Latest news for ABN AMRO Bank (OTC:ABMRF) Stock

ABN Amro Bank is a Dutch bank, and the Netherlands accounts for around 90% of its operating profit. Operationally, retail and commercial banking contributes the majority of its operating profit, while ABN Amro continues to reduce its exposure to corporate and investment banking. It views private banking as one of its key growth areas.

ABN AMRO Bank NV

3D Systems Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) shares are trading higher by 6.46% to $2.55 Tuesday afternoon after the company announced it received FDA clearance for its <a href="https://www.benzinga.com/pressreleases/24/09/g40897537/3d-systems-receives-fda-clearance-for-first-to-market-multi-material-monolithic-jetted-denture-sol">monolithic jetted denture solution</a>.
What Else: 3D systems says the FDA clearance allows dental laboratories to potentially improve the efficiency of denture production. Glidewell, a producer of restorative dental devices, has begun integrating the technology into its production workflow. &#8220;We look forward to implementing 3D Systems&#8217; new workflow,&#8221; said Glidewell CEO Stephenie Goddard.
Neil McCaffrey, Vice President and General Manager of Dental at 3D Systems, stated that this FDA clearance aligns with the company's broader strategy to expand its digital dentistry portfolio. 
3D systems says the solution integrates various elements of the company's hardware, software and materials technology into a streamlined production process.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40906243/small-caps-bitcoin-rally-as-traders-await-fed-rate-cut-treasury-yields-us-dollar-tick-up-on-stro">Small Caps, Bitcoin Rally As Traders Await Fed Rate Cut; Treasury Yields, US Dollar Tick Up On Strong Retail Sales: What&#8217;s Driving Markets Tuesday?</a>
<h2 class="wp-block-heading">How To Buy DDD Stock</h2>
By now you're likely curious about how to participate in the market for 3D Systems &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of 3D Systems, which is trading at $2.58 as of publishing time, $100 would buy you 38.76 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DDD has a 52-week high of $6.85 and a 52-week low of $1.72.

News

Why 3D Systems (DDD) Stock Is Trading Higher

Nuvalent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) shares are trading lower by 6.56% to $104.81 during Tuesday&#8217;s session after the company priced a $500 million <a href="https://www.benzinga.com/pressreleases/24/09/n40890391/nuvalent-announces-pricing-of-upsized-public-offering-of-common-stock">upsized public offering</a> of 5 million common shares at $100 per share.
Nuvalent says the offering is expected to close on September 18, pending the satisfaction of customary closing conditions. Gross proceeds of approximately $500 million are expected for the company, before expenses.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/09/40884325/nuvalent-stock-jumps-on-esmo-data-presentation-seeks-to-raise-350m-via-equity">Nuvalent Stock Jumps On ESMO Data Presentation</a>
Additionally, the underwriters have been granted a 30-day option to purchase up to 750,000 additional shares of Class A common stock at the same public offering price, minus underwriting discounts and commissions.
J.P. Morgan, TD Cowen, Jefferies and Stifel are acting as joint book-running managers for the offering.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More</a>
<h2 class="wp-block-heading">Should I Sell My NUVL Stock?</h2>
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Nuvalent have increased by 138.18% in the past year. An investor who bought shares of Nuvalent at the beginning of the year would make a profit of $28.82 per share if they sold it today. The stock has risen 40.12% over the past month, meaning an investor who bought shares on Aug. 1 would see a capital gain of $31.76.
Nuvalent shares have an all-time high of $112.17, representing 6.91% upside from current levels.
For access to advanced charting and analysis tools and stock data, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NUVL has a 52-week high of $113.51 and a 52-week low of $39.93.

