Ferrexpo (OTC:FEEXY) Stock, Quote.Headers.trade-ideas

Ferrexpo PLC is engaged in the mining, processing, and selling of iron ore pellets to the steel industry. It produces blast furnace pellets with iron grade. The company exports all its production to countries in Europe and Asia including Austria, Japan, Germany, South Korea, Slovakia, Turkey, and China, as well as other European and Asian countries. It generates the maximum revenue from the Central Europe region.

Ferrexpo PLC

WIIM

BLMZ

BloomZ Inc shares are trading higher after the company last week announced it entered into a business agreement with CrossVision for joint entertainment offerings.

GQRE

Guidewire Software shares are trading higher after Citigroup and DA Davidson raised their respective price targets on the stock.

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Management

Norfolk Southern CEO Alan Shaw Expected To Step Down Amid Board Investigation

VSAT

ViaSat shares are trading lower. The company a proposed a $1.25 billion private placement of senior secured notes for debt repayment.

<p><a href="https://sam.gov/opp/7b8e625f7406478681bcd5af07ca7f2b/view" title="https://sam.gov/opp/7b8e625f7406478681bcd5af07ca7f2b/view">https://sam.gov/opp/7b8e625f7406478681bcd5af07ca7f2b/view</a></p>


Ginkgo Bioworks Awarded $118M U.S. Government HHS Contract

<p>Deep-pocketed investors have adopted a bullish approach towards Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</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 GOOGL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 129 extraordinary options activities for Alphabet. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 46% leaning bullish and 40% bearish. Among these notable options, 56 are puts, totaling $5,158,312, and 73 are calls, amounting to $5,722,039.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $260.0 for Alphabet, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alphabet's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alphabet's significant trades, within a strike price range of $5.0 to $260.0, over the past month.</p>
<h3>Alphabet 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725910260_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><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.2</td>
<td>$10.15</td>
<td>$10.19</td>
<td>$150.00</td>
<td>$537.8K</td>
<td>8.4K</td>
<td>637</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$9.3</td>
<td>$9.25</td>
<td>$9.3</td>
<td>$150.00</td>
<td>$284.5K</td>
<td>6.4K</td>
<td>3.8K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$21.1</td>
<td>$19.3</td>
<td>$20.05</td>
<td>$150.00</td>
<td>$200.5K</td>
<td>495</td>
<td>100</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$9.2</td>
<td>$9.15</td>
<td>$9.2</td>
<td>$150.00</td>
<td>$152.7K</td>
<td>6.4K</td>
<td>2.8K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$143.05</td>
<td>$142.35</td>
<td>$143.04</td>
<td>$5.00</td>
<td>$143.0K</td>
<td>1</td>
<td>30</td>
</tr>
</tbody>
</table>
</p>
<h3>About Alphabet</h3>
<p>Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.</p>
<p>Following our analysis of the options activities associated with Alphabet, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Alphabet</h3>
<ul>
<li>Currently trading with a volume of 24,712,529, the GOOGL's price is down by -1.77%, now at $148.05. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
<h3>Professional Analyst Ratings for Alphabet</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $204.2.</p>
<ul>
<li>Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $205.</li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Alphabet with a target price of $190. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $210.</li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $210.</li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Alphabet with a target price of $206. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alphabet with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Markets

