Medexus Pharma (OTC:MEDXF) Stock, Quote.Headers.trade-ideas

Medexus Pharmaceuticals Inc is a specialty pharmaceutical company with a powerful North American commercial platform and a growing portfolio of inventive and rare disease treatment solutions. The company's focus is on the therapeutic areas of oncology, hematology, rheumatology, auto-immune diseases, allergy, and dermatology.

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As we approach the end of what has been an extraordinary year, companies and investors alike are turning their attention to 2021—if they haven’t already. 

46 Emerging Technology And Mining Companies Giving 2020 Investor Recaps This Month

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WIIM

AquaBounty Technologies shares are trading lower after the company announced it will wind down its hatchery operations in Bay Fortune.

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) from Neutral to Sell and lowered the <a target="_blank" href="https://www.benzinga.com/quote/ETWO/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$3.5&nbsp;to&nbsp;$2.9</a>. The stock fell.
Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company&#8217;s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months.
As a business that has historically relied on acquired assets to support growth, E2open Parent&#8217;s elevated leverage in a high-interest rate environment is limiting the company&#8217;s ability to pay down debt to meet its leverage targets.
This cycle further limits the company&#8217;s ability to invest in growth initiatives (including acquisitions).
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42436800/stmicroelectronics-and-qualcomm-launch-new-iot-module-to-simplify-wireless-connectivity" rel="noreferrer noopener">STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity</a>
In addition, with the company roughly doubling in size through acquired assets over the last 4 years, the amount of new ARR required to accelerate growth materially has subsequently doubled, driving an increased burden on cross-selling (particularly in an environment where new logo acquisition has slowed) to reaccelerate growth.
Absent further acquisitions and with further maturation of E2open Parent&#8217;s organic sales structure needed, Hotchkiss sought more clarity on the company&#8217;s ability to reaccelerate growth beyond low single digits over the near-to-medium term.
E2open Parent&#8217;s valuation is undemanding, but Hotchkiss noted that a rerating higher is unlikely absent an improvement in fundamentals, particularly given the multiple trough levels seen from peer-challenged growth software comps like Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and SolarWinds Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>).
While Hotchkiss agreed with management&#8217;s stated goals to pay down debt and focus on organic growth, he awaited evidence of progress toward these goals in a time of slowing organic growth relative to peers before considering turning more positive on E2open Parent stock.
With four consecutive quarters of declines in subscription revenue growth and lowered fiscal 2025 guidance, Hotchkiss noted it is prudent to be incrementally cautious around shares of E2open Parent despite the company trading near trough levels.
E2open Parents rapid conglomeration of assets and associated teams over the years has significantly increased the level of net new ARR needed to match historical growth levels on an organic basis, and meeting these levels of net new ARR at a time when larger transformation projects are increasingly being deferred (creating pressure on new logo growth) will likely remain a challenge for the company over at least the next 12-months.
Hotchkiss projected third-quarter revenue of $151.7 million and adjusted EPS of $0.04.
Price Action: ETWO stock is down 3.51% at $3.02 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42439924/match-group-under-pressure-to-deliver-strategy-for-tinders-struggles-and-hinge-growth-at-investor-meeting" target="_blank" rel="noreferrer noopener">Match Group Faces Investor Scrutiny Over Tinder Woes, Hinge Expansion Plans</a></li>
</ul>

Downgrades

Price Target

Analyst Ratings

Trading Ideas

ETWO

E2open Faces Organic Growth Challenges, Debt Overhang: Goldman Sachs Downgrades Stock

MYRG

MYR Group shares are trading higher after Stifel maintained a Buy rating on the stock and raised its price target from $153 to $172.

Alaska Air Group shares are trading higher after Morgan Stanley raised its price target on the stock from $70 to $90 while JP Morgan raised its price target from $58 to $85.

NFLX

Netflix shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $850 to $1,010.

DBGI

Digital Brands Group shares are trading lower after the company announced a 1-for-50 reverse stock split.

LSCC

Lattice Semiconductor shares are trading higher after multiple firms raised their respective price targets on the stock,

Wells Fargo analyst Edward Kelly maintains Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) with a Equal-Weight and raises the price target from $95 to $105.

