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

Electra Battery Materials (NASDAQ:ELBM) Stock, Option Chain

Electra Battery Materials

Electra Battery Materials Corp is building North America's fully integrated, localized, and environmentally sustainable battery materials park. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable, and traceable raw materials for the region's fast growing electric vehicle industry.

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	Tango Therapeutics, Inc. (NASDAQ: TNGX) climbed 85.2% to $7.09 after gaining 11% on Tuesday. Tango Therapeutics recently posted a narrower quarterly loss.


Why Cutera Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Wednesday&#39;s Session

Electra Battery Materials Corporation - Common Stock

Electra Battery Materials Corp

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Palisade Bio Offers Up To 2.06M Common Stock Shares At $2.43 Per Share

Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) reported a loss for the fourth <a href="https://www.benzinga.com/quote/SR/earnings">quarter on Wednesday</a>.
The company reported a quarterly loss of 54 cents per share, compared to market estimates of a loss of 52 cents per share. The company reported quarterly sales of $293.800 million which missed the analyst consensus estimate of $382.540 million.
&#8220;During fiscal 2024, despite the impacts of warm winter weather and rising interest expense, our team delivered solid financial and operating performance while providing affordable, reliable and safe energy to our customers,&#8221; said Steve Lindsey, president and chief executive officer of Spire. &#8220;Significant infrastructure investments and improved operational efficiency drove growth in our gas utilities during the year. In addition, Gas Marketing and Midstream continued to deliver solid results. We remain focused on continued execution of our strategy committed to capital-driven growth and operational excellence.&#8221;
Spire reaffirmed long-term adjusted EPS growth target of 5% to 7% and launched fiscal 2025 adjusted EPS guidance of $4.40 to $4.60.
Spire shares gained 2.9% to trade at $70.35 on Thursday.
These analysts made changes to their price targets on Spire following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5891df6243eaaa0001d69c76/sarah-akers">Wells Fargo analyst Sarah Akers</a> maintained Spire with an Equal-Weight and raised the price target from $73 to $75.</li>
<li>UBS analyst William Appicelli maintained the stock with a Buy and raised the price target from $75 to $80.</li>
</ul>
Considering buying SR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21142223/image-230-1024x552.png" alt="" class="wp-image-659656" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21142223/image-230-1024x552.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21142223/image-230-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21142223/image-230-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21142223/image-230.png 1202w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42117130/this-palo-alto-networks-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Palo Alto Networks Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a></li>
</ul>

Earnings

Spire Analysts Boost Their Forecasts After Q4 Results

MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has experienced an extraordinary 674% increase in its stock price year-to-date in 2024, a rally driven by its massive Bitcoin holdings and the cryptocurrency&#8217;s <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">record-breaking performance this year</a>.
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42042019/bitcoin-buyer-spree-microstrategy-acquires-4-6b-in-btc-metaplanet-issues-11-4m-in-bonds-to-fund-purchases">company's Bitcoin strategy,</a> spearheaded by Chairman Michael Saylor, has not only boosted its stock but has also resulted in over $15 billion in unrealized profit from its Bitcoin holdings.
This surge has rippled across ETFs with significant MicroStrategy exposure, enhancing their returns in a bullish market.
MicroStrategy, one of the largest corporate holders of Bitcoin, currently owns 331,000 BTC, with a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">cumulative acquisition cost of over $16 billion.</a>
With the recent surge in Bitcoin prices, these holdings have soared in value, providing a staggering profit that underscores the company's high-stakes bet on cryptocurrency. 
This performance has drawn increased attention to ETFs with notable stakes in MicroStrategy, as investors look to indirectly benefit from the company's gains.
The following ETFs have particularly benefited from MicroStrategy&#8217;s exceptional performance, reflecting both their weightings in MSTR and their year-to-date returns:
<ol>
<li>T-Rex 2X Long MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>):
<ul>
<li>MSTR Weighting: 90.14%</li>
<li>YTD Performance: 746%</li>
<li>Overview: MSTU is a leveraged ETF designed to deliver twice the daily performance of MicroStrategy's stock, giving investors amplified exposure to its monumental rally.</li>
</ul>
</li>
<li>Bitwise Crypto Industry Innovators ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NASDAQ">BITQ</a>):
<ul>
<li>MSTR Weighting: 14.16%</li>
<li>YTD Performance: 79%</li>
<li>Overview: BITQ focuses on leading companies in the crypto sector, with MicroStrategy as a key holding, benefiting from the company's Bitcoin-driven surge.</li>
</ul>
</li>
<li>Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>):
<ul>
<li>MSTR Weighting: 11.83%</li>
<li>YTD Performance: 64.5%</li>
<li>Overview: STCE targets firms innovating in blockchain and cryptocurrency, and MicroStrategy&#8217;s gains have significantly boosted the ETF's overall performance.</li>
</ul>
</li>
<li>VanEck Digital Transformation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAPP#NASDAQ">DAPP</a>):
<ul>
<li>MSTR Weighting: 11.03%</li>
<li>YTD Performance: 76.7%</li>
<li>Overview: DAPP invests in companies driving digital transformation through blockchain, with MicroStrategy playing a critical role in its success.</li>
</ul>
</li>
<li>Siren Nasdaq NexGen Economy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCN#NASDAQ">BLCN</a>):
<ul>
<li>MSTR Weighting: 8.04%</li>
<li>YTD Performance: 17.4%</li>
<li>Overview: BLCN focuses on blockchain economy leaders, and MicroStrategy's rise has contributed strongly to the ETF's returns.</li>
</ul>
</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114012/bitcoin-price-hitting-100000-in-november-polymarket-traders-speculate-it-might-go-even-higher">Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher</a>
MicroStrategy's Bitcoin-heavy strategy has propelled its market cap to $11.5 billion in U.S. ETFs, with approximately 22.03 million shares held across these funds. 
As a leader in Bitcoin adoption within corporate treasuries, MicroStrategy's performance has directly influenced the success of the ETFs holding it, offering exposure to Bitcoin via a regulated equity vehicle.
The company, earlier this week, announced an increase in its convertible senior notes offering to $2.6 billion from its initial $1.75 billion, signaling its continued <a href="https://www.benzinga.com/24/11/42090138/microstrategy-stock-is-surging-wednesday-whats-going-on">aggressive stance on Bitcoin accumulation.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone</a></li>
</ul>
Image: Shutterstock

