Foschini Gr (OTC:FHHGF) Stock, Quote.Headers.trade-ideas

Foschini Group Ltd is a South African fashion retailer. The company mainly offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular, and jewelry in South Africa. The Foschini Group is a diverse group with a portfolio of thirty-four fashion and lifestyle retail brands portfolio includes multiple brands such as Home, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group operates through TFG Africa retail division, TFG London, TFG Australia, and TFG Africa Credit segments. It earns the majority of its revenue from the TFG Africa retail segment.

FOSCHINI GROUP LTD by Foschini Group Ltd. (The)

Foschini Group Ltd

WIIM

MarineMax shares are trading lower after the company announced that certain west coast of Florida locations experienced significant damage and disruption due to Hurricane Helene. Consequently, the company expects FY24 revenue to be modestly lower.

Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) reported quarterly earnings of $0.44 per share. This is a 438.46 percent increase over losses of $(0.13) per share from the same period last year. The company reported $9.40 million in sales this quarter. This is a 427.79 percent increase over sales of $1.78 million the same period last year.

Earnings

News

Phoenix Motor Q1 Adj $0.44 Up From $(0.13) YoY, Sales $9.40M Up From $1.78M YoY

High-rolling investors have positioned themselves bearish on Ferrari (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RACE often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Ferrari. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $150,500, and 7 calls, totaling $332,726.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $460.0 to $580.0 for Ferrari over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Ferrari options trades today is 45.0 with a total volume of 209.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Ferrari's big money trades within a strike price range of $460.0 to $580.0 over the last 30 days.
<h3>Ferrari Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727986814_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RACE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$31.5</td>
<td>$28.7</td>
<td>$30.1</td>
<td>$480.00</td>
<td>$150.5K</td>
<td style="text-align: right;">88</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>RACE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$21.4</td>
<td>$20.0</td>
<td>$20.51</td>
<td>$580.00</td>
<td>$61.5K</td>
<td style="text-align: right;">21</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>RACE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$31.4</td>
<td>$29.4</td>
<td>$29.4</td>
<td>$480.00</td>
<td>$55.8K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">19</td>
</tr>
<tr>
<td>RACE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$22.6</td>
<td>$22.5</td>
<td>$22.6</td>
<td>$500.00</td>
<td>$51.9K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>RACE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$45.2</td>
<td>$42.9</td>
<td>$44.5</td>
<td>$460.00</td>
<td>$44.4K</td>
<td style="text-align: right;">71</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Ferrari</h3>
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2023, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 30%, China was 10%, and the rest of Asia was 12%.
In light of the recent options history for Ferrari, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Ferrari Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 323,798, the RACE's price is down by -1.55%, now at $450.09. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 28 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Ferrari options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

RACE

Spotlight on Ferrari: Analyzing the Surge in Options Activity

FDA Grants Fast Track Designation for Ivonescimab in 2L+ EGFRm NSCLC
HARMONi Completed Enrollment for Summit's First Sponsored Study Evaluating Ivonescimab
Topline data from the HARMONi Trial Is Expected in Mid-2025
Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) ("Summit," "we," or the "Company") today announced that we have completed enrollment in our HARMONi clinical trial, a multi-regional Phase III study sponsored by Summit evaluating ivonescimab plus platinum-doublet chemotherapy vs. placebo plus platinum-doublet chemotherapy with epidermal growth factor receptor (EGFR)-mutated, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC) who have progressed after treatment with a 3rd generation EGFR tyrosine kinase inhibitor (TKI). HARMONi completed enrolling patients from sites in North America, Europe, and China. This is a clinical setting with a patient population where PD-1 monoclonal antibodies have previously been unsuccessful in Phase III global clinical trials.

Biotech

General

SMMT

Summit Therapeutics Announces Completion Of Enrollment In Its Phase III HARMONi Trial in 2L+ EGFRm NSCLC; FDA Grants Fast Track Designation For Ivonescimab In 2L+ EGFRm NSCLC

The company expects to be at or near the low end of its Adjusted EBITDA&nbsp;guidance&nbsp;range for the fiscal year ended September 30, 2024.

