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WIIM

ABBV

AbbVie shares are trading higher after Leerink Partners upgraded the stock from Market Perform to Outperform and announced a price target of $206.

Investors with a lot of money to spend have taken a bullish stance on Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</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 DE, 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 16 uncommon options trades for Deere.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 43%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $301,147, and 10 are calls, for a total amount of $1,023,353.
<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 $185.0 to $470.0 for Deere over the last 3 months. 
<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 Deere'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 Deere's whale trades within a strike price range from $185.0 to $470.0 in the last 30 days. 
<h3>Deere 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732308895_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$265.4</td>
<td>$261.2</td>
<td>$261.2</td>
<td>$185.00</td>
<td>$444.0K</td>
<td align="right">1</td>
<td align="right">17</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$41.15</td>
<td>$33.7</td>
<td>$33.75</td>
<td>$397.50</td>
<td>$168.7K</td>
<td align="right">88</td>
<td align="right">50</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$23.0</td>
<td>$22.5</td>
<td>$23.0</td>
<td>$470.00</td>
<td>$138.0K</td>
<td align="right">239</td>
<td align="right">60</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$43.85</td>
<td>$42.85</td>
<td>$43.28</td>
<td>$400.00</td>
<td>$60.5K</td>
<td align="right">904</td>
<td align="right">20</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$7.05</td>
<td>$5.5</td>
<td>$6.1</td>
<td>$430.00</td>
<td>$51.8K</td>
<td align="right">104</td>
<td align="right">89</td>
</tr>
</tbody>
</table>

<h3>About Deere</h3>
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
In light of the recent options history for Deere, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Deere Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,458,238, the price of DE is up by 1.71%, reaching $445.02.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 83 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Deere</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $485.0.
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; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Deere with a target price of $450. 
&#x2A; An analyst from Truist Securities has decided to maintain their Buy rating on Deere, which currently sits at a price target of $538. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Deere, targeting a price of $475. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Deere with a target price of $477. 
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 Deere options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Behind the Scenes of Deere's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bearish stance on Novo Nordisk.
Looking at options history for Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) we detected 25 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 48% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $1,872,600 and 14, calls, for a total amount of $3,590,645.
<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 $65.0 to $145.0 for Novo Nordisk during the past quarter. 
<h3>Volume &amp; Open Interest Trends</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 Novo Nordisk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Novo Nordisk's substantial trades, within a strike price spectrum from $65.0 to $145.0 over the preceding 30 days.
<h3>Novo Nordisk Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732308891_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.8</td>
<td>$7.6</td>
<td>$7.8</td>
<td>$102.00</td>
<td>$1.3M</td>
<td>270</td>
<td>1.7K</td>
</tr>
<tr>
<td>NVO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$5.2</td>
<td>$100.00</td>
<td>$780.0K</td>
<td>4.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.85</td>
<td>$3.65</td>
<td>$3.84</td>
<td>$115.00</td>
<td>$686.9K</td>
<td>2.9K</td>
<td>1.9K</td>
</tr>
<tr>
<td>NVO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$13.45</td>
<td>$13.1</td>
<td>$13.15</td>
<td>$105.00</td>
<td>$636.4K</td>
<td>1.1K</td>
<td>984</td>
</tr>
<tr>
<td>NVO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.25</td>
<td>$5.15</td>
<td>$5.15</td>
<td>$100.00</td>
<td>$257.5K</td>
<td>4.6K</td>
<td>500</td>
</tr>
</tbody>
</table>

<h3>About Novo Nordisk</h3>
With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting roughly 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.
<h3>Where Is Novo Nordisk Standing Right Now?</h3>
<ul>
<li>With a volume of 4,857,497, the price of NVO is up 2.5% at $105.2. </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 68 days.</li>
</ul>
<h3>What Analysts Are Saying About Novo Nordisk</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $160.0.
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; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $160. 
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 Novo Nordisk, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In NVO Options

NVDA

Nvidia shares are trading lower. Phillip Securities downgraded the stock from Buy to Accumulate.

CRWD

Crowdstrike shares are trading higher after Keybanc maintained an Overweight rating on the stock and raised its price target from $345 to $395.

Boeing shares are trading higher after the company announced it secured a $2.38 billion deal with the US Air Force for advanced KC-46A tankers.

PANW

Palo Alto Networks shares are trading lower after HSBC downgraded the stock from Hold to Reduce and cut its price target from $304 to $291.

CPRT

Copart shares are trading higher after the company reported better-than-expected Q1 sales results.

