Latest news for  (OTC:GRNTF) Stock

Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock is trading higher on Thursday after the company announced it <a href="https://www.benzinga.com/pressreleases/24/12/b42681379/laser-photonics-scores-order-from-walsh-service-solutions">received an order</a> from Walsh Service Solutions.
The Details: Walsh placed an order for the CleanTech IR-3040 which is a handheld fiber laser system designed by Laser for speedy surface decontamination.
It plans to utilize the CleanTech IR-3040 in the abatement and remediation of inland waterway infrastructure including canal locks.
Walsh said, &#8220;We selected Laser Photonics&#8217; CleanTech IR-3040 for the safety, versatility, and efficiency it will bring to our specific applications in this project and many others.&#8221;
John Armstrong, the Executive Vice President of LPC, stated, &#8220;We are thrilled that Walsh Service Solutions has selected Laser Photonics as its supplier of laser cleaning equipment for its critical project. It is essential that maintenance projects near waterways do not harm local ecosystems. This is where laser technology excels, as it eliminates the need for abrasives and chemicals, leaving no mess behind.&#8221;
See Also: <a href="https://www.benzinga.com/insights/options/24/12/42690544/10-industrials-stocks-with-whale-alerts-in-todays-session">10 Industrials Stocks With Whale Alerts In Today&#8217;s Session</a>
LASE Price Action: At the time of publication, Laser shares are trading 24.6% higher at $7.05, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Pexels/ Tima Miroshnichenko

News

Movers

LASE

What's Going On With Laser Photonics Shares Thursday?

Editor&#8217;s note: The headline of this story has been corrected to state that SEALSQ Corp shares are rising. 
U.S. stocks turned higher midway through trading, with the Dow Jones index gaining around 50 points on Thursday.
The Dow traded up 0.12% to 43,347.41 while the NASDAQ rose 0.03% to 20,037.71. The S&amp;P 500 also rose, gaining, 0.05% to 6,042.96.
Check This Out: <a href="https://www.benzinga.com/24/12/42669200/wall-streets-most-accurate-analysts-give-their-take-on-3-utilities-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields</a>
Leading and Lagging Sectors Health care shares rose by just 0.1% on Thursday.
In trading on Thursday, information technology shares dipped by 0.4%.
Top Headline
U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.
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>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares shot up 31% to $7.16. On Thursday, SEALSQ announced the launch of SEALQUANTUM.com Lab, a research hub designed to help businesses transition to quantum-safe encryption</li>
<li>Shares of SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>)got a boost, surging 155% to $0.5600 after the company announced it received its first shipment of vehicles manufactured by Anhui Jianghuai Automobile Group.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares were also up, gaining 90% to $2.71 after it reported a 43% year-on-year increase in November bookings.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Neuphoria Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEUP#NASDAQ">NEUP</a>) shares dropped 38% to $4.10.</li>
<li>Shares of Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) were down 34% to $4.66.</li>
<li>SaverOne 2014 Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) was down, falling 30% to $1.0501.</li>
</ul>
Commodities In commodity news, oil traded up 0.2% to $70.25 while gold traded up 0.6% at $2,651.20.
Silver traded up 0.6% to $30.450 on Thursday, while copper rose 0.6% to $4.1335.
Euro zone
In Europe, markets in Germany, France, London, Spain and Switzerland are closed for the Boxing Day holiday.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.12%, China's Shanghai Composite Index gaining 0.14% and India's BSE Sensex falling 0.01%.
Economics
U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42684254/top-3-utilities-stocks-youll-regret-missing-in-december">Top 3 Utilities Stocks You&#8217;ll Regret Missing In December</a></li>
</ul>

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

BAOS

LAES

NEUP

SPRC

SVRE

ZCAR

Dow Gains 50 Points, SEALSQ Shares Rally (CORRECTED)

