Latest News for Spark Energy Minerals Stock (OTC:MTEHF)

Spark Energy Minerals Inc is in the business of acquisition, exploration and evaluation of a mineral properties in Ontario, Quebec, and Brazil. Its projects include, Minas Gerais and Bahia Lithium Project, Goas Rare Earth Elements Project, Lithium Valley Lithium Project and Nova Energia Lithium Project.

SPARK ENERGY MINERALS INC by Spark Energy Minerals Inc.

Spark Energy Minerals Inc

<p>Shares of <strong>Hims &amp; Hers Health Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) were climbing in early trading on Tuesday. The personal-care products company reported <a href="https://www.benzinga.com/news/earnings/24/05/38653933/hims-hers-health-reports-better-than-expected-q1-results-strong-guidance">upbeat results for the first quarter</a>.</p>
<p>The results be reported amid an <a href="https://www.benzinga.com/calendars/earnings">exciting earnings season</a>. Here are some key analyst expectations.</p>
<ul>
<li>Piper Sandler analyst Korinne Wolfmeyer maintained a Neutral rating, while raising the price target from $11 to $13.</li>
<li>Truist Securities analyst Jailendra Singh reaffirmed a Hold rating and price target of $13.</li>
</ul>
<p><em>Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.</em></p>
<p><strong>Piper Sandler</strong>: Hims &amp; Hers Health reported total revenue of $278.2 million. That represents 46% year-on-year growth and higher than Street expectations of $270.4 million, Wolfmeyer said in a note. </p>
<p>The San Francisco-based company also delivered a beat on adjusted EBITDA, "driven entirely by impressive SG&amp;A leverage," he added.</p>
<p>The results indicate that the company's model is "proving effective," the analyst wrote. Management raised their 2024 revenue and adjusted EBITDA guidance by more than the beat, from $1.17-$1.20 billion to $1.20-$1.23 billion and from $100-$120 million to $120-$135 million, respectively. </p>
<p>The company delivered a strong quarter "with little to pick at." In case the "top line momentum doesn&#8217;t hold, the margin progression is at risk," Wolfmeyer further stated.</p>
<p><strong>Truist Securities</strong>: Hims &amp; Hers Health reported a beat and raise quarter, "driven by a strong subscriber growth, continuing increase in the percentage of subscribers opting for personalized solutions, and efficiency improvements," Singh wrote in a note.</p>
<p>Subscribers grew by 41% to 1.709 billion, with increasing penetration of personalized solutions, the analyst stated. </p>
<p>"This year, HIMS will continue to expand its range of personalized solutions in both established and newer specialties in areas like Weight Loss and Dermatology to enhance the customer experience with more user-friendly form factors and eventually, a broader selection of multi-action offerings," he further wrote.</p>
<p><strong>HIMS Price Action: </strong>Shares of Hims &amp; Hers Health had risen by 5.97% to $12.34 at the time of publication on Tuesday.</p>
<p><em>Now Read: <a href="https://www.benzinga.com/general/entertainment/24/05/38676513/taylor-swift-vs-scooter-braun-new-docuseries-on-bitter-music-feud-to-skip-us-launch">Taylor Swift Vs. Scooter Braun &#8211; New Docuseries On Bitter Music Feud To Skip US Launch</a></em></p>


Analyst Color

Earnings Misses

Price Target

Reiteration

Analyst Ratings

Movers

Trading Ideas

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Hims & Hers Health's Model 'Proving Effective': 2 Analysts Examine Q1 Earnings

<p>Alliance Global Partners  analyst Brian Kinstlinger   downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Buy to Neutral.</p>


News

Downgrades

PRFT

Alliance Global Partners Downgrades Perficient to Neutral

<p>TD Cowen  analyst Krish Sankar   maintains Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Buy and raises the price target from $47 to $55.</p>


