NextCure Stock (NASDAQ:NXTC), Trade Ideas

NextCure

NextCure Inc is a clinical-stage biopharmaceutical company committed to discovering and developing novel, first-in-class immunomedicines to treat cancer and other immune-related diseases by restoring normal immune function. The company's product candidates include; NC410 a fusion protein of LAIR-2, a fusion protein that, in combination with pembrolizumab, demonstrated early evidence of clinical activity in colorectal (CRC) and ovarian cancers, and LNCB74, an ADC that is directed to B7-H4, a clinically validated cancer target. The company is also seeking a partner for its other clinical programs such as NC525 and NC318 and its preclinical non-oncology programs NC605, for chronic bone diseases, and NC181, for Alzheimer's disease.

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Shares of Amtech Systems, Inc.  (NASDAQ: ASYS) shares fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter sales results and issued first-quarter sales guidance below estimates.

Why Amtech Systems Shares Are Trading Higher By Over 30%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

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U.S. stocks traded higher this morning, following the release of economic reports on Thursday.

Following the market opening Thursday, the Dow traded up 0.24% to 37,180.82 while the NASDAQ rose 0.60% to 14,822.95. The S&amp;P 500 also rose, gaining, 0.50% to 4,730.68.

US Stocks Higher; Initial Jobless Claims Fall To 202,000

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NextCure, LegoChem Biosciences Ink Collaborative Pact For Antibody Drug Conjugates

NextCure Inc

Tesla Inc. CEO Elon Musk ridiculed the <a href="https://www.benzinga.com/news/24/04/38341107/whats-going-on-with-nvidias-stock">sharp 10% decline</a> in Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock and its subsequent $211 billion market capitalization loss on Friday.
What Happened: Musk took to X, formerly Twitter, on Friday to mock the substantial decline in Nvidia's market capitalization. He referred to the 10% decline as &#8220;rookie numbers."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rookie numbers
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781479341366362115?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
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On Friday, Nvidia&#8217;s stock took a significant hit, resulting in a $211 billion loss in market capitalization. This was the second-largest single-day loss in the history of the U.S. stock market.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38314733/teslas-autonomous-driving-efforts-win-praise-from-goldman-sachs-wall-street-firm-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Autonomous Driving Efforts Win Praise From Goldman Sachs</a>
Overall, the Magnificent 7 group of stocks, which includes Apple Inc., Alphabet Inc.'s Google, Microsoft Corp., Meta Platforms Inc., Amazon.com Inc., Tesla and Nvidia together witnessed a record $950 billion loss of market capitalization in the last week, according <a href="https://www.marketwatch.com/story/nvidias-stock-plunge-leads-magnificent-seven-to-record-weekly-market-cap-loss-8e0a55f7">to</a> MarketWatch.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The decline in Nvidia&#8217;s stock value has had a significant impact on the market.
The tech-heavy Nasdaq 100 index <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">experienced its worst day</a> since late 2023, and the worst week since late 2022, with a 2.1% drop on Friday. This marked the fourth consecutive week of declines, a negative streak not seen since May 2022.
On a weekly basis, the Nasdaq 100, which is closely tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tumbled 5.3%, marking its worst performance since October 2022. The downturn on Friday further exacerbated the already pessimistic sentiment surrounding U.S. tech stocks.
Nvidia&#8217;s stock decline was attributed to a series of events, including worse-than-expected earnings from <a href="https://www.benzinga.com/news/earnings/24/04/38341107/whats-going-on-with-nvidias-stock">ASML Holdings N.V.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and a reduced outlook for the chip market by <a href="https://www.benzinga.com/news/earnings/24/04/38341107/whats-going-on-with-nvidias-stock">Taiwan Semiconductor Manufacturing Company Ltd.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Despite the stock decline, <a href="https://www.benzinga.com/news/24/04/38320056/whats-going-on-with-apple-supplier-taiwan-semi-stock-on-thursday">TSM&#8217;s revenue surged 16.5%</a> to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion. This was attributed to robust demand from artificial intelligence firms.
Other companies in the semiconductor sector, such as Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), also experienced stock declines on Friday, further adding to the overall negative sentiment in the market.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38334831/think-trading-in-your-iphone-helps-keep-planet-green-turns-out-there-are-plenty-of-dirty-secrets-rep">Think Trading In Your iPhone Helps Keep Planet Green? Turns Out There Are Plenty Of Dirty Secrets, Report Reveals</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image created via photos on Shutterstock

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ASML

NVDA

SMCI

Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: 'Rookie Numbers'

