unsecured notes in the aggregate principal of approximately $190.0 million, each of which is scheduled to mature on December&nbsp;31,&nbsp;2024, and to fund new investment opportunities, and for other general corporate purposes.</p>
<p>J.P. Morgan, Barclays, BofA Securities, Morgan Stanley, Citigroup, Deutsche Bank Securities, Goldman Sachs &amp; Co. LLC, HSBC Securities (USA) Inc. and R. Seelaus &amp; Co., LLC are acting as joint book-running managers for this offering. ICBC Standard Bank, TCG Capital Markets L.L.C., B. Riley Securities, Keefe, Bruyette &amp; Woods, <i>A Stifel Company</i> and Raymond James are acting as co-managers for this offering.</p>


Offerings

CGBD

Carlyle Secured Lending Prices Public Offering Of $300M 6.750% Unsecured Notes Due 2030

<p>Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) revealed 11 unusual trades.</p>
<p>Delving into the details, we found 45% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $468,352, and 2 were calls, valued at $59,896.</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 $80.0 to $120.0 for Starbucks over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Starbucks stands at 4229.33, with a total volume reaching 4,485.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Starbucks, situated within the strike price corridor from $80.0 to $120.0, throughout the last 30 days.</p>
<h3>Starbucks Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728591389_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</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>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.62</td>
<td>$0.55</td>
<td>$0.55</td>
<td>$92.00</td>
<td>$110.0K</td>
<td>521</td>
<td>2.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$27.85</td>
<td>$27.85</td>
<td>$27.85</td>
<td>$120.00</td>
<td>$97.4K</td>
<td>97</td>
<td>35</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$2.34</td>
<td>$2.33</td>
<td>$2.34</td>
<td>$90.00</td>
<td>$53.6K</td>
<td>9.6K</td>
<td>364</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.5</td>
<td>$4.4</td>
<td>$4.5</td>
<td>$95.00</td>
<td>$45.0K</td>
<td>6.6K</td>
<td>333</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.71</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$95.00</td>
<td>$42.5K</td>
<td>7.9K</td>
<td>881</td>
</tr>
</tbody>
</table>
</p>
<h3>About Starbucks</h3>
<p>Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.</p>
<p>Following our analysis of the options activities associated with Starbucks, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Starbucks</h3>
<ul>
<li>Trading volume stands at 5,263,230, with SBUX's price down by -2.09%, positioned at $93.88.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for Starbucks</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $102.6.</p>
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&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Starbucks, targeting a price of $99.<br />
&#x2A; Showing optimism, an analyst from Bernstein upgrades its rating to Outperform with a revised price target of $115.<br />
&#x2A; An analyst from Jefferies downgraded its action to Underperform with a price target of $76.<br />
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $105.<br />
&#x2A; An analyst from B of A Securities persists with their Buy rating on Starbucks, maintaining a target price of $118. </p>
<p>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.</p>
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SBUX

A Closer Look at Starbucks's Options Market Dynamics

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<p><strong>Roblox Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) shares are trading higher on Wednesday.<strong> Piper Sandler </strong>analyst Thomas Champion raised the price target to $54.00 from $48.00 while <a target="_blank" href="https://www.benzinga.com/quote/rblx/analyst-ratings" rel="noreferrer noopener">maintaining the Overweight rating</a>.</p>



<p>The analyst surveyed ~13K teens across the U.S. during this fall and noted that teen active usage of Roblox rose to 46%, up from 34% and 31% in the previous two surveys, with improvements seen across all frequency levels.</p>



<p>Champion also writes that 17% of teens have never played Roblox, compared to 22% in the previous survey.</p>



<p>Additionally, 37% of teens previously played Roblox but no longer do, a reduction from 44% and 45% in prior surveys, adds the analyst.</p>



<p>Overall, the analyst says that the frequency of play is rising, with more teens engaging with Roblox on a monthly, weekly, and daily basis compared to the previous survey.</p>



<p>Yesterday, Hindenburg&nbsp;issued a short report alleging that Roblox misled investors, overstating daily active users by 25-42% <a target="_blank" href="https://www.benzinga.com/news/24/10/41230411/short-seller-hindenburg-issues-report-on-roblox-accuses-company-of-misleading-metrics" rel="noreferrer noopener">and engagement hours by over 100%</a>.</p>



<p>The report accused Roblox of prioritizing growth metrics over child safety by cutting content moderation costs.</p>



<p>In response, Roblox issued a&nbsp;statement&nbsp;calling the financial claims &#8220;misleading,&#8221; while denying allegations that it underreports issues related <a href="https://www.benzinga.com/general/gaming/24/10/41255828/roblox-denies-hindenburgs-accusations-of-inflating-metrics-failing-at-child-safety-calls-them-misl" target="_blank" rel="noreferrer noopener">to child safety on the platform</a>.</p>



