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First Republic Bank offers private banking and wealth management services to high-net-worth clients. Services are offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.

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First Republic Bank

JP Morgan analyst Jimmy Bhullar maintains RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) with a Neutral and raises the price target from $265 to $267.

News

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on RenaissanceRe Holdings, Raises Price Target to $267

JP Morgan analyst Michael Rehaut maintains PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Overweight and raises the price target from $141 to $152.

JP Morgan Maintains Overweight on PulteGroup, Raises Price Target to $152

American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) reported second-quarter 2024 financial results and <a href="https://www.benzinga.com//node/39953729" target="_blank" rel="noreferrer noopener">lowered its 2024 EPS outlook.</a>
The airline reported second quarter total operating revenue growth of 2% year-over-year to $14.334 billion, missing the consensus of $14.36 billion.
The adjusted operating margin stood at 9.7% in the second quarter, compared to 15.4% a year ago. Operating expenses increased by 8.9% year over year to $12.95 billion.
The company reported an adjusted EPS of $1.09, down from $1.92 a year ago and <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus $1.05.</a>
In the second quarter, the company generated an operating cash flow of ~$1.1 billion and a free cash flow of ~$850 million.
American Airlines ended the quarter with ~$11.7 billion of total liquidity and reduced its total debt by nearly $680 million in the second quarter. The company is now more than&nbsp;$13 billion, or approximately&nbsp;87%, toward its goal of reducing total debt&nbsp;by&nbsp;$15 billion&nbsp;by the end of 2025.
Revenue passenger miles increased 8.5%, Available seat miles (ASM) was up 8%, and passenger load factor for the quarter was 86.6% compared to 86.2% in the same quarter last year. Total revenue per available seat miles&nbsp;for the quarter declined 5.6%.
The average aircraft fuel price, including related taxes (dollars per gallon), rose 3.3% YoY to $2.70, and the operating cost per ASM increased 0.8%.
&#8220;American has a fleet, network and product built to deliver results, but during the second quarter, we did not perform to our initial expectations due to our prior sales and distribution strategy and an imbalance of domestic supply and demand,&#8221; commented American&#8217;s CEO&nbsp;Robert Isom.
Third-quarter Guidance: American Airlines expects adjusted EPS to be ~breakeven and adjusted operating margin of ~ 2% to 4%.
Total capacity is expected to increase by 2% to 4%, TRASM to decline by 2.5% to 4.5%, and CASM-ex to increase by 1% to 3%.
2024 Guidance: American now expects an adjusted EPS of $0.70 to $1.30 (prior $2.25 to $3.25) <a href="https://www.benzinga.com/calendars/guidance">versus the consensus of $1.81. It expects 2024 operating margin of 3.5% to 5.5%.</a>
Price Action: AAL shares are trading higher by 2.41% at $10.42 at the last check Thursday.
Photo via Shutterstock

Earnings

Equities

Guidance

Movers

General

American Airlines Q2 Earnings: Mixed Performance Amid Cost Pressures, Lowers Annual Profit Outlook

Imax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) reported its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39954668/imax-corporation-reports-second-quarter-2024-earnings-results" rel="noreferrer noopener">second-quarter financial results</a> before the bell Thursday. The stock gained after the print. Here&#8217;s a&nbsp;look at the highlights.&nbsp;
The Details:
Imax reported quarterly EPS of $0.18, which quashed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.07</a>.
The quarterly sales were $88.96 million, down 9% year over year, beating the analyst consensus estimate of $76.01 million.&nbsp;
Content Solutions revenues of&nbsp;$35 million&nbsp;grew by 12% year-on-year, driven by the sale of the commercial and streaming rights of &#8220;The Blue Angels&#8221; documentary.
Technology Products and Services revenues decreased 20% year-on-year to&nbsp;$51 million due to&nbsp;lower box office tied rental revenues and fewer sale and hybrid installations.
The company reported 24 Imax system installations in the quarter, up 20% year over year, and 87 signings for new and upgraded IMAX systems, up 89% year over year.&nbsp;
Rich Gelfond, CEO of IMAX. &#8220;The second quarter offered strong evidence that we are at in inflection point in our business; we are on a tear with system sales activity, our system installations are up significantly, and the slate through 2026 is as strong as we&#8217;ve ever seen.&#8221;
&#8220;Our ongoing strategic network expansion will enable IMAX to fully capitalize on the tremendous film slate over the next several years — featuring new releases from some of our most successful filmmaking partners and studio franchises, as well as a record of at least 14 films shot with IMAX cameras in 2025.&#8221;&nbsp;
Imax raised its Imax system installation guidance to 130 &#8211; 150 for the full year 2024 versus 128 for the full year 2023.
IMAX Price Action: Imax shares are up 9.62% at $19.55 at the last check on Thursday.
Photo via Wikimedia Commons

