Latest news for  (OTC:RSHHS) Stock

Morgan Stanley analyst Betsy Graseck maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Underweight and lowers the price target from $97 to $93.

News

Price Target

Analyst Ratings

NTRS

Morgan Stanley Maintains Underweight on Northern Trust, Lowers Price Target to $93

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods cut Principal Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NYSE">PFG</a>) price target from $88 to $86. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58da738bb85e9300014639dd/ryan-krueger">Keefe, Bruyette &amp; Woods analyst Ryan Krueger</a> maintained a Market Perform rating. Principal Financial shares closed at $81.43 on Monday. <a href="https://www.benzinga.com/quote/PFG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan raised the price target for Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) from $91 to $95. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6363d9392048c30001610cbe/casey-woodring">JP Morgan analyst Casey Woodring</a> maintained an Overweight rating. Hologic shares closed at $79.64 on Monday. <a href="https://www.benzinga.com/quote/HOLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital boosted the price target for F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) from $182 to $205. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f377f9dd00011b0ab2/matthew-hedberg">RBC Capital analyst Matthew Hedberg</a> maintained a Sector Perform rating. F5 shares closed at $177.59 on Monday. <a href="https://www.benzinga.com/quote/FFIV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted the price target for Varonis Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) from $55 to $60.<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/57fdefd3ac6af40001334e3e/joel-fishbein"> Truist Securities analyst Joel Fishbein</a> reiterated a Buy rating. Varonis shares closed at $48.49 on Monday. <a href="https://www.benzinga.com/quote/VRNS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) price target from $200 to $255. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6062fb3160c58c00018c213e/stephen-baxter">Wells Fargo analyst Stephen Baxter</a> maintained an Overweight rating. Universal Health shares closed at $217.43 on Monday. <a href="https://www.benzinga.com/quote/UHS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark increased the price target for ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) from $80 to $90. <a href="https://widgets.benzinga.com/analyst-stock-ratings/analyst/60216a57879cba00010f246b/david-williams">Benchmark analyst David Williams</a> maintained a Buy rating. ON Semiconductor shares closed at $78.27 on Monday. <a href="https://www.benzinga.com/quote/ON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna increased Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) price target from $160 to $180.<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e99cf3ed89aa400014fa918/christopher-stathoulopoulos"> Susquehanna analyst Christopher Stathoulopoulos</a> maintained a Positive rating. Royal Caribbean Cruises shares closed at $155.14 on Monday. <a href="https://www.benzinga.com/quote/RCL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays boosted Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $480 to $505. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5ae1f1fb1fe0110001f9176e/david-strauss">Barclays analyst David Strauss </a>maintained an Equal-Weight rating. Lockheed Martin shares closed at $527.64 on Monday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) price target from $40 to $45. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60ed6112b473c600014bf1c9/charles-shi">Needham analyst Charles Shi</a> maintained a Buy rating. Amkor Technology shares closed at $37.60 on Monday. <a href="https://www.benzinga.com/quote/AMKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays boosted GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) price target from $175 to $200. <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585808edee7bf60001bcfa26/julian-mitchell">Barclays analyst Julian Mitchell</a> maintained an Overweight rating. GE Aerospace shares closed at $169.87 on Monday. <a href="https://www.benzinga.com/quote/GE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/40038432/mcdonalds-analysts-cut-their-forecasts-after-downbeat-earnings">McDonald&#8217;s Analysts Cut Their Forecasts After Downbeat Earnings</a></li>
</ul>

Markets

Trading Ideas

AMKR

FFIV

HOLX

VRNS

GE Aerospace To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Tuesday

Stephens &amp; Co. analyst Jacob Johnson reiterates Repligen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) with a Overweight and maintains $170 price target.

Reiteration

RGEN

Stephens & Co. Reiterates Overweight on Repligen, Maintains $170 Price Target

Citigroup analyst Anthony Pettinari maintains Weyerhaeuser (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) with a Buy and lowers the price target from $37 to $36.

