Belite Bio Stock (NASDAQ:BLTE), Trade Ideas

Belite Bio

Belite Bio Inc is a clinical-stage biopharmaceutical drug development company focused on novel therapeutics targeting untreatable eye diseases involving retinal degeneration such as atrophic age-related macular degeneration and autosomal recessive Stargardt disease or STGD1, both of which progressively lead to permanent blindness, and metabolic diseases such as non-alcoholic fatty liver disease, or NAFLD, nonalcoholic steatohepatitis, or NASH, type 2 diabetes, or T2D, and gout.

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	Benitec Biopharma Inc. (NASDAQ: BNTC) climbed 104% to $0.4050 after the company announced it received FDA clearance of the IND for BB-301 for the treatment of Oculopharyngeal Muscular Dystrophy.


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

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U.S. stocks traded mixed, with the Nasdaq Composite gaining around 60 points on Monday. Here are some big stocks recording gains in today’s session.


Wolfspeed, Genesco, PacWest Bancorp And Other Big Stocks Moving Higher On Monday

Belite Bio, Inc - American Depositary Shares

Belite Bio Inc

Jefferies analyst Chris LaFemina maintains Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) with a Buy and raises the price target from $45 to $48.

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Analyst Ratings

Jefferies Maintains Buy on Alcoa, Raises Price Target to $48

Benchmark analyst Matthew Harrigan reiterates Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Sell and maintains $440 price target.

Reiteration

NFLX

Benchmark Reiterates Sell on Netflix, Maintains $440 Price Target

Bernstein analyst Mark Shmulik maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Outperform and raises the price target from $535 to $590.

Bernstein Maintains Outperform on Meta Platforms, Raises Price Target to $590

Donegal Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) and (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICB#NASDAQ">DGICB</a>) reported today that its board of directors declared a regular quarterly cash dividend of $0.1725 per share of the Company's Class A common stock and $0.155 per share of the Company's Class B common stock. The dividends are payable on May 22, 2024 to stockholders of record as of the close of business on May 8, 2024. &nbsp;
These dividends represent percentage increases of 1.5% for the Company's Class A common stock and 1.6% for the Company's Class B common stock compared to the previous quarterly cash dividend rates.

Dividends

DGICA

DGICB

Donegal Group Inc. Announces Increase In Quarterly Dividend From $0.17 To $0.1725 Per Share On Class A Common Stock And From $0.1525 To $0.155 On Class B Common Stock

Alibaba co-founder Joe Tsai said that he's noticed that a wealth effect from a property downturn tends to make consumers more hesitant to spend their money — here's why. 
In an interview with Norges Bank Investment Management, Tsai spoke about all things wealth, including consumer confidence during property downturns. He provided context on the Chinese economy, explaining that it makes up about 31% of global production, but its consumers participate in around 14% of global consumption. Compared to the U.S., with consumption over 70% in the global economy, Tsai feels that "Chinese consumers need to come into more significance and rival that of Western developed markets."&nbsp;&nbsp;
Don't Miss:
<ul>
<li>Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/?p=308263"> How much is that worth today?</a></li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
Tsai explained that when the housing market experiences a property downturn, it can erode consumer confidence, especially if money and investments are tied up in that property. The wealthy spend less because they don't feel as wealthy. Tsai claims that average property prices have come down by 30% in China, which can be scary for real estate property investors and consumers.&nbsp;
In contrast, the National Association of Realtors (NAR) reported that median sale prices for U.S. homes reached record highs in February 2024. <a href="https://www.benzinga.com/real-estate/24/04/38255718/why-are-home-prices-plummeting-by-40-in-oakland-california">Home prices</a> are rising faster than people&#8217;s wages and mortgage rates have reached 23-year highs. According to data from Realtors.com's 2024 housing market report, rates have increased by 2.9%.&nbsp;&nbsp;
In 2023, the U.S. housing market fewer people were <a href="https://www.benzinga.com/real-estate/reit/24/04/38259054/is-your-home-for-sale-its-peak-week-researchers-say">buying houses</a>. Rising house prices, high mortgage rates and a lack of supply were major contributors. As the U.S. tries to avoid a recession, interest rates will probably remain high. People fear that a crash in the housing market is imminent, although experts say that a lack of inventory makes a drop unlikely.&nbsp;
Rick Arvielo of New American Funding said, "You're not going to see house prices decline. There's just not enough inventory."&nbsp;
Tsai said that young people worry more about getting jobs than purchasing property. He explains that this fear is real. He points out that his own company is not hiring and that he believes people are not certain of their future stability, especially college graduates.&nbsp;
Tsai explains that while Chinese citizens have high savings and household cash is strong, consumer confidence is low. In the U.S., consumer confidence can be influenced by the general elections in November. Depending on the outcome of the elections, consumer confidence could improve or decline.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Read Next:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Americans got swindled out of $24.6 billion in the last 3 years —<a href="https://www.benzinga.com/money/advisor-adv"> Which high profile ponzi scheme was endorsed by millionaires?</a></li>
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Joe Tsai, Co-Founder of Alibaba, Says That There's A 'Wealth Effect' From Property Downturn

