Flex LNG Stock (NYSE:FLNG), Trade Ideas

Flex LNG

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

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GOOGL

On CNBC’s &#34;Halftime Report Final Trades,&#34; Steve Weiss of Short Hills Capital Partners said he has bought  some puts on  Invesco QQQ Trust (NASDAQ: 

Alphabet, Wabtec, Flex LNG And More On CNBC&#39;s &#39;Final Trades&#39;

CRWD

On CNBC’s &#34;Halftime Report Final Trades,&#34; Joshua Brown  of Ritholtz Wealth Management said  CrowdStrike Holdings, Inc.

CrowdStrike, EQT, FLEX LNG And A Major Health Insurer On CNBC&#39;s &#39;Final Trades&#39;

Penny Stocks

Pre-Market Outlook

GPRE

RCON

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Top 4 Energy Stocks That Are Preparing To Pump This Quarter

Flex LNG Ltd

<p>The Detroit Lions finished with one of their best records in years for the 2023 season, which means they will have a lower pick in the<a href="https://www.benzinga.com/nfldraft/"> 2024 NFL Draft.</a></p>
<p>Would General Manager<strong> Brad Holmes</strong> consider trading out of the first round with the 2024 NFL Draft taking place in Detroit?</p>
<p><strong>What Happened: </strong>Detroit Lions fans might not like the answer given by Holmes to the media on scenarios that could see the Lions trade their 29<sup>th</sup> overall first-round pick and move back in the <a href="https://www.benzinga.com/nfldraft/detroit-live-events/">2024 NFL Draft.</a></p>
<p>Holmes was asked about a scenario of trading out of the first round and didn't hesitate to say he will do what is best for the franchise.</p>
<p>"We have to do the right thing for the organization," Holmes said, as <a href="https://www.detroitlions.com/news/holmes-prepared-to-apologize-to-fans-if-lions-trade-out-of-first-round">reported </a>by Lions writer Mike O'Hara.</p>
<p>Holmes said while he would consider trading out of the first round, it's important to note that, with the draft taking place in Detroit, there might be a greater chance of upsetting the fans if he makes such a move.</p>
<p>A trade out of the first round could mean that any Lions fans in attendance Thursday will have spent all day downtown to watch other teams take their players in the draft.</p>
<p>Holmes said he would send out a "PSA and apologize" if he trades out of the first round.</p>
<p>"Hopefully, our fans will forgive us. We won't expect immediate forgiveness right then and there, but hopefully when the season starts."</p>
<p>Detroit was announced as the host city for the NFL Draft back in 2022.</p>
<p>"Another opportunity for our franchise and our city and just for the world to kind of migrate to downtown Detroit," Holmes said earlier this week.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/04/38318190/michigan-wolverines-will-have-6-high-demand-players-in-2024-nfl-draft-will-history-repeat-">Michigan Wolverines Will Have 6 High-Demand Players In 2024 NFL Draft: Will History Repeat Itself?</a></em></p>
<p><strong>Why It's Important:</strong> Holmes is no stranger to trading in the NFL Draft. Since joining as the Lions GM in 2021, Holmes has taken part in several drafts for the team and is known for dealmaking.</p>
<p>This includes the 2023 NFL Draft, which saw the Lions trade their sixth overall pick, acquired from the Los Angeles Rams in the <strong>Matthew Stafford</strong> trade. The Lions traded the sixth pick to the Arizona Cardinals and received back the 12<sup>th</sup>, 34<sup>th</sup> and 168<sup>th</sup> overall picks.</p>
<p>Lions fans will remember the 2023 Draft saw several impact players taken including running back <strong>Jahymyr Gibbs </strong>with the 12<sup>th</sup> pick and tight end<strong> Sam LaPorta </strong>with the 34<sup>th</sup> pick. Both rookies played in the 2023 NFL season and were among the top first-year players, finishing third and fourth, respectively, in NFC offensive rookie of the year voting.</p>
<p>The 12-5 record and appearance in the NFC Championship game gives the Lions the 29<sup>th</sup> overall pick, one of their lowest earned in years.</p>
<p>The Lions also have the 61<sup>st</sup> overall pick and 73<sup>rd</sup>, but have only those three picks in the first four rounds, with no fourth-round pick this year. This could prompt Holmes to be open to trades to pick up additional picks. The Lions also have a fifth-round pick, two sixth-round picks and a seventh-round pick, for seven overall picks.</p>
<p>In the 2023 NFL Draft, the Lions had eight picks, including two first-round picks and two second-round picks.</p>
<p>The Lions have had a first round pick in every season since 1994, with 1993 being the last year they didn't select a player in the first round.</p>
<p>The Lions&#8217; top needs by position include cornerback, offensive line and wide receiver. The Lions last took a wide receiver in the first round of 2022 (<strong>Jameson Williams</strong>) and a cornerback in the first round of 2020 (<strong>Jeff Okudah</strong>). For the offensive line, the Lions last took a guard or center in the first round in 2018 with <strong>Frank Ragnow,</strong> and last took an offensive tackle in the first round in 2021 with <strong>Penei Sewell.</strong> Of these four players, three are still with the Lions.</p>
<p>Join Benzinga's live draft reaction show Thursday, April 25 to hear our instant thought on who the Lions take 29<sup>th</sup> overall or our reaction to the Lions trading out of the first round.</p>
<p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br />
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534; LIVE NFL Draft Watch Party: Benzinga&#039;s Expert Analysis &amp; Reactions!" width="500" height="281" src="https://www.youtube.com/embed/XMBqIWZb7h0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<p></p></figure></p>
<p><em>Photo via Shutterstock. </em></p>


Sports

Detroit Lions Have First-Round Pick Every Year Since 1994: Would They Really Trade Out With Draft In Motor City?

