Latest news for Class 1 Nickel (OTC:NICLF) Stock

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past-producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resources with majority resource growth and near-term mining potential.

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Canada Nickel predicts becoming a major nickel producer in North America with its flagship Crawford project, but faces challenges and competition.

EXCLUSIVE: Canada&#39;s Mega Nickel Project With 3.8 Million Metric Tons Set To Challenge Global Giants (CORRECTED)

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ALEC

Alector shares are trading higher after the company presented its baseline data for the INFRONT-Phase 3 trial of Latozinemab at ISFTD 2024.

Shares of housing-related stocks are trading higher after the Fed cut rates by 50 bps, which could affect housing demand.

With a change in its business practices, GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrency with<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds"> the company's cash.</a>
While GameStop hasn't added Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to its balance sheet yet, the company did help one customer turn a small purchase into a full BTC worth over $60,000.
What Happened: The Cardsmiths Currency Series 1 trading card series, launched in 2022, features influential people to <a href="https://www.benzinga.com/crypto">the cryptocurrency sector,</a> memes and artifacts. The set also includes randomly inserted redemption codes that are available to trade for various amounts of Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
A GameStop customer found one of the redemption cards previously and upon scratching it off last month, realized he had one of the rarest cards good to redeem for one full Bitcoin. This turned his initial $33 purchase for the pack of cards into a Bitcoin worth more than $60,000.
The consumer shared his findings in a post on <a href="https://www.reddit.com/r/Currencytradingcards/comments/1es9ypc/got_one/">Reddit</a>, with the action now going viral thanks to GameStop tweeting about the unique story.
"A GameStop customer found 1 Bitcoin in a trading card pack," GameStop <a href="https://x.com/gamestop/status/1836110246558961800">tweeted</a>.
According to the Reddit post, the user said they thought the unscratched redemption card "looked better in the binder."
Later upon scratching off the card, the card owner thought the redemption card was good for a part of a whole Bitcoin before realizing that it was for one BTC.
"This is mind boggling to me honestly," the owner said.
The user did admit to have previously buying and opening 10 to 12 boxes of the Cardsmiths Currency Series 1 trading cards.
Read Also:<a href="https://www.benzinga.com/news/earnings/24/09/40803991/gamestop-q2-earnings-highlights-revenue-miss-eps-beat-cash-update-and-more"> GameStop Q2 Earnings Highlights: Revenue Miss, EPS Beat, Cash Update And More</a>
Why It's Important: The price of Bitcoin was around $16,500 when the series 1 currency trading card set was released, as reported by <a href="https://www.cllct.com/sports-collectibles/memorabilia/collector-finds-bitcoin-in-pack-of-cards-from-game-stop">Cllct</a>.
Another GameStop purchaser also found a Bitcoin redemption card back in March, but the number of unredeemed full Bitcoin cards could be 0 or 1 now, according to the report.
The company behind the Cardsmiths Currency Trading Cards said the set offered the "industry-first cryptocurrency redemption program."
Series 1 of the set is believed to have had five Bitcoin redemption cards. The company's CEO said earlier this year that there were only a couple unredeemed BTC cards according to a user on the Reddit thread, which could suggest that the two pulled at GameStop were the last ones.
The recent tweet will likely put increased attention on the currency trading cards and also GameStop's<a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards"> recent push into trading cards</a> in stores and online.
GameStop's <a href="https://www.gamestop.com/search/?prefn1=brand&amp;prefv1=Cardsmiths&amp;q=Currency%20Trading%20Cards&amp;view=new&amp;utm_campaign=brand&amp;utm_content=1726594207&amp;utm_medium=social&amp;utm_source=instagram">website </a>currently lists several Cardsmiths items for sale including:
<ul>
<li>Series 3 Collectors Box 2-Pack: $36.99</li>
<li>Series 3 Mega Box (40 Cards): $105.99</li>
<li>Series 2 Collectors Box 2-Pack: $30.00</li>
<li>Series 1 Collectors Box 2-Pack: $31.99</li>
</ul>
While the full Bitcoin redemption cards from series 1 could be completely gone, each series has redemption cards for various amounts of Bitcoin, Ethereum, Litecoin and Dogecoin.
For Series 1, the odds of getting a cryptocurrency redemption code was listed at 1:96 packs.
GME, BTC Price Action: GameStop stock trades at $19.62 versus a 52-week trading range of $9.95 to $64.83. GameStop stock is up 17.7% year-to-date in 2024.
Bitcoin trades at $63,688.18, up 5% over the last 24 hours. Bitcoin has traded between $26,011.47 to $73,750.07 over the last 52-weeks and is up 43.8% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39677771/gamestop-offering-25k-bounty-on-rare-lionel-messi-card-video-game-retailer-deepens-trading-card-push">GameStop Offering $25K Bounty On Rare Lionel Messi Card: Video Game Retailer Deepens Trading Card Push</a></li>
</ul>