DA Davidson analyst Gil Luria maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy and maintains $235 price target.

AMZN

DA Davidson Maintains Buy on Amazon.com, Maintains $235 Price Target

Snap-on Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) reported first-quarter 2024 net sales of $1.182 billion, almost flat year-over-year,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38309412/snap-on-announces-first-quarter-2024-results" rel="noreferrer noopener">missing the consensus of $1.199 billion.</a>
Net sales represented a decrease of $0.7 million, or 0.1% YoY, reflecting a decline of $9.9 million, or 0.8%, in organic sales, partially offset by acquisition-related sales and favorable foreign currency translation.
Gross margin expanded by 63 bps to 50.5% with gross profit increase of 1.2% Y/Y to $596.7 million.
Operating margin before financial services was 22.9%, up 90 bps, and consolidated operating income rose 4% to $339.2 million.
Adjusted EPS was $4.75&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">above the consensus of $4.64.</a>
Commercial &amp; Industrial Group declined 1.1%, Snap-on Tools Group fell 6.9% and Repair Systems &amp; Information Group increased 3.9%. Financial Services revenue increased 7.6% to $99.6 million.
Snap held $1.12 billion in cash and cash equivalents, and operating cash flow totaled $348.7 million.
In 2024, Snap-on anticipates continuous growth by building on its strengths in the automotive repair sector, expanding its professional customer base into related markets and additional regions.
Outlook:&nbsp;Snap sees 2024 capital expenditures of approximately $100 million to $110 million and an effective income tax rate of 22% to 23%.
Price Action:&nbsp;SNA shares traded lower by 5.45% at $268.06 on Thursday.

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L3Harris To Expand And Modernize Solid Rocket Motor Manufacturing In Virginia; Majority Of $41.2M Investment Will Come From The Cooperative Agreement Aerojet Rocketdyne Signed With DoD Last Year; Commonwealth & Orange County Are Giving Co Total Of About $2.18M In Incentives For Site Improvement & Construction Efforts

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Pinterest Option Alert: May 3 $32.5 Calls Sweep (34) near the Ask: 792 @ $2.732 vs 3 OI; Earnings 4/30 After Close Ref=$33.135