House Oversight Committee Chair James Comer (R-Ky.) has publicly opposed the <a href="https://www.benzinga.com/news/24/04/38327855/marjorie-taylor-greene-says-mike-johnson-has-turned-into-a-mini-tyrant-we-need-a-new-speaker">motion to vacate Speaker</a> Mike Johnson (R-La.) filed by Rep. Marjorie Taylor Greene (R-Ga.).
What Happened: Comer criticized Greene&#8217;s motion to remove Johnson, stating that it is &#8220;not the right business model&#8221; in an <a href="https://www.foxnews.com/video/6351261923112">interview</a> with Fox News on Friday
Comer acknowledged the challenges Johnson has faced and the <a href="https://www.benzinga.com/news/24/04/38084745/marjorie-taylor-greene-brands-mike-johnson-a-democrat-comparable-to-nancy-pelosi-literally-turned-in">increasing pressure from Greene</a> due to his efforts to provide additional aid to Ukraine. Despite this, Comer believes that changing Speakers is not the solution.
"It's gotten a lot worse since he's been here. But changing Speakers is not the right business model."
Greene&#8217;s motion, filed in late March, has garnered support from at least three GOP co-sponsors. Greene has been vocal about her <a href="https://www.benzinga.com/news/24/04/38017280/marjorie-taylor-greene-and-mike-johnson-to-hold-discussion-next-week-following-text-interaction-shes">dissatisfaction with Johnson&#8217;s leadership,</a> particularly regarding the provision of additional aid to Ukraine.
See Also: <a href="https://www.benzinga.com/news/24/04/38341107/whats-going-on-with-nvidias-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Nvidia&#8217;s Stock?</a>
Comer, however, expressed his support for Johnson, suggesting that he should remain Speaker at least until the end of the current session. He also criticized the motion to vacate that led to the ousting of former Speaker Kevin McCarthy (R-Calif.) last year, calling it a &#8220;mistake.&#8221;
Why It Matters: Comer&#8217;s comments come amid growing discontent within the Republican Party over Johnson&#8217;s leadership. Greene has been vocal about her intentions to remove Johnson from his position, citing his efforts to provide additional aid to Ukraine as a primary reason. Despite her efforts, Johnson has received <a href="https://www.benzinga.com/news/24/04/38237873/marjorie-taylor-greene-isnt-backing-down-on-criticism-of-house-speaker-despite-donald-trumps-efforts">backing from former President Donald Trump</a>, who has expressed his support for the Speaker.
Greene&#8217;s motion to vacate was further supported by Rep. Thomas Massie (R-Ky.), who publicly endorsed <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">Greene&#8217;s efforts to remove Johnson.</a>
Johnson has also faced criticism from conservatives for the lack of border security provisions in his latest foreign aid proposal. He <a href="https://www.benzinga.com/news/24/04/38305637/mike-johnson-on-border-criticism-some-of-my-colleagues-want-the-speaker-of-the-house-to-have-a-magic">attributed the lack of action to Senate and White House Democrats</a>, stating that some of his colleagues want the Speaker of the House to have a &#8220;magic wand.&#8221;
Read Next: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Politics

James Comer Slams Marjorie Taylor Greene's Motion To Oust Mike Johnson: 'It's Gotten A Lot Worse...But Changing Speakers Is Not The Right Business Model'

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has gone back to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36674199/teslas-price-cut-puzzle-will-discounts-drive-demand-or-train-customers-to-wait-for-">a strategy that has been widely criticized as one of the main reason</a>s for the electric vehicle maker&#8217;s current predicament. Late Friday, the company took down the price of its Model S, X and Y prices in the U.S.
What Happened: Updated pricing available on Tesla&#8217;s website showed that the prices of the dual-motor all-wheel drive Model S and the trimotor all-wheel drive Model S Plaid have been reduced by $2,000.
The changes are as follows:
<ul>
<li>Model S: $72,990 ( down 2.7% from $74,990 previously)</li>
<li>Model S Plaid: $87,990 (down 2.2% from $89,990 previously)</li>
<li>Model X: $77,990&#x2A; ( down 2.6% from $75,990 previously)</li>
<li>Model X Plaid: $92,990 (down 2.2% from $90,990 previously)</li>
<li>Model Y rear-wheel drive: $42,990&#x2A; (down 4.5% from $44,990 previously)</li>
<li>Model Y dual-motor AWD, Long Range: $47,990&#x2A; (down 4.0% from $49,990 previously)</li>
<li>Model Y dual-motor AWD, Performance: $51,490&#x2A; (down 3.7% from $53,490 previously)</li>
</ul>
&#x2A;not including the $7,500 EV federal tax credit
The previous prices were sourced from information provided by Tesla influencer Sawyer Merritt in a post on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Tesla has dropped all Model S trim prices in the U.S. by $2,000. • Model S Long Range: $72,990 (from $74,990) • Model S Plaid: $87,990 (from $89,990) <a href="https://t.co/TimfsaJDQ2">pic.twitter.com/TimfsaJDQ2</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1781512353722314915?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
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Merritt also noted that Tesla has ended its referral program in the U.S. on April 30. &#8220;Qualifying referral orders placed by April 30, 2024, will continue to earn benefits upon delivery. Credits will still be redeemable until they expire,&#8221; the company apparently said in a communication to users. Earlier, Tesla Drive Canada <a href="https://driveteslacanada.ca/news/tesla-ending-referral-program-in-some-countries/">reported </a>about referral program expiry in select countries such as Australia, New Zealand, and South Korea.
See Also:&nbsp;<a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" target="_blank" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Why It&#8217;s Important: Tesla typically announces price cuts late Thursday and the fact that it has pushed it back until after the market close suggests the company is wary of the announcement creating volatility in the stock.
Tesla shares ended down for a sixth straight session on Friday and the losing streak resulted in a cumulative loss of about 16%. 
Tesla bulls and bears have been highly critical of the company&#8217;s price-cutting strategy, given the past results of the action. The multiple EV price cuts the company has announced since late 2022 in China and from the beginning of 2023 in the rest of the geographies have not served to lift volume. In the first quarter, deliveries declined year-over-year for the first time since the COVID-19-hit 2020-second quarter. This has given rise to fears that the company may be staring at a negative volume growth for 2024.
The core auto gross margin has suffered due to the price cuts and the action has also served to impact the EV industry as a whole, as the rest of the companies are forced to either follow suit and take a beating to their bottom line or stay pat and risk erosion in their market share.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
The price cuts culminate an event-filled week for Tesla as it announced a round of massive layoffs, including a couple of high-profile executives, and doubts about its sub-$30K EV plans intensified. 
Tesla is scheduled to report its first-quarter results on Tuesday, with analysts, on average, estimating earnings per share of 51 cents and revenue of $22.34 billion, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>This compares to the year-ago&#8217;s 85 cents per share and $23.33 billion, respectively.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38332930/management-expert-warns-elon-musk-faces-ceo-overload-after-tesla-layoffs-reportedly-leave-him-ov">Management Expert Warns Elon Musk Faces &#8216;CEO Overload&#8217; After Tesla Layoffs Reportedly Leave Him Overseeing 35 Key Personnel</a>
Image Created Via Midjourney