GOOGL

Alphabet Unusual Options Activity For September 09

<p>Investors with significant funds have taken a bearish position in TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in TJX usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 15 options transactions for TJX Companies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 46% being bullish and 53% bearish. Of all the options we discovered, 14 are puts, valued at $603,076, and there was a single call, worth $82,500.</p>
<h3>Projected Price Targets</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $135.0 for TJX Companies during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for TJX Companies's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of TJX Companies's whale activity within a strike price range from $100.0 to $135.0 in the last 30 days. </p>
<h3>TJX Companies Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725910255_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.55</td>
<td>$4.45</td>
<td>$4.55</td>
<td>$120.00</td>
<td>$136.5K</td>
<td>1.3K</td>
<td style="text-align: right;">760</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.5</td>
<td>$18.35</td>
<td>$18.35</td>
<td>$135.00</td>
<td>$113.7K</td>
<td>0</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.25</td>
<td>$8.15</td>
<td>$8.25</td>
<td>$110.00</td>
<td>$82.5K</td>
<td>2.9K</td>
<td style="text-align: right;">112</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.5</td>
<td>$4.45</td>
<td>$4.5</td>
<td>$120.00</td>
<td>$62.1K</td>
<td>1.3K</td>
<td style="text-align: right;">405</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.5</td>
<td>$4.45</td>
<td>$4.48</td>
<td>$120.00</td>
<td>$31.3K</td>
<td>1.3K</td>
<td style="text-align: right;">266</td>
</tr>
</tbody>
</table>
</p>
<h3>About TJX Companies</h3>
<p>TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.</p>
<p>Following our analysis of the options activities associated with TJX Companies, we pivot to a closer look at the company's own performance.</p>
<h3>TJX Companies's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,279,996, the price of TJX is up by 1.39%, reaching $117.23.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 65 days from now.</li>
</ul>
<h3>What The Experts Say On TJX Companies</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $133.4.</p>
<ul>
<li>Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for TJX Companies, targeting a price of $128. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for TJX Companies, targeting a price of $129. </li>
<li>An analyst from Baird persists with their Outperform rating on TJX Companies, maintaining a target price of $128. </li>
<li>Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on TJX Companies with a target price of $134. </li>
<li>An analyst from UBS has decided to maintain their Buy rating on TJX Companies, which currently sits at a price target of $148. </li>
</ul>
<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 TJX Companies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


TJX Companies Options Trading: A Deep Dive into Market Sentiment

<p>Deep-pocketed investors have adopted a bearish approach towards Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</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 WDAY usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Workday. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 2 are puts, totaling $114,920, and 6 are calls, amounting to $249,021.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $280.0 for Workday, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Workday's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Workday's significant trades, within a strike price range of $210.0 to $280.0, over the past month.</p>
<h3>Workday Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725910249_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><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.5</td>
<td>$0.25</td>
<td>$0.31</td>
<td>$280.00</td>
<td>$63.9K</td>
<td>2.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>WDAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$5.3</td>
<td>$3.9</td>
<td>$4.2</td>
<td>$245.00</td>
<td>$63.0K</td>
<td>5</td>
<td>0</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$45.2</td>
<td>$43.6</td>
<td>$43.6</td>
<td>$210.00</td>
<td>$56.6K</td>
<td>18</td>
<td>13</td>
</tr>
<tr>
<td>WDAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$11.8</td>
<td>$11.6</td>
<td>$11.8</td>
<td>$260.00</td>
<td>$51.9K</td>
<td>963</td>
<td>83</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$260.00</td>
<td>$45.5K</td>
<td>596</td>
<td>86</td>
</tr>
</tbody>
</table>
</p>
<h3>About Workday</h3>
<p>Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.</p>
<p>After a thorough review of the options trading surrounding Workday, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Workday Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,753,307, with WDAY's price down by -0.44%, positioned at $253.47.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About Workday</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $282.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Workday with a target price of $270. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Workday with a target price of $265. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Workday, maintaining a target price of $315. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Workday with a target price of $300. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $260. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Workday, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


WDAY

Market Whales and Their Recent Bets on WDAY Options

<p>ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) has outperformed the market over the past 15 years by 5.67% on an annualized basis producing an average annual return of 17.22%. Currently, ResMed has a market capitalization of $35.98 billion. </p>
<p><strong>Buying $1000 In RMD:</strong> If an investor had bought $1000 of RMD stock 15 years ago, it would be worth <strong>$10,846.15</strong> today based on a price of $244.87 for RMD at the time of writing.</p>
<h3>ResMed's Performance Over Last 15 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725910215_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Trading Ideas

