James E. Wagner Stock (OTC:JWCAF), Trade Ideas

James E. Wagner Cultivation Corp, through its subsidiary is a licensed producer of medical cannabis focusing on producing clean, consistent cannabis using an advanced and proprietary aeroponic platform named GrowthSTORM. The company's operations are based in Kitchener, Ontario.

Cannabis

News

Markets

JWCAF

TSX:JWCA

James E. Wagner Introduces Cannabis 2.0 Products To Canada

Earnings

James E. Wagner Reports Fiscal Q1 Net Loss Of CA$1.2M

Intraday Update

Movers

Trading Ideas

ABEV

AGTK

AJXGF

AMRQQ

APDN

APVO

ASPCF

ATRI

BCMXY

BRDCY

BRGGF

BSET

BSGM

CAPB

CDEV

CEIX

CGIPQ

CHFS

CLSH

CLTFF

CSTE

CVGW

DMCHY

DMLP

DRNK

EJPRY

EMBI

ESCA

EUTLF

FPAFY

GGBXF

GSPE

GTEC

GTII

HEAR

HRVOF

INCT

ISOL

JUVF

LGDDF

LNGLF

MCHX

MHVYF

MMNFF

MMTMF

MOGLF

NEPT

NINOY

NSANF

NSANY

PHOT

PLPRF

PSORF

PUTKY

RDS-A

RTLGF

RYDAF

RYDBF

SINT

SNES

SOHVY

SUNW

TANH

GREEN ORGANIC DUTCHMAN by Green Organic Dutchman Hlgds.

TGODF

TSRYF

TSRYY

UBQU

UVSE

WDDMF

XERS

SVUFF

DKTS

Stocks That Hit 52-Week Lows On Thursday

JAMES E WAGNER CLTVN CP by James E Wagner Cultivation Corp.

James E. Wagner Cultivation Corp

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are falling Friday after the company announced its third quarter earnings release date and did not provide preliminary estimates as it has done in the past. 
The Details:
Investors are concerned that the lack of quarterly preliminary estimates may be a sign of worse-than-expected financial results for SMCI.&nbsp;
Shares of <a href="https://www.benzinga.com/news/24/04/38323516/whats-going-on-with-chipmakers-tsmc-asml-arm-stocks">semiconductor</a> companies have been trading lower amid weakness in the technology sector and following ASML Holdings N.V.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) worse-than-expected earnings report.&nbsp;
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) also reported its quarterly results earlier this week and lowered its chip market outlook as it sees consumer weakness persisting which overshadowed its Q1 results.
Super Micro Computer is <a href="https://www.benzinga.com/pressreleases/24/04/b38333995/supermicro-to-announce-third-quarter-fiscal-2024-earnings-on-april-30-2024">set to release</a> its third-quarter financial results after the market close on April 30 and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of $5.84 per share and quarterly revenue of $4.012 billion.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38324715/whats-going-on-with-google-parent-alphabet-stock-ahead-of-earnings">What&#8217;s Going On With Google Parent Alphabet Stock Ahead Of Earnings?</a>
<h2 class="wp-block-heading">SMCI Stock Prediction 2024:</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Super Micro Computer have an average 1-year price target of $991.93, representing an expected upside of 31.63%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. One analyst has a bearish recommendation on Super Micro Computer, while 10 analysts have bullish ratings. The street high price target from Loop Capital is $1500, while the street low from Susquehanna is $250.
SMCI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Super Micro Computer shares are down 18.4% at $757.62 at the time of publication Friday.
Image: Shutterstock

ASML

SMCI

Why Super Micro Computer Stock Is Falling Friday

<a href="https://www.oregonlive.com/business/2024/04/nike-says-ongoing-layoffs-will-impact-740-in-oregon.html">https://www.oregonlive.com/business/2024/04/nike-says-ongoing-layoffs-will-impact-740-in-oregon.html</a>
&nbsp;
Nike on Friday said in a notice to government officials that it expects to part with 740 Oregon workers, all at its Washington County headquarters.
The filing came as the second wave of a mass layoff started.
&nbsp;
The first wave of the layoff took place in February, shortly after Nike CEO John Donahoe told employees the company would part with 2% of its workforce, but he did not provide information about the number of Oregon jobs that would be impacted.
&nbsp;
On Friday, Nike filed that information with the state's Higher Education Coordinating Commission, as required when mass layoffs occur.
&nbsp;
Nike employs 83,700, according to its last annual report filed with the U.S. Securities and Exchange Commission, including 11,400 at its 400-acre headquarters campus near Beaverton.
&nbsp;
In an email to employees on Friday, the company's senior leadership team, including Donahoe, said the latest round of layoffs started Friday and will be complete by the end of next week.
&nbsp;
The company has asked employees to work from home next week.
&nbsp;
"We know these moments are hard, which includes having to make difficult decisions and saying goodbye to friends and teammates," the leadership team wrote in the email. "We remain committed to ensuring every person impacted is treated respectfully and with great care."
&nbsp;
The ongoing layoffs do not impact workers in Nike's stores, distribution centers, or U.S. manufacturing facilities that make Air insoles.
&nbsp;
In 2020, the company laid off 700 workers in Oregon as part of a restructuring designed to make the company more nimble. In 2017, Nike eliminated 745 jobs here.
&nbsp;
In December, Nike signaled a significant layoff was coming when it told stock analysts that it expected to incur as much as $450 million in restructuring charges in the quarter that ended Feb. 29, mostly from severance costs. At the time, Nike also said it wanted to cut $2 billion in costs over the next three years.
&nbsp;
While Nike remains the dominant sportswear brand, it's been in a sales slump and <a href="https://www.oregonlive.com/news/2023/10/nikes-shoes-are-setting-records-but-casual-runners-are-wearing-rivals.html">losing market</a> share to smaller, nimbler rivals, such as Hoka and On. Nike only expects sales to increase around 1% in the fiscal year that ends May 31.
&nbsp;
It expects sales to decline in the six-month period that beings June 1, before accelerating as a number of new products come to market as part of what the company calls an "innovation super cycle."
&nbsp;
The company's also spoken about plans to "reignite" sales in growing parts of the company, including products for women, the Jordan brand and running gear.

