Meihua Intl Medical Techs Stock (NASDAQ: MHUA)

Meihua Intl Medical Techs (NASDAQ:MHUA) Stock, Quote.Headers.trade-ideas

Meihua Intl Medical Techs

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.

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MHUA

Meihua International Medical Technologies shares are trading higher Wednesday after the company announced its NT-2000 surgical path analysis system successfully supported the world&#39;s second 5G remote robot-assisted lobectomy.

Why Meihua Stock Is Moving Today

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Shares of  DouYu International Holdings Limited (NASDAQ: DOYU) rose sharply during Thursday’s session after announcing a share repurchase program.

Why DouYu International Shares Are Trading Higher By 14%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Meihua International Medical Technologies Co., Ltd. - Ordinary Shares

Meihua International Medical Technologies Co Ltd

Sony Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) short percent of float has risen 8.33% since its last report. The company recently reported that it has 7.84 million shares sold short, which is 0.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sony Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735233312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sony Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sony Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sony Gr's peer group average for short interest as a percentage of float is 4.74%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Sony Group Corporation American Depositary Shares

SONY

Looking Into Sony Gr's Recent Short Interest

LNKS

Linkers Industries Shares Halted To The Downside; Stock Now Down -35.56%

Billionaire investor Stanley Druckenmiller recently made a big investment in Broadcom (AVGO), <a href="https://www.benzinga.com/24/12/42659876/stanley-druckenmiller-pours-funds-into-1-trillion-company-already-trading-up-100?adt_ei=%7B%7Bemail%7D%7D&amp;he=%7B%7Bemail%7D%7D">increasing his stake to 239,980 shares</a>.&nbsp;
That stake, up 35% since September, is worth almost $56 million, one of the largest holdings in Druckenmiller&#8217;s private family fund. Now, Broadcom shares have surged almost 70% recently, so the stock is probably due for a breather.
But Druckenmiller&#8217;s big bet suggests there&#8217;s plenty of upside potential left.
I anticipate some consolidation into January and perhaps even February before the stock makes its next big move. That&#8217;s why the trade to make on Broadcom in the near term is a short iron condor.
Let me show you.
The short iron condor is a combination of a short call spread and a short put spread – a trade that sells premium on both the lower and upper bounds of price under the notion that prices remain rangebound in consolidation of strength.
As a result, the position loses the value we collected for selling it, and we are able to buy it back at a cheaper cost and keep the difference as profit for holding the spreads over time.&nbsp;
Here&#8217;s the trade structure I&#8217;m looking at:
<ul>
<li>Sell to open 1 AVGO 17 Jan 260 calls </li>
<li>Buy to open 1 AVGO 17 Jan 265 calls </li>
<li>Buy to open 1 AVGO 17 Jan 220 puts </li>
<li>Sell to open 1 AVGO 17 Jan 215 puts </li>
</ul>
At this writing, the credit collected is $1.67 and this number represents the total profit for the position.&nbsp;&nbsp;
The reason I chose these particular strikes is because of AVGO&#8217;s support and resistance levels. The relative resistance zone currently sits right around $250, and from here we should consolidate (move around within a range of price for a period of time). The relative support is near $225.
This strategy provides four outcomes to exit the trade:&nbsp;
<ol>
<li>Buy back the iron condor as its value erodes – I like to collect 50% of the original collected premium, in general. </li>
<li>Buy back the iron condor within ten days of expiration, especially if there is no movement in price. </li>
<li>If the prices spike above the short strikes (in this case, above $260 or below $220) for more than 3 days: exit the position, irrespective of where profits sit. </li>
<li>Buy back the iron condor if it moves above your threshold for loss – usually between 35%-50% above the collected premium.</li>
</ol>
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Image via Flickr

Opinion

A Billionaire Set Us Up Perfectly for This Options Trade

WIIM

Rumble shares are trading higher. The stock may be moving on continued strength after the company, last week, announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.

Reported Earlier: Mastercard SpendingPulse Says U.S. Retail Sales Excluding Automotive Increased 3.8% YoY From Nov 1 Through Dec 24; U.S. Online Retail Sales In Holiday Season Grew 6.7% YoY, Whereas In-store Sales Increased 2.9%

RGTI

Rigetti Computing shares are trading higher amid continued momentum in quantum stocks.

AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) will release earnings results for its second quarter, after the closing bell on <a href="https://www.benzinga.com/quote/air/earnings">Tuesday, Jan. 7, 2025</a>.
Analysts expect the Wood Dale, Illinois-based company to report quarterly earnings at 84 cents per share, up from 81 cents per share in the year-ago period. AAR projects to report revenue of $654.09 million for the recent quarter, compared to $545.4 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 20, AAR announced divestiture of non-core Landing Gear Overhaul business to optimize portfolio.
AAR shares fell 0.1% to trade at $60.87 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/AIR/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>RBC Capital analyst Ken Herbert reiterated an Outperform rating with a price target of $75 on Nov. 4. This analyst has an accuracy rate of 64%.</li>
<li>Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $83 on Oct. 4. This analyst has an accuracy rate of 85%.</li>
<li>Stifel analyst Bert Subin maintained a Buy rating and decreased the price target from $86 to $85 on July 19. This analyst has an accuracy rate of 62%.</li>
<li>William Blair analyst Louie DiPalma initiated coverage on the stock with an Outperform rating on Jan. 29. This analyst has an accuracy rate of 72%.</li>
</ul>

Considering buying AIR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26110243/image-211-1024x590.png" alt="" class="wp-image-707873" style="width:588px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26110243/image-211-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26110243/image-211-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26110243/image-211-768x443.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26110243/image-211.png 1105w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

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AAR Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Rumble shares are trading higher. The stock may be moving on continued strength after the company, on Friday, announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.

Fans of global superstar Beyoncé who missed her Christmas Day NFL halftime performance, or want to relive the moment, are in for a treat. Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is set to feature one of the standout moments from its <a href="https://www.benzinga.com/general/sports/24/12/42512587/netflix-analyst-say-its-only-investable-media-stock-projects-150-million-nfl-christmas-day-boost">debut NFL game streams.</a>
What Happened: For the first time ever, Netflix <a href="https://www.benzinga.com/24/12/42653325/exclusive-netflix-to-have-merry-christmas-with-nfl-games-will-viewers-tune-in-60-say">streamed two live</a> NFL games on Christmas Day. The games, which are part of a three-year deal, saw Netflix as the exclusive home of the Kansas City Chiefs at Pittsburgh Steelers and Baltimore Ravens at Houston Texans matchups on Wednesday.
Beyoncé <a href="https://about.netflix.com/en/news/beyonce-delivers-epic-gift-of-a-halftime-performance-beyonce-bowl-is-coming">performed </a>a 12-minute set during halftime of the Ravens and Texans game, which took place in her hometown of Houston.
Being labeled the "Beyoncé Bowl" by Netflix, the halftime performance featured the first-ever live performances of songs from the singer's "Cowboy Carter" album.
The performance featured guest appearances by Shaboozey, Post Malone and Beyoncé's daughter Blue Ivy Carter.
Netflix announced that "Beyoncé Bowl" will be released as a standalone special on the streaming platform later this week.
The streaming company did not provide an exact date or additional details on whether the special would just be the halftime performance or include behind-the-scenes or additional footage.
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/12/42563662/streamers-max-paramount-won-november-heres-why-analyst-expects-netflix-amazon-to-win-december"> Streamers Max, Paramount+ Won November: Here&#8217;s Why Analyst Expects Netflix, Amazon To Win December</a>
Why It's Important: Netflix appears poised to leverage the star power of one of the world's most popular singers, featured during halftime of its inaugural Christmas Day NFL games.
Beyoncé previously performed at halftime of Super Bowl XLVII in 2013, a performance that featured her Destiny's Child bandmates Kelly Rowland and Michelle Williams, and in 2016 with Coldplay and Bruno Mars at Super Bowl 50. Both halftime performances rank among the most watched in NFL history. &nbsp;
The singer teased that there is more coming from her next month. An Instagram <a href="https://www.instagram.com/p/DEBPJl1yvvp/">post </a>featured Beyoncé on a horse with an American flag and ends with the screen showing the date of Jan. 14, 2025.
While the teaser post may not be in relation to Netflix, the streaming company has more coming from Beyoncé.
The singer and streamer signed a $60 million <a href="https://variety.com/2019/music/news/beyonce-netflix-deal-1203193729/">deal </a>in 2019, which included "Homecoming," a documentary concert film about the singer's 2018 Coachella performance.
Several reports suggest that the NFL Christmas Day performance and subsequent "Beyoncé Bowl" release are the second of the three projects, leaving one more Netflix special coming from the global superstar.
NFLX Price Action: Netflix stock is down 1.2% to $920.78 on Monday versus a 52-week trading range of $461.86 to $941.75. Netflix stock is up 97% year-to-date in 2024.
Read Next: 
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</ul>
Photo: Shutterstock