Guidance

MarineMax Expects FY24 Revenue To Be Modestly Lower Than Anticipated Due To Impact From Hurricane Helene

UMH Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on our third quarter 2024 operating results: &nbsp;
<ol>
<li>As of quarter end, UMH achieved an equity market capitalization of over $1.5 billion.</li>
<li>During the third quarter, UMH converted 179 new homes from inventory to revenue generating homes. UMH now owns approximately 10,300 rental homes with an occupancy rate of 94.4%.</li>
<li>During the third quarter, UMH sold 100 homes of which 32 were new home sales. Gross home sales revenue for the third quarter was $8.7 million as compared to $7.9 million last year, representing an increase of approximately 10%.</li>
<li>Year to date, overall occupancy increased by 235 units to 87%. During the third quarter, overall occupancy increased by 39 units. Year over year, overall occupancy increased by 271 units.</li>
<li>Our occupancy gains and rent increases achieved throughout 2023 and 2024 have increased our September 2024 rental and related charges by approximately 8%, resulting in our annualized monthly rent roll generating $206 million.
<ol>
<li>We issued and sold approximately 5.7 million shares of Common Stock through our At-the-Market Sale program at a weighted average price of $18.93 per share, generating gross proceeds of $108.4 million.</li>
</ol>
</li>
</ol>

UMH Properties, Inc. Q3 2024 Operations Update; Achieved An Equity Market Capitalization Of Over $1.5B

The damage to other locations in the Southeast has been limited.&nbsp;

MarineMax Provides Preliminary Update On Hurricane Helene; Says Damage And Disruption To Certain Of Its Locations On The West Coast Of Florida Has Been Significant

Annual event featured UAS industry leaders determined through rigorous selection process

UAVS

AgEagle Aerial Systems eBee VISION Participates In REPMUS 2024 Exercise

Completes previously announced acquisition of eight senior living communities in the Southeast for $103 million, bringing total year-to-date acquired properties to 17 and total operating portfolio to 91 communities
Enters into agreement to acquire two new communities in Atlanta, GA for $29 million
Closes additional $75 million commitment on senior secured revolving credit facility, expanding total capacity to $150 million
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDA#NYSE">SNDA</a>), a leading owner, operator and investor in communities and services for seniors, today provided an update on its recently closed acquisitions and capital markets activity.

SNDA

Sonida Continues To Execute On Its Accretive Growth Plan And Upsizes Its Revolver; Enters Into Agreement To Acquire Two New Communities In Atlanta, GA For $29M

Management

VGAS

Verde Clean Appoints George Burdette As CFO

Global

Nikkei Says Toyota, Subaru To Launch Jointly Developed Electric Vehicles In Japan, U.S., Europe In 2026

Exusia also holds a&nbsp;portfolio of partnerships with Microsoft Azure, AWS, Databricks, Snowflake, Ab Initio, and Google Cloud.
Founded by&nbsp;Trevor Silver&nbsp;in 2012, Exusia provides services to leading companies in the healthcare, logistics, financial services and consumer products verticals, consolidating&nbsp;80%+ of its revenues in the U.S. while also developing businesses in&nbsp;South Africa&nbsp;and&nbsp;India.
Exusia employs 400 professionals, distributed between its talent delivery hubs in&nbsp;India, the U.S. and&nbsp;South Africa.&nbsp;Trevor Silver, his management team, and all of Exusia&#39;s team members will remain with Globant.

GLOB

Globant Says It Recently Acquired US-based IT Services Consulting Firm Exusia; No Terms Disclosed

Macro Economic Events

Politics

Economics

STLA

TSLA

Republican Presidential Nominee Trump Says If Elected, No State Will Be Able To Ban Gas-Powered Cars Or Trucks

MMLP

Martin Midstream Partners shares are trading higher after the company announced it will be acquired by Martin Resource Management.