Management

'Nike Says Layoffs Will Impact 740 At Oregon Headquarters' - Oregon Live

Taylor Swift&#8216;s latest album, &#8220;The Tortured Poets Department,&#8221; has joined forces with <a href="https://www.benzinga.com/general/entertainment/24/03/37543179/tiktoks-licensing-predicament-expiring-music-publishers-deal-amplifies-universal-music-grou">ByteDance&#8217;s TikTok.</a>
This marks a significant turnaround after Swift&#8217;s music was absent from the platform due to a dispute between Universal Music Group NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>) and the popular social media platform.
<a href="https://www.musicbusinessworldwide.com/taylor-swifts-return-to-tiktok-includes-an-in-app-experience-for-the-tortured-poets-department-with-first-of-its-kind-features/">According</a> to Music Business Worldwide, the TikTok experience for Swift&#8217;s album offers fans exclusive features like curated playlists, interactive challenges, and unlockable artwork, providing an engaging way for fans to dive into the music.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38242128/apple-teams-engaged-deeply-with-taylor-swift-on-the-tortured-poets-department-album-weve-re">Apple Teams Engaged Deeply With Taylor Swift On &#8216;The Tortured Poets Department&#8217; Album &#8211; &#8216;We&#8217;ve Really Built A Lot Of Credibility And Trust&#8217;</a>
This collaboration is a smart move. Swift has a massive following on TikTok, with over 25.3 million fans since joining in 2021. It shows how powerful platforms like TikTok can be for artists, especially when combined with Swift&#8217;s dedicated fan base. 
Plus, the partnership highlights TikTok&#8217;s &#8216;Add to Music App&#8217; feature, which lets users save songs for later listening on platforms like Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Apple Music, making the album even more accessible.
This feature, introduced back in November, expanded to 163 more countries in February and recently reached Brazil and Indonesia, where TikTok Music competes with Spotify. 
On April 18, Swift&#8217;s new album became the most pre-saved album ever on Spotify. Fans who pre-save albums get push notifications when they drop, and Spotify automatically adds the album to their library. 
It&#8217;s worth noting that the digital music platform says nearly 70% of pre-savers listen to the album in its first week. 
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/03/37701205/taylor-swift-concert-film-hits-streaming-heres-how-to-watch-the-eras-tour-taylors-version">Taylor Swift Concert Film Hits Streaming: Here&#8217;s How To Watch &#8216;The Eras Tour (Taylor&#8217;s Version)&#8217;</a>
Image created using photos from Shutterstock.

Entertainment

Social Media

General

AAPL

SPOT

UMGNF

Taylor Swift Teams Up With TikTok For 'The Tortured Poets Department': Exclusive Features

Whales with a lot of money to spend have taken a noticeably bullish stance on Southwest Airlines.
Looking at options history for Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $383,828 and 3, calls, for a total amount of $139,825.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $35.0 for Southwest Airlines over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Southwest Airlines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Southwest Airlines's significant trades, within a strike price range of $25.0 to $35.0, over the past month.
<h3>Southwest Airlines Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713552373_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>LUV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.95</td>
<td>$6.7</td>
<td>$6.78</td>
<td>$27.50</td>
<td>$67.6K</td>
<td>1.1K</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>LUV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.71</td>
<td>$1.69</td>
<td>$1.71</td>
<td>$27.50</td>
<td>$54.9K</td>
<td>2.3K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>LUV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.05</td>
<td>$4.95</td>
<td>$4.96</td>
<td>$30.00</td>
<td>$49.6K</td>
<td>1.9K</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>LUV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.0</td>
<td>$4.85</td>
<td>$4.89</td>
<td>$30.00</td>
<td>$48.8K</td>
<td>1.9K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>LUV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.65</td>
<td>$5.55</td>
<td>$5.55</td>
<td>$25.00</td>
<td>$46.0K</td>
<td>552</td>
<td style="text-align: right;">84</td>
</tr>
</tbody>
</table>

<h3>About Southwest Airlines</h3>
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.
Having examined the options trading patterns of Southwest Airlines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Southwest Airlines Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,770,218, with LUV's price up by 1.2%, positioned at $29.41.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 6 days.</li>
</ul>
<h3>Expert Opinions on Southwest Airlines</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.666666666666668.
<ul>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Southwest Airlines, targeting a price of $38. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Southwest Airlines, targeting a price of $27. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Southwest Airlines with a target price of $30. </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 Southwest Airlines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Decoding Southwest Airlines's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PNC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for PNC Finl Servs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 11% bullish and 88%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $280,245, and there was 1 call, for a total amount of $162,030.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $160.0 for PNC Finl Servs Gr over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PNC Finl Servs Gr'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 PNC Finl Servs Gr's whale trades within a strike price range from $155.0 to $160.0 in the last 30 days. 
<h3>PNC Finl Servs Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713552366_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.4</td>
<td>$160.00</td>
<td>$162.0K</td>
<td style="text-align: right;">237</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>PNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$12.3</td>
<td>$12.0</td>
<td>$12.3</td>
<td>$160.00</td>
<td>$40.5K</td>
<td style="text-align: right;">158</td>
<td style="text-align: right;">33</td>
</tr>
<tr>
<td>PNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$12.4</td>
<td>$12.1</td>
<td>$12.25</td>
<td>$160.00</td>
<td>$40.4K</td>
<td style="text-align: right;">158</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>PNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$9.4</td>
<td>$9.2</td>
<td>$9.36</td>
<td>$155.00</td>
<td>$34.5K</td>
<td style="text-align: right;">84</td>
<td style="text-align: right;">107</td>
</tr>
<tr>
<td>PNC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$9.4</td>
<td>$9.2</td>
<td>$9.31</td>
<td>$155.00</td>
<td>$33.5K</td>
<td style="text-align: right;">84</td>
<td style="text-align: right;">178</td>
</tr>
</tbody>
</table>