China revealed additional economic stimulus measures on Tuesday in an effort to revive its struggling economy. Some hedge fund managers anticipated the move and have been buying up shares of Chinese tech companies that could benefit as Beijing unleashes more <a href="https://www.benzinga.com/24/12/42671739/chinese-stocks-surge-on-stimulus-plans-to-counter-us-tariff-risks">fiscal support.&nbsp;</a>
The Details: China's Ministry of Finance on Tuesday pledged to boost domestic demand, increase government spending through pension and medical insurance subsidies and support a consumer goods trade-in program.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/legal/24/12/42687945/zelle-became-a-gold-mine-for-fraudsters-consumer-financial-protection-bureau-lawsuit"> &#8216;Zelle Became A Gold Mine For Fraudsters&#8217;: Consumer Financial Protection Bureau Lawsuit</a>
According to a Reuters report, Beijing is also planning to increase special government bond issuance to 3 trillion yuan in 2025, up from 1 trillion yuan in 2024, to spur growth.&nbsp;
The People's Bank of China held rates steady this week, but investors anticipate more rate cuts next year, possibly in response to U.S. tariffs which may come with the Trump administration. 
Expert Traders: Hedge funds led by seasoned investors Michael Burry and John Tepper made <a href="https://www.benzinga.com/markets/asia/24/11/42000692/david-teppers-appaloosa-trims-alibaba-stake-by-476-in-q3-2024-doubles-down-on-pdd-holdings-and-jd.com">significant investments</a> in Chinese stocks that may react to China's ongoing economic stimulus efforts.&nbsp;
‘Big Short': Burry's Scion Asset Management fund is <a href="https://www.benzinga.com/news/global/24/11/42002224/big-short-investor-michael-burry-doubles-down-on-chinese-tech-stocks-while-adding-protective-hedges">heavily invested</a> in Chinese companies and added to its sizable positions in the third quarter, according to the latest 13F filing. 
Scion holds 200,000 shares of Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), representing its top holding and 16.36% of the fund's total investments. Chinese e-commerce giant JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is the firm's second-largest holding, with 500,000 shares, representing 15.41% of its portfolio. 
John Tepper: Appaloosa Management's Tepper <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">recently told</a> CNBC that he was bullish on "everything" China-related due to the government's stimulus efforts and the firm's most recent SEC filings shows the investor put his money where his mouth is. 
"I didn't know that they were going to bring out the big guns," Tepper <a href="https://www.cnbc.com/2024/10/03/hedge-funds-pile-into-chinese-stocks-as-stimulus-sparks-enthusiasm-.html">said</a> on CNBC's Squawk Box. "They kind of blew away expectations on the fiscal stimulus &#8230; And I think there's a whole shift."
Alibaba and PDD Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) are the top holdings in Appaloosa's fund, which also holds smaller positions in JD.com, Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>). 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42653466/honda-nissan-plan-to-merge-in-the-face-of-chinese-ev-competition">Honda, Nissan Confirm Merger Plans To Offset Chinese EV Competition: How Mitsubishi Factors In</a></li>
</ul>
Image: Shutterstock&nbsp;

Asia

Tech

BABA

BIDU

KWEB

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Billionaire Investors Michael Burry, David Tepper Could Benefit From China's Stimulus Measures

IBM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) short percent of float has risen 9.17% since its last report. The company recently reported that it has 23.14 million shares sold short, which is 2.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.84 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>IBM Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735238720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for IBM has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing IBM'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>, IBM's peer group average for short interest as a percentage of float is 3.15%, 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.

Short Sellers

Short Ideas

Peering Into IBM's Recent Short Interest

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has risen 14.68% since its last report. The company recently reported that it has 14.65 million shares sold short, which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 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>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735238716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sysco'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>, Sysco's peer group average for short interest as a percentage of float is 4.32%, 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.

Peering Into Sysco's Recent Short Interest

Honest Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NYSE">HNST</a>) short percent of float has risen 74.16% since its last report. The company recently reported that it has 2.58 million shares sold short, which is 3.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 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>Honest Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735238711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Honest Co has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Honest Co'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>, Honest Co's peer group average for short interest as a percentage of float is 5.33%, 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.

