Short interest for Roundhill Video Games ETF gives investors a sense of the degree to which investors are betting on the decline of Roundhill Video Games ETF's stock. Short interest data is updated every two weeks.

Roundhill Video Games ETF (NASDAQ:NERD), Short Interest Report

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Take-Two Interactive Software Inc plans to shut down two subsidiaries, Roll7 and Intercept Games, affecting 70 jobs as part of mass layoffs.

Grand Theft Auto Parent Shuts Two Iconic Game Studios as Part of Sweeping Layoffs

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Take-Two Interactive plans to reduce its workforce by 5% as part of a cost reduction program aimed at enhancing efficiency and margin profile, with an estimated total charge of $160 million to $200 million, while anticipating the release of Grand Theft Auto VI in 2025.

Grand Theft Auto Maker Take-Two Interactive To Slash 5% Workforce - What&#39;s Going On?

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Electronic Arts Inc plans to lay off 5% of its workforce, or about 670 jobs, as it aims to streamline operations and cease development on certain games. This move is part of EA&#39;s broader strategy to focus on immersive gaming experiences and optimize its real estate footprint.

EA To Lay Off 5% Employees, Shifts Focus on Core Gaming Franchises and Online Communities

Roundhill Video Games ETF

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<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) with a Buy and maintains $200 price target.</p>


Price Target

Reiteration

Analyst Ratings

KRYS

HC Wainwright & Co. Reiterates Buy on Krystal Biotech, Maintains $200 Price Target

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Duolingo</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DUOL, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Duolingo.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $79,520, and 6 are calls, for a total amount of $227,091.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $185.0 and $260.0 for Duolingo, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Duolingo's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Duolingo's substantial trades, within a strike price spectrum from $185.0 to $260.0 over the preceding 30 days.</p>
<h3>Duolingo Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715183152_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$16.2</td>
<td>$16.0</td>
<td>$16.0</td>
<td>$260.00</td>
<td>$65.6K</td>
<td>474</td>
<td style="text-align: right;">93</td>
</tr>
<tr>
<td>DUOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$19.0</td>
<td>$18.8</td>
<td>$18.8</td>
<td>$250.00</td>
<td>$54.5K</td>
<td>163</td>
<td style="text-align: right;">37</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$21.1</td>
<td>$20.0</td>
<td>$20.0</td>
<td>$240.00</td>
<td>$48.0K</td>
<td>1.5K</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$21.4</td>
<td>$20.0</td>
<td>$20.0</td>
<td>$240.00</td>
<td>$32.0K</td>
<td>1.5K</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$50.2</td>
<td>$48.0</td>
<td>$48.0</td>
<td>$200.00</td>
<td>$28.8K</td>
<td>291</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>
</p>
<h3>About Duolingo</h3>
<p>Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.</p>
<p>Having examined the options trading patterns of Duolingo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Duolingo's Current Market Status</h3>
<ul>
<li>Trading volume stands at 236,233, with DUOL's price down by -1.2%, positioned at $245.86.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
<p>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 Duolingo options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