NUVL

Why Nuvalent (NUVL) Shares Are Down 6% Today

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Tuesday surged by 5.3%, trading at $60,985 after hitting a high of $61,331, as the market braces for the Federal Reserve's critical interest rate decision on Sep. 18, a move that could set the stage <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905692/bitcoin-ethereum-dogecoin-pump-5-heres-what-wednesdays-fed-rate-cut-decision-could-mean-fo">for considerable volatility</a>.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also experienced gains, rising by 4% to $2,375. 
What Happened: With the <a href="https://www.benzinga.com/top-stories/24/09/40885335/from-too-hot-to-time-has-come-10-moments-powell-shed-light-on-inflation">market split</a> between a 25 and 50 basis point cut, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40897210/contrarian-trader-bets-200k-to-win-6-5m-on-this-unlikely-fed-rate-cut-scenario">traders are positioning</a> themselves for the anticipated Fed decision.
In a note sent to Decrypt, Illia Otychenko, Lead Analyst at CEX.IO, highlighted the potential for increased market fluctuations, noting that a 50 basis point cut could generate more volatility than a 25 basis point reduction. 
He further explained that the Fed's forward guidance might be the more influential factor, stating, "A 25 bps cut with more aggressive guidance might signal a dovish stance, while a 50 bps cut paired with a passive outlook could cause uncertainty."
Otychenko emphasized that the market's reaction may depend more on Jerome Powell's commentary after the decision rather than the size of the rate cut itself. 
If Powell's remarks fail to provide clarity on the Fed's short-term strategy, investor uncertainty could lead to increased risk aversion, potentially putting pressure on Bitcoin prices.
The cryptocurrency market is not only focused on the Fed's decision but is also watching several other global macroeconomic events this week.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40904011/howard-winklevoss-donates-4m-in-bitcoin-to-grove-city-college">Howard Winklevoss Donates $4M In Bitcoin To Grove City College</a>
These include Japan's trade data, the Bank of England's interest rate decision, and the U.S. initial jobless claims, all of which could impact global economic sentiment and further affect crypto prices. 
Later in the week, Japan's Consumer Price Index (CPI) and the Bank of Japan's rate decision will also contribute to the global financial landscape, providing further data points for crypto traders.
Inflows activity in Bitcoin and Ethereum exchange-traded funds (ETFs) also reflects mixed market sentiment. 
On Sep. 16, <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">Bitcoin spot ETFs</a> recorded a net inflow of $12.9 million, driven by inflows into BlackRock&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and Fidelity's (CBOE: FBTC) ETFs, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data </a>from SoSo Value.
However, Grayscale's GBTC ETF saw significant outflows of $20.75 million, suggesting institutional investors remain cautious. 
Ethereum ETFs saw a net outflow of $9.5 million, with major outflows from Grayscale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>) ETF, though BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) ETF recorded inflows of $4.15 million.
What&#8217;s Next: These developments will be part of the broader conversation at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will analyze how macroeconomic policies are influencing the cryptocurrency market and what this means for the future of digital assets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40901724/singapores-dbs-bank-launches-bitcoin-and-ethereum-options-trading-for-institutional-client">Singapore&#8217;s DBS Bank Launches Bitcoin And Ethereum Options Trading For Institutional Clients</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

ETHA

ETHE

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Bitcoin Surges 5.3% Ahead Of Fed's Key Rate Decision: Expert Tells Benzinga Which Cut Could 'Cause Uncertainty'

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining around 0.2% on Tuesday.
The Dow traded up 0.01% to 41,628.39 while the NASDAQ rose 0.19% to 17,624.93. The S&amp;P 500 also rose, gaining, 0.03% to 5,634.76.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/40896687/how-to-earn-500-a-month-from-fedex-stock-ahead-of-q1-earnings">How To Earn $500 A Month From FedEx Stock Ahead Of Q1 Earnings</a>
Leading and Lagging Sectors Energy shares jumped by 1.3% on Tuesday.
In trading on Tuesday, health care shares fell by 1.1%.
Top Headline
The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month.
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>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) shares shot up 88% to $0.23 after the company received interim approval for $3.5 million in financing to support 144 locations during its restructuring.</li>
<li>Shares of Galmed Pharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) got a boost, surging 422% to $20.19. Galmed Pharmaceuticals regained Nasdaq compliance.</li>
<li>Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) shares were also up, gaining 24% to $11.40 after the company announced preliminary third-quarter revenue above estimates.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Tupperware Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) shares dropped 58% to $0.5099 following a report suggesting the company is planning bankruptcy.</li>
<li>Shares of Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) were down 29% to $2.0450 following first-quarter earnings.</li>
<li>Korro Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRRO#NASDAQ">KRRO</a>) was down, falling 8% to $37.42. HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterated Korro Bio with a Buy rating and maintained a $100 price target. The company, on Monday, announced a collaboration with Novo Nordisk to advance the discovery and development of new genetic medicines, with the initial target to treat cardiometabolic diseases.</li>
</ul>
Commodities In commodity news, oil traded up 1.6% to $71.21 while gold traded down 0.4% at $2,597.30.
Silver traded down 0.3% to $31.05 on Tuesday, while copper rose 0.1% to $4.2760.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.40%, Germany's DAX rose 0.50% and France's CAC 40 gained 0.51%. Spain's IBEX 35 Index rose 1.06%, while London's FTSE 100 rose 0.38%.
The ZEW Indicator of Economic Sentiment for the Eurozone fell 8.6 points to an eleven-month low level of 9.3. The ZEW Indicator of Economic Sentiment for Germany fell to 3.6 in September from 19.2 in August.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 falling 1.03%, Hong Kong's Hang Seng Index gaining 1.37% and India's BSE Sensex gaining 0.11%.
The merchandise trade deficit in India increased to $29.7 billion in August, recording the highest level in ten months. India's wholesale prices rose by 1.31% year-over-year in August compared to a 2.04% rise in the prior month.
Economics
<ul>
<li>U.S. retail sales rose 0.1% month-over-month in August compared to revised 1.1% gain in July, and topping market estimates of a 0.2% decline.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month.</li>
<li>Total business inventories rose by 0.4% month-over-month in July compared to a 0.3% gain in June and topping market expectations of a 0.3% increase.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/24/09/40897858/top-2-tech-and-telecom-stocks-that-may-keep-you-up-at-night-in-september">Top 2 Tech And Telecom Stocks That May Keep You Up At Night In September</a></li>
</ul>

Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

GLMD

KRRO

NCPL

Gold Edges Lower; US Homebuilder Sentiment Rises For September

Investors with a lot of money to spend have taken a bullish stance on United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with URI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for United Rentals.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,167, and 14, calls, for a total amount of $694,451.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $390.0 to $760.0 for United Rentals over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for United Rentals options trades today is 60.25 with a total volume of 64.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Rentals's big money trades within a strike price range of $390.0 to $760.0 over the last 30 days.
<h3>United Rentals 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597837_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$37.4</td>
<td>$36.1</td>
<td>$36.1</td>
<td>$760.00</td>
<td>$72.2K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$180.4</td>
<td>$173.7</td>
<td>$176.9</td>
<td>$590.00</td>
<td>$70.7K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$34.0</td>
<td>$29.4</td>
<td>$31.8</td>
<td>$750.00</td>
<td>$64.6K</td>
<td style="text-align: right;">60</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$320.0</td>
<td>$315.0</td>
<td>$315.0</td>
<td>$440.00</td>
<td>$63.0K</td>
<td style="text-align: right;">61</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$51.7</td>
<td>$48.0</td>
<td>$51.7</td>
<td>$700.00</td>
<td>$56.2K</td>
<td style="text-align: right;">159</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About United Rentals</h3>
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
After a thorough review of the options trading surrounding United Rentals, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is United Rentals Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 219,181, the URI's price is up by 2.98%, now at $764.07. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>What The Experts Say On United Rentals</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $795.0.
<ul>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on United Rentals with a target price of $795. </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 United Rentals, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On United Rentals

Whales with a lot of money to spend have taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) we detected 57 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $786,100 and 40, calls, for a total amount of $3,658,791.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2000.0 to $4900.0 for Booking Holdings over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</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 Booking Holdings'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 Booking Holdings's whale activity within a strike price range from $2000.0 to $4900.0 in the last 30 days. 
<h3>Booking Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597832_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$129.9</td>
<td>$122.6</td>
<td>$126.15</td>
<td>$3955.00</td>
<td>$252.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$130.1</td>
<td>$119.2</td>
<td>$123.1</td>
<td>$3955.00</td>
<td>$246.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2077.9</td>
<td>$2074.6</td>
<td>$2074.6</td>
<td>$2000.00</td>
<td>$207.4K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2072.5</td>
<td>$2066.6</td>
<td>$2066.6</td>
<td>$2000.00</td>
<td>$206.6K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2061.8</td>
<td>$2052.8</td>
<td>$2061.8</td>
<td>$2000.00</td>
<td>$206.1K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">22</td>
</tr>
</tbody>
</table>