<h3>About PNC Finl Servs Gr</h3>
PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.
In light of the recent options history for PNC Finl Servs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>PNC Finl Servs Gr's Current Market Status</h3>
<ul>
<li>With a volume of 1,399,832, the price of PNC is down -0.6% at $147.0. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 88 days.</li>
</ul>
<h3>Expert Opinions on PNC Finl Servs Gr</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $172.6.
<ul>
<li>An analyst from Goldman Sachs has decided to maintain their Neutral rating on PNC Finl Servs Gr, which currently sits at a price target of $168. </li>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for PNC Finl Servs Gr, targeting a price of $171. </li>
<li>An analyst from B of A Securities persists with their Neutral rating on PNC Finl Servs Gr, maintaining a target price of $168. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on PNC Finl Servs Gr with a target price of $194. </li>
<li>An analyst from Jefferies persists with their Hold rating on PNC Finl Servs Gr, maintaining a target price of $162. </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 PNC Finl Servs Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at PNC Finl Servs Gr's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DDOG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 11 are puts, totaling $664,935, and 11 are calls, amounting to $692,584.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $190.0 for Datadog during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Datadog's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Datadog's substantial trades, within a strike price spectrum from $70.0 to $190.0 over the preceding 30 days.
<h3>Datadog Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713552361_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>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$16.7</td>
<td>$16.25</td>
<td>$16.3</td>
<td>$180.00</td>
<td>$161.3K</td>
<td style="text-align: right;">164</td>
<td style="text-align: right;">99</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$51.8</td>
<td>$50.5</td>
<td>$51.1</td>
<td>$70.00</td>
<td>$153.3K</td>
<td style="text-align: right;">97</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DDOG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$33.6</td>
<td>$32.5</td>
<td>$33.6</td>
<td>$150.00</td>
<td>$144.4K</td>
<td style="text-align: right;">933</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DDOG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$6.0</td>
<td>$5.8</td>
<td>$6.0</td>
<td>$120.00</td>
<td>$90.0K</td>
<td style="text-align: right;">53</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$14.9</td>
<td>$14.9</td>
<td>$14.9</td>
<td>$125.00</td>
<td>$86.4K</td>
<td style="text-align: right;">554</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About Datadog</h3>
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses.
After a thorough review of the options trading surrounding Datadog, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Datadog</h3>
<ul>
<li>With a trading volume of 2,267,276, the price of DDOG is down by -3.56%, reaching $120.58.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 18 days from now.</li>
</ul>
<h3>What The Experts Say On Datadog</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $150.0.
<ul>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $150. </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 Datadog with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