Citigroup Maintains Buy on Weyerhaeuser, Lowers Price Target to $36

The internet&#8217;s love affair with Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) dogs and cryptocurrencies has taken a bizarre new turn with <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40017189/dogecoin-owners-new-dog-neiro-gets-memed-developer-turns-3-sol-into-2-85m-in-suspected-fou">the launch of</a> Neiro (CRYPTO: NEIRO).
What Happened: The recent announcement of a new Shiba Inu puppy, Neiro (CRYPTO: NEIRO), by the owner of the original Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) meme coin dog, Kabosu, has sparked a frenzy of token creation on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain.
Kabosu, whose iconic image became the face of Dogecoin, passed away earlier this year, leaving a significant void in the crypto community. 
The introduction of Neiro, a new Shiba Inu puppy, was met with initial enthusiasm and support. 
However, the situation rapidly escalated as opportunistic traders began launching a plethora of Neiro-themed tokens on Solana&#8217;s Pump Fun platform.
Within days, hundreds of these tokens emerged, with some quickly gaining traction and achieving substantial market capitalizations. 
The situation was further complicated when it was discovered that two tokens, in particular, were vying for dominance. 
One token rapidly amassed a market cap of $100 million, while another, quietly launched earlier, began to gain ground.
This led to intense trading activity as investors scrambled to position themselves in what appeared to be a burgeoning meme coin ecosystem.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40033967/bitcoin-drops-below-67-000-what-is-going-on-with-bitcoin-ethereum-etfs">Bitcoin Drops Below $67,000: What Is Going On With Bitcoin, Ethereum ETFs?</a>
Why It Matters: The frenzied trading on Solana pushed the network&#8217;s transaction volume to surpass that of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), a remarkable feat for a blockchain often overshadowed by its larger rival.
One lucky deployer of a Neiro token managed to amass a profit of at least $5.4 million by strategically buying and selling the token during its rapid ascent.
Amid the excitement, Kabosu&#8217;s owner has distanced herself from the Neiro token ecosystem, emphasizing that she does not endorse any crypto project except for OwnTheDog, the entity that owns the original Doge photo and IP.
She has warned the public to be wary of potential scams.
&#8220;I see many tokens related to Kabosu and Neiro. To clarify, I do not endorse any crypto project except @ownthedog $dog because they own the original Doge photo and IP,&#8221; she stated in an <a href="https://go.skimresources.com/?id=100652X1574425&amp;isjs=1&amp;jv=15.7.1&amp;sref=https%3A%2F%2Fwww.coindesk.com%2Fbusiness%2F2024%2F07%2F30%2Fdogecoin-pup-owners-new-shiba-inu-ends-up-in-neiro-memecoin-drama%2F%3Futm_medium%3Dreferral%26utm_source%3Drss%26utm_campaign%3Dheadlines&amp;url=https%3A%2F%2Fx.com%2Fkabosumama%2Fstatus%2F1817350738873651557&amp;xs=1&amp;xtz=-120&amp;xuuid=d9340242a2e90520bdd4dd784e4b1e8a&amp;xjsf=other_click__contextmenu%20%5B2%5D">X post</a>. &#8220;They are committed to doing only good every day, charitable works, and Doge culture. Please watch out for token scams.&#8221;
What&#8217;s Next: The upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 will provide a platform to delve deeper into these trends and discuss the future of the industry with leading experts.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40020140/four-arrested-in-kyiv-for-brutal-bitcoin-related-kidnapping-and-murder">Four Arrested In Kyiv For Brutal Bitcoin-Related Kidnapping And Murder</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$ETH

$SHIB

$SOL

Dogecoin Owner's New Shiba Inu Dog 'Neiro' Sparks Multi-Million Meme Coin Madness On Solana, Ethereum

Morgan Stanley analyst Betsy Graseck maintains Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) with a Overweight and raises the price target from $64 to $68.