DUOL

Check Out What Whales Are Doing With DUOL

<p>Financial giants have made a conspicuous bearish move on PayPal Holdings. Our analysis of options history for PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) revealed 13 unusual trades.</p>
<p>Delving into the details, we found 30% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $208,185, and 9 were calls, valued at $607,206.</p>
<h3>Projected Price Targets</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $75.0 for PayPal Holdings during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PayPal Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PayPal Holdings's substantial trades, within a strike price spectrum from $40.0 to $75.0 over the preceding 30 days.</p>
<h3>PayPal Holdings Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715183147_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$18.75</td>
<td>$18.5</td>
<td>$18.61</td>
<td>$50.00</td>
<td>$186.1K</td>
<td>10.7K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$60.00</td>
<td>$108.9K</td>
<td>1.7K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.75</td>
<td>$8.65</td>
<td>$8.65</td>
<td>$72.50</td>
<td>$84.7K</td>
<td>919</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$27.15</td>
<td>$26.5</td>
<td>$26.5</td>
<td>$40.00</td>
<td>$79.5K</td>
<td>36</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.9</td>
<td>$5.85</td>
<td>$5.85</td>
<td>$65.00</td>
<td>$57.9K</td>
<td>6.6K</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>
</p>
<h3>About PayPal Holdings</h3>
<p>PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.</p>
<p>After a thorough review of the options trading surrounding PayPal Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>PayPal Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,459,303, with PYPL's price down by -2.25%, positioned at $64.44.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 84 days.</li>
</ul>
<h3>What The Experts Say On PayPal Holdings</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $71.6.</p>
<ul>
<li>An analyst from Mizuho persists with their Neutral rating on PayPal Holdings, maintaining a target price of $68. </li>
<li>Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for PayPal Holdings, targeting a price of $82. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on PayPal Holdings with a target price of $65. </li>
<li>Consistent in their evaluation, an analyst from Stephens &amp; Co. keeps a Equal-Weight rating on PayPal Holdings with a target price of $75. </li>
<li>An analyst from Bernstein has decided to maintain their Market Perform rating on PayPal Holdings, which currently sits at a price target of $68. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for PayPal Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


PYPL

A Closer Look at PayPal Holdings's Options Market Dynamics

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Builders FirstSource</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BLDR, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Builders FirstSource.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 60% bullish and 10%, bearish.</p>
<p>Out of all of the special options we uncovered, 5 are puts, for a total amount of $655,490, and 5 are calls, for a total amount of $612,020.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $195.0 for Builders FirstSource during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Builders FirstSource options trades today is 280.12 with a total volume of 1,053.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Builders FirstSource's big money trades within a strike price range of $135.0 to $195.0 over the last 30 days.</p>
<h3>Builders FirstSource Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715183142_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BLDR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$32.5</td>
<td>$31.6</td>
<td>$32.5</td>
<td>$135.00</td>
<td>$325.0K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$14.3</td>
<td>$12.4</td>
<td>$13.9</td>
<td>$165.00</td>
<td>$322.4K</td>
<td style="text-align: right;">261</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$22.1</td>
<td>$19.5</td>
<td>$20.46</td>
<td>$180.00</td>
<td>$204.6K</td>
<td style="text-align: right;">596</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>BLDR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$34.1</td>
<td>$32.8</td>
<td>$33.41</td>
<td>$135.00</td>
<td>$166.9K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$2.85</td>
<td>$2.6</td>
<td>$2.73</td>
<td>$150.00</td>
<td>$54.6K</td>
<td style="text-align: right;">295</td>
<td style="text-align: right;">233</td>
</tr>
</tbody>
</table>
</p>
<h3>About Builders FirstSource</h3>
<p>Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing, and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.</p>
<p>Following our analysis of the options activities associated with Builders FirstSource, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Builders FirstSource Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,671,627, the BLDR's price is up by 0.71%, now at $163.77. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>Professional Analyst Ratings for Builders FirstSource</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $204.66666666666666.</p>
<ul>
<li>An analyst from Baird persists with their Neutral rating on Builders FirstSource, maintaining a target price of $197. </li>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Builders FirstSource, targeting a price of $180. </li>
<li>Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Builders FirstSource with a target price of $237. </li>
</ul>
<p>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 Builders FirstSource with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


BLDR

Looking At Builders FirstSource's Recent Unusual Options Activity

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Cytokinetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with a Buy and maintains $94 price target.</p>


CYTK

HC Wainwright & Co. Reiterates Buy on Cytokinetics, Maintains $94 Price Target

<p>Morgan Stanley  analyst Joseph Moore   maintains GLOBALFOUNDRIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) with a Overweight and raises the price target from $62 to $63.</p>


Morgan Stanley Maintains Overweight on GLOBALFOUNDRIES, Raises Price Target to $63

WIIM

WKSP

Worksport shares are trading higher after the company announced a $2.8 million New York State grant.