Tech

IMAX

Why Imax Stock Is Soaring On Thursday

Discover economic bellwether J.B. Hunt&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) key insights and observations from the Q2 2024 Earnings Call:&nbsp;
<h3>Key Participants:</h3>
<ul>
<li>Shelley Simpson, President and CEO</li>
<li>John Kuhlow, CFO</li>
<li>Spencer Frazier, EVP of Sales and Marketing</li>
<li>Nick Hobbs, COO and President of Contract Services</li>
<li>Darren Field, President of Intermodal</li>
<li>Brad Hicks, President of Highway Services and EVP of People</li>
</ul>
<h3>Segment Performance Drivers:</h3>
Intermodal (JBI):
<ul>
<li>Volume down 1% YoY, driven by a 7% decline in the East, partially offset by a 4% increase in transcon business.</li>
<li>Strong demand out of Southern California, with volumes up double digits.</li>
<li>Margin pressure due to market pressure on yields and capacity investments.</li>
<li>Pricing improvements are critical for margin recovery, but volume and operational efficiency are also important.</li>
</ul>
Dedicated Contract Services (DCS):
<ul>
<li>Sold 325 trucks of new deals in Q2.</li>
<li>Expect fleet count to remain flat for the year despite some visibility to fleet losses.</li>
<li>Start-up costs for new trucks will impact Q3 margins.</li>
<li>Competitive pressure in retail replenishment, but strong pipeline and disciplined underwriting.</li>
</ul>
Final Mile Services (FMS):
<ul>
<li>Progress on profit improvement plan.</li>
<li>Mixed demand for big and bulky products; stable for appliances and exercise equipment, soft for furniture.</li>
<li>Net benefit of $1.1 million from claims settlements in Q2.</li>
<li>Focus on revenue quality and cost discipline.</li>
</ul>
Integrated Capacity Solutions (ICS):
<ul>
<li>Gross revenue declined 21% YoY due to a 25% decline in volume, partially offset by a 5% increase in revenue per load.</li>
<li>Gross margins at 14.8%, highest since Q4 2022.</li>
<li>Challenges integrating BNSF Logistics acquisition, but optimistic about the agent model.</li>
<li>Focus on quality revenue and growing with the right customers.</li>
</ul>
Truckload (JBT):
<ul>
<li>Gross revenue down 12% YoY, driven by a 9% decrease in volume and a 4% decrease in revenue per load.</li>
<li>Focus on attracting the right freight and maintaining high service levels.</li>
<li>Excess trailing capacity in the network; working on improving trailer utilization.</li>
</ul>
<h4>Outlook and Timing of Inflection Points:</h4>
Intermodal:
<ul>
<li>Expect full impact of bid cycle pricing in Q3.</li>
<li>Volume growth is critical for margin improvement.</li>
<li>Long-term pricing improvements will lag volume growth.</li>
</ul>
Dedicated:
<ul>
<li>Start-up costs for new trucks will impact Q3, but margins should improve as these costs moderate</li>
<li>Competitive pressure in retail, but strong pipeline and disciplined approach.</li>
</ul>
Final Mile:
<ul>
<li>Expect some customer churn but anticipate normal seasonal margin patterns.</li>
<li>Continued focus on revenue quality and profitability.</li>
</ul>
ICS:
<ul>
<li>Encouraged by seasonal trends and quality revenue growth.</li>
<li>Need to push more volume through the platform for material improvements.</li>
</ul>
<h4>Specific Products and Inventory Changes:</h4>
Quantum Intermodal Service:
<ul>
<li>Exceeding customer expectations in service performance.</li>
<li>Slower than anticipated volume growth, but long runway for future growth.</li>
</ul>
Walmart Intermodal Assets:
<ul>
<li>Added capacity to the network, not fully reflected in current results.</li>
<li>Significant growth capacity remains, with potential to handle 20% more volume.</li>
</ul>
Mexican Traffic Transition:
<ul>
<li>Successful transition to Ferromex from CPKC.</li>
<li>Some initial customer hesitation, but recovering business as the year progresses.</li>
</ul>
<h4>Insights from Analyst Questions</h4>
Volume Trends:
<ul>
<li>Seasonal patterns returning to pre-pandemic norms.</li>
<li>Encouraged by bid compliance and customer demand trends.</li>
</ul>
Margin Recovery:
<ul>
<li>Pricing improvements are essential for margin recovery.</li>
<li>Volume growth and operational efficiency also critical.</li>
</ul>
Customer Conversations:
<ul>
<li>Engaged in peak season planning with customers.</li>
<li>Customers are better at predicting volumes, leading to improved bid compliance.</li>
</ul>
Market Dynamics:
<ul>
<li>Competitive pressures in retail and truckload markets.</li>
<li>Inflationary cost pressures combined with price declines are unique challenges.</li>
</ul>
Strategic Focus:
<ul>
<li>Long-term investments in people, technology, and capacity.</li>
<li>Focus on best-in-class service and creating value for customers.</li>
</ul>
Overall Sentiment:
<ul>
<li>Optimistic about long-term growth despite current challenges.</li>
<li>Encouraged by signs of market stabilization and improving customer demand.</li>
</ul>
This article was created with assistance from Tornado&rsquo;s AI platform (ai.tornado.com).
For more information, visit <a href="https://tornado.com/?utm_source=benzinga&amp;utm_campaign=Earnings&amp;utm_content=JBHT24Q2_A" style="text-decoration:none;">Tornado.com</a>&nbsp;
All views expressed in this article are the authors&#39; own and do not necessarily reflect the position of Nvstr Financial LLC dba Tornado (&ldquo;Tornado&rdquo;) or its affiliates. This communication is for discussion purposes only. Neither Tornado nor the authors endorse any linked content. Statements herein may not be representative of the typical experience of Tornado customers and are no guarantee of future performance or success. The contents of this article and of tornado.com are not investment advice or a recommendation of a securities transaction or investment strategy. Some Tornado content is prepared with assistance from generative AI technology. This is not an order, solicitation, or offer to buy or sell securities or business interests. Investing in stocks is inherently risky; using margin may increase these risks.
Tornado is a member firm of FINRA and SIPC. Further information can be found at tornado.com/about and on FINRA&rsquo;s BrokerCheck website.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Markets

