Latest news for Watts (OTC:WTTZF) Stock

Watts Co., Ltd. is engaged in the wholesale of daily necessities, grocery and food products, and other goods. The company's product profile includes Sanitary goods, Cleaning sheet, Water supply equipment, Lunch supplies, and other related products.

Watts Co Ltd

WIIM

GRFS

Grifols shares are trading higher after the company appointed Rahul Srinivasan as CFO, effective Sept. 16.

<p><a href="https://www.cnbc.com/2024/07/05/globalfoundries-hiring-as-semiconductor-chip-demand-rises.html">https://www.cnbc.com/2024/07/05/globalfoundries-hiring-as-semiconductor-chip-demand-rises.html</a></p>
<ul>
<li>The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act continues to be dispersed.</li>
<li>It is also staring down a projected shortfall of as much as one million workers in the broader U.S. economy by 2030.</li>
<li>GlobalFoundries, the third-largest chipmaker globally, is casting a wide net to recruit talent.</li>
<li>The company has sought out veteran candidates, along with employees from workforce reentry programs and an initiative for women in construction.</li>
</ul>
<p>The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.</p>
<p>It is also staring down a projected shortfall of as much as one million workers in the broader U.S. economy by 2030 as generative artificial intelligence adds fuel to the in-demand sector.</p>
<p>&nbsp;</p>
<p>The U.S. chips industry is expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030, while the broader U.S. economy is set to have a gap of 1.4 million such workers, according to <a href="https://www.semiconductors.org/america-faces-significant-shortage-of-tech-workers-in-semiconductor-industry-and-throughout-u-s-economy/">a 2023 study</a> from the Semiconductor Industry Association.</p>
<p>A separate study from Deloitte found the talent crunch in the semiconductor space could get even worse due to the global economic environment and ongoing supply chain issues.</p>
<p><a href="https://www.cnbc.com/quotes/GFS/">GlobalFoundries</a>, the <a href="https://www.cnbc.com/2023/10/01/how-globalfoundries-aims-to-remain-worlds-third-biggest-chip-foundry.html">third-largest chipmaker globally</a>, is casting a wide net to recruit talent. The company has sought out veteran candidates, along with candidates from its own workforce reentry program and an initiative for women in construction.</p>
<p>The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense. Major clients include <a href="https://www.cnbc.com/quotes/GM/">General Motors</a> and <a href="https://www.cnbc.com/quotes/LMT/">Lockheed Martin</a>.</p>
<p>In 2021, the company launched the sector's first registered apprenticeship program, which is full time and paid with benefits, with training at no cost to the apprentice. It is completed in two years or less, and requires only a high school diploma or equivalent and interest in the mechanical field. Some 50 apprentices have gone through the program so far, the company said. It has recruited graduates with technical associate degrees from regional community colleges and veterans transitioning out of the military for the program.</p>
<p>&nbsp;</p>
<p><a href="https://www.cnbc.com/quotes/GFS/">GlobalFoundries</a> is working to fill hundreds of roles at a time worldwide, and hires thousands annually, a pace it expects to continue, Chief People Officer Pradheepa Raman told CNBC in an interview. Raman said keeping the same size workforce is "not an option" for the industry as demand soars. The needs range from technicians to product managers and corporate roles.&nbsp;</p>
<p>"It's why we are very, very aggressive when it comes to our workforce development efforts," Raman said. "And if you're not getting traditional talent, [the solution is] cross-training talent, identifying alternate talent pools, people who are doing things in different fields, showing them that this is a very welcoming set of opportunities that exists within the semiconductor industry, is our approach."</p>
<p>Workers also have room for advancement, and training and retaining existing workers is key in this competitive environment. Morgan Woods, 28, started out in Malta, New York, at GlobalFoundries' fab facility as a technician in 2021. Woods has now moved into a training and development analyst role with the company, overseeing training for technicians, engineers and management, plus ensuring compliance. Woods said compliance is crucial as the company expands into the automotive space, working with GM.</p>
<p>"As the demand for the microchips increases, we definitely need more manpower to help support the constant rollout of microchips and meeting our daily targets," Woods said.&nbsp;</p>
<p>Woods has taken advantage of a benefit from GlobalFoundries launched in May, allowing eligible U.S.-based employees and new hires to receive a tax-free lifetime total of $28,500 toward student debt. It includes qualified loans for all degree types and credit-based certificate programs offered by U.S. universities and colleges. So far, the number of applicants has topped 200, exceeding expectations, the company said.</p>
<p>"By participating in this program, I will be in a much better financial position to purchase a home within the next few years, as well as look at expanding my family and having children," Woods said.&nbsp;</p>
<p>Beyond helping to create roles in engineering and computer science, funding from the CHIPS and Science Act will also bolster growth for GlobalFoundries' manufacturing fabs in New York and Vermont. In February, the company <a href="https://www.cnbc.com/2024/02/20/us-awards-1point5-billion-to-globalfoundries-for-semiconductor-production.html">announced $1.5 billion in planned</a> CHIPS funding to expand manufacturing capacity. It projects that funding, along with local and state money, will help to create some 1,500 manufacturing jobs and 9,000 construction jobs over the lifetime of planned projects.</p>
<p>Manufacturing and construction <a href="https://www.cnbc.com/2024/02/02/jobs-report-manufacturing-and-construction-sectors-are-hiring.html">have faced worker shortages of their own recently</a>, and aim to lure new and younger hires to the field.</p>
<p>"We believe the challenges that we face in recruiting can be solved through an ecosystem approach of workforce development and making our organization one of the best places to work through the benefits offerings that we have been providing," Raman said.</p>


