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Why ASP Isotopes Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Wall Street, US stocks

Eurozone

Commodities

Dow Jumps 100 Points; Producer Inflation Surpasses Expectations For June

Toyo Co Ltd

TOYOTA MOTOR CORP ORD by Toyota Motor Corp.

Toyota Motor Corp

TOYO CONSTRUCTION CO LTD by TOYO CONSTRUCTION CO LTD

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Toyo Gosei Co Ltd

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TOYODA BOSHOKU CORP ORD by Toyota Boshoku Corp.

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&nbsp; &nbsp; &nbsp; &nbsp; Effective July 16, 2024, Kronos Worldwide, Inc. ("Kronos") has acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. ("LPC") previously held by Venator Investments, Ltd. Prior to the acquisition, Kronos, through a wholly-owned subsidiary, held a 50% joint venture interest in LPC. Following the acquisition, LPC is an indirect, wholly-owned subsidiary of Kronos. Kronos acquired the 50% joint venture interest that it did not already own for an upfront cash payment of $185 million (subject to working capital adjustments) and a potential earn-out payment of up to $15 million based on Kronos' aggregate consolidated net income before interest expense, income taxes and depreciation and amortization expense, or EBITDA, during a two-year period comprising calendar years 2025 and 2026.
In connection with its acquisition of the 50% joint venture interest and to support Kronos' general liquidity needs, Kronos has also completed an amendment to its $225 million global revolving credit facility with Wells Fargo. Among other things, the amendment increases the maximum borrowing amount from $225 million to $300 million, extends the maturity date to 2029 and expands the facility to include LPC and LPC's receivables and certain of its inventories in the borrowing base.&nbsp;&nbsp;
Kronos' board of directors has declared a quarterly dividend of five cents ($0.05) per share on its common stock, a decrease of fourteen cents ($0.14) per share as compared to the second quarter of 2024, payable on September 19, 2024, to stockholders of record at the close of business on September 6, 2024.&nbsp;&nbsp; Commenting on the dividend Mr. Buch said, "The reduced dividend rate will allow Kronos to focus on maintaining a strong balance sheet while continuing to evaluate strategic investment opportunities. In addition to strengthening liquidity and providing the flexibility to absorb increased debt service costs, working capital needs and capital improvements from the acquisition of the 50% interest in the LPC joint venture, the new dividend rate will give Kronos an opportunity to focus on reducing leverage. Going forward we will continue to evaluate the appropriateness of the dividend based on progress towards these priorities, results of operations and other relevant factors."

Dividends

Financing

Kronos Worldwide Acquires 50% Joint Venture Interest In Louisiana Pigment Company For An Upfront Cash Payment Of $185M; Amends $225M Revolving Credit Facility; Decreases Quarterly Dividend From $0.19 To $0.05 Per Share

<h3 class="wp-block-heading">Top Seller Of Legal Cannabis In US Reports Flat Weed Sales In June</h3>
Much like in May, Michigan marijuana sales <a href="https://www.benzinga.com/markets/cannabis/24/06/39207863/michigan-beats-california-in-legal-cannabis-sales-why-is-golden-states-weed-industry-losing-its-">remained relatively flat in June,</a> with a total of $278.8 million in cannabis products sold last month. In May, that figure was <a href="https://www.benzinga.com/markets/cannabis/24/06/39334493/michigan-remains-top-seller-of-cannabis-in-us-despite-slower-sales-in-may">slightly higher</a> at $279.6 million, while $278.5 million worth of marijuana goods was sold to Michiganders in April by the state's legal dispensaries.
As New Cannabis Ventures <a href="https://www.newcannabisventures.com/michigan-cannabis-sales-slow/">reported</a>, citing data from the Michigan Cannabis Regulatory Agency, June sales increased by 6.9% year-over-year. That's "the slowest annual growth in over two years," NCV's Alan Brochstein said.
As opposed to medical sales that dropped 78.4% year-over-year and 10.7% sequentially to $1.4 million in June, adult-use cannabis sales increased 9.1%, and 0.2%, respectively to $277.4 million.
Flower remained the most sought product category in the state which is touted by cannabis analytics firm BDSA as the top seller of legal cannabis nationwide, <a href="https://www.benzinga.com/markets/cannabis/24/06/39207863/michigan-beats-california-in-legal-cannabis-sales-why-is-golden-states-weed-industry-losing-its-">surpassing California in unit sales.</a> Interestingly, June's average product of $1384 per pound of flower has dramatically declined from over $8,000 per pound for recreational flower in January 2020, according to NCV's report.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38363654/watch-next-new-documentary-takes-a-deep-dive-into-michigans-cannabis-sector">Watch Next: New Documentary Takes Deep Dive Into Michigan&#8217;s Cannabis Sector</a>
<h3 class="wp-block-heading">Colorado's Cannabis Downturn Continues</h3>
In Colorado, May sales have followed suit dropping to $113 million from $120 million in April – the <a href="https://www.benzinga.com/markets/cannabis/24/06/39317453/colorados-cannabis-sales-figures-paint-dismal-picture-of-a-pioneering-industry-heres-what-went-w">worst April sales performance since 2016</a>, data by the state Department of Revenue suggested.
As <a href="https://www.greenmarketreport.com/colorado-cannabis-sales-continue-on-downward-spiral-in-may/">highlighted</a> by Green Market Report's John Schroyer, May figures alongside last November's are the lowest the state has seen since February 2018.
The May sum includes $98.4 million in recreational sales and $14.7 million in medical marijuana sales, according to the state report. Additionally, June's state cannabis tax collections of $18.3 million, representing a drop from $22 million collected in May, don't promise much for the retailers statewide.
Interestingly, what was once a front-runner in the U.S. for recreational marijuana sales, the pioneering industry and market have been experiencing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37081838/fast-track-recap-colorado-michigan-weed-sales-decline-virginia-eyes-legal-market-st">downturn for some time now.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39317453/colorados-cannabis-sales-figures-paint-dismal-picture-of-a-pioneering-industry-heres-what-went-w">Colorado&#8217;s Cannabis Sales Figures Paint Dismal Picture Of A Pioneering Industry Here&#8217;s What Went Wrong</a></li>
</ul>