TSLA

Tesla Slashes Model S, X And Y Prices In US By $2,000 In Late-Friday Move As Volume Growth Turns Negative

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38331688/peter-schiff-slams-bitcoin-for-not-being-the-safe-haven-asset-its-promoted-to-be-af">recent market dip</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a significant increase in the holdings of large investors, commonly referred to as &#8220;whales,&#8221; who collectively added over $1.2 billion worth of BTC to their portfolios.
What Happened: On Friday, as the price of Bitcoin dropped below $60,000, large investors increased their holdings by 19,760 BTC, equivalent to $1.2 billion, according to a report by <a href="https://www.coindesk.com/markets/2024/04/19/bitcoin-whales-bought-12b-btc-amid-the-price-dip-fueling-the-quick-rebound/">CoinDesk</a>, citing data from IntoTheBlock.
This move is seen as a significant shift in the behavior of these influential market players.
"Bitcoin whales may have finally started buying the dip," said IntoTheBlock.
These large investors, who control substantial amounts of the digital asset, are often considered to be well-informed and their actions can have a considerable impact on the market.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321897/dogecoin-shiba-inu-and-who-else-how-meme-coins-have-evolved-since-the-last-bitcoin-halving?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu And Who Else? How Meme Coins Have Evolved Since The Last Bitcoin Halving</a>
Their recent purchases may have contributed to Bitcoin&#8217;s rapid recovery from its overnight low of $59,600 to around $65,000. The cryptocurrency is currently trading at approximately $64,000, marking a 1% increase over the past 24 hours.
"Historically, accumulations by these addresses have often preceded rises in Bitcoin&#8217;s price."
Bitcoin, the largest cryptocurrency by market capitalization, has been experiencing a period of consolidation following record-breaking prices last month.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin whales may have finally started buying the dip&#x1f447; Yesterday, the biggest Bitcoin holders, holding over 0.1% of the total supply, collectively added 19,760 Bitcoins to their holdings at an average price of $62.5k. Historically, accumulations by these addresses have often… <a href="https://t.co/c8K5uhkna4">pic.twitter.com/c8K5uhkna4</a>
&mdash; IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1781263617528045852?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
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Why It Matters: The recent behavior of Bitcoin whales is significant as it indicates a shift in market sentiment. This comes at a time when a new report has shed light on the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38317307/bitcoin-halving-will-institutions-and-smart-money-upend-past-price-rallies">role of institutions</a> and &#8220;smart money&#8221; in influencing Bitcoin&#8217;s price action.
Despite concerns about potential price volatility, Bitcoin has <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38340794/bitcoin-in-the-danger-zone-is-a-20-price-crash-imminent">held strong</a> following the fourth halving event, which saw miner rewards reduced from 6.25 BTC to 3.125 BTC.
Price Action: At the time of writing, Bitcoin was hovering at $63,694, reflecting a 0.1% increase in the last hour and a 5.9% increase in the last 24 hours, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306270/dogecoin-could-make-elon-musks-fate-loves-irony-comment-come-true-if-it-flips-ethereums-ma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Make Elon Musk&#8217;s &#8216;Fate Loves Irony&#8217; Comment Come True If It Flips Ethereum&#8217;s Market Cap</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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Cryptocurrency

$BTC

Bitcoin Whales Scoop Up $1.2B Worth Of BTC During Market Dip: Is Potential Rally For King Crypto On The Cards?

