Option chain shows key data for FS CR REAL EST INCOME I by FS CREDIT REAL ESTATE INCOME TRUST, INC.'s stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for FS CR REAL EST INCOME I by FS CREDIT REAL ESTATE INCOME TRUST, INC..

FS CR REAL EST INCOME I by FS CREDIT REAL ESTATE INCOME TRUST, INC. (OTC:FSREI) Stock, Option Chain

FS CR REAL EST INCOME I by FS CREDIT REAL ESTATE INCOME TRUST, INC.

Needham analyst Tom Nikic initiated coverage on Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Buy rating and <a href="https://www.benzinga.com/quote/FL/analyst-ratings" target="_blank" rel="noreferrer noopener">a price forecast of $27</a>.
The analyst writes that Foot Locker is positioned for an earnings recovery in 2025, with improvements expected from a strengthened Nike, Inc partnership, growth in non-Nike brands, recent SG&amp;A investments, and the recovery of merchandise margins.
Despite a current lull post-back-to-school, the analyst expects trends to pick up after Thanksgiving and is encouraged by a recent consumer survey indicating strong holiday interest in sneakers.
Nikic notes that Foot Locker faced challenges due to Nike&#8217;s decision to reduce high-demand product supply but believes Nike&#8217;s shift to increase product allocations to Foot Locker starting in the fourth-quarter of 2024 will drive positive sales growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/11/42144102/california-has-the-finest-weed-in-the-world-says-lab-expert-and-how-to-save-its-struggling-market" rel="noreferrer noopener">California Has The Finest Weed In The World, Says Lab Expert, And How To Save Its Struggling Market</a>
Additionally, Foot Locker is benefiting from expanding Hoka and On availability, along with strengthened relationships with brands like Adidas AG, New Balance, Crocs, Inc., and UGG.
The analyst explains that Foot Locker&#8217;s EBIT margin was significantly lower last year compared to pre-COVID levels and is only expected to see modest improvement in FY24 due to aggressive long-term growth investments.
However, as spending tapers off next year, Foot Locker is expected to leverage these investments to expand margins.
Additionally, with merchandise margins still over 300bps below pre-COVID levels, there is further opportunity for gross margin improvement, Nikic adds.
The analyst projects the company to report FY24 revenues of $8.164 billion and earnings per share of $1.61.
Price Action: FL stock is up 1.67% at $22.83 at last check Friday.
Photo by Sorbis via Shutterstock
Read Next:
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</ul>

Analyst Color

Equities

News

Price Target

Initiation

Analyst Ratings

Trading Ideas

General

ADDYY

CROX

Foot Locker To Gain From Strengthened Partnership With Nike: Analyst Forecasts Earnings Recovery Next Year

Offerings

Citizens Inc. Files Prospectus For Up To 5M Shares Of Co's Class A Common Stock Under Stock Investment Plan

<a href="https://www.cpsc.gov/Recalls/2023/YETI-Recalls-1-9-Million-Soft-Coolers-and-Gear-Cases-Due-to-Magnet-Ingestion-Hazard" title="https://www.cpsc.gov/Recalls/2023/YETI-Recalls-1-9-Million-Soft-Coolers-and-Gear-Cases-Due-to-Magnet-Ingestion-Hazard">https://www.cpsc.gov/Recalls/2023/YETI-Recalls-1-9-Million-Soft-Coolers-and-Gear-Cases-Due-to-Magnet-Ingestion-Hazard</a>

YETI

'YETI Recalls 1.9 Million Soft Coolers and Gear Cases Due to Magnet Ingestion Hazard' -CPSC

Whales with a lot of money to spend have taken a noticeably bullish stance on Intel.
Looking at options history for Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $89,850 and 12, calls, for a total amount of $430,148.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $55.0 for Intel, spanning the last three months.
<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 Intel'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 Intel's whale activity within a strike price range from $3.0 to $55.0 in the last 30 days. 
<h3>Intel Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732304818_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>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$7.2</td>
<td>$7.15</td>
<td>$7.15</td>
<td>$25.00</td>
<td>$71.5K</td>
<td>3.9K</td>
<td align="right">106</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.5</td>
<td>$29.9</td>
<td>$30.5</td>
<td>$55.00</td>
<td>$64.0K</td>
<td>107</td>
<td align="right">21</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.68</td>
<td>$20.00</td>
<td>$56.8K</td>
<td>5.2K</td>
<td align="right">100</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$21.95</td>
<td>$21.6</td>
<td>$21.9</td>
<td>$3.00</td>
<td>$43.8K</td>
<td>678</td>
<td align="right">24</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$22.5</td>
<td>$21.5</td>
<td>$21.79</td>
<td>$3.00</td>
<td>$32.6K</td>
<td>678</td>
<td align="right">44</td>
</tr>
</tbody>
</table>