Here's How Much You Would Have Made Owning ResMed Stock In The Last 15 Years

<p>Former President <strong>Donald Trump</strong> is <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40738087/trump-leads-harris-on-polymarket-dominates-swing-states-bettors-at-odds-with-national-poll">gaining ground in key Rust Belt states</a>, a shift that could significantly impact the 2024 presidential election landscape, according to the new data from prediction market <strong>Polymarket</strong>. </p>
<p><strong>What Happened</strong>: In Pennsylvania, a state crucial to any path to the White House, Trump now <a href="https://polymarket.com/elections">holds</a> a 55% chance of victory compared to Vice President Kamala Harris&#8217;s 45%. Trump has built on his lead in the Keystone State, which was tied at 50:50 only a few weeks ago.</p>
<p>Michigan, traditionally a Democratic stronghold, is also witnessing a tightening race.</p>
<p>While Harris maintains an edge, her lead has eroded from 59% to 55%.</p>
<p>This 4-point drop signals growing Republican momentum in a state that proved pivotal in the 2016 election.</p>
<p>The trend extends beyond the Rust Belt. </p>
<p>In Arizona, Trump&#8217;s position has strengthened to 63%, leaving Harris trailing at 37%. </p>
<p>Georgia, another battleground state, shows Trump with a solid 60% to 40% advantage.</p>
<p>Even Nevada, often considered a toss-up, now leans towards Trump with a 54% to 46% edge.</p>
<p><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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure></p>
<p><strong>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40777026/ether-fi-launches-blockchain-credit-card-offering-3-cash-back-and-crypto-collateral-throug">Ether.fi Launches Blockchain Credit Card Offering 3% Cash-Back And Crypto Collateral Through Scroll Partnership</a></strong></p>
<p>These Polymarket predictions, based on over $800 million in wagers, paint a picture of a resurgent Trump campaign. </p>
<p>Overall, the former president holds a 52% chance of reclaiming the White House, compared to Harris&#8217;s 46%. </p>
<p>The prediction market data stands in contrast to several <a href="https://www.benzinga.com/news/24/09/40764532/trump-vs-harris-candidates-tied-in-key-poll-as-crucial-debate-nears">national polls</a>, some of which have shown Kamala Harris leading nationally. The extending lead of the evening of the first <a href="https://www.benzinga.com/news/24/09/40765412/trump-allies-worry-he-might-sabotage-his-debate-performance-i-pray-he-can-be-disciplined">Presidential debate</a> between the former President and the current Vice President.</p>
<p><strong>What&#8217;s Next</strong>: As these political shifts unfold, the financial world is taking notice and the upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19 is positioned to explore the intersection of politics and cryptocurrency markets.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">MicroStrategy&#8217;s Bitcoin Strategy Has Outperformed Every S&amp;P 500 Company And Even Nvidia Since 2020, Says Michael Saylor</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


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Cryptocurrency

Donald Trump Widens Election Odds Lead In The Rust Belt States Ahead Of Crucial Debate With VP Kamala Harris

