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Inspire Medical Systems shares are trading lower after the FDA labeled a recall of the Inspire IV Implantable Pulse Generator.

By Lance Roberts 
Lately, I have been getting many questions about investing in private equity. Such is common&nbsp;<a href="https://realinvestmentadvice.com/sp-6500-is-that-outside-the-realm-of-possibility/">during raging bull markets,</a>&nbsp;as individuals seek higher rates of return than the market generates. Also, during these periods, Wall Street tends to bring new companies to market to fill the demand of the investing public. Private equity is always alluring, as is the tale of someone who bought the company&rsquo;s shares when it was private and made a massive fortune when it went public.
Who wouldn&rsquo;t want a piece of that?
The private equity (PE) business is huge.&nbsp;When I say huge, I mean $4.4 Trillion huge.
Those PE companies have been extremely busy over the last several years. While there has been a surge in private equity startups, there has also been the privatizing of public companies.&nbsp;<a href="https://www.theatlantic.com/ideas/archive/2023/10/private-equity-publicly-traded-companies/675788/" rel="noreferrer noopener" target="_blank">The Atlantic</a>&nbsp;shared some data about the dwindling number of publicly traded stocks along with the corresponding growth in private equity investments:
<blockquote>The publicly traded company is disappearing. In 1996, about 8,000 firms were listed in the U.S. stock market. Since then, the national economy has grown by nearly $20 trillion. The population has increased by 70 million people. And yet, today, the number of American public companies stands at fewer than 4,000. How can that be?
One answer is that the private-equity industry is devouring them.
In 2000, private-equity firms managed about 4 percent of total U.S. corporate equity. By 2021, that number was closer to 20 percent. In other words, private equity has been growing nearly five times faster than the U.S. economy as a whole.
</blockquote>
PE firms managed less than&nbsp;<a href="https://covestreetcapital.com/wp-content/uploads/2017/06/Mauboussin-The-Incredible-Shrinking-Universe-of-Stocks-March-2017.pdf" rel="noreferrer noopener" target="_blank">$1 billion</a>&nbsp;in the mid-1970s.&nbsp;Today, it&rsquo;s more than $4 trillion. There is more than $2.5 trillion in&nbsp;<a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-firms-face-pressure-as-dry-powder-hits-record-2-59-trillion-79762227" rel="noreferrer noopener" target="_blank">dry powder</a>&nbsp;alone globally:
<img alt="Global private equity dry powder" src="https://realinvestmentadvice.com/wp-content/uploads/2024/06/image-69.png" style="height:390px; width:624px" />
However, that&nbsp;&ldquo;dry powder&rdquo;&nbsp;is problematic for PE companies as they must invest it or return it to the investors.&nbsp;Therefore, the demand for deals often means that the deals getting funding may not be the&nbsp;&ldquo;best&rdquo;&nbsp;deals.
That is a substantial risk we will discuss in more detail momentarily.
<h2 id="h-is-private-equity-right-for-you">Is Private Equity Right For You?</h2>
Many individuals hear tales of how high-net-worth individuals&nbsp;(the smart money)&nbsp;own private equity in their allocations. As shown in the chart below from Long Angle, roughly 17% of their allocations are to private equities. These reports don&rsquo;t generally tell you that their allocation to&nbsp;&ldquo;private equity&rdquo;&nbsp;often tends to be their personal businesses. Nonetheless, individual investors frequently see this type of analysis and think they should be replicating that process. But should they?
<img alt="High Net Worth Investor allocations" src="https://realinvestmentadvice.com/wp-content/uploads/2024/06/Long-Angle-Overall-Allocation.png" style="height:393px; width:624px" />
There are significant differences to consider between the vast majority of retail investors and high-net-worth individuals before investing in private equity. The underlying risks of private equity investments can define these differences. There are many risks, but I want to focus on three.
<ol>
<li>Liquidity Risk</li>
<li>Duration</li>
<li>Loss Absorption</li>
</ol>
Liquidity Risk:&nbsp;Many individuals don&rsquo;t realize when entering into private equity investments that they cannot liquidate them if capital is needed for another reason. While investors often enter into private equity with the anticipation of making outsized returns, they frequently leave themselves vulnerable to the impact of having capital tied up in an illiquid investment. When the eventual crisis happens, the illiquid status of private equity becomes problematic.
Duration Risk:&nbsp;The duration of private equity can often be much longer duration than initially estimated. When a private equity deal is pitched to an individual, it is always accompanied by the most optimistic projections. The projections always include optimistic exit assumptions where the individual will receive an enormous windfall. More often than not, the projections fall very short of reality. A market downturn, economic recession, or a change in underlying industries, interest rates, or inflation can turn an initial 3-year investment into a decade or more. That duration risk multiplies the liquidity risk of keeping capital tied up for much longer than anticipated, sometimes with little or no return. While high-net-worth individuals can absorb both the duration and liquidity issues, most individual investors can not.