Cannabis

Retail Sales

Michigan, Top Seller Of Legal Cannabis In US Reports Flat Sales In June, Colorado's Marijuana Downturn Continues

Wedbush analyst Scott Devitt initiates coverage on Rumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) with a Neutral rating and announces Price Target of $8.

Price Target

Initiation

Analyst Ratings

Wedbush Initiates Coverage On Rumble with Neutral Rating, Announces Price Target of $8

Macro Economic Events

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Global

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General

Ex-National Security Advisor O'Brien Says China Decoupled W/ U.S., Wants To Control Tech Of Future; Free World Is Waking Up To Threat Of China; Taiwan Is A Very Important Partner To U.S.; Wouldn't Be Surprised If Haley Came Back To Trump Admin; Ukraine Aid Has Been Too Little Too Late; U.S. Needs To Put Maximum Pressure On Russia

Kronos Worldwide Shares Halted, News Pending

Keybanc analyst Bradley Thomas maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $75 to $82.

Keybanc Maintains Overweight on Walmart, Raises Price Target to $82

Keybanc analyst Michael Turits maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and lowers the price target from $384 to $380.

PANW

Keybanc Maintains Overweight on Palo Alto Networks, Lowers Price Target to $380

Bank of America Securities analyst Justin Post maintained Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raised the <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $200 to $206</a>.
Alphabet is the first in the online media group to report on July 23, and Post expects results to set a positive backdrop for the group.
The analyst slightly raised his Search estimates to 12% year-on-year (versus 11% prior) and now expects second-quarter revenue and EPS of $70.9 billion and $1.91 vs Street at $70.6 billion and $1.84.
Also Read: <a href="https://www.benzinga.com/news/24/07/39795029/googles-potential-23b-wiz-acquisition-set-to-enhance-cloud-security" target="_blank" rel="noreferrer noopener">Google&#8217;s Potential $23B Wiz Acquisition Set To Enhance Cloud Security</a>
Post noted upside to Street estimates as his checks suggest AI integrations driving higher usage and ad Click-Through Rates (CTRs), Search revenue stability aided by improving macro and AI-driven ad spend, and YouTube strength from ramping Shorts monetization and less-than-expected headwinds from Prime Video.
Post expects flat Y/Y headcount growth (up 1,500 Q/Q) with ongoing restructuring aiding costs.
The analyst expects $22.7 billion in operating expenditures and core margins to increase 183bps Y/Y to 37.2%. Post also expects higher other income to help drive EPS upside (NASDAQ up 8% in the second quarter).
According to Post, second-quarter positives include Search upside, positive commentary on AI overviews driving higher usage &amp; CTRs, Shorts driving higher traffic &amp; revenue upside, and Cloud strength as IT dollars shift toward AI.
Post remains optimistic about growing AI integrations across Google&#8217;s ecosystem and noted that a broader rollout of AI overviews will help drive higher activity in the core Search business.
AI use poses a long-term competitive risk, but in the near term, he noted revenue upside from AI-driven monetization improvements will be a critical second-quarter takeaway.
Moreover, focusing on expense management, Post noted that Y/Y margin growth in 2024 will be a bright spot and potential EPS upside driver.
Given the market multiple expansion (lower rates), the analyst raised his price target.
Price Action: GOOGL shares are trading lower by 2.02% at $180.25 at last check Wednesday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/real-estate/reit/24/07/39816656/fed-rate-cut-expectations-drop-mortgage-rates-to-4-month-lows-surge-in-new-applications-refinanc">Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand</a></li>
</ul>

Reiteration

Tech

GOOGL

Google Parent Alphabet's Q2 Expected To Shine With AI, YouTube Shorts, Cloud Strength: Analyst

Whales with a lot of money to spend have taken a noticeably bearish stance on Eaton Corp.
Looking at options history for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</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 62% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $316,400 and 5, calls, for a total amount of $178,372.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $340.0 for Eaton Corp over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Eaton Corp'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 Eaton Corp's whale activity within a strike price range from $165.0 to $340.0 in the last 30 days. 
<h3>Eaton Corp Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721232949_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>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.1</td>
<td>$8.3</td>
<td>$9.1</td>
<td>$310.00</td>
<td>$182.0K</td>
<td>625</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$16.5</td>
<td>$16.1</td>
<td>$16.4</td>
<td>$320.00</td>
<td>$98.3K</td>
<td>497</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$89.5</td>
<td>$86.6</td>
<td>$86.6</td>
<td>$240.00</td>
<td>$43.3K</td>
<td>116</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.0</td>
<td>$10.7</td>
<td>$11.0</td>
<td>$330.00</td>
<td>$39.6K</td>
<td>1.8K</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$3.8</td>
<td>$3.5</td>
<td>$3.8</td>
<td>$320.00</td>
<td>$38.0K</td>
<td>3.1K</td>
<td style="text-align: right;">182</td>
</tr>
</tbody>
</table>