Morgan Stanley Maintains Overweight on Wells Fargo, Raises Price Target to $68

SpaceX is negotiating with U.S. and Australian officials to land and recover one of its Starship rockets off <a href="https://www.benzinga.com/general/space">the coast of Australia</a>.
This initiative marks a potential expansion for Elon Musk&#8217;s company in the region, aligning with the countries&#8217; strengthened security ties.
Following a successful Starship rocket splashdown in the Indian Ocean in June, SpaceX is eager to extend its testing. These controlled landings and subsequent recoveries are crucial for the rapid development of their reusable rocket aimed at satellite launches and lunar missions, reported Reuters.
Also Read: <a href="https://www.benzinga.com/news/24/07/40004587/boeing-wins-space-mission-contracts-owing-to-its-armies-of-lobbyists-says-spacex-ceo-elon-musk-amid">Boeing Wins Space Mission Contracts Owing To Its &#8216;Armies Of Lobbyists,&#8217; Says SpaceX CEO Elon Musk Amid Starliner Return Delay</a>
SpaceX plans to launch Starship from Texas, land it in the sea near Australia, and recover it on Australian territory. This would necessitate easing U.S. export controls on advanced space technologies. 
There are also ongoing discussions about towing the Starship to ports on Australia&#8217;s western or northern coasts.
The talks reflect U.S. efforts to bolster Australia&#8217;s military capabilities amid regional tensions with China. SpaceX&#8217;s potential operations in Australia could enhance bilateral space defense collaborations and support Australia&#8217;s growing space industry. 
Recent discussions have focused on regulatory challenges for bringing a recovered booster to Australia.
Future plans might include launching from Australian facilities or land-based booster recoveries. Historically, SpaceX tested its Falcon 9 landings at sea before transitioning to land.
The 400-foot-tall Starship is designed to be fully reusable, capable of launching satellites, landing astronauts on the moon, and potentially transporting military cargo globally within 90 minutes. 
The June test flight demonstrated its potential, as the Starship achieved a controlled splashdown after re-entering Earth&#8217;s atmosphere at hypersonic speeds.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40003845/elon-musks-spacex-resumes-big-launches-three-starlink-missions-over-weekend-placing-67-satellites-in">Elon Musk&#8217;s SpaceX Resumes Big, Launches Three Starlink Missions Over Weekend, Placing 67 Satellites In Low Earth Orbit</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

ARKX

Elon Musk's SpaceX Plans Starship Splashdown In Australia

Stephens &amp; Co. analyst Daniel Imbro reiterates TFI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFII#NYSE">TFII</a>) with a Overweight and maintains $176 price target.

TFII

Stephens & Co. Reiterates Overweight on TFI International, Maintains $176 Price Target

Citigroup analyst Tyler Radke maintains Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) with a Neutral and raises the price target from $25 to $28.

PLTR

Citigroup Maintains Neutral on Palantir Technologies, Raises Price Target to $28

Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) cloud computing unit, responsible for the online broadcasting of the 2024 Summer Olympics, announced a price hike on its domain name auction platform.
The company cited rising costs and intense competition for artificial intelligence (AI) services as reasons for the increase.
Starting August 1, bids for domain names on Alibaba Cloud will rise to 199 yuan for &#8220;.com&#8221; addresses and 99 yuan for other top-level domains, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3272318/alibaba-cloud-raises-prices-domain-name-auctions-amid-ai-compute-price-war" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39982380/alibaba-and-tencent-lap-up-metas-ai-large-language-model" rel="noreferrer noopener">Alibaba And Tencent Lap Up Meta&#8217;s AI Large Language Model</a>
Previously, the starting bid for all domain names was 69 yuan, making this a significant increase of at least 43%.
In addition to the price increase, Alibaba Cloud has been adjusting its operations. The company plans to shut down data centers in India and Australia in July and September as part of an &#8220;infrastructure strategy update.&#8221;
Facing fierce competition from other Chinese tech giants, Alibaba Cloud has also been reducing costs.
According to market analytics firm Canalys, Alibaba Cloud held 37% of the market in the first quarter, followed by Huawei Technologies and Tencent Holdings on the mainland regarding customer spending.
Alibaba stock has lost over 23% in the last 12 months as it chases its AI ambitions amid a weak domestic economy further crippled by the US advanced semiconductor technology embargo.
<h2 class="wp-block-heading">Alibaba Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Alibaba&#8217;s revenue has grown at an average rate of 17.45% annually over the past 5 years. The average 1-year price target from analysts is $110.67, representing an expected 40.82% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Alibaba have seen an annualized return of -25.29%, underperforming the S&amp;P500 index by 32.81%. This compares to 1.79% growth in the overall Consumer Discretionary sector. Alibaba has a beta of 2.34.
Price Action: BABA shares traded lower by 0.27% at $78.41 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fooksou Lamimo via Wikimedia Commons

Tech

Media

BABA

Alibaba Cloud Increases Domain Auction Prices As AI Competition Heats Up: Report

Morgan Stanley analyst Betsy Graseck maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Overweight and raises the price target from $46 to $49.