DDOG

A Closer Look at Datadog's Options Market Dynamics

This is an excerpt from <a class="core-block" href="https://www.benzinga.com/author/todd-harrison" target="_blank">Todd Harrison</a>&#39;s <a class="core-block" href="https://substack.com/@toddharrison" target="_blank">Cannabis Confidential</a> newsletter, published on April 17. <a class="core-block" href="https://substack.com/@toddharrison" target="_blank">Click here</a> to get Cannabis Confidential delivered to your inbox daily.
Former U.S. Sen. Cory Gardner told a panel on the first day of the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Florida that several ranking Congress members are intending to attach the SAFER Banking Act to the must-pass FAA reauthorization.
&quot;It might not be pretty but it will get the job done,&quot; the Colorado Republican told the Benzinga conference.
During the same panel, former U.S. Rep. Ed Perlmutter hinted at imminent regulatory changes that could benefit the cannabis industry, stating: &ldquo;The DEA will help with 280E and so forth, and hopefully we&rsquo;ll see a decision this week, or soon.&rdquo;
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F541f0e4a-8054-449c-aad8-5c8a7dc19882_591x1285.jpeg" rel="" target="_blank"><img alt="" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F541f0e4a-8054-449c-aad8-5c8a7dc19882_591x1285.jpeg" style="height:978px; width:450px" /></a></div>
</div>
I&rsquo;ve been working with the Benzinga Cannabis team for the last few years to help layer experiences atop their biannual cannabis conferences, which have emerged from the once-littered canna landscape as the last must-attend industry event standing.
Gatherings like this have long been a part of my DNA. Back in <a href="https://en.wikipedia.org/wiki/Minyanville" rel="">the Minyanville days</a>, we had a robust digital community that navigated financial markets in real-time and we hosted Minyans in the Mountains and <a href="https://www.seeitmarket.com/minyan-magic-scenes-from-festivus-2012-13144/" rel="">Festivus events</a> to bring those pixels to life.
In October 2021, we took the same model and <a href="https://toddharrison.substack.com/p/blazing-a-us-cannabis-trail-1?utm_source=publication-search" rel="">applied it to the cannabis industry</a>. It was a fairly simple recipe:
<ol>
<li>
Identify your silos: for canna, those were operators, investors, bankers, analysts.
</li>
<li>
Seed each silo with critical mass; thought-leaders + decision-makers.
</li>
<li>
Use that critical mass as the genesis for growth and create scarcity value.
</li>
<li>
Fill (don&rsquo;t overfill) silos with quality &gt; quantity with a strict &lsquo;no asshole&rsquo; policy.
</li>
<li>
At the event, lift the lids off the silos and watch the entourage effect go nuts.
</li>
</ol>
Benzinga is a different animal, of course. With over 2000 attendees in Florida, Patrick Lane told me that this was the highest attendance ever for a BZ Canna show, which was somewhat surprising given the price degradation and prolonged bear market.
I arrived at The Diplomat Sunday night as I wanted to avoid TSA during trading hours, particularly given the proximity to the 4/20 holiday, where observers are curious if an announcement on/ near that day is so cringe that it just might happen.
Monday April 15th
There was no news, of course, just another <a href="https://toddharrison.substack.com/p/time-machine" rel="">volatile session and a late-day kick-save</a>, so I jockeyed bw trading, writing, meetings&mdash;including QT with Big Brady Cobb, who kindly handed me some Sunburn flower to sample&mdash;before a quick shower and dinner with a local buddy/ 40-year friend/ investor who I hadn&rsquo;t seen in ages.
As I turned on some tunes and began to shave, I found myself becoming increasingly frustrated that my shaving cream wouldn&rsquo;t lather, and as I rubbed harder, my mind began to think about what the average expiration date on shaving cream might be, and then I realized&mdash;I wasn&rsquo;t using shaving cream, I was using aftershave.
I had two epiphanies at that moment: 1. It&rsquo;s prolly not a good idea to enjoy cannabis prior to putting a razor against your neck and 2. Holy fuck Sunburn cannabis &#128293; 
After dinner, where I spent most of it openly wondering how a guy like Paul could get a gal like Kira&mdash;I&rsquo;ll tell ya, it almost bends the laws of physics&mdash;I met up with another pal of 35 years (also an investor) and ventured toward the pure madness in the lobby.
Thankfully, we didn&rsquo;t get far because holding court at the first table was Dan Ahern, Noah Hammon and Mackenzie Peterson, along with the Jungle Java who traveled for 24 hours without sleep to get from parts unknown to sunny south Florida.
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ade0599-09cf-4c0d-a852-8e0b9f8c128b_1440x1920.jpeg" rel="" target="_blank"><img alt="IMG_5862.jpg" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ade0599-09cf-4c0d-a852-8e0b9f8c128b_1440x1920.jpeg" style="height:600px; width:450px" title="IMG_5862.jpg" /></a></div>
</div>
<div class="captioned-image-container">
MSOS PM Dan Ahern and Jungle Java
</div>
We&rsquo;re big Jane fans around here and the fact that she was able to jump through so many last-minute hoops&mdash;expired passport, coverage for kids, her ride to the airport falling through&mdash;to finally meet her many virtual friends was in a word, awesome.
Tuesday, April 16th 
I awoke at the crack of dawn, watched a killer sunrise, downloaded the overnight news and headed down to the main conference area to fuel up on some coffee and explore the minions of Cannaland. I&rsquo;ve long said the products and the people are the best pot perks and I was reminded of that as more and more friendly faces began to emerge.
The first panel I attended featured Dan Ahern of MSOS, David Goubert of AYR and Aaron Miles at Verano, among others, discuss the cannabis landscape. I didn&rsquo;t hear anything new or different but as there were alotta first-timers at the event, it was a solid, comprehensive overview of the opportunity set and risk factors.
I was looking forward to the next panel as I&rsquo;ve always appreciated the sincere efforts of Ed Perlmutter to move SAFE Banking. Sen. Cory Gardner is another canna champ, and I was curious to hear their perspectives given the many moving parts in D.C.
I put my phone down, almost willing myself not to look at or think about the crimson screens on my Bloomberg app, which were all the more perplexing given the news over the last week&mdash;flow that includes a <a href="https://toddharrison.substack.com/p/jitter-bugs" rel="">potential package and due-date for SAFER</a>.
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2e0a7a0b-32a1-4b4b-b1b3-2aea2c181950_924x777.jpeg" rel="" target="_blank"><img alt="IMG_5959.JPG" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2e0a7a0b-32a1-4b4b-b1b3-2aea2c181950_924x777.jpeg" style="height:378px; width:450px" title="IMG_5959.JPG" /></a></div>
</div>
It wouldn&rsquo;t take long for me to pick my phone up bc the Perl dropped a few pearls a few minutes into the session:
<blockquote>&quot;we are on the cusp and we will get [SAFER banking] done&hellip; we tried the ordinary course of legislation, now plan is to attach SAFER to the must-pass FAA bill (by May 10) packaged with a stable-coin bill.&rdquo;
&ldquo;Rep. McGovern, the ranking member Rules Committee, told us just days ago, &quot;thank you for telling me the plan and I look forward to working the plan&quot; 
Rep. Steve Daines also told me, &quot;we will get this done.&quot;
</blockquote>
While there was additional nuance there, we already knew that this latest shot on goal was in motion. What we don&rsquo;t yet know is whether it will prove successful or if it&rsquo;ll be yet another footnote in Chuck Schumer&rsquo;s canna epitaph, as so many suspect.
But that&rsquo;s not the part that caught my attention; it was this quick pivot, which was amplified by a full-beat pause before the words, &ldquo;or soon.&rdquo;
<blockquote>&ldquo;The DEA will help with 280E and so forth, and hopefully we&#39;ll see a decision this week,&hellip;or soon.&quot;. 
</blockquote>
While I know that nobody knows, this was the second government official to reference that date (Cory Booker) so I bit my lip and fired it off as an <a href="https://x.com/todd_harrison/status/1780251234747773391" rel="">X-post.</a>
J-Dubs was next up on the main stage, where he spoke about the motivations behind <a href="https://toddharrison.substack.com/p/order-in-the-court?utm_source=publication-search" rel="">the Boies lawsuit</a> and the need for the cannabis industry to fight for it&rsquo;s rights by all means necessary. Not all heroes wear capes but some evidently wear soft flannel.
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa2f0d115-6b90-411f-bed0-5609389e5c39_924x847.jpeg" rel="" target="_blank"><img alt="IMG_5958.JPG" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa2f0d115-6b90-411f-bed0-5609389e5c39_924x847.jpeg" style="height:413px; width:450px" title="IMG_5958.JPG" /></a>
<div class="image-link-expand">Javier Hasse and Jason Wild</div>
</div>
</div>
I broke for an outdoor lunch meeting before catching BoJo&rsquo;s afternoon keynote&mdash;he mentioned that the uptake in Germany since legalization has exceeded their internal expectations&mdash;and then, after one more sit-down, I slipped away to focus on the close.
One of my favorite parts of the Benzinga events is the Executive Dinner we co-host w Benzinga on behalf of the <a href="https://www.theweldonproject.org/mission-green-alliance" rel="">Mission [Green] Alliance</a>, which is the ongoing initiative by the U.S. cannabis industry to support <a href="https://toddharrison.substack.com/p/dc-confidential?utm_source=publication-search" rel="">Weldon Angelos&rsquo; efforts</a> on the frontlines.
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ae5d34f-b794-4329-9026-cc478bf34c92_1426x1426.png" rel="" target="_blank"><img alt="" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ae5d34f-b794-4329-9026-cc478bf34c92_1426x1426.png" style="height:450px; width:450px" /></a></div>
</div>
We&rsquo;ve hosted a few of these gatherings at the <a href="https://toddharrison.substack.com/p/the-second-city?utm_source=publication-search" rel="">Benzinga Chicago event</a> but this was the first one we held in Florida. Insofar as we kept the same recipe&mdash;thought-leaders and decision-makers who&rsquo;ve walked the walk to effect positive federal change + great food + groovy music&mdash;there really wasn&rsquo;t much left to do except fill the room.
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcaa64e99-8a2c-4b93-b584-9719c5901d05_1920x1440.jpeg" rel="" target="_blank"><img alt="IMG_5907.jpg" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcaa64e99-8a2c-4b93-b584-9719c5901d05_1920x1440.jpeg" style="height:338px; width:450px" title="IMG_5907.jpg" /></a></div>
</div>
<div class="captioned-image-container">
Ann Gillen Lefever (VFF, J-dubs (TSND), Boris Jordan (CURA)
</div>
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd816db2d-038f-4353-b8d8-b0a2fdbad18f_680x510.jpeg" rel="" target="_blank"><img alt="Image" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd816db2d-038f-4353-b8d8-b0a2fdbad18f_680x510.jpeg" style="height:338px; width:450px" title="Image" /></a></div>
</div>
<div class="captioned-image-container">
Some of the wonder women of weed
</div>
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9892c5b-6255-455e-a5bd-de575aef21cc_1920x1440.jpeg" rel="" target="_blank"><img alt="IMG_5924.jpg" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9892c5b-6255-455e-a5bd-de575aef21cc_1920x1440.jpeg" style="height:338px; width:450px" title="IMG_5924.jpg" /></a></div>
</div>
<div class="captioned-image-container">
Jeff Davimos, Steve Gordan, Chris Yetter
</div>
<div class="captioned-image-container">
<div class="image2-inset"><a class="image-link is-viewable-img image2" href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F784e2330-6d85-4f87-8b7a-f1e195604a16_1179x1458.jpeg" rel="" target="_blank"><img alt="IMG_5961.jpg" class="sizing-normal" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F784e2330-6d85-4f87-8b7a-f1e195604a16_1179x1458.jpeg" style="height:556px; width:450px" title="IMG_5961.jpg" /></a></div>
</div>
<div class="captioned-image-container">
Darren Weiss (VRNO), J-dubs (TSND), Emily Paxhia (Poseidon)
</div>
I&rsquo;ll leave most of what was said in the room in the room but there was most definitely a moment toward the end of the night, after Brady and I indulged in what has quickly become my favorite strain&mdash;Blue Zushi&mdash;when Brady turned to JW and I, and said:
<blockquote>&ldquo;I had an epiphany walking in and looking at the leadership in this room&mdash;these are some tough motherfuckers! To go through what we just went through the last five-plus years and to not only be here, but to have more fire in our bellies than ever&hellip;these are some tough motherfuckers.&rdquo;
</blockquote>
Truer words...
&#128591; Benzinga, GrowGen, Verano, Pharmacann, TerrAscend, Curaleaf, Cresco, Sunburn, Village Farms, Mattio, Rubicon, 4Front, AYR Wellness, Advisor Shares, Curio Wellness, Weedmaps, Vangst, Akerman LLP, Speedwell Partners, AGP and the rest of ya.
Chatter Box
We heard a few juicy rumors in Florida, from &ldquo;a top-five money center bank hired a large canna law firm to expedite guidance on banking,&rdquo; to &ldquo;we&rsquo;re told the DOJ sent their report to the WH to &ldquo;there&rsquo;s infighting and dissention in the ranks and nothing is imminent.&rdquo;
My takeaway? Nobody fucking knows, so take everything with a shaker of salt.
Random Thought
A better bid into the weekend wouldn&#39;t shock me... but a nothing done by Monday would be no bueno.
If you&rsquo;d like to help Mission [Green] change federal cannabis policies, please <a href="https://www.projectmissiongreen.org/donate" rel="">click here.</a>
All photos in article by Todd Harrison. Lead image: Jean for Benzinga.
CB1 has positions in / advises some of the companies mentioned and nothing contained herein should be considered advice.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

