Berenson Acquisition Corp Stock (AMEX: BACA)

Berenson Acquisition Corp (AMEX:BACA) Stock, Quote.Headers.trade-ideas

Berenson Acquisition Corp I is a newly incorporated blank check company.

Berenson Acquisition Corp. I Class A Common Stock

Berenson Acquisition Corp I

Berenson Acquisition Corp I Warrants (01/08/2026)

WIIM

REE Automotive shares are trading higher after the company announced that it selected Roush Industries to assemble P7 vehicles at Roush's Detroit-area factory.

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight and maintains $200 price target.</p>


News

Price Target

Reiteration

Analyst Ratings

Cantor Fitzgerald Reiterates Overweight on Wix.com, Maintains $200 Price Target

<p>Barrington Research  analyst Vincent Colicchio   maintains TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) with a Outperform and maintains $138 price target.</p>


Barrington Research Maintains Outperform on TD Synnex, Maintains $138 Price Target

<p>Barrington Research  analyst Vincent Colicchio   maintains Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) with a Outperform and maintains $84 price target.</p>


CNXC

Barrington Research Maintains Outperform on Concentrix, Maintains $84 Price Target

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a Overweight and maintains $90 price target.</p>


UBER

Cantor Fitzgerald Reiterates Overweight on Uber Technologies, Maintains $90 Price Target

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Neutral and maintains $110 price target.</p>


Cantor Fitzgerald Reiterates Neutral on Trade Desk, Maintains $110 Price Target

<p>Barrington Research  analyst Michael Petusky   maintains Haemonetics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAE#NYSE">HAE</a>) with a Outperform and maintains $108 price target.</p>


Barrington Research Maintains Outperform on Haemonetics, Maintains $108 Price Target

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) with a Underweight and maintains $12 price target.</p>


TRIP

Cantor Fitzgerald Reiterates Underweight on Tripadvisor, Maintains $12 Price Target

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Neutral and maintains $340 price target.</p>


SPOT

Cantor Fitzgerald Reiterates Neutral on Spotify Technology, Maintains $340 Price Target

<p>Barclays  analyst Ramsey El-Assal   maintains Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a Equal-Weight and raises the price target from $118 to $132.</p>


PAYX

Barclays Maintains Equal-Weight on Paychex, Raises Price Target to $132

<p><a href="https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers" title="https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers">https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers</a></p>


Macro Economic Events

Economics

Federal Reserve

Fed's Goolsbee Says Consumer Sentiment Is Not A Good Indicator For Spending Behavior

<p>Barclays  analyst Ramsey El-Assal   maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Overweight and raises the price target from $146 to $173.</p>


MSTR

Barclays Maintains Overweight on MicroStrategy, Raises Price Target to $173

<p><strong>Uranium Energy Corp.</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) shares are trading higher on Monday. The company disclosed a deal to fully acquire <strong>Rio Tinto Plc</strong>&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) Wyoming assets <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40975965/uranium-energy-corp-expands-u-s-production-capacity-with-acquisition-of-rio-tintos-sweetwater-plan" rel="noreferrer noopener">for a purchase price of $175 million</a>.</p>
<p>As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources.</p>
<p>The Sweetwater Plant, with a 3,000-ton-per-day capacity and licensed for 4.1 million pounds annually, can be adapted for both ISR and conventional mining, offering UEC production flexibility.</p>
<p>UEC&#8217;s available liquidity will cover the purchase price. UEC controls 12 uranium projects in Wyoming&#8217;s Great Divide Basin.</p>
<p>The acquisition provides a valuable asset base, saving time and costs compared to building a new facility or gathering geological data.</p>
<p>This transaction provides a rare opportunity to acquire licensed uranium facilities from a global leader, accelerating UEC&#8217;s production in the Great Divide Basin.</p>
<p>The buyout adds 175 million pounds of uranium resources, valued below UEC&#8217;s current trading levels. Half are suited for ISR mining, prioritized for near-term production, while conventional resources offer potential for future growth.</p>
<p>Amir Adnani, President and CEO, said, &#8220;These assets will unlock tremendous value by establishing our third hub-and-spoke production platform and cement UEC as the leading uranium developer in&nbsp;Wyoming&nbsp;and the U.S.&#8221;</p>
<p>&#8220;We&#8217;re witnessing unprecedented global growth in nuclear energy and demand for uranium as demonstrated by the recently proposed Three Mile Island restart in support of Microsoft&#8217;s AI growth.&#8221;</p>
<p>&#8220;The Russian uranium ban and recent comments by Russian government officials regarding restricting future uranium exports to the west underscore the critical importance of maintaining reliable domestic supply chains to power our growing requirements for clean baseload energy.&#8221;</p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>Sprott Junior Uranium Miners ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URNJ#NASDAQ">URNJ</a>).</p>
<p><strong>Price Action</strong>: UEC shares are up 5.32% at $5.835 at the last check Monday.</p>
<p><em>Image via Shutterstock</em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/40981254" target="_blank" rel="noreferrer noopener">Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns: China EV Stocks Fall</a></strong></li>
</ul>


