Global Li-Ion Graphite Stock (OTC: GBBGF)

Latest news for Global Li-Ion Graphite (OTC:GBBGF) Stock

Global Li-Ion Graphite Corp is engaged in the acquisition, exploration, and development of mineral resources. It mainly focuses on the development of graphite projects with an intent to supply the rapidly growing energy storage industry. Some of the company's projects are Lac de Gras, Neuron Graphite, and Madagascar Graphite. Each Li-Ion Battery requires Graphite, Lithium, Cobalt and nickel. Geographically, it operates in Canada and Madagascar, out of which the majority of revenue is from Canada.

GLOBAL LI-ION GRAPH ORD by Global Li-Ion Graphite Corp

Global Li-Ion Graphite Corp

Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) is trading higher by 2% to $18.15 during Tuesday&#8217;s session, driven by expectations that the Federal Reserve will implement its first interest rate cut in over four years by&nbsp;<a href="https://www.benzinga.com/news/econ-s/24/09/40902634/retail-spending-remains-on-solid-footing-but-fed-must-weigh-rate-cuts-impact-on-workers-says-economi" target="_blank" rel="noreferrer noopener">25 or 50 basis points.</a>
The broader cryptocurrency market, including Ethereum Classic, typically benefits from lower interest rates, as these cuts make traditional investments, such as bonds and savings accounts, less attractive due to their lower yields. 
This encourages investors to seek higher returns in alternative assets, particularly cryptocurrencies, which are seen as potential stores of value or speculative opportunities in a low-rate environment.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40907249/bitcoin-surges-5-3-ahead-of-feds-key-rate-decision-expert-tells-benzinga-which-cut-could-c">Bitcoin Surges 5.3% Ahead Of Fed&#8217;s Key Rate Decision: Expert Tells Benzinga Which Cut Could &#8216;Cause Uncertainty&#8217;</a>
How a Rate Cute Boosts Ethereum Classic: A reduction in interest rates by the Federal Reserve tends to weaken the U.S. dollar, reducing the appeal of holding cash or cash-equivalent assets. This environment often drives investors toward assets like Ethereum Classic, which are not tied to fiat currency fluctuations.
As the purchasing power of the dollar diminishes, digital assets that operate independently of central banks can see increased demand from investors looking to hedge against inflation and currency devaluation.
Furthermore, lower interest rates make borrowing cheaper, providing more liquidity in the financial system. As liquidity increases, it often leads to more speculative investments, with cryptocurrencies like Ethereum Classic benefiting from this influx of capital. 
Additionally, lower rates often spark increased risk appetite among institutional and retail investors alike. As expectations for the Fed's rate cut grew Wednesday, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905692/bitcoin-ethereum-dogecoin-pump-5-heres-what-wednesdays-fed-rate-cut-decision-could-mean-fo">entire digital asset space</a>, including Ethereum Classic, saw renewed interest, with traders seeking exposure to assets that can offer higher growth potential than traditional investments.
What's Next:&nbsp;These developments will be part of the broader conversation at Benzinga&#8217;s&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19, where industry leaders will analyze how macroeconomic policies are influencing the cryptocurrency market and what this means for the future of digital assets.

News

$ETC

What's Going On With Ethereum Classic?

Macro Notification

General

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

U.S. Vice President Harris Says There Must Be No Reoccupation Of Gaza And No Changing Of Territorial Lines

WIIM

LSTA

Lisata Therapeutics shares are trading higher after the company announced its first patient was treated in the second-line cholangiocarcinoma cohort of the BOLSTER trial.