<h3>About Eaton Corp</h3>
Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the US.
After a thorough review of the options trading surrounding Eaton Corp, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Eaton Corp Standing Right Now?</h3>
<ul>
<li>With a volume of 1,286,164, the price of ETN is down -4.14% at $318.71. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
<h3>Professional Analyst Ratings for Eaton Corp</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $359.3333333333333.
<ul>
<li>An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $375. </li>
<li>An analyst from Jefferies persists with their Buy rating on Eaton Corp, maintaining a target price of $385. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Eaton Corp, targeting a price of $318. </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 Eaton Corp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

A Closer Look at Eaton Corp's Options Market Dynamics

Financial giants have made a conspicuous bullish move on Celsius Holdings. Our analysis of options history for Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $394,084, and 3 were calls, valued at $80,812.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $38.33 to $60.0 for Celsius Holdings during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Celsius Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Celsius Holdings's significant trades, within a strike price range of $38.33 to $60.0, over the past month.
<h3>Celsius Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721232944_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CELH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$8.7</td>
<td>$8.05</td>
<td>$8.38</td>
<td>$60.00</td>
<td>$83.8K</td>
<td>3.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CELH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$8.6</td>
<td>$8.0</td>
<td>$8.23</td>
<td>$60.00</td>
<td>$81.7K</td>
<td>3.0K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>CELH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.65</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$38.33</td>
<td>$74.0K</td>
<td>222</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CELH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.25</td>
<td>$8.15</td>
<td>$8.25</td>
<td>$40.00</td>
<td>$55.2K</td>
<td>1.1K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CELH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.2</td>
<td>$9.9</td>
<td>$10.0</td>
<td>$43.33</td>
<td>$44.0K</td>
<td>31</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Celsius Holdings</h3>
Celsius Holdings plays in the energy drink subsegment of the global nonalcoholic beverage market, with 96% of revenue concentrated in North America. Celsius' products contain natural ingredients and a metabolism-enhancing formulation, appealing to fitness and active lifestyle enthusiasts. The firm's portfolio includes its namesake Celsius Originals beverages (including those that are naturally caffeinated with stevia), Celsius Essentials line (containing aminos), and Celsius On-the-Go powder packets. Celsius dedicates its efforts to branding and innovation, while it utilizes third parties for the manufacturing, packaging, and distribution of its products. In 2022, Celsius forged a 20-year distribution agreement with PepsiCo, which holds an 8.5% stake in the business.
After a thorough review of the options trading surrounding Celsius Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Celsius Holdings Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,602,260, the price of CELH is down by -4.31%, reaching $50.52.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 20 days from now.</li>
</ul>
<h3>What The Experts Say On Celsius Holdings</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $65.2.
<ul>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Celsius Holdings, targeting a price of $65. </li>
<li>An analyst from Stifel has decided to maintain their Buy rating on Celsius Holdings, which currently sits at a price target of $65. </li>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Celsius Holdings, maintaining a target price of $68. </li>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Celsius Holdings, which currently sits at a price target of $68. </li>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Celsius Holdings, targeting a price of $60. </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 Celsius Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

CELH

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

Deep-pocketed investors have adopted a bullish approach towards Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Oracle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 6 are puts, totaling $294,190, and 7 are calls, amounting to $603,572.
<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 $125.0 and $165.0 for Oracle, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Oracle stands at 2086.23, with a total volume reaching 624.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Oracle, situated within the strike price corridor from $125.0 to $165.0, throughout the last 30 days.
<h3>Oracle Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721232938_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>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$30.95</td>
<td>$30.3</td>
<td>$30.95</td>
<td>$125.00</td>
<td>$216.6K</td>
<td>2.4K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$18.65</td>
<td>$18.25</td>
<td>$18.35</td>
<td>$130.00</td>
<td>$165.1K</td>
<td>2.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$28.0</td>
<td>$27.1</td>
<td>$28.0</td>
<td>$165.00</td>
<td>$140.0K</td>
<td>350</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$0.37</td>
<td>$0.36</td>
<td>$0.36</td>
<td>$155.00</td>
<td>$72.7K</td>
<td>3.6K</td>
<td style="text-align: right;">255</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.05</td>
<td>$6.0</td>
<td>$6.03</td>
<td>$155.00</td>
<td>$60.3K</td>
<td>5.9K</td>
<td style="text-align: right;">14</td>
</tr>
</tbody>
</table>

<h3>About Oracle</h3>
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
<h3>Current Position of Oracle</h3>
<ul>
<li>With a trading volume of 2,560,240, the price of ORCL is down by -2.11%, reaching $139.59.</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 54 days from now.</li>
</ul>
<h3>What The Experts Say On Oracle</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $152.25.
<ul>
<li>In a cautious move, an analyst from Guggenheim downgraded its rating to Buy, setting a price target of $175. </li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Oracle with a target price of $150. </li>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Oracle, maintaining a target price of $125. </li>
<li>An analyst from Argus Research has decided to maintain their Buy rating on Oracle, which currently sits at a price target of $159. </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 Oracle, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

ORCL

What the Options Market Tells Us About Oracle

Raymond James analyst Frederic Bastien maintains Badger Infrastructure (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BDGI#TSX">BDGI</a>) with a Outperform and lowers the price target from C$57 to C$54.