HNST

Looking Into Honest Co's Recent Short Interest

General

CORRECTION: QuantumScape Is Not A Quantum Computing-Related Stock

WIIM

POET

POET Technologies shares are trading higher. The company recently announced a manufacturing agreement to produce optical engines in Penang, Malaysia.

TOKYO -- Japan's cabinet is set to approve a record 115.54 trillion yen ($731.28 billion) general-account budget for fiscal 2025 on Friday, with about a quarter of the total covered by debt.
<a href="https://asia.nikkei.com/Politics/Japan-to-greenlight-record-730bn-budget-with-reduced-bond-issuance" title="https://asia.nikkei.com/Politics/Japan-to-greenlight-record-730bn-budget-with-reduced-bond-issuance">https://asia.nikkei.com/Politics/Japan-to-greenlight-record-730bn-budget-with-reduced-bond-issuance</a>

Macro Economic Events

Economics

'Japan to greenlight record $730bn budget with reduced bond issuance' - Nikkei

Investors with a lot of money to spend have taken a bullish stance on Bitdeer Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BTDR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 17 options trades for Bitdeer Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 29%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,325, and 16, calls, for a total amount of $1,214,972.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $35.0 for Bitdeer Technologies over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Bitdeer Technologies stands at 2269.22, with a total volume reaching 7,946.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bitdeer Technologies, situated within the strike price corridor from $10.0 to $35.0, throughout the last 30 days.
<h3>Bitdeer Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735237840_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.6</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$25.00</td>
<td>$247.0K</td>
<td>3.8K</td>
<td>1.3K</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.6</td>
<td>$6.3</td>
<td>$6.5</td>
<td>$25.00</td>
<td>$195.0K</td>
<td>3.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$14.3</td>
<td>$12.1</td>
<td>$14.3</td>
<td>$10.00</td>
<td>$143.0K</td>
<td>4.8K</td>
<td>101</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.8</td>
<td>$25.00</td>
<td>$116.0K</td>
<td>3.8K</td>
<td>401</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.6</td>
<td>$6.3</td>
<td>$6.5</td>
<td>$25.00</td>
<td>$78.0K</td>
<td>3.8K</td>
<td>690</td>
</tr>
</tbody>
</table>

<h3>About Bitdeer Technologies</h3>
Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.
Having examined the options trading patterns of Bitdeer Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Bitdeer Technologies</h3>
<ul>
<li>With a volume of 5,257,090, the price of BTDR is up 5.03% at $24.75. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>What The Experts Say On Bitdeer Technologies</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $24.8.
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 Northland Capital Markets has decided to maintain their Outperform rating on Bitdeer Technologies, which currently sits at a price target of $20. 
&#x2A; Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Bitdeer Technologies with a target price of $29. 
&#x2A; An analyst from Benchmark persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $29. 
&#x2A; An analyst from B. Riley Securities persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $24. 
&#x2A; An analyst from Rosenblatt persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $22. 
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 Bitdeer Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

BTDR

Decoding Bitdeer Technologies's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Rivian Automotive. Our analysis of options history for Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $107,706, and 10 were calls, valued at $400,301.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $20.0 for Rivian Automotive over the last 3 months. 
<h3>Volume &amp; Open Interest Development</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 Rivian Automotive'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 Rivian Automotive's whale trades within a strike price range from $10.0 to $20.0 in the last 30 days. 
<h3>Rivian Automotive Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735237835_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$1.37</td>
<td>$1.32</td>
<td>$1.32</td>
<td>$10.00</td>
<td>$79.5K</td>
<td>14.7K</td>
<td>605</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.89</td>
<td>$1.82</td>
<td>$1.89</td>
<td>$17.50</td>
<td>$56.5K</td>
<td>14.5K</td>
<td>840</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.88</td>
<td>$1.8</td>
<td>$1.86</td>
<td>$17.50</td>
<td>$55.8K</td>
<td>14.5K</td>
<td>540</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.04</td>
<td>$0.99</td>
<td>$0.99</td>
<td>$17.50</td>
<td>$44.3K</td>
<td>19.4K</td>
<td>647</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$0.17</td>
<td>$0.16</td>
<td>$0.16</td>
<td>$14.50</td>
<td>$41.5K</td>
<td>15.9K</td>
<td>11.1K</td>
</tr>
</tbody>
</table>

