MMTEC Stock (NASDAQ:MTC), Trade Ideas

MMTEC

MMTEC Inc provides Internet-based technology services and solutions to the Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. It offers complete suite trading solutions, including services such as fund establishment, issuance, custody, transaction, and settlement. The Company currently has two operating segments, Gujia, MM Future, MMBD Advisory and HC Securities, and MM Global. It generates maximum revenue from the Gujia segment. Gujia segment provides market data services and investor relations management services to customers in China.

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<p>Roth MKM  analyst Scott Searle   maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Buy and raises the price target from $125 to $145.</p>


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Analyst Ratings

Roth MKM Maintains Buy on Impinj, Raises Price Target to $145

<p><em>To gain an edge, this is what you need to know today.</em></p>
<p><img alt="" src="https://thearorareport.com/wp-content/uploads/2024/04/2024-04-25_08h09_40.png" style="height:349px; width:624px" /></p>
<h3><strong>The Power Of Market Mechanics</strong></h3>
<p>Please <a href="https://thearorareport.com/stock-market-chart-analysis-meta-tesla-earnings-meta-mc-04252024">click here </a>for an enlarged&nbsp;chart of <strong>Meta Platforms Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).</p>
<p>Note the following:</p>
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp;The chart of META stock is being used to illustrate the point.</li>
<li>The chart shows a gap down in META on earnings.</li>
<li>The chart shows an island reversal.&nbsp;An island reversal is a negative pattern.</li>
<li>RSI on the chart shows that META is now oversold.</li>
<li>As full disclosure, META is part of The Arora Report&#39;s ZYX Buy Model Portfolio, and long-time&nbsp;members&nbsp;are long META from $49.92. Reference the chart for when the Arora signal was given to hedge or take partial profits right close to the top before the big drop in the stock.</li>
<li>Meta reported excellent earnings, better than the consensus and whisper numbers.&nbsp;Why is META stock down?&nbsp;The popular narrative is that the stock is down due to AI spending and Mark Zuckerberg&rsquo;s comment that AI spending will not produce immediate profits.&nbsp; With the exception of momo gurus who do not do objective analysis, non-momo analysts know that AI spending is not going to produce immediate profits.</li>
<li>Yesterday, <a href="https://www.benzinga.com/markets/24/04/38408710/musk-lifts-sentiment-in-entire-stock-market-by-saying-a-regular-car-is-like-riding-a-horse">we highlighted</a> that <strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) reported terrible numbers, but the stock jumped up on heavy AI spending on the prospect of future returns from AI spending.&nbsp;Please see <a href="https://blog.thearorareport.com/musk-042424/">yesterday&rsquo;s Morning Capsule</a> for details.&nbsp;For your convenience, <a href="https://thearorareport.com/stock-market-chart-analysis-musk-lifts-sentiment-tsla-mc-04242024">click here </a>for an enlarged&nbsp;chart of Tesla that was included in yesterday&rsquo;s Morning Capsule.&nbsp;For the sake of full transparency, this chart has not been changed.</li>
<li><strong>Here is an important learning moment for investors.&nbsp;Why did TSLA stock jump 12% on bad numbers and heavy AI spending?&nbsp; Why did META stock fall 15% on excellent numbers and heavy AI spending? The real answer is Wall Street&rsquo;s positioning.</strong>
<ul>
<li><strong>Going into TSLA earnings, Wall Street&rsquo;s positioning was very negative.&nbsp;</strong></li>
<li><strong>Going into META earnings, Wall Street&rsquo;s positioning was extremely positive.&nbsp;&nbsp;&nbsp;</strong></li>
<li><strong>Positioning often causes contrary moves.&nbsp;If you can fully grasp this one point of Wall Street mechanics, it will make a huge difference in the amount of money you extract out of the markets.&nbsp;Due to their high value, Wall Street professionals keep the secrets of Wall Street mechanics close to their chest. </strong>&nbsp;</li>
</ul>
</li>
<li>Here are three notable earnings impacting the sentiment in the stock market:
<ul>