<h4>Key Takeaways:</h4>
<ul>
<li>Chow Tai Fook&rsquo;s sales grew 12.4% in the first three months of this year, accelerating from the company&rsquo;s 6% revenue growth in the six months through September 2023</li>
<li>As China&rsquo;s largest listed jeweler, Chow Tai Fook could benefit from gold&rsquo;s recent rise to record high prices</li>
</ul>
By Edith Terry
In gold-crazy China, the showroom of&nbsp;Chow Tai Fook Jewelry Group Ltd.&nbsp;(1929.HK) in Hong Kong&rsquo;s Central business district is a bit of fantasy land featuring the many different faces of the precious metal, from heavy gold jewelry, to Disney-themed petite earrings for babies.
Founded in 1929 in Guangzhou, the company transformed the industry in 1956 when it introduced a 999.99 percent standard of purity, later adopted by the Hong Kong government. Now, the company is hoping to tap a recent rally that has sent gold prices to record highs. It appears to already be reaping some benefits of that rally with relatively strong growth in the first three months of the year, according to&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0412/2024041200336.pdf">a sales update</a>&nbsp;released last week.
The company said its retail sales grew 12.4% in the three months through March, led by identical 12.4% growth in a Mainland China market that accounts for 88.6% of its overall sales. Sales in its other two main markets in Hong Kong and Macau were up by 12.8%.
Those numbers were well ahead of the 4.7% growth in China&rsquo;s overall retail sales, which rose to 12 trillion ($1.66 trillion) during the first three months of this year, according to data released this week by the National Bureau of Statistics.
The news wasn&rsquo;t all rosy, however. Chow Tai Fook&rsquo;s same-store sales in Mainland China fell by 2.7% in terms of value and 6.9% in terms of volume in the three-month period. In Hong Kong and Macau, same-store sales grew 4.5%, both in terms of value and volume.
The update was relatively limited and did not include actual sales figures or other financial metrics. But the figures do give a view of how the company&rsquo;s sales are trending, which can act as a gage for the broader Chinese gold and jewelry market.
Gold prices have risen by 48% over the last four years, while interest rates have also gone up. That has led some analysts to argue that higher interest rates may produce higher gold prices, as they did in the 1970s, when the price of gold rose sharply just as short-term interest rates were rising in the U.S. as the Fed attempted to tame inflation, similar to what&rsquo;s happening now.
The rising prices are likely to benefit gold sellers like Chow Tai Fook, and investors will be looking for more signals to that effect when the company announces its detailed results for its full fiscal year through March 2024, most likely in June.&nbsp;
Chow Tai Fook has come a long way from its early roots, and now acts as a sort of &ldquo;gold standard&rdquo; for the China jewelry market, including gold jewelry that is one of its mainstays. Cheng Yu-tung, son-in-law of founder Chow Chi-yuen, expanded the company as a modern retailer. When Cheng passed away at 91, his son Henry Cheng took over the reins.
<h4>Hedge against uncertainty</h4>
The last two years have seen gold prices rise due to perceptions of its value as a hedge against economic uncertainty, as well as the potential for lower returns from other investments if global interest rates start to fall as many expect they will.
The more noteworthy numbers in Chow Tai Fook&rsquo;s latest quarterly update included a 19.5% drop in sales of gold and platinum jewelry containing gemstones in Mainland China, and an even larger 27.2% decline for the category in Hong Kong and Macau. That may reflect a falling taste for gemstones in the post pandemic era of slower economic growth.
But sales for gold jewelry and other gold products fared better, rising 3.4% year-on-year on the Mainland during the three-month period. In Hong Kong and Macau, such gold products did even better, with sales up 16.6%. The company closed 88 stores during the three-month period, but still added 153 for its entire fiscal year through March 2024, bringing its total to 7,548.
The double-digit sales growth in the latest quarter marked a strong uptick from the 6% year-on-year revenue growth the company reported for the six months through September last year, the first half of its fiscal year, when sales totaled HK$49.5 billion. Its sales actually fell by 4.3% to HK$94.7 billion in the previous fiscal year through March 2023, much of which saw retailers nationwide hamstrung by China&rsquo;s tough pandemic restrictions.
The company&rsquo;s profit for the six months through September rose 27% to HK$4.55 billion, as its gross profit margin strengthened by 1.3 percentage points to 24.9%.
The market didn&rsquo;t find too much glitter in Chow Tai Fook&rsquo;s latest numbers. The company&rsquo;s Hong Kong-listed shares are down by 10% in the week since the announcement, and have lost 13% of their value since the start of the year. Its market cap of HK$100 billion makes it the world&rsquo;s 12th&nbsp;largest luxury company, just ahead of&nbsp;Pandora&nbsp;(PNDORA.CO) and just behind&nbsp;Prada&nbsp;(1913.HK; PRPO.F) in terms of company value.&nbsp;
The company&rsquo;s price-to-earnings (P/E) ratio of 16 trails Pandora&rsquo;s 20 and Prada&rsquo;s 26. But it&rsquo;s well ahead of the P/E ratio of 5 for smaller Chinese peer&nbsp;Chow Sang Sang&nbsp;(0116.HK), which also has roots in in Guangzhou where it was founded in 1934, and became Hong Kong&rsquo;s first listed gold and jewelry company in 1973.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Chow Tai Fook Glitters As Hedge Against Lower Interest Rates