Gold is back in the spotlight, and eyes are on the Fed. As the U.S. Federal Reserve prepares for what could be an aggressive rate cut, gold ETFs, especially the gold-bullion tracking ETFs such as the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>), are <a href="https://www.benzinga.com/topic/gold">riding the wave</a>.
Gold prices, already hovering near record highs, are inching closer to a breakthrough that could send the precious metal into uncharted territory.
With the dollar softening, the allure of gold as a safe haven has only intensified. Year-to-date, the GLD has surged nearly 25% and the IAU has gained about 25%, outpacing broader market indices like the S&amp;P 500 (which is up 18% in comparison). While physical gold-tracking ETFs have been surging, ETFs tracking gold miners haven&#8217;t been left behind.
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up about 27% YTD and the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) is up 28% YTD.
<h1 class="wp-block-heading">Gold Shines on Dovish Fed, Weaker Dollar</h1>
Investors seem unfazed by today's slight lull in prices — understandable, given the anticipation of a possible 50-basis-point rate cut. The weakening dollar, compounded by the Fed&#8217;s dovish tone, is creating the perfect storm for gold to shine even brighter.
Behind the scenes, central banks and institutional buyers have been steadily piling into gold, boosting its momentum. Over the past three months, gold-tracking ETFs have drawn in billions in inflows, with retail investors now jumping on board, hoping to capitalize on the metal's momentum.
The net inflows into these ETFs signal that many see more upside ahead, especially as the Fed's anticipated rate cuts could push yields lower, further reducing the opportunity cost of holding gold.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40862122/rate-cut-prospects-fuel-investor-risk-appetite-gold-hits-record-highs-harris-outperforms-trump-t">Rate-Cut Prospects Fuel Investor Risk Appetite, Gold Hits Record Highs, Harris Outperforms Trump: This Week In The Markets</a>
<h1 class="wp-block-heading">Gold Emerging As A Preferred Hedge</h1>
The macroeconomic backdrop has added extra fuel to the rally. From rising geopolitical tensions to global economic uncertainties, investors are seeking shelter, and gold is emerging as their preferred hedge. The metal's safe-haven appeal is being bolstered by fears of economic slowdowns, not just in the U.S. but globally. 
China's persistent economic struggles, for example, are only adding to the demand for gold, as investors diversify away from riskier assets.
<h1 class="wp-block-heading">What Could Temper Gold Bulls?</h1>
While a rate cut seems all but certain, there are still factors that could keep a lid on gold's upside. Any sign of a more conservative move by the Fed, such as a smaller-than-expected cut, could temper bullish enthusiasm. 
There's also the possibility that stronger-than-expected economic data could boost the dollar, muting gold's rally.
For now, though, the combination of central bank buying, ETF inflows and weakening dollar dynamics makes gold an attractive option for those looking to ride out market volatility.
With the potential for gold to push through its previous highs, investors are watching closely to see if the Fed's next move will give the precious metal the final nudge it needs.
Will gold soar to new heights, or will a more cautious Fed decision put the brakes on the rally? The only thing certain is that, for now, gold is shining brighter than ever.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40891378/ahead-of-fomc-meeting-paul-krugman-says-fed-rates-will-be-elevated-even-with-50-bps">Ahead Of FOMC Meeting Paul Krugman Says Fed Rates Will Be Elevated Even With 50 Bps Cut: &#8216;Argument For Incrementalism Is Very Weak&#8217;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Specialty ETFs

Commodities

Markets

Trading Ideas

ETFs

Market Vectors ETF Trust Market Vectors Gold Miners

GDXJ

Gold ETFs Poised For Liftoff: Can The Fed's Rate Cut Propel Prices To New Heights?

Stocks held by <a href="https://www.benzinga.com/top-stories/24/07/39677935/credit-card-debt-rises-as-consumers-face-higher-costs-of-living">consumer-lending firms</a> fell last week after Wall Street executives warned of lower-income borrowers&#8217; struggling to pay bills.
What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal <a href="https://www.wsj.com/finance/americans-credit-debt-spending-interest-rates-f3836f23">reported</a>.
The average interest rate on a credit card as of May was 21.51%, up from around 15% in 2019, Federal Reserve data shows.
About 9.1% of credit card balances turned delinquent over the past 12 months to mark the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.
"What that tells you is if people do get behind on their payments in this environment, it's tougher to get out of them," TD Cowen analyst Moshe Orenbuch said.
Read Also: &#8216;<a href="https://www.benzinga.com/real-estate/24/08/40666981/the-time-has-come-to-adjust-cheaper-mortgage-rates-could-be-just-weeks-away-but-it-all-hinges-on-thi">The Time Has Come to Adjust&#8217; — Cheaper Mortgage Rates Could Be Just Weeks Away, But It All Hinges On This Data</a>
Why It Matters: Bread Financial, a credit card company that serves lower-income borrowers, said it expects higher charge-off rates — balances that banks write off as a result of lack of payments — this year.
Late payments and charge-offs on auto loans were higher than expected in July and August as borrowers grapple with the cost of living and a worsening labor market, Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) CFO Russ Hutchinson said.
This worried investors because car payments are usually the last bills to go delinquent because cars are needed for transportation.
The average interest rate on a 60-month loan for a new car was 8.2% as of May, according to Fed data, up from 5.3% in 2019.&nbsp;
Over the past year, roughly 8% of auto loans turned delinquent, according to the New York Fed, the highest rate in over a decade. 
Price Action: Consumer-lending companies trended upward into Tuesday&#8217;s early afternoon trading.
<ul>
<li>Enova International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) rose 3.48% to $83.32</li>
<li>Qifu Techhnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) gained 1.02% to $25.17</li>
<li>Regional Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) went up 2.4% to $33.25</li>
</ul>
Car-loan providers also rose on Tuesday.
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) inched up 0.93% to $39.47</li>
<li>Ally Financial gained 2.42% to $33.83</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) picked up 3.13% to $145.36</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/23/09/34443643/consumer-confidence-wavers-will-retail-stocks-face-a-reckoning">Consumer Confidence Wavers: Will Retail Stocks Face A Reckoning?</a></li>
</ul>
Image: Shutterstock