- Reuters Citing Spokesperson&nbsp;

News

NTSB Opening Investigation Into 2023 Southwest Boeing 737 Max Engine Incident

Financial giants have made a conspicuous bullish move on Meta Platforms. Our analysis of options history for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) revealed 34 unusual trades.
Delving into the details, we found 52% of traders were bullish, while 32% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $1,346,507, and 29 were calls, valued at $1,577,731.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $700.0 for Meta Platforms 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 Meta Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Meta Platforms's significant trades, within a strike price range of $5.0 to $700.0, over the past month.
<h3>Meta Platforms Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732308088_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$47.65</td>
<td>$47.3</td>
<td>$47.65</td>
<td>$550.00</td>
<td>$1.1M</td>
<td>4.7K</td>
<td>250</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$553.9</td>
<td>$550.0</td>
<td>$552.75</td>
<td>$5.00</td>
<td>$276.3K</td>
<td>222</td>
<td>48</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.25</td>
<td>$18.05</td>
<td>$18.2</td>
<td>$560.00</td>
<td>$138.3K</td>
<td>3.9K</td>
<td>613</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.7</td>
<td>$17.7</td>
<td>$17.7</td>
<td>$560.00</td>
<td>$100.8K</td>
<td>3.9K</td>
<td>694</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$6.85</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$560.00</td>
<td>$85.0K</td>
<td>2.2K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Meta Platforms</h3>
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
In light of the recent options history for Meta Platforms, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Meta Platforms</h3>
<ul>
<li>Trading volume stands at 6,535,996, with META's price down by -0.59%, positioned at $559.77.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 69 days.</li>
</ul>
<h3>What The Experts Say On Meta Platforms</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 $642.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Meta Platforms, targeting a price of $705. 
&#x2A; An analyst from Susquehanna has decided to maintain their Positive rating on Meta Platforms, which currently sits at a price target of $675. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Meta Platforms with a target price of $719. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Meta Platforms, targeting a price of $530. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Meta Platforms, which currently sits at a price target of $583. 
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 Meta Platforms with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Meta Platforms's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</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 JD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for JD.com. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 41% bearish. Among these notable options, 10 are puts, totaling $365,631, and 2 are calls, amounting to $146,200.
<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 $29.0 and $44.0 for JD.com, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for JD.com'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 JD.com's whale activity within a strike price range from $29.0 to $44.0 in the last 30 days. 
<h3>JD.com Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732308082_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$4.25</td>
<td>$4.05</td>
<td>$4.21</td>
<td>$35.00</td>
<td>$84.2K</td>
<td>122</td>
<td align="right">200</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.55</td>
<td>$9.4</td>
<td>$9.45</td>
<td>$44.00</td>
<td>$67.1K</td>
<td>1.0K</td>
<td align="right">80</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.55</td>
<td>$1.49</td>
<td>$1.55</td>
<td>$35.00</td>
<td>$62.0K</td>
<td>3.9K</td>
<td align="right">411</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.84</td>
<td>$2.81</td>
<td>$2.84</td>
<td>$34.00</td>
<td>$56.8K</td>
<td>1.0K</td>
<td align="right">243</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$2.27</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$34.00</td>
<td>$35.3K</td>
<td>1.8K</td>
<td align="right">200</td>
</tr>
</tbody>
</table>

