Chocoladefabriken Stock (OTC:CHLSY), Trade Ideas

Swiss-based Chocoladefabriken Lindt & Spruengli is a manufacturer of premium chocolate. Key brands include Lindt, Lindor, Ghirardelli, Russell Stover, Whitman's, and Caffarel. The company bought U.S.-based Russell Stover, its largest-ever acquisition, in 2014. It derives the bulk of its sales from Europe (46% of its consolidated base) but also competes in North America (41%) and the rest of the world (13%). The company operates 11 manufacturing plants in Europe and the United States. Its distribution network includes 500 own stores.

CHOCOLADEFABRIKEN U/ADR by CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG

Chocoladefabriken Lindt & Spruengli AG

Morgan Stanley analyst Matthew Cost maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Equal-Weight and raises the price target from $55 to $70.

News

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on AppLovin, Raises Price Target to $70

Maxim Group initiates coverage on Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) with a Buy rating and announces Price Target of $8.

Initiation

RYDE

Maxim Group Initiates Coverage On Ryde Group with Buy Rating, Announces Price Target of $8

Siyata Mobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) shares are trading lower by 27% to $2.41 during Tuesday&#8217;s session after the company filed for an offering to sell a maximum of <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=102213&amp;ref=318236068&amp;type=PDF&amp;symbol=SYTA&amp;cdn=c52b04e7d29178cf9c83f4b777a433cd&amp;companyName=Siyata+Mobile+Inc.&amp;formType=F-1&amp;formDescription=Registration+statement+for+securities+of+certain+foreign+private+issuers&amp;dateFiled=2024-04-15">$4 million of common shares</a>. The company says it is offering a certain number of common shares with no set value per share, and the final offering price will be determined in consultation with the placement agent and investors. There&#8217;s no minimum requirement for shares or proceeds for the offering to close. 
The placement agent will use best efforts to solicit purchases but is not obligated to buy or sell any specific amount. The actual offering amount and proceeds may be less than the maximum stated. The company says it will pay fees to the placement agent for their services.
See Also: <a href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions">Intel and Nvidia Reveal New Products for China, Adapt AI Chip Strategies in Response to US Sanctions</a>
<h2 class="wp-block-heading">How To Buy SYTA Stock</h2>
By now you're likely curious about how to participate in the market for Siyata Mobile &#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.
In the the case of Siyata Mobile, which is trading at $2.42 as of publishing time, $100 would buy you 41.32 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, SYTA has a 52-week high of $104.90 and a 52-week low of $2.32.

SYTA

Why Siyata Mobile (SYTA) Stock Is Falling

Better Choice Company Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTTR#AMEX">BTTR</a>) shares are trading higher Tuesday after the company <a href="https://www.benzinga.com/pressreleases/24/04/g38270320/better-choice-company-board-of-directors-authorize-stock-repurchase-program">announced a share repurchase program.&nbsp;</a>
The Details:
Better Choice's board of directors has authorized a stock repurchase program under which the company can repurchase up to $5 million of the currently outstanding shares of its common stock, until Dec. 31, 2024.
The company<a href="https://www.benzinga.com/pressreleases/24/04/g38228666/better-choice-company-inc-announces-fourth-quarter-and-full-year-2023-results"> reported </a>its fourth-quarter financial results Friday with losses of $6.51 per share and quarterly sales of $5.702 million.&nbsp;
&#8220;In 2023, we realized significant gross margin improvement to 31%, fueled by strategic pricing initiatives and a 3% YOY improvement of input costs &#8211; a reflection of operational discipline and unlocking profit through high production supply volumes. Our further continued focus on financial discipline and a path to profitability is reflected in the 29% adjusted EBITDA growth and significant improvement in cash burn during the year," Kent Cunningham, CEO of Better Choice.
Related News: <a href="https://www.benzinga.com/news/24/04/38255034/whats-going-on-with-rivian-automotive-stock">What&#8217;s Going On With Rivian Automotive Stock?</a>
<h2 class="wp-block-heading">Is BTTR A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/BTTR">Better Choice</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Better Choice does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 14.67%, you'll need to buy a share of Medical Properties Trust by April 19. Once done, you can expect to receive a nominal payout of 15 cents on May 1.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/BTTR">Better Choice </a>will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
BTTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Better Choice Company shares are up 22.9% at $6.27 at the time of publication Tuesday.
Image: from Pixabay