Economics

Personal Finance

ALLY

ENVA

QFIN

Not Paying Your Bills? Wall Street Worries That Too Many Credit Card Balances Are Turning Delinquent

Politics

President Biden Also Called Former President Trump To Express Gratitude For His Safety After Assassination Attempt

Jones Lang LaSalle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) short percent of float has risen 3.7% since its last report. The company recently reported that it has 1.02 million shares sold short, which is 2.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Jones Lang LaSalle Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726598722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Jones Lang LaSalle has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Jones Lang LaSalle's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Jones Lang LaSalle's peer group average for short interest as a percentage of float is 6.48%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(JLL) - Analyzing Jones Lang LaSalle's Short Interest

Tyson Foods's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) short percent of float has risen 44.97% since its last report. The company recently reported that it has 6.10 million shares sold short, which is 2.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.79 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Tyson Foods Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726598717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Tyson Foods has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Tyson Foods's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Tyson Foods's peer group average for short interest as a percentage of float is 4.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Tyson Foods's Recent Short Interest

Royal Caribbean Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) short percent of float has fallen 31.7% since its last report. The company recently reported that it has 11.10 million shares sold short, which is 6.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Royal Caribbean Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726598711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Royal Caribbean Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Royal Caribbean Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Royal Caribbean Gr's peer group average for short interest as a percentage of float is 6.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Royal Caribbean Gr?

UPST

Upstart shares are trading higher. The company announced a $375 million senior note offering due in 2029.

Vice President Harris Calls Former President Trump After Assassination Attempt, Says She Is Grateful He Is Safe

Macquarie analyst Tim Nollen maintains Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) with a Underperform and raises the price target from $12 to $15.

Price Target

Analyst Ratings

Macquarie Maintains Underperform on Unity Software, Raises Price Target to $15

<a href="https://www.theinformation.com/articles/nvidia-recently-discussed-acquiring-software-startup-octoai-for-165-million" title="https://www.theinformation.com/articles/nvidia-recently-discussed-acquiring-software-startup-octoai-for-165-million">https://www.theinformation.com/articles/nvidia-recently-discussed-acquiring-software-startup-octoai-for-165-million</a>

NVDA

'Nvidia Recently Discussed Acquiring Software Startup OctoAI for $165 Million' - The Information

3D Systems Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) shares are trading higher by 6.46% to $2.55 Tuesday afternoon after the company announced it received FDA clearance for its <a href="https://www.benzinga.com/pressreleases/24/09/g40897537/3d-systems-receives-fda-clearance-for-first-to-market-multi-material-monolithic-jetted-denture-sol">monolithic jetted denture solution</a>.
What Else: 3D systems says the FDA clearance allows dental laboratories to potentially improve the efficiency of denture production. Glidewell, a producer of restorative dental devices, has begun integrating the technology into its production workflow. &#8220;We look forward to implementing 3D Systems&#8217; new workflow,&#8221; said Glidewell CEO Stephenie Goddard.
Neil McCaffrey, Vice President and General Manager of Dental at 3D Systems, stated that this FDA clearance aligns with the company's broader strategy to expand its digital dentistry portfolio. 
3D systems says the solution integrates various elements of the company's hardware, software and materials technology into a streamlined production process.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40906243/small-caps-bitcoin-rally-as-traders-await-fed-rate-cut-treasury-yields-us-dollar-tick-up-on-stro">Small Caps, Bitcoin Rally As Traders Await Fed Rate Cut; Treasury Yields, US Dollar Tick Up On Strong Retail Sales: What&#8217;s Driving Markets Tuesday?</a>
<h2 class="wp-block-heading">How To Buy DDD Stock</h2>
By now you're likely curious about how to participate in the market for 3D Systems &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of 3D Systems, which is trading at $2.58 as of publishing time, $100 would buy you 38.76 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DDD has a 52-week high of $6.85 and a 52-week low of $1.72.