<h3>About Intel</h3>
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.
Following our analysis of the options activities associated with Intel, we pivot to a closer look at the company's own performance.
<h3>Current Position of Intel</h3>
<ul>
<li>With a volume of 19,803,350, the price of INTC is up 0.35% at $24.52. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 62 days.</li>
</ul>
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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 Intel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

INTC

Intel Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Wells Fargo.
Looking at options history for Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $459,983 and 6, calls, for a total amount of $1,644,858.
<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 $70.0 to $105.0 for Wells Fargo during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Wells Fargo'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 Wells Fargo's whale trades within a strike price range from $70.0 to $105.0 in the last 30 days. 
<h3>Wells Fargo Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732304812_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.62</td>
<td>$2.58</td>
<td>$2.6</td>
<td>$77.50</td>
<td>$1.0M</td>
<td>10.1K</td>
<td>4.1K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.65</td>
<td>$1.63</td>
<td>$1.65</td>
<td>$80.00</td>
<td>$430.2K</td>
<td>15.4K</td>
<td>2.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$9.25</td>
<td>$9.05</td>
<td>$9.05</td>
<td>$72.50</td>
<td>$161.9K</td>
<td>793</td>
<td>179</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$30.15</td>
<td>$29.35</td>
<td>$29.97</td>
<td>$105.00</td>
<td>$149.8K</td>
<td>100</td>
<td>50</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$5.1</td>
<td>$4.9</td>
<td>$4.92</td>
<td>$80.00</td>
<td>$98.4K</td>
<td>222</td>
<td>200</td>
</tr>
</tbody>
</table>

<h3>About Wells Fargo</h3>
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
After a thorough review of the options trading surrounding Wells Fargo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Wells Fargo's Current Market Status</h3>
<ul>
<li>Trading volume stands at 6,445,834, with WFC's price up by 1.14%, positioned at $75.68.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 54 days.</li>
</ul>
<h3>What Analysts Are Saying About Wells Fargo</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $79.5.
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 Citigroup has decided to maintain their Neutral rating on Wells Fargo, which currently sits at a price target of $82. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Wells Fargo with a target price of $77. 
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 Wells Fargo options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Wells Fargo's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on Occidental Petroleum.
Looking at options history for Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $146,300 and 6, calls, for a total amount of $255,160.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $55.0 for Occidental Petroleum over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Occidental Petroleum's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Occidental Petroleum's substantial trades, within a strike price spectrum from $50.0 to $55.0 over the preceding 30 days.
<h3>Occidental Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732304807_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.35</td>
<td>$3.45</td>
<td>$50.00</td>
<td>$69.0K</td>
<td>9.7K</td>
<td>255</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$6.4</td>
<td>$6.25</td>
<td>$6.35</td>
<td>$55.00</td>
<td>$63.5K</td>
<td>1.0K</td>
<td>106</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$2.75</td>
<td>$2.68</td>
<td>$2.69</td>
<td>$50.00</td>
<td>$53.8K</td>
<td>452</td>
<td>411</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.49</td>
<td>$0.46</td>
<td>$0.47</td>
<td>$55.00</td>
<td>$47.0K</td>
<td>18.5K</td>
<td>2.3K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.5</td>
<td>$4.45</td>
<td>$4.5</td>
<td>$55.00</td>
<td>$31.0K</td>
<td>2.9K</td>
<td>73</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>With a trading volume of 4,452,147, the price of OXY is up by 0.61%, reaching $51.85.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 82 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $65.6.
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 Susquehanna has decided to maintain their Positive rating on Occidental Petroleum, which currently sits at a price target of $65. 
&#x2A; Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Occidental Petroleum, targeting a price of $78. 
&#x2A; An analyst from Stephens &amp; Co. has decided to maintain their Overweight rating on Occidental Petroleum, which currently sits at a price target of $71. 
&#x2A; An analyst from JP Morgan downgraded its action to Neutral with a price target of $56. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $58. 
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 Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About Occidental Petroleum