AYRWF

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

FFNTF

GRWG

MAPS

MSOS

VRNOF

Inside The Top Cannabis Business Conference In America: High Expectations For Reform, The Future Of Banking And Taxes

Editor&#8217;s Note: We have updated the story with comment from Citadel&#8217;s spokesperson in paragraph 7, and Truth Social&#8217;s response to Citadel in last paragraph
Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)&nbsp;<a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">shares are trading higher on Friday.</a>
In an&nbsp;<a target="_blank" href="https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-24-020575.pdf" rel="noreferrer noopener">exchange filing</a>, the company said it sent a letter to Nasdaq regarding&nbsp;<a target="_blank" href="https://www.benzinga.com/general/politics/24/04/38298524/trump-sees-net-worth-dip-below-4b-after-truth-social-stock-tumbles-could-ex-president-sell-share" rel="noreferrer noopener">suspected short-selling activity in its shares.</a>
&#8220;As you know, &#8220;naked&#8221; short selling—selling shares of a stock without first borrowing the shares deemed difficult to locate—is generally illegal pursuant to Securities and Exchange Commission Regulation SHO,&#8221; Chief Executive Devin Nunes said in the letter.
As of April 17, Former President&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/donald-trump" rel="noreferrer noopener">Donald Trump&#8217;s</a>&nbsp;Trump Media &amp; Technology Group, behind the Truth Social platform,&nbsp;appears on Nasdaq&#8217;s &#8220;Reg SHO threshold list,&#8221;&nbsp;which indicates unlawful trading activity.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38327701/trump-looks-less-orange-more-yellow-says-dismissed-hush-money-trial-juror-he-doesnt-look-angry-he-lo" rel="noreferrer noopener">Trump Looks Less Orange, More Yellow Says Dismissed Hush Money Trial Juror: &#8216;He Doesn&#8217;t Look Angry, He Looks Bored&#8217;</a>
&#8220;This is particularly troubling given that &#8220;naked&#8221;&nbsp;short selling often entails sophisticated market participants profiting at the expense of retail investors,&#8221;&nbsp;Nunes&nbsp;added.
Reports indicate that, as of April 3, the filing added that Trump Media was&nbsp;the most expensive U.S. stock to short,&nbsp;meaning&nbsp;brokers have a significant financial incentive to lend non-existent shares.
&#8220;Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital,&#8221;&nbsp;the company said in the filing.
In response to the filing, a Citadel spokesperson told Benzinga, &#8220;Devin Nunes is the proverbial loser who tries to blame "naked short selling" for his falling stock price. Nunes is exactly the type of person Donald Trump would have fired on the Apprentice. If he worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do.&#8221;
Yesterday, Trump Media &amp; Technology Group&nbsp;explained to shareholders how to prevent shares from&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38319481/why-trump-media-technology-group-shares-are-gaining-thursday" rel="noreferrer noopener">being loaned for a short-interest position.</a>
The advice comes amid a decline in the share price of DJT since March 26, when the company behind the Truth Social app went public, CNBC&nbsp;<a target="_blank" href="https://www.cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html#:~:text=The%20tips%20include%20holding%20DJT,them%20in%20your%20retirement%20account.%E2%80%9D" rel="noreferrer noopener">reported</a>.
&#8220;In light of the foregoing, and Nasdaq&#8217;s obligation and commitment to protect the interests of retail investors, please advise what steps you can take to foster transparency and compliance by ensuring market makers are adhering to Reg SHO, requiring brokers to disclose their&#8217; Net Short&#8221; positions, and preventing the lending of shares that do not exist,&#8221; Nunes wrote to Nasdaq.
Truth Social, in its response to Citadel said, &#8220;Citadel Securities, a corporate behemoth that has been fined and censured for an incredibly wide range of offenses including issues related to naked short selling, and is world famous for screwing over everyday retail investors at the behest of other corporations, is the last company on earth that should lecture anyone on &#8216;integrity.'&#8221;
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38323136/trump-media-vs-reddit-analyzing-the-showdown-of-social-media-giants" rel="noreferrer noopener">Trump Media Vs. Reddit — Analyzing The Showdown Of Social Media Giants</a>
Price Action:&nbsp;DJT shares are trading higher by 2.21% to $33.93 on&nbsp;the last check Friday.
Photo via Shutterstock