ASML

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Intel Says Completed Assembly Of Commercial High Numerical Aperture Extreme Ultraviolet Lithography Scanner, Located At Hillsboro, Oregon, R&D Site; ASML Is Now Going Through Calibration Steps In Preparation For Production Of Intel's Future Process Roadmap

High-rolling investors have positioned themselves bullish on Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and it's important for retail traders to take note. 
\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 WFC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Wells Fargo. This is not a typical pattern.
The sentiment among these major traders is split, with 54% bullish and 45% bearish. Among all the options we identified, there was one put, amounting to $47,595, and 10 calls, totaling $979,495.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $66.0 for Wells Fargo, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Wells Fargo's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wells Fargo's whale activity within a strike price range from $37.5 to $66.0 in the last 30 days. 
<h3>Wells Fargo 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713449793_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.3</td>
<td>$21.15</td>
<td>$21.3</td>
<td>$37.50</td>
<td>$213.0K</td>
<td>7.2K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.0</td>
<td>$2.99</td>
<td>$3.0</td>
<td>$65.00</td>
<td>$208.2K</td>
<td>12.5K</td>
<td style="text-align: right;">912</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.8</td>
<td>$15.65</td>
<td>$15.8</td>
<td>$42.50</td>
<td>$158.0K</td>
<td>2.3K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$12.8</td>
<td>$12.75</td>
<td>$12.8</td>
<td>$45.00</td>
<td>$128.0K</td>
<td>12.4K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.5</td>
<td>$13.4</td>
<td>$13.4</td>
<td>$50.00</td>
<td>$69.6K</td>
<td>3.7K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Wells Fargo</h3>
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
<h3>Where Is Wells Fargo Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,737,066, with WFC's price up by 1.25%, positioned at $57.9.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 85 days.</li>
</ul>
<h3>What The Experts Say On Wells Fargo</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.
<ul>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Wells Fargo with a target price of $65. </li>
<li>In a cautious move, an analyst from Citigroup downgraded its rating to Neutral, setting a price target of $63. </li>
<li>An analyst from Argus Research persists with their Buy rating on Wells Fargo, maintaining a target price of $66. </li>
<li>An analyst from Compass Point has revised its rating downward to Neutral, adjusting the price target to $64. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Wells Fargo, targeting a price of $67. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Wells Fargo with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In WFC Options