<a href="https://www.theglobeandmail.com/business/article-us-investor-bill-ackman-acquires-26-billion-stake-in-brookfield-corp/" title="https://www.theglobeandmail.com/business/article-us-investor-bill-ackman-acquires-26-billion-stake-in-brookfield-corp/">https://www.theglobeandmail.com/business/article-us-investor-bill-ackman-acquires-26-billion-stake-in-brookfield-corp/</a>

Insider Trades

U.S. Investor Bill Ackman Acquires $2.6B Stake In Brookfield Corp- Globe And Mail

For over 30 years before the COVID-19 pandemic, investors thrived during what is often referred to as the Great Moderation. Despite a painful episode with the Great Recession, this period saw relatively stable economic conditions, with <a href="https://www.benzinga.com/topic/inflation">fewer recessions, lower inflation</a>, and diminished volatility.
The rise of globalization and free trade during this era provided corporations access to cheaper labor and production resources, bolstering profits and encouraging growth. However, according to Liz Ann Sonders, chief investment strategist at Charles Schwab, this <a href="https://www.schwab.com/learn/story/is-next-temperamental-era-upon-us">stability era</a> has ended. Sonders has coined the current phase the &#8216;Temperamental Era,&#8217; a period she likens to the volatile economic landscape of the mid-1960s through the early 1990s.
Sonders sees this era as one with increased volatility in economic performance and inflation. Since 2020, dramatic swings in GDP growth have become commonplace, with sharp contractions followed by rapid rebounds—similar to the patterns seen in the latter half of the 20th century.
Inflation has also become more volatile, reminding economists of the 1970s. Back then, the Federal Reserve declared victory over inflation prematurely, leading to policy missteps and back-to-back recessions in the early 1980s. Sonders notes that the current environment is similarly characterized by uncertainty in inflation trends, accompanied by ongoing supply chain reconfigurations and geopolitical tensions.
As companies move toward nearshoring or regional diversification, they drive a shift in supply chain management. Although this strategy enhances resilience, it also raises production costs due to limited regional capacities. Meanwhile, the re-emergence of geopolitical rivalries, particularly between the U.S. and China, and NATO and Russia, causes tensions, increasing the likelihood of trade restrictions, tariffs, and supply risks, further fueling inflationary pressures.
Also Read: <a href="https://www.benzinga.com/government/regulations/24/11/42143421/staggering-google-breakup-proposal-from-doj-a-kitchen-sink-moment-alphabet-analyst">&#8216;Staggering&#8217; Google Breakup Proposal From DOJ A &#8216;Kitchen Sink Moment&#8217;: Alphabet Analyst</a>
ING's research last year <a href="https://www.ing.com/Newsroom/News/Inflations-second-wave-Are-we-really-watching-a-70s-rerun.htm">found</a> that while a repeat of the 1970s inflationary crisis is not inevitable, the risks of higher and more volatile inflation and central bank rates over the next decade are significant.
Shortages of key materials, partly driven by the green energy transition and geopolitical conflicts, could exert upward pressure on prices. Additionally, worker power gradually increases due to labor shortages, pushing wages upward. Accompanied by tighter fiscal and monetary policies designed to curb inflation, the environment limits the flexibility of governments and central banks to respond to future crises.
For investors, this new era demands a shift in strategy. The low-interest-rate environment of the Great Moderation enabled even weak companies to survive on cheap borrowing, but that era is over. Instead, Charles Schwab sees the importance of focusing on fundamentals when selecting stocks.
They note price-to-cash flow, price momentum, and return volatility as metrics of interest. Price-to-cash flow helps investors gauge a company's ability to sustain operations and meet financial obligations. Price momentum identifies stocks with favorable trends, as past performance often predicts short-term direction. Lastly, return volatility (Beta) measures the stability of a stock's price movements, with lower volatility typically signaling a less risky investment.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42140842/sp-500-faces-volatile-2025-as-inflation-boom-could-return-bank-of-america-strategist">S&amp;P 500 Faces Volatile 2025 As &#8216;Inflation Boom&#8217; Could Return: Bank Of America Strategist</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Opinion

Economics

Why Volatility Is The New Normal: From Great Moderation To 'Temperamental Era'

