Latest news for Definity Financial (OTC:DFYFF) Stock

Definity Financial Corp offers personal and commercial insurance products. Through its personal lines insurance operations, the company offers auto, property, liability, and pet insurance products to individual customers, and its commercial lines insurance offering includes fleet, individually-rated commercial auto, property, liability, and specialty insurance products, which are provided to businesses of all sizes in Canada.

DEFINITY FINL CORP by DEFINITY FINL CORP.

Definity Financial Corp

RBC Capital analyst Gerard Cassidy reiterated a <a target="_blank" href="https://www.benzinga.com/quote/STT/analyst-ratings" rel="noreferrer noopener">Sector Perform </a>rating on the shares of State Street Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) and raised the price target from $85 to $91.
STT reported 2Q24 EPS of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39795949/state-streets-financial-fortitude-q2-earnings-beat-with-soaring-management-fees-and-asset-growth" rel="noreferrer noopener">$2.15 versus the analyst&#8217;s $2.05 estimate.</a>
The quarter&#8217;s strength was attributed to better-than-expected net interest income and fee revenues, partially offset by higher-than-expected noninterest expense, noted the analyst.
Net interest income (FTE) was $736 million versus the prior quarter of $717 million and the year-ago quarter of $691 million.
The company&#8217;s tangible book value (TBV) per share increased 1.6% to $45.25 from $44.56 in the prior quarter and increased 4.8% from $43.18 in the year-ago period, noted the analyst.
According to the analyst, core return on average assets (ROAA) of 0.86% increased from the prior quarter of 0.70%. Core return on average common equity (ROACE) of 11.9% increased from 9.5% in the prior quarter.
The correlation between price-to-book and price-to-tangible book value per share and ROE and ROTCE is very high and it behooves a management team to focus on long-term profitably as measured by these metrics, said the analyst.
STT continues to win new mandates for its products and services and in the past 12 months it has had over $330 million in servicing fee wins.
STT&#8217;s strong capital levels lead the analyst to consider its combined payout ratio should be ~100% for 2024 and 2025.
If the Federal Reserve cuts interest rates, the analyst expects STT to see an immediate impact to its net interest income, driven by repricing.
STT appears well positioned for the next 12 months with a strong pipeline of new business and the potential for meaningful stock buybacks, concluded the analyst.
Price Action: STT shares are trading lower by 0.39% at $84.49 at last check Wednesday.
Photo by Steve Smith via Flickr

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General

State Street Is Riding The Wave Of Favorable Market Conditions, Analyst Says

SDST

Stardust Power Shares Halted On Circuit Breaker To The Upside, Stock Now Up 111.2%