<p>&quot;We are disappointed to announce the wind-down of our Phase 2 NASH trial, which we attribute entirely to resource constraints,&quot; said John Brancaccio, Executive Chairman of Hepion. &quot;The Company remains committed to its strategic alternative efforts previously announced in December 2023. Given the number of enrolled NASH patients to date and the low probability of generating relevant efficacy data to support a registrational trial with our current cash resources, we have opted to wind down the program and assure that patients are transitioned out of the trial in a safe and compliant manner. There were no safety concerns observed for rencofilstat in the ASCEND-NASH trial.&quot;</p>


Biotech

General

HEPA

Hepion Pharmaceuticals Says Given The Number Of Enrolled NASH Patients To Date And The Low Probability Of Generating Relevant Efficacy Data To Support A Registrational Trial With Our Current Cash Resources, We Have Opted To Wind Down The Program And Assure That Patients Are Transitioned Out Of The Trial In A Safe And Compliant Manner"

Hepion Pharmaceuticals Shares Resumed Trading

<p>Sen.<strong> Elizabeth Warren</strong> (D-Mass.) voiced her support for a Department of Justice antitrust case against leading technology company <strong>Apple Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which was <a href="https://www.benzinga.com/news/24/03/37905532/apple-slams-dangerous-doj-lawsuit-tim-cooks-iphone-suggestion-returns-to-haunt-and-potential-google">announced last month.</a></p>
<p>In comments shared on social media, Warren took aim at the smartphone market segment of Apple.</p>
<p><strong>What Happened:</strong> Apple is one of the largest smartphone companies in the world and in 2023 had seven of the top 10 selling smartphones globally <a href="https://www.benzinga.com/news/24/02/37245799/apple-dominates-2023-smartphone-list-with-7-of-top-10-models-why-its-important-for-iphone-growth">according to a report.</a></p>
<p>According to Warren, Apple has a monopoly in the smartphone market and one of the company's key features could be ruining friendships and relationships.</p>
<p>"Green texts on iPhones, they're ruining relationships," Warren <a href="https://twitter.com/SenWarren/status/1781086997014040759">said </a>in a video posted on X.</p>
<p>The green texts refer to the texts that come from non-Apple phones in green bubbles versus the blue bubbles displayed by iPhone users.</p>
<p>"Non iPhone users everywhere are being excluded from group texts."</p>
<p>Warren said that this means some non-Apple smartphone users are not being included in chats about vacation plans, group chats or chats with other sports fans.</p>
<p>"And who's to blame here? Apple."</p>
<p>Warren said that the green vs. blue bubble text icons are just one example of the dirty tactics used by Apple to "keep a stranglehold on the smartphone market."</p>
<p>"Apple has used its monopoly on the smartphone to lock Americans into services and amass billions of dollars in profits."</p>
<p>Warren mentioned that apps that would let Google users use iMessage and get blue texts were <a href="https://www.benzinga.com/news/23/12/36165068/apple-pulls-plug-on-imessage-for-android-app-beeper-mini-its-back-to-green-bubbles-now-for-android-u">blocked by Apple.</a></p>
<p>"It's time to break up Apple's monopoly now."</p>
<p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37876155/apple-doj-lawsuit-could-challenge-core-business-model-leading-analyst-predicts-what">Apple DOJ Lawsuit Could Challenge &#8216;Core Business Model&#8217;: Leading Analyst Predicts What&#8217;s Next For Tech Giant</a></em></p>
<p><strong>Why It's Important</strong>: The video shared by Warren was Community Noted on X, with readers providing more context.</p>
<p>"As of Jan 2024, iPhone has a 57% market share, to Android 42% in North America. A monopoly is exclusive control, or no close substitutes," the note reads.</p>
<p>In March, the Department of Justice filed an antitrust suit against Apple, which includes allegations that the company restricts access to iPhone hardware and software features.</p>
<p>A <a href="https://9to5mac.com/2024/04/19/elizabeth-warren-on-green-texts/">report </a>from 9to5Mac indicates that the antitrust lawsuit now encompasses claims from non-iPhone users who feel socially stigmatized and excluded in chats with iPhone users. This issue stems from the ongoing<a href="https://www.benzinga.com/news/23/09/34818276/get-the-message-google-roasts-apple-with-new-mocking-ipager-add-to-end-green-vs-blue-text-bubbles-wa"> blue vs. green bubble text debate.</a></p>
<p><strong>AAPL Price Action</strong>: Apple shares closed at $165.00 on Friday, versus a 52-week trading range of $162.80 to $199.62.</p>
<p><em>Read Next:<a href="https://www.benzinga.com/general/politics/24/04/38305131/elizabeth-warren-says-trump-had-only-2-accomplishments-as-president-huge-difference-between-bide"> Elizabeth Warren Says Trump Had Only 2 Accomplishments As President: &#8216;Huge Difference Between&#8217; Biden, Trump</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Politics