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Clene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNN#NASDAQ">CLNN</a>) with a Buy and maintains $7 price target.</p>


CLNN

HC Wainwright & Co. Reiterates Buy on Clene, Maintains $7 Price Target

OPFI

OppFi shares are trading higher after the company beat Q1 estimates and issued strong FY24 EPS guidance.

<p>A <strong>Boeing Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) cargo plane, operated by <strong>FedEx Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), made an emergency landing at Istanbul airport without its front landing gear, marking the latest setback <a href="https://www.benzinga.com/news/24/05/38693252/boeing-787-program-chief-lauds-employee-for-speaking-up-on-quality-checks-doing-the-right-thing" target="_blank" rel="noreferrer noopener">for the embattled planemaker</a>.</p>
<p>Turkish Transport Ministry official said there were no casualties and authorities had launched an investigation.</p>
<p>Flying from Paris Charles de Gaulle Airport, the Boeing 767 alerted the control tower in Istanbul about the landing gear issue.&nbsp;</p>
<p>The video captures the moment when the plane&#8217;s rear wheels make contact with the runway, followed by the fuselage, emitting sparks and smoke. The aircraft eventually comes to a stop after skidding along the runway. No fire appeared to have broken out.</p>
<p>The nearly decade-old Boeing 767 freighter involved in the incident is a commonly used cargo aircraft based on the 767 passenger model from the 1980s.&nbsp;</p>
<p>Turkish transport ministry officials leading the investigation conducted on-site examinations for further insights into the malfunction, Reuters noted.&nbsp;However, specific details regarding the cause were not immediately disclosed.</p>
<p>FedEx, the shipping company, assured its cooperation with investigative authorities. FedEx is committed to sharing additional information as it becomes available, emphasizing its commitment to safety and transparency.</p>
<p>Despite such incidents, Istanbul Airport assured the public that other runways remained operational, minimizing disruptions to air traffic.</p>
<p>As Boeing deals <a href="https://www.benzinga.com/government/24/05/38596243/another-boeing-whistleblower-dies-this-time-due-to-sudden-infection">with a growing crisis</a> in the wake of a mid-air panel explosion on a 737 MAX plane in January, Boeing announced restructuring its management team in response to increasing criticism from regulators and investors.</p>
<p><strong>Price Action:</strong> BA shares are up 0.8% at $178.24 at last check Wednesday.</p>
<p><strong><em>Read Next</em></strong><em>:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/04/38499524/boeing-to-raise-10b-via-bond-sale-amid-credit-rating-downgrade-will-investors-show-confidence" rel="noreferrer noopener">Boeing To Raise $10B Via Bond Sale Amid Credit Rating Downgrade &#8211; Will Investors Show Confidence?</a></em></p>
<p><em>Photo: Shuttestock</em></p>


Large Cap

Boeing Cargo Plane's Daring Gearless Landing In Istanbul, Investigation Underway

<p>Evercore ISI Group  analyst Elizabeth Anderson   maintains McKesson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) with a Outperform and raises the price target from $590 to $600.</p>


Evercore ISI Group Maintains Outperform on McKesson, Raises Price Target to $600

<p>Needham  analyst Gil Blum   reiterates Cartesian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) with a Buy and maintains $42 price target.</p>


RNAC

Needham Reiterates Buy on Cartesian Therapeutics, Maintains $42 Price Target

<p>Evercore ISI Group  analyst David Palmer   maintains WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) with a In-Line and raises the price target from $21 to $23.</p>


Evercore ISI Group Maintains In-Line on WK Kellogg, Raises Price Target to $23

<p>Evercore ISI Group  analyst David Palmer   maintains BellRing Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>) with a Outperform and raises the price target from $60 to $65.</p>


BRBR

Evercore ISI Group Maintains Outperform on BellRing Brands, Raises Price Target to $65

Politics

AAPL

Communication Workers Of America Charges Apple With Additional Labor Law Violations