Earnings

Movers

BTTR

Why Better Choice Stock Is Climbing Higher Today

Trading Ideas

LGVN

Watching Longeveron Shares; Zacks Small-Cap Research Sets $15.15 Valuation

WIIM

Better Choice Company shares are trading higher after the company authorized a $5 million stock repurchase program.

Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares are trading lower by 17% to $0.07 during Tuesday&#8217;s session after the company announced a 1-for-80 reverse stock split of its Class A and Class B common stock, <a href="https://www.benzinga.com/pressreleases/24/04/g38266050/beneficient-announces-reverse-stock-split-to-regain-compliance-with-nasdaqs-minimum-bid-price">effective April 18</a>.
The split aims to comply with Nasdaq&#8217;s minimum bid price requirement. After the split, every 80 shares will be consolidated into one share, with adjustments to equity awards and convertible securities. The total authorized shares will be reduced proportionally. 
Fractional shares will be rounded up, and holders need not take action if shares are held electronically. The outstanding shares are expected to decrease from about 287.87 million to approximately 3.6 million post-split.
See Also: <a href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions">Intel and Nvidia Reveal New Products for China, Adapt AI Chip Strategies in Response to US Sanctions</a>
<h2 class="wp-block-heading">How To Buy BENF Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Beneficient&#8217;s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BENF has a 52-week high of $16.50 and a 52-week low of $0.048.

BENF

Why Beneficient (BENF) Shares Are Getting Hammered

Deep-pocketed investors have adopted a bullish approach towards APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</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 APA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for APA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 30% bearish. Among these notable options, 3 are puts, totaling $147,775, and 7 are calls, amounting to $380,612.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $32.5 and $40.0 for APA, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
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 APA'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 APA's whale trades within a strike price range from $32.5 to $40.0 in the last 30 days. 
<h3>APA 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285985_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>APA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$2.44</td>
<td>$2.4</td>
<td>$2.44</td>
<td>$32.50</td>
<td>$122.0K</td>
<td>7.2K</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>APA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.02</td>
<td>$2.01</td>
<td>$2.02</td>
<td>$32.50</td>
<td>$98.5K</td>
<td>1.1K</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.15</td>
<td>$35.00</td>
<td>$55.1K</td>
<td>2.3K</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.1</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$40.00</td>
<td>$54.4K</td>
<td>62</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>APA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.96</td>
<td>$0.95</td>
<td>$0.96</td>
<td>$35.00</td>
<td>$48.0K</td>
<td>3.1K</td>
<td style="text-align: right;">48</td>
</tr>
</tbody>
</table>

<h3>About APA</h3>
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
<h3>Current Position of APA</h3>
<ul>
<li>With a trading volume of 2,281,717, the price of APA is down by -2.04%, reaching $32.48.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 15 days from now.</li>
</ul>
<h3>What Analysts Are Saying About APA</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $40.6.
<ul>
<li>An analyst from RBC Capital has decided to maintain their Sector Perform rating on APA, which currently sits at a price target of $45. </li>
<li>An analyst from Morgan Stanley downgraded its action to Underweight with a price target of $28. </li>
<li>An analyst from Barclays downgraded its action to Equal-Weight with a price target of $40. </li>
<li>An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $59. </li>
<li>An analyst from Goldman Sachs persists with their Sell rating on APA, maintaining a target price of $31. </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 APA with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