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump to delay payment of a larger monetary damage award in his <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37203878/peter-schiffs-theory-on-trump-ny-civil-fraud-case-ruling-attempt-to-scare-other-bus">civil fraud </a>case.
What Happened: The New York attorney general&#8217;s office has filed a request with a judge to nullify the <a href="https://www.benzinga.com/news/24/04/38037983/trump-clears-175m-bond-in-new-york-fraud-case-avoiding-potential-asset-seizures">$175 million bond</a> that Trump secured, arguing that the former president and his co-defendants failed to prove the surety used to obtain the bond has the money to back it, <a href="https://thehill.com/regulation/court-battles/4606053-ny-ag-trump-civil-fraud-judge-declare-175m-bond-without-effect/">The Hill</a> reported. 
The bond was secured by the California-based Knight Specialty Insurance Company. The state lawyers contended that Knight is a &#8220;small insurer that is not authorized to write business in New York&#8221; and had &#8220;never before written a surety bond in New York&#8221; until Trump.
The company&#8217;s total policyholder surplus is just $138 million, and under New York state law, companies like Knight can&#8217;t expose themselves to liabilities greater than 10% of their surplus.
See Also: <a href="https://www.benzinga.com/news/24/04/38305609/teary-biden-slams-trump-for-remarks-on-service-members-who-the-hell-does-he-think-he-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Teary Biden Slams Trump For Remarks On Service Members: &#8216;Who The Hell Does He Think He Is?&#8217;</a>
Why It Matters: The civil fraud case against Trump and his organization was initiated by the New York Attorney General. The case alleges that Trump and his organization <a href="https://www.benzinga.com/news/24/04/38103939/letitia-james-raises-questions-legitimacy-of-trumps-175m-bond-ex-presidents-attorney-says-another-wi">manipulated the value of assets</a> to obtain loans and tax benefits.
The judge is expected to address the issues raised by the attorney general&#8217;s office in a hearing on Monday, which will run parallel to the opening statements in Trump&#8217;s New York criminal trial.
These developments come amid a series of dramatic events surrounding Trump&#8217;s legal proceedings. On Friday, a <a href="https://www.benzinga.com/general/politics/24/04/38342704/protester-sets-self-on-fire-outside-trump-hush-money-trial-jury-selection-concludes-before-monda">protester set themselves on fire</a> outside the courtroom where Trump&#8217;s hush money trial was being held. This incident briefly interrupted the jury selection process.
Donald Trump is currently <a href="https://www.benzinga.com/news/23/03/31392130/trump-camp-slams-stormy-daniels-case-as-witch-hunt-by-radical-left-democrat-prosecutor" target="_blank" rel="noreferrer noopener">dealing with legal challenges</a> on both federal and state levels, across different places like New York City, Washington, Atlanta, Florida, and Georgia. Despite the allegations, he continues to assert his innocence, describing the cases as a &#8220;witch hunt.&#8221;
<a href="https://www.realclearpolitics.com/" target="_blank" rel="noreferrer noopener">According</a> to Real Clear Politics, at the national level, Trump held 44.6% support among voters, While Biden trailed with 44.2% support.
Read Next: <a href="https://www.benzinga.com/news/24/04/38305694/former-trump-attorney-says-very-unusual-to-have-lawyers-on-the-jury-they-can-be-a-very-strong-voice?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Attorney Says &#8216;Very Unusual&#8217; To Have Lawyers On The Jury: &#8216;They Can Be A Very Strong Voice&#8217;</a>
Photo courtesy: Shutterstock

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

Renowned crypto skeptic Peter Schiff took to X, formerly Twitter, to mock "Bitcoiners" after the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38345043/bitcoin-shrugs-off-fourth-halving-miner-rewards-halved-price-holds-strong">recent halving event</a>, suggesting that the "hodlers" will soon experience a halving of their net worth.
What Happened: Schiff sarcastically congratulated Bitcoin holders and asked if they were "throwing parties" to celebrate the halving event.
"Congratulations Bitcoiners on the Halving. Are you guys commemorating this occasion by throwing parties tonight? I haven&#8217;t been invited to any."
Bitcoin halving has taken place, with the 840,000th block having been mined. The mining reward has now been reduced to 3.125 BTC per block, compared to 6.25 BTC previously.
Bitcoin halving takes place every 210,000 blocks, and there are 21 million blocks in total. It is expected that this limit will be reached in 2040.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299089/trump-related-maga-memecoin-onboards-roger-stone-as-partner?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Related MAGA Memecoin Onboards Roger Stone As Partner</a>
While the halving event has reduced rewards for miners, Schiff mocked those holding the King Crypto.
"I think halving is an appropriate name for what&#8217;s happening as soon Bitcoin HODLers will experience a halving of their net worths."
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="581" height="259" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1.jpg" alt="" class="wp-image-300797" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1.jpg 581w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19213002/Peter-Schiff-1-300x134.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></figure>
Why It Matters: The post comes after the completion of the fourth Bitcoin halving event, which occurred after the 840,000th block was mined. This event, which happens approximately every four years, is <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38341469/happy-bitcoin-halving-day-what-experts-predict-happens-next">designed to manage scarcity</a> and regulate the inflationary supply of Bitcoin.
This process effectively slows down the rate at which new Bitcoin is created. The last three halvings occurred in 2012, 2016, and 2020, leading to significant drops in mining rewards over time.
Some analysts have warned of <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38340794/bitcoin-in-the-danger-zone-is-a-20-price-crash-imminent">potential price volatility</a> following the halving. Pseudonymous cryptocurrency analyst Rekt Capital, for example, cautioned that the imminent Bitcoin halving may lead to price volatility.
Price Action: At the time of writing, Bitcoin was hovering at $63,600, down 0.1% in the last hour, and up 2.4% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate As Price Recovers</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image: Pete Linforth from Pixabay

Analyst Color

Analyst Ratings

Peter Schiff Mocks 'Bitcoiners' After Halving Event, Asks If They're 'Throwing Parties:' 'Hodlers Will Experience A Halving Of Their Net Worths'