<li><strong>IBM Common Stock</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) stock had been running up on AI excitement.&nbsp;IBM reported earnings less than the whisper numbers.&nbsp;IBM stock has fallen about 10%. As a full disclosure, The Arora Report&#39;s ZYX Short took a short position in IBM and had a nice profit in a matter of minutes.&nbsp; Partial profits have already been taken.</li>
<li>Construction machinery maker <strong>Caterpillar Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) reported earnings worse than whisper numbers.</li>
<li>Pharmaceutical company <strong>Merck &amp; Co Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrk#NYSE">MRK</a>) reported earnings better than whisper numbers.</li>
</ul>
</li>
<li>Today, there will be an auction of $44B of seven year Treasuries.&nbsp;We will be carefully watching the results.</li>
<li>In contrast to the <a href="https://www.benzinga.com/markets/24/04/38408710/musk-lifts-sentiment-in-entire-stock-market-by-saying-a-regular-car-is-like-riding-a-horse">prior two year auction</a>,&nbsp;yesterday&rsquo;s record auction of $70B of five year Treasuries was poor but not a canary in the coal mine.&nbsp;Here are the details:
<ul>
<li>High yield: 4.659% (When-Issued: 4.655%)</li>
<li>Bid-to-cover: 2.39</li>
<li>Indirect bid: 65.7%</li>
<li>Direct bid: 19.2%</li>
</ul>
</li>
<li>Initial jobless claims came at 207K vs. 217K consensus.</li>
<li>In The Arora Report analysis, the just released Q1 GDP indicates stagflation may be coming.&nbsp;Here are the details:
<ul>
<li>GDP-Adv came at 1.6% vs. 2.4% consensus.</li>
<li>Price index came at 3.1% vs. 3.0% consensus.</li>
<li>Core price index came at 3.7% vs. 3.4% consensus.</li>
</ul>
</li>
</ul>
<h3><strong>Magnificent Seven Money Flows</strong></h3>
<p>In the early trade, money flows are negative in <strong>Apple Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), <strong>Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), <strong>Alphabet Inc Class C</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), META, <strong>Microsoft Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), <strong>NVIDIA Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and TSLA.</p>
<p>In the early trade, money flows are negative in <strong>SPDR S&amp;P 500 ETF Trust</strong> (ARCA:SPY) and <strong>Invesco QQQ Trust Series 1</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).</p>
<h3><strong>Momo Crowd And Smart Money In Stocks</strong></h3>
<p>The momo crowd is buying stocks in the early trade.&nbsp;Smart money is selling stocks in the early trade.</p>
<h3><strong>Gold</strong></h3>
<p>The momo crowd is like a yoyo in gold in the early trade.&nbsp;Smart money is inactive in the early trade.</p>
<p>For longer-term, please see gold and silver ratings.</p>
<p>The most popular ETF for gold is<strong> SPDR Gold Trust </strong>(ARCA:GLD). The most popular ETF for silver is <strong>iShares Silver Trust</strong> (ARCA:SLV).&nbsp;</p>
<h3><strong>Oil</strong></h3>
<p>The momo crowd is like a yoyo in oil in the early trade.&nbsp;Smart money is inactive in the early trade.</p>
<p>For longer-term, please see oil ratings.</p>
<p>The most popular ETF for oil is <strong>United States Oil ETF</strong> (ARCA:USO).</p>
<h3><strong>Bitcoin</strong></h3>
<p><strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling.</p>
<h3><strong>Protection Band And What To Do Now</strong></h3>
<p>It is important for investors to look ahead and not in the rearview mirror.</p>
<p>Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.</p>
<p>You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.</p>
<p><strong>It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;</strong>When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.</p>
<h3><strong>Traditional 60/40 Portfolio</strong></h3>
<p>Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.</p>
<p>Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.</p>
<p><strong>The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.</strong></p>
<p class="contributor-disclaimer"><em>This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.</em></p>


$BTC

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AMZN

GOOG

MSFT

NVDA

Meta Falls 15% On Great Earnings, Tesla Rises 12% On Ugly Earnings – Here Is The Real Reason

WIIM

Willis Towers Watson shares are trading lower after the company reported worse-than-expected Q1 sales results.