<p><strong>Apple Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) saw its stock dip to its lowest level in four weeks on Monday, falling 1.4% to $218 a share by 3:00 p.m. ET, following the much-anticipated unveiling of the iPhone 16 series at Apple <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">Park in Cupertino, California. </a></p>
<p>Despite the unveiling of multiple new products, including the iPhone 16, Apple Watch Series 10, and updated AirPods, investor immediate response was tepid, in line with past episodes. </p>
<p>Last week, Bank of America analyst Wamsi Mohan noted, &#8220;Past events have seen the stock pull back after the event, only to recover 30-60 days post event.&#8221;</p>
<h3 class="wp-block-heading">iPhone 16 Pricing:</h3>
<ul>
<li><strong>iPhone 16</strong>: Starts at $799</li>
<li><strong>iPhone 16 Plus</strong>: Starts at $899</li>
<li><strong>iPhone 16 Pro</strong>: Starts at $999</li>
<li><strong>iPhone 16 Pro Max</strong>: Starts at $1,199</li>
</ul>
<h3 class="wp-block-heading">Apple Watch Series 10 Pricing:</h3>
<ul>
<li><strong>Apple Watch Series 10</strong>: Starts at $399</li>
</ul>
<h3 class="wp-block-heading">Apple Watch Ultra 2 Pricing:</h3>
<ul>
<li><strong>Apple Watch Ultra 2</strong>: Starts at $799</li>
</ul>
<h3 class="wp-block-heading">AirPods Pricing:</h3>
<ul>
<li><strong>AirPods 4</strong>: $129</li>
<li><strong>AirPods 4 with Active Noise Cancellation</strong>: $179</li>
</ul>
<h2 class="wp-block-heading">Chart: Apple Dips On Apple Event</h2>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17-1024x450.png" alt="" class="wp-image-538220" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17-1024x450.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17-300x132.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17-768x337.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17-1536x674.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09150308/image-1-17.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<h2 class="wp-block-heading">New iPhone 16 Features</h2>
<p>The iPhone 16 features a new A18 Bionic chipset, which improves processing power and energy efficiency. It also integrates a new Action Button, providing customizable shortcuts, and dynamic island notifications that were introduced in last year's models. </p>
<p>The device is powered by iOS 18, allowing for deeper customization and enhanced privacy features. </p>
<p>The Pro versions come with larger 6.3-inch and 6.9-inch displays, thinner bezels, and new colors, including a &#8220;desert titanium&#8221; option. Additionally, the iPhone 16 Pro boasts improved camera technology, including a 48MP primary sensor and 4K 120fps slow-motion video recording.</p>
<p>The Pro models also feature the A18 Pro chip, an even more powerful processor than the standard A18, designed to handle more resource-intensive applications, including advanced photography and gaming. </p>
<p>Apple's emphasis on artificial intelligence was a key talking point during the event. Dubbed &#8220;Apple Intelligence,&#8221; the new AI system is integrated into the iPhone 16 models, aiming to enhance the capabilities of Siri by making it more contextually aware and personal for users.</p>
<p><strong>Craig Federighi</strong>, Apple's senior vice president of Software Engineering, highlighted the role of Apple Intelligence in shaping a more intuitive user experience, stating that the AI-powered system &#8220;marks the start of a new era for Siri, with richer language understanding and personalized interactions.&#8221;</p>
<h2 class="wp-block-heading">&#8216;A Multi-Year Software Driven Upgrade Cycle&#8217;</h2>
<p>Ahead of Monday&#8217;s unveiling, analyst Mohan offered a more optimistic perspective in a Sept. 5 note, suggesting that the market's immediate reaction may not reflect the company&#8217;s long-term potential.</p>
<p>Mohan highlighted historical data showing that Apple&#8217;s stock typically performs well 30 to 60 days after a major product launch, despite often seeing a pullback immediately following the event.</p>
<p>This has been the case with most iPhone releases, where investors initially react to the incremental nature of the updates, only for the stock to rebound once actual sales data starts rolling in. Mohan pointed out that the strongest post-launch rally occurred after the iPhone 11 series debut in 2019, when Apple shares surged by 20% within 60 days of the event.</p>
<p>He emphasized that Apple&#8217;s iPhone 16 launch marks the beginning of what could be &#8220;a multi-year software-driven upgrade cycle,&#8221; underpinned by the integration of advanced features like Apple Intelligence, which could fuel long-term growth.</p>
<p>Mohan also noted that the shipment timeline for the iPhone 16 mirrors that of last year&#8217;s iPhone 15 launch, with nine shipping days expected in the current fiscal quarter, giving Apple a small but significant window to report initial sales figures for the new models.</p>
<p>Bank of America maintained a Buy rating on Apple with a price target of $256, implying an 18% upside from current levels.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40777734/exclusive-small-caps-at-most-attractive-relative-valuations-since-1990s-says-russell-inv">EXCLUSIVE: Small Caps At &#8216;Most Attractive Relative Valuations&#8217; Since 1990s, Says Russell Investments&#8217; Paul Eitelman</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Analyst Color

Equities

Large Cap

Tech

AAPL

Apple Stock Hits 4-Week Low After iPhone 16 Launch; Analyst Previously Noted 30-60 Day Recovery Trend

EGIO

Edgio shares are trading lower after the company entered into a stalking horse asset purchase agreement with Lynrock.

NWSA

News Corp Receives Non-Binding Stockholder Proposal To Eliminate Dual-Class Structure; Board Reaffirms Support For Dual-Class Structure For Stability And Strategic Reasons

<p>Financial giants have made a conspicuous bullish move on Coinbase Glb. Our analysis of options history for Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) revealed 94 unusual trades.</p>
<p>Delving into the details, we found 51% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 39 were puts, with a value of $3,770,927, and 55 were calls, valued at $4,629,461.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $450.0 for Coinbase Glb, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $2.5 to $450.0 over the preceding 30 days.</p>
<h3>Coinbase Glb Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725909344_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>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$32.55</td>
<td>$32.05</td>
<td>$32.05</td>
<td>$140.00</td>
<td>$640.9K</td>
<td>138</td>
<td style="text-align: right;">197</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$153.5</td>
<td>$148.5</td>
<td>$153.49</td>
<td>$2.50</td>
<td>$460.4K</td>
<td>14</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$153.0</td>
<td>$148.5</td>
<td>$152.99</td>
<td>$2.50</td>
<td>$305.9K</td>
<td>14</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$23.8</td>
<td>$23.55</td>
<td>$23.6</td>
<td>$140.00</td>
<td>$236.0K</td>
<td>1.1K</td>
<td style="text-align: right;">202</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$35.3</td>
<td>$34.95</td>
<td>$35.17</td>
<td>$135.00</td>
<td>$211.0K</td>
<td>77</td>
<td style="text-align: right;">60</td>
</tr>
</tbody>
</table>
</p>
<h3>About Coinbase Glb</h3>
<p>Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.</p>
<p>Following our analysis of the options activities associated with Coinbase Glb, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Coinbase Glb</h3>
<ul>
<li>Trading volume stands at 6,277,900, with COIN's price up by 4.6%, positioned at $154.13.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 52 days.</li>
</ul>
<h3>What The Experts Say On Coinbase Glb</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $169.0.</p>
<ul>
<li>In a positive move, an analyst from Barclays has upgraded their rating to Equal-Weight and adjusted the price target to $169. </li>
</ul>
<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 Coinbase Glb options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