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

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MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR's Bitcoin-Driven Growth

<a href="https://www.reuters.com/technology/crypto-industry-jockeys-seats-trumps-promised-council-2024-11-21/">https://www.reuters.com/technology/crypto-industry-jockeys-seats-trumps-promised-council-2024-11-21/</a>
Nov 21 (Reuters) - A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives.
Campaigning at <a href="https://www.reuters.com/business/finance/trump-cites-china-competition-vowing-create-bitcoin-stockpile-2024-07-27/">a July bitcoin conference</a> in Nashville, Trump promised a new council as part of a crypto-friendly administration. His transition team is discussing how to structure and staff it, and which companies should be included, the people said.
Several top U.S. crypto companies are clamoring for seats at the table. Among them are venture firm Paradigm, said one source, while venture capital giant Andreessen Horowitz's crypto arm a16z is also expected to grab a spot.
"It's being fleshed out, but I anticipate the leading executives from America's bitcoin and crypto firms to be represented," said David Bailey, CEO of Bitcoin Magazine who arranged for Trump to speak at the July conference and has spoken with the President-elect about bitcoin policy.
"People are eager to advise and give input," Bailey said.
A Kraken spokesperson declined to comment, while a spokesperson for a16z did not respond to requests for comment.
Coinbase <a href="https://www.reuters.com/markets/companies/COIN.O">(COIN.O), opens new tab</a> CEO Brian Armstrong recently met with Trump, said a source familiar with the matter, confirming a Monday Wall Street Journal report. It was unclear what they discussed. The source added that Coinbase, the largest U.S. crypto exchange, was also interested in being on the council.
Circle CEO Jeremy Allaire told the New York Times this month he wants to be on the council, a company spokesperson noted.
The crypto council would likely be housed under the White House's National Economic Council, which coordinates and implements the President's economic policies, or a separate White House apparatus, two of the people said.
It is expected to advise on digital asset policy, work with Congress on crypto legislation, establish Trump's promised bitcoin reserve and coordinate between agencies including the Securities and Exchange Commission, Commodity Futures Trading Commission and the Treasury, they and other executives said. The council may also include enforcement representatives and former policymakers, one of the sources said.
&nbsp;
Trump's transition team, which did not respond to a request for comment, is also discussing creating a crypto "tsar" role, two sources said. One added the tsar would likely lead the council. Trump's team is <a href="https://www.bloomberg.com/news/articles/2024-11-20/trump-team-mulls-creating-first-ever-white-house-crypto-role">vetting candidates, opens new tab</a> for that role, Bloomberg reported on Wednesday.
Former CFTC Chair Heath Tarbert, chief legal officer at Circle, and former Republican CFTC commissioner Brian Quintenz, head of policy for a16z crypto, have been advising the Trump transition team on crypto policy, <a href="https://www.reuters.com/world/us/trump-transition-team-considers-current-former-cftc-officials-agency-chair-2024-11-14/">Reuters previously reported</a>.
Excitement over a crypto-friendly Trump administration has helped push bitcoin to record highs and <a href="https://www.reuters.com/technology/bitcoin-breaks-95000-first-time-optimism-over-trump-crypto-plans-2024-11-21/">closer to the long-awaited $100,000 milestone</a>.
Trump courted support and campaign donations from the sector with promises to be a "crypto president" and end President Joe Biden's crackdown on crypto companies that regulators accused of flouting securities and anti-money laundering laws.
The industry is <a href="https://www.reuters.com/sustainability/boards-policy-regulation/crypto-industry-pushes-policy-sea-change-after-trump-victory-2024-11-14/">pushing for</a> executive orders guaranteeing crypto companies' access to banking services, an end to enforcement actions and other changes.
Some consumer groups have warned the crypto industry should not be able to write its own rules, and some of the sources said ethics considerations could slow personnel appointments. But others said it makes sense for industry experts to have a say in critical policy issues.
"It's absolutely the wise choice to put together a council of people who... understand how both the industry ought to be regulated and how to situate the industry to be a strategic asset," said Nathan McCauley, CEO of crypto platform Anchorage Digital, who has urged the Trump team to reverse Biden's stance on crypto.
While presidential advisory councils are not a new concept, there has never been one dedicated to cryptocurrencies, which did not exist until bitcoin's launch in 2009. Biden has multiple councils, including on Science and Technology which was established via executive order in first month he took office.
Kristin Smith, chief executive of crypto trade group the Blockchain Association said setting up the crypto council is something Trump "could do very quickly."
&nbsp;
 &nbsp;