<p>UBS  analyst Danielle Antalffy   maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $74 to $90.</p>


UBS Maintains Buy on Boston Scientific, Raises Price Target to $90

Laboratory Corporation Of America Holdings

Laboratory Corp shares are trading lower. The company reported Q1 financial results.

<p><strong>Tractor Supply Company</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) shares are trading lower after the company reported first-quarter earnings per share of $1.83,&nbsp;<a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">beating the analyst consensus of $1.71.&nbsp;</a></p>
<p>Quarterly revenues of $3.395 billion were in line with the estimates,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38427979/tractor-supply-company-reports-first-quarter-2024-financial-results-reiterates-fiscal-2024-financi" rel="noreferrer noopener">&nbsp;rising 2.9%&nbsp;year over year.</a>&nbsp;</p>
<p>Comparable store sales, which increased 1.1%, slowed compared to the prior year &nbsp;(2.1% growth for the previous year&#8217;s first quarter).</p>
<p>New store openings and comparable sales growth drove&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the net sales increase</a>.&nbsp;</p>
<p>Gross profit increased 4.4% to $1.22 billion from $1.17 billion in the year-ago quarter.&nbsp;</p>
<p>The gross margin increased 50 basis points to 36.0% from 35.5% in the&nbsp;first quarter of the prior year.&nbsp;The gross margin rate increase was primarily attributable to ongoing lower transportation costs, disciplined product cost management, and&nbsp;the execution of&nbsp;an everyday&nbsp;low price&nbsp;strategy.</p>
<p>Operating income increased 7.6% to $263.1 million from $244.4 million in the first quarter of 2023.</p>
<p>The company opened 17 new Tractor Supply stores and four new Petsense by Tractor Supply stores in the first quarter of 2024.</p>
<p><strong>Outlook:</strong>&nbsp;Tractor Supply reiterated its FY24 outlook with GAAP EPS of $9.85-10.50<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;versus the $10.22 estimate</a>. The company sees sales of $14.700 billion-15.100 billion versus the $14.98 billion estimate.</p>
<p><strong>Price Action: </strong>TSCO shares are trading lower by 2.11% to $254.16 at last check Thursday.</p>
<p><em>Photo via Wikimedia Commons</em></p>


Earnings

Equities

Guidance

General

TSCO

Why Tractor Supply Company Shares Are Falling After Q1 Earnings

<p><strong>Nexalin Technology, Inc. </strong>(the "Company" or "Nexalin") <strong>(NASDAQ:</strong><a href="https://www.benzinga.com/stock/NXL#NASDAQ"><strong>NXL</strong></a><strong>, NXLIW))) </strong>announced that the Company received notice from The Nasdaq Stock Market ("Nasdaq") on April 23, 2024, notifying the Company that it has regained compliance with Nasdaq's minimum bid price requirement under Nasdaq Rule 5550(a)(2).</p>
<p>Mark White, CEO of Nexalin, stated, "We remain committed to our mission of revolutionizing the treatment of mental health and neurological conditions through our safe, non-invasive, and drug-free neurostimulation technology. We believe our Nasdaq listing provides us with much greater exposure within the investment community, which is particularly important given the positive ongoing developments and anticipated upcoming milestones. I would like to extend my gratitude to our shareholders for your continued support and confidence in Nexalin's vision and capabilities."</p>


Nexalin Technology Regains Compliance With Nasdaq Continued Listing Requirements

<p>Roth MKM  analyst Rohit Kulkarni   maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and raises the price target from $500 to $510.</p>


Roth MKM Maintains Buy on Meta Platforms, Raises Price Target to $510

Dover shares are trading higher after the company reported better-than-expected Q1 financial results and updated its FY24 guidance.