News

Management

'GlobalFoundries Races To Find Semiconductor Talent As Demand For Chips Soars' - CNBC

<p>- Campaign Rally In Madison, Wisconsin</p>
<p><a href="https://www.youtube.com/watch?v=iHLiFOZksrw" title="https://www.youtube.com/watch?v=iHLiFOZksrw">https://www.youtube.com/watch?v=iHLiFOZksrw</a></p>


Politics

General

Biden Says "Not Letting Debate Wipe Out Years Of Work; I Am Staying In The Race; I Am Running And I Am Going To Win Again"

<p>U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining more than 150 points on Friday.</p>
<p>The Dow traded up 0.12% to 39,354.34 while the NASDAQ rose 0.89% to 18,349.85. The S&amp;P 500 also rose, gaining, 0.49% to 5,564.29.</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/24/07/39645407/amazon-f5-and-2-other-stocks-insiders-are-selling">Amazon, F5 And 2 Other Stocks Insiders Are Selling</a></p>
<p><strong>Leading and Lagging Sectors</strong><br /><br />Communication services shares jumped by 2.3% on Friday.</p>
<p>In trading on Friday, energy shares fell by 1.8%.</p>
<p><strong>Top Headline</strong></p>
<p>Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.</p>
<p>The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.</p>
<p><strong>Equities Trading UP</strong><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<ul>
<li><strong>Koss Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares shot up 28% to $13.62, possibly on continued retail investor interest.</li>
<li>Shares of <strong>Macy&#8217;s, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) got a boost, surging 10% to $19.74. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li><strong>Sharps Technology, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares were also up, gaining 11% to $0.2550. On Wednesday, the medical device and pharmaceutical packaging company received two purchase orders for approximately 1 million SecureGard ultra-low waste smart safety syringes produced at Sharps' manufacturing facility in Hungary.</li>
</ul>
<p><strong>Equities Trading DOWN</strong></p>
<ul>
<li><strong>NIO Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares dropped 6% to $4.5750 after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.</li>
<li>Shares of <strong>Eshallgo Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) were down 12% to $2.30. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li><strong>XPeng Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) was down, falling 7% to $7.72. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
</ul>
<p>Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a></p>
<p><strong>Commodities</strong><br /><br />In commodity news, oil traded down 0.4% to $83.52 while gold traded up 1.3% at $2,400.60.</p>
<p>Silver traded up 2.2% to $31.525 on Friday, while copper rose 2.6% to $4.6525.</p>
<p><strong>Euro zone</strong></p>
<p>European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.18%, Germany's DAX rose 0.14% and France's CAC 40 fell 0.26%. Spain's IBEX 35 Index fell 0.39%, while London's FTSE 100 fell 0.45%.</p>
<p>Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK's Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.</p>
<p><strong>Asia Pacific Markets</strong></p>
<p>Asian markets closed lower on Friday, with Japan's Nikkei falling 0.01%, Hong Kong's Hang Seng Index declining 1.27%, China's Shanghai Composite Index falling 0.26% and India's S&amp;P BSE Sensex declining 0.07%.</p>
<p>The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.</p>
<p><strong>Economics</strong></p>
<p>Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.</p>
<p>Now Read This: <a href="https://www.benzinga.com/24/07/39646004/wall-streets-most-accurate-analysts-spotlight-on-3-real-estate-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields</a></p>