Macro Economic Events

Economics

$BTC

'Crypto Industry Jockeys For Seats At Trump's Promised Council; A Slew Of Crypto Companies Including Ripple, Kraken And Circle Are Jostling For A Seat On President-Elect Donald Trump's Promised Crypto Advisory Council, Seeking A Say In His Planned Overhaul Of U.S. Policy' - Reuters News

Wix.com Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) reported better-than-expected fiscal third-quarter 2024 <a href="https://www.benzinga.com/24/11/42083431/wix-q3-earnings-revenue-hits-4447-million-innovation-fuels-revenue-margin-expansion-and-ai-momentum-fy24-guidance-raised">results on Wednesday</a>.
Revenue grew 13% year over year to $444.7 million, beating the analyst consensus estimate of $444.0 million. Adjusted EPS of $1.50 beat the analyst consensus estimate of $1.43.
Wix.com expects fiscal 2024 revenue of $1.757 billion—$1.764 billion(prior $1.747 billion—$1.761 billion) vs. the consensus of $1.76 billion. Wix.com projects 2024 bookings of $1.822 billion—$1.832 billion(prior$1.802 billion—$1.822 billion).
The company expects to generate free cash flow, excluding headquarters costs, of $483 million—$488 million(prior view $460 million—$470 million). Wix.com expects fourth-quarter revenue of $457 million—$464 million versus consensus $457.08 million.
Wix.com shares gained 3.6% to trade at $217.76 on Thursday.
These analysts made changes to their price targets on Wix.com following earnings announcement.
<ul>
<li>Piper Sandler analyst Clarke Jeffries maintained Wix.com with an Overweight rating and raised the price target from $200 to $249.</li>
<li>Cantor Fitzgerald analyst Deepak Mathivanan maintained the stock with an Overweight and raised the price target from $200 to $240.</li>
<li>RBC Capital analyst Brad Erickson maintained Wix.com with an Outperform and raised the price target from $190 to $245.</li>
<li>Benchmark analyst Mark Zgutowicz maintained the stock with a Buy and raised the price target from $225 to $250.</li>
<li>B. Riley Securities analyst Naved Khan maintained Wix.com with a Buy and raised the price target from $190 to $220.</li>
</ul>
Considering buying WIX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21141521/image-229-1024x562.png" alt="" class="wp-image-659643" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21141521/image-229-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21141521/image-229-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21141521/image-229-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21141521/image-229.png 1190w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/24/11/42117130/this-palo-alto-networks-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Palo Alto Networks Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a></li>
</ul>

These Analysts Boost Their Forecasts On Wix.com After Upbeat Earnings

East West Bancorp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NYSE">EWBC</a>) short percent of float has fallen 10.76% since its last report. The company recently reported that it has 4.47 million shares sold short, which is 3.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.61 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>East West Bancorp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732216520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for East West Bancorp has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing East West Bancorp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, East West Bancorp's peer group average for short interest as a percentage of float is 3.09%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

EWBC

Looking Into East West Bancorp's Recent Short Interest

Equifax's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) short percent of float has risen 13.1% since its last report. The company recently reported that it has 2.48 million shares sold short, which is 2.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Equifax Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732216515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Equifax has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Equifax's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Equifax's peer group average for short interest as a percentage of float is 2.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Equifax?

Yum Brands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) short percent of float has fallen 9.34% since its last report. The company recently reported that it has 6.51 million shares sold short, which is 2.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Yum Brands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732216510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Yum Brands has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Yum Brands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Yum Brands's peer group average for short interest as a percentage of float is 10.20%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Yum Brands?

After a move higher of almost 30%, shares of Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) are trading a little lower on Thursday. This is mostly because of two dynamics. One is profit-taking. The second is remorseful buyers taking advantage of the move to exit their losing positions at breakeven.
This is why it is our Stock of the Day.
The shares gapped higher after the company <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42100904/target-plunges-21-while-williams-sonoma-soars-27-on-same-day">posted strong earnings</a>. A &#8220;gap&#8221; occurs when a stock closes at one price and opens the next day at a price that is much higher. As you can see, that was the case with Williams-Sonoma yesterday.
The closing price on Tuesday was $137.24. The opening price on Wednesday was $172.02. Because there were no trades in between these two levels, there is a blank space or &#8220;gap&#8221; on the chart.
Investors bought aggressively because not only did the company report earnings that were better than estimates, it also raised its operating margin guidance. This was probably more important than the earnings beat.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="532" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma-1024x532.png" alt="" class="wp-image-659634" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma-1024x532.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma-768x399.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma-1536x798.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140935/WilliamsSonoma.png 1582w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Operating margin is the percentage of profit a company makes after all its costs and expenses. In the quarter, the operating margin was 17.8%. This means that for every dollar of sales, the company earned 17.8 cents.
Going forward, Williams raised its operating margin guidance to a range of 17.8% to 18.2%. If operating margins are increasing, it means the company is becoming more efficient.
But the move higher has stalled out. There are two reasons for this.
The first is profit-taking. Whenever a stock makes a large move higher, there are traders and investors who will take advantage of the move to lock in profits.
The second reason is &#8220;buyer's remorse.&#8221;
As you can see on the chart, the stock made a large move higher in May and formed a peak around the $172.50 level. Some of the investors and traders who bought at the peak came to regret their decision to do so after the price plummeted. They have held onto a losing position ever since.
Now that they have a chance to exit their positions at breakeven, they are placing sell orders. These orders and the orders from the profit takers have, at least for now, made the rally stall out or maybe even end. There is a chance the stock will head lower.
Read Next: • <a href="https://www.benzinga.com/24/11/42112078/international-criminal-court-issues-arrest-warrants-for-netanyahu-gallant">International Criminal Court Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Gallant For War Crimes</a>
Photo: JHVEPhoto/Shutterstock