<h3>About JD.com</h3>
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
Having examined the options trading patterns of JD.com, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>JD.com's Current Market Status</h3>
<ul>
<li>Trading volume stands at 7,562,490, with JD's price down by -1.94%, positioned at $34.7.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 103 days.</li>
</ul>
<h3>What Analysts Are Saying About JD.com</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $49.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for JD.com, targeting a price of $51. 
&#x2A; Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $47.
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 JD.com with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Behind the Scenes of JD.com's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</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 VRT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Vertiv Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,470, and 10, calls, for a total amount of $762,525.
<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 $50.0 to $155.0 for Vertiv Hldgs during the past quarter. 
<h3>Volume &amp; Open Interest Trends</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 Vertiv Hldgs'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 Vertiv Hldgs's whale trades within a strike price range from $50.0 to $155.0 in the last 30 days. 
<h3>Vertiv Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732308077_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$58.9</td>
<td>$58.4</td>
<td>$58.9</td>
<td>$87.50</td>
<td>$235.6K</td>
<td>511</td>
<td align="right">40</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$14.7</td>
<td>$14.0</td>
<td>$14.6</td>
<td>$126.00</td>
<td>$146.0K</td>
<td>458</td>
<td align="right">108</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$57.1</td>
<td>$56.4</td>
<td>$56.82</td>
<td>$100.00</td>
<td>$113.6K</td>
<td>920</td>
<td align="right">22</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$31.6</td>
<td>$30.4</td>
<td>$30.75</td>
<td>$110.00</td>
<td>$61.5K</td>
<td>1.3K</td>
<td align="right">20</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$84.6</td>
<td>$80.5</td>
<td>$82.51</td>
<td>$60.00</td>
<td>$41.2K</td>
<td>115</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Vertiv Hldgs</h3>
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East &amp; Africa.
After a thorough review of the options trading surrounding Vertiv Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Vertiv Hldgs</h3>
<ul>
<li>Currently trading with a volume of 3,591,027, the VRT's price is up by 0.71%, now at $142.5. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 89 days.</li>
</ul>
<h3>Professional Analyst Ratings for Vertiv Hldgs</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $130.2.
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; An analyst from Oppenheimer has decided to maintain their Outperform rating on Vertiv Hldgs, which currently sits at a price target of $121. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Vertiv Hldgs with a target price of $141. 
&#x2A; An analyst from TD Cowen has decided to maintain their Buy rating on Vertiv Hldgs, which currently sits at a price target of $115. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Vertiv Hldgs, targeting a price of $140. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Vertiv Hldgs, maintaining a target price of $134. 
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 Vertiv Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Vertiv Hldgs's Options Market Dynamics

Dividends

MGYR

Magyar Bancorp Declares Special Cash Dividend Of $0.04, Payable December 20, 2024 To Shareholders Of Record On December 6, 2024

Management

CORRECTION: Reuters Makes Correction Naming Brian Setzer As U.S. CEO; Brian Setzer Is Executive Vice President, Health & Wellness, Walmart U.S.