<p>UBS  analyst Chris Snyder   maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Buy and raises the price target from $135 to $138.</p>


UBS Maintains Buy on Amphenol, Raises Price Target to $138

<p>Benchmark  analyst Nathan Martin   reiterates Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Buy and maintains $277 price target.</p>


Reiteration

Benchmark Reiterates Buy on Norfolk Southern, Maintains $277 Price Target

Vertiv Holdings shares are trading higher after multiple firms raised their respective price targets on the stock. Also, yesterday the company reported better-than-expected Q1 financial results and raised its 2024 guidance.

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Advanced Micro Devices</strong>.</p>
<p>Looking at options history for Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) we detected 12 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 58% with bearish.</p>
<p>From the overall spotted trades, 5 are puts, for a total amount of $145,646 and 7, calls, for a total amount of $703,721.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $195.0 for Advanced Micro Devices over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Advanced Micro Devices's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Advanced Micro Devices's substantial trades, within a strike price spectrum from $135.0 to $195.0 over the preceding 30 days.</p>
<h3>Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714056357_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</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>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$9.95</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$149.00</td>
<td>$304.9K</td>
<td>417</td>
<td>355</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$2.5</td>
<td>$2.47</td>
<td>$2.47</td>
<td>$152.50</td>
<td>$122.7K</td>
<td>6.2K</td>
<td>5.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$11.0</td>
<td>$10.9</td>
<td>$10.95</td>
<td>$160.00</td>
<td>$89.7K</td>
<td>2.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$8.0</td>
<td>$7.95</td>
<td>$7.98</td>
<td>$170.00</td>
<td>$70.1K</td>
<td>3.2K</td>
<td>2.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$2.66</td>
<td>$2.64</td>
<td>$2.66</td>
<td>$165.00</td>
<td>$43.8K</td>
<td>6.6K</td>
<td>1.6K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Advanced Micro Devices</h3>
<p>Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center and automotive.</p>
<p>Following our analysis of the options activities associated with Advanced Micro Devices, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Advanced Micro Devices</h3>
<ul>
<li>With a trading volume of 13,834,776, the price of AMD is up by 0.43%, reaching $152.39.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 5 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Advanced Micro Devices</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $205.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Advanced Micro Devices with a target price of $200. </li>
<li>Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Advanced Micro Devices with a target price of $200. </li>
<li>In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $200. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $200. </li>
<li>An analyst from HSBC upgraded its action to Buy with a price target of $225. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Advanced Micro Devices, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Unpacking the Latest Options Trading Trends in Advanced Micro Devices

<p>Deep-pocketed investors have adopted a bearish approach towards Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</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 WFC usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Wells Fargo. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $90,790, and 6 are calls, amounting to $529,120.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $62.5 for Wells Fargo during the past quarter. </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 Wells Fargo'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 Wells Fargo's whale trades within a strike price range from $25.0 to $62.5 in the last 30 days. </p>
<h3>Wells Fargo Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714056351_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$23.0</td>
<td>$21.5</td>
<td>$21.6</td>
<td>$40.00</td>
<td>$216.0K</td>
<td>20.2K</td>
<td>0</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.35</td>
<td>$16.35</td>
<td>$17.1</td>
<td>$45.00</td>
<td>$171.0K</td>
<td>18.2K</td>
<td>100</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$62.50</td>
<td>$56.2K</td>
<td>762</td>
<td>125</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$0.54</td>
<td>$0.53</td>
<td>$0.53</td>
<td>$60.00</td>
<td>$42.3K</td>
<td>5.4K</td>
<td>243</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$1.0</td>
<td>$0.98</td>
<td>$0.98</td>
<td>$60.00</td>
<td>$39.1K</td>
<td>2.6K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Wells Fargo</h3>
<p>Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.</p>
<p>Having examined the options trading patterns of Wells Fargo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Wells Fargo</h3>
<ul>
<li>With a trading volume of 3,190,470, the price of WFC is down by -0.6%, reaching $60.23.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 78 days from now.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wells Fargo options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Wells Fargo's Options Frenzy: What You Need to Know