<h3>About Rivian Automotive</h3>
Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
<h3>Where Is Rivian Automotive Standing Right Now?</h3>
<ul>
<li>With a volume of 12,092,625, the price of RIVN is down -0.39% at $14.01. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 55 days.</li>
</ul>
<h3>Professional Analyst Ratings for Rivian Automotive</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $16.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Baird lowers its rating to Neutral with a new price target of $16.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Rivian Automotive, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

RIVN

Rivian Automotive Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on QuantumScape (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 20 options trades for QuantumScape.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $38,688, and 19, calls, for a total amount of $1,041,876.
<h3>Projected Price Targets</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 $15.0 for QuantumScape, 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 QuantumScape's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across QuantumScape's significant trades, within a strike price range of $4.0 to $15.0, over the past month.
<h3>QuantumScape 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735237830_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>QS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.0</td>
<td>$0.98</td>
<td>$0.98</td>
<td>$6.00</td>
<td>$147.1K</td>
<td>14.6K</td>
<td>2.8K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.01</td>
<td>$0.99</td>
<td>$0.99</td>
<td>$6.00</td>
<td>$99.0K</td>
<td>14.6K</td>
<td>4.5K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$0.89</td>
<td>$0.81</td>
<td>$0.85</td>
<td>$10.00</td>
<td>$85.0K</td>
<td>3.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.09</td>
<td>$0.98</td>
<td>$1.05</td>
<td>$5.00</td>
<td>$78.7K</td>
<td>17.8K</td>
<td>1.1K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$0.75</td>
<td>$0.71</td>
<td>$0.75</td>
<td>$10.00</td>
<td>$75.0K</td>
<td>3.1K</td>
<td>3.0K</td>
</tr>
</tbody>
</table>

<h3>About QuantumScape</h3>
QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed an anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing.
After a thorough review of the options trading surrounding QuantumScape, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of QuantumScape</h3>
<ul>
<li>With a volume of 25,547,611, the price of QS is up 12.57% at $6.04. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
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>.
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 QuantumScape with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With QuantumScape

