cBAT - CBAT

CBAK Energy Tech (NASDAQ:CBAT) Stock, Quote.Headers.trade-ideas

CBAK Energy Tech

CBAK Energy Technology Inc is engaged in the manufacture, commercialization and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries. The company operates in two operating segments: CBAK's segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. Hitrans' segment mainly includes the development and manufacturing of NCM precursor and cathode materials. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

Asian,Engineer,Or,Technician,Work,With,Ev,Car,Battery,Cells

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CBAT

CBAK Energy Technology, Inc. reported Q1 FY24 results, with revenue up 38.7%, gross margin up to 31.9%, and net income of $9.8 million. EPS of $0.11 beat consensus. Expecting strong growth for the year.

CBAK Energy Misses On Revenue Mark, Battery Business Shines Brighter

2024.Businessman.Shutterstock

CBAT reported Q4 FY23 revenue increase of 3.2% Y/Y to $56.2M. Battery business up 30.9%, but net revenues from batteries used in light electric vehicles down 69.5%.

CBAK Energy&#39;s Q4 Revenue Jumps With Battery Business Leading The Charge: Details

Penny Stocks

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NNBR

OPXS

VTSI

As of Jan. 23, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Industrials Stocks That Could Sink Your Portfolio This Quarter

CBAK Energy Technology, Inc. - Common Stock

CBAK Energy Technology Inc

<p><a href="https://www.youtube.com/watch?v=ZFW3ONApp4w" title="https://www.youtube.com/watch?v=ZFW3ONApp4w">https://www.youtube.com/watch?v=ZFW3ONApp4w</a></p>


Macro Notification

General

Biden Says I Know Many Look At World Today And See Difficulties But I Do Not; I Know There Is A Way Forward; Putin's War Has Failed; World Has To Choose Whether To Sustain Support For Ukraine Or Walk Away From That Aggression; My Answer Is We Will Not Let Up On Our Support For Ukraine

<p>Barrington Research  analyst Gary Prestopino   maintains PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) with a Outperform and maintains $10 price target.</p>


Price Target

Analyst Ratings

AIOT

Barrington Research Maintains Outperform on PowerFleet, Maintains $10 Price Target

BNZI

Banzai International Shares Resumed Trade

WIIM

Banzai International shares are trading higher after the company announced a $24.8 million debt payoff and restructuring agreements with insider participation.

<p><a href="https://www.youtube.com/live/bAhpNRRkOFg?si=wFdRoZnospIp2NB2" title="https://www.youtube.com/live/bAhpNRRkOFg?si=wFdRoZnospIp2NB2">https://www.youtube.com/live/bAhpNRRkOFg?si=wFdRoZnospIp2NB2</a></p>


US Senator Bernie Sanders Says Pharmacy Benefit Managers Have Committed To Expand Coverage For Novo Nordisk's Weight-loss Drugs If Company Reduces List Price

XChange TEC.INC Shares Halted On Circuit Breaker To The Upside, Stock Now Up 59.8%

Caterpillar shares are trading higher after the company announced it has exhibit at the MINExpo 2024.

<p>XChange TEC.INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) (the "Company"), today announced that on September 24, 2024, the Company entered into a Securities Purchase Agreement with VG Master Fund SPC ("VG") pursuant to which the Company may from time to time sell VG up to $25.0 million of American Depositary Shares ("ADSs") with each ADSs representing 600,000 of the Company's Class A Ordinary Shares. The timing of any such sales, are solely at the Company's option, and the Company is under no obligation to sell any securities to VG under the Purchase Agreement.</p>
<p>The offering and sale of the ADSs by the Company to VG pursuant to the Purchase Agreement has been registered pursuant to a prospectus supplement, which was filed by the Company with the Securities and Exchange Commission (the "SEC") on September 24, 2024, to a shelf registration statement on Form F-3 (File No. 333-258187), which was filed with the SEC on September 29, 2022 and declared effective on October 26, 2022.&nbsp;</p>


Financing

Reported Earlier, XChange TEC.INC Entered Into A Securities Purchase Agreement With VG Master Fund SPC, Pursuant To Which The Co May From Time To Time Sell VG Up To $25M Of ADSs With Each ADS Representing 600,000 Of The Company's Class A Ordinary Shares

<p>Needham  analyst Ami Fadia   reiterates Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) with a Buy and maintains $285 price target.</p>