Why 3D Systems (DDD) Stock Is Trading Higher

Nuvalent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) shares are trading lower by 6.56% to $104.81 during Tuesday&#8217;s session after the company priced a $500 million <a href="https://www.benzinga.com/pressreleases/24/09/n40890391/nuvalent-announces-pricing-of-upsized-public-offering-of-common-stock">upsized public offering</a> of 5 million common shares at $100 per share.
Nuvalent says the offering is expected to close on September 18, pending the satisfaction of customary closing conditions. Gross proceeds of approximately $500 million are expected for the company, before expenses.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/09/40884325/nuvalent-stock-jumps-on-esmo-data-presentation-seeks-to-raise-350m-via-equity">Nuvalent Stock Jumps On ESMO Data Presentation</a>
Additionally, the underwriters have been granted a 30-day option to purchase up to 750,000 additional shares of Class A common stock at the same public offering price, minus underwriting discounts and commissions.
J.P. Morgan, TD Cowen, Jefferies and Stifel are acting as joint book-running managers for the offering.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More</a>
<h2 class="wp-block-heading">Should I Sell My NUVL Stock?</h2>
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Nuvalent have increased by 138.18% in the past year. An investor who bought shares of Nuvalent at the beginning of the year would make a profit of $28.82 per share if they sold it today. The stock has risen 40.12% over the past month, meaning an investor who bought shares on Aug. 1 would see a capital gain of $31.76.
Nuvalent shares have an all-time high of $112.17, representing 6.91% upside from current levels.
For access to advanced charting and analysis tools and stock data, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NUVL has a 52-week high of $113.51 and a 52-week low of $39.93.

NUVL

Why Nuvalent (NUVL) Shares Are Down 6% Today

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Tuesday surged by 5.3%, trading at $60,985 after hitting a high of $61,331, as the market braces for the Federal Reserve's critical interest rate decision on Sep. 18, a move that could set the stage <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905692/bitcoin-ethereum-dogecoin-pump-5-heres-what-wednesdays-fed-rate-cut-decision-could-mean-fo">for considerable volatility</a>.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also experienced gains, rising by 4% to $2,375. 
What Happened: With the <a href="https://www.benzinga.com/top-stories/24/09/40885335/from-too-hot-to-time-has-come-10-moments-powell-shed-light-on-inflation">market split</a> between a 25 and 50 basis point cut, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40897210/contrarian-trader-bets-200k-to-win-6-5m-on-this-unlikely-fed-rate-cut-scenario">traders are positioning</a> themselves for the anticipated Fed decision.
In a note sent to Decrypt, Illia Otychenko, Lead Analyst at CEX.IO, highlighted the potential for increased market fluctuations, noting that a 50 basis point cut could generate more volatility than a 25 basis point reduction. 
He further explained that the Fed's forward guidance might be the more influential factor, stating, "A 25 bps cut with more aggressive guidance might signal a dovish stance, while a 50 bps cut paired with a passive outlook could cause uncertainty."
Otychenko emphasized that the market's reaction may depend more on Jerome Powell's commentary after the decision rather than the size of the rate cut itself. 
If Powell's remarks fail to provide clarity on the Fed's short-term strategy, investor uncertainty could lead to increased risk aversion, potentially putting pressure on Bitcoin prices.
The cryptocurrency market is not only focused on the Fed's decision but is also watching several other global macroeconomic events this week.
<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>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40904011/howard-winklevoss-donates-4m-in-bitcoin-to-grove-city-college">Howard Winklevoss Donates $4M In Bitcoin To Grove City College</a>
These include Japan's trade data, the Bank of England's interest rate decision, and the U.S. initial jobless claims, all of which could impact global economic sentiment and further affect crypto prices. 
Later in the week, Japan's Consumer Price Index (CPI) and the Bank of Japan's rate decision will also contribute to the global financial landscape, providing further data points for crypto traders.
Inflows activity in Bitcoin and Ethereum exchange-traded funds (ETFs) also reflects mixed market sentiment. 
On Sep. 16, <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">Bitcoin spot ETFs</a> recorded a net inflow of $12.9 million, driven by inflows into BlackRock&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and Fidelity's (CBOE: FBTC) ETFs, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data </a>from SoSo Value.
However, Grayscale's GBTC ETF saw significant outflows of $20.75 million, suggesting institutional investors remain cautious. 
Ethereum ETFs saw a net outflow of $9.5 million, with major outflows from Grayscale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>) ETF, though BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) ETF recorded inflows of $4.15 million.
What&#8217;s Next: These developments will be part of the broader conversation at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will analyze how macroeconomic policies are influencing the cryptocurrency market and what this means for the future of digital assets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40901724/singapores-dbs-bank-launches-bitcoin-and-ethereum-options-trading-for-institutional-client">Singapore&#8217;s DBS Bank Launches Bitcoin And Ethereum Options Trading For Institutional Clients</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