Loss Risk:&nbsp;Lastly, high-net-worth individuals can absorb losses. Many private equity deals inevitably fail, leaving investors with enormous losses on their balance sheets. While high-net-worth investors can invest in numerous deals, the hope is that a successful private equity venture will offset the losses of one or more that failed. Individuals often do not have the capital for that kind of diversification, and a loss on a private equity investment can be very detrimental. The chart below from S&amp;P Global shows the number of private transactions terminated between 2020-2023.
<img alt="Terminated private equity transactions" src="https://realinvestmentadvice.com/wp-content/uploads/2024/06/image-86.png" style="height:562px; width:624px" />
To that point, you should realize that most private equity investments (65%) either fail or return the initial investment at best.
<img alt="Return of private equity investments." src="https://realinvestmentadvice.com/wp-content/uploads/2024/06/image-89.png" style="height:428px; width:624px" />
Yes, private equity can be very lucrative. Depending on the deal you invest in, it can also be very harmful. This brings us to the most important question to ask:&nbsp;&ldquo;Why am I so lucky?&rdquo;
<h3 id="h-why-am-i-so-lucky">Why Am I So Lucky?</h3>
If you are approached by someone pitching a&nbsp;&ldquo;private investment,&rdquo;&nbsp;the first question you should ask is,&nbsp;&ldquo;Why am I so lucky to be given this opportunity?&rdquo;
As noted above, the global PE dry powder has soared to an unprecedented $2.59 trillion in 2023 as a slow year in dealmaking closes with limited opportunities for firms to deploy capital raised in previous years. The dry powder total as of Dec. 1st represented close to an 8% increase over December 2022, according to S&amp;P Global Market Intelligence and Preqin data.
That capital is held by some of the largest PE companies in the world. The list below is just a view of the names that you will likely recognize.
<img alt="Largest private equity investment firms" src="https://realinvestmentadvice.com/wp-content/uploads/2024/06/image-70.png" style="height:1045px; width:624px" />
Importantly, as noted, these firms must deploy that&nbsp;&ldquo;dry powder,&rdquo;&nbsp;or they will eventually lose it. As such, they have armies of employees to scout for the best opportunities, analysts, legal and accounting professionals to analyze those deals, and immediate capital to fund them.
Therefore, as an individual, several questions need to be thoroughly answered.
If this private equity investment is such a good opportunity, then:
<ol>
<li>Why did the company not approach one of the major P/E firms with capital ready to invest?</li>
<li>If they did and were turned down, why?</li>
<li>How many private equity investors did the company approach before you contacted me?</li>
<li>What is the track record of this salesman&rsquo;s previous investments in private equity, if any?</li>
<li>Can you analyze the many investment risks associated with illiquid investments?</li>
</ol>
Yes, some private equity transactions are too small for a major private equity company like Black Rock, which must invest billions at once. However, many mid-tier private equity companies will take those types of deals.
Most importantly, for you to &ldquo;exit&rdquo;&nbsp;the investment and realize the windfall, does the person selling you the investment have the network of investment banks, market makers, and institutions to provide that exit?&nbsp;Finding a future buyer or taking a company from private to public can be exceedingly difficult without that network.
These are just some things to consider before committing your hard-earned capital to a risky, highly illiquid investment.
Does this mean that you should never make a private equity investment? Of course not. However, you must understand the risk of investing and the potential ramifications on your financial situation when something goes wrong.
So,&nbsp;&ldquo;Why am I so lucky?&rdquo;
Lance Roberts is a Chief Portfolio Strategist/Economist for&nbsp;<a href="https://realinvestmentadvice.com/investing/" target="_blank">RIA Advisors</a>. He is also the host of &ldquo;<a href="https://realinvestmentadvice.com/podcasts/" target="_blank">The Lance Roberts Podcast</a>&rdquo; and Chief Editor of the &ldquo;<a href="https://realinvestmentadvice.com/" target="_blank">Real Investment Advice</a>&rdquo; website and author of &ldquo;<a href="https://realinvestmentadvice.com/real-investment-daily/" target="_blank">Real Investment Daily</a>&rdquo; blog and &ldquo;Real Investment Report&ldquo;. Follow Lance on&nbsp;<a href="https://www.facebook.com/RealInvestmentAdvice/" target="_blank">Facebook</a>,&nbsp;<a href="https://twitter.com/LanceRoberts" target="_blank">Twitter</a>,&nbsp;<a href="https://www.linkedin.com/in/realinvestmentadvice/" target="_blank">Linked-In</a>&nbsp;and&nbsp;<a href="https://www.youtube.com/channel/UCXVMMgEidXlrTM1coedg70A" target="_blank">YouTube</a>