JBHT

Event Summary: J.B. Hunt Transport Services Reports Q2 2024 Earnings In Investor Call

LINE

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

UPDATE: Imax Q2 2024 Adj EPS $0.18 Beats $0.07 Estimate, Sales $89.00M Beat $76.01M Estimate

JP Morgan analyst Brian Cheng maintains Protagonist Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) with a Overweight and raises the price target from $39 to $48.

PTGX

JP Morgan Maintains Overweight on Protagonist Therapeutics, Raises Price Target to $48

Stifel analyst Simon Yarmak maintains Wyndham Hotels &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>) with a Buy and lowers the price target from $91.5 to $89.

Stifel Maintains Buy on Wyndham Hotels & Resorts, Lowers Price Target to $89

JP Morgan analyst Jared Dinges maintains Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) with a Overweight and raises the price target from $110 to $125.

JP Morgan Maintains Overweight on Philip Morris Intl, Raises Price Target to $125

Stifel analyst Daniel Arias maintains Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Buy and raises the price target from $600 to $615.

Stifel Maintains Buy on Thermo Fisher Scientific, Raises Price Target to $615

BOSC

ISRA

BOS Better Online Solutions' Intelligent Robotics Division Successfully Installs Robotic Palletizing Cells For Industrial And Retail Customers In Israel

Stifel analyst Brad Reback maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $820 to $900.

Stifel Maintains Buy on ServiceNow, Raises Price Target to $900

Market Summary

AMZN

Benzinga Market Summary: US Economy Grew At 2.8% In Q2 Exceeding Expectations, Ford Falls On Missed Earnings, NBA Chooses Amazon Over Warner Bros As TV Partner