A recent study published in the <a href="https://www.ajgponline.org/article/S1064-7481(24)00336-1/fulltext">American Journal of Geriatric Psychiatry</a> offers new perspectives on the impact of psychedelic retreats on older adults. The research reveals that, despite experiencing less intense immediate effects of psychedelics compared to younger participants, seniors reported similar improvements in well-being after attending the retreats.
<h3 class="wp-block-heading">Promising Potential of Psychedelics</h3>
<a href="https://www.benzinga.com/markets/cannabis/22/12/30109232/how-certain-psychedelics-produce-brain-and-behavior-changes-ucl-leads-new-study">Psychedelics</a>, such as psilocybin, LSD, and DMT have shown promise in treating the symptoms of various disorders. These substances induce an altered state of consciousness, which <a href="https://www.benzinga.com/markets/cannabis/21/05/20978061/how-psychedelics-without-hallucinogenic-effects-could-revolutionize-psychiatry">has been linked to therapeutic outcomes</a>. However, <a href="https://www.benzinga.com/markets/cannabis/23/06/32655632/is-it-safe-for-older-people-to-take-psychedelics-heres-what-the-research-says">very few studies have been conducted in this age group</a>, as older adults have been largely excluded from psychedelics research, leaving the safety and efficacy of these treatments for them uncertain.
&#8220;Psychedelic substances have seen a resurging interest, primarily due to their fast and sustained positive effects on well-being among diverse clinical populations,&#8221; said Lorenzo Pasquini, co-author and assistant professor of neurology at the UCSF Weill Institute for Neurosciences. He highlighted the need for targeted research, noting the widespread and difficult-to-treat changes in older adults.
Hannes Kettner, a PhD candidate at the Imperial College London Centre for Psychedelic Research also emphasized the importance of understanding different responses to psychedelics. &#8220;Older adults constitute a population that has an unmet need for better neuropsychiatric treatment options, while usually not being included in psychedelic studies.&#8221; 
<h3 class="wp-block-heading">Study Methodology And Findings</h3>
Using a prospective cohort design study, researchers looked at 62 people over 60 and 62 under who attended retreats or guided group sessions. Participants completed surveys at multiple points, from before the session to six months after.
Compared to the results observed in younger adults, researchers found that older adults experienced significant improvements in their mental well-being after participating in the retreats, which typically included substances such as psilocybin, LSD, ayahuasca and mescaline.
<h3 class="wp-block-heading">&#8216;Communitas&#8217; &#8211; A Key Predictor</h3>
A striking finding was that these improvements in seniors were not directly related to the acute effects of the psychedelics themselves. Unlike the young people, for whom the intensity of the psychedelic experience played a key role, the sense of &#8220;communitas,&#8221; or togetherness and shared joy during group activities emerged as a significant predictor of improvement in those over 60.
&#8220;Older adults had significantly less intense acute psychedelic effects – subjective experiences such as ego-dissolution or emotional breakthroughs were up to 50% lower in those aged 60+, but this seemingly didn't affect the observed improvements in well-being,&#8221; Kettner explained.
<h3 class="wp-block-heading">Addressing Mental Health Needs</h3>
The study also found that well-being improvements in seniors were more pronounced in those with a history of psychiatric diagnoses, suggesting that older adults with pre-existing mental health conditions may derive substantial therapeutic benefits from participating in these retreats.
Despite the promising results, researchers noted several limitations, including the observational nature of the study and potential biases due to participant drop-out rates and the demographic makeup of the sample. Pasquini emphasized the need for placebo-controlled randomized trials to further understand the potential benefits of psychedelics for people over 60.
&#8220;My long-term goal is to implement psychedelic-based interventions in older adults,&#8221; Pasquini explained. &#8220;Following these observational findings, more rigorous trials are needed to understand whether psychedelics can have beneficial effects on well-being or even disease-modifying properties in healthy and clinical populations of older adults.&#8221;
Kettner added, &#8220;As more people gain access to psychedelics, it will be crucial to understand their risks, benefits, and underlying mechanisms across different populations and settings.&#8221;
The study, &#8220;Effects of Psychedelics in Older Adults: A Prospective Cohort Study,&#8221; was authored by Hannes Kettner, Leor Roseman, Adam Gazzaley, Robin L. Carhart-Harris, and Lorenzo Pasquini.

Cannabis

Psychedelics

Research Shows Psychedelic Retreats Benefit Older Adults Despite Achieving Milder Effects

WIIM

Johnson & Johnson shares are trading higher following better-than-expected Q2 financial results.

UnitedHealth shares are trading higher after Jefferies upgraded the stock from Hold to Buy. Multiple other analysts raised their price targets on the stock following the company's Tuesday earnings report.

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39801252/bofa-manages-to-keep-expenses-in-check-by-going-digital-now-the-bank-is-using-ai-to-take-it-to-anot">second-quarter results on Tuesday</a>.
The company posted second-quarter fiscal 2024 net income of $6.9 billion and EPS of 83 cents, beating the analyst consensus estimate of 80 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of $25.22 billion.
The net interest income was $13.7 billion (-3.0% Y/Y), as higher deposit costs more than offset higher asset yields and modest loan growth. Noninterest income was $11.7 billion (+6.0% Y/Y). Provision for credit losses was $1.5 billion, compared to $1.1 billion a year ago.
CFO Alastair Borthwick said, &#8220;We announced plans for an eight percent increase in our quarterly common stock dividend, to 26 cents per share, pending Board approval.&#8221;
Bank of America said it sees net interest income of ~$14.50 billion in the fourth quarter. It assumes a 25 bps interest rate cut.
Bank of America shares fell 0.4% to trade at $43.96 on Wednesday.
These analysts made changes to their price targets on Bank of America after the company released quarterly results.
<ul>
<li>RBC Capital analyst Gerard Cassidy maintained Bank of America with an Outperform rating and raised the price target from $39 to $46.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad reiterated the stock with an Outperform rating, while increasing the price target from $46 to $48.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained Bank of America with an Outperform rating, while raising the price target from $43 to $46.</li>
<li>Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and boosted the price target from $43 to $49.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained Bank of America with an Overweight rating and raised the price target from $44 to $46.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39817181/alcoa-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Alcoa Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>