APA Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bearish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $637,075, and 4 were calls, valued at $188,700.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $145.0 for Enphase Energy, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
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 Enphase Energy'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 Enphase Energy's whale trades within a strike price range from $80.0 to $145.0 in the last 30 days. 
<h3>Enphase Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285980_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>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$32.2</td>
<td>$31.55</td>
<td>$31.6</td>
<td>$110.00</td>
<td>$316.0K</td>
<td>282</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$6.3</td>
<td>$6.1</td>
<td>$6.29</td>
<td>$85.00</td>
<td>$251.6K</td>
<td>1.1K</td>
<td style="text-align: right;">8</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$16.1</td>
<td>$16.05</td>
<td>$16.05</td>
<td>$110.00</td>
<td>$96.3K</td>
<td>317</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$25.15</td>
<td>$22.7</td>
<td>$23.8</td>
<td>$130.00</td>
<td>$38.0K</td>
<td>627</td>
<td style="text-align: right;">8</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$2.52</td>
<td>$2.29</td>
<td>$2.33</td>
<td>$113.00</td>
<td>$37.2K</td>
<td>306</td>
<td style="text-align: right;">178</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Current Position of Enphase Energy</h3>
<ul>
<li>With a trading volume of 1,570,915, the price of ENPH is down by -1.78%, reaching $110.47.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Enphase Energy</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 $130.5.
<ul>
<li>Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $121.</li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $140. </li>
</ul>
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 Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ENPH

Enphase Energy's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on Reddit.
Looking at options history for Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 87% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $77,200 and 6, calls, for a total amount of $416,132.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $70.0 for Reddit during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Reddit's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Reddit's substantial trades, within a strike price spectrum from $25.0 to $70.0 over the preceding 30 days.
<h3>Reddit Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285974_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$17.8</td>
<td>$17.5</td>
<td>$17.5</td>
<td>$25.00</td>
<td>$175.0K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">208</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$2.95</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$50.00</td>
<td>$85.8K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$3.4</td>
<td>$2.95</td>
<td>$2.95</td>
<td>$50.00</td>
<td>$59.2K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.4</td>
<td>$37.50</td>
<td>$51.0K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.2</td>
<td>$4.24</td>
<td>$70.00</td>
<td>$39.9K</td>
<td style="text-align: right;">524</td>
<td style="text-align: right;">3</td>
</tr>
</tbody>
</table>

<h3>About Reddit</h3>
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
In light of the recent options history for Reddit, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Reddit Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,216,906, the price of RDDT is up by 3.13%, reaching $41.25.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 21 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Reddit</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $48.8.
<ul>
<li>Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $46.</li>
<li>Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $55.</li>
<li>Reflecting concerns, an analyst from Citigroup lowers its rating to Buy with a new price target of $53.</li>
<li>In a cautious move, an analyst from Raymond James downgraded its rating to Strong Buy, setting a price target of $50. </li>
<li>An analyst from Bernstein downgraded its action to Underperform with a price target of $40. </li>
</ul>
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 Reddit options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

RDDT

Decoding Reddit's Options Activity: What's the Big Picture?

Maxim Group analyst Jack Vander Aarde downgrades Mobile Global Esports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGAM#NASDAQ">MGAM</a>) from Buy to Hold.

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Maxim Group Downgrades Mobile Global Esports to Hold

Alliance Global Partners analyst Jake Sekelsky maintains TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and raises the price target from $1.5 to $1.75.