<ul>
<li>On June 1, 2020, Emergent announced a $628 million contract with the U.S. government to produce COVID-19 vaccines.</li>
<li>The company started producing vaccine materials for Johnson &amp; Johnson and AstraZeneca at its Baltimore facility in late 2020.&nbsp;</li>
<li>In March 2021, the facility accidentally contaminated Johnson &amp; Johnson vaccine doses with AstraZeneca ingredients.&nbsp;</li>
<li>By April 2021, the FDA halted production at the site, citing quality issues, contamination risks, and poor training.</li>
<li>Following the contamination crisis, Emergent stock price dropped by over 60% by November 2021, erasing over half the company&#8217;s market value in just months.</li>
<li>Shortly after, shareholders filed multiple lawsuits against Emergent, claiming the company misrepresented its vaccine production capabilities and hid serious quality issues.</li>
<li>Emergent BioSolutions recently agreed to pay a $40 million settlement to investors to resolve the lawsuits. Affected investors can now <a href="https://11thestate.com/cases/emergent-investor-settlement">file a claim</a> to receive the payout.</li>
</ul>
<h2 class="wp-block-heading has-medium-font-size">Overview</h2>
Emergent BioSolutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>)&nbsp;secured over $1 billion in government and pharmaceutical contracts during the COVID-19 pandemic. However, in March 2021, workers at its Baltimore facility mistakenly mixed Johnson &amp; Johnson and AstraZeneca vaccine ingredients, contaminating up to 15 million J&amp;J doses and forcing AstraZeneca to discard tens of millions more. This error delayed J&amp;J's vaccine rollout and disrupted global distribution, causing Emergent stock to drop by over 50% by November 2021. Following these events, a group of shareholders sued Emergent, and recently, Emergent agreed to pay a $40 million settlement to all affected investors.
<h3 class="wp-block-heading has-medium-font-size">How It All Started: Manufacturing Failures&nbsp;</h3>
In the wake of the COVID-19 pandemic, Emergent BioSolutions <a href="https://www.globenewswire.com/news-release/2020/06/11/2046894/0/en/Emergent-BioSolutions-Signs-Agreement-to-be-U-S-Manufacturing-Partner-for-AstraZeneca-s-COVID-19-Vaccine-Candidate.html#:~:text=Development%20services%20will,public%20health%20emergencies.">positioned</a> its Bayview facility as a critical vaccine production asset. In March 2020, the company secured over $1 billion in contracts with Johnson &amp; Johnson and AstraZeneca, including a substantial government Operation Warp Speed contract.
On April 30, 2020, CEO Robert Kramer declared during an earnings call that the company had &#8220;proven manufacturing capabilities&#8221; and was prepared to scale up quickly to meet the demands of vaccine production.&nbsp;
In July 2020, following the AstraZeneca agreement, Emergent further bolstered its claims in a press release, with Kramer declaring, &#8220;Emergent is driven by our desire to advance solutions that will make an impact on this pandemic&#8220;.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="113" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20162558/image_2024-11-20_20-25-24-1024x113.png" alt="" class="wp-image-3463" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20162558/image_2024-11-20_20-25-24-1024x113.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20162558/image_2024-11-20_20-25-24-300x33.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20162558/image_2024-11-20_20-25-24-768x85.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20162558/image_2024-11-20_20-25-24.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The company&#8217;s CDMO business unit head, Syed T. Husain, added that &#8220;Emergent stands ready alongside leading innovators to rapidly deploy our CDMO services to help meet the substantial demand for a vaccine.&#8220;
By early 2021, Emergent shares were trading above $90, fueled by high expectations for the company's role in vaccine production.&nbsp;
However, despite positive public messaging, internal audits and inspections in the summer of 2020 uncovered serious issues at Emergent BioSolutions' manufacturing facilities.&nbsp;
Reports highlighted poor staff training, equipment failures, and inadequate quality control measures, revealing long-standing problems within the company&#8217;s operations. One audit found that &#8220;the flow of workers and materials through the plant was not adequately controlled to prevent mix-ups or contamination.&#8221; Another audit discovered that a manager had &#8220;knowingly deviated&#8221; from standard procedures.
After that, in November 2020, AstraZeneca representatives visiting Emergent&#8217;s Bayview facility raised concerns about poor oversight and GMP compliance.&nbsp;
Emergent&#8217;s VP of Manufacturing acknowledged these issues, mentioning trash buildup in hallways and lapses in GMP standards. An external consultant also warned that the facility was &#8220;NON-CGMP compliant&#8221; and at regulatory risk, but production still continued.
<h3 class="wp-block-heading has-medium-font-size">Contamination Crisis at Emergent's Facility</h3>
In March 2021, a major contamination incident at Emergent's Baltimore facility revealed significant oversight failures. Millions of Johnson &amp; Johnson vaccine doses were mixed with AstraZeneca ingredients, an issue initially detected by Johnson &amp; Johnson's lab in the Netherlands, not Emergent. 
The contamination forced the disposal of tens of millions of AstraZeneca doses and delayed the delivery of approximately 100 million Johnson &amp; Johnson doses during a critical phase of the pandemic.&nbsp;
Following this disclosure, Emergent issued a press release, stating that their &#8220;quality control systems worked as designed&#8221; and that discarding a batch of bulk drug substance &#8220;occasionally happens during vaccine manufacturing.&#8221;&nbsp;
However, that same day the Associated Press released FDA documents obtained through FOIA requests, revealing a history of quality control issues at Emergent&#8217;s facilities dating back to 2017.
FDA leaders reported that the company &#8220;hired a lot of individuals not as familiar with vaccine manufacturing that did not have adequate training.&#8221;&nbsp;
Inspectors found several issues at Emergent's facility, including mismanaged waste, peeling paint, and cluttered equipment. They also discovered that some quality checks were removed from vaccines before an FDA visit in February 2021.&nbsp;
Later, it came to light that Emergent had been forced to destroy vaccine materials equivalent to nearly 400 million doses — much more than the previously reported 85 million.
The situation worsened on November 4, 2021, when Emergent announced that the Department of Health and Human Services had cancelled its $628 million contract, requiring the company to reverse $86 million in Q3 2021 revenue and reduce its contract backlog by $180 million.
The impact on investors was clear as Emergent's stock price dropped by over 60%, from more than $120 in early 2021 to below $45 by November 2021.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeIIZlLXwwooy_Zuo42Ez05mIVStfl0HOwUqkb9SlYYDcrmYOLAsAZF0seiSDHOA3ONme9YjpCgNgGOq0vGoQc-apf2vdPLSufxtKjA92BHR-VPz2Bk12OYqeUoyRBv-UZ97kKnZU0RrwHGwCBSKGT8671r?key=KYxIxnLygQzR6Mc3yd4O5SaK" alt="" style="width:624px" /></figure>
These disclosures and the sharp drop in stock price led shareholders to file multiple lawsuits against Emergent, accusing the company of misrepresenting its vaccine production capabilities and concealing serious quality issues.
<h3 class="wp-block-heading has-medium-font-size">Resolving The Case</h3>
After three years of legal proceedings, in September 2024, Emergent agreed to pay $40 million to settle the lawsuit from shareholders. If you invested in Emergent, you may be eligible to <a href="https://11thestate.com/cases/emergent-investor-settlement">file for a portion</a> of the settlement to recover your losses.
As of now, Emergent BioSolutions has made significant progress in its recovery, securing a $50 million settlement with Johnson &amp; Johnson and driving a broader transformation under CEO Joe Papa. In Q3 2024, the company saw a 9% revenue increase to $293.8 million and secured vital government contracts, including a $250 million order to produce vaccines for anthrax, botulism, and smallpox. It also sold its Camden facility for $30 million to streamline operations. However, its stock remains far below previous highs, trading at $8 in November 2024 — a 93.6% decline from its $125 peak in 2021, showing that there is still a long road ahead for a recovery.