Technicals

Stock Of The Day: Williams-Sonoma Gaps Up, Stalls Out

Wyoming Republican Senator Cynthia Lummis (R-Wyo.) on Thursday proposed converting Federal Reserve-held gold certificates into Bitcoin to establish <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in">a 20-year strategic</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.
In an <a href="https://www.youtube.com/watch?v=xSKRwaK4Lq4">interview</a> with CNBC, Lummis outlined how this initiative could bolster the US economy, reduce national debt and position Bitcoin as a key asset for the country.
<h3 class="wp-block-heading">Gold-To-Bitcoin Conversion: A Debt-Free Solution</h3>
Lummis stressed that the proposal wouldn't require new taxpayer dollars. 
Instead, the government could leverage its existing resources, particularly gold certificates held at the Federal Reserve's 12 banks. 
These certificates, currently valued at 1970s prices, could be updated to reflect their fair market value, sold and reinvested into Bitcoin.
"We wouldn't have to spend any new dollars," she explained, pointing out that the United States already holds over 200,000 Bitcoin in asset forfeiture funds, which could act as a foundational reserve. 
Lummis also emphasized the fiscal prudence of the strategy: "This would be an asset that could help shore up the US dollar as the world reserve currency."
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116475/paying-6-24-million-for-a-duct-taped-banana-justin-sun-did-just-that-and-now-hell-eat-it-as-part-of-this-unique-artistic-experience">Paying $6.24 Million For A Duct-Taped Banana? Justin Sun Did Just That — And Now He&#8217;ll Eat It &#8216;As Part Of This Unique Artistic Experience&#8217;</a>
<h3 class="wp-block-heading">The Case For A Strategic Bitcoin Reserve</h3>
Highlighting Bitcoin&#8217;s unique properties, Lummis described it as immutable, easily stored, and a hedge against inflation. 
She believes a strategic Bitcoin reserve could mitigate inflation&#8217;s effects, provide financial stability and potentially strengthen the US dollar's global standing.
"American people are still hurting from inflation, from high prices, and they want the national debt reduced," Lummis said. "These are ways to do it with an asset that is immutable and can easily be held by the federal government in a variety of vaults."
Lummis compared the proposal to the historical gold standard, noting its relevance in today's digital age. "We got off the gold standard a long time ago, but this would be a way to create a reserve for the future," she said.
<h3 class="wp-block-heading">Addressing Ethical Concerns</h3>
When asked about potential conflicts of interest, given the growing adoption of Bitcoin among policymakers, Lummis argued for transparency and fairness. 
She revealed that her personal Bitcoin holdings are in a blind trust, ensuring her ability to advocate for the cryptocurrency without bias.
"Bitcoin is legal tender in another country. We need to recognize that as Americans," she stated. 
Lummis compared Bitcoin ownership to commodities like cattle, noting that ethical ownership policies can coexist with advocacy. 
"Quite frankly, I believe it should be okay for people to own Bitcoin without doing what I did and putting it in a blind trust."
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">Coinbase CEO Brian Armstrong &#8216;Stands Out&#8217; As Candidate For Donald Trump&#8217;s Reported &#8216;Crypto Czar&#8217; Position, Cardano Co-Founder Says</a></li>
</ul>
Image: Shutterstock

Strategic Bitcoin Reserve Wouldn't Require New Taxpayer Dollars, Says Sen. Cynthia Lummis

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>William Blair analyst Dylan Carden downgraded the rating for Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Outperform to Market Perform. Ulta Beauty shares closed at $343.26 on Wednesday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">B of A Securities analyst Ronald Epstein</a> downgraded RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) from Buy to Neutral but raised the price target from $330 to $335. RBC Bearings shares closed at $324.46 on Wednesday. <a href="https://www.benzinga.com/quote/RBC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Janney Montgomery Scott analyst Robert Farnam downgraded The Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) from Buy to Neutral and announced a $176 price target. Hanover Insurance shares closed at $118.21 on Wednesday. <a href="https://www.benzinga.com/quote/THG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>China Renaissance analyst Yiwen Zhang downgraded the rating for Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) from Buy to Hold and announced a $5.4 price target. Grab Holdings shares closed at $5.66 on Wednesday. <a href="https://www.benzinga.com/quote/PNW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities analyst John Murphy downgraded Adient plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) from Buy to Neutral and lowered the price target from $30 to $24. Adient shares closed at $19.06 on Wednesday. <a href="https://www.benzinga.com/quote/ADNT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ULTA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21133434/image-225-1024x553.png" alt="" class="wp-image-659562" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21133434/image-225-1024x553.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21133434/image-225-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21133434/image-225-768x415.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21133434/image-225.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/24/11/42114009/wall-streets-most-accurate-analysts-weigh-in-on-3-health-care-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 5% Dividend Yields</a></li>
</ul>