Legal

AAPL

Elizabeth Warren Attacks Apple Smartphone 'Monopoly': 'Green Texts On iPhones, They're Ruining Relationships'

Trading Halt: Halt status updated at 4:55:00 PM ET: Quotation Resumption: News and Resumption Times

Management

AFJK

On April 15, Aimei Health Technology's Juan Fernandez Pascual Tendered His Resignation As CEO, Secretary And A Director; Co Appointed Junheng Xie As CEO, Secretary And A Director

Global

Honda Exec Says Company To Invest 4.2B Reais In Brazil Plant, Focusing On Hybrid-Flex Vehicles

COSM

Cosmos Health Received Nasdaq Notice On Late Filing Of Its Form 10-K; On April 17 Received Notification Letter Stating Co Is No Longer In Compliance With Nasdaq Listing Rule 5250(c)(1); Intends To Resolve Deficiency And Regain Compliance With Nasdaq Listing Rules

BTOG

On Feb 19, Bit Origin Ltd Terminated Employment Of Its CFO, Xia Wang; On April 10, Lucas Wang Resigned As CEO And Chairman Of Board; Current COO, Has Been Appointed CEO, Chairman Of Board And A Director Of Co; Co To Conduct A Search To Replace Xia Wang As Company's CFO

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>ServiceNow</strong>.</p>
<p>Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 56 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.</p>
<p>From the overall spotted trades, 25 are puts, for a total amount of $1,473,153 and 31, calls, for a total amount of $2,469,435.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $1040.0 for ServiceNow over the last 3 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 ServiceNow'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 ServiceNow's whale trades within a strike price range from $300.0 to $1040.0 in the last 30 days. </p>
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713559550_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 style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$108.8</td>
<td>$106.7</td>
<td>$108.8</td>
<td>$700.00</td>
<td>$598.4K</td>
<td style="text-align: right;">142</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$37.0</td>
<td>$31.7</td>
<td>$36.5</td>
<td>$500.00</td>
<td>$310.2K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$39.1</td>
<td>$36.7</td>
<td>$39.1</td>
<td>$700.00</td>
<td>$293.2K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$32.8</td>
<td>$32.1</td>
<td>$32.1</td>
<td>$720.00</td>
<td>$227.9K</td>
<td style="text-align: right;">75</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$33.0</td>
<td>$31.9</td>
<td>$33.0</td>
<td>$800.00</td>
<td>$132.0K</td>
<td style="text-align: right;">131</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.</p>
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Trading volume stands at 1,536,830, with NOW's price down by -2.39%, positioned at $713.91.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 5 days.</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 ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

This Is What Whales Are Betting On ServiceNow

<p>Financial giants have made a conspicuous bearish move on AstraZeneca. Our analysis of options history for AstraZeneca (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) revealed 12 unusual trades.</p>
<p>Delving into the details, we found 16% of traders were bullish, while 83% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $90,336, and 9 were calls, valued at $981,928.</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 $66.0 and $77.5 for AstraZeneca, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</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 AstraZeneca'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 AstraZeneca's whale activity within a strike price range from $66.0 to $77.5 in the last 30 days. </p>
<h3>AstraZeneca Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713559545_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</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>AZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1.06</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$67.50</td>
<td>$594.6K</td>
<td>14.1K</td>
<td>8.2K</td>
</tr>
<tr>
<td>AZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1.65</td>
<td>$1.54</td>
<td>$1.55</td>
<td>$67.00</td>
<td>$69.4K</td>
<td>2.5K</td>
<td>2.3K</td>
</tr>
<tr>
<td>AZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1.52</td>
<td>$1.51</td>
<td>$1.51</td>
<td>$67.00</td>
<td>$67.6K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$1.49</td>
<td>$1.25</td>
<td>$1.49</td>
<td>$67.00</td>
<td>$66.7K</td>
<td>2.5K</td>
<td>24</td>
</tr>
<tr>
<td>AZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1.57</td>
<td>$1.48</td>
<td>$1.49</td>
<td>$67.00</td>
<td>$49.6K</td>
<td>2.5K</td>
<td>920</td>
</tr>
</tbody>
</table>
</p>
<h3>About AstraZeneca</h3>
<p>A merger between Astra of Sweden and Zeneca Group of the United Kingdom formed AstraZeneca in 1999. The firm sells branded drugs across several major therapeutic classes, including gastrointestinal, diabetes, cardiovascular, respiratory, cancer, immunology and rare diseases. The majority of sales come from international markets with the United States representing close to one third of its revenue.</p>
<p>Following our analysis of the options activities associated with AstraZeneca, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is AstraZeneca Standing Right Now?</h3>
<ul>
<li>With a trading volume of 4,720,283, the price of AZN is up by 0.28%, reaching $68.55.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 6 days from now.</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 AstraZeneca options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Looking At AstraZeneca's Recent Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Astera Labs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ALAB, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for <strong>Astera Labs</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $55,500, and 8, calls, for a total amount of $413,781.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $100.0 for Astera Labs during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Astera Labs'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 Astera Labs's whale trades within a strike price range from $35.0 to $100.0 in the last 30 days. </p>
<h3>Astera Labs Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713559539_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</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 style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.0</td>
<td>$20.0</td>
<td>$21.0</td>
<td>$50.00</td>
<td>$73.5K</td>
<td style="text-align: right;">43</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.7</td>
<td>$30.9</td>
<td>$32.52</td>
<td>$35.00</td>
<td>$65.0K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$7.7</td>
<td>$7.6</td>
<td>$7.6</td>
<td>$65.00</td>
<td>$63.8K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$6.1</td>
<td>$5.6</td>
<td>$5.9</td>
<td>$65.00</td>
<td>$59.0K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">472</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$11.1</td>
<td>$10.7</td>
<td>$11.1</td>
<td>$75.00</td>
<td>$55.5K</td>
<td style="text-align: right;">425</td>
<td style="text-align: right;">66</td>
</tr>
</tbody>
</table>
</p>
<h3>About Astera Labs</h3>
<p>Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.</p>
<p>Having examined the options trading patterns of Astera Labs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Astera Labs</h3>
<ul>
<li>Trading volume stands at 3,996,863, with ALAB's price down by -10.18%, positioned at $63.7.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
<h3>What Analysts Are Saying About Astera Labs</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $88.0.</p>
<ul>
<li>Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $100.</li>
<li>An analyst from Barclays downgraded its action to Overweight with a price target of $85. </li>
<li>Reflecting concerns, an analyst from Roth MKM lowers its rating to Buy with a new price target of $85.</li>
<li>In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $85. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $85.</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 Astera Labs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