Equities

Large Cap

Movers

URNJ

Uranium Energy Strikes $175M Deal To Acquire Rio Tinto's Wyoming Assets

<p><a href="https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers">https://www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers</a></p>
<p>&nbsp;</p>


Fed's Goolsbee Says Surprisingly High And Stable Amount Of Demand For Cash, Though The Cash Share Of All Transactions Is Down

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Neutral and maintains $8 price target.</p>


SNAP

Cantor Fitzgerald Reiterates Neutral on Snap, Maintains $8 Price Target

<p>Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.</p>
<p>Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.</p>
<p>We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:</p>
<h3><strong>SPDR S&amp;P 500 ETF Trust</strong></h3>
<p>The SPY is currently trading around our key level of 567.81. For the bulls, we are targeting an initial move higher towards 569.16. If buying strength persists and this level is reclaimed, we expect the next upside target to be 569.98. Should 569.98 hold during the regular session, a further push could take the price to 571.06. Our highest bullish objective for SPY today stands at 572.15.</p>
<p>On the downside, if 567.81 fails to hold as support, bears could challenge the strength of 566.46. A breakdown from this level might see a decline to 565.38. If sellers continue to dominate, we may see further downside pressure toward 564.29. Should today&#39;s session intensify with selling, the lowest bear target for SPY is set at 563.23.</p>
<h3><strong>Invesco QQQ Trust Series 1</strong></h3>
<p>The Q&#39;s are hovering near our critical level of 481.73. Bullish momentum would need to push the price above this level for a move higher towards 483.95. If 483.95 is captured as a firm support, buyers could aim for 486.10. Should the market continue to rally, we expect the next level of resistance to come in at 487.69. The ultimate bull target for today is set at 490.05.</p>
<p>If the auction struggles to maintain 481.73 during today&#39;s session, we expect the bears to take control and push the price lower to 479.03. If selling continues, look for further tests of support at 476.85. A failure here could bring about a move to 474.66, with the low bear target for the Q&#39;s placed at 471.33 if the downtrend persists.</p>
<h3><strong>Apple Inc.</strong></h3>
<p>Apple is currently auctioning around the level of 227.82. A bullish breakout above this key level could see the price heading toward 229.03. Continued buying pressure could lead to a test of 230.25, with buyers looking to maintain control. If momentum carries through, we expect the price to move toward our high bull target for the day at 231.76.</p>
<p>Should 227.82 break down during regular trading hours, bears may take charge, testing lower support at 226.90. Further downside pressure could result in a drop to 226.08. If sellers maintain control, the next target would be 225.31. If the selloff intensifies, we are looking for the price to hit the low bear target for Apple at 223.87.</p>
<h3><strong>Microsoft Corp.</strong></h3>
<p>Microsoft is trading near our pivotal level of 432.49. Bulls will need to hold this level to push higher, aiming for 434.49 to act as a support level during the session. If buying pressure builds, we anticipate a move towards 435.79. A continued uptrend could push Microsoft to the high bull target of 437.10.</p>
<p>If the market cannot hold 432.49 as support, we expect bears to take the price lower, first testing 431.25. A break below this level could open the door for further downside to 430.25. Should the selling continue, we may see a test of 429.25, with the lowest bear target set at 428.48.</p>
<h3><strong>NVIDIA Corporation</strong></h3>
<p>NVIDIA is auctioning near the level of 116.61. Bulls are looking to reclaim 117.86 and establish it as support. If they succeed, this could pave the way for an upward move to 119.44. Strong buying pressure could see the price reaching 120.27, with the high bull target for the day sitting at 121.97.</p>
<p>If 116.61 does not hold as support, we anticipate a bearish test at 115.83. A breakdown from here could lead to further declines toward 115.15. Should sellers maintain control, a test at 114.29 is likely. If the sell-off deepens, NVIDIA may fall to the low bear target of 113.68.</p>
<h3><strong>Alphabet Inc Class A</strong></h3>
<p>Alphabet is trading around 163.79, and for the bulls to gain control, they need to push the price up to 165.41 and hold it as support. If the auction is strong, we anticipate a move toward 167.04, which is our high bull target for the day.</p>
<p>If 163.79 is lost as support, the bears are likely to push the price lower, targeting 161.79. Should the selloff intensify, the next downside objective is 160.36. If bearish momentum continues, we are looking for a test of the low bear target at 158.54.</p>
<h3><strong>Meta Platforms Inc</strong></h3>
<p>Meta is currently trading near 565.53. Bulls will need to hold this level and push higher to 573.25 for a potential upside continuation. If buying momentum holds, a rally could bring the price to 580.17. If the bullish momentum persists, we anticipate a move toward the high bull target for the day at 585.73.</p>
<p>If 565.53 is breached during today&#39;s session, bears could take the price lower to 559.29. A continuation of the downtrend may see further selling pressure pushing the price to 553.05. If this level breaks, we expect Meta to fall to the low bear target of 548.44.</p>
<h3><strong>Tesla Inc.</strong></h3>
<p>Tesla is trading near our key level of 242.49. Bulls will need to push the price above this level to see a rally towards 243.98. Continued buying momentum could bring the price up to 246.16. If the broader market supports a bullish rally, Tesla could test higher at 248.37. The high bull target for the day stands at 250.25.</p>
<p>On the downside, if 242.49 fails to hold, we expect a test of lower support at 239.92. A breakdown from this level could result in a drop to 238.50. Should the selloff continue, the bears could push Tesla to the low bear target at 235.74.</p>
<p>Final Word:Today&rsquo;s trading session is filled with economic indicators that could influence market direction. At 8:30 AM ET, we begin with the Chicago Fed National Activity Index for August, which provides a broad measure of economic activity. At 9:45 AM ET, the focus shifts to the S&amp;P Global Manufacturing PMI, offering insights into September&#39;s production and business conditions. These reports may play a crucial role in shaping the market&#39;s tone early on.</p>
<p>Fed commentary will also be a key driver of market sentiment, with multiple speeches scheduled throughout the day. Bostic, a voting member, speaks at 8:00 AM ET, followed by Goolsbee at 10:15 AM ET and Kashkari at 1:00 PM ET. Keep an eye on their remarks as any hints on monetary policy or economic outlook could stir volatility. It&rsquo;s essential to monitor volume and market reactions closely, as these events are likely to generate quick and significant price movements. Stay alert and trade safely.</p>
<p>The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.</p>
<p>Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.</p>
<p>For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.</p>
<p class="contributor-disclaimer"><em>This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.</em></p>


