Baidu (OTC:BAIDF) Stock, Quote.Headers.trade-ideas

Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Electric vehicle Photo by Quality Stock Arts on Shutterstock

News

Tech

BAIDF

BIDU

GELYF

TSLA

The Jiyue 01, an EV resulting from the collaboration between Zhejiang Geely Holding Group Co. and Baidu Inc, was launched on Friday.

Geely And Baidu&#39;s Joint Venture Unveils Jiyue 01 EV, Priced Competitively Below Tesla Model Y

Baidu Inc

<a href="https://x.com/adamfeuerstein/status/1837184281321345356" title="https://x.com/adamfeuerstein/status/1837184281321345356">https://x.com/adamfeuerstein/status/1837184281321345356</a>

Trading Ideas

SAVA

Watching Cassava Science Shares; Adam Feuerstein Tweets 'Uh oh... Matt Nachtrab, the retail investor who bought $70M of $SAVA, is starting to sell his stake.'

HC Wainwright &amp; Co. analyst Emily Bodnar maintains Purple Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPBT#NASDAQ">PPBT</a>) with a Buy, adjusts target to $33 from $8 (1-20 Reverse Stock Split).

Price Target

Analyst Ratings

PPBT

HC Wainwright & Co. Maintains Buy on Purple Biotech, Adjusts Price Target To $33 (1-20 Reverse Stock Split)

Wells Fargo analyst Zachary Fadem maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Equal-Weight and raises the price target from $160 to $165.

Wells Fargo Maintains Equal-Weight on Darden Restaurants, Raises Price Target to $165

If you can flash back to basic physics classes without opening traumatic wounds, you will remember the three laws of motion. They apply to market and stock trends just as much as they do in the physical world.
Rumors, stories, or dozens of other sources can create momentum by causing buying pressure to overwhelm sellers and drive a higher stock price.
We see it all the time in small stocks, especially clinical-stage biotechs.
A story begins to circulate about cancer-killing drugs or treatments that allow one to maintain a diet of bonbons, donuts, and double bacon cheeseburgers, as well as chain-smoking two packs a day but live forever.
When the story proves to be untrue, traders dump the stock, buyers disappear, and the price collapses.
That is not to say that price momentum is unimportant or not a wildly profitable strategy for buying stocks.
It very much is, and almost all the biggest winners in stock market history had powerful momentum.
However, that momentum did not result from stories, rumors, manipulation, or other forces with no staying power.
Instead, research shows that there's a secret to finding companies with the most powerful momentum…
Remember that force determines the strength of motion.
Trends, like anything else, remain in motion as long as there is a force providing the energy needed to sustain movement against friction.
A powerful force needs to drive the price for momentum to drive a stock to continual new highs and allow investors to cash in huge profits.
There needs to be a continual stream of new information that attracts buyers.
That powerful stream of information is fundamental.
The company needs to be constantly improving.
Sales need to be rising quickly.
Those sales need to be turned into rapidly growing profits.
The company must constantly exceed the expectations of the analysts and institutional investors that control massive amounts of buying power.
In 2021, professors from universities in Asia and the United States collaborated on a research paper titled &#8220;Twin Momentum: Fundamental Trends Matter.&#8221;
They found that the secret to identifying potential winners was finding companies with outstanding fundamentals that attracted massive buying interest and climbed higher almost continuously for a long time.
Think about some of the biggest market winners of the last few years.
NVIDIA (NVDA) has been growing sales and earnings very rapidly, and institutional buyers are just pouring money into the stock.
The stock has climbed almost tenfold since it started attracting institutional buying as the market recovered in 2020.
It is not just the super sexy headline stocks that deliver these returns.
Consider Limbach Holdings (LMB), a stock I recommended to readers in early 2023.
The company is a relatively boring business that provides building contracting services, such as heating, ventilation, air conditioning, plumbing, electrical, and building controls, to design and construct new and renovated buildings.
They changed their business model from contractor-based to working directly with business owners, and profits exploded.
As the fundamentals improved, the stock attracted big money buying, soaring from under $12 to over $70 in less than 18 months.
I can go on for a long time with examples of previous winners, but that will not give you any ideas that will help you unlock massive gains in the future.
Let us look at some companies that have powerful fundamental momentum and are attracting buying interest that could push their stock prices to several multiples of the current quarter&#8217;s price.
I know the first Twin Momentum stock well. We (and by we, I mean my wife) usually make the food for our dogs, but when we are stretched for time, we will turn to the food produced by Freshpet (FRPT).
We are not the only ones who like the company&#8217;s products, as sales and prices are soaring.
The stock has steadily climbed higher, but profits are expected to continue climbing, taking the stock price higher as well.
Wall Street has continually underestimated this company as Freshpet has beaten analyst estimates by a huge margin in each of the last four quarters.
Analysts have been scrambling to keep up and getting higher estimates, another factor attracting more buying interest from institutions.
Health insurance is not usually considered a high-growth business, but Oscar Health (OSCR) is a company that is used to breaking the rules. The company focuses on technology to gain an advantage over competitors and provide a better experience for policyholders.
Revenues have been growing rapidly, and the company has turned the current situation into profitability.
The earnings gains in the future should be massive and drive the stock dramatically higher.
Wall Street has been optimistic about Oscar&#8217;s health prospects, but even that optimism has been too low.
The company has been exceeding analyst estimates every quarter, and analysts are racing to raise their estimates of Oscar Health&#8217;s profit potential.
This could be the start of a long run of long-term financial momentum, driving massive stock gains for investors.
A trend in motion will stay in motion as long as there is energy to drive it.
Twin momentum strategies can help you find the companies with the energy to keep climbing for a very long time.
There&#8217;s a new feature at Benzinga that allows you to get stock picks and new trades straight from our top experts. This includes the two Wall Street veteran traders. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9spmirebz44&amp;utm_source=RD-0920">Click here to upgrade your account and enjoy a new stream of profitable trades and investments</a>
Image Via Shutterstock