Earnings

Markets

These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings

Alphabet Inc's Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are reportedly providing Chinese companies access to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">AI chips through data</a> centers outside China, <a target="_blank" href="https://www.theinformation.com/articles/google-microsoft-help-chinese-firms-skirt-ban-on-nvidia-chips" rel="noreferrer noopener">The Information</a> reports.
The move comes as the current Biden administration imposes restrictions to prevent Chinese firms from utilizing U.S. technology for artificial intelligence, particularly advanced semiconductors.
The U.S. has informed allies that it is considering the strictest trade measures available if crucial chipmaking machinery providers continue with their <a target="_blank" href="https://www.benzinga.com/government/24/07/39810709/whats-going-on-with-alibaba-and-peer-chinese-stocks-on-wednesday" rel="noreferrer noopener">business relations with China</a>.
The Biden administration has asked cloud companies to scrutinize whether foreign entities are using U.S. data centers to train AI models.
According to the report, Microsoft provides server rental services, including those equipped with Nvidia's A100 and H100 chips, to Chinese customers through data centers located outside China.
Similarly, Google allows Chinese customers to use servers based outside mainland China and ensures that its services comply with U.S. export controls.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39795029/googles-potential-23b-wiz-acquisition-set-to-enhance-cloud-security" rel="noreferrer noopener">Google's Potential $23B Wiz Acquisition Set To Enhance Cloud Security</a>
Before U.S. export controls, China accounted for more than a quarter of <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">Nvidia's total revenues</a>.
It is to be noted that despite the severe trade curbs, Nvidia is on track to sell $12 billion of artificial intelligence chips in China this year.
It is also reported that Nvidia's advanced AI chips are smuggled into <a target="_blank" href="https://www.benzinga.com/government/24/07/39616102/despite-restrictions-nvidia-chips-are-still-reaching-china-wsj" rel="noreferrer noopener">China despite U.S. export restrictions</a>.
An estimate suggests about 12,500 AI chips are smuggled annually, while Nvidia sold over 2.6 million A100 and H100 chips globally last year.
Google and Microsoft maintain that their operations adhere to current U.S. regulations, providing Chinese companies with essential AI capabilities while navigating the complexities of international trade restrictions.
Price Action: GOOGL shares are trading lower by 1.63% at $180.93 at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39797260/amazon-faces-ftc-inquiry-over-ai-talent-acquisition-from-adept" target="_blank" rel="noreferrer noopener">Amazon Faces FTC Inquiry Over AI Talent Acquisition From Adept</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Tech

GOOGL

MSFT

NVDA

Google And Microsoft Provide Nvidia Chip Access To Chinese Firms Despite U.S. Restrictions: Report