Earnings

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

EHGO

KOSS

STSS

XPEV

Gold Gains Over 1%; NIO Shares Slide

<p>Deep-pocketed investors have adopted a bearish approach towards Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</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 WMT usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Walmart. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 6 are puts, totaling $362,850, and 16 are calls, amounting to $1,007,435.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $56.67 to $80.0 for Walmart over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Walmart stands at 2807.94, with a total volume reaching 6,655.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walmart, situated within the strike price corridor from $56.67 to $80.0, throughout the last 30 days.</p>
<h3>Walmart Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207926_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.9</td>
<td>$8.8</td>
<td>$8.88</td>
<td>$70.00</td>
<td>$325.7K</td>
<td>1.4K</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>WMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.4</td>
<td>$4.15</td>
<td>$4.32</td>
<td>$70.00</td>
<td>$131.7K</td>
<td>1.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.51</td>
<td>$1.5</td>
<td>$1.51</td>
<td>$65.00</td>
<td>$97.5K</td>
<td>2.4K</td>
<td style="text-align: right;">520</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$1.65</td>
<td>$1.61</td>
<td>$1.65</td>
<td>$67.00</td>
<td>$76.3K</td>
<td>1.8K</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.35</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$65.00</td>
<td>$73.0K</td>
<td>6.6K</td>
<td style="text-align: right;">18</td>
</tr>
</tbody>
</table>
</p>
<h3>About Walmart</h3>
<p>Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the firm's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.</p>
<p>After a thorough review of the options trading surrounding Walmart, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Walmart Standing Right Now?</h3>
<ul>
<li>With a trading volume of 8,787,100, the price of WMT is up by 2.18%, reaching $69.73.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 41 days from now.</li>
</ul>
<h3>What The Experts Say On Walmart</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $75.4.</p>
<ul>
<li>An analyst from Evercore ISI Group persists with their Outperform rating on Walmart, maintaining a target price of $73. </li>
<li>An analyst from Stifel has decided to maintain their Hold rating on Walmart, which currently sits at a price target of $71. </li>
<li>An analyst from Jefferies has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $77. </li>
<li>An analyst from HSBC has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $81. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Walmart, targeting a price of $75. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walmart options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Walmart Options Trading: A Deep Dive into Market Sentiment