Markets

Trading Ideas

General

Market Clubhouse Morning Memo - September 23rd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

<p>Eighty percent of the metal and mining industry's revenues are derived from just five materials: steel, thermal coal, copper, gold, and aluminum, according to <a href="https://www.benzinga.com/topic/expert-ideas">a recent McKinsey report</a>. </p>
<p>Steel and thermal coal alone account for 60%–70% of revenues, driven by their massive production volumes of 7 billion tons of coal and 2 billion tons of steel. Copper, gold, and aluminum contribute another 15%–20% of total revenues, with copper playing a particularly crucial role in the energy transition.</p>
<h2 class="wp-block-heading">Rise Of Lithium And Nickel In EV Boom</h2>
<p>Lithium and nickel are expanding rapidly, driven by the surge in demand for electric vehicles and battery storage. Lithium production outpaced expectations, largely due to investments from Australia, the U.S., and China, while Indonesia&#8217;s nickel production is bolstered by high-pressure acid leach technology.</p>
<p>Copper, a critical metal for electrical infrastructure and renewable energy technologies, needs to catch up, McKinsey said. Declining production from existing mines and delays in new projects have exacerbated this lag, threatening to create a <a href="https://www.benzinga.com/news/large-cap/24/09/40959939/copper-m-a-frenzy-masks-greenfield-exploration-weakness-is-ai-to-blame">supply-demand imbalance</a>.</p>
<p>Rare earth elements, essential for technologies like wind turbines and electric vehicles, are also projected to see strong growth in demand. Still, McKinsey estimates their market size to be relatively small – under $20 billion, but vital for magnets and other high-tech components.</p>
<h2 class="wp-block-heading">Trillions In Investment Needed To Meet Future Demand</h2>
<p>To meet this rising demand by 2035, the industry will require a significant capital investment of $5.4 trillion. These investments are essential not only for scaling production, but also for decarbonizing the sector itself. Additionally, infrastructure development, skilled labor, and water availability will play pivotal roles in ensuring the supply chain keeps pace with demand.</p>
<p>This capex would create 270 gigawatts (GW) of power and approximately 340,000 new jobs globally. Although these job numbers seem promising, McKinsey notes that a slow phaseout of thermal coal puts 1.25 million jobs at risk.</p>
<h2 class="wp-block-heading">Financial Outlook And Copper Supply Challenge</h2>
<p>The research also shows that the industry's finances are solid. Revenues grew by around $2.4 trillion between 2020 and 2023, EBITDA nearly doubled from $500 billion to $900 billion, and balance sheets remain strong, with net debt over EBITDA of 1.3x—well below the through-cycle average of 1.8x.</p>
<p>One of the key challenges identified is copper&#8217;s supply shortage, as current prices are insufficient to incentivize the necessary investment in new mining projects. McKinsey suggests that copper prices need to rise by 20% to stimulate enough supply to meet future demand. With this increase, the energy transition could avoid significant delays, particularly in critical infrastructure like electrical grids and renewable energy installations, which heavily depend on this metal.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40963177/us-department-of-energy-to-invest-3b-in-battery-production"><strong>US Department Of Energy To Invest $3B in Battery Production</strong></a></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Commodities