COIN

Behind the Scenes of Coinbase Glb's Latest Options Trends

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Snap</strong>.</p>
<p>Looking at options history for Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) we detected 13 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.</p>
<p>From the overall spotted trades, 10 are puts, for a total amount of $1,698,787 and 3, calls, for a total amount of $140,775.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $8.0 for Snap, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</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 Snap'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 Snap's whale trades within a strike price range from $5.0 to $8.0 in the last 30 days. </p>
<h3>Snap Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725909339_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><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.91</td>
<td>$0.89</td>
<td>$0.91</td>
<td>$8.00</td>
<td>$364.0K</td>
<td>8.1K</td>
<td>16.0K</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.89</td>
<td>$0.84</td>
<td>$0.88</td>
<td>$8.00</td>
<td>$318.3K</td>
<td>8.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.88</td>
<td>$0.87</td>
<td>$0.88</td>
<td>$8.00</td>
<td>$303.8K</td>
<td>8.1K</td>
<td>7.4K</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.19</td>
<td>$0.16</td>
<td>$0.17</td>
<td>$6.00</td>
<td>$226.8K</td>
<td>406</td>
<td>13.1K</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.18</td>
<td>$0.17</td>
<td>$0.17</td>
<td>$6.00</td>
<td>$160.2K</td>
<td>406</td>
<td>29.4K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Snap</h3>
<p>Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.</p>
<p>Having examined the options trading patterns of Snap, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Snap Standing Right Now?</h3>
<ul>
<li>With a volume of 16,783,265, the price of SNAP is down -1.68% at $8.47. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>Expert Opinions on Snap</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $9.5.</p>
<ul>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $8. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Snap with a target price of $11. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snap with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


SNAP

A Closer Look at Snap's Options Market Dynamics

<p>Deep-pocketed investors have adopted a bearish approach towards Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</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 APLD usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 29 extraordinary options activities for Applied Digital. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 41% leaning bullish and 44% bearish. Among these notable options, 4 are puts, totaling $142,500, and 25 are calls, amounting to $1,917,365.</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 $3.0 to $17.0 for Applied Digital over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Applied Digital stands at 2248.41, with a total volume reaching 41,575.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Digital, situated within the strike price corridor from $3.0 to $17.0, throughout the last 30 days.</p>
<h3>Applied Digital Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725909334_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><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.0</td>
<td>$0.95</td>
<td>$0.95</td>
<td>$5.00</td>
<td>$186.7K</td>
<td>11.5K</td>
<td>5.1K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.8</td>
<td>$1.75</td>
<td>$1.75</td>
<td>$4.00</td>
<td>$175.0K</td>
<td>3.3K</td>
<td>827</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.3</td>
<td>$3.33</td>
<td>$3.00</td>
<td>$165.6K</td>
<td>496</td>
<td>1.5K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$3.00</td>
<td>$165.2K</td>
<td>496</td>
<td>2.0K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.6</td>
<td>$2.4</td>
<td>$2.5</td>
<td>$4.00</td>
<td>$125.0K</td>
<td>2.1K</td>
<td>3.4K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Applied Digital</h3>
<p>Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.</p>
<p>After a thorough review of the options trading surrounding Applied Digital, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Applied Digital</h3>
<ul>
<li>Trading volume stands at 42,561,819, with APLD's price up by 42.64%, positioned at $6.49.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 28 days.</li>
</ul>
<h3>Expert Opinions on Applied Digital</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $9.4.</p>
<ul>
<li>Reflecting concerns, an analyst from HC Wainwright &amp; Co. lowers its rating to Buy with a new price target of $5.</li>
<li>Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Applied Digital, targeting a price of $10. </li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Applied Digital with a target price of $10. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $11.</li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $11.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Applied Digital with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


APLD

What the Options Market Tells Us About Applied Digital

VSTO

MNC Capital Partners Provides Details On Revised $43 Per Share Offer; States Vista Outdoor Has Shown No Indication Of Other All-Cash Acquisition Alternatives

TGTX

TG Therapeutics shares are trading higher after it was announced the stock will join the S&P SmallCap 600.