TSX:BDGI

Raymond James Maintains Outperform on Badger Infrastructure, Lowers Price Target to C$54

Federal Safety Regulator Says Vineyard Wind Ordered To Cease Power Production And Construction

Mercedes-Benz Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) High-Power Charging unit and Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) have announced a strategic <a target="_blank" href="https://media.mercedes-benz.com/article/606644fb-7c12-4752-8355-21d59cd14581" rel="noreferrer noopener">collaboration </a>to electrify over 100 Starbucks stores nationwide.
The initiative aims to co-locate 400 kW electric vehicle (EV) chargers at Starbucks locations along Interstate 5 (I-5), a major travel corridor from Canada to Mexico.
The partnership seeks to expand EV charging infrastructure in urban areas, charging deserts, and other key travel routes. The collaboration is also expected to enhance the EV charging experience for drivers.
Andrew Cornelia, President and CEO of Mercedes-Benz High-Power Charging, stated, &#8220;Together, we seek to infuse delight into this facet of EV ownership through intentional experiences that make drivers genuinely excited to plug in.&#8221;
Mercedes-Benz High-Power Charging supports the automaker&#8217;s goal to achieve carbon neutrality by 2039 through a public charging network powered by 100% clean energy.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/07/39586079/starbucks-sues-ny-weed-retailer-for-trademark-infringement-over-starbuds-logo" rel="noreferrer noopener">Starbucks Sues NY Weed Retailer For Trademark Infringement Over &#8216;Starbuds&#8217; Logo</a>
Similarly, Starbucks aims to reduce its carbon emissions by 50% by 2030, with over 1,000 stores already offering EV charging access.
Michael Kobori, Starbucks Chief Sustainability Officer, said, &#8220;Partnering with Mercedes is the next step in expanding our EV charging offerings so our customers can refuel sustainably while they enjoy Starbucks.&#8221;
Mercedes-Benz High-Power Charging launched its first site in November 2023 as part of a $1 billion investment to create a premier charging network.
Since then, the network has rapidly expanded to include locations in Texas, Alabama, Georgia, Florida, South Carolina, Tennessee, and Kentucky.
The network is projected to reach nearly half of U.S. states within the next 12-18 months, aiming to improve the quality of the charging experience and consumer services.
Price Action: SBUX shares are trading higher by 0.31% at $75.75 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/06/39496379/doordash-reportedly-explored-takeover-of-amazon-backed-deliveroo-but-talks-stalled-over-valuatio" target="_blank" rel="noreferrer noopener">DoorDash Reportedly Explored Takeover Of Amazon-Backed Deliveroo, But Talks Stalled Over Valuation</a></li>
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Equities

Travel

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

SBUX

Starbucks and Mercedes-Benz Rev Up EV Charging Along I-5: A Green Drive from Canada to Mexico

America's largest cannabis companies are reconsidering their stance on hemp-derived products. Historically, they pushed for them to remain illegal. However, some companies, such as Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>), have recently changed strategy.
<h3 class="wp-block-heading">Curaleaf&#8217;s New Direction</h3>
A key player in the industry, Curaleaf has made a surprising shift from its previous stance, which was clear. As <a href="https://www.forbes.com/sites/willyakowicz/2021/07/01/the-fight-over-delta-8-thc-products-is-a-battle-for-the-future-of-the-cannabis-industry/">stated</a> in Forbes, a former CEO remarked, "I think it should be framed as one of the most high-profile health risks available in the marketplace today." The concern was that unregulated hemp derived-THC products posed health risks and were too easily available to minors.
<h3 class="wp-block-heading">Hemp Company's Market Entry</h3>
Curaleaf's <a href="https://www.benzinga.com/markets/cannabis/24/06/39464801/curaleafs-new-online-cannabis-storefront-to-debut-hemp-derived-thc-products-just-in-time-for-jul">new platform</a>, The Hemp Company, joins a market dominated by companies like <a href="https://www.benzinga.com/markets/cannabis/23/11/35730223/transform-your-sleep-with-these-6-popular-hemp-products">3Chi</a>, <a href="https://www.benzinga.com/markets/cannabis/24/05/35598477/mitch-mcconnells-cannabis-gambit-how-the-farm-bill-unwittingly-fueled-a-thc-boom">Bearly Legal Hemp Co</a>., Diamond CBD, Skyhio, <a href="https://www.benzinga.com/markets/cannabis/22/12/29940134/can-you-get-high-from-smoking-hemp-now-you-can-with-boston-hemps-thca-bud">Boston Hempire</a>, Area 5 and <a href="https://www.benzinga.com/markets/cannabis/22/06/27588006/hometown-hero-cbd-introduces-hemp-derived-delta-9-thc-salt-water-taffy">Hometown Hero</a>. The platform features gummies and drinks with this labeling: "This product contains Delta-9 THC derived from hemp. This product is 2018 Federal Farm Bill compliant and contains a total Delta-9-tetrahydrocannabinol concentration that does not exceed 0.3% by dry weight. THC is intoxicating and affects everyone differently. Use responsibly."
In this manner, Curaleaf is shifting strategies in a move that leverages today&#8217;s cannabis industry landscape. The company is selling in the legal cannabis market as well as on the &#8220;grey&#8221; hemp but nevertheless legal market.
This move also highlights a broader divide in the cannabis industry. On one side, companies like Curaleaf see the economic potential of hemp-derived products. They are leveraging the legal framework of the<a href="https://www.benzinga.com/markets/cannabis/24/07/39783607/how-hemp-became-americas-loophole-for-legal-highs"> 2018 Farm Bill</a>. On the other hand, groups like the U.S. Cannabis Council are pushing for banning these products, arguing that the lack of oversight leads to consumer safety issues and easy access for minors.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39783607/how-hemp-became-americas-loophole-for-legal-highs">How Hemp Became America&#8217;s Loophole For Legal Highs</a>
<h3 class="wp-block-heading">Hemp-Derived THC By State</h3>
Recent legislative actions reflect this divide. The U.S. House Committee on Agriculture passed an amendment to close the loophole in the 2018 Farm Bill. The amendment would eliminate most hemp-derived products. The hemp industry opposes this move, arguing it would devastate small businesses and hemp farmers. State-level actions have <a href="https://www.benzinga.com/markets/cannabis/24/07/39690898/no-more-getting-high-on-hemp-in-america-multiple-states-begin-intoxicating-hemp-crackdown">varied</a>. New York has banned Delta-8 THC products, citing health concerns. Colorado and Oregon have strict regulations aligning with their marijuana markets. Texas , a giant hemp derivatives market recently <a href="https://www.benzinga.com/markets/cannabis/24/04/38226058/is-gas-station-weed-on-its-way-out-u-s-cannabis-council-proposes-regulation-of-delta-8-texas-wan">stopped</a> a bill banning Delta-8 THC, which will likely be revisited in the future.
Taking a different approach, <a href="https://www.benzinga.com/markets/cannabis/24/07/39637557/delta-8-thc-hemp-regulation-moves-forward-in-nj-sparks-debate-between-alcohol-and-cannabis-indus">New Jersey</a> recently legalized hemp derivatives for use in beverages. This move signals a progressive step in integrating hemp products into mainstream consumer markets, which could also play a part in the strategy shift undertaken by Curaleaf.
This battle over hemp derivatives will no doubt continue, reflecting the dynamic and contentious landscape of the cannabis industry.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/07/39692990/hold-my-beer-breweries-offer-thc-on-tap-in-minnesota-what-investors-need-to-know">Hold My Beer: Breweries Offer THC On Tap In Minnesota, What Investors Need To Know</a> </li>
</ul>