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

Cryptocurrency

$BTC

$DOGE

$ETH

$LTC

Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: 'Mind-Boggling' Story Goes Viral, Highlights Crypto Redemption Card

LBPH

Longboard Pharmaceuticals shares are trading higher after the company announced it received rare pediatric disease and orphan drug designations from the FDA for bexicaserin (LP352) in Dravet syndrome.

FactSet Research Systems shares are trading higher following better-than-expected Q4 financial results.

News

COSM

Cosmos Health Enters Development Phase For CCDL24, A New Multitargeting Treatment For Gastrointestinal Disorders

Contracts

General Dynamics Information Technology Secures $299M Contract To Support Pentagon's Network Infrastructure Through DISA's JSP ETM-NG Program, With One-Year Base Period And Two Six-Month Options

LUNR

Intuitive Machines shares are trading higher after B. Riley Securities raised its price target on the stock from $8 to $12.

Corcept Therapeutics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cort#NASDAQ">CORT</a>) shares soared 6.5% in the last trading session to close at $42.27. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock&#39;s 15.7% gain over the past four weeks.
The company&#39;s sole marketed drug, Korlym, approved for treating Cushing&#39;s syndrome, is witnessing strong demand and driving growth. Also, a new drug application for the lead candidate, relacorilant, to treat Cushing&#39;s syndrome is expected to be filed in the fourth quarter of 2024. The ongoing progress with Korlym and relacorilant could be the reason for the share price rally.
This drug developer is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -7.1%. Revenues are expected to be $171.04 million, up 38.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Corcept, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CORT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Corcept is a member of the Zacks Medical - Drugs industry. One other stock in the same industry, Zoetis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zts#NYSE">ZTS</a>), finished the last trading session 0.4% higher at $196.48. ZTS has returned 6.6% over the past month.
For Zoetis, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.46. This represents a change of +7.4% from what the company reported a year ago. Zoetis currently has a Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2338319/corcept-cort-moves-6-5-higher-will-this-strength-last?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2338319">To read this article on Zacks.com click here.</a>

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Mid Cap

Analyst Ratings

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CORT

Corcept Moves 6.5% Higher: Will This Strength Last?

CAKE

TXRH

WING

Shares of hotel, restaurant and leisure companies are trading higher following the Fed's rate cut, which could boost consumer spending.

CROX

Crocs shares are trading lower in possible sympathy with Sketchers which warned of current trends in China during a Wells Fargo Consumer Conference.

Macro Notification

General

X Lawyers In Brazil Report Platform Will Soon Present Legal Representative To Supreme Court And Has Begun Complying With Court Orders To Remove Hate Content; Unintentional Technical Issue Allowed Some Users To Access X On Wednesday

-Wells Fargo Consumer Conference&nbsp;&nbsp;&nbsp;&nbsp;

Guidance

Skechers CFO Expects Greater-Than-Anticipated Headwinds In China For Second Half Of 2024 Due To Slower Post-COVID Recovery, Despite Long-Term Growth Opportunities; Says "Not Really Going To Give Very Specific Guidance"

Whales with a lot of money to spend have taken a noticeably bullish stance on SoFi Techs.
Looking at options history for SoFi Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $195,502 and 10, calls, for a total amount of $449,997.
<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 $5.0 and $15.0 for SoFi Techs, spanning the last three months.
<h3>Volume &amp; Open Interest Development</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 SoFi Techs'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 SoFi Techs's whale trades within a strike price range from $5.0 to $15.0 in the last 30 days. 
<h3>SoFi Techs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774355_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>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$2.3</td>
<td>$2.26</td>
<td>$2.28</td>
<td>$10.00</td>
<td>$114.0K</td>
<td>1.2K</td>
<td>500</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$0.78</td>
<td>$0.77</td>
<td>$0.78</td>
<td>$10.00</td>
<td>$105.1K</td>
<td>23.3K</td>
<td>196</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.55</td>
<td>$3.45</td>
<td>$3.55</td>
<td>$5.00</td>
<td>$71.0K</td>
<td>23.1K</td>
<td>246</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$2.2</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$10.00</td>
<td>$43.4K</td>
<td>32.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$2.2</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$10.00</td>
<td>$43.4K</td>
<td>32.7K</td>
<td>666</td>
</tr>
</tbody>
</table>