<p><strong>Dogecoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is enjoying a bounce as part of a wider relief rally and has again drawn the interest of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018603/elon-musk-has-a-soft-spot-for-dogecoin-warns-followers-if-you-see-me-pumping-crypto-its-no">Tesla CEO <strong>Elon Musk</strong></a>.</p>
<p><strong>What Happened:</strong> Dogecoin has rallied 8% in the past 24 hours, trading at $0.1029 at the time of writing. Crypto technical analyst Ali Martinez predicts a sustained close above $0.10 could push the meme coin out of its bullish falling wedge pattern to $0.15.</p>
<p>He <a href="https://x.com/ali_charts/status/1833032677475147849">stated</a>, "Imagine if, after all this craziness, Dogecoin is the one to break out and kick off the next leg up."</p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Imagine if, after all this craziness, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is the one to break out and kick off the next leg up&#8230; &#x1f440;<br /><br />Watch out for this falling wedge on the <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> daily chart — a sustained close above $0.10 could spark a bullish run to $0.15! <a href="https://t.co/oGIeR3yHtF">pic.twitter.com/oGIeR3yHtF</a></p>
<p>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1833032677475147849?ref_src=twsrc%5Etfw">September 9, 2024</a></p></blockquote>
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<p>Another crypto trader, Javon Marks, also <a href="https://x.com/JavonTM1/status/1833187398953668867">highlighted</a> a possible"multi-month Falling Wedge breakout." He added that a successful break could more than double Dogecoin&#8217;s price to $0.22, with an ultimate price target of $0.6533.</p>
<p><strong>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40754856/whats-going-on-with-dogecoin-crypto-trader-predicts-next-move-will-align-with-macro-golden">What&#8217;s Going On With Dogecoin? Crypto Trader Predicts Next Move Will Align With Macro Golden Cross</a></strong></p>
<p><strong>Why It Matters:</strong> Elon Musk teased the Dogecoin community by replying to a post of Dogecoin community account &#8216;DogeDesigner&#8217;. Musk replied to a humorous post about the &#8220;Department of Government Efficiency,&#8221; a nod to Musk&#8217;s rumored role in a Trump administration, with "our official mascot will be the Doge." Over the weekend, Musk had already <a href="https://x.com/elonmusk/status/1832319390940881133?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1832319390940881133%7Ctwgr%5Ee308dc03b28aa14f98ec94a2ad3f268a72862b0e%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Felon-musk-new-doge-post-excites-dogecoin-community">tweeted</a> an AI image of himself with "Department of Government Efficiency" and &#8220;DOGE&#8221; references in the image.</p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Naturally, our official mascot will be the Doge</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1832956111281877225?ref_src=twsrc%5Etfw">September 9, 2024</a></p></blockquote>
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<p>Crypto trader Unipcs thinks Musk is "seemingly intending to shill DOGE" and with October as &#8220;one of best months historically&#8221; thinks it is &#8220;all in time for rate cuts next week.&#8221; He <a href="https://x.com/theunipcs/status/1833178248261627931">concluded</a>, "I can&#8217;t help but feel things are about to get mental for crypto and meme coins in particular."</p>
<p>According to IntoTheBlock data, Dogecoin's large transaction volume has increased by 16% and daily active addresses by 0.99% over the past 24 hours. Exchanges netflows are down 1,085.9%. Around 72% of Dogecoin holders are currently in profit.</p>
<p><strong>What&#8217;s Next</strong>: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;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.</p>
<p><strong>Read Next:&nbsp;</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40689618/dogecoin-whale-transactions-pump-50-higher-this-technical-indicator-flashes-buy-signal">Dogecoin Whale Transactions Pump 50% Higher, This Technical Indicator Flashes &#8216;Buy Signal&#8217;</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


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