Morgan Stanley Maintains Overweight on Bank of America, Raises Price Target to $49

Prominent macro trader Alex Krüger offered his perspective on the abrupt Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) downturn, suggesting a connection <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40038223/donald-trumps-overtures-mean-the-bitcoin-price-may-be-tied-to-the-outcome-of-2024-election">to political developments</a>.
What Happened: &#8220;If trying to rationalize the move, I&#8217;d say it was a partial reflection of Kamala doing very well in the polls (polls, not betting markets),&#8221; Krüger noted in a Tuesday <a href="https://x.com/krugermacro/status/1818049305120239894">post</a> on X.
Krüger highlighted an emerging pattern in market behavior, dubbing it the &#8220;<a href="https://www.benzinga.com/general/gaming/24/07/40003000/top-trump-trade-isnt-the-dollar-but-gold-as-survey-participants-foresee-severe-disruptions-to-mark">Trump trade</a>&#8221; versus the &#8220;Kamala trade.&#8221; He noted &#8220;The Trump trade is long bitcoin and long small caps. The Kamala trade is the opposite.&#8221;
To illustrate his point, Krüger shared a chart showing Bitcoin and the Russell 2000 (a small-cap stock index) moving in tandem. This correlation suggests that political sentiments are increasingly influencing both crypto and traditional markets.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40036443/real-bitcoin-bull-market-is-yet-to-commence-violent-up-only-price-action-will-mirror-previ">&#8216;Real&#8217; Bitcoin Bull Market Is Yet To Commence: &#8216;Violent Up-Only Price Action&#8217; Will Mirror Previous Cycles, Touts Trader</a>
Why It Matters: Krüger's analysis suggests that the political undercurrents may demand a new playbook for traders in the ever-changing landscape of cryptocurrency and small-cap stocks. 
Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1818247333798121666">noted</a> that long-term Bitcoin holders are buying rapidly by adding more than 110,000 BTC to their portfolios. In another tweet, he highlighted the proportion of short and long accounts in Binance futures.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">62.6% of accounts with open <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> positions in <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> Futures are currently longing <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>! <a href="https://t.co/EjMbeLrrVd">pic.twitter.com/EjMbeLrrVd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1818279881140310242?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto trader Jelle highlighted that after taking out downside liquidity, Bitcoin is moving closer to short liquidations around $72,000. The trader <a href="https://x.com/CryptoJelleNL/status/1818227631063482505">concluded</a>, "Get above those highs, and I doubt bears can hold the price down again."
These interpretations suggest that Bitcoin&#8217;s short-term direction remains a contentious question.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/markets/cryptocurrency/24/07/40038223/donald-trumps-overtures-mean-the-bitcoin-price-may-be-tied-to-the-outcome-of-2024-election">Donald Trump&#8217;s Overtures Mean The Bitcoin Price May Be Tied To The Outcome Of 2024 Election: Jefferies</a></li>
</ul>
Image: Shutterstock

$BTC

'Trump Trade' Is 'Long Bitcoin, Long Small Caps,' Says Trader...But What Is The 'Kamala Trade'?

U.S. stocks were mixed, with the Dow Jones index gaining more than 100 points on Tuesday.
Shares of PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) rose sharply during Tuesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/40034498/fintech-giant-paypals-q2-earnings-revenue-and-eps-beat-payment-volumes-and-transactions-surge-guida">second quarter financial results</a>.
PayPal reported fiscal second-quarter revenue growth of 8% year over year to $7.89 billion, beating the analyst consensus estimate of $7.81 billion. The company reported a quarterly adjusted EPS of $1.19, beating analyst consensus estimates of 98 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
PayPal shares surged 8.5% to $63.98 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) jumped 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) jumped 19.1% to $2.3050.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) jumped 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) jumped 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) shares rose 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) rose 16.1% to $17.00 following upbeat earnings.</li>
<li>Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) climbed 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.</li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) gained 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) rose 13.4% to $156.48 following -quarter earnings.</li>
<li>Varonis Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) jumped 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.</li>
<li>Hayward Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) rose 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) shares climbed 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.</li>
<li>Heidrick &amp; Struggles International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) gained 10.2% to $39.41 following upbeat quarterly results.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) shares rose 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.</li>
<li>CNO Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNO#NYSE">CNO</a>) jumped 9% to $33.78 following upbeat quarterly results.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) surged 8.6% to $3.78.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) gained 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.</li>
<li>Eagle Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) jumped 8.1% to $268.95 after the company reported better-than-expected first-quarter EPS results.</li>
<li>NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) rose 8% to $22.47.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) gained 7.3% to $3.0802. Spirit Airlines announced low-fare travel with new premium offerings starting Aug. 2024.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) jumped 6.4% to $356.62 after the company reported better-than-expected quarterly financial results. Additionally, the company raised its FY24 guidance.</li>
<li>Gartner, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) rose 6.4% to $500.83 following better-than-expected quarterly earnings.</li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) climbed 4.9% to $147.31 after the company reported better-than-expected quarterly financial results.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 4.8% to $69.13.</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) gained 4.3% to $10.88.</li>
</ul>
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Intraday Update

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HSII

JBLU

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ZBRA

PayPal Posts Upbeat Earnings, Joins Sprouts Farmers Market, Stanley Black & Decker, Phillips 66 And Other Big Stocks Moving Higher On Tuesday

Citigroup analyst Tyler Radke maintains Informatica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) with a Neutral and lowers the price target from $35 to $28.