Wall Street analysts rerated Gap, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) after the company reported upbeat third-quarter print Thursday.
The <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/42141895/whats-going-on-with-gap-shares-friday" rel="noreferrer noopener">company reported sales</a> of $3.829 billion, beating analyst consensus of $3.812 billion. Earnings per share of 72 cents topped analyst estimates of 57 cents.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42141911/amazon-and-anthropic-deepen-4-billion-ai-partnership-with-claude-35-launch" rel="noreferrer noopener">Amazon Strengthens Anthropic Partnership with $8 Billion AI Investment</a>
It now expects fiscal 2024 revenue of $15.124 billion &#8211; $15.198 billion, above the consensus of $14.956 billion.
BMO Capital analyst Simeon Siegel maintained Gap with a Market Perform and raised the <a target="_blank" href="https://www.benzinga.com/quote/GAP/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$23&nbsp;to&nbsp;$25</a>.
Telsey Advisory Group analyst Dana Telsey reiterated Gap with a Market Perform and a $26&nbsp;price target.
BofA Securities analyst Lorraine Hutchinson maintained Gap with a Neutral and raised the price target from&nbsp;$25&nbsp;to&nbsp;$28.
Guggenheim analyst Robert Drbul reiterated a Buy rating on Gap with a price target of $35.
BMO Capital: Gap reported third-quarter EPS that significantly exceeded expectations, with sales slightly surpassing estimates.
Key drivers included robust gross margin improvement, supported by more substantial merchandise margins and ROD leverage. Banana Republic, Gap, and Athleta exceeded expectations, while Old Navy met projections despite weather-related challenges. Management highlighted market share gains across all brands and raised its guidance for full-year sales, gross margin, and EBIT growth.
Old Navy sales were flat year-over-year, marking a moderation from prior quarters but maintaining momentum. Unseasonably warm weather impacted the performance of children&#8217;s apparel, but sales rebounded as weather patterns normalized.
Gap Brand delivered its fourth consecutive quarter of positive comparable sales, growing 3% year-over-year, driven by strong product and marketing execution.
Banana Republic experienced 2% year-over-year growth, with continued emphasis on improving fundamentals and success in the men&#8217;s category.
Athleta achieved its most robust growth in two years, with sales increasing 4% year-over-year. New product launches and marketing resonated with customers, driving share gains.
Gap&#8217;s gross margin reached 42.7%, exceeding the Street&#8217;s 42.1% estimate, with a 140-basis-point year-over-year expansion. 90-basis-point merchandise margin growth and operating leverage were key contributors. However, fourth-quarter gross margins are expected to remain flat when adjusted for ROD deleverage from calendar shifts.
Telsey Advisory Group: Telsey provided a detailed assessment of Gap following its third-quarter earnings report. The company exceeded expectations across multiple metrics, reflecting strong operational discipline under its new leadership.
Gap has demonstrated clear progress under its strategic focus on operational discipline, inventory efficiency, and brand portfolio growth. However, the analyst cautions that sustained consistency in performance and long-term profitability will be critical for investor confidence. The positive momentum in sales and profitability efforts suggests Gap is stabilizing its business and positioning itself for future growth.
The price target is based on an 11.5x multiple of the two-year forward EPS estimate of $2.26. While this valuation is slightly below Gap&#8217;s historical average of 13.1x, it reflects the company&#8217;s ongoing challenges in a competitive retail environment.
BofA Securities: Hutchinson highlighted its sales and margin performance while cautioning about future margin expansion.
Gap delivered adjusted EPS of $0.72, outperforming Hutchinson&#8217;s estimate of $0.54 and the consensus projection of $0.57. The beat was supported by 1.6% sales growth, gross margin improvement, and effective SG&amp;A management. Comps were positive at Athleta (+5%) and Gap (+3%). Management raised its fiscal 2024 guidance, reflecting the third-quarter outperformance.
Hutchinson raised fiscal 2024 and fiscal 2025 EPS estimates by 9% and 5%, respectively, projecting $1.97 and $1.99. The analyst increased the price target to $28, based on a 6x 2025 estimated EV/EBITDA.
Management raised its fiscal 2024 guidance for sales, gross margin, and operating income. Hutchinson expects gross margin to improve by 350 basis points compared to 2019, driven by reduced promotions and more vital full-price selling.
However, Hutchinson highlighted that while Gap has achieved significant cost savings, management may prioritize reinvesting efficiencies into growth initiatives and inflation offsets rather than improving the bottom line.
Hutchinson&#8217;s price target of $28 reflects a 6x 2025 estimated EV/EBITDA, consistent with peer averages. This valuation balances risks tied to Gap&#8217;s exposure to low-income consumers and freight costs against its turnaround potential and Athleta&#8217;s relatively more robust performance.
While Hutchinson acknowledges the company&#8217;s improved sales trajectory, remains cautious on further margin growth.
Guggenheim: Drbul highlighted the company&#8217;s earnings beat, strategic progress, and upwardly revised guidance. The quarter marked the company&#8217;s fourth consecutive quarter of top-line growth and seventh quarter of market share gains.
Drbul values Gap at 15.2x 2025 EPS, a premium to its five-year average multiple of 12.5x, reflecting confidence in ongoing operational improvements and growth potential.
He highlighted the strength of the Old Navy and Athleta brands as critical drivers, particularly noting Athleta&#8217;s position in an attractive apparel segment. With a ~3% dividend yield, Drbul views Gap shares as offering a compelling risk-reward profile supported by significant asset value and strategic optionality.
Drbul&#8217;s price target underscores optimism about Gap&#8217;s ability to sustain its momentum, deliver margin expansion, and execute its reinvigoration initiatives successfully.
Price Action: GAP stock is up 11.2% at $24.51 at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42140725/snap-denies-facilitating-child-exploitation-seeks-dismissal-of-state-lawsuit" target="_blank" rel="noreferrer noopener">Snap Denies Child Exploitation Allegations, Wants Lawsuit Dismissed</a></li>
</ul>