The 2024 Emmy Award nominations were announced Wednesday with "The Bear" and "Shogun" among the shows with the most nominations. The nominated shows and limited series showed strength once again<a href="https://www.benzinga.com/topic/streaming-stocks"> for streaming platforms.</a>
What Happened: With<a href="https://widgets.benzinga.com/general/entertainment/24/01/36631639/75th-primetime-emmys-no-spoilers-here-but-succession-leads-nominations"> recent award-winners</a> &#8220;Ted Lasso&#8221; and &#8220;Succession&#8221; no longer in contention following the end of their series, the 2024 Emmy nominations feature several new contenders.
"Shogun," led the way with 25 nominations. The historical drama premiered in February on FX and FX on Hulu, both owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
"The Bear," which also airs on FX and FX on Hulu, led the way with 23 nominations for its second season. The series broke an Emmy record as the most nominated comedy series in a single year, beating "30 Rock's" 22 nominations in 2009, as <a href="https://deadline.com/2024/07/emmy-nominations-2024-1236012073/">reported </a>by Deadline.
"Only Murders in the Building" from Hulu had 21 nominations.
"Baby Reindeer" from Netflix received 11 nominations as one of the most nominated series. Netflix also got nominations for "The Crown," "3 Body Problem" and even Tom Brady earned a nomination for <a href="https://www.benzinga.com/general/entertainment/24/04/38413496/tom-brady-to-be-roasted-in-live-netflix-special-nfl-goat-becomes-groat-in-streaming-giants-">the Netflix special</a> "The Greatest Roast of All Time."
Outside of Disney and Netflix, other big winners in nominees were "True Detective: Night Country at 19. The series is on Max, a unit of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
Video game adapted drama "Fallout" from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) owned Prime Video received 11 nominations.
Here are the nominations for Best Drama and their associated company and stock if applicable.
<ul>
<li>"The Crown": Netflix</li>
<li>"Fallout": Amazon Prime Video</li>
<li>"The Gilded Age": Max</li>
<li>"The Morning Show": AppleTV+ from Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>"Mr. and Mrs. Smith": Prime Video</li>
<li>"Shogun": FX</li>
<li>"Slow Horses": AppleTV+</li>
<li>"3 Body Problem": Netflix </li>
</ul>
The nominations for Best Comedy are:
<ul>
<li>"Abbott Elementary": ABC, Disney</li>
<li>"The Bear": FX</li>
<li>"Curb Your Enthusiasm": Max</li>
<li>"Hacks": Max</li>
<li>"Only Murders in the Building": Hulu</li>
<li>"Palm Royale": AppleTV+</li>
<li>"Reservation Dogs": FX</li>
<li>"What We Do in the Shadows": FX </li>
</ul>
These are the nominees for Limited Series or Anthology Series:
<ul>
<li>"Baby Reindeer": Netflix</li>
<li>"Fargo": FX</li>
<li>"Lessons in Chemistry": AppleTV+</li>
<li>"Ripley": Netflix</li>
<li>"True Detective: Night Country": Max </li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38651122/tom-brady-roasted-for-cryptocurrency-investment-in-netflix-special-tom-how-did-you-fall-fo">Tom Brady Roasted For Cryptocurrency Investment In Netflix Special: &#8216;Tom, How Did You Fall For That? Even Gronk Was Like—Me Know That&#8217;s Not Real Money&#8217;</a>
Why It's Important: Disney and Netflix could be the big winners with several of their hit series among the most nominated and recognizable names on the list.
Even without "Ted Lasso" to help power things, AppleTV+ scored several nominations from "The Morning Show" and other less recognizable shows. Jennifer Aniston and Reese Witherspoon both received acting nods for "The Morning Show."
"The Bear" won 10 Emmy Awards in the 2023 ceremony as the most awarded show.
HBO and Max received 31 wins in the 2023 award show, but without "Succession" this year, the total will likely be lower.
The 76th Emmy Awards air live on Sunday, Sept. 15 from 8 p.m. ET to 11 p.m. ET on ABC. A host for the award show has not been named to date.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/06/39220131/netflix-faces-massive-170m-defamation-lawsuit-over-baby-reindeer-character">Netflix Faces Massive $170M Defamation Lawsuit Over &#8216;Baby Reindeer&#8217; Character</a></li>
</ul>
Photo: Courtesy Hulu

Entertainment

Media

AAPL

AMZN

NFLX

Emmy Award Nominees: 'The Bear' Breaks Records, 'Shogun,' 'Baby Reindeer' Among Most Nominated, Tom Brady Picks Up Nod For Roast

Investors with a lot of money to spend have taken a bullish stance on Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</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 CCJ, 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 13 uncommon options trades for Cameco.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 23%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $982,113, and 9 are calls, for a total amount of $734,557.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $60.0 for Cameco, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $33.0 to $60.0, over the past month.
<h3>Cameco Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721236544_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.35</td>
<td>$9.25</td>
<td>$9.35</td>
<td>$50.00</td>
<td>$675.4K</td>
<td>129</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.3</td>
<td>$11.0</td>
<td>$11.27</td>
<td>$50.00</td>
<td>$437.9K</td>
<td>1.1K</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.25</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$41.00</td>
<td>$224.4K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$2.33</td>
<td>$2.12</td>
<td>$2.12</td>
<td>$48.00</td>
<td>$64.5K</td>
<td>2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.92</td>
<td>$2.89</td>
<td>$2.92</td>
<td>$50.00</td>
<td>$58.2K</td>
<td>4.5K</td>
<td style="text-align: right;">171</td>
</tr>
</tbody>
</table>