INFA

Citigroup Maintains Neutral on Informatica, Lowers Price Target to $28

International Game Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) shares are trading lower after <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">releasing results for the second quarter.</a>
The company reported quarterly adjusted earnings per share of 36 cents, beating <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40032401/international-game-technology-plc-reports-second-quarter-2024-results" rel="noreferrer noopener">the analyst consensus of 32 cents.</a>
Second-quarter revenues of $1.049 billion missed the street view of $1.059 billion, as strength in Gaming &amp; Digital is offset by elevated prior year <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">product sales in Global Lottery</a>.
International Game Technology said it generated over&nbsp;$460 million&nbsp;in cash from operations and over&nbsp;$260 million&nbsp;in free cash flow in the first half of the year.
Adjusted EBITDA was stable at&nbsp;$446 million, and Adjusted EBITDA margin expanded by 30 basis points.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40037706/whats-going-on-with-plug-power-stock-today" rel="noreferrer noopener">What&#8217;s Going On With Plug Power Stock Today?</a>
&#8220;The recently announced sale of our Gaming &amp; Digital business for&nbsp;$4.05 billion&nbsp;in cash is an important step in unlocking the intrinsic value of IGT&#8217;s best-in-class businesses,&#8221; said&nbsp;Vince Sadusky, CEO.
Global Lottery revenue of&nbsp;$613 million&nbsp;decreased 2% year-over-year, primarily due to a multi-year software license sale in the prior year.
Gaming &amp; Digital revenue of $436 million was up 1% versus the prior year.
Total liquidity of&nbsp;$1.7&nbsp;billion as of June&nbsp;30, 2024;&nbsp;$0.4&nbsp;billion in unrestricted cash and&nbsp;$1.3&nbsp;billion in additional borrowing capacity from undrawn credit facilities.
International Game Technology declared a quarterly cash dividend of $0.20 per common share (payment date of Aug. 27, 2024).
Due to the planned sale of the Gaming &amp; Digital business, the company expects to classify and report Gaming &amp; Digital results as discontinued operations beginning in the third quarter of 2024.
As a result, International Game Technology is withdrawing its<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> previously provided full-year financial outlook.</a>
Price Action: IGT shares are trading lower by 3.16% to $22.71 at last check Tuesday.
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Photo: Unsplash

Earnings

Equities

Guidance

International Game Technology Stock Falls Despite Q2 EPS Beat; Revenue Misses Estimates

Morgan Stanley analyst Betsy Graseck maintains PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Underweight and raises the price target from $165 to $177.

Morgan Stanley Maintains Underweight on PNC Finl Servs Gr, Raises Price Target to $177

Stephens &amp; Co. analyst Terry McEvoy reiterates Associated Banc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) with a Equal-Weight and maintains $24 price target.

Stephens & Co. Reiterates Equal-Weight on Associated Banc, Maintains $24 Price Target

Financial giants have made a conspicuous bearish move on Netflix. Our analysis of options history for Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) revealed 20 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $920,436, and 11 were calls, valued at $542,116.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $730.0 for Netflix, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Netflix stands at 443.07, with a total volume reaching 1,068.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Netflix, situated within the strike price corridor from $500.0 to $730.0, throughout the last 30 days.
<h3>Netflix 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722350752_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$95.75</td>
<td>$92.55</td>
<td>$94.14</td>
<td>$725.00</td>
<td>$188.2K</td>
<td style="text-align: right;">474</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$95.7</td>
<td>$92.65</td>
<td>$94.12</td>
<td>$725.00</td>
<td>$188.2K</td>
<td style="text-align: right;">474</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$95.75</td>
<td>$92.55</td>
<td>$94.11</td>
<td>$725.00</td>
<td>$188.2K</td>
<td style="text-align: right;">474</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$99.8</td>
<td>$97.7</td>
<td>$98.75</td>
<td>$730.00</td>
<td>$167.8K</td>
<td style="text-align: right;">51</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$49.1</td>
<td>$48.4</td>
<td>$48.75</td>
<td>$650.00</td>
<td>$121.8K</td>
<td style="text-align: right;">768</td>
<td style="text-align: right;">28</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 275 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Following our analysis of the options activities associated with Netflix, we pivot to a closer look at the company's own performance.
<h3>Current Position of Netflix</h3>
<ul>
<li>Currently trading with a volume of 440,895, the NFLX's price is up by 0.48%, now at $629.96. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 78 days.</li>
</ul>
<h3>Professional Analyst Ratings for Netflix</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $676.0.
<ul>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Netflix with a target price of $650. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $740. </li>
<li>Reflecting concerns, an analyst from Macquarie lowers its rating to Outperform with a new price target of $685.</li>
<li>An analyst from Redburn Atlantic persists with their Buy rating on Netflix, maintaining a target price of $760. </li>
<li>An analyst from Benchmark has decided to maintain their Sell rating on Netflix, which currently sits at a price target of $545. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Netflix options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