Markets

General

Private Equity – Why Am I So Lucky?

JP Morgan analyst Brian Ossenbeck maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Neutral and lowers the price target from $55 to $51.

News

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Knight-Swift, Lowers Price Target to $51

<a href="https://www.youtube.com/watch?v=rfzg07kXD6M" title="https://www.youtube.com/watch?v=rfzg07kXD6M">https://www.youtube.com/watch?v=rfzg07kXD6M</a>

Macro Economic Events

Economics

Federal Reserve

Fed Chair Powell Says Have Not Made Any Decisions On Whether We'll Repeat Climate Scenarios Exercise; Asked About Climate Scenario Risks Exercise, Says Fed Making Careful Assessment Of What More It Needs To Do

HOOD

Robinhood Markets shares are trading higher after Piper Sandler maintained a Neutral rating on the stock and raised its price target from $18 to $20.

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) borrowed $5 billion in the U.S. investment-grade bond market on Monday to refinance some of the loans it secured for its $69 billion <a href="https://www.benzinga.com/m-a/22/05/27415720/broadcom-to-acquire-vmware-in-61-billion-deal-what-investors-need-to-know">acquisition of VMware Inc.</a>
The software developer sold debt in three parts, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-08/broadcom-kicks-off-bond-sale-to-refinance-loans-for-vmware-deal?sref=TBDibEcD" rel="noreferrer noopener">cites</a> a familiar source.
After initial talks, the longest tranche yields 0.95 percentage points over Treasuries, approximately 1.25 percentage points above Treasuries.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39463584/nvidia-dominates-gpu-market-as-generative-ai-adoption-grows-analyst-says" rel="noreferrer noopener">Nvidia Dominates GPU Market as Generative AI Adoption Grows, Analyst Says</a>
The planned debt sale comes more than seven months after Broadcom closed its acquisition of VMware and nearly a year after the company secured up to $28.4 billion in new debt commitments to fund its purchase.
Broadcom split the committed financing into three parts: a $10.7 billion A-2 facility, a $10.7 billion A-3 facility, and a $7 billion A-5 facility. The company will use the proceeds from the sale to prepay a portion of the term A-2 loans under its term loan credit agreement and for general corporate purposes, leaving at least $23.4 billion of debt still needing refinancing.
Analysts forecast Broadcom will generate $11 billion &#8211; $12 billion in <a target="_blank" href="https://www.benzinga.com/news/24/06/39487117/whats-going-on-with-broadcom-stock-on-tuesday" rel="noreferrer noopener">AI revenues in 2024</a>, increasing to $14 billion &#8211; $15 billion in 2025.
Broadcom stock gained over 100% in the last 12 months. Investors can gain exposure to the stock via Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), and SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Price Action:&nbsp;AVGO shares traded higher by 0.24% at $1,751.43 at the last check Tuesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Broadcom