<ul>
<li>Tesla&#39;s stock dropped significantly by over 8% in pre-market trading due to disappointing second-quarter earnings.</li>
<li>Despite maintaining its position as the leading electric vehicle seller in the U.S., Tesla is gradually losing market share to competitors.</li>
<li>Tesla&#39;s stock experienced a 12% drop on Wednesday.</li>
</ul>
Tesla Inc&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) stock took a big hit, dropping over 8% in pre-market trading after the release of its second-quarter earnings, which disappointed analysts. The expected earnings per share were $0.62, but the actual figure was only $0.52.
This led to a swift reaction from investors and a drop in Tesla&#39;s share value. A major concern in the earnings report was a 7% decline in automotive revenue, totaling $19.9 billion compared to last year.
Additionally, Tesla&#39;s adjusted profit margin decreased, raising worries about the company&#39;s profitability in a competitive market.
To combat falling sales and increased competition, especially from the Chinese market, Tesla has had to cut prices and offer discounts, highlighting the challenges the electric vehicle maker faces.
Although Tesla remains the top electric vehicle seller in the U.S., it is slowly losing market share to competitors. This decline is partly due to its aging product lineup, which hasn&rsquo;t seen significant updates or new models recently.
The situation is further complicated by CEO Elon Musk&#39;s controversial political comments, which have divided consumer opinions and shaken investor confidence.
During the recent earnings call, Elon Musk quickly shifted the discussion to future growth opportunities, including plans for a new mass-market vehicle expected to launch in the latter half of next year.
He also revisited the idea of robotaxis, which aims to turn Tesla vehicles into a network of autonomous ride-hailing services. This vision could make Tesla cars income-generating assets for owners, supporting a new model of urban transportation.
However, investors remain concerned about Musk&#39;s history of ambitious promises often falling behind schedule.
Wednesday ended on a tough note for Tesla, with the stock dropping 12%, which is sharper than its opening price. This decline has brought attention to the $200 level, a key psychological point that aligns with the daily 200 simple moving average.
<img alt="2024-07-25_09-08-23.png" src="https://www.benzinga.com/files/u517520/2024-07-25_09-08-23.png" style="height:308px; width:624px" />
If the stock keeps falling, this level could act as an important support point and might lead to a rebound if it holds. Tesla&#39;s stock has been quite volatile this year, peaking with a 36% increase in July but now showing just a 10% gain for the month.
Overall, the company has seen a 12% decline this year, highlighting the challenges it faces. As Tesla prepares to launch new models and technologies, how the market reacts will be crucial for its financial future.
After the closing bell on Wednesday, July 24, the stock closed at $215.99, trading down by 12.33%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Trading Ideas

TSLA

Tesla Faces A Tough Road Ahead As Stock Closes Down 12% After Declining Revenue And Disappointing Earnings Results

Deep-pocketed investors have adopted a bearish approach towards KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</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 KLAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for KLA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable options, 6 are puts, totaling $442,900, and 2 are calls, amounting to $95,910.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $640.0 to $1000.0 for KLA over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for KLA options trades today is 93.67 with a total volume of 178.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KLA's big money trades within a strike price range of $640.0 to $1000.0 over the last 30 days.
<h3>KLA 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721916275_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KLAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$41.1</td>
<td>$37.5</td>
<td>$41.1</td>
<td>$790.00</td>
<td>$172.6K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>KLAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$19.1</td>
<td>$13.3</td>
<td>$14.9</td>
<td>$700.00</td>
<td>$110.2K</td>
<td style="text-align: right;">107</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>KLAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$70.0</td>
<td>$60.1</td>
<td>$65.0</td>
<td>$640.00</td>
<td>$65.0K</td>
<td style="text-align: right;">47</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>KLAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$23.7</td>
<td>$17.3</td>
<td>$20.6</td>
<td>$1000.00</td>
<td>$61.8K</td>
<td style="text-align: right;">107</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>KLAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$15.2</td>
<td>$13.3</td>
<td>$15.2</td>
<td>$700.00</td>
<td>$39.5K</td>
<td style="text-align: right;">107</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About KLA</h3>
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
In light of the recent options history for KLA, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of KLA</h3>
<ul>
<li>Currently trading with a volume of 169,334, the KLAC's price is up by 0.96%, now at $763.02. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 90 days.</li>
</ul>
<h3>Expert Opinions on KLA</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $887.0.
<ul>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for KLA, targeting a price of $680. </li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on KLA, which currently sits at a price target of $980. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on KLA with a target price of $875. </li>
<li>Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on KLA with a target price of $950. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $950. </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 KLA with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