General

Emergent's Vaccine Production Failure: Contamination Scandal, Investor Backlash, and $40M Settlement

EQUA Specialty Risk Partners, a Canadian-owned insurance brokerage, is taking on one of the cannabis industry's most pervasive challenges: stigma. Through education, advocacy and innovative risk management strategies, EQUA seeks to transform how <a href="http://benzinga.com/cannabis">cannabis</a> businesses access insurance.&nbsp;
In an exclusive conversation with Benzinga, Loretta Eldridge, EQUA's director of marketing, communications and strategic partnerships, and Matt Jardine, cannabis client executive, spoke about the company's mission to create insurance solutions without stigma.
<h3 class="wp-block-heading">Uncovering The Impact Of Stigma On Canada&#8217;s Cannabis Operators</h3>
EQUA was founded in 2020 as a specialty brokerage for complex commercial risks. Initially focusing on industries like construction and technology, the company ventured into cannabis after Eldridge, a lifelong cannabis advocate and former director of marketing at Ample Organics, joined the team. &#8220;I&#8217;m transparently a lifelong consumer, a medical patient. I am really dedicated to the cannabis community because it is my community,&#8221; Eldridge said.
The shift began when Eldridge continued attending cannabis events and noticed a pressing need for insurance solutions. Business owners approached her with urgent requests for help. &#8220;It got to the point where in one of those conversations a woman I was chatting to started to get emotional. The one woman said, &#8216;I met you for a reason today. I need help,'&#8221; Eldridge recalled.
These interactions prompted two years of in-depth research involving nearly 60 industry leaders across 20 sub-sectors. What the EQUA team found was alarming. Canadian cannabis operators faced inflated premiums, limited market capacity and policies riddled with exclusions.
Jardine elaborated on the practical impacts of stigma, particularly for cultivators and processors. &#8220;You could have a neighboring risk that&#8217;s a greenhouse and they would have completely different premiums for the exact same size facilities&#8230; We have coined that the cannabis surcharge,&#8221; he noted.
<h3 class="wp-block-heading">EQUA's Strategy: Education, Collaboration &amp; Customized Solutions</h3>
However, EQUA has taken a proactive approach to dismantle these barriers, rooted in education and collaboration. Eldridge highlighted the importance of connecting cannabis operators directly with underwriters to dismantle biases. "We invite underwriters to tour facilities, see the stringent security measures and understand the hyper-regulated nature of the industry," she explained. These efforts have led to the entry of new insurance markets, gradually alleviating stigma.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
Customization lies at the heart of EQUA&#8217;s strategy. By deeply understanding each client&#8217;s unique needs, they tailor insurance packages accordingly. Jardine shared an example where EQUA reduced a client's stock coverage to align with actual inventory needs, saving thousands of dollars. "We personalize every policy, ensuring it matches the operator's specific requirements and eliminates unnecessary costs," Jardine said.
<h3 class="wp-block-heading">U.S. Laws Limit Cannabis Insurance Access Globally</h3>
Limited global insurance capacity due to <a href="https://www.benzinga.com/markets/cannabis/24/11/42093641/dea-is-compromised-doj-should-replace-it-in-cannabis-rescheduling-claims-joint-motion">U.S. federal illegality</a> further complicates problems, leaving Canadian businesses with fewer competitive options. This limits market capacity and sustains high premiums. Eldridge described the situation as a funnel, with stigma and legal barriers narrowing options at every level.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40900626/legal-medical-cannabis-could-save-us-healthcare-29b-annually-new-study-finds">Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds</a>
She also emphasized the importance of global outreach: &#8220;We don&#8217;t have to just go to the United States, we educate and engage with underwriters wherever those underwriters are legally allowed to offer these services to Canadian businesses.&#8221;
<h3 class="wp-block-heading">‘Cannabis Surcharge' Also Hits Ancillary Companies</h3>
And the challenges don't stop at plant-touching businesses. Eldridge pointed out that <a href="https://www.benzinga.com/markets/cannabis/23/09/34985762/exclusive-unlocking-potential-of-ancillary-companies-in-cannabis-industry">ancillary companies</a>, such as equipment manufacturers and technology providers, also face inflated premiums simply for serving cannabis clients. EQUA's role, she explained, includes educating underwriters to separate perceived risks from actual risks and advocating for fairer practices across the supply chain.
<h3 class="wp-block-heading">Overcoming Canada's Complex Cannabis Regulations</h3>
Moreover, navigating Canada's fragmented regulatory landscape is another area where EQUA&#8217;s tailored solutions provide critical support. Each province imposes unique insurance requirements, from product recall policies to liability limits. 
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40591338/canadas-cannabis-growth-slowed-due-to-federal-gov-inaction-key-industry-leader-says">Canada&#8217;s Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says</a>
Jardine noted that non-compliance can void policies, making EQUA's role in reviewing agreements and ensuring alignment indispensable for multi-province cannabis operators.
<h3 class="wp-block-heading">EQUA's Vision For Industry Transformation</h3>
When asked about their views on the future evolution of cannabis insurance, Eldridge expressed optimism. "The industry is waking up and wanting to support these companies because it's the right thing to do," she said. Jardine echoed this sentiment, predicting that increased competition and nuanced underwriting will lead to fairer premiums within the next two years.&nbsp;&nbsp;
With its focus on advocacy, education and tailored solutions, EQUA is reshaping how insurance is perceived in the cannabis industry. As Eldridge put it, "We're just at the beginning of the precipice of change and we're proud to be leading the charge."&nbsp;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42130221/the-best-and-worst-performing-states-for-cannabis-sales-in-2024-ytd-winners-and-losers">Best And Worst Performing States For Cannabis Sales In 2024: YTD Winners &amp; Losers</a></li>
</ul>
Image courtesy of EQUA.