Media

AVGO

Broadcom Issues $5B in Debt To Fund VMware Acquisition

In a recent call to financial expert <a href="https://www.benzinga.com/personal-finance/24/02/37007973/dave-ramsey-tells-29-year-old-with-1-million-in-debt-hes-going-to-destroy-her-life-as-she-knows-">Dave Ramsey,</a> Stephanie from Minneapolis sought advice on handling family dynamics after experiencing significant financial success. Stephanie and her husband saw their business grow rapidly, increasing from zero to $220,000 in just a year and a half. However, this newfound wealth brought unexpected challenges within her family.
Don't Miss:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
Stephanie described how <a href="https://www.benzinga.com/personal-finance/24/05/39111934/for-those-who-grew-up-poor-what-do-you-associate-with-being-rich-heres-the-subtle-signs-people-s">simple upgrades</a>, such as purchasing a new mattress or joining a nice gym, elicited comments like "little moneybags" and insinuations that they "must have won the lottery." These remarks have created tension, particularly during family gatherings.
Ramsey provided straightforward advice, emphasizing the importance of communication and boundaries. "If you have a good relationship, and someone says something hurtful, you ought to be able to say that," Ramsey stated. He suggested addressing the issue directly: "I know you probably didn't mean anything by that, but when you said it, it felt like you were questioning whether we should be successful, and it hurt my feelings."
He explained that money doesn't cause problems but magnifies existing issues. Ramsey noted, "If you have a high-quality relationship, it will become even more so with large sums of money. If your relationships are weak and petty, that will also be magnified." He recommended Henry Cloud's book "Boundaries" for dealing with these situations.
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Ramsey also shared personal experiences, recounting how he and his wife, Sharon, chose not to discuss their financial achievements with family members who might not understand. He highlighted the importance of discretion, saying, "We just don't talk about a lot of stuff. We might say, ‘I don't know if so-and-so can really emotionally grasp that, so we're just probably not gonna bring it up.'"
Moreover, Ramsey addressed the awkwardness of <a href="https://www.benzinga.com/personal-finance/24/06/39143700/are-you-richer-than-your-peers-the-net-worth-needed-to-be-in-the-top-10-of-your-age">discussing financial success</a> with friends. He mentioned how early charitable donations felt significant but became challenging to talk about as they grew larger. "I can remember the first time I gave a thousand dollars to something and the first time I gave a hundred thousand. It's sometimes very awkward with a friend from 20 years ago," he said.
Ramsey acknowledged that dealing with such comments is part of the territory when experiencing growth. He likened it to other life changes, such as becoming a person of faith from a nonreligious background, which can also elicit eye rolls and snide remarks.
See Also: Many are surprised by Mark Cuban&#8217;s advice for lotto winners:<a href="https://www.benzinga.com/money/mark-cubans-annuity-adv"> Cash or annuity?</a>
Ramsey explained that the core issues are often envy and jealousy. "Jealousy is, ‘I'd like to have what you have.' Envy is, ‘I don't think I can ever have that, so I don't want you to have it either,'" he stated. This distinction is crucial in understanding the root of family and friends' reactions.
Ramsey concluded with a strong message: sometimes, distancing oneself from toxic relationships is necessary. "You can't go, ‘I'm gonna fail at business because Bobby is gonna be upset if I win.' Well, screw Bobby. Bobby's just gonna have to take a ride," he asserted.
Stephanie's call highlights a common struggle for those <a href="https://www.benzinga.com/money/fam">achieving financial success</a>: maintaining healthy relationships amid envy and misunderstanding. Ramsey's advice reiterates the importance of boundaries, discretion, and, sometimes, tough decisions about who to keep close.
Read Next:
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<li>Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/money/advisor-adv-warren-buffett"> How much is that worth today?</a></li>
<li>Property taxes got you stressed?<a href="https://www.benzinga.com/money/ownwell"> Save money and only pay if you save in 3 minutes or less</a>.</li>
</ul>

Personal Finance

Couple Making $220,000 Says Family Is Jealous And Makes Rude Comments — Dave Ramsey Asserts: 'Not Winning To Please Them Is An Absurd Idea'