<h3>About SoFi Techs</h3>
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
In light of the recent options history for SoFi Techs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of SoFi Techs</h3>
<ul>
<li>With a volume of 48,503,121, the price of SOFI is up 1.42% at $8.22. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 39 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>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for SoFi Techs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

SOFI

Smart Money Is Betting Big In SOFI Options

Investors with a lot of money to spend have taken a bearish stance on Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>).
And retail traders should know.
We noticed this today when the positions 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 ALLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Ally Financial.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 57%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $83,160, and 13, calls, for a total amount of $774,883.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $45.0 for Ally Financial over the last 3 months. 
<h3>Analyzing 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 Ally Financial'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 Ally Financial's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days. 
<h3>Ally Financial 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774350_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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$8.1</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$155.4K</td>
<td>292</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$7.9</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$121.8K</td>
<td>292</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$32.00</td>
<td>$94.9K</td>
<td>1.2K</td>
<td style="text-align: right;">211</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$83.1K</td>
<td>292</td>
<td style="text-align: right;">349</td>
</tr>
<tr>
<td>ALLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.8</td>
<td>$45.00</td>
<td>$83.1K</td>
<td>35</td>
<td style="text-align: right;">81</td>
</tr>
</tbody>
</table>

<h3>About Ally Financial</h3>
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.
In light of the recent options history for Ally Financial, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Ally Financial</h3>
<ul>
<li>Currently trading with a volume of 3,526,724, the ALLY's price is up by 1.38%, now at $34.52. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Ally Financial options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ALLY

Check Out What Whales Are Doing With ALLY

Deep-pocketed investors have adopted a bearish approach towards Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</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 IREN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Iris Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 47% bearish. Among these notable options, 8 are puts, totaling $2,146,613, and 9 are calls, amounting to $716,530.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $12.0 for Iris Energy over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Iris Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Iris Energy's substantial trades, within a strike price spectrum from $2.5 to $12.0 over the preceding 30 days.
<h3>Iris Energy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774345_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>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.9</td>
<td>$4.7</td>
<td>$4.9</td>
<td>$10.00</td>
<td>$735.1K</td>
<td>25.6K</td>
<td>3.1K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.9</td>
<td>$4.7</td>
<td>$4.9</td>
<td>$10.00</td>
<td>$661.9K</td>
<td>25.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.2</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$10.00</td>
<td>$461.6K</td>
<td>24</td>
<td>0</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.45</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$10.00</td>
<td>$338.1K</td>
<td>509</td>
<td>1.5K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.0</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$10.00</td>
<td>$71.7K</td>
<td>25.6K</td>
<td>174</td>
</tr>
</tbody>
</table>

<h3>About Iris Energy</h3>
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
After a thorough review of the options trading surrounding Iris Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Iris Energy</h3>
<ul>
<li>With a trading volume of 11,215,173, the price of IREN is up by 1.94%, reaching $7.87.</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 53 days from now.</li>
</ul>
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IREN