Opinion

How To Find Stocks That Will Soar For A Very Long Time

Oppenheimer analyst Martin Yang maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Outperform and raises the price target from $47 to $51.

Oppenheimer Maintains Outperform on Corning, Raises Price Target to $51

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$565.00</td>
<td>$25.4K</td>
<td>369</td>
<td>3.3K</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$39.6K</td>
<td>13.1K</td>
<td>1.7K</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$45.00</td>
<td>$70.5K</td>
<td>267</td>
<td>506</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$29.2K</td>
<td>923</td>
<td>373</td>
</tr>
<tr>
<td>CHTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$240.00</td>
<td>$30.1K</td>
<td>86</td>
<td>366</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$27.7K</td>
<td>1.6K</td>
<td>152</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$155.00</td>
<td>$49.5K</td>
<td>2.9K</td>
<td>67</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$80.00</td>
<td>$63.7K</td>
<td>525</td>
<td>25</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$440.00</td>
<td>$26.2K</td>
<td>175</td>
<td>5</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $565.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $253.0 per contract. There were 369 open contracts at this strike prior to today, and today 3318 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $170.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $198.0 per contract. There were 13155 open contracts at this strike prior to today, and today 1727 contract(s) were bought and sold. 
• For ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we notice a call option trade that happens to be bearish, expiring in 847 day(s) on January 15, 2027. This event was a transfer of 50 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $70.5K, with a price of $1410.0 per contract. There were 267 open contracts at this strike prior to today, and today 506 contract(s) were bought and sold. 
• Regarding TMUS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on October 18, 2024. Parties traded 75 contract(s) at a $200.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $390.0 per contract. There were 923 open contracts at this strike prior to today, and today 373 contract(s) were bought and sold. 
• Regarding CHTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), we observe a put option sweep with bullish sentiment. It expires in 182 day(s) on March 21, 2025. Parties traded 58 contract(s) at a $240.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $520.0 per contract. There were 86 open contracts at this strike prior to today, and today 366 contract(s) were bought and sold. 
• For RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 50 contract(s) at a $60.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $555.0 per contract. There were 1674 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• For TTWO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), we notice a call option sweep that happens to be bullish, expiring in 119 day(s) on January 17, 2025. This event was a transfer of 63 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $786.0 per contract. There were 2964 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a call option trade that happens to be bullish, expiring in 819 day(s) on December 18, 2026. This event was a transfer of 25 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $63.7K, with a price of $2550.0 per contract. There were 525 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 1 contract(s) at a $440.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $26200.0 per contract. There were 175 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ASTS