Martin Midstream Partners L.P. (&quot;MMLP&quot;) (NASDAQ:<a href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) today announced that it has entered into a definitive agreement and plan of merger (&quot;Merger Agreement&quot;) pursuant to which Martin Resource Management Corporation (&quot;MRMC&quot;) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the &quot;Public Common Units&quot;). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.
The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units would receive&nbsp;$4.02&nbsp;per common unit owned, representing a&nbsp;34.00%&nbsp;premium to the market closing price prior to MRMC&#39;s initial proposal made on May 24, 2024 and an&nbsp;11.33%&nbsp;premium to the trailing 30-trading day volume-weighted average price.

Martin Midstream Partners L.P. To Be Acquired By Martin Resource Management Corporation; Proposed Deal For All-Cash Transaction Of $4.02 Per Common Unit

ABBV

Abbvie SAys Q3 2024 Adj Diluted EPS Guidance Range, Including Impact Of Q3 Acquired IPR&D And Milestones Expense Is $2.88-$2.92

AbbVie Reported GAAP & Adjusted Non-GAAP Earnings For Q3 Expected To Include Acquired IPR&D & Milestones Expense Of $82M On Pre-Tax Basis; FY Adj EPS Guidance Range, Including Impact Of Q3 2024 Acquired IPR&D And Milestones Expense, Is $10.67-$10.87; IPR&D & Milestones Expense Representing Unfavorable Impact Of $0.04 To Both GAAP Diluted Eps & Adj Non-GAAP Diluted EPS For Q3

Contracts

Parsons Selected By National Guard Bureau To Manage Operation And Maintenance Of Per-And Polyfluoroalkyl Substances Groundwater Treatment System At Burlington Air National Guard Base; Terms Not Disclosed

Phase 2b CORAL trial in idiopathic pulmonary fibrosis (IPF) chronic cough reaches 50% enrollment milestone; sample size re-estimation results expected in December 2024
Human Abuse Potential (HAP) study dosing complete; topline results expected in December 2024
NEW HAVEN, Conn., Oct. 3, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4270549-1&amp;h=2019748338&amp;u=https%3A%2F%2Fwww.trevitherapeutics.com%2F&amp;a=Trevi+Therapeutics%2C+Inc.">Trevi Therapeutics, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>), a clinical-stage biopharmaceutical company developing the investigational therapy Haduvio&#x2122; (oral nalbuphine ER) for the treatment of chronic cough in idiopathic pulmonary fibrosis (IPF) and refractory chronic cough (RCC), today provided updates on its clinical development programs.

TRVI

Trevi Therapeutics Provides Update on Haduvio's Clinical Development Program; Human Abuse Potential Study Dosing Complete; Phase 2b CORAL Trial In Idiopathic Pulmonary Fibrosis Chronic Cough Reaches 50% Enrollment Milestone; Sample Size Re-Estimation Results Expected In December 2024

Thomson Reuters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>), a global content and technology company, today announced it has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company that is a leading operator of digital platforms in high-value vertical categories, including Health and Legal.
Over the last 20 years, FindLaw has established itself as a premier destination for legal assistance and a key marketing platform for law firms. Internet Brands' proprietary operating model has powered best-in-class digital platforms for consumers and commercial partners since 1998 and is well-positioned to invest in and expand the FindLaw business.&nbsp;
This transaction will allow both Thomson Reuters and Internet Brands to concentrate on their strategic priorities, ensuring customers continue to receive top-tier service and support from FindLaw.
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approvals.
Centerview Partners LLC served as financial advisor to Thomson Reuters.

Asset Sales

Thomson Reuters Enters Into Definitive Agreement To Sell FindLaw Business To Internet Brands Pending Regulatory Approvals; Transaction Is Expected To Close In Q4 Of 2024, Pending Regulatory Approvals; No Financial Terms Disclosed

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Foschini Gr

Foschini Gr (FHHGF) Forecast

Foschini Gr (OTC:FHHGF) Stock, Quote.Headers.trade-ideas