Financial giants have made a conspicuous bullish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $327,118, and 10 were calls, valued at $589,363.
<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 $420.0 to $570.0 for UnitedHealth Group during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of UnitedHealth Group stands at 817.15, with a total volume reaching 572.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UnitedHealth Group, situated within the strike price corridor from $420.0 to $570.0, throughout the last 30 days.
<h3>UnitedHealth Group Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720538271_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UNH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$13.25</td>
<td>$13.15</td>
<td>$13.25</td>
<td>$487.50</td>
<td>$198.7K</td>
<td style="text-align: right;">153</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$20.0</td>
<td>$19.75</td>
<td>$19.75</td>
<td>$550.00</td>
<td>$118.6K</td>
<td style="text-align: right;">154</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$58.1</td>
<td>$56.05</td>
<td>$57.05</td>
<td>$440.00</td>
<td>$114.1K</td>
<td style="text-align: right;">39</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$87.0</td>
<td>$86.3</td>
<td>$87.0</td>
<td>$420.00</td>
<td>$87.0K</td>
<td style="text-align: right;">84</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$3.1</td>
<td>$2.89</td>
<td>$3.1</td>
<td>$530.00</td>
<td>$62.0K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About UnitedHealth Group</h3>
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.
<h3>UnitedHealth Group's Current Market Status</h3>
<ul>
<li>With a trading volume of 761,503, the price of UNH is down by -0.22%, reaching $488.25.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>What The Experts Say On UnitedHealth Group</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $591.0.
<ul>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $591. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest UnitedHealth Group options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

UnitedHealth Group Unusual Options Activity For July 09

Deep-pocketed investors have adopted a bearish approach towards Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 52% bearish. Among these notable options, 6 are puts, totaling $252,901, and 11 are calls, amounting to $726,142.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $160.0 for Snowflake over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Snowflake's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Snowflake's significant trades, within a strike price range of $65.0 to $160.0, over the past month.
<h3>Snowflake Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720538266_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$5.9</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$137.00</td>
<td>$285.0K</td>
<td>27</td>
<td style="text-align: right;">505</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$2.38</td>
<td>$2.37</td>
<td>$2.38</td>
<td>$130.00</td>
<td>$91.3K</td>
<td>466</td>
<td style="text-align: right;">134</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.55</td>
<td>$30.4</td>
<td>$30.55</td>
<td>$110.00</td>
<td>$76.3K</td>
<td>83</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$16.2</td>
<td>$14.35</td>
<td>$15.27</td>
<td>$125.00</td>
<td>$76.3K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$85.5</td>
<td>$81.0</td>
<td>$81.0</td>
<td>$65.00</td>
<td>$40.5K</td>
<td>64</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
<h3>Present Market Standing of Snowflake</h3>
<ul>
<li>With a trading volume of 2,261,477, the price of SNOW is down by -1.02%, reaching $140.12.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 43 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Snowflake</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $207.5.
<ul>
<li>An analyst from Wells Fargo persists with their Overweight rating on Snowflake, maintaining a target price of $200. </li>
<li>An analyst from Needham downgraded its action to Buy with a price target of $210. </li>
<li>An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $200. </li>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Snowflake with a target price of $220. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snowflake with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

SNOW

What the Options Market Tells Us About Snowflake

Deep-pocketed investors have adopted a bullish approach towards GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for GE Aero. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 40% bearish. Among these notable options, 5 are puts, totaling $212,240, and 5 are calls, amounting to $226,205.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $170.0 for GE Aero over the recent three 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 GE Aero'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 GE Aero's whale trades within a strike price range from $140.0 to $170.0 in the last 30 days. 
<h3>GE Aero Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720538261_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$10.2</td>
<td>$10.15</td>
<td>$10.2</td>
<td>$160.00</td>
<td>$68.3K</td>
<td>5.5K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$12.2</td>
<td>$11.05</td>
<td>$11.35</td>
<td>$155.00</td>
<td>$56.7K</td>
<td>143</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$11.95</td>
<td>$11.6</td>
<td>$11.8</td>
<td>$170.00</td>
<td>$48.3K</td>
<td>1.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.25</td>
<td>$11.05</td>
<td>$11.09</td>
<td>$170.00</td>
<td>$45.4K</td>
<td>1.6K</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.7</td>
<td>$11.65</td>
<td>$11.65</td>
<td>$170.00</td>
<td>$44.2K</td>
<td>1.6K</td>
<td style="text-align: right;">82</td>
</tr>
</tbody>
</table>