What the Options Market Tells Us About Iris Energy

A significant tax incentive is scheduled to expire in 2025, with many wealthy parents rushing to transfer their assets to their children as <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">Kamala Harris gains ground in the polls</a> ahead of the 2024 presidential election. This rush, however, has sparked new concerns over the emotional toll of sudden wealth on children – a phenomenon known as &#8220;sudden wealth syndrome.&#8221;
Don't Miss:
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<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>Teens may never need wisdom teeth removed thanks to this MedTech Company –<a href="https://www.benzinga.com/money/triagenics"> Be an early investor for just $300 for 100 shares!</a></li>
</ul>
<h2 class="wp-block-heading">What's Happening?</h2>
Currently, individuals can transfer up to $13.61 million tax-free to family members, while couples can transfer up to $27.22 million. But this generous tax benefit is set to expire at the end of 2025 and the amount will likely drop by about half. This change prompts ultrawealthy families to act quickly, moving large sums of money to their children before the window closes.
Wealthy parents are under pressure to provide money to their children as soon as possible because <a href="https://www.benzinga.com/news/24/08/40650939/kamala-harris-wants-to-tax-the-ultra-wealthy-with-unrealized-gains-tax-leaving-silicon-valley-unsett">Harris is advocating for more taxes on the wealthy</a>. They are concerned that a Democratic president may implement tax laws that would be less advantageous for them.&nbsp;
But while they&#8217;re focused on protecting their kids&#8217; financial futures, they&#8217;re also concerned about how suddenly receiving so much money could impact their children&#8217;s well-being.
Trending: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
<h2 class="wp-block-heading">The Risks of Sudden Wealth</h2>
Sudden wealth syndrome is a real challenge for people who suddenly get a lot of money. Children who inherit enormous sums or receive unexpected wealth may experience overwhelming anxiety and uncertainty about what to do with all of their newfound income.
<a href="https://www.benzinga.com/money/best-online-financial-advisors">Wealth advisors</a> are encouraging families to consider carefully before making these transfers – not just about the tax savings but also about the impact on their children's mental health and future.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
<h2 class="wp-block-heading">What's At Stake?</h2>
According to a report, &#8220;Much is often made in the media of millennial and Generation Z heirs, but Generation X will be first in line to inherit from their wealthy parent(s).&#8221;
It also says that over the next 10 years, about 1.2 million people worth $5 million or more will pass down over $31 trillion. Almost two-thirds will come from the ultrarich, those worth $30 million or more. Ultimately, around $20 trillion will be passed down from just 155,000 of the richest individuals.
<a href="https://www.benzinga.com/personal-finance/24/02/37261188/here-are-the-best-10-financial-lessons-to-teach-your-kids">Educating kids about financial responsibility</a> before they inherit a fortune can help them feel more comfortable managing their wealth. Some families are setting up gradual inheritance plans to ensure their kids won't get all the money at once, while others are seeking professional help to guide their kids through this major life change.
Read Next:
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<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a></li>
<li><a href="https://www.benzinga.com/money/charlie-munger-100k">Charlie Munger said if you want to be rich, &#8220;find a way to get your hands on $100,000&#8221; — here&#8217;s what he means.</a></li>
</ul>

Personal Finance

Kids Facing 'Sudden Wealth Syndrome' As Harris' Rise Has Parents Worried, Racing To Transfer Billions To Kids Before A 2025 Benefit Expires

Skechers shares are trading lower after the company discussed near-term China challenges.

An analyst views the launch of ESPN's DTC streaming platform as a mixed bag for The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), with both positives and negatives. While potential challenges loom, <a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">renewed NBA rights</a> and NCAA football playoffs could help offset future weakness.
The Disney Analyst: Macquarie analyst Tim Nollen retained a Neutral rating on Disney and lowered the price target from $94 to $91.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40218880/disneys-q3-earnings-revenue-and-eps-beat-streaming-business-turns-profitable-strong-espn-revenue-bo">Disney&#8217;s Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost</a>
The Analyst Takeaways: With too many moving parts, including the impact of cord cutting, Nollen has rebuilt the model on Disney and sees a near-term downside to earnings.
"For as much change as Disney has been through in the past few years, there is even more change ahead," Nollen said.
In the new investor note, the analyst focuses mainly on sports and streaming, noting that accelerated cord-cutting could come alongside the launch of the ESPN direct-to-consumer platform in August 2025.
"We estimate industry underlying year-over-year sub declines of 8.5% currently could roughly double by 2027. ESPN DTC will likely cause this, and to offset the impact will have to add 14 million subs at a $25 ARPU by FY27, on our calculations."
The key question for the analyst is whether Disney can attract new subscribers to ESPN DTC, or if it will primarily be cord-cutters, shifting from paying affiliate fees for ESPN to the new platform.
Positives for Disney's sports segment include the new National Basketball Association rights deal and the expansion of the NCAA Football playoffs, Nollen said.
Nollen said Disney "appears to have scored a good deal" on the new NBA rights with a 73% increase in average annual price while adding international rights and streaming on the new ESPN DTC platform.
"The roll-on of the new college football playoff expansion this coming Dec 2024-Jan 2025. We estimate this brings in additional $175m of revenue in FY25 and $400m in FY26, with modest operating losses on the new $1.43bn annual contract starting FY27."
"We believe Disney is leading the way amongst media peers in transitioning to streaming, and will be successful over the long run. However, there is a lot of change and uncertainty ahead."
DIS Price Action: Disney stock is up 1% to $94.52 on Thursday, versus a 52-week trading range of $78.73 to $123.74. Disney shares are up 4% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40259673/disney-analysts-tackle-theme-park-weakness-streaming-profits-the-upside-in-the-ente">Disney Analysts Tackle Theme Park Weakness, Streaming Profits: &#8216;The Upside In The Entertainment Units More Than Offsets The Parks Miss&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Entertainment