<h3>About Booking Holdings</h3>
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.
Having examined the options trading patterns of Booking Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Booking Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 115,632, with BKNG's price up by 1.33%, positioned at $4031.86.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 44 days.</li>
</ul>
<h3>What The Experts Say On Booking Holdings</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $4022.5.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Booking Holdings with a target price of $4200. </li>
<li>An analyst from Jefferies downgraded its action to Hold with a price target of $4200. </li>
<li>An analyst from Truist Securities downgraded its action to Hold with a price target of $4100. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $3590. </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 Booking Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

BKNG

Market Whales and Their Recent Bets on BKNG Options

Financial giants have made a conspicuous bullish move on Royal Caribbean Gr. Our analysis of options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 0% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $361,785, and 3 were calls, valued at $202,292.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $185.0 for Royal Caribbean Gr during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Royal Caribbean Gr options trades today is 304.86 with a total volume of 380.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Royal Caribbean Gr's big money trades within a strike price range of $145.0 to $185.0 over the last 30 days.
<h3>Royal Caribbean Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597827_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$25.5</td>
<td>$22.6</td>
<td>$23.75</td>
<td>$175.00</td>
<td>$237.5K</td>
<td>1</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$36.4</td>
<td>$33.8</td>
<td>$35.0</td>
<td>$145.00</td>
<td>$119.0K</td>
<td>78</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$13.0</td>
<td>$12.25</td>
<td>$12.68</td>
<td>$185.00</td>
<td>$48.1K</td>
<td>70</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$20.4</td>
<td>$18.95</td>
<td>$19.75</td>
<td>$170.00</td>
<td>$35.5K</td>
<td>23</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.68</td>
<td>$2.5</td>
<td>$2.68</td>
<td>$180.00</td>
<td>$35.1K</td>
<td>1.7K</td>
<td style="text-align: right;">162</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 68 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021.
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a volume of 751,028, the price of RCL is down -0.72% at $168.52. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Royal Caribbean Gr</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $213.0.
<ul>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Royal Caribbean Gr, targeting a price of $213. </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 Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Royal Caribbean Gr's Options Market Dynamics

WIIM

Hawaiian Holdings shares are trading higher after the U.S. Department of Transportation granted the company and Alaska Air Group temporary exemption for common ownership under Alaska Air Group, pending a final decision on the route authority transfer.

<a href="https://www.regulations.gov/document/DOT-OST-2024-0084-0005" title="https://www.regulations.gov/document/DOT-OST-2024-0084-0005">https://www.regulations.gov/document/DOT-OST-2024-0084-0005</a>
<a href="https://www.regulations.gov/document/DOT-OST-2024-0084-0005" title="https://www.regulations.gov/document/DOT-OST-2024-0084-0005">https://www.regulations.gov/document/DOT-OST-2024-0084-0005</a>

U.S. Department Of Transportation Grants Alaska Airlines And Hawaiian Airlines Temporary Exemption For Common Ownership Under Alaska Air Group, Pending Final Decision On Route Authority Transfer

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has successfully fueled Japan&#8217;s record land price appreciation for the second year, reflecting the importance of the projects on the economy.
The contract chipmaker&#8217;s new chip plants on the southern island of Kyushu have been instrumental in driving up land prices by 33.3%, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-17/tsmc-plants-fuel-japan-s-biggest-land-price-rises-for-2nd-year?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> Ministry of Land, Infrastructure, Transport and Tourism data.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36821337/tsmc-reportedly-expands-in-japan-with-a-second-plant-investing-billions-and-shaping-the-future-o" rel="noreferrer noopener">Prior reports indicated</a> Taiwan Semiconductor was eying a second Japanese plant in Kumamoto, potentially investing $13.5 billion after making its debut in the country with a wafer factory worth $8.6 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40790997/taiwan-semiconductors-strong-august-sales-hint-at-big-gains-ahead-ai-and-iphone-demand-fuel-optimism" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Strong August Sales Hint at Big Gains Ahead, AI and iPhone Demand Fuel Optimism</a>
It also plans a third advanced chipmaking plant in Japan, worth $20 billion, in Kumamoto prefecture, to produce 3-nanometer chips as Japan overhauls its chip strategy.
Taiwan Semiconductor stock has risen over 88% in the last 12 months as the Big Techs, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), remain invested in their artificial intelligence technology ambitions.
Recently Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>)-owned Samsung Foundry lost a Google smartphone deal to Taiwan Semiconductor due to <a target="_blank" href="https://www.benzinga.com/news/24/09/40833611/google-picks-taiwan-semiconductor-for-pixel-chips-samsung-loses-key-deal-report" rel="noreferrer noopener">Samsung&#8217;s outdated technology</a>.
Investors can gain exposure to Taiwan Semiconductor through SPDR S&amp;P Emerging Asia Pacific ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMF#NYSE">GMF</a>) and ProShares Nanotechnology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TINY#NYSE">TINY</a>).
Price Action: TSM stock is down 1.14% at $167.16 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Intel Stock On Tuesday?</a></li>
</ul>
Photo by Jack Hong via Shutterstock