Alliance Global Partners Maintains Buy on TRX Gold, Raises Price Target to $1.75

Two-time national women's college basketball player of the year Caitlin Clark is the top overall pick in the 2024 <a href="https://www.benzinga.com/topic/wnba">WNBA Draft</a>. 
What Happened: Clark, who played for the Hawkeyes at the University of Iowa, dominated the stat sheets in the NCAA. She also helped women's basketball generate<a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom"> impressive television viewership.</a>
The Indiana Fever now hopes that Clark, the team&#8217;s first-overall pick in the draft lottery, will help generate enough wins to get back into the WNBA playoffs. 
The Fever had back-to-back top picks overall. But the team has not reached the WNBA Playoffs since 2016 and last won the league championship in 2012. 
Struggles persisted since the retirement of former WNBA star Tamika Catchings (2016), according to <a href="https://www.espn.com/wnba/story/_/id/39951045/indiana-fever-select-iowa-caitlin-clark-top-pick-2024-wnba-draft">ESPN</a>.
Aliyah Boston (South Carolina) was drafted first overall in 2023 and won WNBA Rookie of the Year. With the combined star power of Boston and Clark, hopes are high for next season. 
In the 2023 WNBA season, the Fever finished 10th out of 12 teams with a 13-27 record overall. The team finished last in the league in 2022 with a 5-31 record.
For the WNBA, the draft lottery takes the four teams with the worst records over the last two combined seasons and holds a drawing to see who wins the top pick. The Fever had a 44.2% chance of winning the lottery.
Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/02/37186778/exclusive-caitlin-clark-taylor-swifts-impact-more-women-bet-on-sports-womens-basketball-dr">EXCLUSIVE: Caitlin Clark, Taylor Swift&#8217;s Impact — More Women Bet On Sports, Women&#8217;s Basketball, DraftKings CEO Says</a>
Incoming Viewership Boost: While at Iowa, Clark helped set records for women's basketball viewership several times during the 2023-2024 NCAA Women's Basketball Tournament. 
This includes the NCAA Women's Basketball Championship game <a href="https://www.benzinga.com/general/sports/24/04/38192760/womens-ncaa-title-game-outdraws-the-mens-championship-with-an-average-of-18-9-million-viewers">hitting an average</a> of 18.9 million viewers on The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) owned ABC. 
The game peaked at 24.1 million viewers and the 18.9 million average outdrew the NCAA Men's Basketball Championship game (14.8 million average).
After only having 22 of their 40 2023 games nationally televised, the Fever will see the figure significantly <a href="https://fever.wnba.com/news/indiana-fever-to-play-36-games-on-national-television-in-2024-regular-season/">lifted </a>to 36 of their 40 games for the 2024 season thanks to the highly anticipated first season of Clark.
Media partners of the WNBA could benefit with Clark's debut season and the likely strong viewership that comes with it.
Disney will air eight games across ABC, ESPN and ESPN2, including the May 14 opening game. ESPN aired one Fever game last year. ABC didn&#8217;t air any games.
Ion, owned by E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), will air eight Fever games for the 2024 WNBA season.
CBS, which is a unit of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), will air three Fever games during the season.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) owned Prime Video will air four Fever games during the season.
NBA-owned streaming platform, NBA TV, will air the Fever 13 times during the season.
Betting Odds: Sportsbooks are enjoying a boost in interest thanks to women's college basketball games. Many reported<a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom"> record betting figures</a> during the NCAA Women's Basketball Tournament thanks to Clark.
Several sportsbooks have odds out for the upcoming WNBA season.
DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) lists the Fever with the fifth-best odds to win the 2024 WNBA Championship at +2,000. The sportsbook also has a win total listed at 21.5 for the Fever. That&#8217;s more wins than the team had in the past two combined seasons.
At Flutter Entertainment&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) FanDuel, odds of Clark winning MVP of the 2024 WNBA season are listed at +1,200. That&#8217;s fourth best among players. Clark is also the favorite to win WNBA Rookie of the Year for the 2024 season with odds of -950.
Now Read: <a href="https://www.benzinga.com/general/gaming/24/04/38170136/prop-betting-on-college-athletes-is-enormously-problematic-ncaa-president-says-is-that-really-what">Prop Betting On College Athletes Is &#8216;Enormously Problematic,&#8217; NCAA President Says: &#8216;Is That Really What We Should Talk About?&#8217;</a>
Image: Caitlin Clark, JD Scott-MGoBlog via Flicker Creative Commons

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Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro

Timberline shareholders will have the right to receive 0.01 of a share of McEwen's common stock for each share of Timberline's common stock (the "Exchange Ratio"), representing a value of US$0.102 per Timberline share, calculated based on the 20-day volume weighted average trading price of McEwen's shares on the NYSE at the close on April 15th, 2024. This represents an 132% premium to Timberline's 20-day volume-weighted average price on the OTCQB. McEwen currently owns 6.25 million Timberline shares representing approximately 3.3% of Timberline's basic common shares outstanding and 6.25 million Timberline warrants. Excluding McEwen's existing ownership, McEwen expects to issue approximately 1.84 million shares on closing for a transaction value of US$18.8 million.