ALAB

Decoding Astera Labs's Options Activity: What's the Big Picture?

GILD

LPTX

Leap Therapeutics 13G Filing Shows Gilead Sciences, Inc. Reported A 13.9% Stake In The Co As Of April 10, 2024

Offerings

KZIA

Kazia Therapeutics Ltd Entered Into Purchase Agreement With Alumni Capital LP; Pursuant To Purchase Agreement, May Sell To Alumni Capital Up To $15M Of American Depositary Shares From Time To Time

MNTS

Momentus Inc Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-K

<p>Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 Form 10-K"), with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires the timely filing of all required periodic reports with the SEC.<br /><br />&nbsp;</p>
<p>The Notice has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the Nasdaq rules, the Company has 60 calendar days, or until June 17, 2024, to file the 2023 Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the filing's due date, or until October 14, 2024, to regain compliance. If the Company fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), the Company's common stock will be subject to delisting from Nasdaq.</p>
<p>The Company continues to work diligently to complete the 2023 Form 10-K and currently intends to file the 2023 Form 10-K by no later than June 10, 2024.</p>
<p>This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.</p>


GURE

Gulf Resources Announces Receipt Of Nasdaq Non-Compliance Notice Notifying The Company That Due To The Co's Failure To Timely File Its Annual Report On Form 10-K For The Fiscal Year Ended December 31, 2023

<p>Lifecore Biomedical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) (the "Company") announced today that, on April 15, 2024, the Company received a notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended February 25, 2024 (the "Q3 Form 10-Q") and its continued delay in filing its Quarterly Report on Form 10-Q for the quarterly periods ended August 27, 2023 and November 29, 2023 (the "Q1 Form 10-Q" and "Q2 Form 10-Q," respectively, and together with the Q3 Form 10-Q, the "Filings") with the Securities and Exchange Commission (the "SEC"), the Company continues not to be in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), and that the Nasdaq Hearings Panel would consider the delinquency in the filing of the Q3 Form 10-Q in rendering its determination regarding the Company's continued listing on Nasdaq Global Select Market.<br /><br />&nbsp;</p>
<p>The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. As previously disclosed, Nasdaq had previously granted the Company until February 12, 2024 to regain compliance with the Listing Rule, and, on February 13, 2024, the Company received the Staff Delisting Determination notifying the Company that Nasdaq has initiated a process which could result in the delisting of the Company's securities from Nasdaq as a result of the Company not being in compliance with the Listing Rule. The Company appealed the Staff Delisting Determination, and, on April 16, 2024, the Company appeared for the hearing in which the Company requested a further stay of any suspension or delisting action to enable the Company to regain compliance with the Listing Rule. The Nasdaq Hearings Panel has not yet issued its decision, although the Company anticipates that a decision will be forthcoming.</p>
<p>The Company continues to work diligently to complete the Filings and intends to file the Filings as promptly as possible to regain compliance under the Listing Rule. However, there can be no assurance that such periodic reports will be filed before the expiration of any stay granted by Nasdaq, or that the Nasdaq Hearing Panel will grant the Company's request for a further stay of any suspension or delisting action</p>
<p>This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.</p>


LFCR

Lifecore Biomedical, Inc. Receives Notice From Nasdaq Regarding Delayed Quarterly Report For The Fiscal Quarter Ended February 25, 2024 And Its Continued Delay In Filing Its Quarterly Report On Form 10-Q For The Quarterly Periods Ended August 27, 2023 And November 29, 2023