ETHA

ETHE

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Bitcoin Surges 5.3% Ahead Of Fed's Key Rate Decision: Expert Tells Benzinga Which Cut Could 'Cause Uncertainty'

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining around 0.2% on Tuesday.
The Dow traded up 0.01% to 41,628.39 while the NASDAQ rose 0.19% to 17,624.93. The S&amp;P 500 also rose, gaining, 0.03% to 5,634.76.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/40896687/how-to-earn-500-a-month-from-fedex-stock-ahead-of-q1-earnings">How To Earn $500 A Month From FedEx Stock Ahead Of Q1 Earnings</a>
Leading and Lagging Sectors Energy shares jumped by 1.3% on Tuesday.
In trading on Tuesday, health care shares fell by 1.1%.
Top Headline
The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) shares shot up 88% to $0.23 after the company received interim approval for $3.5 million in financing to support 144 locations during its restructuring.</li>
<li>Shares of Galmed Pharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) got a boost, surging 422% to $20.19. Galmed Pharmaceuticals regained Nasdaq compliance.</li>
<li>Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) shares were also up, gaining 24% to $11.40 after the company announced preliminary third-quarter revenue above estimates.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Tupperware Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) shares dropped 58% to $0.5099 following a report suggesting the company is planning bankruptcy.</li>
<li>Shares of Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) were down 29% to $2.0450 following first-quarter earnings.</li>
<li>Korro Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRRO#NASDAQ">KRRO</a>) was down, falling 8% to $37.42. HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterated Korro Bio with a Buy rating and maintained a $100 price target. The company, on Monday, announced a collaboration with Novo Nordisk to advance the discovery and development of new genetic medicines, with the initial target to treat cardiometabolic diseases.</li>
</ul>
Commodities In commodity news, oil traded up 1.6% to $71.21 while gold traded down 0.4% at $2,597.30.
Silver traded down 0.3% to $31.05 on Tuesday, while copper rose 0.1% to $4.2760.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.40%, Germany's DAX rose 0.50% and France's CAC 40 gained 0.51%. Spain's IBEX 35 Index rose 1.06%, while London's FTSE 100 rose 0.38%.
The ZEW Indicator of Economic Sentiment for the Eurozone fell 8.6 points to an eleven-month low level of 9.3. The ZEW Indicator of Economic Sentiment for Germany fell to 3.6 in September from 19.2 in August.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 falling 1.03%, Hong Kong's Hang Seng Index gaining 1.37% and India's BSE Sensex gaining 0.11%.
The merchandise trade deficit in India increased to $29.7 billion in August, recording the highest level in ten months. India's wholesale prices rose by 1.31% year-over-year in August compared to a 2.04% rise in the prior month.
Economics
<ul>
<li>U.S. retail sales rose 0.1% month-over-month in August compared to revised 1.1% gain in July, and topping market estimates of a 0.2% decline.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month.</li>
<li>Total business inventories rose by 0.4% month-over-month in July compared to a 0.3% gain in June and topping market expectations of a 0.3% increase.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40897858/top-2-tech-and-telecom-stocks-that-may-keep-you-up-at-night-in-september">Top 2 Tech And Telecom Stocks That May Keep You Up At Night In September</a></li>
</ul>