Equities

Tech

Trump Media & Technology Group Allege Naked Short Selling, Seek Nasdaq's Intervention (Update-2)

Pseudonymous cryptocurrency analyst Rekt Capital reiterated his <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37896732/bitcoin-in-danger-zone-ahead-of-halving-trader-warns-of-potential-price-drop">concept of a &#8220;danger zone&#8221;</a>, cautioning that the imminent Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) halving may lead to price volatility.
What Happened: &#8220;We&#8217;ve been talking about this danger zone for a while,&#8221; the pseudonymous analyst said in his latest YouTube <a href="https://www.youtube.com/watch?v=i1RGsduLxJ4">video</a>, adding that &#8220;we&#8217;ve seen retracement in that danger zone. And, in fact, we are in the thick of this danger zone, we&#8217;ve been in this danger zone for a month or so. And we&#8217;ve already seen two pre-halving retraces.&#8221;
<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/24/04/38338072/crypto-market-cap-skyrockets-64-5-in-q1-spot-trading-hits-multi-year-highs">Crypto Market Cap Skyrockets 64.5% In Q1, Spot Trading Hits Multi-Year Highs</a>
Historical Context: Pullback Before The Surge?
Rekt Capital draws on historical trends, highlighting a pattern of price slowdowns and pullbacks leading up to the halving event. 
&#8220;You can see that around the halving is when we typically see slowing down in the momentum for a little while, pulling back before embarking on the parabolic upside,&#8221; he explains. &#8220;And that&#8217;s been the case in each cycle thus far and it will probably be the case in this cycle as well.&#8221;
Potential Buying Opportunity On The Horizon?
While acknowledging the current market volatility, Rekt Capital identified a potential silver lining for investors. 
&#8220;Anything getting closer to a 20% pullback is fantastic for Bitcoin because that&#8217;s typically when we tend to see limited downside occur and that&#8217;s where we tend to typically also see extreme fear which tends to precede financial opportunity,&#8221; he says. 
&#8220;So we are getting closer to that point, we are getting closer to that reversal point. But we don&#8217;t quite know exactly where the bottom is.&#8221;
What&#8217;s Next: With the Bitcoin halving poised to significantly impact the cryptocurrency market, Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 promises to be a valuable resource for investors and enthusiasts alike.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38338215/usdt-to-deploy-on-ton-blockchain-amid-telegram-co-founder-keynote-speech">USDT To Deploy On TON Blockchain Amid Telegram Co-Founder Keynote Speech</a>
Image: Shutterstock

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

Cryptocurrency

$BTC

Bitcoin In The Danger Zone: Is A 20% Price Crash Imminent?

Needham analyst Joseph Stringer reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $26 price target.

Price Target

Reiteration

Analyst Ratings

PHAT

Needham Reiterates Buy on Phathom Pharmaceuticals, Maintains $26 Price Target

Government

Regulations

Legal

House Energy And Commerce Committee Chair, Subcommittee On Oversight And Investigations Chair Says Unitedhealth CEO To Testify Before Subcommittee On May 1; Hearing To Discuss Cyberattack On Change Healthcare

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) started as a DVD-by-mail membership service before expanding into the growing streaming market. Over the past 25 years, the company has navigated challenges and remained<a href="https://www.benzinga.com/markets/18/05/11764543/this-day-in-market-history-netflix-goes-public"> ahead of trends.</a>
Here's a look back at its history and how an investment in its initial public offering (IPO) would have fared.
What Happened: Netflix <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">ended the first quarter </a>of 2024 with 269.60 million paid global subscribers, making the platform one of the largest globally.
Over the years, Netflix has grown its subscriber base through heavy content spending, having high-demand original programming and expanding offerings to include video games and live comedy and sports events.
Netflix was founded in 1997 and launched its website NetFlix.com on April 14, 1998. Originally known as a DVD-by-mail rental service, Netflix found itself in competition with Blockbuster and other physical movie rental chains.
Blockbuster also launched its own DVD-by-mail rental service. A battle between Netflix and Blockbuster raged on for years, before Blockbuster eventually&nbsp;<a href="https://www.benzinga.com/markets/company-news/10/08/445627/bye-bye-blockbuster-video-store-chain-to-file-bankruptcy-next-mont" target="_blank" rel="noreferrer noopener">filed for bankruptcy&nbsp;</a>in 2010 due to its high level of debt.
Back in 2000, Netflix&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/04/31801202/when-netflix-founders-tried-selling-the-company-to-amazon-blockbuster-they-laughed-us-out-o" target="_blank" rel="noreferrer noopener">pitched a deal</a>&nbsp;to be acquired by Blockbuster for $50 million. The pitch came as Netflix was among the companies feeling the effect of the dot-com market crash. Blockbuster executives are said to have laughed Netflix out of the room.
Before they pitched the company to Blockbuster for an acquisition, Netflix took a meeting with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) back in 1998. 
Amazon founder Jeff Bezos offered $15 million to acquire Netflix, but the company turned the deal down, believing they had more growth ahead.
The co-founders of Netflix who turned down the Amazon deal are likely happy they did, as are any investors who got in on the streaming company early.
Netflix held its IPO on May 29, 2002, offering 5.5 million shares at a price of $15. Shares posted triple-digit returns for investors over the first several years.
At the time of its IPO, Netflix had around 600,00 subscribers for its DVD-by-mail rental service. In April 2023, the company&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/04/31883368/after-25-years-of-incredible-run-netflix-breaks-up-with-dvds-its-not-you-its-streaming" target="_blank" rel="noreferrer noopener">ended its DVD-by-mail service.</a>
Years later, in 2007, Netflix entered the next phase of growth&nbsp;<a href="https://www.benzinga.com/general/education/23/09/34988686/if-you-invested-1-000-in-netflix-stock-when-company-announced-streaming-launch-heres-how-much-y" target="_blank" rel="noreferrer noopener">by offering streaming</a>&nbsp;to subscribers as part of its existing DVD rental by mail service. Eventually, the company would transition to offering streaming and mail packages separately or as bundles.
In 2012, "Lillyhammer" became the first original series to hit the Netflix streaming platform. Over the years, Netflix has released plenty of hit shows like "House of Cards," "Stranger Things," "Bridgerton," &#8220;Squid Game&#8221; and more.
Related Link: <a href="https://www.benzinga.com/general/entertainment/24/03/37540711/jake-paul-vs-mike-tyson-coming-to-netflix-biggest-fight-in-history">Jake Paul Vs. Mike Tyson Coming To Netflix &#8211; &#8216;Biggest Fight In History&#8217;</a>
Investing $1,000 In Netflix Stock:&nbsp;Although investors couldn&#8217;t predict Netflix&#8217;s ascendancy as a streaming juggernaut or Blockbuster&#8217;s eventual bankruptcy, they might have backed Netflix based on their personal experience as customers or their faith in the company&#8217;s innovative vision and consistent growth.
At a price point of $15, an investor could have purchased 66.7 shares at the time of the Netflix IPO. Stock splits in 2004 (2-for-1) and 2015 (7-for-1) would have turned the $1,000 investment into 933.38 shares.
Based on a price of $556.47 for Netflix stock at the time of writing, the $1,000 investment would be worth $519,397.47 today. This represents a return of 51,839.8% for investors.
Netflix shares hit an all-time high of $691.69 on Nov. 17, 2021. The $1,000 investment would have been worth a staggering $645,609.61 at that time.
While past results don't always mean the future will be a success, Netflix remains a market leader in the streaming space and is gaining subscribers with a password-sharing crackdown and ad-supported plan launch.
This article was previously published by Benzinga and has been updated.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38237862/meghan-markle-prince-harry-line-up-new-projects-with-netflix-heres-what-the-shows-are-about">Meghan Markle, Prince Harry Line Up New Projects With Netflix: Here&#8217;s What The Shows Are About</a>
Image: Unsplash