<p>Odyssey Marine Exploration, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>), a global subsea mineral exploration and validation company, reported that on April 17, 2024, Odyssey received a notice from Nasdaq Regulation that Odyssey is not in compliance with Nasdaq Rule 5250(c)(1) because it had not yet filed its Form 10-K for the period ended December 31, 2023 (the "Form 10-K") with the Securities and Exchange Commission (SEC). Odyssey plans to regain compliance with Nasdaq Rule 5250(c)(1) by filing the Form 10-K with the SEC, which it expects to do as soon as practicable.</p>


OMEX

Odyssey Marine Exploration Addresses NASDAQ Compliance Matters; Plans To Regain Compliance With Nasdaq Rule 5250(c)(1) By Filing The Form 10-K With The SEC, Which It Expects To Do As Soon As Practicable

<p>Intelligent Living Application Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) ("Intelligent Living" or the "Company"), a premium lockset manufacturer in Hong Kong, announced today that, on April 17, 2024, the Company received a written notification from the NASDAQ Stock Market Listing Qualifications Staff (the "Staff") indicating that the Company has been granted an additional 180 calendar day period or until October 14, 2024, to regain compliance with the $1.00 minimum closing bid price requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule (the "Minimum Bid Price Requirement").</p>
<p>NASDAQ's determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ Capital Market, with the exception of the bid price requirement, and the Company's written notice to NASDAQ of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If at any time during this additional time period the closing bid price of the Company's security is at least $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written confirmation of compliance and this matter will be closed. If compliance cannot be demonstrated by October 14, 2024, Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal the Staff's determination to a Hearings Panel (the "Panel") of NASDAQ.</p>
<p>This notification from Nasdaq has no immediate effect on the listing or trading of the Company's ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol "ILAG".&nbsp; The Company will monitor the closing bid price of its ordinary shares and will consider various options to regain compliance before October 14, 2024.</p>


ILAG

Intelligent Living Application Group Inc. Granted Extension Indicating That The Co Has Been Granted An Additional 180 Day Or Until October 14, 2024, To Regain Compliance With The $1.00 Minimum Closing Bid Price Requirement To Meet Nasdaq Minimum Bid Price Requirement

<p>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) reported quarterly losses of $(0.03) per share. This is a 50 percent decrease over losses of $(0.02) per share from the same period last year.  The company reported $20.43 thousand in sales this quarter. This is a 81.67 percent decrease over sales of $111.45 thousand the same period last year.</p>


Earnings

AIRE

ReAlpha Tech Corp Q1 EPS $(0.03) Down From $(0.02) YoY, Sales $20.43K Down From $111.45K YoY

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The market always has the tendency to overreact. Be it euphoric rallies or sharp corrections, investor behaviour is not always rational. However, for smart investors, it&rsquo;s the deviation from fundamentals that provides an opportunity to make big money. The focus of this column is on undervalued <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> that are worth considering at current levels.</p>



<p>An important point to note is that the dividend stocks discussed represents companies with strong or significantly improving fundamentals. However, these stocks have been ignored by the markets. When these dividend stocks with a yield of over 5% are in the limelight, the rally can be sharp.</p>



<p>In my view, if we take a two-to-three-year investment horizon, these undervalued dividend stocks are likely to outperform the index. I also see the possibility of steady dividend growth. Let&rsquo;s therefore discuss the reasons that make these ideas worth holding for the medium term.</p>



<h2>AT&amp;T (T)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/dividends_1600_chart-300x169.png" alt='A photo of a paper with a chart and the word "Dividends" written on it, with a pen and calculator resting on top of it.'><div>Source: jittawit21/Shutterstock.com</div></div><p>After an extended period of correction and consolidation, <strong>AT&amp;T</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/t-stock-quote/"><strong>T</strong></a></span>) stock has been silently moving higher. However, even after an upside of 20% in the last six months, T stock is undervalued. Further, the stock offers an attractive dividend yield of 6.51%.</p>



<p>There are two reasons to be bullish on AT&amp;T. First, the Company reported healthy free cash flows of $16.8 billion for 2023. For this year, AT&amp;T has <a href="https://investors.att.com/~/media/Files/A/ATT-IR-V2/financial-reports/quarterly-earnings/2023/4q-2023/4Q23_ATT_Earnings.pdf">guided for FCF of $17 to $18 billion</a>. With the Company focused on deleveraging, robust FCF will ensure that the target is met. Also, as credit metrics improve, the stock will be re-rated.</p>



<p>Further, AT&amp;T has made some big investments in the last five years towards the wireline and wireless infrastructure. In my view, this will continue to yield positive business metrics numbers. For 2023, AT&amp;T reported steady growth in phone and fiber subscribers. With a strong 5G coverage, I expect user growth to sustain.</p>



<h2>Rio Tinto (RIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/dividends-1600-300x169.jpg" alt='stock market ticker screen with the word "dividends" appearing in large text. Must-Have Dividend Stocks. Dividend kings to own'><div>Source: iQoncept/shutterstock.com</div></div><p>Among industrial commodity stocks, <strong>Rio Tinto</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rio-stock-quote/"><strong>RIO</strong></a></span>) looks massively undervalued at a forward price-earnings ratio of 7. RIO stock also offers a robust dividend yield of 8.23% and I believe that dividends are sustainable.</p>