Regulations

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

Strategy Shift In The Works? Are Cannabis Giants Getting Into The Hemp Derived-THC Market?

Keybanc analyst Bradley Thomas maintains Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) with a Overweight and lowers the price target from $165 to $115.

FIVE

Keybanc Maintains Overweight on Five Below, Lowers Price Target to $115

SWONF

Apax, Bain And CVC Exploring Potential Bids For SoftwareOne, Sources Say

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $5 to $5.75.

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $5.75

Contracts

Management

Teamsters At Ryder In Salt Lake City Reject Company's Final Offer, Authorize Strike; Ryder Truck Rental Mechanics And Service Attendants Rejected Co's Final Offer & Terminated Contract Extension

Raymond James analyst Brad Sturges maintains CANADIAN APARTMENT PROPERTIES REAL (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CAR#TSX">CAR</a>) with a Outperform and raises the price target from C$56.5 to C$58.

TSX:CAR

Raymond James Maintains Outperform on CANADIAN APARTMENT PROPERTIES REAL, Raises Price Target to C$58

TOYO Co Ltd (TOYO) just unveiled an announcement. BWAQ and PubCo have successfully completed a significant business combination, resulting in the t...

TOYO Co Ltd: Significant Corporate Restructuring and Nasdaq Delisting

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth keeping an eye on and we have a breakdown of all the biggest ones to watch on Friday!



Moving stocks are mergers, clinical trial data, public offerings and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Crown LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) stock is rocketing almost 154% after <a href="https://finance.yahoo.com/news/crown-lng-holding-announces-completion-201700767.html">recently completing a business combination</a>.</li>



<li>Toyo (NASDAQ:<a href="https://investorplace.com/stock-quotes/toyo-stock-quote/">TOYO</a>) shares are soaring close to 111% alongside heavy pre-market trading.</li>



<li>Sentage (NASDAQ:<a href="https://investorplace.com/stock-quotes/sntg-stock-quote/">SNTG</a>) stock is surging over 60% with strong early morning trading.</li>



<li>Above Food Ingredients (NASDAQ:<a href="https://investorplace.com/stock-quotes/abve-stock-quote/">ABVE</a>) shares are increasing more than 42% without any clear news this morning.</li>



<li>Monterey Capital Acquisition (NASDAQ:<a href="https://investorplace.com/stock-quotes/mcac-stock-quote/">MCAC</a>) stock is gaining over 23% on Friday morning.</li>



<li>Maxeon Solar Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/maxn-stock-quote/">MAXN</a>) shares are rising more than 19% with heavy early morning trading.</li>



<li>Qualigen Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/qlgn-stock-quote/">QLGN</a>) stock is heading nearly 16% higher with strong pre-market trading.</li>



<li>Immutep (NASDAQ:<a href="https://investorplace.com/stock-quotes/immp-stock-quote/">IMMP</a>) shares are climbing over 15% with <a href="https://www.nasdaq.com/market-activity/stocks/immp/press-releases">positive clinical results</a>.</li>



<li>Big Tree Cloud (NASDAQ:<a href="https://investorplace.com/stock-quotes/dsy-stock-quote/">DSY</a>) stock is jumping more than 14% on Friday.</li>



<li>Instil Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/til-stock-quote/">TIL</a>) shares are up over 14% today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Shineco (NASDAQ:<a href="https://investorplace.com/stock-quotes/sisi-stock-quote/">SISI</a>) stock is crashing more than 44% on a <a href="https://www.nasdaq.com/press-release/shineco-announces-proposed-underwritten-public-offering-2024-07-11">proposed public offering</a>.</li>



<li>ASP Isotopes (NASDAQ:<a href="https://investorplace.com/stock-quotes/aspi-stock-quote/">ASPI</a>) shares are diving over 19% as it also announces a <a href="https://www.globenewswire.com/news-release/2024/07/11/2912107/0/en/ASP-Isotopes-Announces-Proposed-Public-Offering-of-Common-Stock.html">proposed public offering</a>.</li>