Mining Industry Needs $5.4 Trillion In Investments To Meet 2035 Demand, McKinsey Says

<p>Cantor Fitzgerald  analyst Deepak Mathivanan   reiterates Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and maintains $70 price target.</p>


SHOP

Cantor Fitzgerald Reiterates Neutral on Shopify, Maintains $70 Price Target

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>GE Vernova</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</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 GEV, 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 25 uncommon options trades for GE Vernova.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 32% bullish and 48%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $242,923, and 21 are calls, for a total amount of $1,527,409.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $280.0 for GE Vernova over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GE Vernova's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GE Vernova's substantial trades, within a strike price spectrum from $150.0 to $280.0 over the preceding 30 days.</p>
<h3>GE Vernova Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727102751_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>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$14.9</td>
<td>$14.8</td>
<td>$14.9</td>
<td>$250.00</td>
<td>$296.5K</td>
<td>2.8K</td>
<td style="text-align: right;">269</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$14.1</td>
<td>$13.4</td>
<td>$13.9</td>
<td>$270.00</td>
<td>$166.8K</td>
<td>156</td>
<td style="text-align: right;">421</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.0</td>
<td>$5.9</td>
<td>$6.0</td>
<td>$240.00</td>
<td>$136.8K</td>
<td>348</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$15.5</td>
<td>$15.2</td>
<td>$15.2</td>
<td>$250.00</td>
<td>$121.6K</td>
<td>2.8K</td>
<td style="text-align: right;">361</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$20.6</td>
<td>$19.7</td>
<td>$20.6</td>
<td>$240.00</td>
<td>$108.6K</td>
<td>2.5K</td>
<td style="text-align: right;">54</td>
</tr>
</tbody>
</table>
</p>
<h3>About GE Vernova</h3>
<p>GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.</p>
<p>Following our analysis of the options activities associated with GE Vernova, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of GE Vernova</h3>
<ul>
<li>Currently trading with a volume of 827,782, the GEV's price is up by 2.82%, now at $252.37. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 30 days.</li>
</ul>
<h3>What The Experts Say On GE Vernova</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 $254.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for GE Vernova, targeting a price of $293.<br />
&#x2A; Reflecting concerns, an analyst from Jefferies lowers its rating to Buy with a new price target of $261.<br />
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for GE Vernova, targeting a price of $256.<br />
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for GE Vernova, targeting a price of $220.<br />
&#x2A; An analyst from JP Morgan persists with their Overweight rating on GE Vernova, maintaining a target price of $240. </p>
<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 GE Vernova, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Smart Money Is Betting Big In GEV Options

<p>High-rolling investors have positioned themselves bullish on Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in C often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for Citigroup. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 44% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $25,600, and 8 calls, totaling $378,279.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $72.5 for Citigroup over the last 3 months. </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 Citigroup's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Citigroup's substantial trades, within a strike price spectrum from $55.0 to $72.5 over the preceding 30 days.</p>
<h3>Citigroup Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727102746_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><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$0.52</td>
<td>$0.54</td>
<td>$0.52</td>
<td>$72.50</td>
<td>$112.0K</td>
<td>1.1K</td>
<td>2.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.35</td>
<td>$1.31</td>
<td>$1.35</td>
<td>$70.00</td>
<td>$72.2K</td>
<td>56.5K</td>
<td>682</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.25</td>
<td>$8.1</td>
<td>$8.16</td>
<td>$55.00</td>
<td>$40.8K</td>
<td>3.4K</td>
<td>53</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.75</td>
<td>$70.00</td>
<td>$37.5K</td>
<td>10.6K</td>
<td>5</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$1.95</td>
<td>$1.92</td>
<td>$1.95</td>
<td>$61.00</td>
<td>$36.6K</td>
<td>2.5K</td>
<td>722</td>
</tr>
</tbody>
</table>
</p>
<h3>About Citigroup</h3>
<p>Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.</p>
<p>After a thorough review of the options trading surrounding Citigroup, 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 Citigroup</h3>
<ul>
<li>Trading volume stands at 1,975,588, with C's price up by 1.05%, positioned at $62.8.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>Expert Opinions on Citigroup</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $71.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Citigroup, targeting a price of $71. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Citigroup with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


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