Downgrades

ADNT

GRAB

ULTA

This Ulta Beauty Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) reported better-than-expected earnings for its third <a href="https://finance.yahoo.com/news/tjx-companies-q3-earnings-revenue-140011671.html">quarter on Wednesday</a>.
The company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion.
TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company's plan, driven entirely by higher customer transactions.
"I want to specifically highlight our European team for their strong results, which drove the 7% comp increase at our TJX International division," said Ernie Herrman, Chief Executive Officer and President of The TJX Companies.
TJX Companies expects fourth-quarter GAAP EPS to be between $1.12 and $1.14, below the consensus estimate of $1.17. For the fourth quarter, the company continues to expect consolidated comparable store sales to be up 2% to 3%.
For FY25, the company revised its GAAP EPS forecast to $4.15 – $4.17, slightly above the prior guidance of $4.09 – $4.13 and in line with the consensus of $4.16. For the full year fiscal 2025, the company continues to expect consolidated comparable store sales to be up 3%
TJX shares fell 0.5% to trade at $119.20 on Thursday.
These analysts made changes to their price targets on TJX following earnings announcement.
<ul>
<li>Deutsche Bank analyst Gabriella Carbone maintained TJX with a Buy and raised the price target from $130 to $131.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained TJX with an Outperform rating and raised the price target from $138 to $142.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained the stock with an Outperform rating and maintained a $134 price target.</li>
</ul>
Considering buying TJX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140911/image-228-1024x545.png" alt="" class="wp-image-659631" style="width:684px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140911/image-228-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140911/image-228-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140911/image-228-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140911/image-228.png 1250w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

TJX Analysts Increase Their Forecasts After Upbeat Earnings

Baldur&#8217;s Gate 3 is showing no signs of slowing down, with more players jumping into the<a href="https://www.benzinga.com/general/gaming"> game than ever. </a>
According to Michael Douse, Larian Studios' director of publishing, the game's average daily peak concurrent players are up 3% compared to last year, while average daily active users have increased by 20%.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/42093704/starfield-reaches-15-million-players-with-updates-new-content">Starfield Reaches 15 Million Players With Updates, New Content</a>
"If you zoom out on our sales chart, it looks like the heartbeat of a happy little guy," Douse shared on social media platform X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am also happy to announce we have achieved 1 (one) more sale in The Holy See, the Vatican itself. Thank you Mr Pope and enjoy the game.
&mdash; Very AFK (@Cromwelp) <a href="https://twitter.com/Cromwelp/status/1858534543206347137?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">Modding Fuels The Game's Continued Success</h3>
Part of the game's staying power is its modding community. Since Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) backed Larian added official mod support with Patch 7, fans have downloaded over 50 million mods. Some mods have even brought humor to the table, with 10,000 downloads dedicated to renaming Withers, the game's undead NPC, to "Bone Daddy."
Douse described the mods as "very good," reflecting how they continue to attract and engage players. Larian's CEO, Swen Vincke, previously called mod support a way for players to take over and expand the game's world.
<h3 class="wp-block-heading">What's Next For Larian Studios</h3>
While Baldur's Gate 3 remains a hit, Larian is already working on its next projects. The studio <a href="https://www.benzinga.com/general/gaming/24/03/37882963/sad-news-for-baldurs-gate-3-fans-larian-studios-ends-downloadable-content-sequel-plans-moves-beyon">briefly considered Baldur's Gate 4 </a>but decided to explore something new. 
<a href="https://www.benzinga.com/general/gaming/24/05/38938485/larian-studios-creator-of-baldurs-gate-3-launches-seventh-studio-for-very-ambitious-rpgs">Two games are currently in development</a>, both based on original ideas. Larian has teased these as the studio's "best work ever," though details remain secret for now.
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</ul>
Image courtesy: Larian Studios.