UCTT

TD Cowen Maintains Buy on Ultra Clean Hldgs, Raises Price Target to $55

<p><strong>Builders FirstSource, Inc.&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) shares are trading lower following the&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">first quarter earnings result</a>.</p>
<p>The company reported adjusted earnings per share of $2.65,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38664151/builders-firstsource-reports-first-quarter-2024-results-and-reaffirms-2024-guidance" rel="noreferrer noopener">beating the analyst consensus of $2.30</a>.&nbsp;</p>
<p>The company reported quarterly sales of $3.891 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the street view of $3.824 billion.</a></p>
<p>Sales rose 0.2%,&nbsp;with&nbsp;core organic sales essentially flat, in line with expectations, and growth from acquisitions partially offset by commodity deflation.</p>
<p>Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.</p>
<p>Gross profit margin percentage decreased 190 basis points to 33.4%, primarily driven by a timing shift in product mix toward lower-margin,&nbsp;early stage&nbsp;homebuilding products and margin normalization, particularly in Multi-Family.</p>
<p>Adjusted EBITDA decreased 14.4% to $540.9 million, primarily driven by lower gross profit and higher operating expenses due to acquisitions. Adjusted EBITDA margin declined by 240 basis points to 13.9%.</p>
<p>Cash provided by operating activities was $317.2 million, down $337.2 million compared to the prior year&nbsp;period.</p>
<p>For the first quarter, the company delivered approximately $40 million in productivity savings related to operations excellence and supply chain initiatives.</p>
<p><strong>Outlook:&nbsp;</strong>Builders FirstSource reiterates 2024 net sales of $17.5 billion-$18.5 billion<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;versus $17.98 billion estimate.</a></p>
<p>The company expects adjusted EBITDA margin to&nbsp;be in a range of&nbsp;14.0% to 15.0%.</p>
<p><strong>Price Action:</strong> BLDR shares are trading lower by 17.3% to $166.19 at last check Tuesday. </p>
<p><em>Photo via Shutterstock</em></p>


Earnings

Equities

Guidance

Markets

General

BLDR

Builders FirstSource Falls Over 17% After Q1 Earnings - What's Going On?

<p>Pure-play consumer health company&nbsp;<strong>Kenvue Inc</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) reported first-quarter sales of $3.89 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $3.79 billion</a>.</p>
<p>Kenvue&#8217;s some of the iconic brands include Aveeno, BAND-AID Brand, Johnson&#8217;s, Listerine, Neutrogena, and Tylenol.</p>
<p>Sales increased 1.1%, up from 7.3% in the prior year&nbsp;period. Organic growth was 1.9%,&nbsp;up from&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38663676/kenvue-reports-first-quarter-2024-results" rel="noreferrer noopener">11.2%&nbsp;in the prior&nbsp;year</a>.</p>
<p>Increases in&nbsp;net sales and organic growth were primarily driven by sustained momentum in Self Care on&nbsp;strong&nbsp;consumer demand and growth in Essential Health led by Oral Care, partially offset by underperformance in Skin Health and Beauty.</p>
<p>Net sales and organic growth comprised +5.0% value realization and (3.1%) volume.&nbsp;&nbsp;</p>
<p>The self-care segment recorded $1.70 billion in net sales, up 3.5% year over year, with the skin health and beauty segment recording a 5% drop in first-quarter net sales to $1.05 billion. Essential Health segment sales increased around 4% to&nbsp;$1.14 billion.</p>
<p>The company reported adjusted EPS of $0.28, down from $0.37 a year ago, beating the consensus of $0.26.</p>
<p>Kenvue will reduce its current global workforce by approximately 4% and&nbsp;targets&nbsp;annualized pre-tax gross cost savings of approximately&nbsp;$350 million&nbsp;by 2026.</p>
<p>The company expects to incur approximately $275 million of pre-tax restructuring costs in fiscal year 2024 and&nbsp;fiscal year&nbsp;2025.</p>
<p>The first quarter adjusted gross profit margin was 60.2% vs. 57.3% in the prior year. Margin expansion of 290 basis points was primarily driven by value realization, continued global supply chain efficiency initiatives, and easing net input cost inflation.&nbsp;&nbsp;</p>
<p>The adjusted operating income margin was 22.0% vs. 21.3% in the prior year.&nbsp;&nbsp;</p>
<p><strong>Guidance:</strong>&nbsp;Kenvue expects full-year 2024&nbsp;reported&nbsp;net sales growth of 1.0%- 3.0%, with organic growth of 2.0% to 4.0%.&nbsp;&nbsp;</p>
<p>Kenvue expects full-year 2024 adjusted EPS of $1.10-$1.20 versus consensus of $1.15.</p>
<p><strong>Price Action:</strong> KVUE shares are up 4.95% at $20.03 at last check Tuesday.</p>
<p><em>Photo by Colleen Michaels via Shutterstock</em></p>


Large Cap

Health Care

KVUE

Band-Aid Maker Kenvue Cuts Workforce By 4%, Q1 Earnings Beat Street Expectations

<p>B. Riley Securities  analyst Dave Kang   maintains Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) with a Neutral and lowers the price target from $41 to $40.</p>