<h3>About Cameco</h3>
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.
Having examined the options trading patterns of Cameco, 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 Cameco</h3>
<ul>
<li>With a trading volume of 4,556,616, the price of CCJ is down by -7.92%, reaching $47.3.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Cameco</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $60.5.
<ul>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $60. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cameco, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Cameco

Financial giants have made a conspicuous bearish move on Lowe's Companies. Our analysis of options history for Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) revealed 26 unusual trades.
Delving into the details, we found 34% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $486,643, and 17 were calls, valued at $770,523.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $280.0 for Lowe's Companies during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lowe's Companies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lowe's Companies's substantial trades, within a strike price spectrum from $210.0 to $280.0 over the preceding 30 days.
<h3>Lowe's Companies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721236538_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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$9.45</td>
<td>$8.85</td>
<td>$8.85</td>
<td>$240.00</td>
<td>$196.4K</td>
<td>653</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$260.00</td>
<td>$134.5K</td>
<td>1.6K</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/26/24</td>
<td>$2.78</td>
<td>$2.74</td>
<td>$2.74</td>
<td>$245.00</td>
<td>$82.2K</td>
<td>141</td>
<td style="text-align: right;">402</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$32.6</td>
<td>$30.3</td>
<td>$31.89</td>
<td>$210.00</td>
<td>$63.6K</td>
<td>29</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$18.2</td>
<td>$18.15</td>
<td>$18.2</td>
<td>$240.00</td>
<td>$49.1K</td>
<td>155</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Lowe's Companies</h3>
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
<h3>Present Market Standing of Lowe's Companies</h3>
<ul>
<li>Currently trading with a volume of 1,862,491, the LOW's price is up by 1.73%, now at $245.13. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 34 days.</li>
</ul>
<h3>Expert Opinions on Lowe's Companies</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $225.0.
<ul>
<li>An analyst from Evercore ISI Group persists with their In-Line rating on Lowe's Companies, maintaining a target price of $225. </li>
</ul>
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 Lowe's Companies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Lowe's Companies's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on SoFi Techs. Our analysis of options history for SoFi Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) revealed 22 unusual trades.
Delving into the details, we found 59% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $164,115, and 19 were calls, valued at $1,260,567.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $11.0 for SoFi Techs over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SoFi Techs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SoFi Techs's significant trades, within a strike price range of $4.0 to $11.0, over the past month.
<h3>SoFi Techs Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721236533_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.75</td>
<td>$1.74</td>
<td>$1.75</td>
<td>$7.00</td>
<td>$175.0K</td>
<td>68.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.42</td>
<td>$1.26</td>
<td>$1.38</td>
<td>$7.00</td>
<td>$138.0K</td>
<td>12.5K</td>
<td>8</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$0.22</td>
<td>$0.2</td>
<td>$0.22</td>
<td>$8.00</td>
<td>$108.5K</td>
<td>18.5K</td>
<td>5.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$0.71</td>
<td>$0.71</td>
<td>$0.71</td>
<td>$7.00</td>
<td>$102.5K</td>
<td>12.1K</td>
<td>59</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$0.1</td>
<td>$0.08</td>
<td>$0.1</td>
<td>$8.50</td>
<td>$96.0K</td>
<td>7.7K</td>
<td>9.7K</td>
</tr>
</tbody>
</table>

<h3>About SoFi Techs</h3>
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
<h3>Current Position of SoFi Techs</h3>
<ul>
<li>Trading volume stands at 43,507,231, with SOFI's price down by -1.03%, positioned at $7.67.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 13 days.</li>
</ul>
<h3>What The Experts Say On SoFi Techs</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $8.333333333333334.
<ul>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on SoFi Techs, which currently sits at a price target of $8. </li>
<li>An analyst from Needham downgraded its action to Buy with a price target of $10. </li>
<li>Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for SoFi Techs, targeting a price of $7. </li>
</ul>
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 SoFi Techs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

SOFI

Check Out What Whales Are Doing With SOFI

Nio shares are trading lower following a report suggesting the company plans to reduce car purchase incentives starting July 22.

TD Cowen analyst Helane Becker maintains Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) with a Hold and raises the price target from $12 to $13.

TD Cowen Maintains Hold on Hawaiian Holdings, Raises Price Target to $13

B of A Securities analyst Sara Senatore maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Buy and lowers the price target from $83 to $79.