Gaming

General

TCEHY

Baldur's Gate 3 Sees More Players In 2024 Than During Launch Year: Here's Why

Deep-pocketed investors have adopted a bearish approach towards Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</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 THC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Tenet Healthcare. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 54% bearish. Among these notable options, 2 are puts, totaling $50,501, and 9 are calls, amounting to $2,559,675.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $170.0 for Tenet Healthcare over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Tenet Healthcare's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tenet Healthcare's whale activity within a strike price range from $80.0 to $170.0 in the last 30 days. 
<h3>Tenet Healthcare Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732216007_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>THC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$68.0</td>
<td>$68.0</td>
<td>$68.0</td>
<td>$80.00</td>
<td>$550.8K</td>
<td align="right">8</td>
<td align="right">270</td>
</tr>
<tr>
<td>THC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$68.1</td>
<td>$68.0</td>
<td>$68.0</td>
<td>$80.00</td>
<td>$530.4K</td>
<td align="right">8</td>
<td align="right">288</td>
</tr>
<tr>
<td>THC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$67.1</td>
<td>$67.1</td>
<td>$67.1</td>
<td>$80.00</td>
<td>$503.2K</td>
<td align="right">8</td>
<td align="right">96</td>
</tr>
<tr>
<td>THC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$67.7</td>
<td>$67.6</td>
<td>$67.6</td>
<td>$80.00</td>
<td>$471.1K</td>
<td align="right">8</td>
<td align="right">186</td>
</tr>
<tr>
<td>THC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$68.1</td>
<td>$68.0</td>
<td>$68.0</td>
<td>$80.00</td>
<td>$122.4K</td>
<td align="right">8</td>
<td align="right">487</td>
</tr>
</tbody>
</table>

<h3>About Tenet Healthcare</h3>
Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 50 as of July 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Following our analysis of the options activities associated with Tenet Healthcare, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Tenet Healthcare</h3>
<ul>
<li>Currently trading with a volume of 1,180,448, the THC's price is down by -2.04%, now at $148.74. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 77 days.</li>
</ul>
<h3>What The Experts Say On Tenet Healthcare</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 $197.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Tenet Healthcare, maintaining a target price of $190. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Tenet Healthcare, which currently sits at a price target of $205. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Tenet Healthcare, which currently sits at a price target of $196. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Tenet Healthcare, targeting a price of $217. 
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Tenet Healthcare, which currently sits at a price target of $177. 
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 Tenet Healthcare with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Check Out What Whales Are Doing With THC

Investors with a lot of money to spend have taken a bullish stance on Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TWLO, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Twilio.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,604, and 7, calls, for a total amount of $311,820.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $140.0 for Twilio during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Twilio's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Twilio's whale activity within a strike price range from $75.0 to $140.0 in the last 30 days. 
<h3>Twilio Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732216001_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>TWLO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$5.9</td>
<td>$5.7</td>
<td>$5.8</td>
<td>$140.00</td>
<td>$87.0K</td>
<td>0</td>
<td>150</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$6.95</td>
<td>$5.75</td>
<td>$7.0</td>
<td>$110.00</td>
<td>$70.0K</td>
<td>1.5K</td>
<td>12</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.02</td>
<td>$2.01</td>
<td>$2.02</td>
<td>$115.00</td>
<td>$40.4K</td>
<td>3.1K</td>
<td>414</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$39.75</td>
<td>$39.15</td>
<td>$39.15</td>
<td>$75.00</td>
<td>$31.3K</td>
<td>20</td>
<td>8</td>
</tr>
<tr>
<td>TWLO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.3</td>
<td>$7.15</td>
<td>$7.15</td>
<td>$105.00</td>
<td>$28.6K</td>
<td>1.1K</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About Twilio</h3>
Twilio is a cloud-based communications platform-as-a-service company offering communication building blocks that allow for a fully customized customer engagement experience spanning voice, video, chat, and SMS messaging. It does this through various application programming interfaces and prebuilt solution applications aimed at improving customer engagement. The company leverages its Super Network, a global network of carrier relationships, to facilitate high-speed, cost-effective communication.
In light of the recent options history for Twilio, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Twilio Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,724,508, with TWLO's price up by 0.68%, positioned at $99.11.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 83 days.</li>
</ul>
<h3>Expert Opinions on Twilio</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $95.8.
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 Piper Sandler continues to hold a Overweight rating for Twilio, targeting a price of $94. 
&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Twilio with a target price of $80. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Twilio, maintaining a target price of $80. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Twilio, which currently sits at a price target of $90. 
&#x2A; In a positive move, an analyst from Monness, Crespi, Hardt has upgraded their rating to Buy and adjusted the price target to $135. 
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 Twilio options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

TWLO

A Closer Look at Twilio's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish stance on Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</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 RIOT, 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 12 uncommon options trades for Riot Platforms.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 8%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $254,409, and 8 are calls, for a total amount of $325,005.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $6.0 to $20.0 for Riot Platforms over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Riot Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Riot Platforms's significant trades, within a strike price range of $6.0 to $20.0, over the past month.
<h3>Riot Platforms 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732215996_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.35</td>
<td>$11.3</td>
<td>$11.3</td>
<td>$20.00</td>
<td>$133.3K</td>
<td>1.4K</td>
<td align="right">162</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.35</td>
<td>$4.2</td>
<td>$4.35</td>
<td>$17.00</td>
<td>$91.3K</td>
<td>5.9K</td>
<td align="right">285</td>
</tr>
<tr>
<td>RIOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.13</td>
<td>$2.01</td>
<td>$2.01</td>
<td>$8.00</td>
<td>$50.2K</td>
<td>8.0K</td>
<td align="right">250</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$10.00</td>
<td>$48.0K</td>
<td>11.6K</td>
<td align="right">432</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.62</td>
<td>$1.53</td>
<td>$1.63</td>
<td>$11.50</td>
<td>$44.8K</td>
<td>22</td>
<td align="right">287</td>
</tr>
</tbody>
</table>