Reiteration

BIIB

Needham Reiterates Buy on Biogen, Maintains $285 Price Target

<p><strong>Alibaba Group Holdings Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) is revving up its engines, courtesy of a new partnership with <strong>Nvidia Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) that promises to take autonomous driving to <a href="https://www.benzinga.com/quote/BABA/news">the next level</a>.</p>
<p>By integrating Alibaba's Qwen large language models (LLMs) with Nvidia's Drive AGX Orin platform, this collaboration not only enhances in-car AI capabilities but also showcases Alibaba's strategic maneuvering amid U.S. sanctions on advanced semiconductor chips.</p>
<p>In a display of synergy, Alibaba Cloud's partnership with Nvidia aims to enhance the driving experience for smart vehicle owners, equipping cars with intelligent voice assistants capable of executing commands and offering recommendations.</p>
<p>This move positions Alibaba at the forefront of automotive AI technology, ensuring it remains competitive in a rapidly evolving market.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com//node/40977069">Alibaba Teams Up With Nvidia to Supercharge EVs for Chinese Automakers: Report</a></strong></p>
<h2 class="wp-block-heading">Driving Up Investor Confidence: PBoC&#8217;s Boost Fuels Alibaba</h2>
<p>This tech alliance comes at a fortuitous time as the People's Bank of China (PBoC) recently slashed key interest rates, flooding the banking system with liquidity and sparking a <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">rally in Chinese stocks.</a></p>
<p>With the National Day Holiday approaching, investor confidence is rising—making it the perfect backdrop for Alibaba&#8217;s ambitious automotive aspirations.</p>
<h2 class="wp-block-heading">Charting The Course: Buckle Up For Bullish Trends</h2>
<p>Alibaba&#8217;s stock is cruising at about $95, a solid 5.45% increase at the time of publication Tuesday.</p>
<p><figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085152/Screenshot-2024-09-24-at-5.02.54-PM.png" alt="" class="wp-image-563149" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085152/Screenshot-2024-09-24-at-5.02.54-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085152/Screenshot-2024-09-24-at-5.02.54-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure></p>
<p><em><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a></em></p>
<p>The stock has increased 20.51% year-to-date and 3.29% over the past year, signaling a robust performance in a volatile market.</p>
<p>From a technical standpoint, the charts are painting a picture of bullish momentum. Alibaba stock is currently above its five, 20 and 50-day exponential moving averages, indicating a strongly bullish trend despite experiencing slight selling pressure. </p>
<p>Here's the breakdown:</p>
<ul>
<li><strong>Eight-Day SMA</strong>: $87.41 (Bullish signal)</li>
<li><strong>20-Day SMA</strong>: $84.43 (Bullish signal)</li>
<li><strong>50-Day SMA</strong>: $81.26 (Bullish signal)</li>
<li><strong>200-Day SMA</strong>: $76.52 (Bullish signal)</li>
</ul>
<p><figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085423/Screenshot-2024-09-24-at-5.03.51-PM.png" alt="" class="wp-image-563160" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085423/Screenshot-2024-09-24-at-5.03.51-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24085423/Screenshot-2024-09-24-at-5.03.51-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure></p>
<p><em><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a></em></p>
<p>The Moving Average Convergence Divergence (MACD) currently sits at 1.98, indicating a bullish trend for Alibaba stock.</p>
<p>However, caution is advised as the Relative Strength Index (RSI) reads 69.13, indicating that the stock is about to enter the overbought territory.</p>
<p>The Bollinger Bands also favor a bullish stance, with the stock trading above the upper bullish range.</p>
<h2 class="wp-block-heading">Full Speed Ahead: Signs Point To Opportunity In BABA</h2>
<p>Alibaba's strategic partnership with Nvidia has set the stage for exciting developments in the autonomous driving sector, while the technical indicators suggest a bright future for Alibaba stock. </p>
<p>As the company prepares for an AI-enhanced driving experience, investors should stay focused on the potential ahead—this journey is just beginning.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/40988975">Alibaba Shares Are Trading Higher: What&#8217;s Going On</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Asia

Emerging Markets

Technicals

Tech

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

NVDA

Alibaba Partners With Nvidia To Advance AI, Autonomous Driving, Chart Indicates Positive Momentum

Visa shares are trading lower following reports suggesting the company is facing charges by the DOJ for alleged monopolization.