Government

Regulations

Tech

Media

AMZN

GOOG

GOOGL

MSFT

SSNLF

TINY

Taiwan Semiconductor Fuels Japan's Land Boom With New Chip Plants: Report

In a notable shift, the Drug Enforcement Administration (DEA) has acknowledged the legitimacy of a new two-part test to determine a substance's accepted medical use, particularly in relation to marijuana. As <a href="https://www.marijuanamoment.net/dea-acknowledges-new-two-step-test-for-marijuanas-accepted-medical-use-is-legitimate/">reported</a> by Marijuana Moment, this development, embedded in a recent <a href="https://www.federalregister.gov/documents/2024/09/17/2024-21058/schedules-of-controlled-substances-temporary-placement-of-n-pyrrolidino-metonitazene-and#:~:text=In%20a%20recent%20published%20letter,by%20licensed%20health%20care%20providers">notice</a> about synthetic opioid scheduling, could have significant implications for the ongoing <a href="https://www.benzinga.com/topic/cannabis-rescheduling">cannabis rescheduling</a> process.
Traditionally, the DEA relied on a five-part test to evaluate whether a drug had a &#8220;currently accepted medical use&#8221;, but earlier this year, the Department of Health and Human Services (HHS) introduced a simplified two-part analysis. This analysis played a key role in the HHS recommendation to reschedule cannabis from Schedule I to Schedule III under the <a href="https://www.benzinga.com/topic/controlled-substances-act">Controlled Substances Act</a>.
<h3 class="wp-block-heading">The New Two-Part Test</h3>
The revised test focuses on two key questions: whether licensed healthcare providers currently use the substance in medical treatment within legally authorized jurisdictions and whether there is credible scientific support for at least one medical condition for which the substance is used.
This streamlined approach contrasts with the previous five-part test, which required detailed evaluations of the drug's chemistry, safety studies, efficacy, expert acceptance and the availability of scientific evidence.
In a <a href="https://www.dea.gov/sites/default/files/2024-05/2024-04-11%20-%20AAG%20Fonzone%20-%20Marijuana%20Rescheduling.pdf">footnote</a>, the DEA acknowledged that the Department of Justice's Office of Legal Counsel (OLC) found the five-part test to be &#8220;impermissibly narrow&#8221; and concluded that the two-part analysis was sufficient to determine a drug&#8217;s medical use—even if it hadn&#8217;t been approved by the FDA. The OLC further emphasized that the DEA must defer to HHS's scientific and medical determinations during the rescheduling process.
<h3 class="wp-block-heading">Resistance And Criticism</h3>
Despite the DEA's acknowledgment of the new test, opponents of marijuana reform, such as the group Smart Approaches to Marijuana, argue that the two-part standard is unjustified and politically motivated. Some suggest that the revised analysis could be a point of contention in potential legal challenges to the rescheduling decision.
Legal experts like Shane Pennington, an attorney specializing in federal administrative law, view the DEA's acceptance as significant. Pennington explained that the DEA is &#8220;bound by OLC on legal issues,&#8221; meaning that the agency must adhere to the two-part review, despite any internal resistance.
<h3 class="wp-block-heading">Implications For Future Drug Scheduling</h3>
The DEA's recognition of this new standard may not only impact marijuana's rescheduling but could also set a precedent for future drug scheduling decisions, such as those concerning psychedelics like <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a>. If those substances are up for review, the DEA would likely apply the same two-part analysis.
The rescheduling of marijuana remains pending, with the DEA scheduling an <a href="https://www.benzinga.com/markets/cannabis/24/08/40567326/dea-delays-cannabis-rescheduling-decision-until-after-november-presidential-election">administrative hearing in December</a> 2024 to gather additional input before potentially finalizing the rule. The outcome could extend into January 2025, allowing the next presidential administration to influence the process.
Cover image made with AI

Cannabis

Psychedelics

DEA Endorses New, Simplified Test To Determine Marijuana's Medical Uses Amid Rescheduling Debate: Could It Also Apply To Psychedelics?