<p>The reason for RIO trading at a valuation gap is macroeconomic headwinds. However, it&rsquo;s worth noting that potential rate cuts are impending globally in the second half of 2024. Expansionary policies are likely to support growth in 2025 and beyond. Therefore, it&rsquo;s a good time to accumulate RIO stock.</p>



<p>Another point to note is that Rio Tinto has strong fundamentals. Last year, the Company reported <a href="https://www.riotinto.com/en/invest/financial-news-performance/results">operating and free cash flow</a> of $15.2 billion and $7.7 billion respectively. This provides high flexibility for investment to boost growth. Between 2024 and 2026, Rio has guided for annual capital expenditure of $7 billion.</p>



<p>Rio is also investing in decarbonisation theme metals. This includes copper, aluminium, nickel, and lithium.&nbsp; With diversification, the Company is positioned for steady growth.</p>



<h2>Flex LNG (FLNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/dividend-stocks-1600-300x169.jpg" alt="dividend stocks Financial investment in bull market. dividend aristocrats. income stocks for retirement"><div>Source: Pisit.Sj / Shutterstock.com</div></div><p><strong>Flex LNG</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/flng-stock-quote/"><strong>FLNG</strong></a></span>) is a provider of seaborne transportation of liquefied natural gas globally. After a correction of 22% in the last 12 months, FLNG stock looks attractive at a forward price-earnings ratio of 11.6. Further, the dividend yield is robust at 11.77% and the Company is well placed from a financial perspective to sustain dividends.</p>



<p>The biggest positive for Flex LNG is high contract coverage. As of Q4 2023, the Company&rsquo;s fleet had a combined charter backlog of 50 years. If the contract extensions are exercised, the backlog will swell to 71 years. Therefore, there is clear cash flow visibility for dividends.</p>



<p>Another point to note is that Flex LNG has a strong balance sheet. The net-debt was $1.4 billion as of Q4 2023 with no maturities until 2028. Debt servicing is unlikely to be a challenge with stable cash flows. Further, a loan-to-value of 81.7% provides scope for leverage in a scenario of new vessel acquisition.</p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/3-massively-mispriced-dividend-stocks-with-a-yield-of-over-5/">3 Massively Mispriced Dividend Stocks With a Yield of Over 5%</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Massively Mispriced Dividend Stocks With a Yield of Over 5%

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The market always has the tendency to overreact. Be it euphoric rallies or sharp corrections, investor behaviour is not always rational. However, for smart investors, it&rsquo;s the deviation from fundamentals that provides an opportunity to make big money. The focus of this column is on undervalued <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> that are worth considering at current levels.</p>



<p>An important point to note is that the dividend stocks discussed represents companies with strong or significantly improving fundamentals. However, these stocks have been ignored by the markets. When these dividend stocks with a yield of over 5% are in the limelight, the rally can be sharp.</p>



<p>In my view, if we take a two-to-three-year investment horizon, these undervalued dividend stocks are likely to outperform the index. I also see the possibility of steady dividend growth. Let&rsquo;s therefore discuss the reasons that make these ideas worth holding for the medium term.</p>



<h2>AT&amp;T (T)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/dividends_1600_chart-300x169.png" alt='A photo of a paper with a chart and the word "Dividends" written on it, with a pen and calculator resting on top of it.'><div>Source: jittawit21/Shutterstock.com</div></div><p>After an extended period of correction and consolidation, <strong>AT&amp;T</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/t-stock-quote/"><strong>T</strong></a></span>) stock has been silently moving higher. However, even after an upside of 20% in the last six months, T stock is undervalued. Further, the stock offers an attractive dividend yield of 6.51%.</p>



<p>There are two reasons to be bullish on AT&amp;T. First, the Company reported healthy free cash flows of $16.8 billion for 2023. For this year, AT&amp;T has <a href="https://investors.att.com/~/media/Files/A/ATT-IR-V2/financial-reports/quarterly-earnings/2023/4q-2023/4Q23_ATT_Earnings.pdf">guided for FCF of $17 to $18 billion</a>. With the Company focused on deleveraging, robust FCF will ensure that the target is met. Also, as credit metrics improve, the stock will be re-rated.</p>



<p>Further, AT&amp;T has made some big investments in the last five years towards the wireline and wireless infrastructure. In my view, this will continue to yield positive business metrics numbers. For 2023, AT&amp;T reported steady growth in phone and fiber subscribers. With a strong 5G coverage, I expect user growth to sustain.</p>



<h2>Rio Tinto (RIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/dividends-1600-300x169.jpg" alt='stock market ticker screen with the word "dividends" appearing in large text. Must-Have Dividend Stocks. Dividend kings to own'><div>Source: iQoncept/shutterstock.com</div></div><p>Among industrial commodity stocks, <strong>Rio Tinto</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rio-stock-quote/"><strong>RIO</strong></a></span>) looks massively undervalued at a forward price-earnings ratio of 7. RIO stock also offers a robust dividend yield of 8.23% and I believe that dividends are sustainable.</p>



<p>The reason for RIO trading at a valuation gap is macroeconomic headwinds. However, it&rsquo;s worth noting that potential rate cuts are impending globally in the second half of 2024. Expansionary policies are likely to support growth in 2025 and beyond. Therefore, it&rsquo;s a good time to accumulate RIO stock.</p>