Price Target

Reiteration

Sports

Disney Faces 'More Change Ahead' As ESPN DTC Launch Will Accelerate Cord Cutting: NBA Rights, College Football Offer Upside, Analyst Says

WKSP

Worksport shares are trading higher after the company announced it launched the solis solar array and COR mobile battery power generator.

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Class 1 Nickel

Editor&#8217;s Note: This article has been corrected to note that Canada Nickel&#8217;s Crawford property ranks second in the world, behind one in Russia and ahead of three in Indonesia.



WASHINGTON — A nickel mining district in southeastern Canada may one day rival Indonesia as the world's largest producer of the battery metal, Canada Nickel Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNIKF#OTC">CNIKF</a>) CEO Mark Selby said this month <a href="https://www.benzinga.com/topic/mining">at a mining conference.</a>



The company's Crawford project near Timmins, a mining town in eastern Ontario, is its flagship property, but it is actively exploring seven other resource targets in the area with a drilling program to last into the third quarter 2024.



"Within a year from now, we'll have seven different resources published," Selby told Benzinga on the sidelines of a Benchmark Mineral Intelligence battery metals conference last week.



Also Read: <a href="https://www.benzinga.com/markets/asia/24/06/39205336/why-indonesias-ev-ambitions-mean-it-will-burn-more-coal">Why Indonesia&#8217;s EV Ambitions Mean It Will Burn More Coal</a>



Canada Nickel&#8217;s Crawford property contains 3.8 million metric tons of proven and probable nickel reserves, ranking it second among the biggest nickel mines in the world, behind one in Russia but ahead of three in Indonesia.



The catch is that the other mines are already in production, while Canada Nickel says Crawford won't be in production until the tail end of 2027.



Remaining hurdles include getting permits from the federal and provincial governments, but Selby said the company is expecting to have all of those by this time next year. Canada Nickel is backed by investments from Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>), Samsung SDI (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSDIY#OTC">SSDIY</a>) and Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTC">NGLOY</a>).



If Canada Nickel can pull it off, having such a large nickel mine in North America would go a long way toward fulfilling Western government ambitions to build a battery supply chain that isn't dependent on China, which dominates nickel mining and refining through its investments in Indonesia, the world's biggest nickel producer.



Nickel, which is used to make stainless steel, is also a key ingredient in batteries that run electric vehicles.



In 2023, Canada produced 132.4 thousand metric tons of the metal, well behind Indonesia's 1.7 million, according to GlobalData and U.S. Geological Survey data. And while Crawford is bigger than those three individual mines in Indonesia, those mines combined dwarf its reserves, with 7.7 million metric tons of nickel.



That means the Timmins area has a long way to go before it competes with Indonesia on size, but Canada Nickel isn't the only company exploring for the battery metal in the area.



Traditionally a gold mining hub, the Timmins area now boasts a slew of nickel miners, including EV Nickel Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EVNIF#OTC">EVNIF</a>), Class 1 Nickel and Technologies (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NICLF#OTC">NICLF</a>), Voltage Metals Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLTMF#OTC">VLTMF</a>), Xander Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XNDRF#OTC">XNDRF</a>), Canada One Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/COMCF#OTC">COMCF</a>), RT Minerals Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RTMFD#OTC">RTMFD</a>), Noble Mineral Exploration (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NLPXF#OTC">NLPXF</a>) and Pelangio Exploration (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PGXPF#OTC">PGXPF</a>).



Now Read: <a href="https://www.benzinga.com/markets/asia/24/04/38412172/will-indonesias-new-president-continue-nickel-policy-which-undercuts-competitors">Will Indonesia&#8217;s New President Continue Nickel Policy, Which Undercuts Competitors?</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to&nbsp;<a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a>&nbsp;to get started!



Photo: Shutterstock

EXCLUSIVE: Canada's Mega Nickel Project With 3.8 Million Metric Tons Set To Challenge Global Giants (CORRECTED)

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