Kim Heng (OTC:KNHGF) Stock, Quote.Headers.trade-ideas

Kim Heng Ltd is an integrated offshore and marine value chain service provider. It is engaged in providing services like supply chain management which includes the provision of logistics, general shipping, and crew management, and provision of offshore supply vessels and heavy lift equipment, vessel sales, and newbuild which includes purchase and refurbishment of vessels for onselling, and heavy equipment sale and rental which includes leasing, sale, maintenance, import and export of heavy equipment, and providing equipment and machinery like a crawler, lorry, and mobile cranes. The operating segments are Offshore Rig Services and Supply Chain Management, and Vessel Sales and Newbuilds where offshore rig services contribute the majority of revenue.

Kim Heng Ltd

<p>Pseudonymous crypto trader Master Kenobi believes that <strong>Dogecoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) will continue to outperform <strong>Bitcoin </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in <a href="https://www.benzinga.com/money/bitcoin-price-prediction">the current market cycle</a>.</p>
<p><strong>What Happened:</strong> In a detailed social media <a href="https://x.com/btc_MasterPlan/status/1836160753310556524">post</a>, Kenobi noted that despite Dogecoin&#8217;s initial creation as a joke, it has managed to gain significant attention and popularity in the crypto community.</p>
<p>He stated that Dogecoin has become a "constant presence" in the crypto industry, with some investors viewing it as an unconventional opportunity to protect their wealth. He also highlighted that Dogecoin is one of the few cryptocurrencies that is not led by a central entity or development team.</p>
<p>Kenobi further drew parallels between Dogecoin's current market capitalization and Bitcoin's in 2017, suggesting that Dogecoin could reach a capitalization of $320 billion or more in 2025.</p>
<p><strong>Price Action:</strong> In the past 24 hours, DOGE is trading 0.6% lower at $0.10. IntoTheBlock data shows large transaction volume increased by 1.9%, while daily active addresses grew by 26%. Exchanges netflows declined by 400%.</p>
<p><figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure></p>
<p><strong>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40903317/dogecoin-flat-for-a-month-despite-elon-musks-shoutouts-what-is-going-on">Dogecoin Flat For A Month Despite Elon Musk&#8217;s Shoutouts: What Is Going On?</a></strong></p>
<p><strong>Why It Matters:</strong> Kenobi&#8217;s analysis is based on the premise that Dogecoin has been able to leverage Bitcoin&#8217;s trajectory, benefiting from the groundwork laid by the pioneer cryptocurrency. He argues that this &#8220;follower&#8221; effect has allowed Dogecoin to grow more quickly and outperform Bitcoin in every market cycle over the past decade.</p>
<p>According to Kenobi, Dogecoin&#8217;s community has never been disappointed as the coin has become more solid and resilient with each cycle, further strengthening its reputation and potential for growth.</p>
<p>In conclusion, Kenobi believes that Dogecoin will continue to leverage these advantages in the future, remaining one of the cryptocurrencies capable of surprising with superior performance.</p>
<p><strong>What&#8217;s Next</strong>: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&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.</p>
<p><strong>Read Next:&nbsp;</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40829667/dogecoin-up-4-7-benefits-from-another-doge-tweet-by-elon-musk">Dogecoin Up 4.7%, Benefits From Another &#8216;DOGE&#8217; Tweet By Elon Musk</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


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

Cryptocurrency

News

$BTC

$DOGE

Dogecoin Will Outperform Bitcoin In 2025, Vows Trader: Here's What The 'Follower Effect' Means

<p>UBS  analyst Josh Silverstein   maintains Southwestern Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWN#NYSE">SWN</a>) with a Neutral and lowers the price target from $7.5 to $7.</p>