Education

AMZN

NFLX

If You Invested $1,000 In Netflix Stock At Its IPO, Here's How Much You'd Have Today

U.S. stocks are experiencing declines this Friday, on track of ending another week of negative performance. 
The Nasdaq 100 has dropped over 5% this week, potentially marking its most significant decline since late October 2022, while the S&amp;P 500 faces its sixth consecutive day of losses, the longest such streak since September 2022, with concerns over interest rates, corporate earnings, and geopolitical tensions <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">weighing on investor sentiment.</a>
Industry-wise, semiconductor stocks, tracked by the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) are down 2.7%, eyeing weekly declines of about 8%, marking the most significant drop since June 2022.
Israel carried out limited retaliation against Iran overnight, targeting a location near an air base facility without causing significant damage.
Yields on shorter-dated U.S. Treasury bonds remain stable at around 5%, maintaining levels seen since mid-November 2023, amid Federal Reserve Chair Jerome Powell&#8216;s staunch opposition to rate cuts.
Gold prices surged to $2,400 per ounce amid escalating tensions in the Middle East, while oil prices stabilized after an initial rise following the Israeli strike.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a modest increase of over 1%, with the crypto community anticipating the upcoming halving event.
<h3 class="wp-block-heading" id="h-friday-s-performance-in-major-us-indices-etfs">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,001.61</td>
<td>0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,947.93</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,984.63</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,127.17</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1.30 p.m. EDT </figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $496.85, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5%% to $379.83 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 1.5% to $417.03 according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.6%, followed by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), up 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1.5%. 
<h3 class="wp-block-heading" id="h-friday-s-stock-movers">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) rocketed 13% on rumors that Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)&nbsp;and Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)&nbsp;are mulling a joint bid for the company.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 18% as the company announced its third-quarter earnings date, but it did not provide preliminary estimates.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) saw a fall of nearly 9% despite beating Street estimates last quarter. Investors negatively reacted to the company&#8217;s plans to cease providing quarterly disclosures on subscriber growth or average revenue per member starting next year.</li>
<li>Other companies reacting to earnings were American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) up 5.5%, Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) up 5.6%, Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) up 1.5% Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) down 0.7%, Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) flat, and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), down 1.5%. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was 0.5% lower after the EV-maker recalled thousands of Cybertrucks due to an accelerator pedal problem. </li>
</ul>
Read now: <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">Is The US National Debt Unsustainable? &#8216;We Can&#8217;t Have A Deficit Of 7% Of The GDP&#8217;</a>
Photo: Shutterstock

Large Cap

Market Summary

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Treasuries

Global

Econ #s

Federal Reserve

ETFs

SPDR Dow Jones Industrial Average ETF Trust

FITB

HBAN

PARA

Sony Group Corporation American Depositary Shares

SONY

TSLA

S&P 500 Nears 6-Day Slide, Nasdaq 100 Faces Worst Week Since Late 2022: What's Driving Markets Friday?

George Soros famously earned $1 billion betting against the British pound in the early 1990s, predicting that the English central bank would devalue its money compared to other European currencies.&nbsp;
Currency investors expect volatility, but a massive score in a single trade is still infrequent. However, a recent disruption in the Egyptian currency markets created an opportunity for perceptive prop trader Naveen Choppara of Millennium Management, who single-handedly put together one of the year's most profitable trades.
Don't Miss:
<ul>
<li>This prop trading firm allows traders to receive 100% of the first $25,000 per account and 90% beyond that.<a href="https://www.benzinga.com/money/apex-trader-funding"> Heres how you can get in on the profit.</a></li>
</ul>
<h2 class="wp-block-heading">A Country In Crisis</h2>
Few countries have been hit harder economically than Egypt over the last few years. Series after series of adverse shocks have influenced Egypt's economy, like the COVID-19 pandemic, war in Ukraine and war in Gaza. But in reality, Egypt's problems go back much further, as foreign investment in the country has been dragging for nearly a decade, and high inflation already was ravaging the currency.
Expanding deficits, domestic mismanagement and external events like the war in Gaza came together to hammer the Egyptian economy. Headline inflation rose to 38% in the country in September, and it is estimated that <a href="https://www.reuters.com/world/africa/how-big-are-egypts-economic-challenges-2024-03-06/">nearly 60% of Egyptian citizens</a> now live at or below the poverty line.
Facing severe and overwhelming economic trouble, the Central Bank of Egypt was forced to act with authority. On March 6, the central bank unexpectedly ballooned its key interest rate by <a href="https://m.economictimes.com/news/international/business/egypt-raises-rates-by-600-bps-to-record-levels-currency-loses-a-third-of-its-value-within-minutes/amp_articleshow/108266171.cms">600 basis points</a> (or 6%), which sent the Egyptian pound plummeting in minutes. But this move wasn't unexpected to everyone in the markets. Choppara had been keeping an eye on Egyptian currency for a while, waiting for a chance to pounce.
<h2 class="wp-block-heading">Executing The Trade</h2>
Choppara joined Millennium Management in 2023 after a multiyear stint at Goldman Sachs <a href="https://www.benzinga.com/money/best-forex-trading-software">trading forex</a> and emerging markets. Noticing the crisis brewing in Egypt, Choppara used his expertise in currency trading to make a wager against the Egyptian pound, believing that the central bank would have no choice but to devalue it to avoid economic collapse.&nbsp;
To build his position against the Egyptian pound, Choppara used non-deliverable forwards (NDFs), a <a href="https://www.benzinga.com/money/best-futures-to-trade">type of futures contract</a>. An NDF allows a trader to bet on the price of a currency or commodity without taking delivery of the asset, which is helpful for companies that operate in different countries and must protect against currency risk. Using NDFs, Choppara wagered that the price of the Egyptian pound would decrease against the U.S. dollar, allowing Choppara to profit from the difference in the contract price and the spot price should the pound fall.
The pound was instantly diminished when the Central Bank of Egypt announced its surprise 600-point rate hike. The currency dropped 38% rapidly, and Choppara's position exploded in value. At the close of the trade, Choppara had <a href="https://www.hedgeweek.com/millennium-made-40m-profit-from-egypt-fx-bet/">earned $40 million</a> for Millennium Management and pocketed an $8 million bonus for his efforts.
Are you a futures trader with a keen geopolitical eye? While you likely won't earn yourself an $8 million bonus, you can test your mettle against other traders using prop trading challenges like the virtual account offered by <a href="https://apextraderfunding.com/member/aff/go/benzinga?c=BENZINGA">Apex Trader</a>. You can trade 23 hours per day during your evaluation period, which is currently 80% off through the rest of the month.
Read Next:
<ul>
<li>This prop trading firm allows futures traders to keep 90% of profit per account.<a href="https://www.benzinga.com/money/apex-trader-funding"> Find out how you can get in on the action.</a>&nbsp;</li>
<li>Find out how you can leverage up to $4,000,000 in capital with this prop trading firm &#8211; <a href="https://www.benzinga.com/money/the-5ers">learn how.&nbsp;</a></li>
</ul>