<p>Roblox asserted that its methodology for calculating DAUs is designed to present an accurate reflection of platform engagement.</p>



<p>Investors can gain exposure to the stock via&nbsp;<strong>Bitwise Funds Trust Bitwise Web3 ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWEB#NYSE">BWEB</a>) and <strong>Roundhill Ball Metaverse ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/METV#NYSE">METV</a>).</p>



<p><strong>Price Action: </strong>RBLX shares are up 3.97% at $42.12 at the last check Wednesday.</p>



<p><em>Photo via Shutterstock</em></p>



<p><strong>Read Next:</strong></p>



<ul>
<li><strong><a href="https://www.benzinga.com/news/24/10/41170031/short-seller-alleges-roblox-facilitated-widespread-child-abuse-potentially-played-a-role-in-mass-sho" target="_blank" rel="noreferrer noopener">Short Seller Alleges Roblox Facilitated &#8216;Widespread&#8217; Child Abuse, &#8216;Potentially Played A Role&#8217; In Mass Shootings</a></strong></li>
</ul>

<p>The multi-tenant, cloud-based, multi-channel commerce platform <strong>Shopify </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) slumped about 18.6% on May 8 after the company issued a downbeat revenue forecast for the fiscal Q2 2024. On May 8, 2024, the company reported first-quarter 2024 earnings before the market opened.</p>

<p>Shopify came up with adjusted quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compared to earnings of $0.01 per share a year ago. This quarterly report represents an earnings surprise of 25%.</p>

<p>Shopify, which belongs to the Zacks Internet - Services industry, posted revenues of $1.86 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.36%. This compares to year-ago revenues of $1.51 billion.</p>

<p>Shopify said gross merchandise volume, or the total volume of merchandise sold on the platform, increased 23% to $60.9 billion. That surpassed consensus expectations of $59.5 billion, according to StreetAccount, as quoted on CNBC.</p>

<h3>Shopify&#39;s AI Initiatives</h3>

<p>Shopify has lately boosted its AI features for businesses, including &quot;Shopify Magic&quot; which can automatically generate listings and edit images, among other things. However, its rivals including Amazon, Etsy and eBay all are binging on AI features, which means such an initiative is less likely to be a game-changer for Shopify in the near term.&nbsp;</p>

<h3>Disappointing Guidance</h3>

<p>For the second quarter of 2024, Shopify anticipates revenue growth in the high teens year-over-year, translating to a growth rate in the low-to-mid-twenties after adjusting for the 300 to 400 basis point impact from the sale of its logistics businesses. This is a slowdown from the previous period.</p>

<p>Gross margin for Q2 is expected to decrease by approximately 50 basis points compared to Q1 of 2024. Meanwhile, Shopify said it expects operating expenses to increase in the low-to-mid single digits quarter-over-quarter, while Wall Street had projected flat growth, per CNBC. This very outlook marred an otherwise upbeat Q1.</p>

<p>On a conference call with analysts, Shopify executives said consumer spending in the U.S. remains strong, but the management is worried about headwinds related to foreign exchange from the strong U.S. dollar and some softness in European consumer spending.</p>

<h3>ETFs in Focus</h3>

<p>Against the above-mentioned backdrop, one may opt for a cautious stance regarding investing directly in Shopify. However, for those inclined toward a long-term investment strategy, leveraging the ETF route to purchase the stock during dips could be a prudent approach.</p>

<p>By doing so, investors can mitigate specific risks associated with individual companies. Notably, Shopify holds significant weight in various technology-focused ETFs. In the event of a potential Federal Reserve rate cut toward the end of 2024 and likely positive outcomes from Shopify&#39;s strategic initiatives, these ETFs could see favorable impacts.</p>

<p><strong>First Trust Dow Jones International Internet ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDNI#NASDAQ">FDNI</a>) &ndash; Shopify&#39;s weight 8.87%</p>

<p><strong>Bitwise Web3 ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWEB#NYSE">BWEB</a>)<strong> &ndash; </strong>Shopify&#39;s weight 8.66%</p>

<p><strong>ARK Fintech Innovation ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) &ndash; Shopify&#39;s weight 7.51%</p>

<p><strong>Franklin Disruptive Commerce ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>) &ndash; Shopify&#39;s weight 6.69%</p>

<p><a href="https://www.zacks.com/stock/news/2271211/shopify-slumps-on-downbeat-q2-outlook-etfs-in-focus?cid=CS-BENZ-FT-etf_news_and_commentary-2271211">To read this article on Zacks.com click here.</a></p>
 

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