McEwen Mining To Acquire Timberline Resources At 132% Premium

Deutsche Bank analyst Bryan Kraft maintains Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) with a Hold and lowers the price target from $375 to $320.

CHTR

Deutsche Bank Maintains Hold on Charter Communications, Lowers Price Target to $320

Being locked up in prison for cannabis "has to end," said Kyle Kazan, Glass House Brands Inc.&#8216;s (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTCQX">GLASF</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GHBWF#OTCQX">GHBWF</a>) CEO and chairman, who stressed that many people are still sitting in federal prison, "living in cages" for a plant.
Kazan urged the crowd gathered at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Hollywood, Florida on Tuesday to pick up the phone and call their representatives in Congress and also President Joe Biden to remind him he "didn&#8217;t say simple possession." 
"When you said you [Biden] were going to pardon people, you said you were going to pardon people for cannabis and do it," he told Jesse Redmond, a managing director at Water Tower Research, during the keynote.
See also: <a href="https://www.benzinga.com/markets/cannabis/24/02/37269823/exclusive-glass-house-ceo-legalizing-cannabis-isnt-just-about-the-economy-its-about-righting-pas">EXCLUSIVE: Glass House CEO Says &#8216;Legalizing Cannabis Isn&#8217;t Just About The Economy, It&#8217;s About Righting Past Wrongs&#8217;</a>
<h3 class="wp-block-heading">California: Tough Place For Retail Cannabis</h3>
Kazan's company runs ten stores throughout the Golden State, with plans to expand its retail footprint statewide. However, making money in retail in California is hard, Kazan said.
Yet, Glass House has performed so well during a tough period for so many California operators. Last month the company reported an 89% surge in annual revenue to $160.8 million, <a href="https://www.benzinga.com/markets/cannabis/24/03/37985215/cannabis-company-glass-house-reports-89-increase-in-revenue-aims-for-50-m-profits-in-2024">setting a new record.</a>
The formula that has worked for Glass House was a focus on "getting the best possible cannabis," and "the best possible prices to people," Kazan continued.
Enter the company's new line of cannabis products under its value cannabis brand, Allswell.
"We rolled out this year, 9.99 out the door to the consumer," Kazan said. "We think that&#8217;s the best way to attack the illicit market is to bring people over."
However, even though cannabis grows "well" and "cheaply" in California, many businesses continue to struggle, he explained.
In addition to high taxes, there's a thriving traditional market, which Kazan called both "a blessing and a curse."
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get direct access <a href="https://www.benzinga.com/research/cannabis-capital-conference">through our research platform</a>. For new users, you can get <a href="https://www.benzinga.com/premium/ideas/sales-landing-2-2/">instant access here</a>!
Why?
California has a decades-long cannabis history. "California has been growing cannabis up in the Emerald Triangle," for a long time. "The police never took it that seriously," which he said allowed the traditional market to thrive.
On the other hand, low prices for illegal weed have hit legal operators the hardest.
Federal legalization of cannabis would put an end to most of the challenges cannabis operators are facing not just in California, but nationwide.
&nbsp;But, until that happens, Glass House will continue to grow in California. 
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/02/37166627/exclusive-undo-the-harms-of-the-war-on-drugs-says-glass-house-ceo">EXCLUSIVE: &#8216;Undo The Harms Of The War On Drugs,&#8217; Says Glass House CEO</a>

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EXCLUSIVE: CEO Of This California Company Has  Advice On How To Beat The Illicit Cannabis Market, Shares His Formula At Benzinga Conference

HSBC analyst Saul Martinez maintains Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) with a Buy and raises the price target from $460 to $470.