Cannabis

Regulations

Exclusives

Interview

Insurance

EXCLUSIVE: How EQUA Tackles Stigma In Cannabis Insurance With Tailored Solutions

With President-elect Donald Trump gearing up to extend his signature tax policies, one big question looms: who wins with these cuts? Spoiler alert – it's not your average Joe. If you're <a href="https://www.benzinga.com/personal-finance/24/10/41193824/are-you-rich-enough-to-be-in-the-top-1-heres-both-the-income-and-net-worth-you-need-to-rank-amon">pulling in $450,000 or more a year</a>, congratulations, you've officially entered the winner's circle of potential tax breaks.&nbsp;
But let's break it down: who benefits the most, who barely feels a thing and what does this all mean for America's bottom line?
Don't Miss:
<ul>
<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>
<li><a href="https://www.benzinga.com/money/cd-valet-growth">CD Popularity Soars: Over 50 Million Americans Embrace Safe Savings with 5–10% Annual Growth</a></li>
</ul>
Big Money, Bigger Breaks
You&#8217;re in luck if your annual income sits at $450,000 or higher. This puts you squarely in the <a href="https://www.benzinga.com/personal-finance/24/10/41465234/are-you-among-the-top-5-of-earners-heres-the-income-you-need">top 5% of earners in the U.S</a>. and you're primed to receive the lion's share of the benefits from extending the 2017 Tax Cuts and Jobs Act (TCJA). High earners in this range could see their after-tax income increase by about 3.2%.
Things get even rosier for the ultrarich. If you're among the top 1% (earning $1 million or more), you're looking at an average tax cut of $70,000 by 2027. And for the elite 0.1% – those raking in $5 million or more – the benefits skyrocket to an average cut of nearly $280,000 or about 3% of after-tax income.
In short, the higher your income, the sweeter your tax break.
See Also: Many are using this retirement income calculator 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 how on what&#8217;s behind this formula.</a>
The Middle Class Gets Crumbs
Now, let's talk about <a href="https://www.benzinga.com/personal-finance/24/09/40711869/how-rich-are-you-heres-the-net-worth-that-defines-upper-middle-and-lower-class">middle-income households</a> earning between $65,000 and $116,000 annually. On average, this group might see a modest tax cut of around $1,000, representing a 1.3% bump in after-tax income, according to the Tax Policy Center. While any tax relief is welcome, it's clear these breaks don't pack the same punch for the middle class as they do for high earners.
But not everyone in this bracket will benefit. The TPC reports around 13% of middle-income households could see their taxes go up if these provisions are extended. The disparity here underscores one of the main criticisms of Trump's tax policies: they disproportionately favor the wealthy, leaving middle-income families feeling like an afterthought.
What's the Catch?
Extending the TCJA isn't cheap – it's projected to cost the U.S. government about $5 trillion over the next decade. Proponents argue that lower taxes spur economic growth, but critics warn that the plan could worsen income inequality and balloon the federal deficit.
The modest tax relief might feel like a drop in the bucket for many middle-class families already grappling with rising costs for essentials like housing, health care and education. Meanwhile, the ultra-wealthy continue to bank substantial savings, further widening the gap between the haves and the have-nots.
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
The Bottom Line
If you're making $450,000 or more annually, Trump's tax cuts could mean a significant boost to your bottom line. For everyone else, the benefits are smaller; you could sometimes even pay more.
As debates over the future of the TCJA unfold, it's worth considering not just the financial impact but also the broader social implications. Are these tax breaks driving growth or leaving too many Americans behind?
Understanding where you fall in this financial reshuffle is crucial. Whether counting your blessings – or bracing for a higher bill – staying informed is the best way to prepare for what's next in U.S. tax policy. And don't forget: <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">consulting a financial advisor</a> can help you navigate the potential changes and ensure you're making the most of any opportunities – or avoiding costly pitfalls.
Read Next:
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<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
<li><a href="https://www.benzinga.com/money/advisor-adv-warren-buffett">Warren Buffett Flipped His Neighbor's $67,000 Life Savings Into A $50 Million Fortune — This Would Be Worth Over $500 Million Today</a></li>
</ul>