Price Target

Analyst Ratings

UBS Maintains Neutral on Southwestern Energy, Lowers Price Target to $7

<p>&#8220;The time has come for policy to adjust.&#8221; With these simple words, Federal Reserve Chair<strong> Jerome Powell </strong>signaled at the Jackson Hole conference last month that interest rates are likely to be cut <a href="https://www.benzinga.com/topic/interest-rates">at the Fed&#8217;s September meeting.</a></p>
<p>As the Federal Open Market Committee decision at 2 p.m. ET Wednesday approaches, here&#8217;s what investors need to know:</p>
<h3 class="wp-block-heading">1. <strong>Interest Rates Are Set To Be Cut</strong></h3>
<p>It&#8217;s almost certain the Federal Reserve will cut the fed funds rate from the current 5.25%-5.5% level.</p>
<p>This would mark the first rate cut since March 2020, when the central bank slashed rates in response to the pandemic-induced recession.</p>
<p><strong>Also Read: <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">From &#8216;Too Hot&#8217; To &#8216;Time Has Come&#8217;: 10 Moments Powell Shed Light On Inflation</a></strong></p>
<h3 class="wp-block-heading">2. <strong>The Size Of The Cut Remains Uncertain</strong></h3>
<p>Unusually, there is still no consensus on the size of the upcoming rate cut. According to the latest market-implied odds, investors are pricing in a 50-basis-point rate cut with a 59% probability. </p>
<p>The remaining odds suggest a smaller 25-basis-point move. </p>
<p>Historically, the Fed has started a rate-cutting cycle with a 50-basis-point reduction.</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>Potential Rate Cut Size</th>
<th>Probability</th>
</tr>
</thead>
<tbody>
<tr>
<td>50 basis points</td>
<td>59%</td>
</tr>
<tr>
<td>25 basis points</td>
<td>41%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Data: CME FedWatch as of Sept. 18, 2024 9:15 ET</em></figcaption></p></figure></p>
<h3 class="wp-block-heading">3. <strong>Wall Street Analysts Predict 0.25% Cut</strong></h3>
<p>An overwhelming majority of Wall Street analysts expect the Federal Reserve to cut rates by 0.25 percentage points. </p>
<p>Their rationale is that the economy remains resilient and does not require a significant rate cut, especially with inflation still above target. </p>
<p>Additionally, a larger 50-basis-point cut could be seen as politically charged, as this meeting is the last before the November presidential election. </p>
<h3 class="wp-block-heading">4. <strong>All Eyes On Dot Plot</strong></h3>
<p>Alongside the rate decision, the Fed will release its updated Summary of Economic Projections, covering growth, inflation and the expected path of the Fed funds rate.</p>
<p>The &#8220;&#8216;dot plot,&#8221; which maps out FOMC members&#8217; expectations for future rate moves, will be closely watched. In June, the average dot indicated only one rate cut by the end of this year, followed by 100 basis points of cuts in both 2025 and 2026.</p>
<p>Market participants now anticipate a more aggressive forecast for rate reductions.</p>
<h3 class="wp-block-heading">5. <strong>Let Powell Speak</strong></h3>
<p>The rate decision and the economic projections will be unveiled at 2 p.m. ET, but traders will be glued to Chair <strong>Jerome</strong> <strong>Powell</strong>&#8216;s press conference starting at 2:30 p.m. ET.</p>
<p>Powell will likely face tough questions regarding the rationale behind the day&#8217;s decision and the Fed&#8217;s approach to the upcoming rate-cutting cycle.</p>
<p>Read Next: </p>
<ul>
<li><strong><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40918078/is-the-fed-playing-with-fire-we-see-greater-risk-of-an-overheating-economy-as-they-">Is The Fed Playing With Fire? &#8216;We See Greater Risk Of An Overheating Economy&#8217; As They Cut Rates, Veteran Investor Warns</a></strong></li>
</ul>
<p><em>Photo via Shutterstock. </em></p>


Analyst Color

Macro Economic Events

Previews

Econ #s

Economics

Federal Reserve

Markets

Fed Decision Is Here: 5 Things Investors Need To Know Ahead Of Wednesday's Pivotal Interest Call

Trading Ideas

LODE

Comstock Shares Halted Pending News

<p><a href="https://x.com/MarioNawfal/status/1836417767454441653" title="https://x.com/MarioNawfal/status/1836417767454441653">https://x.com/MarioNawfal/status/1836417767454441653</a></p>


Politics

General

UPDATE: 'Nassau Police responded to a suspicious event near Trump's Long Island rally site. Despite online reports, no explosives were discovered.' -Reporter On X

Stock Split

SIFY

Sify Technologies Announces ADS Ratio Change to 1 ADS Representing 6 Equity Shares, Effective October 4, 2024

AMZN

Amazon Says Increasing Average Total Compensation Package For Fulfillment & Transportation Employees In The US to Over $29/hour

<p>UBS  analyst Amy Wong   maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Buy and lowers the price target from $63 to $57.</p>