Launched on 06/19/2006, the SPDR S&amp;P Regional Banking ETF (ARCA:KRE) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.
<h2>What Are Smart Beta ETFs?</h2>
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is sponsored by State Street Global Advisors. It has amassed assets over $3.25 billion, making it one of the largest ETFs in the Financials ETFs. Before fees and expenses, this particular fund seeks to match the performance of the S&amp;P Regional Banks Select Industry Index.
The S&amp;P Regional Banks Select Industry Index represents the regional banks segment of the S&amp;P Total Market Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.35% for KRE, making it one of the least expensive products in the space.
It&#39;s 12-month trailing dividend yield comes in at 2.79%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
For KRE, it has heaviest allocation in the Financials sector --about 100% of the portfolio.
When you look at individual holdings, Western Alliance Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) accounts for about 2.46% of the fund&#39;s total assets, followed by Columbia Banking System Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/colb#NASDAQ">COLB</a>) and Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>).
Its top 10 holdings account for approximately 22.73% of KRE&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, KRE has added roughly 9.31%, and was up about 32.96% in the last one year (as of 09/17/2024). During this past 52-week period, the fund has traded between $38.57 and $59.23.
The fund has a beta of 1.07 and standard deviation of 30.92% for the trailing three-year period, which makes KRE a high risk choice in this particular space. With about 143 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
SPDR S&amp;P Regional Banking ETF is not a suitable option for investors seeking to outperform the Financials ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
Invesco KBW Regional Banking ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kbwr#NASDAQ">KBWR</a>) tracks KBW Nasdaq Regional Banking Index and the iShares U.S. Regional Banks ETF (ARCA:IAT) tracks Dow Jones U.S. Select Regional Banks Index. Invesco KBW Regional Banking ETF has $52.29 million in assets, iShares U.S. Regional Banks ETF has $640.56 million. KBWR has an expense ratio of 0.35% and IAT charges 0.40%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Financials ETFs.
<a href="https://www.zacks.com/stock/news/2336916/is-spdr-s-p-regional-banking-etf-kre-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2336916">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Sector ETFs

Dividends

ETFs

COLB

iShares Dow Jones US Regional Banks Index Fund

KBWR

Is SPDR S&P Regional Banking ETF a Strong ETF Right Now?

Welltower's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) short percent of float has risen 13.4% since its last report. The company recently reported that it has 11.00 million shares sold short, which is 2.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Welltower Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Welltower has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Welltower's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Welltower's peer group average for short interest as a percentage of float is 7.29%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

WELL

How Is The Market Feeling About Welltower?

CubeSmart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) short percent of float has risen 9.57% since its last report. The company recently reported that it has 4.18 million shares sold short, which is 2.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CubeSmart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596915_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CubeSmart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CubeSmart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CubeSmart's peer group average for short interest as a percentage of float is 4.13%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

CUBE

Peering Into CubeSmart's Recent Short Interest

Charles Schwab's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) short percent of float has fallen 8.57% since its last report. The company recently reported that it has 15.96 million shares sold short, which is 0.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Charles Schwab Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Charles Schwab has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Charles Schwab's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Charles Schwab's peer group average for short interest as a percentage of float is 3.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SCHW