Bitcoin experienced a 1.5% increase over the last 24 hours following the successful completion of the fourth Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">halving event</a>, signifying a notable reduction in miner rewards. The event, which occurs every 210,000 blocks, has seen the reward for mining a block drop from 6.25 BTC to 3.125 BTC.
What Happened: The fourth Bitcoin halving event, a programmed process in the Bitcoin protocol, has taken place after the 840,000th block <a href="https://bitcoinhalving.club/">was</a> mined. This event, which occurs approximately every four years, is designed to manage scarcity and regulate the inflationary supply of Bitcoin.
As a result of the halving, Bitcoin miners will now receive 3.125 BTC per mined block, down from the previous 6.25 BTC. This process effectively slows down the rate at which new Bitcoin is created. The last three halvings occurred in 2012, 2016, and 2020, leading to significant drops in mining rewards over time.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnaround In The Making?</a>
Despite short-term predictions of price volatility within the crypto community, there remains optimism about the long-term potential of Bitcoin&#8217;s price. Billionaire investor Tim Draper believes that the halving is going to help push Bitcoin's price up to "$250,000 or more," a forecast he has consistently proclaimed, particularly in 2022.
&#8220;The Bitcoin halving is a pivotal event that historically signals a shift in the market, usually initiating a bullish trend over the following months. As we approached the fourth halving, the anticipation built, suggesting a continued—if slightly more subdued—upward trajectory,&#8221; M2 CEO Stefan Kimmel <a href="https://cointelegraph.com/news/bitcoin-halving-2024-completion-confirmed">told</a> Cointelegraph.
Why It Matters: Cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38342981/bitcoin-ethereum-dogecoin-pick-up-steam-the-pre-halving-week-in-retrospect">markets surged on Friday</a>, with a 47.5% spike in total crypto liquidations reaching $258.7 million and a more than double increase in total exchange inflows, as investors eagerly awaited the <a href="https://www.benzinga.com/topic/bitcoin-halving" target="_blank" rel="noreferrer noopener">Bitcoin Halving</a>.
The global cryptocurrency market cap now stands at 2.35 trillion, up 4.7% in the past 24 hours. In the same period, 84,226 traders were liquidated, with total liquidations amounting to $257.93 million, on late Friday. 
Price Action: At the time of writing BTC was trading at $63,914, gaining 0.7% in minutes after halving, according to <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293168/macro-guru-raoul-pal-says-80-of-his-crypto-investment-is-in-this-ethereum-rival-and-i-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says 80% Of His Crypto Investment Is In This Ethereum Rival: &#8216;And I Have 1% In Stupid S&#x2A;&#x2A;t Like Dogwifhat, Dogecoin And Bonk&#8217;</a>
Photo courtesy: Shutterstock

Bitcoin Shrugs Off Fourth Halving: Miner Rewards Halved, Price Holds Strong

SMFL

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

As 4/20 is upons us, <a href="https://www.benzinga.com/topic/weedmaps">Weedmaps </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) has provided valuable insights to forecast a significant sales boost for the industry and a widespread celebration of marijuana. The data, derived from big data analysis of user activities on the platform, indicates that the previous year&#8217;s 4/20 was highly successful, with Weedmaps experiencing a twofold increase in normal operations.
<h2 class="wp-block-heading">Big Data, Big Deals</h2>
Weedmaps pointed out that consumers are prioritizing value, as the platform registered a 200% surge in orders that redeem deals through the platform during 4/20 week of 2023 compared to 2022.&nbsp;
Furthermore, the platform has observed a rising trend in usage, with deal claims increasing by 100% over 2022. This uptick is likely motivated by price reductions, as the costs for flowers, vape pens, and edibles have continued to decrease for the second consecutive year, showing declines of 15%, 14%, and 17% when compared to 2021.
Weemaps also shared that consumers will probably be expending even more in goods than years before, since the average order value surged to $96.22 in 2023, a 14% increase compared to an average Thursday in April of 2023. This is despite deflation.
Additionally, the quantity of orders expanded by an average of 25% in terms of items per basket on 4/20 of last year, in comparison to 2022.
<h2 class="wp-block-heading">Category Insights</h2>
<ul>
<li>During the 4/20 retail week of 2023, vape pens witnessed a 29% growth over 2022, and an impressive 126% increase compared to 2020, with the largest demographic being Gen Z (31%).</li>
</ul>
<ul>
<li>Edibles are predominantly favored by consumers aged 50 and above, accounting for nearly half of all edible sales. The edibles category saw a 36% rise in orders during the 4/20 week of 2023 compared to the previous year.</li>
</ul>
<ul>
<li>Cannabis flower remains the top choice across all age groups, with nearly half of all orders on 4/20 in 2023 falling into this category. Remarkably, sales of flowers through Weedmaps surged by 47% on 4/20 compared to the prior year, and this growth expanded to 202% when compared to 4/20 in 2020.</li>
</ul>

Cannabis

MAPS

Unparalleled 4/20: Weedmaps Unveils Consumer Trends Ahead Of Cannabis Industry's Biggest Holiday

As you may have heard, cannabis consumption among older folks is on the rise. More specifically, seniors are one of the fastest-growing groups of <a href="https://www.benzinga.com/cannabis">cannabis users in the U.S. </a>
As it turns out, many older adults have been consuming weed for decades and new ones are joining in on the fun. Cannabis consumption among our parents and grandparents has quadrupled in the past eight years.
Study after study suggests that older adults are using cannabis to remedy an array of conditions such as sleep issues, pain,&nbsp;inflammation and to activate their appetites. 
But most consume because they still enjoy getting high.
"Sure, I sleep better with cannabis and topical creams alleviate my knee pain, but that's all new. I've been smoking pot for the past four decades and I see no reason to stop getting high," said Cynthia P who recently retired as an ER nurse in Ohio where recreational marijuana <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">became legal</a> last November.
Scientists and researchers are wisely becoming interested in this Baby Boomer demographic of 77 million, many of whom are healthy, economically stable and have no plans of checking out anytime soon, so they say.
One particular<a href="https://www.frontiersin.org/articles/10.3389/fnagi.2022.804890/full" target="_blank" rel="noreferrer noopener">&nbsp;study</a>,&nbsp;that examined marijuana use in adults aged&nbsp;60 to 88 found that&nbsp;whole-plant cannabis did&nbsp;not harm&nbsp;cognition but rather the opposite.&nbsp;Older cannabis users, relative to non-users, had&nbsp;significantly greater neuronal communication between the cerebellum and hippocampus.
Why? Age-related changes in the&nbsp;<a href="https://www.benzinga.com/markets/cannabis/22/07/28272841/the-endocannabinoid-system-101-the-basics-made-easy" target="_blank" rel="noreferrer noopener">endocannabinoid system</a>&nbsp;(ECS) include a decrease in the number of cannabinoid receptors throughout the brain.&nbsp;The ECS,&nbsp;a significant aspect of our human physiology that&nbsp;helps maintain homeostasis,&nbsp;is a complex cell-signaling system in the brain and body that interacts with just about all of our&nbsp;other body systems.&nbsp;
Which means? During normal aging, the decline in cannabinoid receptors correlates with increased levels of inflammation in these brain regions causing a loss of neurons in the hippocampus, which is critical for learning and&nbsp;memory.&nbsp;This, in short, explains age-related memory impairment.&nbsp;&nbsp;
"Oh, I believe that," Cynthia told Benzinga. "While I never consumed for a full shift before going to work, I'm convinced that marijuana has helped keep me and my mind sharp as I aged. I'm not saying it's for everyone, but for people of my generation there's nothing better."
Now Read: <a href="https://www.benzinga.com/markets/cannabis/24/04/38341776/hemp-space-grew-3x-the-rate-of-cannabis-where-did-marijuana-get-it-wrong">Hemp Space Grew 3X The Rate Of Cannabis, Where Did Marijuana Get It Wrong?</a>
Photo: Shutterstock