LITE

B. Riley Securities Maintains Neutral on Lumentum Holdings, Lowers Price Target to $40

<p>TD Cowen  analyst J. Derrick Wood   maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Hold and lowers the price target from $46 to $40.</p>


TD Cowen Maintains Hold on Teradata, Lowers Price Target to $40

<p>B. Riley Securities  analyst Dave Kang   maintains Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) with a Neutral and lowers the price target from $173 to $171.</p>


B. Riley Securities Maintains Neutral on Fabrinet, Lowers Price Target to $171

<p>TD Cowen  analyst Joshua Buchalter   maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Hold and raises the price target from $80 to $90.</p>


MCHP

TD Cowen Maintains Hold on Microchip Technology, Raises Price Target to $90

<p>B. Riley Securities  analyst Eric Wold   maintains Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) with a Buy and lowers the price target from $19 to $17.</p>


BOWL

B. Riley Securities Maintains Buy on Bowlero, Lowers Price Target to $17

<p>B. Riley Securities  analyst Lucas Pipes   maintains Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) with a Buy and raises the price target from $374 to $375.</p>


B. Riley Securities Maintains Buy on Alpha Metallurgical, Raises Price Target to $375

<p>TD Cowen  analyst Yaron Werber   maintains BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) with a Hold and raises the price target from $95 to $98.</p>


BNTX

TD Cowen Maintains Hold on BioNTech, Raises Price Target to $98

<p>B. Riley Securities  analyst Zach Cummins   maintains Zeta Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) with a Buy and raises the price target from $15.5 to $18.5.</p>


ZETA

B. Riley Securities Maintains Buy on Zeta Global Holdings, Raises Price Target to $18.5

<p>TD Cowen  analyst Robert Moskow   maintains Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) with a Hold and lowers the price target from $38 to $37.</p>


TD Cowen Maintains Hold on Treehouse Foods, Lowers Price Target to $37

<p>Financial giants have made a conspicuous bearish move on American Airlines Gr. Our analysis of options history for American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $1,393,176, and 3 were calls, valued at $147,410.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $25.0 for American Airlines Gr over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for American Airlines Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across American Airlines Gr's significant trades, within a strike price range of $12.0 to $25.0, over the past month.</p>
<h3>American Airlines Gr Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715100354_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>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.71</td>
<td>$0.66</td>
<td>$0.7</td>
<td>$13.00</td>
<td>$703.0K</td>
<td>11.0K</td>
<td>10.5K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.55</td>
<td>$10.45</td>
<td>$10.5</td>
<td>$25.00</td>
<td>$315.0K</td>
<td>0</td>
<td>0</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.71</td>
<td>$0.7</td>
<td>$0.71</td>
<td>$13.00</td>
<td>$130.3K</td>
<td>11.0K</td>
<td>14.8K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.71</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$13.00</td>
<td>$110.9K</td>
<td>11.0K</td>
<td>12.9K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.33</td>
<td>$1.32</td>
<td>$1.32</td>
<td>$14.00</td>
<td>$75.6K</td>
<td>3.3K</td>
<td>6.6K</td>
</tr>
</tbody>
</table>
</p>
<h3>About American Airlines Gr</h3>
<p>American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.</p>
<h3>Present Market Standing of American Airlines Gr</h3>
<ul>
<li>Currently trading with a volume of 13,903,820, the AAL's price is down by -2.93%, now at $14.22. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 72 days.</li>
</ul>
<h3>Expert Opinions on American Airlines Gr</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 $22.0.</p>
<ul>
<li>An analyst from Bernstein persists with their Outperform rating on American Airlines Gr, maintaining a target price of $22. </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 American Airlines Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