<p>Employees trapped in a <strong>FedEx</strong> building in Portage, Michigan, were successfully evacuated after a tornado caused a partial collapse of the building on Tuesday night.</p>
<p><strong>What Happened</strong>: As reported by <a href="https://www.mlive.com/news/kalamazoo/2024/05/trapped-workers-at-fedex-building-escape-after-reported-tornado.html">mlive.com</a>, the incident took place late Tuesday night when a tornado hit the area. The Kalamazoo County Sheriff&#8217;s Office confirmed no fatalities from the suspected twin tornadoes that struck the Portage area.</p>
<p>The tornado resulted in non-severe injuries to up to 16 people at the Pavilion Estates mobile home community. Kalamazoo County Sheriff Richard Fuller commended the local police and fire departments for their timely response and cooperation during the storm.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/05/38607615/russian-troops-enter-us-military-base-in-niger-amid-rising-tensions?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Russian Troops Enter US Military Base In Niger Amid Rising Tensions</a></em></p>
<p>At the <strong>FedEx Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) building on Portage Road, it was reported that up to 50 people were trapped at one point. However, all individuals were successfully evacuated, and according to a FedEx statement, there were no serious injuries. </p>
<p>FedEx also told Fox News that the company is working on contingency plans to <a href="https://www.foxweather.com/weather-news/severe-weather-tornadoes-ohio-valley-forecast-tuesday">&#8216;lessen any potential impacts on service.&#8217;</a></p>
<p>Fuller lauded the inter-agency cooperation as a &#8220;huge success&#8221; in managing the emergency. The American Red Cross is currently providing temporary shelter for those affected.</p>
<p><strong>Why It Matters</strong>: This incident underscores the importance of emergency preparedness and inter-agency cooperation in managing crises. </p>
<p>The successful evacuation of the FedEx employees, despite the partial building collapse, is a testament to the effectiveness of the emergency response system in place. </p>
<p>The quick response from local police and fire departments, coupled with the support from the American Red Cross, ensured the safety of those affected by the tornado. </p>
<p>This incident serves as a reminder of the potential dangers posed by severe weather conditions and the importance of having robust emergency response strategies in place.<br /><br /><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/05/38635067/elon-musk-says-robert-de-niro-is-so-out-of-touch-its-insane-after-legendary-actor-compares-trump-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Robert De Niro Is &#8216;So Out Of Touch, It&#8217;s Insane&#8217; After Legendary Actor Compares Trump To H</a></em></p>
<p><em>Image: Shutterstock</em></p>


FedEx Employees Trapped In Michigan Facility Evacuate After Tornado

<p>Evercore ISI Group  analyst Vijay Jayant   maintains Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Outperform and lowers the price target from $130 to $128.</p>


Evercore ISI Group Maintains Outperform on Walt Disney, Lowers Price Target to $128

<p>Needham  analyst Matt McGinley   reiterates Verano Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>) with a Buy and maintains $7 price target.</p>