Reiteration

Gap's Growth Drivers: Market Share Gains, Brand Momentum, And Raised Guidance – Analysts Weigh In

A recent study <a href="https://www.nature.com/articles/s41598-024-79931-w">published</a> in Scientific Reports explores the strategies individuals use to navigate challenging psychedelic experiences and how these responses relate to emotional breakthroughs. Researchers from University College London conducted a mixed-methods investigation, combining qualitative analyses of <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a> retreat participants&#8217; experiences with a broader survey involving 529 individuals who reported past psychedelic use.
<h3 class="wp-block-heading">Three Core Strategies Identified</h3>
The study developed the Responses to Challenging Psychedelic Experiences Inventory (ReCiPE), revealing three key coping strategies:
<ul>
<li>Acceptance and Reappraisal: Emphasizing surrender and acceptance of the experience, this approach was most strongly associated with emotional breakthroughs.</li>
<li>Sensory Regulation and Physical Interaction: Strategies such as intentional breathing, movement or environmental engagement helped participants manage distress.</li>
<li>Social Support and Disclosure: Seeking help or sharing experiences with others proved beneficial, reinforcing the role of interpersonal dynamics during challenging moments.</li>
</ul>
<h3 class="wp-block-heading">Fear Vs. Breakthroughs</h3>
The research found that not all challenges led to positive outcomes. Fear-related experiences often hindered emotional breakthroughs, whereas grief and death-related challenges were more likely to result in transformative insights. This suggests that the type of distress experienced during a psychedelic session plays a significant role in determining therapeutic outcomes. 
See also: <a href="https://www.benzinga.com/markets/cannabis/23/06/32800473/psychedelic-trip-dos-and-donts-what-to-avoid-during-your-psychedelic-experience">Psychedelic Trip Do&#8217;s And Don&#8217;ts: What To Avoid During Your Psychedelic Experience</a>
<h3 class="wp-block-heading">Implications For Psychedelic-Assisted Therapy</h3>
The findings highlight the importance of equipping individuals with adaptive coping strategies, particularly through acceptance-based approaches such as mindfulness or Acceptance and Commitment Therapy. Tailored interventions that address fear and promote cognitive reappraisal could enhance the safety and efficacy of <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic-assisted therapies</a>.
As the study authors conclude, "The paradoxical positive therapeutic role of challenging psychedelic experiences may depend on the kind of challenge faced and the individual's ability to employ adaptive response strategies."
Cover image made with AI

Cannabis

Psychedelics

How To Navigate Difficult Psychedelic Journeys: Research Insights

WIIM

UPXI

Upexi shares are trading higher. The company announced it received a Non Compliance letter from the Nasdaq.