JACK

B of A Securities Maintains Buy on Jack In The Box, Lowers Price Target to $79

TD Cowen analyst Helane Becker maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Hold and lowers the price target from $60 to $39.

ALGT

TD Cowen Maintains Hold on Allegiant Travel, Lowers Price Target to $39

BITF

CLSK

COIN

HIVE

IREN

MARA

MSTR

RIOT

Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.

B of A Securities analyst Sara Senatore maintains Krispy Kreme (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) with a Buy and lowers the price target from $19 to $16.

DNUT

B of A Securities Maintains Buy on Krispy Kreme, Lowers Price Target to $16

TD Cowen analyst Helane Becker maintains Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) with a Hold and lowers the price target from $6.5 to $4.

ULCC

TD Cowen Maintains Hold on Frontier Group Holdings, Lowers Price Target to $4

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is announcing its second-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $20 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=TSM"> before market hours</a>.
The stock is up 67.23% over the past year, +69.12% YTD.
Let&#8217;s look at what the charts indicate for Taiwan Semiconductor (aka TSMC) stock, and how the stock currently maps against Wall Street estimates.
<h1 class="wp-block-heading">TSMC Price Charts Bearish Ahead Of Q2 Earnings </h1>
Taiwan Semiconductor stock faces a moderately bearish trend with ongoing selling pressure, indicating potential future bearish movement.
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113159/Screenshot-2024-07-17-at-8.32.42-PM.png" alt="" class="wp-image-441109" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113159/Screenshot-2024-07-17-at-8.32.42-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113159/Screenshot-2024-07-17-at-8.32.42-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The share price stands at $174.70, quite below the 8-day SMA of $185 and slightly below its 20-day SMA of $179.07, signaling a bearish trend. 
However, the stock is trading above its 50-day SMA of $165.66 and 200-day SMA of $127.10, all indicating bullish signals for medium to long-term prospects.
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113210/Screenshot-2024-07-17-at-8.32.24-PM.png" alt="" class="wp-image-441110" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113210/Screenshot-2024-07-17-at-8.32.24-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17113210/Screenshot-2024-07-17-at-8.32.24-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The MACD indicator is positive at 5.31, reinforcing a bullish outlook. The RSI is at 48.65 and treading downwards, suggesting the stock is likely heading towards oversold conditions.
The Bollinger Bands (25) ranges of $164.26-$191.12, with the stock trading in the upper bullish band, indicating bullish sentiment as well. Overall, while short-term indicators show bearish pressure, the longer-term technicals reflect strong bullish support for TSM.
Read Also: <a href="https://www.benzinga.com/government/24/07/39818236/nvidia-supplier-super-micro-computer-stock-is-down-wednesday-whats-going-on">Nvidia Supplier Super Micro Computer Stock Is Down Wednesday, What&#8217;s Going On?</a>
<h1 class="wp-block-heading">TSMC Analysts See 25% Upside</h1>
TSMC Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/TSM/analyst-ratings"> The consensus analyst rating</a> on Taiwan Semiconductor stock stands at an Overweight currently with a price target of $172.71. The three most recent analyst ratings for Taiwan Semiconductor Manufacturing Co Ltd were released by Needham, Susquehanna and Bernstein on July 15, July 11, and June 20, 2024, respectively. The average price target of $220 implies a 25.33% upside.
TSM Price Action: Taiwan Semiconductor&#8217;s stock was trading down 6.72% at $175.53 at the time of publication Wednesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/07/39816230/whats-going-on-with-nvidia-amd-and-semiconductor-peer-stocks-on-wednesday">What&#8217;s Going On With Nvidia, AMD And More Semiconductor Stocks Wednesday?</a></li>
</ul>
Photo: Sundry Photography on Shutterstock

Technicals

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Global

Taiwan Semiconductor Charts Show Mixed Signals As Q2 Earnings Loom: What To Expect

UUUU

Shares of US-traded uranium companies are trading lower amid a drop in the price of uranium.

Definity Financial&nbsp; GAAP EPS of C$1.94 beats by C$1.15, revenue of C$1.03B

Definity Financial Non-GAAP EPS of C$0.65

Definity Financial renews normal course issuer bid

DFYFF

Definity Financial

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