HSBC Maintains Buy on Goldman Sachs Gr, Raises Price Target to $470

<h3>Gainers</h3>
<ul>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) stock rose 15.3% to $2.86 during Tuesday's regular session. The company's market cap stands at $184.4 million. </li>
<li>a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares moved upwards by 9.62% to $12.87. The market value of their outstanding shares is at $135.1 million. </li>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares increased by 9.62% to $4.33. The company's market cap stands at $1.6 billion. </li>
<li>Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) shares rose 9.42% to $0.6. The company's market cap stands at $93.8 million. </li>
<li>Charles &amp; Colvard (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTHR#NASDAQ">CTHR</a>) stock rose 9.27% to $0.33. The market value of their outstanding shares is at $10.0 million. </li>
<li>Massimo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMO#NASDAQ">MAMO</a>) stock moved upwards by 9.17% to $3.71. The market value of their outstanding shares is at $153.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares decreased by 69.8% to $0.21 during Tuesday's regular session. The market value of their outstanding shares is at $11.2 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares decreased by 28.46% to $4.51. The company's market cap stands at $12.9 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares decreased by 19.6% to $5.95. The market value of their outstanding shares is at $29.1 million. </li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock decreased by 13.14% to $0.13. The market value of their outstanding shares is at $3.4 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock decreased by 12.87% to $0.61. The market value of their outstanding shares is at $2.2 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares declined by 11.56% to $2.22. The market value of their outstanding shares is at $21.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Palisade Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) stock increased by 65.1% to $6.87 during Tuesday's regular session. The company's market cap stands at $5.8 million. </li>
<li>China SXT Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) shares rose 54.7% to $1.81. The market value of their outstanding shares is at $1.0 million. </li>
<li>Dynatronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares increased by 40.38% to $0.52. The company's market cap stands at $2.5 million. </li>
<li>Jaguar Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) stock rose 34.59% to $0.16. The company's market cap stands at $44.1 million. </li>
<li>BioSig Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSGM#NASDAQ">BSGM</a>) stock rose 29.09% to $1.42. The market value of their outstanding shares is at $13.2 million. </li>
<li>Intra-Cellular Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) shares rose 26.49% to $81.92. The market value of their outstanding shares is at $7.9 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Calidi Biotherapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#AMEX">CLDI</a>) shares decreased by 58.5% to $0.25 during Tuesday's regular session. The company's market cap stands at $8.8 million. </li>
<li>Pacific Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) stock decreased by 44.98% to $1.56. The company's market cap stands at $418.0 million. </li>
<li>Portage Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares decreased by 32.36% to $0.23. The market value of their outstanding shares is at $4.5 million. </li>
<li>Nexalin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXL#NASDAQ">NXL</a>) stock fell 25.77% to $1.47. The market value of their outstanding shares is at $10.9 million. </li>
<li>PaxMedica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXMD#NASDAQ">PXMD</a>) shares declined by 22.27% to $0.58. The market value of their outstanding shares is at $4.2 million. </li>
<li>Adlai Nortye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANL#NASDAQ">ANL</a>) shares decreased by 17.81% to $9.0. The market value of their outstanding shares is at $332.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock rose 25.1% to $2.54 during Tuesday's regular session. The company's market cap stands at $48.5 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) shares moved upwards by 23.37% to $3.8. The company's market cap stands at $32.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares increased by 19.38% to $2.34. The market value of their outstanding shares is at $19.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 14.97% to $3.8. The company's market cap stands at $2.7 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock increased by 13.92% to $2.7. The market value of their outstanding shares is at $40.1 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares increased by 12.26% to $3.02. The market value of their outstanding shares is at $29.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) stock fell 36.9% to $5.81 during Tuesday's regular session. The market value of their outstanding shares is at $47.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) stock declined by 16.93% to $0.22. The market value of their outstanding shares is at $10.6 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 14.17% to $0.44. The company's market cap stands at $35.7 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares decreased by 12.43% to $1.48. The company's market cap stands at $2.4 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) stock decreased by 10.87% to $13.29. The company's market cap stands at $598.5 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock fell 9.82% to $0.53. The market value of their outstanding shares is at $90.5 million. As per the news, the Q4 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Intraday Session

Chocoladefabriken Lindt & Sprüngli AG 2023 Q2 - Results - Earnings Call Presentation

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Chocoladefabriken Stock (OTC:CHLSY), Trade Ideas