Investors with a lot of money to spend have taken a bullish stance on Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</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 ALAB, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Astera Labs.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $104,790, and 5 are calls, for a total amount of $588,530.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $110.0 for Astera Labs during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Astera Labs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Astera Labs's significant trades, within a strike price range of $90.0 to $110.0, over the past month.
<h3>Astera Labs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732303890_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.7</td>
<td>$10.6</td>
<td>$11.3</td>
<td>$110.00</td>
<td>$394.3K</td>
<td>1.8K</td>
<td>2.1K</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.5</td>
<td>$8.1</td>
<td>$8.2</td>
<td>$105.00</td>
<td>$64.7K</td>
<td>1.6K</td>
<td>295</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.2</td>
<td>$10.0</td>
<td>$10.1</td>
<td>$110.00</td>
<td>$50.5K</td>
<td>1.8K</td>
<td>2.2K</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$21.3</td>
<td>$20.6</td>
<td>$20.6</td>
<td>$90.00</td>
<td>$49.4K</td>
<td>2.2K</td>
<td>35</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$105.00</td>
<td>$35.0K</td>
<td>246</td>
<td>120</td>
</tr>
</tbody>
</table>

<h3>About Astera Labs</h3>
Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.
After a thorough review of the options trading surrounding Astera Labs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Astera Labs Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,309,533, the price of ALAB is up by 1.1%, reaching $105.27.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 122 days from now.</li>
</ul>
<h3>Expert Opinions on Astera Labs</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 $101.2.
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; Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Astera Labs with a target price of $100. 
&#x2A; An analyst from Citigroup downgraded its action to Buy with a price target of $120. 
&#x2A; Maintaining their stance, an analyst from Craig-Hallum continues to hold a Buy rating for Astera Labs, targeting a price of $105. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Astera Labs, which currently sits at a price target of $87. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Astera Labs, which currently sits at a price target of $94. 
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 Astera Labs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ALAB

Astera Labs Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bearish stance on NIO.
Looking at options history for NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 4% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $1,002,691 and 5, calls, for a total amount of $164,560.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $20.0 for NIO, spanning the last three months.
<h3>Insights into 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 NIO'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 NIO's whale activity within a strike price range from $4.0 to $20.0 in the last 30 days. 
<h3>NIO Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732303885_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$8.00</td>
<td>$129.1K</td>
<td>17.6K</td>
<td>881</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.95</td>
<td>$8.00</td>
<td>$83.6K</td>
<td>17.6K</td>
<td>3.9K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$8.00</td>
<td>$78.9K</td>
<td>17.6K</td>
<td>1.8K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.92</td>
<td>$8.00</td>
<td>$68.8K</td>
<td>17.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.67</td>
<td>$0.65</td>
<td>$0.67</td>
<td>$5.00</td>
<td>$67.0K</td>
<td>63.0K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About NIO</h3>
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
In light of the recent options history for NIO, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is NIO Standing Right Now?</h3>
<ul>
<li>With a volume of 45,538,092, the price of NIO is up 3.4% at $4.86. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 102 days.</li>
</ul>
<h3>What The Experts Say On NIO</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $5.699999999999999.
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 Macquarie has revised its rating downward to Neutral, adjusting the price target to $4. 
&#x2A; An analyst from Macquarie has elevated its stance to Outperform, setting a new price target at $6. 
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 NIO options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

NIO Unusual Options Activity For November 22

Whales with a lot of money to spend have taken a noticeably bearish stance on United Airlines Holdings.
Looking at options history for United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $235,826 and 11, calls, for a total amount of $525,405.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $130.0 for United Airlines Holdings 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 United Airlines Holdings'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 United Airlines Holdings's whale activity within a strike price range from $40.0 to $130.0 in the last 30 days. 
<h3>United Airlines Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732303880_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$21.2</td>
<td>$19.1</td>
<td>$21.2</td>
<td>$92.50</td>
<td>$169.6K</td>
<td>7</td>
<td align="right">81</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$35.75</td>
<td>$35.45</td>
<td>$35.75</td>
<td>$60.00</td>
<td>$53.6K</td>
<td>2.7K</td>
<td align="right">27</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$13.2</td>
<td>$13.1</td>
<td>$13.1</td>
<td>$95.00</td>
<td>$44.5K</td>
<td>646</td>
<td align="right">0</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$1.94</td>
<td>$1.42</td>
<td>$1.94</td>
<td>$94.00</td>
<td>$38.8K</td>
<td>599</td>
<td align="right">288</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$25.3</td>
<td>$24.95</td>
<td>$25.25</td>
<td>$75.00</td>
<td>$37.8K</td>
<td>2.1K</td>
<td align="right">48</td>
</tr>
</tbody>
</table>