CHTR

GOOG

NFLX

RDDT

TMUS

TTWO

9 Communication Services Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$13.50</td>
<td>$50.0K</td>
<td>109</td>
<td>5.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$25.2K</td>
<td>24.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$67.50</td>
<td>$496.0K</td>
<td>64</td>
<td>1.0K</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$17.00</td>
<td>$143.0K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$47.50</td>
<td>$51.5K</td>
<td>2.2K</td>
<td>580</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$7.00</td>
<td>$46.5K</td>
<td>7.4K</td>
<td>412</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$42.1K</td>
<td>646</td>
<td>361</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$82.50</td>
<td>$243.9K</td>
<td>19</td>
<td>309</td>
</tr>
<tr>
<td>PRU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$90.2K</td>
<td>1.5K</td>
<td>153</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$37.3K</td>
<td>3.4K</td>
<td>42</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on October 4, 2024. Parties traded 5000 contract(s) at a $13.50 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $10.0 per contract. There were 109 open contracts at this strike prior to today, and today 5051 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 300 contract(s) at a $65.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $84.0 per contract. There were 24630 open contracts at this strike prior to today, and today 1534 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a put option trade with bullish sentiment. It expires in 56 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $496.0K, with a price of $496.0 per contract. There were 64 open contracts at this strike prior to today, and today 1058 contract(s) were bought and sold. 
• Regarding FHN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), we observe a put option trade with bearish sentiment. It expires in 56 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $143.0K, with a price of $143.0 per contract. There were 246 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option trade that happens to be bearish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 250 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $206.0 per contract. There were 2222 open contracts at this strike prior to today, and today 580 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option sweep with bearish sentiment. It expires in 636 day(s) on June 18, 2026. Parties traded 150 contract(s) at a $7.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $310.0 per contract. There were 7412 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 20 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $42.1K, with a price of $2105.0 per contract. There were 646 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bearish sentiment. It expires in 455 day(s) on December 19, 2025. Parties traded 173 contract(s) at a $82.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $243.9K, with a price of $1410.0 per contract. There were 19 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• For PRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 148 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $90.2K, with a price of $610.0 per contract. There were 1547 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 19 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $37.3K, with a price of $1966.0 per contract. There were 3480 open contracts at this strike prior to today, and today 42 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

COIN

PYPL

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$117.00</td>
<td>$51.5K</td>
<td>23.8K</td>
<td>125.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$66.7K</td>
<td>74.0K</td>
<td>109.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$150.00</td>
<td>$37.9K</td>
<td>3.7K</td>
<td>20.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$435.00</td>
<td>$67.5K</td>
<td>10.1K</td>
<td>8.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$25.00</td>
<td>$34.2K</td>
<td>18.4K</td>
<td>5.8K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.00</td>
<td>$409.3K</td>
<td>1.5K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$168.00</td>
<td>$44.6K</td>
<td>4.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.00</td>
<td>$255.0K</td>
<td>20.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$47.00</td>
<td>$35.2K</td>
<td>0</td>
<td>1.3K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$115.00</td>
<td>$56.0K</td>
<td>312</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $117.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $103.0 per contract. There were 23872 open contracts at this strike prior to today, and today 125275 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 445 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $66.7K, with a price of $150.0 per contract. There were 74087 open contracts at this strike prior to today, and today 109022 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $379.0 per contract. There were 3774 open contracts at this strike prior to today, and today 20855 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 300 contract(s) at a $435.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $225.0 per contract. There were 10147 open contracts at this strike prior to today, and today 8139 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 273 day(s) on June 20, 2025. Parties traded 147 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $233.0 per contract. There were 18438 open contracts at this strike prior to today, and today 5849 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 2990 contract(s) at a $6.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $409.3K, with a price of $137.0 per contract. There were 1540 open contracts at this strike prior to today, and today 3153 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 251 contract(s) at a $168.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $178.0 per contract. There were 4042 open contracts at this strike prior to today, and today 2595 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 1500 contract(s) at a $10.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $255.0K, with a price of $170.0 per contract. There were 20805 open contracts at this strike prior to today, and today 1790 contract(s) were bought and sold. 
• Regarding CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on October 4, 2024. Parties traded 440 contract(s) at a $47.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $80.0 per contract. There were 0 open contracts at this strike prior to today, and today 1321 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option sweep that happens to be bullish, expiring in 56 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $115.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.0K, with a price of $800.0 per contract. There were 312 open contracts at this strike prior to today, and today 1125 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