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Accenture</strong>.</p>
<p>Looking at options history for Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.</p>
<p>From the overall spotted trades, 4 are puts, for a total amount of $179,730 and 4, calls, for a total amount of $249,298.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $320.0 for Accenture during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Accenture's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Accenture's substantial trades, within a strike price spectrum from $250.0 to $320.0 over the preceding 30 days.</p>
<h3>Accenture Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207921_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$2.3</td>
<td>$2.05</td>
<td>$2.25</td>
<td>$300.00</td>
<td>$141.5K</td>
<td style="text-align: right;">20</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$14.4</td>
<td>$14.1</td>
<td>$14.1</td>
<td>$285.00</td>
<td>$69.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$5.8</td>
<td>$5.7</td>
<td>$5.8</td>
<td>$315.00</td>
<td>$41.2K</td>
<td style="text-align: right;">280</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$20.8</td>
<td>$19.8</td>
<td>$20.47</td>
<td>$320.00</td>
<td>$40.9K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$2.3</td>
<td>$1.7</td>
<td>$2.25</td>
<td>$295.00</td>
<td>$38.2K</td>
<td style="text-align: right;">425</td>
<td style="text-align: right;">372</td>
</tr>
</tbody>
</table>
</p>
<h3>About Accenture</h3>
<p>Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.</p>
<p>Having examined the options trading patterns of Accenture, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Accenture's Current Market Status</h3>
<ul>
<li>With a volume of 1,878,611, the price of ACN is down -2.06% at $299.44. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 83 days.</li>
</ul>
<h3>What The Experts Say On Accenture</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $341.0.</p>
<ul>
<li>An analyst from Citigroup persists with their Buy rating on Accenture, maintaining a target price of $350. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Accenture with a target price of $400. </li>
<li>Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $300.</li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Accenture with a target price of $320. </li>
<li>An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $335. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Accenture, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


This Is What Whales Are Betting On Accenture

<p>Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) revealed 17 unusual trades.</p>
<p>Delving into the details, we found 47% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $787,996, and 7 were calls, valued at $299,950.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $280.0 and $470.0 for Lululemon Athletica, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Lululemon Athletica stands at 428.31, with a total volume reaching 473.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lululemon Athletica, situated within the strike price corridor from $280.0 to $470.0, throughout the last 30 days.</p>
<h3>Lululemon Athletica Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207916_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$117.55</td>
<td>$110.45</td>
<td>$112.59</td>
<td>$410.00</td>
<td>$281.4K</td>
<td style="text-align: right;">189</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$27.7</td>
<td>$27.15</td>
<td>$27.3</td>
<td>$300.00</td>
<td>$136.5K</td>
<td style="text-align: right;">766</td>
<td style="text-align: right;">21</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$82.8</td>
<td>$74.0</td>
<td>$79.32</td>
<td>$310.00</td>
<td>$79.3K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$62.35</td>
<td>$60.85</td>
<td>$62.35</td>
<td>$360.00</td>
<td>$68.5K</td>
<td style="text-align: right;">320</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$173.3</td>
<td>$167.55</td>
<td>$170.97</td>
<td>$470.00</td>
<td>$68.3K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Lululemon Athletica</h3>
<p>Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.</p>
<p>After a thorough review of the options trading surrounding Lululemon Athletica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Lululemon Athletica</h3>
<ul>
<li>Trading volume stands at 908,117, with LULU's price down by -0.55%, positioned at $298.67.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 55 days.</li>
</ul>
<h3>What The Experts Say On Lululemon Athletica</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $410.6.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Lululemon Athletica with a target price of $470. </li>
<li>An analyst from BMO Capital persists with their Market Perform rating on Lululemon Athletica, maintaining a target price of $384. </li>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on Lululemon Athletica, which currently sits at a price target of $338. </li>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Lululemon Athletica, targeting a price of $416. </li>
<li>An analyst from Oppenheimer has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $445. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lululemon Athletica options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


LULU

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

CHWY

Chewy shares are trading higher on continued volatility after 'Roaring Kitty' Keith Gill recently disclosed a 6.6% passive stake.

<p>BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) has outperformed the market over the past 5 years by 15.63% on an annualized basis producing an average annual return of 28.91%. Currently, BJ's Wholesale Club has a market capitalization of $11.56 billion. </p>
<p><strong>Buying $100 In BJ:</strong> If an investor had bought $100 of BJ stock 5 years ago, it would be worth <strong>$336.07</strong> today based on a price of $87.08 for BJ at the time of writing.</p>
<h3>BJ's Wholesale Club's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207824_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning BJ's Wholesale Club Stock In The Last 5 Years

<p>IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) has outperformed the market over the past 10 years by 11.08% on an annualized basis producing an average annual return of 22.02%. Currently, IDEXX Laboratories has a market capitalization of $39.33 billion. </p>
<p><strong>Buying $100 In IDXX:</strong> If an investor had bought $100 of IDXX stock 10 years ago, it would be worth <strong>$726.72</strong> today based on a price of $487.99 for IDXX at the time of writing.</p>
<h3>IDEXX Laboratories's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207820_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


IDXX

$100 Invested In This Stock 10 Years Ago Would Be Worth $700 Today

GlobalFoundries shares are trading higher amid strength in chip stocks following US jobs data.