<p>Another point to note is that Rio Tinto has strong fundamentals. Last year, the Company reported <a href="https://www.riotinto.com/en/invest/financial-news-performance/results">operating and free cash flow</a> of $15.2 billion and $7.7 billion respectively. This provides high flexibility for investment to boost growth. Between 2024 and 2026, Rio has guided for annual capital expenditure of $7 billion.</p>



<p>Rio is also investing in decarbonisation theme metals. This includes copper, aluminium, nickel, and lithium.&nbsp; With diversification, the Company is positioned for steady growth.</p>



<h2>Flex LNG (FLNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/dividend-stocks-1600-300x169.jpg" alt="dividend stocks Financial investment in bull market. dividend aristocrats. income stocks for retirement"><div>Source: Pisit.Sj / Shutterstock.com</div></div><p><strong>Flex LNG</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/flng-stock-quote/"><strong>FLNG</strong></a></span>) is a provider of seaborne transportation of liquefied natural gas globally. After a correction of 22% in the last 12 months, FLNG stock looks attractive at a forward price-earnings ratio of 11.6. Further, the dividend yield is robust at 11.77% and the Company is well placed from a financial perspective to sustain dividends.</p>



<p>The biggest positive for Flex LNG is high contract coverage. As of Q4 2023, the Company&rsquo;s fleet had a combined charter backlog of 50 years. If the contract extensions are exercised, the backlog will swell to 71 years. Therefore, there is clear cash flow visibility for dividends.</p>



<p>Another point to note is that Flex LNG has a strong balance sheet. The net-debt was $1.4 billion as of Q4 2023 with no maturities until 2028. Debt servicing is unlikely to be a challenge with stable cash flows. Further, a loan-to-value of 81.7% provides scope for leverage in a scenario of new vessel acquisition.</p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/3-massively-mispriced-dividend-stocks-with-a-yield-of-over-5/">3 Massively Mispriced Dividend Stocks With a Yield of Over 5%</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

FLEX LNG: 11% Dividend Yield, But Out Of Favor In 2024 (Downgrade)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are multiple reasons <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> are the first choice for many investors. First, these stocks provide regular cash flows that serve as a passive income source. Further, dividend stocks, in general, are low-beta and provide stability to the portfolio. It&rsquo;s a bonus for investors if there are undervalued dividend stocks to buy. Once the valuation gap is filled, total returns can be robust.</p>



<p>This column discusses three undervalued dividend stocks that have been sideways to lower in the last 12 months. Considering the forward price-earnings ratio valuation metric, these dividend stocks are undervalued. Further, they represent companies with good fundamentals and a steady cash flow outlook.</p>



<p>The undervaluation, therefore, presents a good accumulation opportunity. Once sentiments reverse, these stocks are likely to surge higher in quick time. Let&rsquo;s discuss the reasons to be positive on these dividend stocks with a yield of over 8%.</p>



<h2>Altria (MO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1926462137-300x169.png" alt="Altria Group, Inc. (MO) logo of US producer and marketer of tobacco and cigarettes is seen on a mobile phone screen."><div>Source: viewimage / Shutterstock.com</div></div><p><strong>Altria&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mo-stock-quote/"><strong>MO</strong></a></span>) 12-month price chart looks disappointing, with the stock having traded sideways. However, in the last month, MO stock has trended higher by almost 10%. The rally from oversold levels is backed by positive business developments and is likely to sustain. I must add that MO stock is grossly undervalued at a forward price-earnings ratio of 8.9 and offers a dividend yield of 8.81%.</p>



<p>In recent news, Altria has agreed to sell <a href="https://www.fool.com/investing/2024/03/18/altria-plan-unlock-value-warn-yield-dividend-stock/">35 million shares</a> of <strong>Anheuser-Busch InBev</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bud-stock-quote/"><strong>BUD</strong></a></span>). Through this, Altria will be raising $2.4 billion. The company is likely to use the proceeds for share repurchase. That will translate into &ldquo;cash <a href="https://investor.altria.com/press-releases/news-details/2024/Altria-to-Significantly-Enhance-Cash-Returns-to-Shareholders-Through-Expanded-Share-Repurchase-Program-in-Connection-with-Pricing-of-Offering-of-Anheuser-Busch-InBev-Stock-Raises-2024-Full-Year-Earnings-Guidance/">savings</a> from the elimination of future dividend payments on the repurchased shares.&rdquo;</p>



<p>From a business perspective, the portfolio transformation towards the non-smoking business continues. However, the core smokable segment remains the cash flow driver even after revenue de-growth. An important point to note is that the e-vapor market has faced headwinds due to the presence of illegal flavored disposable e-vapor products. However, Altria is <a href="https://www.altria.com/-/media/Project/Altria/Altria/Investors/events-and-presentations/2024/2023-Q4/Presentation.pdf">engaging with regulators and trade partners</a> to curb the flow of illegal products in the market. This will likely support growth in the coming years.</p>



<h2>Rio Tinto (RIO)</h2>



<div><img width="300" height="199" src="https://investorplace.com/wp-content/uploads/2014/07/2-300x199.jpg" alt="gold mining"><div>Source: &copy;iStock.com/TomasSereda</div></div><p><strong>Rio Tinto</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rio-stock-quote/"><strong>RIO</strong></a></span>) is another undervalued dividend stock to buy. In the last 12 months, RIO stock has remained sideways and looks attractive at a forward price-earnings ratio of 8. Further, the stock offers a dividend yield of 8.2%.</p>