In a podcast, personal finance guru Dave Ramsey boldly declared that even if offered $1 billion at 0% interest for 10 years, he wouldn't take it. That's right, not even a billion dollars with no interest could tempt Ramsey to break his cardinal rule of <a href="https://www.benzinga.com/personal-finance/24/09/40764506/dave-ramsey-says-youll-never-win-with-money-while-paying-payments-the-real-cost-of-debt">never borrowing money</a>.
Why is he so adamant? Ramsey's belief comes from years of teaching and living by one simple idea: debt is a risk and he's not willing to take that chance. "I don't borrow money," Ramsey said confidently, staying true to the advice he's shared with millions through his books, radio show, podcast and financial classes.
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<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
<h2 class="wp-block-heading">The Power of Staying Debt-Free</h2>
For Ramsey, living without debt is more than just a financial strategy – it's a way of life. He believes that borrowing compromises financial freedom no matter how favorable the terms. By avoiding debt, Ramsey says you eliminate risk and maximize your income's potential to build wealth and create security.
"Your most powerful wealth-building tool is your income," he explained. "When you don't have any debt, you've freed up cash flow to build wealth." So even with the hypothetical offer of $1 billion at 0% interest, Ramsey's focus on staying debt-free trumps the appeal of having a sizable amount of interest-free capital.
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<a href="https://www.benzinga.com/personal-finance/24/09/40883246/graham-stephan-challenges-dave-ramsey-on-whether-good-debt-can-build-wealth-are-we-underestimati">Graham Stephan</a>, host of The Iced Coffee Hour <a href="https://www.youtube.com/watch?v=vFrRAGKFbu0">podcast</a> where Ramsey made these comments, argued that borrowing $1 billion and investing it in a safe option like Treasury bonds – currently offering 5% yields – would generate massive returns. Ramsey's response? It's not just about the math; it's about principles.
"Mathematically, it might make sense," he admitted. "But I built a career and financial success on avoiding debt and I'm not about to change that now. Borrowing money is an unnecessary risk and I'm not interested in playing that game."
<h2 class="wp-block-heading">A Philosophy Rooted in Experience</h2>
Ramsey's firm stance on debt is deeply personal. Early in his career, he amassed significant wealth through real estate investments, heavily leveraging debt to grow his portfolio. But when the market turned, <a href="https://www.benzinga.com/personal-finance/24/12/42514449/dave-ramsey-says-his-wife-wanted-to-leave-him-but-she-didnt-have-a-car-hitting-rock-bottom-finan">Ramsey lost everything</a> and declared bankruptcy. That experience shaped his financial philosophy and fueled his commitment to living debt-free.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
The same tenets still guide Ramsey Solutions, his financial education empire, today. The expansive Franklin, Tennessee, campus that serves as the company's headquarters was constructed entirely without borrowed funds.
Ramsey's message is that wealth comes from discipline, intentionality and patience, not shortcuts or leveraging debt. His <a href="https://www.benzinga.com/real-estate/24/12/42380649/dave-ramsey-warns-23-year-old-homebuyer-dont-skip-this-critical-step-before-buying-your-first-house">Baby Steps program</a>, which has helped millions of people get out of debt and build financial security, is based on this philosophy. From saving a $1,000 emergency fund to paying off all non-mortgage debt and investing 15% of your income for retirement, the steps prioritize stability and long-term wealth over quick fixes.
<h2 class="wp-block-heading">Sticking to His Guns</h2>
While rejecting a hypothetical $1 billion may seem drastic to some, it's simply a matter of consistency. Everything he has taught for decades would be contradicted if he accepted that money. He has personally witnessed the devastating effects debt can have on people's lives and he's unwilling to go there (again) for any amount of money.
Read Next:
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

'I Don't Borrow Money,' Says Dave Ramsey, Even If The Offer Is $1 Billion At 0% Interest For The Next Decade

Ryde Group Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/ac42685533/ryde-marks-a-transformative-milestone-in-singapores-mobility-landscape" rel="noreferrer noopener">for three years in Singapore</a>.
As Singapore&#8217;s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience.
Subashini Thanakodi, Associate Director of Operations, said, &#8220;We are deeply honored to have achieved this milestone, which reflects Ryde&#8217;s commitment to creating sustainable and inclusive mobility solutions for everyone.&#8221;
Since 2014, Ryde has focused on empowering driver-partners and improving commuter experiences.
Its 0% commission policy, 7 driver commitments, and 1-day leave scheme ensure higher earnings and better work-life balance for drivers.
For riders, Ryde offers an enhanced app with AI-driven recommendations, faster ride-matching, and seamless booking.
The Ryde+ subscription provides savings, quicker bookings, and exclusive perks, strengthening rider loyalty and affordability.
Last month, Ryde extended its partnership with Singlife, by signing an MOU to implement a Work Injury Compensation Act Protection Plan for platform workers, effective January 1, 2025, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41876624/ryde-extends-partnership-with-singlife-to-implement-work-injury-compensation-protection-for-driver" rel="noreferrer noopener">building on the RydeSafe initiative for riders</a>.
Price Action: RYDE shares are up 24% at $0.3845 at the last check Thursday.
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Small Cap