Exclusives

It's 4/20, Do You Know Where Your Parents Are?

The Detroit Lions finished with one of their best records in years for the 2023 season, which means they will have a lower pick in the<a href="https://www.benzinga.com/nfldraft/"> 2024 NFL Draft.</a>
Would General Manager Brad Holmes consider trading out of the first round with the 2024 NFL Draft taking place in Detroit?
What Happened: Detroit Lions fans might not like the answer given by Holmes to the media on scenarios that could see the Lions trade their 29th overall first-round pick and move back in the <a href="https://www.benzinga.com/nfldraft/detroit-live-events/">2024 NFL Draft.</a>
Holmes was asked about a scenario of trading out of the first round and didn't hesitate to say he will do what is best for the franchise.
"We have to do the right thing for the organization," Holmes said, as <a href="https://www.detroitlions.com/news/holmes-prepared-to-apologize-to-fans-if-lions-trade-out-of-first-round">reported </a>by Lions writer Mike O'Hara.
Holmes said while he would consider trading out of the first round, it's important to note that, with the draft taking place in Detroit, there might be a greater chance of upsetting the fans if he makes such a move.
A trade out of the first round could mean that any Lions fans in attendance Thursday will have spent all day downtown to watch other teams take their players in the draft.
Holmes said he would send out a "PSA and apologize" if he trades out of the first round.
"Hopefully, our fans will forgive us. We won't expect immediate forgiveness right then and there, but hopefully when the season starts."
Detroit was announced as the host city for the NFL Draft back in 2022.
"Another opportunity for our franchise and our city and just for the world to kind of migrate to downtown Detroit," Holmes said earlier this week.
Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/04/38318190/michigan-wolverines-will-have-6-high-demand-players-in-2024-nfl-draft-will-history-repeat-">Michigan Wolverines Will Have 6 High-Demand Players In 2024 NFL Draft: Will History Repeat Itself?</a>
Why It's Important: Holmes is no stranger to trading in the NFL Draft. Since joining as the Lions GM in 2021, Holmes has taken part in several drafts for the team and is known for dealmaking.
This includes the 2023 NFL Draft, which saw the Lions trade their sixth overall pick, acquired from the Los Angeles Rams in the Matthew Stafford trade. The Lions traded the sixth pick to the Arizona Cardinals and received back the 12th, 34th and 168th overall picks.
Lions fans will remember the 2023 Draft saw several impact players taken including running back Jahymyr Gibbs with the 12th pick and tight end Sam LaPorta with the 34th pick. Both rookies played in the 2023 NFL season and were among the top first-year players, finishing third and fourth, respectively, in NFC offensive rookie of the year voting.
The 12-5 record and appearance in the NFC Championship game gives the Lions the 29th overall pick, one of their lowest earned in years.
The Lions also have the 61st overall pick and 73rd, but have only those three picks in the first four rounds, with no fourth-round pick this year. This could prompt Holmes to be open to trades to pick up additional picks. The Lions also have a fifth-round pick, two sixth-round picks and a seventh-round pick, for seven overall picks.
In the 2023 NFL Draft, the Lions had eight picks, including two first-round picks and two second-round picks.
The Lions have had a first round pick in every season since 1994, with 1993 being the last year they didn't select a player in the first round.
The Lions&#8217; top needs by position include cornerback, offensive line and wide receiver. The Lions last took a wide receiver in the first round of 2022 (Jameson Williams) and a cornerback in the first round of 2020 (Jeff Okudah). For the offensive line, the Lions last took a guard or center in the first round in 2018 with Frank Ragnow, and last took an offensive tackle in the first round in 2021 with Penei Sewell. Of these four players, three are still with the Lions.
Join Benzinga's live draft reaction show Thursday, April 25 to hear our instant thought on who the Lions take 29th overall or our reaction to the Lions trading out of the first round.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534; LIVE NFL Draft Watch Party: Benzinga&#039;s Expert Analysis &amp; Reactions!" width="500" height="281" src="https://www.youtube.com/embed/XMBqIWZb7h0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo via Shutterstock.

Sports

Detroit Lions Have First-Round Pick Every Year Since 1994: Would They Really Trade Out With Draft In Motor City?