<h3>About Riot Platforms</h3>
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.
In light of the recent options history for Riot Platforms, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Riot Platforms</h3>
<ul>
<li>With a trading volume of 43,553,048, the price of RIOT is down by -0.91%, reaching $12.04.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 91 days from now.</li>
</ul>
<h3>Expert Opinions on Riot Platforms</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $14.625.
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; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $11. 
&#x2A; An analyst from HC Wainwright &amp; Co. has revised its rating downward to Buy, adjusting the price target to $17. 
&#x2A; An analyst from Compass Point has decided to maintain their Buy rating on Riot Platforms, which currently sits at a price target of $13. 
&#x2A; An analyst from Macquarie has decided to maintain their Outperform rating on Riot Platforms, which currently sits at a price target of $17. 
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 Riot Platforms, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

RIOT

This Is What Whales Are Betting On Riot Platforms

Despite the stellar numbers in <a href="https://www.benzinga.com/24/11/42099904/nvidia-q3-earnings-highlights">its latest earnings report</a>, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock slipped 3% in after-hours trading on Wednesday.
In premarket Thursday, Nvidia shares swung between gains and losses, ultimately opening 5% higher before losing steam.
By mid-morning, Nvidia shares were down 1.23%, trading at $144.10—a move many attribute to the priced-for-perfection environment surrounding the AI giant. It seems the market's insatiable appetite for upside surprises left even Nvidia's blockbuster results struggling to impress.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42119226/nvidia-analysts-see-stock-best-positioned-in-ai-not-worried-about-guidance-all-systems-go-for-blackwell-ramp">Nvidia Analysts See Stock &#8216;Best Positioned In AI,&#8217; Not Worried About Guidance: &#8216;All Systems Go For Blackwell Ramp&#8217;</a>
<h2 class="wp-block-heading">Nvidia Stock&#8217;s Underlying Resilience</h2>
The Santa Clara, California-based company reported an 8% beat on earnings per share and a nearly 6% revenue beat <a href="https://www.benzinga.com/quote/NVDA/earnings">compared to estimates</a>. Revenue soared 93.71% year-over-year, reaching $35.1 billion, fueled by the relentless demand for AI chips.
Despite Thursday&#8217;s volatile trading, Nvidia's technical indicators suggest underlying resilience.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21113433/Screenshot-2024-11-21-at-10.04.19-PM.png" alt="" class="wp-image-659262" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21113433/Screenshot-2024-11-21-at-10.04.19-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21113433/Screenshot-2024-11-21-at-10.04.19-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Read Also: <a href="https://www.benzinga.com/24/11/42107863/us-futures-head-lower-as-nvidia-reports-slowdown-in-quarterly-revenue-growth-expert-says-market-weakness-is-perfectly-normal-but-late-november-is-still-possible">US Futures Head Lower As Nvidia Earnings Fail To Impress Investors: Expert Says Market Weakness Is &#8216;Perfectly Normal,&#8217; But Late November Rally Is Still Possible</a>
The stock is trading above its eight-day, 20-day, 50-day and 200-day simple moving averages, signaling a strong bullish foundation:
<ul>
<li>8-day SMA: Nvidia sits at $145.29, above its $145.20 SMA, generating a short-term bullish signal.</li>
<li>20-day SMA: The stock's $145.29 price exceeds the $142.79 average, reinforcing the bullish narrative.</li>
<li>50-day SMA: Nvidia's $145.29 eclipses its 50-day average of $133.52, pointing to solid momentum.</li>
<li>200-day SMA: At $110.41, the 200-day average remains far below current levels, reflecting long-term bullish strength.</li>
</ul>
The MACD (moving average convergence/divergence) indicator also supports a bullish outlook with a reading of 3.19, while the RSI (relative strength index) at 56.51 shows the stock is comfortably neutral, leaving room for further upward movement without triggering overbought alarms.
<h2 class="wp-block-heading">Can Nvidia Break Free?</h2>
Nvidia's fundamentals remain as robust as its AI ambitions, but the question lingers: Can the stock sustain its high-altitude trajectory amid sky-high expectations? 
Investors will be watching closely as Nvidia tries to stabilize after its earnings-induced turbulence.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107674/nvidia-vs-bitcoin-jensen-huang-led-chip-giants-stock-outperformed-the-top-cryptocurrency-over-5-years-heres-how-they-compare-on-other-metrics">Nvidia Vs. Bitcoin: Jensen Huang-Led Chip Giant&#8217;s Stock Outperformed The Top Cryptocurrency Over 5 Years. Here&#8217;s How They Compare On Other Metrics</a></li>
</ul>
Image: Unsplash

Earnings Beats

Tech

NVDA

Nvidia's Post-Earnings Jitters: Can NVDA Stock Regain Its AI-Fueled Momentum?