VRNOF

Needham Reiterates Buy on Verano Holdings, Maintains $7 Price Target

<p>Brazilian brewing company&nbsp;<strong>Ambev SA&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEV#NYSE">ABEV</a>)&nbsp;<a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/c8182463-4b7e-408c-9d0f-42797662435e/0bdf4318-e6ab-cb8e-c44e-3aee4060421a?origin=1" rel="noreferrer noopener">reported&nbsp;</a>first-quarter&nbsp;FY24 net revenue decline of 1.2% to R$20.3 billion. On an organic basis, net revenue gained 4.5%.&nbsp;Net&nbsp;revenue&nbsp;per&nbsp;hl&nbsp;slipped&nbsp;1.4%.</p>
<p>Consolidated volume was virtually flat (+0.1%), as positive performances in Brazil (+6.5% in NAB and +3.6% in Beer) and Central America and the Caribbean (CAC) (+5.6%)&nbsp;were offset&nbsp;by Latin America South (-12.7%) and Canada (-7.7%).</p>
<p>Gross profit for the quarter dropped 1.8% to R$10.2 billion, and the margin contracted 30 basis points to 50.4%.</p>
<p>Normalized profit dropped 0.6% to R$3.8 billion. Normalized EBITDA climbed 1.4% to R$6.5 billion, and the normalized EBITDA margin expanded by 80 basis points to 32.2%.</p>
<p>Ambev held R$12.8 billion in cash and equivalents as of March-end.</p>
<p>&#8220;Our continued commercial momentum delivered a&nbsp;strong start to&nbsp;the year with double-digit&nbsp;Normalized</p>
<p>EBITDA growth (with margin expansion),&#8221; said CEO Jean Jereissati.</p>
<p><strong>Price Action</strong>: ABEV shares are trading lower by 3.66% at $2.37 at&nbsp;the last check Wednesday.</p>


Earnings

ABEV

Brewing Company Ambev Posts 4.5% Organic Revenue Growth In Q1

<p>Craig-Hallum  analyst Richard Shannon   maintains Aeva Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEVA#NYSE">AEVA</a>) with a Buy and lowers the price target from $10 to $7.</p>