KLAC

Looking At KLA's Recent Unusual Options Activity

Financial giants have made a conspicuous bullish move on Align Tech. Our analysis of options history for Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $691,540, and 3 were calls, valued at $98,670.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $300.0 for Align Tech, spanning the last three 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 Align Tech's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Align Tech's significant trades, within a strike price range of $240.0 to $300.0, over the past month.
<h3>Align Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721916270_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALGN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$8.0</td>
<td>$7.9</td>
<td>$8.0</td>
<td>$240.00</td>
<td>$206.4K</td>
<td>1.0K</td>
<td style="text-align: right;">347</td>
</tr>
<tr>
<td>ALGN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$8.7</td>
<td>$4.9</td>
<td>$7.4</td>
<td>$240.00</td>
<td>$180.8K</td>
<td>1.0K</td>
<td style="text-align: right;">589</td>
</tr>
<tr>
<td>ALGN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$13.7</td>
<td>$11.6</td>
<td>$13.4</td>
<td>$250.00</td>
<td>$100.5K</td>
<td>47</td>
<td style="text-align: right;">221</td>
</tr>
<tr>
<td>ALGN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$9.3</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$240.00</td>
<td>$99.1K</td>
<td>1.0K</td>
<td style="text-align: right;">824</td>
</tr>
<tr>
<td>ALGN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$12.6</td>
<td>$8.8</td>
<td>$10.8</td>
<td>$250.00</td>
<td>$78.2K</td>
<td>47</td>
<td style="text-align: right;">73</td>
</tr>
</tbody>
</table>

<h3>About Align Tech</h3>
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans, and iTero scans make up over half of these scans.
In light of the recent options history for Align Tech, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Align Tech</h3>
<ul>
<li>With a trading volume of 256,644, the price of ALGN is down by -3.53%, reaching $236.16.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 90 days from now.</li>
</ul>
<h3>What The Experts Say On Align Tech</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $330.0.
<ul>
<li>An analyst from Piper Sandler persists with their Overweight rating on Align Tech, maintaining a target price of $330. </li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Align Tech with a target price of $315. </li>
<li>An analyst from Stifel persists with their Buy rating on Align Tech, maintaining a target price of $350. </li>
<li>An analyst from Baird has decided to maintain their Outperform rating on Align Tech, which currently sits at a price target of $325. </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 Align Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ALGN

What the Options Market Tells Us About Align Tech

Investors with a lot of money to spend have taken a bullish stance on NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with NXPI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for NXP Semiconductors.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $342,600, and there was 1 call, for a total amount of $45,000.
<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 $250.0 to $280.0 for NXP Semiconductors over the last 3 months. 
<h3>Volume &amp; Open Interest Development</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 NXP Semiconductors'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 NXP Semiconductors's whale activity within a strike price range from $250.0 to $280.0 in the last 30 days. 
<h3>NXP Semiconductors Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721916266_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NXPI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$7.1</td>
<td>$4.2</td>
<td>$6.3</td>
<td>$252.50</td>
<td>$81.9K</td>
<td style="text-align: right;">515</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>NXPI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$12.0</td>
<td>$10.9</td>
<td>$11.8</td>
<td>$260.00</td>
<td>$63.3K</td>
<td style="text-align: right;">147</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>NXPI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$6.6</td>
<td>$4.3</td>
<td>$5.55</td>
<td>$252.50</td>
<td>$49.3K</td>
<td style="text-align: right;">515</td>
<td style="text-align: right;">139</td>
</tr>
<tr>
<td>NXPI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$8.8</td>
<td>$7.4</td>
<td>$8.01</td>
<td>$257.50</td>
<td>$47.0K</td>
<td style="text-align: right;">447</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>NXPI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$3.0</td>
<td>$1.55</td>
<td>$3.0</td>
<td>$250.00</td>
<td>$45.0K</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">21</td>
</tr>
</tbody>
</table>

<h3>About NXP Semiconductors</h3>
NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.
<h3>Where Is NXP Semiconductors Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 291,371, with NXPI's price down by -2.21%, positioned at $248.78.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 102 days.</li>
</ul>
<h3>Professional Analyst Ratings for NXP Semiconductors</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 $331.0.
<ul>
<li>Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on NXP Semiconductors with a target price of $350. </li>
<li>An analyst from Stifel has decided to maintain their Hold rating on NXP Semiconductors, which currently sits at a price target of $275. </li>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $350. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for NXP Semiconductors, targeting a price of $330. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $350. </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 NXP Semiconductors with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

NXPI

This Is What Whales Are Betting On NXP Semiconductors

Stifel analyst Michael Hoffman maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Buy and raises the price target from $215 to $230.

Stifel Maintains Buy on Republic Servs, Raises Price Target to $230

JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and raises the price target from $176 to $193.

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