NFLX

Netflix's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</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 DIS, 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 12 uncommon options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 58%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $280,244, and 6 are calls, for a total amount of $476,269.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $145.0 for Walt Disney over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Walt Disney'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 Walt Disney's whale trades within a strike price range from $80.0 to $145.0 in the last 30 days. 
<h3>Walt Disney Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722350747_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$11.95</td>
<td>$11.85</td>
<td>$11.85</td>
<td>$85.00</td>
<td>$287.9K</td>
<td>74</td>
<td style="text-align: right;">244</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$9.05</td>
<td>$8.9</td>
<td>$8.94</td>
<td>$100.00</td>
<td>$51.8K</td>
<td>3.1K</td>
<td style="text-align: right;">171</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.9</td>
<td>$8.85</td>
<td>$8.85</td>
<td>$100.00</td>
<td>$50.4K</td>
<td>3.1K</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$8.95</td>
<td>$8.75</td>
<td>$8.87</td>
<td>$100.00</td>
<td>$49.6K</td>
<td>3.1K</td>
<td style="text-align: right;">113</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$8.5</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$80.00</td>
<td>$48.1K</td>
<td>460</td>
<td style="text-align: right;">66</td>
</tr>
</tbody>
</table>

<h3>About Walt Disney</h3>
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
<h3>Present Market Standing of Walt Disney</h3>
<ul>
<li>Trading volume stands at 2,255,818, with DIS's price up by 0.85%, positioned at $92.92.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 8 days.</li>
</ul>
<h3>Professional Analyst Ratings for Walt Disney</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $133.33333333333334.
<ul>
<li>Consistent in their evaluation, an analyst from MoffettNathanson keeps a Buy rating on Walt Disney with a target price of $125. </li>
<li>An analyst from Needham downgraded its action to Buy with a price target of $145. </li>
<li>Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Walt Disney with a target price of $130. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walt Disney with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Walt Disney's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on Microchip Technology.
Looking at options history for Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $308,300 and 2, calls, for a total amount of $65,880.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $92.5 for Microchip Technology, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Microchip Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Microchip Technology's significant trades, within a strike price range of $80.0 to $92.5, over the past month.
<h3>Microchip Technology 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722350741_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$0.95</td>
<td>$0.8</td>
<td>$0.86</td>
<td>$80.00</td>
<td>$146.2K</td>
<td>3.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.7</td>
<td>$3.4</td>
<td>$3.6</td>
<td>$92.50</td>
<td>$38.8K</td>
<td>517</td>
<td>708</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.0</td>
<td>$5.9</td>
<td>$6.0</td>
<td>$87.50</td>
<td>$36.0K</td>
<td>890</td>
<td>220</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.1</td>
<td>$6.0</td>
<td>$6.1</td>
<td>$87.50</td>
<td>$35.3K</td>
<td>890</td>
<td>392</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$85.00</td>
<td>$33.6K</td>
<td>2.6K</td>
<td>489</td>
</tr>
</tbody>
</table>

<h3>About Microchip Technology</h3>
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Having examined the options trading patterns of Microchip Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Microchip Technology Standing Right Now?</h3>
<ul>
<li>With a trading volume of 611,458, the price of MCHP is down by -0.13%, reaching $87.85.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 2 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Microchip Technology</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $107.5.
<ul>
<li>An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $100. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Microchip Technology, which currently sits at a price target of $115. </li>
</ul>
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 Microchip Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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Microchip Technology Options Trading: A Deep Dive into Market Sentiment

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