UBS Maintains Buy on Schlumberger, Lowers Price Target to $57

<p>On Wednesday, <strong>Applied Therapeutics, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) stock traded higher with a session volume of 31.75 million, compared to an average volume of 1.26 million, according to data from <a target="_blank" href="https://www.benzinga.com/pro/feature/newsfeed" rel="noreferrer noopener">Benzinga Pro</a>.</p>
<p>The company announced an update on the ongoing New Drug Application (NDA) review of govorestat<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40915865/applied-therapeutics-provides-regulatory-update-on-govorestat-for-the-treatment-of-classic-galacto" rel="noreferrer noopener"> for Classic Galactosemia</a>.</p>
<p>Galactosemia is&nbsp;an inherited metabolic disorder&nbsp;that makes the body unable to process a sugar called galactose.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/02/37166945/why-is-rare-disease-focused-applied-therapeutics-stock-trading-higher-today" rel="noreferrer noopener">Why Is Rare Disease-Focused Applied Therapeutics Stock Trading Higher Today?</a></strong></p>
<p>The company recently completed its late-cycle review meeting with the FDA, and the agency communicated that an Advisory Committee meeting, previously tentatively scheduled for October 9, would no longer be required.</p>
<p>The FDA informed the company that the Priority Review of the NDA is continuing as planned, with alignment on post-marketing requirements expected in October 2024.</p>
<p>The previously announced Prescription Drug User Fee Act (PDUFA) target action date remains on track for November 28.</p>
<p>In April,&nbsp;the FDA extended the review period for&nbsp;Applied Therapeutics' marketing application, seeking approval for its potentially first marketed drug govorestat (AT-007) for&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38027441/fda-presses-delay-button-for-applied-therapeutics-first-potential-marketed-drug-for-rare-disease" rel="noreferrer noopener">Classic Galactosemia, by three months</a>.&nbsp;</p>
<p>William Blair anticipates that Applied Therapeutics will launch govorestat in the galactosemia market in 2025, predicting a successful rollout due to the high unmet medical need, absence of other approved therapies, well-identified patient population, and the strong performance of first-in-class <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40078613/rare-disease-focused-applied-therapeutics-lead-candidate-govorestat-has-blockbuster" rel="noreferrer noopener">rare disease products</a>.</p>
<p>The analyst estimates 2030 sales of govorestat to exceed $1 billion with 70% peak penetration in the galactosemia market.</p>
<p><strong>Price Action: </strong>At last check on Wednesday, APLT stock was up 71.40% at $7.97.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/09/40917491/general-mills-faces-q1-mixed-results-earnings-win-sales-drop-and-big-bets-on-2025-rebound" target="_blank" rel="noreferrer noopener">General Mills Faces Mixed Q1 Results: Earnings Win, Sales Drop, And Big Bets On 2025 Rebound</a>.</strong></li>
</ul>


Biotech

Health Care

Movers

APLT

Applied Therapeutics Stock Soars As FDA Scraps Panel Meeting For Its Inherited Metabolic Disorder Drug

<p><a href="https://press.aboutamazon.com/2024/9/buy-with-prime-and-amazon-multi-channel-fulfillment-expand-with-new-capabilities-and-more-brands" title="https://press.aboutamazon.com/2024/9/buy-with-prime-and-amazon-multi-channel-fulfillment-expand-with-new-capabilities-and-more-brands">https://press.aboutamazon.com/2024/9/buy-with-prime-and-amazon-multi-channel-fulfillment-expand-with-new-capabilities-and-more-brands</a></p>


PYPL

Amazon Adds PayPal To Check Out On 'Participating Merchants' Websites'

Market Summary

Benzinga Market Summary: Fed To Announce Rate Decision At 2 p.m. ET, August Building Permits And Housing Starts Beat Estimates

<p>UBS  analyst Josh Silverstein   maintains Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) with a Sell and lowers the price target from $30 to $27.</p>


UBS Maintains Sell on Range Resources, Lowers Price Target to $27

<p>UBS  analyst Josh Silverstein   maintains Permian Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PR#NYSE">PR</a>) with a Buy and lowers the price target from $19 to $18.</p>