Personal Finance

Are You Rich Enough To Benefit From Trump's Tax Breaks? Here's How Much You'd Need To Be Part Of The Top 5%

Cryptocurrency Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) has soared in value in recent days, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">for the crypto sector.</a>
On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for dead and investors fled after former FTX CEO Sam Bankman-Fried was arrested.
Here&#8217;s a look back at the fall of FTX and Bankman-Fried&#8217;s arrest, which may have been a good starting point to buy Solana.
What Happened: Solana's<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122387/solana-soars-10-reaches-new-all-time-high-market-cap-what-is-going-on"> all-time high</a> comes with meme cryptocurrencies once again surging in popularity and optimism that ETFs based on the fourth-largest crypto could be approved similarly to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ETFs.
With a market capitalization of $121.0 billion, Solana ranks fourth trailing only Bitcoin, Ethereum and stablecoin Tether.
While Solana now trades over $200 a coin, the crypto was one of many that fell on previous news surrounding FTX, including the company's bankruptcy and the arrest of founder Sam Bankman-Fried.
On Dec. 12, 2022, Bankman-Fried was arrested in the Bahamas after criminal charges were announced against him by U.S. prosecutors.
He was later <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35581805/ex-ftx-ceo-sam-bankman-fried-found-guilty-on-all-criminal-fraud-charges-faces-up-to-115-ye">found guilty</a> on seven counts of criminal fraud in November 2023. The announcement of the verdict initially caused a decline in the prices of&nbsp;<a href="http://benzinga.com/markets/cryptocurrency/23/11/35583286/bitcoin-ethereum-dogecoin-tumble-after-sam-bankman-fried-found-guilty-on-all-charges-analy" target="_blank" rel="noreferrer noopener">several major cryptocurrencies</a>.
Among the charges against the former FTX CEO were wire fraud, securities fraud, commodities fraud, money laundering and conspiracy to commit wire fraud.
The former FTX CEO <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37988324/sam-bankman-fried-sentenced-to-25-years-judge-points-to-ambition-political-manipulation">was sentenced to</a> 25 years in prison in March 2024.
Read Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41908812/if-you-invested-100-in-dogecoin-when-the-meme-coin-launched-heres-how-much-youd-have-today"> If You Invested $100 In Dogecoin When The Meme Coin Launched, Here&#8217;s How Much You&#8217;d Have Today</a>
Investing $1,000 in Solana:&nbsp;The bankruptcy of FTX and arrest of Bankman-Fried were among the top negative headlines for the cryptocurrency sector over the last year.
Solana is one of many cryptocurrencies that saw high volatility around those events. The cryptocurrency was also linked closely to FTX, given the cryptocurrency platform&#8217;s&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29685871/ftx-is-dead-solana-is-not-sol-sees-positive-volatility-as-community-concurs-sam-bankman-fr" target="_blank" rel="noreferrer noopener">former large position</a>&nbsp;in the coin and Bankman-Fried once telling a user on Twitter, now known as X, that&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/11/24160231/ftx-founder-sam-bankman-fried-may-have-had-one-of-the-best-2021-crypto-callouts-how-much-s" target="_blank" rel="noreferrer noopener">he would buy</a>&nbsp;all the Solana coins he could at $3 each.
For an investor in Solana, the arrest of Bankman-Fried could have been an ideal entry point, considering the cryptocurrency's price drop and subsequent rebound following the event.
On Dec. 12, 2022, Solana traded as high as $13.46. A $1,000 investment in the coin at its daily high could have acquired 74.29 SOL. The $1,000 investment would be worth $18,924.63 today. This represents a potential return of 1,792.5% over the past nearly two years.
For comparison, the S&amp;P 500 ETF Trust, which tracks the S&amp;P 500 stock market index, is up only 49.2% over the same time period.
While it remains to be seen if Solana can continue moving higher, investors who recognized that Bankman-Fried&#8217;s arrest and trial would be short-term bearish for cryptocurrency would have been pleasantly rewarded.
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
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This article was previously published by Benzinga and has been updated.
Photo: Skorzewiak/Shutterstock.com