<p>Goldman Sachs  analyst Noah Poponak   maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Buy and lowers the price target from $232 to $202.</p>


Goldman Sachs Maintains Buy on Boeing, Lowers Price Target to $202

STLD

VALE

Shares of metals and materials companies are trading higher. Strength may be due to China's stimulus measures, which could support demand.

<p>Small Cap Consumer Research  analyst Eric Beder   reiterates Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) with a Buy and maintains $29 price target.</p>


Small Cap Consumer Research Reiterates Buy on Guess, Maintains $29 Price Target

Banzai International Shares Halted On Circuit Breaker To The Upside, Stock Now Up 139.5%

<p>Goldman Sachs  analyst Michael Ng   maintains Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Buy and raises the price target from $390 to $430.</p>


ANET

Goldman Sachs Maintains Buy on Arista Networks, Raises Price Target to $430

<p><a href="https://www.statnews.com/2024/09/23/addiction-treatment-telehealth-medication-opioid-use-disorder-dea-controlled-substances/#:~:text=A%20new%20bill%20being%20drafted,during%20the%20Covid%2D19%20pandemic.">https://www.statnews.com/2024/09/23/addiction-treatment-telehealth-medication-opioid-use-disorder-dea-controlled-substances/#:~:text=A%20new%20bill%20being%20drafted,during%20the%20Covid%2D19%20pandemic.</a></p>
<p>Two Democratic lawmakers are working to preserve health providers' right to prescribe controlled substances via telehealth, including stimulants for ADHD and buprenorphine for opioid addiction.&nbsp;</p>
<p>A new bill being drafted by Sen. Mark Warner (D-Va.) and Rep. Doris Matsui (D-Calif.) comes months before the expiration of temporary waivers first enacted by the Drug Enforcement Administration's during the Covid-19 pandemic. Though the DEA is currently contemplating new regulations that would roll back many of the pandemic-era flexibilities, the lawmakers' new bill would likely extend the current rules through 2026, according to two lobbyists familiar with the effort.&nbsp;&nbsp;</p>
<p>The flexible rules are set to expire at the end of the year, which telehealth advocates say could threaten patient access to medications, including stimulants for ADHD and common medications used to treat opioid addiction.&nbsp;</p>


Biotech

TDOC

'Lawmakers Push To Let Telehealth Providers Keep Prescribing Stimulants And Addiction Treatment; Flexibility Allowed During Pandemic Is Set To Expire At Year-End' - STAT News

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Walt Disney</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DIS, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Walt Disney.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 69% bullish and 30%, bearish.</p>
<p>Out of all of the special options we uncovered, 7 are puts, for a total amount of $435,284, and 6 are calls, for a total amount of $421,675.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $115.0 for Walt Disney over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 3726.86 with a total volume of 2,805.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Walt Disney's big money trades within a strike price range of $95.0 to $115.0 over the last 30 days.</p>
<h3>Walt Disney 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727187394_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$11.6</td>
<td>$10.75</td>
<td>$11.45</td>
<td>$110.00</td>
<td>$148.7K</td>
<td>137</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.25</td>
<td>$13.2</td>
<td>$13.2</td>
<td>$105.00</td>
<td>$146.3K</td>
<td>6.2K</td>
<td style="text-align: right;">105</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.35</td>
<td>$13.2</td>
<td>$13.2</td>
<td>$105.00</td>
<td>$87.3K</td>
<td>6.2K</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.2</td>
<td>$13.15</td>
<td>$13.17</td>
<td>$105.00</td>
<td>$84.4K</td>
<td>6.2K</td>
<td style="text-align: right;">192</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.89</td>
<td>$1.88</td>
<td>$1.88</td>
<td>$100.00</td>
<td>$73.1K</td>
<td>9.7K</td>
<td style="text-align: right;">429</td>
</tr>
</tbody>
</table>
</p>
<h3>About Walt Disney</h3>
<p>Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.</p>
<h3>Present Market Standing of Walt Disney</h3>
<ul>
<li>With a trading volume of 1,522,167, the price of DIS is down by -0.4%, reaching $92.6.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 43 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Walt Disney</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $91.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Macquarie has decided to maintain their Neutral rating on Walt Disney, which currently sits at a price target of $91. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walt Disney options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Walt Disney Unusual Options Activity