OLLI

Wells Fargo Maintains Equal-Weight on Ollie's Bargain Outlet, Raises Price Target to $105

Financial giants have made a conspicuous bullish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $171,600, and 11 were calls, valued at $792,481.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $450.0 for Palo Alto Networks over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Palo Alto Networks'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 Palo Alto Networks's whale activity within a strike price range from $200.0 to $450.0 in the last 30 days. 
<h3>Palo Alto Networks Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733946424_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$23.75</td>
<td>$22.7</td>
<td>$23.71</td>
<td>$400.00</td>
<td>$231.8K</td>
<td align="right">524</td>
<td align="right">100</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$12.75</td>
<td>$12.4</td>
<td>$12.75</td>
<td>$450.00</td>
<td>$126.2K</td>
<td align="right">501</td>
<td align="right">100</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$20.55</td>
<td>$19.55</td>
<td>$20.48</td>
<td>$420.00</td>
<td>$102.4K</td>
<td align="right">276</td>
<td align="right">58</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$30.75</td>
<td>$30.4</td>
<td>$30.72</td>
<td>$400.00</td>
<td>$82.9K</td>
<td align="right">417</td>
<td align="right">84</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$15.5</td>
<td>$14.85</td>
<td>$15.5</td>
<td>$400.00</td>
<td>$69.7K</td>
<td align="right">48</td>
<td align="right">49</td>
</tr>
</tbody>
</table>

<h3>About Palo Alto Networks</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
<h3>Palo Alto Networks's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 955,126, the PANW's price is up by 2.15%, now at $398.13. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 69 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Palo Alto Networks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

PANW

A Closer Look at Palo Alto Networks's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish stance on Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with HSY, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Hershey.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 27%, bearish.
Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,772,357, and 3 are calls, for a total amount of $147,125.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $200.0 for Hershey, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</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 Hershey'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 Hershey's whale trades within a strike price range from $160.0 to $200.0 in the last 30 days. 
<h3>Hershey Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733946419_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HSY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.3</td>
<td>$15.0</td>
<td>$15.1</td>
<td>$195.00</td>
<td>$453.0K</td>
<td>1.5K</td>
<td align="right">381</td>
</tr>
<tr>
<td>HSY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.4</td>
<td>$15.3</td>
<td>$15.3</td>
<td>$190.00</td>
<td>$267.7K</td>
<td>1.8K</td>
<td align="right">523</td>
</tr>
<tr>
<td>HSY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.0</td>
<td>$15.0</td>
<td>$16.0</td>
<td>$190.00</td>
<td>$181.8K</td>
<td>1.8K</td>
<td align="right">190</td>
</tr>
<tr>
<td>HSY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.6</td>
<td>$15.3</td>
<td>$15.3</td>
<td>$190.00</td>
<td>$100.9K</td>
<td>1.8K</td>
<td align="right">348</td>
</tr>
<tr>
<td>HSY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.5</td>
<td>$14.4</td>
<td>$14.8</td>
<td>$195.00</td>
<td>$87.3K</td>
<td>1.5K</td>
<td align="right">479</td>
</tr>
</tbody>
</table>

<h3>About Hershey</h3>
Hershey is a leading us confectionery manufacturer (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
In light of the recent options history for Hershey, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Hershey</h3>
<ul>
<li>With a trading volume of 4,294,436, the price of HSY is down by -4.51%, reaching $178.75.</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 57 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Hershey</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $186.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $183. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Hershey with a target price of $180. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Hershey with a target price of $195. 
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 Hershey options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Hershey Unusual Options Activity For December 11

Deep-pocketed investors have adopted a bullish approach towards Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</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 ACHR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Archer Aviation. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $99,130, and 9 are calls, amounting to $400,435.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $10.0 for Archer Aviation over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Archer Aviation'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 Archer Aviation's whale activity within a strike price range from $5.0 to $10.0 in the last 30 days. 
<h3>Archer Aviation Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733946414_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACHR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.3</td>
<td>$0.25</td>
<td>$0.25</td>
<td>$6.50</td>
<td>$62.5K</td>
<td>4.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.9</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$5.00</td>
<td>$55.5K</td>
<td>19.6K</td>
<td>322</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.9</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$5.00</td>
<td>$55.5K</td>
<td>19.6K</td>
<td>171</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$1.85</td>
<td>$1.65</td>
<td>$1.75</td>
<td>$8.00</td>
<td>$51.8K</td>
<td>6.8K</td>
<td>36</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$2.6</td>
<td>$2.45</td>
<td>$2.55</td>
<td>$7.00</td>
<td>$50.9K</td>
<td>2.5K</td>
<td>234</td>
</tr>
</tbody>
</table>