American Airlines Gr Unusual Options Activity

<p>Deep-pocketed investors have adopted a bullish approach towards United Parks &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</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 PRKS usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for United Parks &amp; Resorts. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $77,960, and 7 are calls, amounting to $327,634.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $48.0 to $60.0 for United Parks &amp; Resorts over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</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 United Parks &amp; Resorts's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Parks &amp; Resorts's substantial trades, within a strike price spectrum from $48.0 to $60.0 over the preceding 30 days.</p>
<h3>United Parks &amp; Resorts Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715100349_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 style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PRKS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.65</td>
<td>$1.4</td>
<td>$1.42</td>
<td>$60.00</td>
<td>$94.5K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">666</td>
</tr>
<tr>
<td>PRKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.5</td>
<td>$3.3</td>
<td>$3.5</td>
<td>$48.00</td>
<td>$43.7K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>PRKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$48.00</td>
<td>$43.7K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>PRKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$48.00</td>
<td>$43.0K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>PRKS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$48.00</td>
<td>$42.5K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">375</td>
</tr>
</tbody>
</table>
</p>
<h3>About United Parks &amp; Resorts</h3>
<p>United Parks &amp; Resorts Inc operates in the United States leisure industry. Its core business is the operation of theme parks and such entertainment facilities involving sea animals across the country under prominent brands such as SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. The company generates majority of its revenue from selling admission tickets for its theme parks.</p>
<p>After a thorough review of the options trading surrounding United Parks &amp; Resorts, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is United Parks &amp; Resorts Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 908,693, with PRKS's price down by -0.88%, positioned at $49.33.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 1 days.</li>
</ul>
<h3>Expert Opinions on United Parks &amp; Resorts</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $57.5.</p>
<ul>
<li>An analyst from Citigroup has decided to maintain their Neutral rating on United Parks &amp; Resorts, which currently sits at a price target of $57. </li>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on United Parks &amp; Resorts with a target price of $58. </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 United Parks &amp; Resorts options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


PRKS

United Parks & Resorts's Options Frenzy: What You Need to Know

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Illumina</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with ILMN, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for Illumina.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 12% bullish and 75%, bearish.</p>
<p>Out of all of the options we uncovered, 7 are puts, for a total amount of $430,138, and there was 1 call, for a total amount of $30,450.</p>
<h3>Projected Price Targets</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $150.0 for Illumina during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Illumina's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Illumina's significant trades, within a strike price range of $110.0 to $150.0, over the past month.</p>
<h3>Illumina 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715100344_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 style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ILMN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$112.00</td>
<td>$87.1K</td>
<td style="text-align: right;">863</td>
<td>16</td>
</tr>
<tr>
<td>ILMN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$2.55</td>
<td>$2.25</td>
<td>$2.4</td>
<td>$115.00</td>
<td>$75.3K</td>
<td style="text-align: right;">140</td>
<td>330</td>
</tr>
<tr>
<td>ILMN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$112.00</td>
<td>$63.4K</td>
<td style="text-align: right;">863</td>
<td>1.0K</td>
</tr>
<tr>
<td>ILMN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.45</td>
<td>$1.35</td>
<td>$2.45</td>
<td>$112.00</td>
<td>$61.9K</td>
<td style="text-align: right;">863</td>
<td>1.0K</td>
</tr>
<tr>
<td>ILMN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.5</td>
<td>$2.1</td>
<td>$2.4</td>
<td>$112.00</td>
<td>$57.7K</td>
<td style="text-align: right;">863</td>
<td>771</td>
</tr>
</tbody>
</table>
</p>
<h3>About Illumina</h3>
<p>Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates over 90% of its revenue from sequencing instruments, consumables, and services. Illumina's high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays (9% of 2023 sales) that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.</p>
<p>Following our analysis of the options activities associated with Illumina, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Illumina</h3>
<ul>
<li>Trading volume stands at 1,415,487, with ILMN's price down by -3.09%, positioned at $115.3.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 92 days.</li>
</ul>
<h3>Expert Opinions on Illumina</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $164.2.</p>
<ul>
<li>Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Overweight with a new price target of $170.</li>
<li>An analyst from Barclays has decided to maintain their Underweight rating on Illumina, which currently sits at a price target of $100. </li>
<li>Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Overweight with a new price target of $170.</li>
<li>Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $253.</li>
<li>Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Illumina with a target price of $128. </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 Illumina, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


ILMN

Illumina Unusual Options Activity For May 07

<p>B. Riley Securities  analyst Raj Sharma   maintains Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) with a Buy and raises the price target from $14 to $15.</p>


LINC

B. Riley Securities Maintains Buy on Lincoln Educational Servs, Raises Price Target to $15

<p>TD Cowen  analyst Helane Becker   maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Buy and lowers the price target from $59 to $56.</p>


TD Cowen Maintains Buy on Air Lease, Lowers Price Target to $56

<p>B. Riley Securities  analyst Daniel Day   maintains EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) with a Buy and raises the price target from $24 to $29.5.</p>


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Latest News for Spark Energy Minerals Stock (OTC:MTEHF)

Tuesday, March 24, 2020