Earnings

Equities

Eurozone

Intraday Update

GLMD

KRRO

NCPL

Gold Edges Lower; US Homebuilder Sentiment Rises For September

Investors with a lot of money to spend have taken a bullish stance on United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with URI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for United Rentals.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,167, and 14, calls, for a total amount of $694,451.
<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 $390.0 to $760.0 for United Rentals over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for United Rentals options trades today is 60.25 with a total volume of 64.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Rentals's big money trades within a strike price range of $390.0 to $760.0 over the last 30 days.
<h3>United Rentals 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597837_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$37.4</td>
<td>$36.1</td>
<td>$36.1</td>
<td>$760.00</td>
<td>$72.2K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$180.4</td>
<td>$173.7</td>
<td>$176.9</td>
<td>$590.00</td>
<td>$70.7K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$34.0</td>
<td>$29.4</td>
<td>$31.8</td>
<td>$750.00</td>
<td>$64.6K</td>
<td style="text-align: right;">60</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$320.0</td>
<td>$315.0</td>
<td>$315.0</td>
<td>$440.00</td>
<td>$63.0K</td>
<td style="text-align: right;">61</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$51.7</td>
<td>$48.0</td>
<td>$51.7</td>
<td>$700.00</td>
<td>$56.2K</td>
<td style="text-align: right;">159</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About United Rentals</h3>
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
After a thorough review of the options trading surrounding United Rentals, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is United Rentals Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 219,181, the URI's price is up by 2.98%, now at $764.07. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>What The Experts Say On United Rentals</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $795.0.
<ul>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on United Rentals with a target price of $795. </li>
</ul>
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.
If you want to stay updated on the latest options trades for United Rentals, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On United Rentals

Whales with a lot of money to spend have taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) we detected 57 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $786,100 and 40, calls, for a total amount of $3,658,791.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2000.0 to $4900.0 for Booking Holdings over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Booking Holdings'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 Booking Holdings's whale activity within a strike price range from $2000.0 to $4900.0 in the last 30 days. 
<h3>Booking Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597832_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>BKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$129.9</td>
<td>$122.6</td>
<td>$126.15</td>
<td>$3955.00</td>
<td>$252.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$130.1</td>
<td>$119.2</td>
<td>$123.1</td>
<td>$3955.00</td>
<td>$246.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2077.9</td>
<td>$2074.6</td>
<td>$2074.6</td>
<td>$2000.00</td>
<td>$207.4K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2072.5</td>
<td>$2066.6</td>
<td>$2066.6</td>
<td>$2000.00</td>
<td>$206.6K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2061.8</td>
<td>$2052.8</td>
<td>$2061.8</td>
<td>$2000.00</td>
<td>$206.1K</td>
<td style="text-align: right;">297</td>
<td style="text-align: right;">22</td>
</tr>
</tbody>
</table>

<h3>About Booking Holdings</h3>
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.
Having examined the options trading patterns of Booking Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Booking Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 115,632, with BKNG's price up by 1.33%, positioned at $4031.86.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 44 days.</li>
</ul>
<h3>What The Experts Say On Booking Holdings</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $4022.5.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Booking Holdings with a target price of $4200. </li>
<li>An analyst from Jefferies downgraded its action to Hold with a price target of $4200. </li>
<li>An analyst from Truist Securities downgraded its action to Hold with a price target of $4100. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $3590. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Booking Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

BKNG

Market Whales and Their Recent Bets on BKNG Options

Financial giants have made a conspicuous bullish move on Royal Caribbean Gr. Our analysis of options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 0% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $361,785, and 3 were calls, valued at $202,292.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $185.0 for Royal Caribbean Gr during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Royal Caribbean Gr options trades today is 304.86 with a total volume of 380.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Royal Caribbean Gr's big money trades within a strike price range of $145.0 to $185.0 over the last 30 days.
<h3>Royal Caribbean Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726597827_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$25.5</td>
<td>$22.6</td>
<td>$23.75</td>
<td>$175.00</td>
<td>$237.5K</td>
<td>1</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$36.4</td>
<td>$33.8</td>
<td>$35.0</td>
<td>$145.00</td>
<td>$119.0K</td>
<td>78</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$13.0</td>
<td>$12.25</td>
<td>$12.68</td>
<td>$185.00</td>
<td>$48.1K</td>
<td>70</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$20.4</td>
<td>$18.95</td>
<td>$19.75</td>
<td>$170.00</td>
<td>$35.5K</td>
<td>23</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.68</td>
<td>$2.5</td>
<td>$2.68</td>
<td>$180.00</td>
<td>$35.1K</td>
<td>1.7K</td>
<td style="text-align: right;">162</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 68 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021.
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a volume of 751,028, the price of RCL is down -0.72% at $168.52. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Royal Caribbean Gr</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $213.0.
<ul>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Royal Caribbean Gr, targeting a price of $213. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Royal Caribbean Gr's Options Market Dynamics

Global Li-Ion Graphite (TSE:LION) has released an update. Global Li-Ion Graphite Corp. has signed a memorandum of understanding to assess Uranium p...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Global Li-Ion Graphite

News

Latest news for Global Li-Ion Graphite (OTC:GBBGF) Stock