<li>Cyngn (NASDAQ:<a href="https://investorplace.com/stock-quotes/cyn-stock-quote/">CYN</a>) stock is tumbling 18% following a <a href="https://www.nasdaq.com/press-release/more-1bn-annual-sales-alta-equipment-group-joins-cyngns-dealer-network-2024-07-11">massive rally yesterday</a>.</li>



<li>Kazia Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kzia-stock-quote/">KZIA</a>) shares are retreating more than 16% <a href="https://investorplace.com/2024/07/kzia-stock-alert-kazia-continues-its-surge-on-thursday-with-51-gains/">after rallying this week</a>.</li>



<li>Nano Nuclear Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/nne-stock-quote/">NNE</a>) stock is taking an over 12% beating after <a href="https://www.nasdaq.com/press-release/nano-nuclear-energy-announces-pricing-upsized-18-million-underwritten-offering-2024">pricing an upsized underwritten offering</a>.</li>



<li>Biodexa Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/bdrx-stock-quote/">BDRX</a>) shares are falling more than 10% after jumping yesterday on <a href="https://seekingalpha.com/news/4123698-biodexa-stock-rallies-amid-release-of-phase-2-data-for-erapa">clinical trial data</a>.</li>



<li>Digital Brands Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/dbgi-stock-quote/">DBGI</a>) stock is dropping over 10% this morning.</li>



<li>Sonoma Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/snoa-stock-quote/">SNOA</a>) shares are decreasing more than 10% following a Thursday rally.</li>



<li>Forward Industries (NASDAQ:<a href="https://investorplace.com/stock-quotes/ford-stock-quote/">FORD</a>) stock is dipping 10% without any news to report.</li>



<li>Nuwellis (NASDAQ:<a href="https://investorplace.com/stock-quotes/nuwe-stock-quote/">NUWE</a>) shares close out our pre-market stock movers down over 9% this morning.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
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Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Shineco&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sisi-stock-quote/">SISI</a>) stock is falling hard on Friday after the agricultural produce company announced the <a href="https://finance.yahoo.com/news/shineco-announces-pricing-2-million-120000343.html">pricing of a public offering</a> for its shares.



This public offering has Shineco selling 1,869,160 shares of SISI stock for $1.07 each. The offering also includes a 45-day option for underwriters to acquire another 280,374 shares at the public offering price.



Shineco is expecting $2 million in gross proceeds from this public offering. The sole book-running manager for the offering is EF Hutton LLC.



<h2>How This Affects SISI Stock</h2>



A public offering increases the total number of outstanding shares on the market. Doing so also dilutes the stakes of current investors in the company. This is one of the reasons why shares of SISI stock are falling today.



On top of that, traders likely aren&rsquo;t happy about the $1.07 price for shares in the offering. That&rsquo;s below the prior closing price of $2.12 per share for SISI stock. It makes sense the stock would fall alongside this discounted public offering price.



SISI stock is down 53.8% as of Friday morning. However, the shares were up 76.7% year-to-date when markets closed on Thursday.



Investors who are seeking out even more of the most recent stock market stories will want to stick around!



We have all of the hottest stock market news that traders need to know about on Friday! A few examples include what&rsquo;s going on with shares of Toyo&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/toyo-stock-quote/">TOYO</a>) and Crown LNG&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cgbs-stock-quote/">CGBS</a>)&nbsp;stock, as well as the biggest pre-market movers this morning. All of this info is ready at the following links!



<h2>More Friday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/07/why-is-toyo-toyo-stock-up-119-today/">Why Is Toyo (TOYO) Stock Up 119% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/why-is-crown-lng-cgbs-stock-up-65-today/">Why Is Crown LNG (CGBS) Stock Up 65% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-july-12th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/why-is-shineco-sisi-stock-down-54-today/">Why Is Shineco (SISI) Stock Down 54% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Shineco (SISI) Stock Down 54% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Toyo&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/toyo-stock-quote/">TOYO</a>) stock is taking off on Friday alongside heavy pre-market trading of the solar solution company&rsquo;s shares.



That has more than 13.6 million shares of TOYO stock changing hands as of this writing. This is well above its daily average trading volume of about 102,000 shares.



One thing investors will keep in mind is that TOYO is still fairly new to the public market. The company&rsquo;s shares <a href="https://finance.yahoo.com/news/toyo-co-ltd-announces-consummation-120000747.html">made their public debut</a> earlier this month. That came about after it completed a special purpose acquisition company (SPAC) merger with Blue World Acquisition.



<h2>What That Means for TOYO Stock</h2>



It&rsquo;s not uncommon to see shares that go public via SPAC mergers be volatile. This comes as speculative traders take interest in the company after it goes public. While TOYO did so on July 2, this could see be part of the reason its rallying today.



TOYO being a penny stock could also be playing a part in this. The company&rsquo;s prior closing price was $1.55 per share with a market capitalization of $68.725 million. <a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> are often more volatile due to the easy entry point.



TOYO stock is up 118.7% as of Friday morning.



Investors will want to keep reading for more of the most recent stock market stories today!



We have all of the hottest market news worth knowing about on Friday! Among that is what has shares of Crown LNG&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cgbs-stock-quote/">CGBS</a>) stock up, the biggest pre-market stock movers this morning and more. All of this news is ready to go at the links below!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/07/why-is-crown-lng-cgbs-stock-up-65-today/">Why Is Crown LNG (CGBS) Stock Up 65% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-july-12th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>



<li><a href="https://investorplace.com/2024/07/will-the-fed-cut-rates-after-june-cpi-data/">Will the Fed Cut Rates After June CPI Data?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/why-is-toyo-toyo-stock-up-119-today/">Why Is Toyo (TOYO) Stock Up 119% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Toyo (TOYO) Stock Up 119% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
ASP Isotopes&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aspi-stock-quote/">ASPI</a>) stock is down on Friday after the development stage advanced materials company <a href="https://finance.yahoo.com/news/asp-isotopes-announces-proposed-public-200100923.html">announced a proposed public offering</a> for its shares.