<p>Deep-pocketed investors have adopted a bullish approach towards Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</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 COST usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Costco Wholesale. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 33% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $238,687, and 12 are calls, amounting to $1,132,282.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $675.0 to $1200.0 for Costco Wholesale over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Costco Wholesale'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 Costco Wholesale's whale trades within a strike price range from $675.0 to $1200.0 in the last 30 days. </p>
<h3>Costco Wholesale 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727187389_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$24.0</td>
<td>$23.6</td>
<td>$24.0</td>
<td>$910.00</td>
<td>$480.0K</td>
<td>47</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$251.2</td>
<td>$248.55</td>
<td>$251.2</td>
<td>$675.00</td>
<td>$175.8K</td>
<td>23</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$29.0</td>
<td>$28.65</td>
<td>$29.0</td>
<td>$900.00</td>
<td>$142.1K</td>
<td>1.0K</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$67.85</td>
<td>$66.5</td>
<td>$66.5</td>
<td>$850.00</td>
<td>$66.5K</td>
<td>241</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$102.8</td>
<td>$100.05</td>
<td>$101.32</td>
<td>$1000.00</td>
<td>$60.7K</td>
<td>28</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>
</p>
<h3>About Costco Wholesale</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and enjoys over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<p>After a thorough review of the options trading surrounding Costco Wholesale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Costco Wholesale's Current Market Status</h3>
<ul>
<li>With a volume of 271,797, the price of COST is down -1.12% at $906.8. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 2 days.</li>
</ul>
<h3>What The Experts Say On Costco Wholesale</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $919.6.</p>
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&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $925.<br />
&#x2A; An analyst from Truist Securities downgraded its action to Hold with a price target of $873.<br />
&#x2A; Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Costco Wholesale, targeting a price of $925.<br />
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $925.<br />
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Costco Wholesale, maintaining a target price of $950. </p>
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COST

Unpacking the Latest Options Trading Trends in Costco Wholesale

<p>EF Hutton  analyst Jason Kolbert   maintains Anixa Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIX#NASDAQ">ANIX</a>) with a Buy and maintains $10 price target.</p>


ANIX

EF Hutton Maintains Buy on Anixa Biosciences, Maintains $10 Price Target

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CBAK Energy Technology Q2 Earnings Preview

Here is the next potential market catalyst

CBAK Energy Technology GAAP EPS of $0.07, revenue of $47.79M

Today, several major companies are expected to report earnings: American Axle (AXL), CBAK Energy Technology (CBAT), Cytokinetics (CYTK), Canopy Gro...

Options Volatility and Implied Earnings Moves Today, August 09, 2024

Earnings summary: CBAK Energy Technology Q2 revenue up 13% Y/Y to $47.8M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>CBAK Energy Tech</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cbat-stock-quote/"><strong>CBAT</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>CBAK Energy Tech reported earnings per share of 7 cents. This met the analyst estimate for EPS of 7 cents.</li><li>The company reported revenue of $47.79 million.</li><li>This was 23.62% worse than the analyst estimate for revenue of $62.57 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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CBAT Stock Earnings: CBAK Energy Tech Meets EPS, Misses Revenue for Q2 2024

CBAK Energy Technology, Inc. (CBAT) Q2 2024 Earnings Call Transcript

AMCX

AMRX

CLMT

CYTK

EMRAF

EVRG

FREY

GWAV

IDEX

ISSC

LASE

LEGN

LICN

LILM

NKLA

QTRHF

ROAD

SATS

SGLY

SLVM

Commodities

Contracts

Press Releases

CBAK Energy Announces a Strategic Investment in BAK Power

CBAK Energy to Report Fourth Quarter and Full Year 2023 Unaudited Financial Results on Friday, March 15, 2024

CBAK Energy Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

CBAK Energy to Report First Quarter 2024 Unaudited Financial Results on Friday, May 10, 2024

CBAK Energy Reports First Quarter 2024 Unaudited Financial Results

CBAK Energy Unveils Breakthrough in Fast-Charging Technology with Enhanced Model 32140 Battery, Achieving Full Charge in Just 35 Minutes

CBAK Energy Secures Nearly USD7 Million Order From Renowned European Client

CBAK Energy to Report Second Quarter & First Half 2024 Unaudited Financial Results on Friday, August 9, 2024

CBAK Energy Reports Second Quarter and First Half 2024 Unaudited Financial Results

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CBAK Energy Tech

CBAK Energy Tech (CBAT) Forecast

CBAK Energy Tech (NASDAQ:CBAT) Stock, Quote.Headers.trade-ideas