Southwest Airlines shares are trading higher after the company implemented a shareholder rights plan in response to Elliott Investment's stake.

Legal

AAPL

Apple Has Now Approved Epic Games Sweden AB Marketplace App After Epic Games' Antitrust Complaint

INSM

Insmed shares are trading higher after B of A Securities maintained a Buy rating on the stock.

<p>The Labour Party&#8217;s <a href="https://www.benzinga.com/news/24/07/39640147/keir-starmer-to-become-uk-prime-minister-as-labour-wins-big-over-rishi-sunaks-conservatives-mohamed">electoral victory on Monday</a>, securing a majority in the 2024 UK general election under <strong>Keir Starmer</strong>, marks the end of 14 years of Conservative dominance. However, when it comes to <a href="http://benzinga.com/cannabis">cannabis</a> policy, the change in leadership is unlikely to prompt a shift toward legalization, at least not yet.</p>
<h2 class="wp-block-heading"><strong>Starmer Firm On Maintaining UK Drug Laws</strong></h2>
<p>Starmer has consistently expressed reluctance to modify the UK&#8217;s drug laws. "We are not considering decriminalization of cannabis or any drugs. It&#8217;s really important that we keep the drugs laws as they are at the moment. So no plan there at all", Starmer <a href="https://www.youtube.com/watch?v=K4O4XmI6tIk">told</a> ITV News on Wednesday last week. His stance mirrors the party&#8217;s broader approach, focusing on maintaining current drug policies despite public debates and some internal calls for reconsideration.</p>
<h2 class="wp-block-heading"><strong>UK Divided On Cannabis Legalization</strong></h2>
<p>Cannabis is the most used illegal substance in the UK, with 7.6% of adults aged 16 to 59 reporting usage in the past year, <a href="https://www.forbes.com/sites/dariosabaghi/2024/07/05/will-labour-change-cannabis-policy-in-the-uk/">according</a> to 2023 data from the Office for National Statistics cited by Forbes. However, public opinion on legalization is divided. A 2022 survey by Redfield &amp; Wilton Strategies found 38% opposed and 35% supported recreational cannabis legalization.</p>
<p>Interestingly, both major political parties, Labour and Conservative, align on opposing decriminalization, despite supporting drug diversion programs. These programs aim to redirect minor drug offenders away from the criminal justice system, a practice some experts consider akin to de facto decriminalization.</p>
<h3 class="wp-block-heading"><strong>Labour Prioritizes Tough Drug Enforcement</strong></h3>
<p>The UK has one of <a href="https://www.benzinga.com/markets/cannabis/24/06/39423903/a-comparison-of-legal-and-illicit-eu-cannabis-markets">Europe&#8217;s</a> highest drug use rates and drug-related deaths, particularly in Scotland. Yet, the Labour Party&#8217;s current leadership, including Starmer and <strong>Shadow Minister for Health Wes Streeting</strong>, prioritize stringent enforcement over reform, <a href="https://www.talkingdrugs.org/uk-elections-cheat-sheet-what-does-each-party-say-about-drug-policy/" target="_blank" rel="noreferrer noopener">noted</a> Talking Drugs. Streeting&#8217;s <a href="https://www.facebook.com/www.JOE.co.uk/videos/labour-mp-we-need-to-crush-every-drug-dealer-in-the-country/1011121849544432/" target="_blank" rel="noreferrer noopener">pledge</a> in 2022 to &#8220;crush every drug dealer in the country&#8221; vividly illustrates this hardline approach.</p>
<p>Prominent Labour figures have occasionally pushed for debate on cannabis policy. Notably, London <strong>Mayor Sadiq Khan </strong><a href="https://www.benzinga.com/markets/cannabis/22/05/27225431/ed-miliband-says-labour-doesnt-stand-behind-mayor-khans-plan-to-decriminalize-cannabis-in-uk" target="_blank" rel="noreferrer noopener">proposed a decriminalization pilot in 2022</a>, met with resistance from both Labour and the Conservative government. Labour&#8217;s manifesto continues a &#8220;tough on crime&#8221; approach, associating drug use with anti-social behavior and gang involvement.</p>
<h3 class="wp-block-heading"><strong>Tories Face Criticism Over Cannabis Stance</strong></h3>
<p>The Conservatives also oppose cannabis legalization, but previously faced criticism for hypocrisy. Secretary of State for Health and Social Care<strong> Victoria Atkins</strong>, a staunch prohibitionist and one of the Tories&#8217; main voices when it comes to drug policy, was accused by legalization advocates of a conflict of interest due to her husband&#8217;s involvement in one of the largest legal cannabis farms in the UK, <a href="https://www.bbc.com/news/uk-england-lincolnshire-44109060">reported</a> the BBC in 2018.</p>
<h3 class="wp-block-heading"><strong>Minor Parties Champion Cannabis Regulation</strong></h3>
<p>Meanwhile, the broader political landscape shows that only the <strong>Liberal Democrats </strong>and the <strong>Green Party are actively pushing for cannabis regulation</strong>, exemplifying the significant political gap between the UK&#8217;s major and minor political parties.</p>
<p>Although <a href="https://www.benzinga.com/markets/cannabis/23/12/36063938/uks-first-medical-marijuana-clinical-trial-gets-underway-national-health-service-remains-cautiou" target="_blank" rel="noreferrer noopener">medical cannabis legalization</a> in 2018 demonstrates the potential for policy evolution, access issues persist, with most patients relying on private clinics, Forbes noted. While Labour assumes power, the maintaining of the cannabis policy status quo seems to be the most likely scenario.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cannabis/24/07/39582406/what-are-germans-rolling-in-their-joints-this-denver-cannabis-company-found-out-at-berlins-mary-" target="_blank" rel="noreferrer noopener">What Are Germans Rolling In Their Joints? This Denver Cannabis Company Found Out At Berlin&#8217;s Mary Jane Trade Fair</a></strong></li>
</ul>
<p><em>Image created with generative AI tools.</em></p>
<div style="height:15px" aria-hidden="true" class="wp-block-spacer"></div>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<p><em>Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. </em><a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener"><em>Get your tickets now</em></a><em> before prices surge by following </em><a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener"><em>this link</em></a><em>.</em></p>