The company hasn&rsquo;t revealed the finer details of this offering just yet. That means we don&rsquo;t know how many shares it will include or what they will be priced at. We also don&rsquo;t know how much it expects to raise from the offering.



What he do know is that ASP Isotopes intends to offer an additional 15% of shares in the offering to underwriters. This will give sole bookrunner Canaccord Genuity 30 days after the offering to acquire ASPI shares at the offering price.



<h2>What This Means for ASPI Stock</h2>



A public offering will increase the total number of ASPI shares on the public market. Doing this will also dilute the stakes of investors in the company. This is one of the reasons why the stock is falling on Friday.



Additionally, the shares in the public offering are likely to be discounted from the stock&rsquo;s prior closing price. This has investors anticipating that discount, which helps explain why the stock is down when the price hasn&rsquo;t been announced yet.



ASPI stock is down 19.4% as of Friday morning. The shares are up 104.6% since the start of the year.



Investors will want to keep reading for more of the most recent stock market stories!



We have all of the hottest stock market news traders need to know about on Friday! That includes what&rsquo;s going on with Shineco&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sisi-stock-quote/">SISI</a>) stock, Toyo&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/toyo-stock-quote/">TOYO</a>) shares and Crown LNG&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cgbs-stock-quote/">CGBS</a>) stock this morning. All of that news is ready at the links below!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/07/why-is-shineco-sisi-stock-down-54-today/">Why Is Shineco (SISI) Stock Down 54% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/why-is-toyo-toyo-stock-up-119-today/">Why Is Toyo (TOYO) Stock Up 119% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/why-is-crown-lng-cgbs-stock-up-65-today/">Why Is Crown LNG (CGBS) Stock Up 65% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/why-is-asp-isotopes-aspi-stock-down-19-today/">Why Is ASP Isotopes (ASPI) Stock Down 19% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is ASP Isotopes (ASPI) Stock Down 19% Today?

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TOYO Co., Ltd Announces Consummation of Business Combination and Debut on Nasdaq

BWAQ

Toyo Co

Shares of ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million <a href="https://www.benzinga.com/quote/ASPI/news">shares at $2.50 per share</a>.



ASP Isotopes shares fell 9.2% to $3.2308 on Friday.



Here are some other stocks moving in today&#8217;s mid-day session.



<h3 class="wp-block-heading">Gainers</h3>



<ul>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck.</li>



<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares rose 110% to $0.4335.</li>



<li>TOYO Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) climbed 63.4% to $2.5322.</li>



<li>Nisun International Enterprise Development Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>) jumped 58% to $9.52 following FY23 earnings.</li>



<li>Sentage Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) rose 43% to $3.29 after gaining around 5% on Thursday.</li>



<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) gained 40.4% to $7.85.</li>



<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) shares jumped 38.8% to $3.3452.</li>



<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) gained 37.6% to $12.66 after the company announced that it entered into a new standby equity purchase agreement with an affiliate of Yorkville Advisors Global to start production and the commercial rollout of the i300 electric urban motorcycle in India.</li>



<li>Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) rose 25.7% to $12.19.</li>



<li>A2Z Smart Technologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZ#NASDAQ">AZ</a>) gained 23.8% to $0.7899.</li>



<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares rose 19.3% to $0.0982 after gaining around 7% on Thursday.</li>



<li>S&amp;W Seed Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) gained 18.3% to $0.3375.</li>



<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 17% to $3.9850. The stock may be up on continued strength after the company&#8217;s CEO recently said the co. will need to raise more money to grow, stating Saudi&#8217;s PIF is a &#8216;perfect&#8217; long-term partner on EVs.</li>



<li>China SXT Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) rose 16% to $1.38 after jumping 10% on Thursday.</li>



<li>LL Flooring Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) surged 16% to $0.8673.</li>



<li>Verastem, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTM#NASDAQ">VSTM</a>) gained 15% to $3.4188. Verastem Oncology said first patient was dosed with GFH375/VS-7375, a KRAS G12D (ON/OFF) inhibitor, in a Phase 1/2 trial in China as a part of collaboration with GenFleet Therapeutics.</li>



<li>Immutep Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) shares climbed 14.4% to $2.30 after the company disclosed results for first-line treatment of head and neck squamous cell carcinoma patients with negative PD-L1 expression.</li>



<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) gained 14.2% to $3.8506. Benchmark analyst Michael Legg maintained EVgo with a Buy and raised the price target from $3 to $5.</li>



<li>QuantumScape Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QS#NASDAQ">QS</a>) rose 12.2% to $7.92. QuantumScape recently announced it entered into an agreement with PowerCo to industrialize solid-state batteries.</li>



<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) surged 9.6% to $5.01. Archer Aviation announced it has signed a memorandum of understanding (MOU) with Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) to develop operational plans for electric air taxi networks utilizing Archer's eVTOL aircraft at California airports.</li>



<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) rose 9.6% to $23.51.</li>



<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) gained 8.7% to $10.77.</li>



<li>The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) climbed 4.3% to $64.12 following better-than-expected quarterly financial results.</li>



<li>Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) rose 3.8% to $6.63 after the company reported better-than-expected second-quarter sales and issued guidance.</li>
</ul>