Core Scientific, Inc. - Class A Common Stock

CORZ

DDOG

INTC

MSFT

MSTR

NVDA

RIOT

10 Information Technology Stocks Whale Activity In Today's Session

Citigroup analyst Jason Bazinet maintains Vivid Seats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEAT#NASDAQ">SEAT</a>) with a Buy and lowers the price target from $10 to $9.

SEAT

Citigroup Maintains Buy on Vivid Seats, Lowers Price Target to $9

Investors with a lot of money to spend have taken a bearish stance on Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WMT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Walmart.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $56,250, and 8 are calls, for a total amount of $932,800.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $86.67 for Walmart during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walmart's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walmart's significant trades, within a strike price range of $55.0 to $86.67, over the past month.
<h3>Walmart Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853486_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.0</td>
<td>$1.97</td>
<td>$1.98</td>
<td>$80.00</td>
<td>$326.7K</td>
<td>26.2K</td>
<td>2.3K</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.05</td>
<td>$1.01</td>
<td>$1.01</td>
<td>$86.67</td>
<td>$222.2K</td>
<td>3.3K</td>
<td>2.2K</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.75</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$80.00</td>
<td>$148.9K</td>
<td>4.3K</td>
<td>400</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.78</td>
<td>$1.72</td>
<td>$1.78</td>
<td>$80.00</td>
<td>$74.0K</td>
<td>26.2K</td>
<td>34</td>
</tr>
<tr>
<td>WMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.46</td>
<td>$2.44</td>
<td>$2.44</td>
<td>$77.50</td>
<td>$57.0K</td>
<td>11.1K</td>
<td>404</td>
</tr>
</tbody>
</table>

<h3>About Walmart</h3>
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the company's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.
Following our analysis of the options activities associated with Walmart, we pivot to a closer look at the company's own performance.
<h3>Current Position of Walmart</h3>
<ul>
<li>With a trading volume of 9,487,545, the price of WMT is up by 1.14%, reaching $78.93.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 60 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Walmart</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Walmart, targeting a price of $80. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $90. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walmart options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Markets

Walmart Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards Duolingo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DUOL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Duolingo. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 8% bearish. Among these notable options, 4 are puts, totaling $195,244, and 8 are calls, amounting to $936,360.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $190.0 to $270.0 for Duolingo over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Duolingo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Duolingo's significant trades, within a strike price range of $190.0 to $270.0, over the past month.
<h3>Duolingo Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853481_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>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$79.1</td>
<td>$75.8</td>
<td>$77.0</td>
<td>$190.00</td>
<td>$184.8K</td>
<td style="text-align: right;">898</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$78.3</td>
<td>$76.1</td>
<td>$77.7</td>
<td>$190.00</td>
<td>$178.7K</td>
<td style="text-align: right;">898</td>
<td style="text-align: right;">260</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$78.5</td>
<td>$76.1</td>
<td>$77.7</td>
<td>$190.00</td>
<td>$124.3K</td>
<td style="text-align: right;">898</td>
<td style="text-align: right;">238</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$79.4</td>
<td>$76.3</td>
<td>$78.3</td>
<td>$190.00</td>
<td>$117.4K</td>
<td style="text-align: right;">898</td>
<td style="text-align: right;">375</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$78.5</td>
<td>$75.3</td>
<td>$77.1</td>
<td>$190.00</td>
<td>$100.2K</td>
<td style="text-align: right;">898</td>
<td style="text-align: right;">50</td>
</tr>
</tbody>
</table>

<h3>About Duolingo</h3>
Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.
Having examined the options trading patterns of Duolingo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Duolingo Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 331,513, with DUOL's price down by -1.32%, positioned at $260.51.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 47 days.</li>
</ul>
<h3>What The Experts Say On Duolingo</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $260.5.
Turn $1000 into $1270 in just 20 days?
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">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Duolingo, targeting a price of $271. 
&#x2A; An analyst from DA Davidson persists with their Buy rating on Duolingo, maintaining a target price of $250. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Duolingo options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