Cannabis

Government

Regulations

Will UK Cannabis Laws Change Under New Labour Government? Doesn't Look That Way Just Yet

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Marvell Tech</strong>.</p>
<p>Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 15 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.</p>
<p>From the overall spotted trades, 7 are puts, for a total amount of $399,340 and 8, calls, for a total amount of $414,518.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $90.0 for Marvell Tech, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 2686.64 with a total volume of 2,028.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $65.0 to $90.0 over the last 30 days.</p>
<h3>Marvell Tech Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207059_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.87</td>
<td>$2.85</td>
<td>$2.87</td>
<td>$75.00</td>
<td>$110.5K</td>
<td>11.2K</td>
<td style="text-align: right;">183</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.35</td>
<td>$7.2</td>
<td>$7.25</td>
<td>$65.00</td>
<td>$84.8K</td>
<td>443</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$67.50</td>
<td>$78.1K</td>
<td>956</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.15</td>
<td>$14.2</td>
<td>$14.95</td>
<td>$80.00</td>
<td>$74.6K</td>
<td>393</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$70.00</td>
<td>$63.0K</td>
<td>3.9K</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marvell Tech</h3>
<p>Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.</p>
<h3>Where Is Marvell Tech Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,193,353, with MRVL's price down by -0.07%, positioned at $72.15.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Marvell Tech, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