<h3>About United Airlines Holdings</h3>
United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large us peers.
Following our analysis of the options activities associated with United Airlines Holdings, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of United Airlines Holdings</h3>
<ul>
<li>Trading volume stands at 4,166,913, with UAL's price down by -0.79%, positioned at $93.65.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 60 days.</li>
</ul>
<h3>Professional Analyst Ratings for United Airlines Holdings</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $131.33333333333334.
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 has decided to maintain their Overweight rating on United Airlines Holdings, which currently sits at a price target of $150. 
&#x2A; Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $119. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on United Airlines Holdings, maintaining a target price of $125. 
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 United Airlines Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With UAL

<a href="https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/" title="https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/">https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/</a>

Events

Alaska Air Group Says "Thanksgiving Remains The Busiest Travel Period Of The Fall With Flights Projected To Be Nearly Full. We Estimate Nearly 500K Guests Will Fly Between Friday And Sunday With Dec. 1 Expected To Be The Busiest Day Of The Entire Year. Across Our Major West Coast Hubs, We Expect To Fly More Passengers Than Last Year"

<a href="https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html" title="https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html">https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html</a>

Macro Economic Events

Global

XPEV

Chair Of European Parliament Trade Committee Tells German Broadcaster NTV, "We Are Close To Agreement With China To Abolish Electric Vehicle Import Tariffs"

October was a strong month for the gaming industry, with eight of the top ten best-selling games in the <a href="https://www.benzinga.com/topic/video-games">U.S. being new releases</a>.
Call of Duty: Black Ops 6 topped the charts, contributing to a 10% year-over-year increase in U.S. video game spending, which reached $4.7 billion.
According to Circana&#8217;s monthly report (<a href="https://www.ign.com/articles/october-2024-sales-charts-call-of-duty-black-ops-6-sparks-xbox-game-pass-subscription-surge">via</a> IGN), Black Ops 6 is already the third best-selling game of the year and saw sales 23% higher in its first two weeks than last year's Modern Warfare 3 over the same period. 
See Also:<a href="https://www.benzinga.com/general/gaming/24/11/42141838/elden-ring-creator-hidetaka-miyazaki-teases-various-new-projects-in-development"> Elden Ring Creator Hidetaka Miyazaki Teases &#8216;Various New Projects&#8217; In Development</a>
Mat Piscatella of Circana noted that 82% of the game's full dollar sales came from PlayStation 5, likely because Xbox players opted to access the game through Game Pass instead of purchasing it outright.
<h3 class="wp-block-heading">Game Pass And Subscription Growth</h3>
The availability of <a href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike">Black Ops 6 on Game Pass</a> appears to have driven growth in video game subscription spending, which increased 16% year-over-year in October. 
This suggests that the game attracted new subscribers to Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) platform while maintaining strong sales elsewhere.
<h3 class="wp-block-heading">Dragon Ball And Silent Hill Stand Out</h3>
Dragon Ball: Sparking! Zero secured the second spot on October's sales charts and became the best-selling Dragon Ball game in the U.S. The game is also now the third best-selling title in Bandai Namco Holdings ADR&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) history, following<a href="https://www.benzinga.com/general/gaming/24/11/42068231/sony-in-talks-to-acquire-elden-ring-publisher-kadokawa-report"> Elden Ring </a>and Dark Souls 3.
The Silent Hill 2 remake came in third and is now the second best-selling game in the franchise, second only to the original Silent Hill 2.
<h3 class="wp-block-heading">Sales Shifts from Discounts and Game Pass</h3>
The Final Fantasy I-VI Collection moved up from No. 90 in September to No. 19 in October, likely due to a significant price drop on Nintendo ADR&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Nintendo Switch. Meanwhile, Sifu climbed to No. 9 on Xbox's monthly active users chart after being added to Game Pass.
<h3 class="wp-block-heading">Hardware And Accessories Performance</h3>
Hardware sales saw a 23% decline compared to last year. Nintendo Switch sales dropped 38%, while PlayStation 5 and Xbox Series sales were down 20% and 18%, respectively. The PlayStation 5 remains the top-selling console in both units and dollar sales, with Xbox Series consoles in second place.
In accessories, spending increased by 15%, with Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation Portal becoming the month's best-selling item.
<h3 class="wp-block-heading">Top 20 Best-Selling Games In October</h3>
<ol>
<li>Call of Duty: Black Ops 6</li>
<li>Dragon Ball: Sparking! Zero</li>
<li>Silent Hill 2</li>
<li>Undisputed</li>
<li>Metaphor: ReFantazio</li>
<li>Dragon Age: The Veilguard</li>
<li>Super Mario Party Jamboree!&#x2A;</li>
<li>Madden NFL 25</li>
<li>Sonic X Shadow Generations</li>
<li>EA Sports FC 25</li>
<li>EA Sports College Football 25</li>
<li>The Legend of Zelda: Echoes of Wisdom&#x2A;</li>
<li>Hogwarts Legacy</li>
<li>NHL 25</li>
<li>Astro Bot</li>
<li>Minecraft&#x2A;</li>
<li>NBA 2K25</li>
<li>Life Is Strange: Double Exposure</li>
<li>Final Fantasy I-VI Bundle</li>
<li>Elden Ring</li>
</ol>
(&#x2A;Digital sales data for some titles are not included in Circana's report.)
As the year approaches its final months, upcoming Black Friday deals may impact both hardware and software sales.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42144628/gta-6-trailer-2-fans-frustrated-as-rockstar-possibly-breaks-moon-theory">GTA 6 Trailer 2 Fans Frustrated As Rockstar Possibly Breaks Moon Theory</a></li>
</ul>
Image credits: Shutterstock.