RYDE

Ryde Secures 3-Year License Renewal in Singapore, Stock Gains

Floki&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) proposal to launch a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198180/dogecoin-gets-its-first-exchange-traded-product-in-sweden">Floki Exchange-Traded Product</a> (ETP) has prompted traders to predict bullish price action.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td>
<td>&nbsp;$0.0001748</td>
<td>$1.7 billion</td>
<td>-1.5%&nbsp;</td>
<td>+0.6%&nbsp;</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.3131</td>
<td>$46 billion</td>
<td>-5.6%&nbsp;</td>
<td>&nbsp;-2.1%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00002148&nbsp;</td>
<td>$12.7 billion</td>
<td>-6.2%&nbsp;</td>
<td>&nbsp;-3.9%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader Javon Marks highlighted that FLOKI is showing bullish momentum near a critical resistance level of $0.0002761. 
A breakout could result in a 50% upward move, with a possible rally to $0.0005467—<a href="https://x.com/JavonTM1/status/1872333522972946828">marking</a> a +200% upside from current levels.
Another trader, Inmortal, emphasized that Floki stands out among meme coins due to its active development, suggesting it is &#8220;ready to lead the next leg up.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Only memecoin that whenever you look at it is always working on something. Ready to lead the next leg up.<a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> <a href="https://t.co/lxoFN8vXiA">https://t.co/lxoFN8vXiA</a> <a href="https://t.co/cLOsBgJ6jO">pic.twitter.com/cLOsBgJ6jO</a>
&mdash; Inmortal (@inmortalcrypto) <a href="https://twitter.com/inmortalcrypto/status/1872094982468997622?ref_src=twsrc%5Etfw">December 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, TheCryptoBull <a href="https://x.com/TheCryptoBull77/status/1872164531918733585">speculated</a> that Floki's ETP launch might set the stage for further ETF discussions in 2025.
Community News: In a proposal from Dec. 25, Floki has announced plans to launch an ETP in partnership with an asset manager and ETP issuer. 
This move positions Floki as the second meme coin, after Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), to offer a live ETP. 
The proposed product is slated for listing on the SIX Swiss Exchange, Switzerland's largest stock exchange, in early Q1 2025.
Unlike Dogecoin's ETP, which is listed on Sweden's Spotlight Stock Market, Floki's debut on the SIX Swiss Exchange is seen as a significant step up in credibility and appeal.
To fund the ETP&#8217;s launch, the Floki team has <a href="https://snapshot.box/#/s:floki-inu.eth/proposal/0x50aa497ab85e56c5ec16cff70acd4e5146b333db06e5528496c931db4c62cbe6">proposed</a> a DAO vote to allocate liquidity. 
Of the 16.3 billion FLOKI tokens held in a designated wallet, a portion will be used for ETP liquidity, while the rest will be burned upon the ETP&#8217;s launch.
The Floki team's ETP aims to make the cryptocurrency accessible to institutional and retail investors in a secure and regulated manner. 
The initiative is designed to bridge the gap between traditional finance (TradFi) and crypto markets, offering a transparent vehicle for holding FLOKI.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$FLOKI

$SHIB

Floki Eyes Dogecoin Rivalry With Second Meme Coin Exchange-Traded Product

Nano Labs Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares are trading lower on Thursday. Today, the company unveiled FPU3.0, its latest ASIC architecture aimed at enhancing<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42681764/nano-labs-launches-fpu3-0-asic-design-architecture-with-3d-dram-stacking-for-ai-and-blockchain-inn" rel="noreferrer noopener"> AI inference and blockchain performance</a>.
The FPU series is Nano Labs&#8217; proprietary ASIC chip architecture tailored for high-bandwidth High Throughput Computing applications.
FPU3.0, utilizing advanced 3D DRAM stacking, achieves a fivefold increase in power efficiency compared to its predecessor, FPU2.0, setting a benchmark for energy-efficient, high-performance ASICs.
The FPU3.0 architecture features stacked 3D memory with a theoretical bandwidth of 24TB/s and an enhanced Smart-NOC on-chip network.
This modular design allows for rapid product updates by modifying the FPU core IP while reusing or upgrading other components, enabling the seamless introduction of new features.
This network accommodates diverse compute cores and traffic types, including large and small cores, full-crossbar, and feed-through traffic.
The Nano FPU architecture consists of four key components: the Smart Network-on-Chip, a high-bandwidth memory controller, chip-to-chip interconnect IOs, and the FPU core.
These chips deliver superior computational efficiency and lower power consumption compared to general-purpose CPUs and GP-GPUs, making them ideal for AI inference, edge AI computing, 5G data transmission processing, and network acceleration.
Price Action: NA shares are down 15.8% at $7.57 at the last check Thursday.
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Image via Shutterstock.