AEVA

Craig-Hallum Maintains Buy on Aeva Technologies, Lowers Price Target to $7

Videogame sales fall again in April despite more console gains

Nintendo's 'Zelda' pushes videogame sales to healthy rebound in May

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Pay close attention to the global video game market. For one, according to analysts at Newzoo, <a href="https://newzoo.com/resources/blog/explore-the-global-games-market-in-2023" target="_blank">the global gaming market could generate up to $187.7 billion just this year</a>. They also say the global payer count &ndash; those who spend money on gaming &ndash; could increase 7% to 1.47 billion. Two, highly anticipated titles have been released this year from some of the best gaming stocks, including <em>Final Fantasy 16, Spider-Man 2, </em>and<em> Super Mario Bros. Wonder.&nbsp;</em></p>
<p>Even more are expected to hit the shelves in 2024. Plus, in the next year or two, one of the most hotly anticipated games &ndash; <em>Grand Theft Auto VI</em> &ndash; will be released. That being said, investors may want to consider buying gaming stocks such as:</p>
<p></p>
<h2><strong>Take-Two Interactive (TTWO)</strong></h2>
<div><img src="https://investorplace.com/wp-content/uploads/2020/05/ttwo-stock-300x169.jpg" alt="Take-Two Interactive (TTWO) logo displayed on a smartphone" width="300" height="169"><div>Source: rafapress / Shutterstock.com</div></div>
<p>One of the best-performing video game stocks of the year has been <strong>Take-Two Interactive</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ttwo-stock-quote/"><strong>TTWO</strong></a>). All&nbsp; of this is thanks to earnings and speculation that we will soon see the release of <em>Grand Theft Auto VI</em> &ndash; one of the best-selling, hotly anticipated titles.</p>
<p>Since releasing the first Grand Theft Auto title in Nov. 1997 through <em>Grand Theft Auto V</em>&nbsp;in Sept. 2013, the franchise has sold <a href="https://www.levelup.com/en/news/738385/Nearly-50-of-the-total-sales-of-the-Grand-Theft-Auto-franchise-are-from-GTA-V" target="_blank">400 million units</a>. The fifth installment alone sold <a href="https://www.levelup.com/en/news/738385/Nearly-50-of-the-total-sales-of-the-Grand-Theft-Auto-franchise-are-from-GTA-V">180 million units</a> since its release, making it the best-selling game in the United States of the last 10 years. Better, when the next game is released. it could do even better. This is leading to higher highs in the Take-Two Interactive stock.</p>
<p>Helping, CEO Strauss Zelnick hinted at a possible release date for <em>Grand Theft Auto VI</em>. &ldquo;We leave the announcement of upcoming titles to our labels and we have said we have a very robust pipeline of titles and we have a great outlook for fiscal 2025 where we&rsquo;ve reiterated our belief that we&rsquo;ll generate about $8 billion in net bookings,&rdquo; he said, <a href="https://hypebeast.com/2023/8/take-two-interactive-ceo-strauss-zelnick-rockstar-games-grand-theft-auto-gta-vi-release-window#:~:text=The%20exec%20was%20asked%20during,we%27ve%20reiterated%20our%20belief">as quoted by HypeBeast</a>.</p>
<p>That answer is the best hint yet on the potential release date. That&rsquo;s because Grand Theft Autho is one of the very few TTWO games that can generate sales anywhere near $8 billion.</p>
<p></p>
<h2><strong>Electronic Arts (EA)</strong></h2>
<div><img src="https://investorplace.com/wp-content/uploads/2019/08/ea1600b-300x169.jpg" alt="" width="300" height="169"><div>Source: ricochet64 / Shutterstock.com</div></div>
<p>There&rsquo;s also <strong>Electronic Arts</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ea-stock-quote/"><strong>EA</strong></a>), which has become technically oversold on relative strength, MACD, and Williams&rsquo; %R. From its current price of $120.54, I&rsquo;d like to see it refill its bearish gap around $135 initially. While the stock dipped on disappointing bookings &ndash; which missed expectations by $10 million &ndash; it&rsquo;s a buying opportunity.</p>
<p>For one, bookings were still up 21% year over year thanks to the release of <em>Star Wars Jedi: Survivor</em>. Two, the company is set to release even more hotly anticipated game titles, which should boost net bookings. Finally, the company raised its forecasts. It now expects to see second-quarter revenues of $1.82 billion to $1.92 billion, and for EPS to come in between $1.7 billion and $1.8 billion, which are higher than the prior quarter.</p>
<p>Electronic Arts also just declared a quarterly cash dividend of $0.19 per share. It&rsquo;s payable on Sept. 20 to shareholders of record as of Aug. 30. Again, with a good deal of weakness priced into the EA stock, it&rsquo;s a buy opportunity.</p>
<p></p>
<h2><strong>Roundhill Video Games ETF (NERD)</strong></h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-300x169.png" alt="Illustration of an ETF in multiple sectors." width="300" height="169"><div>Source: SWKStock / Shutterstock</div></div>
<p>Or, if you just want to diversify among most of the top video game stocks at a low cost, there&rsquo;s always an ETF. With an expense ratio of 0.50%, the <strong>Roundhill Video Games ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/nerd-stock-quote/"><strong>NERD</strong></a>) offers exposure to 37 video game stocks in an industry that could be worth $211 billion by 2025. Some of its top holdings include <strong>Nintendo</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdoy-stock-quote/"><strong>NTDOY</strong></a>), Electronic Arts, Take-Two Interactive, <strong>Roblox Corp.</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a>), <strong>Unity Software</strong> (NYSE:<a href="https://investorplace.com/cryptocurrency/u/"><strong>U</strong></a>), and <strong>Konami Group</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/konmy-stock-quote/"><strong>KONMY</strong></a></span>) to name a few.</p>
<p>After running from about $14 to $16.40, the ETF did pull back to about $14.76 recently. However, with solid video game release dates nearing, I&rsquo;d like to see the NERD ETF closer to $18 a share. This stock and the rest of the ones we mentioned are all among the best gaming stocks out there.</p>
<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div>
<p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p>
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<p>The post <a href="https://investorplace.com/2023/09/the-3-best-gaming-stocks-to-buy-now-september-2023/">The 3 Best Gaming Stocks to Buy Now: September 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Gaming Stocks to Buy Now: September 2023

Thematic Trends Post-Lockdown: What Worked And What Didn't

By 2025, the number of gamers is estimated to reach 3.6 billion and generate a whopping $211 billion in revenue. The video game industry's success is fueled by enthusiasts who engage with gaming by making gaming a part of their social life.