Peering Into Charles Schwab's Recent Short Interest

OMEX

Odyssey Marine Exploration Shares Halted To The Downside; Stock Now Down -5.13%

Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fyc#NASDAQ">FYC</a>) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
<h2>What Are Smart Beta ETFs?</h2>
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is sponsored by First Trust Advisors. It has amassed assets over $328.59 million, making it one of the average sized ETFs in the Style Box - Small Cap Growth. Before fees and expenses, this particular fund seeks to match the performance of the Nasdaq AlphaDEX Small Cap Growth Index.
The NASDAQ AlphaDEX Small Cap Growth Index is an enhanced which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Growth Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.70% for FYC, making it one of the most expensive products in the space.
It&#39;s 12-month trailing dividend yield comes in at 0.41%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
For FYC, it has heaviest allocation in the Healthcare sector --about 22.90% of the portfolio --while Industrials and Information Technology round out the top three.
When you look at individual holdings, Adma Biologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adma#NASDAQ">ADMA</a>) accounts for about 0.92% of the fund&#39;s total assets, followed by Mirum Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mirm#NASDAQ">MIRM</a>) and Zeta Global Holdings Corp. (class A) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zeta#NYSE">ZETA</a>).
Its top 10 holdings account for approximately 7.9% of FYC&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, FYC has added roughly 16.21%, and was up about 25.24% in the last one year (as of 09/17/2024). During this past 52-week period, the fund has traded between $51.50 and $73.05.
The fund has a beta of 1.18 and standard deviation of 24.03% for the trailing three-year period, which makes FYC a high risk choice in this particular space. With about 265 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Small Cap Growth AlphaDEX ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Growth segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 2000 Growth ETF (ARCA:IWO) tracks Russell 2000 Growth Index and the Vanguard Small-Cap Growth ETF (ARCA:VBK) tracks CRSP U.S. Small Cap Growth Index. IShares Russell 2000 Growth ETF has $11.60 billion in assets, Vanguard Small-Cap Growth ETF has $17.61 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Growth.
<a href="https://www.zacks.com/stock/news/2336915/is-first-trust-small-cap-growth-alphadex-etf-fyc-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2336915">To read this article on Zacks.com click here.</a>

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Is First Trust Small Cap Growth AlphaDEX ETF a Strong ETF Right Now?

Taylor Swift's endorsement of Kamala Harris could serve as a key moment in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election</a> and has angered several Trump supporters, including Tesla CEO Elon Musk who caught the attention of Swift fans with a reaction post.
What Happened: Former Democratic presidential nominee Hillary Clinton is among the people responding to a post made by Musk <a href="https://www.benzinga.com/general/entertainment/24/09/40807445/taylor-swift-says-i-will-be-casting-my-vote-for-kamala-harris-and-tim-walz-takes-a-dig-at-j">about Swift's endorsement</a> of Harris.
"Fine Taylor…you win… I will give you a child and guard your cats with my life," Musk <a href="https://x.com/elonmusk/status/1833728804579111268">tweeted</a>.
Clinton said the comments, which may have suggested that Musk would impregnate the singer, were "rotten and creepy."
"Kind of another way of saying rape I think," Clinton said on Kara Swisher's <a href="https://open.spotify.com/episode/5GIjGg7fAmY7niDXlkRLMq">podcast</a>, as reported by <a href="https://variety.com/2024/music/news/hillary-clinton-slams-elon-musk-offer-impregnate-taylor-swift-1236146564/">Variety</a>. "I can't understand why he says what he says. It just is beyond my imagination."
The former presidential candidate, who lost the 2016 election to Donald Trump, said Swift's endorsement was always going to "trigger" Trump and the timing likely led to the former president's social media reaction of "I HATE TAYLOR SWIFT!"
"The fact that it happened right after the debate and just added to Kamala's momentum must have just set them all off," Clinton added.
Clinton said Swift's endorsement could have a real impact and comes from someone who has stood up to others throughout her career and has been proven successful.
"So-called masters of the universe in the technology world… misogyny is such a part of their worldview, and they gravitate toward toughness and brutality and machoism. And here's Taylor Swift, a self-made billionaire who brings joy to people and who imparts life lessons, particularly to girls and women. They can't stand it."
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091724">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Clinton on Dangerous Trump: Clinton also recently called out the dangers of Trump running for president and potentially returning to the White House.
"I believe Donald Trump has disqualified himself over and over again to be a presidential candidate, let alone a president," Clinton <a href="https://www.youtube.com/watch?v=cxrngjBER3E">told </a>Rachel Maddow.
Clinton argued that Americans should take Trump seriously and literally regarding his remarks, including his comment about being &#8220;a dictator on day one.&#8221;
"Trump is counting on people to get desensitized."
Clinton hopes that more Americans are realizing that the country can't go back to the way it was under Trump, when there was a "romance with dictators" and the president failed to protect people during the COVID-19 pandemic.
"We can't go back and give this very dangerous man another chance to do harm to our country and the world."
Clinton told voters to take Trump at his word "and be outraged by what he represents."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">Trump Shakes Off Taylor Swift&#8217;s Harris Endorsement In 2024 Election: &#8216;She&#8217;ll Probably Pay A Price For It In The Marketplace&#8217;</a></li>
</ul>
Photo: Shutterstock

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