<h3>About Archer Aviation</h3>
Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.
Having examined the options trading patterns of Archer Aviation, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Archer Aviation</h3>
<ul>
<li>Currently trading with a volume of 15,585,288, the ACHR's price is down by -2.2%, now at $7.55. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 75 days.</li>
</ul>
<h3>Expert Opinions on Archer Aviation</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $11.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $11. 
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 Archer Aviation with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ACHR

Behind the Scenes of Archer Aviation's Latest Options Trends

Energy Vault Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares are moving higher on Wednesday after the company announced a partnership with RackScale Data Centers. The aim of the partnership is to facilitate the delivery of 2GW of power to data center sites developed by RackScale by utilizing Energy Vault&#8217;s proprietary B-Nest hyperscale <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42443202/2025-investment-themes-ai-energy-defense-redefine-us-markets">battery energy storage system.</a>
The B-Nest is multi-level structure designed to house batteries for onsite energy storage and its capable of storing up to 1.6GWh of energy per acre. The companies plan to begin construction at data center sites in 2026.
&#8220;With the rapid increase in power demand from the rise of the data center sector, it is absolutely essential that renewable energy generation and storage become key points of focus to power the AI data center boom,&#8221; said Marco Terruzzin, Chief Commercial and Product Officer, Energy Vault.
Goldman Sachs Research projects a 160% increase in data center power demand by 2030, largely driven by artificial intelligence. Data centers currently consume 1-2% of global power, with this share anticipated to exceed 4% by the decade&#8217;s end.
Related Link: <a href="https://www.benzinga.com/news/contracts/24/12/42443334/schlumberger-lands-petrobras-contract-to-build-100-wells-details">Schlumberger Lands Petrobras Contract To Build 100+ Wells: Details</a>
NRGV Price Action: At the time of writing, Energy Vault stock is trading 18.8% higher at $1.96, per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo from Shutterstock

Movers

NRGV

What's Going On With Energy Vault Stock Wednesday?

LAES

SEALSSQ shares are trading higher. The company on Tuesday announced a partnership with IC'ALPS to accelerate ASIC development.

Wells Fargo analyst Zachary Fadem maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Overweight and raises the price target from $3450 to $3750.

Wells Fargo Maintains Overweight on AutoZone, Raises Price Target to $3750

SKIL

Skillsoft shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY25 revenue guidance above estimates.

ANAB

AnaptysBio shares are trading lower after the company announced it will discontinue its ANB023 development after its Phase 2b trial in atopic dermatitis failed to meet its endpoints. Also, HC Wainwright & Co. downgraded the stock from Buy to Neutral.

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) stock is moving lower on Wednesday. The Hershey Trust Co., holding 80% of the voting power in Hershey, turned down a <a href="https://www.benzinga.com/news/24/12/42398159/whats-going-on-with-hershey-stock-monday">preliminary bid</a> from Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>).
The Details: The Hershey Trust rejected the bid, citing that the offer was too low, according to <a href="https://www.bloomberg.com/news/articles/2024-12-11/hershey-s-main-owner-said-to-reject-mondelez-s-offer-as-too-low?sref=TBDibEcD&amp;embedded-checkout=true">Bloomberg</a>. In 2016, the two companies attempted to reach an acquisition agreement, but talks stalled after Hershey turned down a $23 billion bid.
 If the companies reach an agreement, the acquisition could create a food conglomerate with a combined revenue of about $50 billion.
What Else: Today, Mondelez <a href="https://www.benzinga.com/24/12/42439792/mondelez-shares-surge-on-unveiling-9-billion-share-repurchase-program">announced</a> a $9 billion share repurchase program. The share repurchase authorization will begin Jan. 2025 and last through Dec. 2027. 
This new authorization will take the place of the existing $6 billion program, which has about $2.8 billion remaining and is set to expire at the end of 2025.
In the press release announcing the new repurchase program, Mondelez stated it, &#8220;remains committed to its key capital allocation priorities, which include reinvesting in brands and capabilities, returning capital to shareholders through share repurchases and dividends, and M&amp;A.&#8221;
It then stated, &#8220;Given current market conditions, share repurchase remains an opportunity and key priority. The company remains committed to an acquisition strategy that is focused on bolt-on assets similar to recent acquisitions of Chipita, Clif and Ricolino.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/12/42441647/whats-going-on-with-trade-desk-ttd-stock">What&#8217;s Going On With Trade Desk (TTD) Stock?</a>
HSY Price Action: At the time of writing, Hershey stock is trading 6.52% lower at $174.98, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image by Melissa from Pixabay

MDLZ

What's Going On With Hershey Shares Wednesday?