<a href="https://www.nytimes.com/2024/11/21/business/trump-media-crypto-payment-service.html">https://www.nytimes.com/2024/11/21/business/trump-media-crypto-payment-service.html</a>
Donald J. Trump's social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect's embrace of the crypto industry.
Trump Media &amp; Technology Group <a href="https://tsdr.uspto.gov/#caseNumber=98859006&amp;caseSearchType=US_APPLICATION&amp;caseType=DEFAULT&amp;searchType=statusSearch">filed an application on Monday</a> for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets.
The application was light on details about how the project would work or how close it was to fruition. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters.
Any large-scale crypto project would likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged, after the Financial Times <a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f">reported</a> that Trump Media was in talks to buy it.
&nbsp;
Trump Media did not immediately respond to a request for comment. Bakkt, which is losing money, <a href="https://investors.bakkt.com/news/news-details/2024/Bakkt-Statement-on-Transaction-Rumors/default.aspx">put out a statement</a> on Tuesday saying it does not comment on market speculation or rumors.
Josh Gerben, a Washington D.C.-based trademark lawyer, said that the filing is a way for Trump Media to reserve the TruthFi name if it goes forward with a crypto business. He said that companies can usually reserve a name for as long as a few years. But companies typically file a trademark application with the intent to use it.
"In my experience, most of the time if a client is going to file an application, there is something going on," Mr. Gerben said.
Trump Media is currently valued at around $6.5 billion, despite taking in just over <a href="https://www.nytimes.com/2024/11/06/business/trump-media-stock-price.html">$1 million in revenue</a> in the third quarter — all of it from advertising on Truth Social. With Truth Social struggling to gain new users and advertising despite Mr. Trump's popularity, Trump Media needs new businesses to bolster its revenue.
Mr. Trump has no formal role in the company that bears his name, but he owns nearly 53 percent of Trump Media's stock, and that stake — valued at $3.4 billion — is his most valuable asset. His eldest son, Donald Jr., is a member of Trump Media's board, which is stocked with loyalists to the president-elect.

Bakkt Holdings, Inc. Class A Common Stock

BKKT

'Trump Media May Be Mulling A Crypto Payment Service; The Parent Company Of Truth Social Filed A Trademark Application For A Crypto Payment Service It Called TruthFi' - NY Times

Universal Technical Institute, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) reported better-than-expected earnings for its fourth <a href="https://www.benzinga.com/quote/UTI/earnings">quarter on Wednesday</a>.
The company posted quarterly earnings of 34 cents per share which beat the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $196.36 million which beat the analyst consensus estimate of $191.39 million.
&#8220;We concluded the first stage of our North Star Strategy in fiscal 2024 achieving both strong results and momentum,&#8221; said Jerome Grant, CEO of Universal Technical Institute, Inc. &#8220;We met or exceeded guidance across all key metrics with full year revenue and adjusted EBITDA increasing over 21% and 60% year-over-year, respectively. These results reflect our consistent execution on the growth, diversification, and optimization tenets of our strategic plan as we continue ramping newly launched programs across both divisions, while further improving margins through workforce and facilities optimization.
Universal Technical Institute said it sees FY25 earnings of 93 cents to $1.01 per share on revenue of $800 million to $815 million.
Universal Technical Institute shares jumped 20.3% to trade at $23.92 on Thursday.
These analysts made changes to their price targets on Universal Technical Institute following earnings announcement.
<ul>
<li>Lake Street analyst Eric Martinuzzi maintained Universal Technical with a Buy and raised the price target from $19 to $22.</li>
<li>Barrington Research analyst Alexander Paris maintained the stock with an Outperform rating and raised the price target from $22 to $25.</li>
<li>Truist Securities analyst Jasper Bibb maintained Universal Technical with a Buy and raised the price target from $22 to $26.</li>
</ul>
Considering buying UTI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140124/image-227-1024x535.png" alt="" class="wp-image-659612" style="width:706px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140124/image-227-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140124/image-227-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140124/image-227-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21140124/image-227.png 1192w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42117130/this-palo-alto-networks-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Palo Alto Networks Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a></li>
</ul>

These Analysts Increase Their Forecasts On Universal Technical Institute After Strong Earnings

<a href="https://www.ft.com/content/c61e57aa-3f63-40fa-853a-cfc0eeffc7b0" title="https://www.ft.com/content/c61e57aa-3f63-40fa-853a-cfc0eeffc7b0">https://www.ft.com/content/c61e57aa-3f63-40fa-853a-cfc0eeffc7b0</a>

Management

Global

'Three Bank Of America Bankers In India Depart Over Alleged Client Tips' - Financial Times

Electra reports $5 million financing, stock climbs

Electra Battery Materials Corp (TSE:ELBM) has released an update. Electra Battery Materials Corp has announced the dates for its upcoming Special M...

Electra Battery Materials Sets Date for Special Meeting

Electra Battery Materials Corp (TSE:ELBM) has released an update. Electra Battery Materials Corp announces a special meeting for shareholders on De...

Electra Battery Materials Schedules Key Shareholder Meeting

Electra Battery Materials Corp (TSE:ELBM) has released an update. Electra Battery Materials Corp reported a decline in cash reserves, with cash and...

Electra Battery Materials Corp Reports Q3 Financial Results

Electra Battery Materials GAAP EPS of -C$0.05

"This quarter we have achieved a series of significant milestones reinforcing our position as a leader in the North American battery materials sect...

Electra Battery Materials achieved 'significant milestones' in Q3

Electra Battery Materials Corp (TSE:ELBM) has released an update. Electra Battery Materials Corp has secured significant financial backing, includi...

Electra Battery Materials Advances Refinery and Recycling Efforts

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