UBS Maintains Buy on Permian Resources, Lowers Price Target to $18

<p>Deep-pocketed investors have adopted a bearish approach towards GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</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 GE usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for GE Aero. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 28% leaning bullish and 35% bearish. Among these notable options, 5 are puts, totaling $255,390, and 9 are calls, amounting to $1,011,173.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $260.0 for GE Aero during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GE Aero'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 GE Aero's whale trades within a strike price range from $160.0 to $260.0 in the last 30 days. </p>
<h3>GE Aero Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726670927_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$39.5</td>
<td>$38.0</td>
<td>$38.35</td>
<td>$165.00</td>
<td>$717.1K</td>
<td style="text-align: right;">261</td>
<td style="text-align: right;">187</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$20.15</td>
<td>$18.95</td>
<td>$18.95</td>
<td>$180.00</td>
<td>$75.8K</td>
<td style="text-align: right;">125</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$34.3</td>
<td>$33.95</td>
<td>$34.3</td>
<td>$160.00</td>
<td>$58.3K</td>
<td style="text-align: right;">587</td>
<td style="text-align: right;">17</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$10.8</td>
<td>$10.6</td>
<td>$10.7</td>
<td>$185.00</td>
<td>$50.2K</td>
<td style="text-align: right;">109</td>
<td style="text-align: right;">94</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.8</td>
<td>$10.15</td>
<td>$10.85</td>
<td>$185.00</td>
<td>$49.9K</td>
<td style="text-align: right;">109</td>
<td style="text-align: right;">47</td>
</tr>
</tbody>
</table>
</p>
<h3>About GE Aero</h3>
<p>GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.</p>
<p>Following our analysis of the options activities associated with GE Aero, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of GE Aero</h3>
<ul>
<li>With a volume of 759,178, the price of GE is up 0.61% at $181.43. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 34 days.</li>
</ul>
<h3>What The Experts Say On GE Aero</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $201.0.</p>
<ul>
<li>Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $201.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GE Aero options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Check Out What Whales Are Doing With GE Aero

<p>Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) revealed 14 unusual trades.</p>
<p>Delving into the details, we found 35% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $693,191, and 9 were calls, valued at $460,528.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $720.0 for MongoDB over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 206.82 with a total volume of 4,093.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $230.0 to $720.0 over the last 30 days.</p>
<h3>MongoDB 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726670921_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$3.0</td>
<td>$2.06</td>
<td>$2.45</td>
<td>$235.00</td>
<td>$551.2K</td>
<td style="text-align: right;">0</td>
<td>2.2K</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.6</td>
<td>$6.45</td>
<td>$6.6</td>
<td>$720.00</td>
<td>$83.1K</td>
<td style="text-align: right;">73</td>
<td>256</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.5</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$670.00</td>
<td>$74.5K</td>
<td style="text-align: right;">277</td>
<td>414</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.45</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$670.00</td>
<td>$63.6K</td>
<td style="text-align: right;">277</td>
<td>255</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.3</td>
<td>$7.5</td>
<td>$7.5</td>
<td>$670.00</td>
<td>$59.4K</td>
<td style="text-align: right;">277</td>
<td>12</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>Having examined the options trading patterns of MongoDB, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of MongoDB</h3>
<ul>
<li>With a trading volume of 110,295, the price of MDB is down by -1.59%, reaching $282.24.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 76 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for MongoDB</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $335.0.</p>
<ul>
<li>Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for MongoDB, targeting a price of $330. </li>
<li>An analyst from Truist Securities has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $320. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on MongoDB, maintaining a target price of $335. </li>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on MongoDB with a target price of $350. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for MongoDB, targeting a price of $340. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Market Whales and Their Recent Bets on MDB Options

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Marvell Tech</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MRVL, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Marvell Tech.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 66% bullish and 16%, bearish.</p>
<p>Out of all of the special options we uncovered, 10 are puts, for a total amount of $1,272,670, and 2 are calls, for a total amount of $67,210.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $92.5 for Marvell Tech over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marvell Tech'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 Marvell Tech's whale trades within a strike price range from $55.0 to $92.5 in the last 30 days. </p>
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726670916_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$0.83</td>
<td>$0.57</td>
<td>$0.67</td>
<td>$60.00</td>
<td>$569.5K</td>
<td>5.0K</td>
<td>8.5K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$16.35</td>
<td>$16.3</td>
<td>$16.35</td>
<td>$85.00</td>
<td>$201.1K</td>
<td>160</td>
<td>1</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$14.6</td>
<td>$14.5</td>
<td>$14.5</td>
<td>$85.00</td>
<td>$101.5K</td>
<td>129</td>
<td>111</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.15</td>
<td>$21.05</td>
<td>$21.05</td>
<td>$92.50</td>
<td>$84.2K</td>
<td>10</td>
<td>40</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.82</td>
<td>$2.76</td>
<td>$2.82</td>
<td>$67.50</td>
<td>$70.2K</td>
<td>1.1K</td>
<td>550</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marvell Tech</h3>
<p>Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.</p>
<p>Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Marvell Tech Standing Right Now?</h3>
<ul>
<li>With a volume of 756,605, the price of MRVL is up 0.42% at $73.08. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $99.6.</p>
<ul>
<li>An analyst from Rosenblatt has decided to maintain their Buy rating on Marvell Tech, which currently sits at a price target of $100. </li>
<li>An analyst from Rosenblatt has decided to maintain their Buy rating on Marvell Tech, which currently sits at a price target of $120. </li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Marvell Tech with a target price of $95. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Marvell Tech, targeting a price of $98. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Marvell Tech, targeting a price of $85. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


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