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If You Invested $1,000 In Solana When Sam Bankman-Fried Was Arrested, Here's How Much You'd Have Today

TILT Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLLTF#OTC">TLLTF</a>) is at a critical juncture as it explores divesting its plant-touching business (PTB), which generates 75% of its revenue but continues to struggle with declining margins. Massachusetts operations, contributing two-thirds of revenue, are under pressure from market saturation, while Pennsylvania's wholesale arm faces reduced purchases as vertically integrated operators prioritize in-house products. 
Gross margins across TILT fell from 18% in Q1 to 14% in Q3, reflecting challenges across all divisions. Analyst Pablo Zuanic values the PTB between $20–$30 million, a modest sum given the company's $3 million market cap and heavy debt burden.
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<h3 class="wp-block-heading">Debt Remains A Major Hurdle Despite Positive Cash Flow</h3>
TILT's financial health is constrained by $62 million in net debt, with $12 million due in 2025 and $38 million in 2026, alongside $44 million in lease obligations. However, <a href="https://www.benzinga.com/topic/pablo-zuanic">Zuanic highlights</a> a positive development: TILT generated $2 million in operating cash flow in Q3 2024. 
<h3 class="wp-block-heading">Jupiter&#8217;s Challenges: A Dual Front</h3>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37083640/jupiter-research-weed-vape-cartridges-mso-brand">Jupiter, TILT's vape subsidiary</a>, is contending with both operational setbacks and broader market shifts. U.S. sales dropped to $9.4 million in Q3 2024, down from $15 million in the same period last year, even after adjusting for the transition of half its sales to a 15% distribution fee model. 
Canadian sales grew 11% to $6.4 million but saw gross margins collapse from 29% to zero. Zuanic calculates that Jupiter's distribution fees could generate $9 million annually at 100% gross margins, with the remaining $53 million in sales yielding 20% margins. This would produce $20 million in gross profit, making Jupiter potentially profitable with $10 million in EBITDA.&nbsp;
However, Zuanic remains cautious about the sustainability of these projections given continued market share erosion. 
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<h3 class="wp-block-heading">Competitive Landscape And CCELL Partnership</h3>
Jupiter's long-standing partnership with CCELL is adapting to shifting market dynamics. CCELL has diversified its production outside China to mitigate geopolitical risks, while also strengthening direct U.S. customer support. Zuanic raises concerns about potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35228569/whos-who-among-cannabis-hardware-vaping-suppliers-zuanic-associates-take-a-deep-div">overlap between CCELL's direct operations and Jupiter's business</a>, warning that structural changes may be necessary to preserve market leadership. 
Consumer preferences are shifting toward all-in-one devices (AIOs), prompting Jupiter to invest in proprietary technologies and bolster its supply chain. Despite these efforts, the company has yet to reverse a five-year trend of declining market share. Zuanic underscores the importance of aligning innovation with operational efficiency to stay competitive. For a deeper dive into his methodology and projections, visit <a href="https://zuanicgroup.com/">Zuanic &amp; Associates' research portal</a>.
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