<p>Policymakers will likely pursue multiple rate cuts in the next 12 to 18 months. That is one reason to be bullish on Rio Tinto. Expansionary policy will likely help boost global GDP growth, and industrial commodities will benefit.</p>



<p>Specific to Rio, strong fundamentals are a key reason to be positive. Last year, the company reported operating and free cash flow of $15.2 billion and $7.7 billion, respectively. Between 2024 and 2026, Riot expects an annual capital investment of $7 billion. Even with a similar level of FCF, there is ample flexibility for dividends and share repurchases.</p>



<p>I also like the fact that Rio has pursued diversification to metals that are likely to support the global energy transition. That includes copper, aluminum, lithium, nickel and others. For now, an impending rally in industrial commodities is a key catalyst for RIO stock upside.</p>



<h2>Flex LNG (FLNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/lng-natural-gas-ship-1600-300x169.jpg" alt="Large tanker ship carrying natural gas at dusk in harbor"><div>Source: shutterstock.com/Wojciech Wrzesien</div></div><p><strong>Flex LNG</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/flng-stock-quote/"><strong>FLNG</strong></a></span>) is a provider of seaborne transportation of liquefied natural gas globally. It&rsquo;s worth noting that LNG is 85% to 95% methane. It, therefore, contains less carbon than other forms of fossil fuel. That is one reason to be bullish on LNG, and with demand from emerging Asia, LNG carriers have a positive outlook.</p>



<p>Specific to FLNG, the stock trades at an attractive forward price-earnings ratio of 11.2. Further, FLNG stock offers a dividend yield of 11.88%. Considering the valuation and the payout, FLNG stock is worth adding to the portfolio for income-hungry investors.</p>



<p>As of Q4 2023, the company had 13 vessels. A key positive is that the LNG carriers have a long-term order backlog. That provides clear revenue and cash flow visibility. To put things into perspective, the <a href="https://mb.cision.com/Main/22886/3923713/2586873.pdf">combined backlog for the fleet is 50 years.</a> If options are exercised, the coverage will likely increase to 71 years. Given the cash flow visibility, dividends are secure.</p>



<p>It&rsquo;s also worth noting that as of Q4 2023, the book value of vessels was $2.2 billion. For the same period, the company&rsquo;s debt was $1.8 billion. With a loan-to-value of less than 100%, there is financial flexibility for fleet expansion.</p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/3-undervalued-dividend-stocks-yielding-over-8-for-income-hungry-investors/">3 Undervalued Dividend Stocks Yielding Over 8% for Income-Hungry Investors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Undervalued Dividend Stocks Yielding Over 8% for Income-Hungry Investors

Warning: FLNG is at high risk of performing badly

Cleaves Securities analyst Peter M. E. Christensen maintained a Hold rating on FLEX LNG (FLNG – Research Report) yesterday and set a price target o...

Cleaves Securities Sticks to Its Hold Rating for FLEX LNG (FLNG)

In a report released on April 11, Peter M. E. Christensen from Cleaves Securities maintained a Hold rating on FLEX LNG (FLNG – Research Report), wi...

Cleaves Securities Remains a Hold on FLEX LNG (FLNG)

Flex Lng (FLNG) has released an update. Flex LNG announced a significant contract extension for its Flex Endeavour vessel, with the charterer exerc...

Flex LNG Secures Extended Charter Backlog

FLEX LNG: Bet On Resilient Demand For LNG Carriers

Dividends

Press Releases

Flex LNG - Ex Date Q4 2023

Commodities

Flex LNG - Time Charter for Flex Courageous extended by 2 years from 2025 to 2027

Flex LNG - Filing of 2023 Annual Report on Form 20-F

REMINDER - Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link's 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

Flex LNG - Presentation at DNB Energy & Shipping Conference 2024

Flex LNG - 2024 Annual General Meeting

Flex LNG - AGM Notice

Contracts

Flex LNG - Time Charter for Flex Endeavour extended to 2032

Flex LNG - Mandatory notification of trade by PDMR

CPLP

EURN

INSW

NVGS

STNG

Ardmore Shipping Corporation Common Stock

Ardmore Shipping

CrossAmerica Partners LP Common Units representing limited partner interests

CrossAmerica Partners

Cool Co

DHT Holdings

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests

Delek Logistics Partners

Okeanis Eco Tankers

Excelerate Energy, Inc. Class A Common Stock

Excelerate Energy

StealthGas

Genesis Energy

Golar LNG

Global Partners LP Common Units representing Limited Partner Interests

Global Partners

International Seaways

Kinetik Holdings Inc. Class A Common Stock

Kinetik Holdings

Dorian LPG

Nordic American Tankers Limited Common Stock

Nordic American Tankers

NextDecade

NGL ENERGY PARTNERS LP Common Units representing Limited Partner Interests

NGL Energy Partners

Navigator Holdings Ltd. Ordinary Shares (Marshall Islands)

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Overseas Shipholding Group, Inc. Class A Common Stock

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SFL Corp

Summit Midstream Partners, LP Common Units Representing Limited Partner Interests