MRVL

Marvell Tech Unusual Options Activity For July 05

Meta shares are trading higher, possibly amid strength in tech stocks following US jobs data.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Atlassian</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TEAM, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 23 options trades for <strong>Atlassian</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 52% bullish and 43%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $32,220, and 22, calls, for a total amount of $1,106,644.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $210.0 for Atlassian, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Atlassian stands at 147.83, with a total volume reaching 8,380.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Atlassian, situated within the strike price corridor from $155.0 to $210.0, throughout the last 30 days.</p>
<h3>Atlassian 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207055_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.1</td>
<td>$14.8</td>
<td>$15.1</td>
<td>$190.00</td>
<td>$86.0K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">708</td>
</tr>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$15.1</td>
<td>$15.0</td>
<td>$15.1</td>
<td>$190.00</td>
<td>$81.5K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">376</td>
</tr>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$14.9</td>
<td>$14.7</td>
<td>$14.8</td>
<td>$190.00</td>
<td>$78.4K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">528</td>
</tr>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.2</td>
<td>$15.0</td>
<td>$15.2</td>
<td>$190.00</td>
<td>$77.5K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">765</td>
</tr>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$15.1</td>
<td>$14.9</td>
<td>$14.9</td>
<td>$190.00</td>
<td>$65.5K</td>
<td style="text-align: right;">140</td>
<td style="text-align: right;">218</td>
</tr>
</tbody>
</table>
</p>
<h3>About Atlassian</h3>
<p>Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.</p>
<p>Having examined the options trading patterns of Atlassian, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Atlassian</h3>
<ul>
<li>Currently trading with a volume of 464,873, the TEAM's price is up by 2.56%, now at $186.93. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 27 days.</li>
</ul>
<h3>What The Experts Say On Atlassian</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $237.5.</p>
<ul>
<li>In a positive move, an analyst from Piper Sandler has upgraded their rating to Overweight and adjusted the price target to $225. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Atlassian with a target price of $250. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Atlassian, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


TEAM

Check Out What Whales Are Doing With TEAM

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Constellation Brands</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STZ, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Constellation Brands.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $106,507, and 10 are calls, for a total amount of $607,711.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $267.5 for Constellation Brands, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>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 Constellation Brands'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 Constellation Brands's whale trades within a strike price range from $170.0 to $267.5 in the last 30 days. </p>
<h3>Constellation Brands Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720207050_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/05/24</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.5</td>
<td>$250.00</td>
<td>$163.4K</td>
<td>2.5K</td>
<td>680</td>
</tr>
<tr>
<td>STZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/05/24</td>
<td>$4.1</td>
<td>$3.4</td>
<td>$4.1</td>
<td>$250.00</td>
<td>$99.2K</td>
<td>2.5K</td>
<td>78</td>
</tr>
<tr>
<td>STZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/05/24</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.7</td>
<td>$250.00</td>
<td>$77.7K</td>
<td>2.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>STZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/05/24</td>
<td>$4.0</td>
<td>$3.7</td>
<td>$4.0</td>
<td>$250.00</td>
<td>$66.4K</td>
<td>2.5K</td>
<td>478</td>
</tr>
<tr>
<td>STZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$8.1</td>
<td>$7.4</td>
<td>$7.6</td>
<td>$265.00</td>
<td>$57.0K</td>
<td>151</td>
<td>28</td>
</tr>
</tbody>
</table>
</p>
<h3>About Constellation Brands</h3>
<p>Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.</p>
<p>In light of the recent options history for Constellation Brands, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Constellation Brands</h3>
<ul>
<li>With a trading volume of 1,286,058, the price of STZ is up by 3.16%, reaching $258.28.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 90 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Constellation Brands</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $309.8.</p>
<ul>
<li>An analyst from Roth MKM persists with their Buy rating on Constellation Brands, maintaining a target price of $303. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Constellation Brands, targeting a price of $315. </li>
<li>Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Constellation Brands with a target price of $320. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Constellation Brands, maintaining a target price of $320. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Constellation Brands, maintaining a target price of $291. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Constellation Brands, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>