<h3>About GE Aero</h3>
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
In light of the recent options history for GE Aero, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>GE Aero's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,139,070, the GE's price is up by 0.65%, now at $164.6. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 14 days.</li>
</ul>
<h3>What Analysts Are Saying About GE Aero</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $202.66666666666666.
<ul>
<li>Maintaining their stance, an analyst from UBS continues to hold a Buy rating for GE Aero, targeting a price of $209. </li>
<li>Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on GE Aero with a target price of $190. </li>
<li>Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for GE Aero, targeting a price of $209. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GE Aero options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

GE Aero's Options Frenzy: What You Need to Know

Evercore ISI Group analyst Elizabeth Anderson maintains Dentsply Sirona (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRAY#NASDAQ">XRAY</a>) with a Outperform and lowers the price target from $28 to $27.

XRAY

Evercore ISI Group Maintains Outperform on Dentsply Sirona, Lowers Price Target to $27

Evercore ISI Group analyst Elizabeth Anderson maintains Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a In-Line and lowers the price target from $14 to $10.

TDOC

Evercore ISI Group Maintains In-Line on Teladoc Health, Lowers Price Target to $10

JP Morgan analyst Brian Ossenbeck maintains Hub Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) with a Neutral and lowers the price target from $44 to $43.

HUBG

JP Morgan Maintains Neutral on Hub Group, Lowers Price Target to $43

Evercore ISI Group analyst Elizabeth Anderson maintains Privia Health Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRVA#NASDAQ">PRVA</a>) with a Outperform and lowers the price target from $23 to $20.

PRVA

Evercore ISI Group Maintains Outperform on Privia Health Gr, Lowers Price Target to $20

Fed Chair Powell Says Large Banks Can Manage This Problem; For Smaller Banks, We Are In Touch With Those Banks To Make Sure They Can Manage Them

Fed Chair Powell Asked About Commercial Real Estate Loan Risk, Says Risk Will Be With Banks For Years; Banks Need To Be Honestly Assessing Their Risk To Manage It

Evercore ISI Group analyst Ross Muken maintains Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) with a In-Line and lowers the price target from $27 to $25.

PDCO

Evercore ISI Group Maintains In-Line on Patterson Cos, Lowers Price Target to $25

- Reuters Citing House Financial Services Hearing

Global

U.S. Treasury's Yellen Says Restrictions On Investment Into China For Artificial Intelligence Are Narrowly Targeted At Clear National Security Risks; Taiwan Has Not Expressed Any Interest In Joining The International Monetary Fund; U.S. Has Supported Engagement Between The IMF And Taiwan

ARCB

ArcBest shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $145 to $127.

Evercore ISI Group analyst Vijay Jayant maintains Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) with a In-Line and lowers the price target from $13 to $11.5.

PARA

Evercore ISI Group Maintains In-Line on Paramount Global, Lowers Price Target to $11.5

Press Releases

Hennessy Capital Investment Corp. VI Announces Postponement of its Special Meeting of Stockholders to 3 P.M. ET on September 29

Hennessy Capital Investment Corp. VI Announces Stockholder Approval of Extension of Deadline to Complete Business Combination to January 10, 2024

Hennessy Capital Investment Corp. VI Announces Stockholder Approval of Extension of Deadline to Complete Business Combination to September 30, 2024

Namib Minerals, an Established African Gold Producer, to Become Publicly Traded Through Business Combination With Hennessy Capital Investment Corp. VI

HCVI

HCVIU

HCVIW

Hennessy Capital Invest

Hennessy Capital Investment Corp. Vi Disclosed That Its Stockholders Voted In Favor Of Extension Of Deadline To Complete Business Combination To September 30, 2024

Hennessy Capital Investment Corp. VI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCVI#NASDAQ">HCVI</a>) (the &quot;Company&quot;) announced today that the Company&#39;s stockholders voted in favor of the proposal to amend the Company&#39;s amended and restated certificate of incorporation to extend the date by which the Company must consummate an initial business combination from October 1, 2023 to January 10, 2024, or such earlier date as determined by the board of directors of the Company. A Current Report on Form 8-K disclosing the full voting results will be filed with the U.S. Securities and Exchange Commission (the &quot;SEC&quot;).

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Hennessy Capital Invest

News

Latest news for Hennessy Capital Invest (NASDAQ:HCVI) Stock

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