Entertainment

Sports

NFLX

Netflix To Release 'Beyoncé Bowl' NFL Halftime Performance As Standalone Special

DLTR

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Shares of retail stocks are trading higher in possible reaction to Mastercard SpendingPulse data, which showed US retail sales grew 3.8% in the holiday season.

Wedbush analyst Daniel Ives maintains Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Outperform and raises the price target from $300 to $325.

AAPL

Wedbush Maintains Outperform on Apple, Raises Price Target to $325

Macro Notification

General

Putin Says Russia Is Ready To Supply Gas Via Ukraine To Any Counter-Agent, But That's Impossible Due To Lawsuit From Kyiv; Ukraine Punishes Europe By Shutting Russian Gas Transit; Gas Prices In Europe Will Rise

WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) shares are <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42686949/wimi-develops-a-quantum-technology-based-random-access-memory-architecture" rel="noreferrer noopener">trading higher on Thursday.</a>
The firm has announced the development of a Quantum Technology-Based Random Access Memory Architecture, known as QRAM.
QRAM combines quantum logic gates such as the CNOT gate, V gate, and V+ gate to perform logical operations like AND, OR, NOT, and NOR within quantum systems, harnessing quantum properties like superposition and entanglement for enhanced computational efficiency.
Unlike traditional RAM, which operates sequentially, QRAM leverages quantum superposition to enable parallel data access, significantly speeding up operations.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/24/12/42686735/azerbaijan-airliner-crash-kills-38-weather-russia-under-scrutiny" rel="noreferrer noopener">Azerbaijan Airliner Crash Kills 38: Weather, Russia Under Scrutiny</a>
Quantum entanglement further improves efficiency by allowing multiple qubits to be correlated without direct communication, resulting in faster data transfer and processing. This design dramatically enhances computational performance, especially for large-scale tasks like molecular simulations and complex optimizations.
WiMi's QRAM architecture also integrates a quantum error correction mechanism, which ensures that qubit states remain stable and accurate during data read and write operations. This feature is crucial for maintaining reliability in quantum computing systems, where external disturbances can easily cause errors.
The QRAM system is highly compatible with quantum processing units, enabling smooth data transmission between memory and processors, which optimizes overall computational efficiency. With its ability to handle large datasets, QRAM is poised to advance quantum machine learning and quantum encryption applications, providing faster training and secure data transmission.
WiMi&#8217;s development of QRAM marks a significant step forward in quantum technology, setting the stage for a future where quantum computers play a crucial role in solving complex real-world problems.
Price Action: WIMI shares are trading higher by 13.3% to $1.27 at last check Thursday.
Also Read:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42356227/spacexs-22488-satellite-expansion-challenged-over-elon-musks-russian-connections-and-environmental-risks" target="_blank" rel="noreferrer noopener">SpaceX's Satellite Expansion Challenged: Ukrainian-Americans Allege Elon Musk's Russian Ties And Environmental Risks In FCC Petition</a></li>
</ul>