Investors with a lot of money to spend have taken a bearish stance on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,839, and 12, calls, for a total amount of $822,087.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $350.0 and $420.0 for Goldman Sachs Gr, spanning the last three months.
<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 Goldman Sachs Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Goldman Sachs Gr's significant trades, within a strike price range of $350.0 to $420.0, over the past month.
<h3>Goldman Sachs Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713449788_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$78.7</td>
<td>$77.55</td>
<td>$77.55</td>
<td>$360.00</td>
<td>$232.9K</td>
<td>37</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$19.25</td>
<td>$19.1</td>
<td>$19.25</td>
<td>$400.00</td>
<td>$96.2K</td>
<td>4.6K</td>
<td style="text-align: right;">53</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$72.2</td>
<td>$70.1</td>
<td>$70.55</td>
<td>$370.00</td>
<td>$70.6K</td>
<td>71</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$78.85</td>
<td>$77.55</td>
<td>$77.55</td>
<td>$360.00</td>
<td>$62.1K</td>
<td>37</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$84.45</td>
<td>$82.8</td>
<td>$82.8</td>
<td>$350.00</td>
<td>$58.0K</td>
<td>94</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
After a thorough review of the options trading surrounding Goldman Sachs Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Goldman Sachs Gr Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 356,033, with GS's price up by 0.79%, positioned at $407.09.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 90 days.</li>
</ul>
<h3>What Analysts Are Saying About Goldman Sachs Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $441.6.
<ul>
<li>Consistent in their evaluation, an analyst from HSBC keeps a Buy rating on Goldman Sachs Gr with a target price of $470. </li>
<li>An analyst from HSBC persists with their Buy rating on Goldman Sachs Gr, maintaining a target price of $460. </li>
<li>An analyst from RBC Capital persists with their Sector Perform rating on Goldman Sachs Gr, maintaining a target price of $405. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $440. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $433. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Goldman Sachs Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Goldman Sachs Gr's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</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 MA, 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 12 uncommon options trades for Mastercard.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $59,400, and 10 are calls, for a total amount of $301,415.
<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 $460.0 to $485.0 for Mastercard during the past quarter. 
<h3>Analyzing 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 Mastercard's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Mastercard's significant trades, within a strike price range of $460.0 to $485.0, over the past month.
<h3>Mastercard 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713449783_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$18.6</td>
<td>$18.2</td>
<td>$18.45</td>
<td>$485.00</td>
<td>$31.3K</td>
<td style="text-align: right;">374</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.25</td>
<td>$17.95</td>
<td>$18.25</td>
<td>$485.00</td>
<td>$31.0K</td>
<td style="text-align: right;">374</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.25</td>
<td>$18.0</td>
<td>$18.25</td>
<td>$485.00</td>
<td>$31.0K</td>
<td style="text-align: right;">374</td>
<td style="text-align: right;">69</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$18.4</td>
<td>$17.95</td>
<td>$18.2</td>
<td>$485.00</td>
<td>$30.9K</td>
<td style="text-align: right;">374</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$18.35</td>
<td>$17.9</td>
<td>$18.15</td>
<td>$485.00</td>
<td>$30.8K</td>
<td style="text-align: right;">374</td>
<td style="text-align: right;">86</td>
</tr>
</tbody>
</table>

<h3>About Mastercard</h3>
Mastercard is the second-largest payment processor in the world, having processed close to over $9 trillion in volume during 2023. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
In light of the recent options history for Mastercard, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Mastercard</h3>
<ul>
<li>Currently trading with a volume of 165,151, the MA's price is down by -0.03%, now at $460.01. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<h3>Expert Opinions on Mastercard</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $530.0.
<ul>
<li>Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Mastercard, targeting a price of $480. </li>
<li>An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $545. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Mastercard with a target price of $545. </li>
<li>Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Mastercard with a target price of $545. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Mastercard, targeting a price of $535. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Mastercard, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Mastercard's Options Frenzy: What You Need to Know

WIIM

Synovus shares are trading lower after Raymond James downgraded the stock from Strong Buy to Market Perform.

BMO Capital analyst James Fotheringham maintains Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) with a Outperform and raises the price target from $115 to $118.

BMO Capital Maintains Outperform on Morgan Stanley, Raises Price Target to $118

Barrington Research analyst Alexander Paris maintains Grand Canyon Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOPE#NASDAQ">LOPE</a>) with a Outperform and maintains $160 price target.

LOPE

Barrington Research Maintains Outperform on Grand Canyon Education, Maintains $160 Price Target

BMO Capital analyst James Fotheringham maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Market Perform and raises the price target from $36 to $37.

BMO Capital Maintains Market Perform on Bank of America, Raises Price Target to $37

Barrington Research analyst Alexander Paris maintains SuRo Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSSS#NASDAQ">SSSS</a>) with a Outperform and maintains $6 price target.