<h3 class="wp-block-heading">Losers</h3>



<ul>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares dipped 53% to $0.9987 after the company announced pricing of a $2 million underwritten public offering.</li>



<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) fell 24.2% to $0.94. HC Wainwright &amp; Co. analyst Sean Lee reiterated Kazia Therapeutics with a Buy and maintained a $2 price target.</li>



<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) fell 20.5% to $5.83 after surging 85% on Thursday.</li>



<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) dipped 19.3% to $4.92.</li>



<li>Renalytix Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNLX#NASDAQ">RNLX</a>) declined 18.3% to $0.3035. Renalytix recently announced a collaboration with the Steno Diabetes Center, Copenhagen, to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease.</li>



<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) fell 15.5% to $2.04. Pineapple recently engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital-raising activities.</li>



<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) dipped 14% to $1.43.</li>



<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) declined 13.5% to $1.41.</li>



<li>New Horizon Aircraft Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 9.4% to $0.5750 after gaining around 20% on Thursday.</li>



<li>Lipella Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) fell 9.4% to $0.4810 after gaining over 9% on Thursday.</li>



<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares declined 8.5% to $24.00 after gaining around 4% on Thursday.</li>



<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares fell 7.7% to $0.9964. Biodexa Pharmaceuticals shares jumped around 52% on Thursday after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.</li>



<li>Value Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALU#NASDAQ">VALU</a>) dipped 7.4% to $40.75.</li>



<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) fell 6.8% to $56.07 after the company posted second-quarter results.</li>



<li>The Vita Coco Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COCO#NASDAQ">COCO</a>) declined 6.3% to $28.49. Piper Sandler analyst Michael Lavery downgraded Vita Coco from Overweight to Neutral and lowered the price target from $29 to $28.</li>



<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) fell 5.5% to $16.65.</li>
</ul>



Now Read This: 



<ul>
<li><a href="https://www.benzinga.com/news/24/07/39748729/nvidia-to-rally-more-than-33-here-are-10-top-analyst-forecasts-for-friday">NVIDIA To Rally More Than 33%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Why ASP Isotopes Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Friday.



Following the market opening Friday, the Dow traded up 0.25% to 39,853.88 while the NASDAQ rose 0.25% to 18,329.05. The S&amp;P 500 also rose, gaining, 0.22% to 5,596.73.



Check This Out: <a href="https://www.benzinga.com/news/24/07/39748162/this-spotify-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-friday">This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday</a>



Leading and Lagging Sectors Real estate shares jumped by 0.6% on Friday.



In trading on Friday, communication services shares fell by 0.5%.



Top Headline



The Producer Price Index released Friday revealed a higher-than-expected increase in June.



In June, the headline PPI for final demand rose by 0.2% month-over-month, rebounding sharply from the upwardly revised flat reading in May and surpassing economists' expectations – as tracked by TradingEconomics – of a 0.1% increase. On an annual basis compared to June 2023, the overall producer basket rose by 2.6%, reaching its highest point since March 2023.



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>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares shot up 130% to $0.78 after the company announced CARB certification for the VMC 1200 class 3 electric truck.</li>



<li>Shares of TOYO Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) got a boost, surging 84% to $2.85.</li>



<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) shares were also up, gaining 66% to $4.02.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares dropped 53% to $0.9892 after the company announced pricing of a $2 million underwritten public offering.</li>



<li>Shares of Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) were down 19% to $1.0101. HC Wainwright &amp; Co. analyst Sean Lee reiterated Kazia Therapeutics with a Buy and maintained a $2 price target.</li>



<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) was down, falling 16% to $6.15.</li>
</ul>



Also Check This Out: <a href="https://www.benzinga.com/news/24/07/39747351/amazon-com-nvidia-and-2-other-stocks-insiders-are-selling">Amazon.com, Nvidia And 2 Other Stocks Insiders Are Selling</a>



Commodities In commodity news, oil traded up 1% to $83.45 while gold traded down 0.6% at $2,407.20.



Silver traded down 2.2% to $30.975 on Friday, while copper rose 0.7% to $4.5380.



Euro zone



European shares were higher today. The eurozone's STOXX 600 gained 0.4%, Germany's DAX gained 0.4% and France's CAC 40 rose 0.8%. Spain's IBEX 35 Index rose 0.5%, while London's FTSE 100 rose 0.3%.



Spanish annual consumer price inflation rate eased to 3.4% in June from 3.6% in May, while annual inflation rate in France slowed to 2.2% in June from 2.3% in the prior month. German wholesale prices fell by 0.6% year-over-year in June.



Asia Pacific Markets



Asian markets closed mixed on Friday, with Japan's Nikkei falling 2.45%, Hong Kong's Hang Seng Index jumping 2.59%, China's Shanghai Composite Index gaining 0.03% and India's S&amp;P BSE Sensex surging 0.78%.



Foreign exchange reserves held by the Reserve Bank of India climbed to $657.2 billion as of July 5. Industrial production growth in Japan rose 3.6% month-over-month in May. Chinese trade surplus widened to $99.05 billion in June from $69.80 billion in the year-ago period.



Economics



In June, the headline PPI for final demand rose by 0.2% month-over-month, rebounding sharply from the upwardly revised flat reading in May and surpassing economists' expectations – as tracked by TradingEconomics – of a 0.1% increase. On an annual basis compared to June 2023, the overall producer basket rose by 2.6%, reaching its highest point since March 2023.



Now Read This: 



<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39748049/how-to-earn-500-a-month-from-bank-of-america-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings</a></li>
</ul>

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Friday, July 12, 2024