Equities

WIMI

WiMi Develops Quantum Technology-Based QRAM Architecture, Shares Surge

Linkers Industries Shares Resume Trade

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

Eurozone

Commodities

NEUP

SPRC

SVRE

ZCAR

Dow Gains 50 Points, SEALSQ Shares Plummet

Mark Zuckerberg recently shared a glimpse into his personal and professional life through a lighthearted Instagram video posted by the Chan Zuckerberg Initiative. While the video focused on the couple&#8217;s nonprofit work and fun personal anecdotes, many viewers couldn't help but notice the stunning watch on Zuckerberg's wrist – a Patek Philippe Grand Complications 5303R in 18k rose gold, worth a jaw-dropping $1.2 million.
<a href="https://www.instagram.com/reel/DDpSq-DRpxb">https://www.instagram.com/reel/DDpSq-DRpxb</a>
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This luxurious timepiece isn't just an accessory; it's a masterpiece of craftsmanship. The Patek Philippe Minute Repeater Skeleton 5303R is a rare creation that puts its intricate mechanics on full display. The watch's standout feature is its open sapphire dial, where you can see the hammers and gongs of the minute repeater in action – essentially, the watch chimes the time in an audible format. Its rose-gold case, paired with white-gold decorative details and a black alligator leather strap, makes it as much a work of art as it is an engineering feat.
In the <a href="https://www.instagram.com/reel/DDpSq-DRpxb/">video</a>, Zuckerberg and his wife, <a href="https://www.benzinga.com/general/entertainment/24/08/40411578/meta-ceo-mark-zuckerberg-commissions-statue-of-wife-priscilla-chan-sparks-online-buzz-bring">Priscilla Chan</a>, answered rapid-fire questions while offering a glimpse into their daily life. From sharing their favorite school subjects (Zuckerberg loves coding, biology and math) to talking about making homemade ice cream (from their own dairy cow, no less) with their kids. Zuckerberg even joked about losing a pair of mittens Chan made for him when they were teenagers.
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
The <a href="https://www.benzinga.com/news/24/01/36593131/science-takes-center-stage-at-czi-as-mark-zuckerberg-and-priscilla-chan-alter-philanthropic-course">Chan Zuckerberg Initiative</a> has been working on innovative health projects, such as developing microsensors to detect inflammation in the body. Zuckerberg highlighted their potential to help people live healthier lives, showcasing the couple's commitment to merging technology and philanthropy.
While the video celebrated the couple's efforts to advance education, health care and scientific research, Zuckerberg's growing watch collection caught some extra attention. Known for his simple wardrobe, his taste in watches is anything but basic. The Patek Philippe 5303R, originally retailing for $720,000, now commands an average selling price of $1.2 million. It joins other high-end pieces in Zuckerberg's collection, like the Bulgari Octo Finissimo Ultra COSC, which was spotted on his wrist earlier this year.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Addressing the Bunker Rumors</h2>
In addition to his nonprofit work and luxury watches, Zuckerberg recently clarified rumors surrounding a supposed <a href="https://www.benzinga.com/startups/24/01/36720135/mark-zuckerberg-spent-187-million-secretly-buying-1-600-acres-of-hawaii-land-and-now-he-is-reportedl">massive bunker</a> on his Hawaii compound. In an interview with Bloomberg, he addressed a WIRED report that suggested he was building a 5,000-square-foot bunker under his Kauai property.
"That's just like a little shelter," Zuckerberg said. "Whatever you want to call it, hurricane shelter, whatever. I think it got like, blown out of proportion as if like the whole ranch was some kind of doomsday bunker, which is just not true."
He explained that their <a href="https://www.benzinga.com/real-estate/24/06/39437900/mark-zuckerberg-owns-over-1-200-acres-of-land-including-a-hawaiian-doomsday-bunker-now-hes-building">Hawaii property, Koolau Ranch</a>, focuses on ranching and sustainability. "The Kauai thing is really fun," he shared. "We have this whole vertical integration plan where we're growing macadamia nuts to feed the macadamia meal and we're brewing beer because that helps [the cattle] eat more. That's fun."
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</ul>

Mark Zuckerberg Talks Non-Profit Achievements While Displaying A $1.2 Million Patek Philippe Watch

In the current market session, L3Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) share price is at $213.79, after a 0.22% spike. Moreover, over the past month, the stock decreased by 13.18%, but in the past year, went up by 1.51%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735232408_0.png" alt="Past Year Chart" />

<h3>Comparing L3Harris Technologies P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
L3Harris Technologies has a lower P/E than the aggregate P/E of 71.42 of the Aerospace &amp; Defense industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735232408_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Price Over Earnings Overview: L3Harris Technologies

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