SSSS

Barrington Research Maintains Outperform on SuRo Capital, Maintains $6 Price Target

Renowned crypto analyst DonAlt has expressed skepticism over Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) current support level, hinting at a potential drop below $60,000.
What Happened: In a April 17 <a href="https://twitter.com/CryptoDonAlt/status/1780586718569111690">tweet</a>, the pseudonymous analyst voiced concerns about the stability of Bitcoin&#8217;s support level. He noted that the support has been tested multiple times, which, in his opinion, is not a good sign.
DonAlt further commented on the erratic price action of Bitcoin over the past year, stating that while it could still rise, he wouldn&#8217;t want to bet on it. With the <a href="https://www.benzinga.com/topic/bitcoin-halving">Bitcoin halving</a> just two days away, he suggested that a washout below $60,000 seems much more attractive.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> This support has been tested one too many times IMO Quite bad looking, could still go up given how ridiculous price action has been in the last year but I wouldn&#39;t wanna bet on it Wash out below $60k seems much more attractive <a href="https://t.co/FGRON1b9nb">pic.twitter.com/FGRON1b9nb</a>
&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1780586718569111690?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In another <a href="https://twitter.com/CryptoDonAlt/status/1780146297418170717">tweet</a> on April 16, he sarcastically remarked that as he got aware of the Bitcoin halving in three days, he sold all his Bitcoin and is going to rebuy once it is completed: "Should be an easy 2x," his not-too-serious conclusion reads.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306296/jim-cramer-says-just-go-buy-ethereum-or-bitcoin-instead-of-marathon-digital-lets-not-fool-">Jim Cramer Says Just Go Buy Ethereum Or Bitcoin Instead Of Marathon Digital: &#8216;Let&#8217;s Not Fool Around&#8217;</a>
Why It Matters: DonAlt&#8217;s views carry weight in the crypto community due to his track record of accurate predictions. His skepticism about Bitcoin&#8217;s support level could potentially influence investor sentiment and market behavior.
Bitcoin is down 12% down over the past seven days, plunging below $60,000 in Wednesday trading before <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38312737/bitcoin-defies-165m-etf-outflows-bounces-above-62-000">a rebound</a> to $62,000. Despite a lull in price action, trading volume increased by 15.7% over the past 24 hours.
Other traders chipped in with their own opinions, with chart analyst Ali Martinez referencing a <a href="https://twitter.com/ali_charts/status/1780192519147368520">tweet</a> that had indicated $61,000 as the most important support level and $72,400 as the most important resistance level. In case of a support break, Bitcoin could drop to $56,200 or $51,600.
However, one X user stated that the number of bearish posts makes him believe that the "opposite is gonna happen."
Zen, a bitcoin hodler, agreed with the words "The more support resistance is tested, the weaker it becomes." 
Amid Bitcoin's volatile price action, It remains to be seen whether this prediction will materialize and how it might impact the broader cryptocurrency market.
What's Next: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga's upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38213103/peter-schiff-predicts-bitcoin-etfs-will-lead-to-its-biggest-crash-ever">Peter Schiff Predicts Bitcoin ETFs Will Lead To Its &#8216;Biggest Crash Ever&#8217;</a>

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

Cryptocurrency

$BTC

Bitcoin's $60K Support Has Been Tested 'One Too Many Times,' Says Renowned Swing Trader

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ACLX

AHCO

CPRX

CRNX

NYXH

PRTA

Press Releases

Belite Bio to Host Webcast on November 14, 2023, to Discuss Third Quarter 2023 Financial Results

Belite Bio Reports Third Quarter 2023 Operational Highlights and Financial Results

Belite Bio to Participate in the BTIG Ophthalmology Day

Belite Bio to Participate in the Benchmark Company's Upcoming Discovery One-on-One Investor Conference

Health Care

Belite Bio to Present at the Oppenheimer 34th Annual Healthcare Life Sciences Conference

Belite Bio to Participate in the Leerink Partners Global Biopharma Conference

Belite Bio to Host Webcast on March 12, 2024, to Discuss Fourth Quarter and Full Year 2024 Financial Results