Nano Labs Debuts FPU3.0 With 5X Power Efficiency Boost: Details

PDYN

Palladyne AI shares are trading higher. The company recently announced a test flight integrating third-party autopilot software to autonomously control the drone's navigation.

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) shares are moving higher on Thursday. The stock may be moving higher amid continued strength after the company on Monday announced it completed its <a href="https://www.benzinga.com/news/large-cap/24/12/42646240/rocket-lab-ends-2024-with-16th-launch-stock-gains">16th successful mission of 2024.</a>
The Details: The company announced earlier this week that it successfully deployed a satellite for Japanese Earth-observation constellation operator Synspective. 
The mission lifted off from Rocket Lab Launch Complex in New Zealand and deployed a single StriX satellite to orbit. Synspective&#8217;s StriX satellite serves multiple purposes, including detecting anomalies in road, rail and energy infrastructure as well as providing rapid damage assessments after events like flooding, landslides and volcanic eruptions.
Rocket Lab concluded its 2024 launch schedule with this mission, setting a new record of 16 successful launches for the year, surpassing its 2023 total of 10. The company&#8217;s next launch is slated for the first quarter of 2025.
Rocket Lab founder and CEO, Sir Peter Beck, said, &#8220;In 2024 we launched missions for NASA, the NRO, deployed multiple missions for commercial constellation operators like Synspective, launched suborbital HASTE missions advancing hypersonic flight test capability, and to top it all off, we achieved a world first by launching two missions from two different hemispheres in less than 24 hours.&#8221;
Related Link: <a href="https://www.benzinga.com/24/12/42689721/why-wimi-hologram-stock-is-gaining-today">WiMi Develops Quantum Technology-Based QRAM Architecture, Shares Surge</a>
RKLB Price Action: At the time of writing, Rocket Lab shares are trading 5.64% higher at $28.10, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via Shutterstock

RKLB

What's Going On With Rocket Lab Stock Thursday?

BRK/B

SBUX

TWLO

UBER

CNBC Final Trades: Starbucks, Uber, Berkshire Hathaway, Twilio

Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) disclosed a Class 3 EV truck <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42684852/westland-floral-purchases-mullen-class-3-ev-trucks-for-southern-california-landscaping-fleet" rel="noreferrer noopener">purchase order from Westland Floral</a>.
The order includes two Mullen THREE trucks, upfitted by Phenix Truck Bodies in California and facilitated by Pritchard, with California HVIP incentives approved.
The Mullen THREE offers a 38-foot turning diameter, excellent visibility for city streets, and a versatile chassis supporting upfits up to 14 feet long with a payload capacity exceeding 5,800 pounds.
Ben Hartford, EV sales manager for Pritchard Commercial said, &#8220;Westland Floral&#8217;s decision to incorporate the Mullen THREE into their fleet demonstrates the growing recognition of EVs as a cost-effective and sustainable solution.&#8221;
&#8220;By utilizing California&#8217;s HVIP incentives, they are not only reducing their operational costs but also making a meaningful commitment to environmental sustainability.&#8221;
David Michery, CEO and chairman of Mullen Automotive, added, &#8220;It&#8217;s also great that Westland was able to take advantage of the California HVIP incentive, which is an incredible program and incentive offered to fleets in California.&#8221;
Last week, the company announced a&nbsp;commercial vehicle sales update. Since September 30, Mullen said it has sold 100 Class 1 and Class 3 electric cargo vans and trucks, <a target="_blank" href="https://www.benzinga.com/24/12/42557400/mullen-automotive-reports-55-million-in-ev-sales-with-100-electric-vans-and-trucks-sold-since-september-cuts-burn-rate-significantly" rel="noreferrer noopener">generating $5.5 million in total sales</a>.
Mullen&#8217;s commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both of which meet the requirements of U.S. Federal Motor Vehicle Safety Standards and environmental regulations.
Price Action: MULN shares are down 0.93% at $1.06 at the last check Thursday.
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