MSFT

NCBDY

NTDOY

Sony Group Corporation American Depositary Shares

SONY

Call Of Duty: Black Ops 6 Leads Video Game October Sales In The US

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.
The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&amp;P 500 also rose, gaining, 0.31% to 5,966.91.
Check This Out: <a href="https://www.benzinga.com/24/11/42135346/top-3-materials-stocks-that-could-blast-off-in-november">Top 3 Materials Stocks That Could Blast Off In November</a>
Leading and Lagging Sectors Consumer staples shares rose by 1.5% on Friday.
In trading on Friday, communication services shares fell by 0.6%.
Top Headline
Shares of Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) fell over 5% on Friday after the company reported upbeat results for its first-quarter results, but issued weak forecast for the current quarter.
The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares shot up 16% to $109.17 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.</li>
<li>Shares of Matthews International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) got a boost, surging 19% to $30.26 following upbeat earnings.</li>
<li>Replimune Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) shares were also up, gaining 45% to $16.00 after the company on Thursday announced it received breakthrough therapy designation status for RP1 and will submit an RP1 biologics license application to the FDA under an accelerated approval pathway.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares dropped 55% to $6.11 after the company announced the pricing of a $9 million underwritten public offering.</li>
<li>Shares of Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) were down 43% to $0.1390 after the company announced the pricing of an $8 million public offering.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) was down, falling 41% to $0.1164 after the company announced its board approved a 1-for-35 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded up 1.5% to $71.16 while gold traded up 1.1% at $2,704.00.
Silver traded up 1.1% to $31.275 on Friday, while copper fell 0.8% to $4.0940.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 1.12%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.46%. Spain's IBEX 35 Index rose 0.16%, while London's FTSE 100 gained 1.35%.
The S&amp;P Global UK composite PMI declined to 49.9 in November versus 51.8 in the previous month, while Eurozone composite PMI dipped to 48.1 in November from 50 in the prior month.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.68%, Hong Kong's Hang Seng Index falling 1.89%, China's Shanghai Composite Index dipping 3.06% and India's BSE Sensex gaining 2.54%.
Economics
<ul>
<li>The S&amp;P Global US Services PMI climbed to 57 in November versus 55 in the previous month, while manufacturing PMI increased to 48.8 in November from 48.5 in the previous month.</li>
<li>The University of Michigan consumer sentiment for the US fell to 71.8 in November versus a preliminary reading of 73.</li>
<li>The year-ahead inflation expectations in the U.S fell to 2.6% in November from 2.7% in October.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/24/11/42135946/wall-streets-most-accurate-analysts-give-their-take-on-3-industrials-stocks-with-over-3-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields</a>

Earnings

AMIX

APTO

CETX

ESTC

INTU

MATW

REPL

S&P 500 Moves Higher; Intuit Shares Fall Following Q1 Results

KSCP

Knightscope shares are trading lower after the company announced a proposed public offering of Class A common stock and pre-funded warrants to address working capital needs.

Medtronic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) short percent of float has fallen 4.76% since its last report. The company recently reported that it has 10.18 million shares sold short, which is 0.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.93 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>Medtronic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Medtronic 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 Medtronic'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>, Medtronic's peer group average for short interest as a percentage of float is 4.17%, 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.

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