<p>Deep-pocketed investors have adopted a bearish approach towards Hecla Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</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 HL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Hecla Mining. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 0% leaning bullish and 100% bearish. Among these notable options, 5 are puts, totaling $291,252, and 4 are calls, amounting to $142,794.</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 $5.0 to $6.0 for Hecla Mining over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hecla Mining'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 Hecla Mining's whale trades within a strike price range from $5.0 to $6.0 in the last 30 days. </p>
<h3>Hecla Mining 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714056346_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>HL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.38</td>
<td>$0.37</td>
<td>$0.38</td>
<td>$5.00</td>
<td>$95.2K</td>
<td>2.4K</td>
<td>4.9K</td>
</tr>
<tr>
<td>HL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.39</td>
<td>$0.38</td>
<td>$0.39</td>
<td>$5.00</td>
<td>$78.2K</td>
<td>2.4K</td>
<td>3</td>
</tr>
<tr>
<td>HL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.37</td>
<td>$0.36</td>
<td>$0.37</td>
<td>$5.00</td>
<td>$54.7K</td>
<td>2.4K</td>
<td>8.0K</td>
</tr>
<tr>
<td>HL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.18</td>
<td>$0.16</td>
<td>$0.16</td>
<td>$6.00</td>
<td>$40.2K</td>
<td>13.0K</td>
<td>352</td>
</tr>
<tr>
<td>HL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.38</td>
<td>$0.36</td>
<td>$0.38</td>
<td>$5.00</td>
<td>$38.0K</td>
<td>2.4K</td>
<td>6.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Hecla Mining</h3>
<p>Hecla Mining Co produces and explores silver, gold, zinc and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada , United States and Mexico and it derives a majority of its revenue from United States.</p>
<p>After a thorough review of the options trading surrounding Hecla Mining, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Hecla Mining Standing Right Now?</h3>
<ul>
<li>With a volume of 5,163,132, the price of HL is down -4.01% at $5.03. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
<h3>What The Experts Say On Hecla Mining</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $6.0.</p>
<ul>
<li>An analyst from Roth MKM has decided to maintain their Buy rating on Hecla Mining, which currently sits at a price target of $6. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Hecla Mining, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Behind the Scenes of Hecla Mining's Latest Options Trends

<p>Benchmark  analyst Mark Levin   reiterates Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Hold.</p>


Benchmark Reiterates Hold on Canadian Pacific Kansas

<p>UBS  analyst Michael Goldsmith   upgrades UDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) from Neutral to Buy and raises the price target from $38 to $44.</p>


Upgrades

UBS Upgrades UDR to Buy, Raises Price Target to $44

<p><strong>OUTLOOK</strong></p>
<p>"In the near-term, demand in key end-markets from packaging and mobility to energy applications are trending sequentially higher and in-line with our expectations at the start of the year," said Fitterling. "In addition, our high-value organic growth investments and our advantaged portfolio position Dow well to deliver earnings growth and enhanced shareholder value as the economic recovery gathers strength. This allows us the financial flexibility to advance our long-term Decarbonize &amp; Grow and Transform the Waste strategies and capture more than $3 billion in underlying earnings improvement annually by 2030. We will share more about our strategic and financial priorities that will drive earnings growth and enable higher shareholder returns at our upcoming Investor Day on May 16, 2024."</p>


Dow Inc Chairperson Jim Fitterling In Q1 Report, Said "In The Near-Term, Demand In Key End-Markets From Packaging And Mobility To Energy Applications Are Trending Sequentially Higher And In-Line With Our Expectations At The Start Of The Year"

<p>Benchmark  analyst Mark Zgutowicz   reiterates Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Hold.</p>