DUOL

Duolingo Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KKR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for KKR.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $106,840, and 7 are calls, for a total amount of $3,084,627.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $135.0 for KKR over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for KKR options trades today is 474.5 with a total volume of 3,930.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KKR's big money trades within a strike price range of $120.0 to $135.0 over the last 30 days.
<h3>KKR Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853475_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$14.2</td>
<td>$12.5</td>
<td>$13.7</td>
<td>$120.00</td>
<td>$1.5M</td>
<td>1.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$14.2</td>
<td>$13.8</td>
<td>$13.8</td>
<td>$120.00</td>
<td>$771.4K</td>
<td>1.8K</td>
<td>559</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$15.5</td>
<td>$14.4</td>
<td>$14.6</td>
<td>$135.00</td>
<td>$292.0K</td>
<td>43</td>
<td>400</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$16.3</td>
<td>$14.4</td>
<td>$14.6</td>
<td>$135.00</td>
<td>$248.2K</td>
<td>43</td>
<td>200</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$16.1</td>
<td>$14.7</td>
<td>$14.7</td>
<td>$135.00</td>
<td>$136.7K</td>
<td>43</td>
<td>600</td>
</tr>
</tbody>
</table>

<h3>About KKR</h3>
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
Having examined the options trading patterns of KKR, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of KKR</h3>
<ul>
<li>Trading volume stands at 1,663,174, with KKR's price down by -0.78%, positioned at $131.76.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 46 days.</li>
</ul>
<h3>What Analysts Are Saying About KKR</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $143.66666666666666.
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&#x2A; In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Buy, setting a price target of $153. 
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Smart Money Is Betting Big In KKR Options

Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) has outperformed the market over the past 5 years by 31.09% on an annualized basis producing an average annual return of 45.04%. Currently, Axon Enterprise has a market capitalization of $29.26 billion. 
Buying $100 In AXON: If an investor had bought $100 of AXON stock 5 years ago, it would be worth $626.03 today based on a price of $387.11 for AXON at the time of writing.
<h3>Axon Enterprise's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853446_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AXON

Here's How Much You Would Have Made Owning Axon Enterprise Stock In The Last 5 Years

Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) has outperformed the market over the past 10 years by 6.09% on an annualized basis producing an average annual return of 17.31%. Currently, Autodesk has a market capitalization of $58.31 billion. 
Buying $100 In ADSK: If an investor had bought $100 of ADSK stock 10 years ago, it would be worth $482.46 today based on a price of $270.58 for ADSK at the time of writing.
<h3>Autodesk's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853441_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADSK

Here's How Much $100 Invested In Autodesk 10 Years Ago Would Be Worth Today

Mizuho analyst Graig Suvannavejh maintains Apellis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) with a Neutral and lowers the price target from $42 to $39.