Currency Crash: How Millennium Management Made $40 Million Betting Against the Egyptian Pound

WIIM

BHVN

Biohaven shares are trading lower after the company on Thursday priced a 5.609 million share offering at $41 per share.

TD Cowen analyst Andrew Sherman maintains Dynatrace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>) with a Buy and lowers the price target from $62 to $58.

TD Cowen Maintains Buy on Dynatrace, Lowers Price Target to $58

U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining over 200 points on Friday.
The Dow traded up 0.55% to 37,984.19 while the NASDAQ fell 1.58% to 15,354.63. The S&amp;P 500 also fell, dropping, 0.60% to 4,980.82.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
Check This Out: <a href="https://www.benzinga.com/24/04/38333549/jim-cramer-is-willing-to-let-this-pharma-stock-catch-fire-advises-not-to-sell-mckesson">Jim Cramer Is &#8216;Willing To Let This Pharma Stock Catch Fire,&#8217; Advises Not To Sell McKesson</a>
Leading and Lagging Sectors
Utilities shares climbed by 1.4% on Friday.
In trading on Friday, information technology shares fell by 2.1%.
Top Headline The total number of active U.S. oil rigs climbed by 5 to 511 rigs this week, Baker Hughes Inc reported.
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;
Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) shares shot up 24% to $0.3001 after the company announced that it received an investment of $44 million to date from Ault &amp; Company under the November 2023 Securities Purchase Agreement.
Shares of Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) got a boost, surging 18% to $39.00 after the company reported better-than-expected first-quarter financial results.
Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares were also up, gaining 13% to $12.35 following reports suggesting Sony is in talks with Apollo to join a bid for the company.
Equities Trading DOWN
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares dropped 20% to $744.30. The company announced its third-quarter earnings date and did not provide preliminary estimates as it did with the second quarter<a>.</a>
Shares of Netflix, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) were down 8% to $559.93. Netflix reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.
O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) was down, falling 6% to $14.56. B of A Securities analyst George Staphos downgraded O-I Glass from Buy to Neutral and lowered the price target from $21 to $16.
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38332596/meta-platforms-pure-storage-and-2-other-stocks-insiders-are-selling">Meta Platforms, Pure Storage And 2 Other Stocks Insiders Are Selling </a>
Commodities In commodity news, oil traded up 0.6% to $83.22 while gold traded up 0.5% at $2,408.70.
Silver traded up 1.4% to $28.765 on Friday, while copper rose 1.4% to $4.4965.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 declined 0.08%, London's FTSE 100 rose 0.24% while Spain's IBEX 35 Index declined 0.33% The German DAX fell 0.56% French CAC 40 fell 0.01% while Italy's FTSE MIB Index rose 0.12%.
Spain&#8217;s trade gap narrowed to EUR 2.4 billion in February from EUR 2.5 billion in the year-ago month, while Spain&#8217;s consumer confidence indicator climbed to 82.5 in March from 78.5 in February.
Producer prices in Germany fell by 2.9% year-over-year in March compared to a 4.1% decline in the prior month, while retail sales volumes in the UK came in flat for March.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 dipping 2.66%, Hong Kong's Hang Seng Index falling 0.99%, China's Shanghai Composite falling 0.29% and India's S&amp;P BSE Sensex gaining 0.83%.
Foreign direct investment into China declined by 26.1% year-over-year to CNY 301.67 billion in the first quarter. The business confidence indicator in Hong Kong rose to +2 in the second quarter of from +1 in the prior three-month period. The core consumer price index in Japan increased 2.6% year-over-year in March from 2.8% in February.
Economics
The total number of active U.S. oil rigs climbed by 5 to 511 rigs this week, Baker Hughes Inc reported.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333390/how-to-earn-500-a-month-from-innovative-industrial-properties-stock">How To Earn $500 A Month From Innovative Industrial Properties Stock</a>

Eurozone

AULT

Crude Oil Moves Higher; Paramount Global Shares Surge

D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) has outperformed the market over the past 10 years by 9.75% on an annualized basis producing an average annual return of 19.96%. Currently, D.R. Horton has a market capitalization of $47.12 billion. 
Buying $100 In DHI: If an investor had bought $100 of DHI stock 10 years ago, it would be worth $668.34 today based on a price of $142.70 for DHI at the time of writing.
<h3>D.R. Horton's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713551492_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In D.R. Horton 10 Years Ago Would Be Worth This Much Today

e.l.f. Beauty shares are trading lower. The stock gained Thursday in sympathy with L'Oreal following its earnings report.

CIBC analyst Mark Jarvi maintains TransAlta (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TA#TSX">TA</a>) with a Outperformer and lowers the price target from C$18.5 to C$16.

TSX:TA

CIBC Maintains Outperformer on TransAlta, Lowers Price Target to C$16

James E. Wagner