Benchmark Reiterates Hold on Meta Platforms

<p><strong>Lockheed Martin Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) released its Q1 earnings report on Tuesday, which showed impressive growth <a href="https://www.benzinga.com/quote/LMT/news">in net sales</a>. </p>
<p>The company reported net sales of $17.195 billion, marking a 13.7% increase compared to the same quarter last year. Despite this strong performance, adjusted earnings per share (EPS) fell slightly to $6.33 from $6.43 year-over-year (YoY). However, the EPS still exceeded expectations by a notable margin.</p>
<p><em>More on the earnings, here: <a href="https://www.benzinga.com/news/earnings/24/04/38383997/lockheed-martins-q1-revenue-climbs-amid-fluctuating-profit-margins-2024-outlook-reaffirmed">Lockheed Martin&#8217;s Q1 Revenue Climbs Amid Fluctuating Profit Margins, 2024 Outlook Reaffirmed</a></em></p>
<p>Lockheed Martin stock has been relatively stable, down a modest 4.53% over the past year and up 1.30%  year-to-date (YTD). Despite this, a technical analysis has identified signs that a Golden Cross, a potentially bullish indicator, might be approaching, suggesting a possible positive trend reversal for the stock.</p>
<h2 class="wp-block-heading">Positive Trend Reversal &#8211; Golden Cross In Sight</h2>
<p>The current trend for Lockheed Martin is moderately bullish, with slight selling pressure. Several key technical indicators support this outlook.</p>
<p><figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075344/Screenshot-2024-04-25-at-4.37.49-PM.png" alt="" class="wp-image-308555" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075344/Screenshot-2024-04-25-at-4.37.49-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075344/Screenshot-2024-04-25-at-4.37.49-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure></p>
<p><em><a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a></em></p>
<p>The stock&#8217;s current price is $459.14, slightly above its 8-day SMA of $457.99 and the 20-day SMA of $454.67, signaling a bullish trend. It also trades above the 50-day SMA of $441.38 and the 200-day SMA of $442.31, reinforcing the long-term bullish outlook.</p>
<p>One traditionally bullish signal is the <strong>Golden Cross</strong>, where the 50-day SMA is about to cross above the 200-day SMA. If a Golden Cross were to occur, it would indicate bullish potential for the stock.</p>
<p><figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075548/Screenshot-2024-04-25-at-5.25.09-PM.png" alt="" class="wp-image-308562" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075548/Screenshot-2024-04-25-at-5.25.09-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25075548/Screenshot-2024-04-25-at-5.25.09-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure></p>
<p><em><a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a></em></p>
<p>The Moving Average Convergence Divergence (MACD) indicator for Lockheed Martin is 4.74, reinforcing the bullish signal. However, the Relative Strength Index (RSI) is at 61.72, with the stock treading near the overbought zone above 70.</p>
<p>Looking at the Bollinger Bands, the stock price continues to lie in the upper (bullish) band, also suggesting a bullish trend.</p>
<p>Overall, while there are multiple signs of a bullish trend, the RSI indicates caution as the stock may soon be overbought. Investors should consider these technical indicators along with other factors before making investment decisions.</p>
<h2 class="wp-block-heading"><strong>Analysts See 10%+ Upside</strong></h2>
<p>Despite the positive technical signals, analyst ratings for Lockheed Martin Corp are Neutral, with a <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">consensus price target</a> of $444. The most recent analyst ratings from Deutsche Bank, Citigroup, and UBS, released over the past two days, suggest an average price target of $503.67. This implies a potential upside of 10.21% from the current price.</p>
<p>While Lockheed Martin&#8217;s Q1 2024 earnings report demonstrated strong sales growth, its stock has not seen significant movement recently. </p>
<p>However, the technical analysis suggests a potential bullish trend. Investors should consider these factors along with analyst ratings and consensus targets before making any investment decisions regarding Lockheed Martin stock.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38414013/lockheed-martin-reports-q1-earnings-beat-but-margin-concerns-remain-analysts-dive-i">Lockheed Martin Reports Q1 Earnings Beat, But Margin Concerns Remain: Analysts Dive Into Results, Outlook</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Analyst Color

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KOPN, BTCM and CETX among mid-day movers

ABEO

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ARBE

ARBK

AUID

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BGLC

BTCM

CETX

CHCI

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DUOT

FOUR

GOEV

JTAI

KAVL

KOPN

LFWD

LIPO

LOGI

LXEH

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NSYS

OCGN

OPRT

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Fintech

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Opinion

Thinking about buying stock in MMTec, Ainos, Jumia Technologies, Akero Therapeutics, or BioVie?

AKRO

BIVI

JMIA

Amplitude