APLS

Mizuho Maintains Neutral on Apellis Pharmaceuticals, Lowers Price Target to $39

A recent <a href="https://pubmed.ncbi.nlm.nih.gov/39235808/">study</a> published in JAMA Network Open explores how <a href="https://www.benzinga.com/topic/cannabis-news">cannabis</a> legalization, both medical and recreational, is influencing the prescription of medications for mental health disorders in the U.S. The findings reveal notable shifts in the use of psychotropic medications, particularly benzodiazepines, antidepressants and antipsychotics, with cannabis laws having diverse effects depending on the medication class and the type of cannabis legislation in place.
<h3 class="wp-block-heading">Examining The Effects Of Cannabis Legalization</h3>
The study examined data from over 10 million commercially insured patients between 2007 and 2020, to analyze how medical and recreational cannabis laws, as well as the opening of dispensaries, affected prescription patterns. The research highlights the evolving role of cannabis in mental health treatment, especially as legalization becomes more widespread across the U.S.
<h3 class="wp-block-heading">Key Findings</h3>
Benzodiazepines: In states where medical cannabis laws were enacted, the study found a 12.4% reduction in benzodiazepine prescription fill rates. In states with recreational cannabis laws, the reduction was even higher at 15.2%. This decline aligns with the widely accepted idea that cannabis, particularly strains high in <a href="https://www.benzinga.com/topic/cbd">CBD</a>, can have anxiolytic effects. The study also found that both medical and recreational dispensaries were associated with a decrease in the number of benzodiazepine fills per patient and the supply of days per prescription.
Antidepressants and Antipsychotics: Interestingly, the impact on antidepressants and antipsychotics went in the opposite direction. Medical cannabis laws were associated with a 3.8% increase in antidepressant prescriptions, while the opening of medical dispensaries led to an 8.8% increase in antidepressant fills. Antipsychotic fills also rose by 2.5% after the implementation of medical cannabis laws and the opening of dispensaries.
<h3 class="wp-block-heading">Implications For Mental Health Treatment</h3>
These findings illustrate the complex relationship between cannabis use and the treatment of mental health disorders. While cannabis may serve as an alternative to benzodiazepines for anxiety, its legalization seems to drive up the use of other psychiatric medications, such as antidepressants and antipsychotics. This raises important questions about the broader mental health impacts of cannabis legalization, especially as high-<a href="https://www.benzinga.com/topic/thc">THC</a> cannabis products have been linked to exacerbating conditions like depression and psychosis.
Dr. W. David Bradford, one of the study's authors, noted, &#8220;Access to cannabis may represent a meaningful shift in mental health treatment for this population.&#8221; However, the study also emphasizes that while cannabis might reduce the use of certain medications like benzodiazepines, it may lead to increased use of others, suggesting a complex interaction between cannabis, mental health disorders and pharmaceutical treatments.
<h3 class="wp-block-heading">Call For Further Research</h3>
The study underscores the need for more clinical research to understand the full extent of cannabis&#8217;s impact on mental health treatment. Given the heterogeneous effects observed across states and medication classes, the findings suggest that policymakers and healthcare providers need to consider the broader implications of <a href="https://www.benzinga.com/topic/cannabis-legalization">cannabis legalization</a> on mental health outcomes.
Additionally, the results highlight the importance of communicating with healthcare providers about cannabis use, particularly for individuals with mental health disorders who may be managing complex treatment regimens. The growing availability of cannabis—both medical and recreational—introduces new variables into psychiatric care, which professionals must take into account when treating patients.
Cover image made with AI

Cannabis

Psychedelics

Is Cannabis Legalization Reducing Psychiatric Drug Use? Study Reveals Interesting Trends In Benzodiazepine, Antidepressants, Antipsychotics