Ripple&#8216;s native token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has skyrocketed 20% over the last 24 hours, trading at $2.43, significantly outpacing Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 5% rise to $100,500. 
The rally comes after Ripple Labs secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin on Tuesday, marking a pivotal step in Ripple's expansion <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42423570/ripple-secures-nydfs-approval-for-rlusd-stablecoin-xrp-price-up-9">into the burgeoning stablecoin market.</a>
What Happened: Ripple's RLUSD, pegged to the U.S. dollar, has been heralded as a game-changer for the company, with CEO Brad Garlinghouse confirming the approval on X (formerly Twitter).
"When RLUSD is live, you'll hear it from Ripple first," he said, indicating that exchange and partner listings for the stablecoin are imminent.
The NYDFS approval ensures RLUSD complies with stringent regulatory standards, enabling Ripple to operate within New York's robust financial ecosystem. 
The stablecoin has already undergone testing on the XRP Ledger and Ethereum blockchain, setting the stage for its launch.
The approval is not just a victory for Ripple but a catalyst for optimism in the cryptocurrency market, with XRP's performance outshining other major altcoins. 
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 6%, trading at $3,798, while Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) climbed 9% and 8% respectively. 
Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) also surged 15%, reflecting broader market enthusiasm.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42444623/trump-admins-crypto-push-revives-industry-hopes-for-banking-access">Trump Admin&#8217;s Crypto Push Revives Industry Hopes For Banking Access</a>
Why It Matters: The bullish sentiment surrounding XRP has reignited debates within the crypto community.
Popular trader DonAlt <a href="https://x.com/CryptoDonAlt/status/1866489531442106736">tweeted</a>, "I&#8217;ve got this weird feeling that IF the bull market continues for a couple more months, XRP is gonna dominate the discourse."
He attributed XRP's potential dominance to its centralized structure, allowing it to move quickly in the evolving regulatory and market landscape.
DonAlt also commented on the shift in the crypto community's attitude toward centralization, <a href="https://x.com/CryptoDonAlt/status/1865547799359578412">stating</a>, "Nowadays no one gives a [care] about how centralized a chain is as long as it&#8217;s fast." 
His remarks highlight a broader trend of pragmatism among investors who prioritize functionality over ideological purity.
Ripple's RLUSD stablecoin aims to capitalize on the projected $2 trillion stablecoin market by 2028, positioning itself as a key player in the sector. 
The stablecoin forms part of Ripple's broader strategy to enhance its ecosystem and provide liquidity for decentralized finance (DeFi) applications.
The NYDFS approval is seen as a major endorsement, paving the way for Ripple to integrate RLUSD into its existing infrastructure and attract institutional adoption. 
Analysts view the stablecoin as a critical component in boosting XRP's utility and cementing Ripple's role in the <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">evolving crypto landscape.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42439814/morpheus-launches-20-million-in-rewards-for-ai-compute-providers">Morpheus Launches $20 Million In Rewards For AI Compute Providers</a></li>
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Image: Shutterstock

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$SHIB

$SOL

$XRP

XRP Price Explodes 20% To $2.43 After Ripple Receives RLUSD Stablecoin Approval

Hershey shares are trading lower on reports indicating Hershey Trust turned down Mondelez's offer.

Montrose Environmental Group shares are trading lower after Stifel cut its price target on the stock from $41 to $38.

Medexus Pharmaceuticals reports Q3 results

Medexus Pharmaceuticals Inc. (MEDXF) Q3 2024 Earnings Call Transcript

These Healthcare stocks are trading higher:-Foghorn Therapeutics Inc. (FHTX) stock is trading at $4.76, an increase of $1.64, or 52.56%, on high volume.  Foghorn Therapeutics Inc gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $14.

Healthcare Stocks on the Move Thursday: FHTX, HCTI, OSCR, OGEN, TENX, MEDXF, UPC, GNPX

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