Thursday, the FDA approved Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) Rybrevant&nbsp;(amivantamab-vmjw) in combination with standard-of-care chemotherapy (carboplatin and pemetrexed) for locally advanced or metastatic non-small cell lung cancer (NSCLC) with epidermal growth factor receptor (EGFR) exon 19 deletions (ex19del) or L858R substitution mutations, whose disease has progressed on or after treatment with an EGFR <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40949916/rybrevant-amivantamab-vmjw-plus-standard-of-care-approved-in-the-u-s-as-first-and-only-targeted-re" rel="noreferrer noopener">tyrosine kinase inhibitor</a>.
The FDA approval is based on results from the Phase 3 MARIPOSA-2 study, which showed that Rybrevant&nbsp;plus chemotherapy reduced the risk of disease progression or death (progression-free survival [PFS]) by 52% compared to chemotherapy alone, the study&#8217;s primary endpoint.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40630058/johnson-johnson-seeks-fda-approval-for-muscle-weakness-drug-and-gears-up-showdown-with-argenx-and" rel="noreferrer noopener">Johnson &amp; Johnson Seeks FDA Approval For Muscle Weakness Drug And Gears Up Showdown With Argenx and UCB</a>.
The median PFS for patients receiving Rybrevant&nbsp;plus chemotherapy was 6.3 months, compared to 4.2 months for chemotherapy alone.
Additionally, Rybrevant plus chemotherapy showed a confirmed overall response rate (ORR) of 53% compared to 29% with chemotherapy alone.
This approval marks the third new indication for Rybrevant&nbsp;this year,&nbsp;following the&nbsp;FDA&nbsp;<a target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4248839-1&amp;h=2533596364&amp;u=https%3A%2F%2Fwww.jnj.com%2Fmedia-center%2Fpress-releases%2Frybrevant-amivantamab-vmjw-plus-lazcluze-lazertinib-approved-in-the-u-s-as-a-first-line-chemotherapy-free-treatment-for-patients-with-egfr-mutated-advanced-lung-cancer&amp;a=approval" rel="noreferrer noopener">approval</a> of Rybrevant&nbsp;in combination with Lazcluze (lazertinib) for the first-line treatment of adult patients with locally advanced or metastatic NSCLC with EGFR exon 19 deletions or&nbsp;L858R substitution mutations, based on the Phase 3 MARIPOSA study, and FDA&nbsp;<a target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4248839-1&amp;h=2687046947&amp;u=https%3A%2F%2Fwww.jnj.com%2Fmedia-center%2Fpress-releases%2Frybrevant-amivantamab-vmjw-in-combination-with-chemotherapy-is-the-first-fda-approved-therapy-for-first-line-treatment-of-patients-with-non-small-cell-lung-cancer-with-egfr-exon-20-insertion-mutations&amp;a=approval" rel="noreferrer noopener">approval</a> of Rybrevant&nbsp;in combination with chemotherapy (carboplatin-pemetrexed) for the first-line treatment of patients with locally advanced or metastatic NSCLC with EGFR exon 20 insertion mutations, based on the Phase 3 PAPILLON study.
In June, Johnson &amp; Johnson submitted an FDA marketing application for a fixed combination of amivantamab and recombinant human hyaluronidase for subcutaneous administration for all currently approved or submitted indications of intravenous (IV) Rybrevant.
The application is based on the Phase 3 PALOMA-3 study, in which the preliminary results showed a five-fold reduction in infusion-related reactions (IRR) with a five-minute administration of SC amivantamab.
Price Action: JNJ stock is down 0.18% at $164.52 at last check Friday.
Image by PDPics from Pixabay
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40958885/vinfast-hits-roadblock-fails-to-meet-q2-earnings-and-sales-expectations-cautions-on-challenging-mac" target="_blank" rel="noreferrer noopener">VinFast Hits Roadblock: Fails To Meet Q2 Earnings And Sales Expectations, Cautions On Challenging Macro EV Outlook</a>.</li>
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Biotech

Equities

Large Cap

Health Care

General

Johnson & Johnson's Rybrevant Scores Third FDA-Approval Of 2024 For Certain Type Of Inoperable Lung Cancer In Pretreated Patients

NovaBay Pharmaceuticals, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NBY#AMEX">NBY</a>) shares are trading higher after the company announced it reached a definitive agreement to sell its Avenova assets for $9.5 million to <a href="https://www.benzinga.com/news/24/09/40956105/novabay-pharmaceuticals-reaches-definitive-deal-to-sell-avenova-assets-for-9-5m-expected-to-close-q4">Physician Recommended Nutraceuticals</a>.
The Details: The company expects the transaction to close during the 2024 fourth quarter, pending NovaBay shareholder approval. 
&#8220;I believe we have found an ideal home for Avenova. We expect the brand to continue to grow and flourish under PRN&#8217;s capable leadership and their ability to promote Avenova through their existing network of more than 5,000 eyecare professionals,&#8221; said NovaBay CEO Justin Hall.
&#8220;It&#8217;s gratifying to share that more people are using Avenova than ever before and with the support, resources and synergies that PRN can provide, we expect that number to continue to grow.&#8221;
How To Buy NovaBay Shares
By now you're likely curious about how to participate in the market for NovaBay Pharmaceuticals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NBY#AMEX">NBY</a>) &#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, or Amazon.com, 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. 
mIf 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.
Related Link: <a href="https://www.benzinga.com/markets/cannabis/24/09/40900626/legal-medical-cannabis-could-save-us-healthcare-29b-annually-new-study-finds">Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds</a>
NBY Price Action: At the time of writing, NovaBay stock is trading 25.0% higher at 62 cents per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo by roberto-sorin for Unsplash

Movers

What's Going On With NovaBay Pharmaceuticals Shares Friday?

Mizuho analyst Gabriel Moreen maintains New Jersey Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) with a Neutral and raises the price target from $45 to $47.

Mizuho Maintains Neutral on New Jersey Resources, Raises Price Target to $47

Citigroup analyst Keith Horowitz initiates coverage on Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) with a Buy rating and announces Price Target of $190.

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