&quot;We are disappointed to announce the wind-down of our Phase 2 NASH trial, which we attribute entirely to resource constraints,&quot; said John Brancaccio, Executive Chairman of Hepion. &quot;The Company remains committed to its strategic alternative efforts previously announced in December 2023. Given the number of enrolled NASH patients to date and the low probability of generating relevant efficacy data to support a registrational trial with our current cash resources, we have opted to wind down the program and assure that patients are transitioned out of the trial in a safe and compliant manner. There were no safety concerns observed for rencofilstat in the ASCEND-NASH trial.&quot;

HEPA

Hepion Pharmaceuticals Says Given The Number Of Enrolled NASH Patients To Date And The Low Probability Of Generating Relevant Efficacy Data To Support A Registrational Trial With Our Current Cash Resources, We Have Opted To Wind Down The Program And Assure That Patients Are Transitioned Out Of The Trial In A Safe And Compliant Manner"

Hepion Pharmaceuticals Shares Resumed Trading

Sen. Elizabeth Warren (D-Mass.) voiced her support for a Department of Justice antitrust case against leading technology company Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which was <a href="https://www.benzinga.com/news/24/03/37905532/apple-slams-dangerous-doj-lawsuit-tim-cooks-iphone-suggestion-returns-to-haunt-and-potential-google">announced last month.</a>
In comments shared on social media, Warren took aim at the smartphone market segment of Apple.
What Happened: Apple is one of the largest smartphone companies in the world and in 2023 had seven of the top 10 selling smartphones globally <a href="https://www.benzinga.com/news/24/02/37245799/apple-dominates-2023-smartphone-list-with-7-of-top-10-models-why-its-important-for-iphone-growth">according to a report.</a>
According to Warren, Apple has a monopoly in the smartphone market and one of the company's key features could be ruining friendships and relationships.
"Green texts on iPhones, they're ruining relationships," Warren <a href="https://twitter.com/SenWarren/status/1781086997014040759">said </a>in a video posted on X.
The green texts refer to the texts that come from non-Apple phones in green bubbles versus the blue bubbles displayed by iPhone users.
"Non iPhone users everywhere are being excluded from group texts."
Warren said that this means some non-Apple smartphone users are not being included in chats about vacation plans, group chats or chats with other sports fans.
"And who's to blame here? Apple."
Warren said that the green vs. blue bubble text icons are just one example of the dirty tactics used by Apple to "keep a stranglehold on the smartphone market."
"Apple has used its monopoly on the smartphone to lock Americans into services and amass billions of dollars in profits."
Warren mentioned that apps that would let Google users use iMessage and get blue texts were <a href="https://www.benzinga.com/news/23/12/36165068/apple-pulls-plug-on-imessage-for-android-app-beeper-mini-its-back-to-green-bubbles-now-for-android-u">blocked by Apple.</a>
"It's time to break up Apple's monopoly now."
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37876155/apple-doj-lawsuit-could-challenge-core-business-model-leading-analyst-predicts-what">Apple DOJ Lawsuit Could Challenge &#8216;Core Business Model&#8217;: Leading Analyst Predicts What&#8217;s Next For Tech Giant</a>
Why It's Important: The video shared by Warren was Community Noted on X, with readers providing more context.
"As of Jan 2024, iPhone has a 57% market share, to Android 42% in North America. A monopoly is exclusive control, or no close substitutes," the note reads.
In March, the Department of Justice filed an antitrust suit against Apple, which includes allegations that the company restricts access to iPhone hardware and software features.
A <a href="https://9to5mac.com/2024/04/19/elizabeth-warren-on-green-texts/">report </a>from 9to5Mac indicates that the antitrust lawsuit now encompasses claims from non-iPhone users who feel socially stigmatized and excluded in chats with iPhone users. This issue stems from the ongoing<a href="https://www.benzinga.com/news/23/09/34818276/get-the-message-google-roasts-apple-with-new-mocking-ipager-add-to-end-green-vs-blue-text-bubbles-wa"> blue vs. green bubble text debate.</a>
AAPL Price Action: Apple shares closed at $165.00 on Friday, versus a 52-week trading range of $162.80 to $199.62.
Read Next:<a href="https://www.benzinga.com/general/politics/24/04/38305131/elizabeth-warren-says-trump-had-only-2-accomplishments-as-president-huge-difference-between-bide"> Elizabeth Warren Says Trump Had Only 2 Accomplishments As President: &#8216;Huge Difference Between&#8217; Biden, Trump</a>
Photo: Shutterstock

Legal

AAPL

Elizabeth Warren Attacks Apple Smartphone 'Monopoly': 'Green Texts On iPhones, They're Ruining Relationships'

Trading Halt: Halt status updated at 4:55:00 PM ET: Quotation Resumption: News and Resumption Times

Management

AFJK

On April 15, Aimei Health Technology's Juan Fernandez Pascual Tendered His Resignation As CEO, Secretary And A Director; Co Appointed Junheng Xie As CEO, Secretary And A Director

Honda Exec Says Company To Invest 4.2B Reais In Brazil Plant, Focusing On Hybrid-Flex Vehicles

COSM

Cosmos Health Received Nasdaq Notice On Late Filing Of Its Form 10-K; On April 17 Received Notification Letter Stating Co Is No Longer In Compliance With Nasdaq Listing Rule 5250(c)(1); Intends To Resolve Deficiency And Regain Compliance With Nasdaq Listing Rules

BTOG

On Feb 19, Bit Origin Ltd Terminated Employment Of Its CFO, Xia Wang; On April 10, Lucas Wang Resigned As CEO And Chairman Of Board; Current COO, Has Been Appointed CEO, Chairman Of Board And A Director Of Co; Co To Conduct A Search To Replace Xia Wang As Company's CFO

Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.
Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 56 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 25 are puts, for a total amount of $1,473,153 and 31, calls, for a total amount of $2,469,435.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $1040.0 for ServiceNow over the last 3 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 ServiceNow'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 ServiceNow's whale trades within a strike price range from $300.0 to $1040.0 in the last 30 days. 
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713559550_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$108.8</td>
<td>$106.7</td>
<td>$108.8</td>
<td>$700.00</td>
<td>$598.4K</td>
<td style="text-align: right;">142</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$37.0</td>
<td>$31.7</td>
<td>$36.5</td>
<td>$500.00</td>
<td>$310.2K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$39.1</td>
<td>$36.7</td>
<td>$39.1</td>
<td>$700.00</td>
<td>$293.2K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$32.8</td>
<td>$32.1</td>
<td>$32.1</td>
<td>$720.00</td>
<td>$227.9K</td>
<td style="text-align: right;">75</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$33.0</td>
<td>$31.9</td>
<td>$33.0</td>
<td>$800.00</td>
<td>$132.0K</td>
<td style="text-align: right;">131</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Trading volume stands at 1,536,830, with NOW's price down by -2.39%, positioned at $713.91.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 5 days.</li>
</ul>
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 ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On ServiceNow

The 28 rating InvestorsObserver gives to NextCure Inc (NXTC)  stock puts it near the top of the Healthcare sector.In addition to scoring higher than 77 percent of stocks in the Healthcare sector, NXTCâ€&#x2122;s 28 overall rating means the stock scores better than 28 of all stocks. NXTC has an Overall Score of 28. Find out what thi

Will NextCure Inc (NXTC) Stay at the Top of the Healthcare Sector?

These Healthcare stocks are trading higher:-X4 Pharmaceuticals Inc (XFOR) stock is trading at $1.24, an increase of $0.22, or 21.08%, on high volume.  X4 Pharmaceuticals Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $3.26.  -

Healthcare Stocks on the Move Thursday: XFOR, CMAX, CDIO, NXTC, APYX, WORX, VINC, EXAI

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Femasys (FEMY – Research Report) and NextCure (NXTC ...

Analysts Offer Insights on Healthcare Companies: Femasys (FEMY) and NextCure (NXTC)

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NextCure (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxtc-stock-quote/">NXTC</a>) just reported results for the fourth quarter of 2023.<ul><li>NextCure reported earnings per share of -52 cents. This was above the analyst estimate for EPS of -54 cents.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/nxtc-stock-earnings-nextcure-for-q4-of-2023/">NXTC Stock Earnings: NextCure Beats EPS for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

NXTC Stock Earnings: NextCure Beats EPS for Q4 2023

H.C. Wainwright analyst Emily Bodnar maintained a Buy rating on NextCure (NXTC – Research Report) today and set a price target of $8.00. Emily Bodn...

Promising Clinical Trial Results for NextCure's NC410 Bolster Buy Rating

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The bullish sentiment in the market is leading some investors to look at risk-on assets. Bitcoin may be an option, but for investors who prefer to stay in stocks, it may be time to look for some of the analysts&rsquo; favorite <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>. &nbsp;



The equity markets liked what they heard from Federal Reserve Chair Jerome Powell at the end of the Fed&rsquo;s March meeting. While an exact date was not given, investors got confirmation that the Fed still plans up to three interest rate cuts this year. &nbsp;



That is allowing investors to step on the gas in a hunt for growth. Penny stocks become popular at times like this because these stocks typically have small market caps which tend to lead the way as investors move away from the safety of <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a>. &nbsp;



This is still a risky sector, but analysts have designed these seven companies as some of their favorite penny stocks. While they may not receive much analyst coverage, the analysts that cover them are decidely bullish. &nbsp;



<h2>Petco Health and Wellness (WOOF)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/woof-stock-1-300x169.jpg" alt="The front of a Petco (WOOF) store in Los Angeles, California."><div>Source: Walter Cicchetti / Shutterstock.com</div></div>Petco Health and Wellness (NASDAQ:<a href="https://investorplace.com/stock-quotes/woof-stock-quote/">WOOF</a>) stock is down more than 80% in the last 12 months. However, this may be a situation where analysts believe the only way to go is up. &nbsp;



The company is going through a change in the C-suite with R. Michael Mohan, formerly of Best Buy (NYSE:<a href="https://investorplace.com/stock-quotes/bby-stock-quote/">BBY</a>) replacing outgoing chief executive officer (CEO) Ron Coughlin. The move comes at a time when Petco is trying to reinvent itself as a company. &nbsp;



There&rsquo;s little doubt that pet owners are willing to spend on their pets. The problem is that this is a crowded sector with several established competitors like Chewy (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/">CHWY</a>) that have a well-established e-commerce niche. &nbsp;



To deal with that Petco is moving more aggressively into the health and wellness sector. This includes a <a href="https://investorplace.com/2024/03/to-the-moon-and-beyond-7-stocks-with-cosmic-potential/" target="_blank">partnership with Nationwide</a> to provide pet insurance.&nbsp;



Twelve analysts have issued a price target on WOOF stock. The consensus price of $2.95 is 49% higher than the stock&rsquo;s price as of March 21, 2024. And out of 14 analysts that offer a rating, <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NASDAQ%3AWOOF&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NASDAQ%3AWOOF" target="_blank">4 give it a Strong Buy</a>. &nbsp;



<h2>Granite Point Mortgage Trust (GPMT)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/reit-1600-300x169.png" alt="REITs to buy Real estate investment trust REIT on an office desk."><div>Source: Vitalii Vodolazskyi / Shutterstock</div></div>Granite Point Mortgage Trust (NYSE:<a href="https://investorplace.com/stock-quotes/gpmt-stock-quote/">GPMT</a>) is a registered real estate investment trust (<a href="https://investorplace.com/stock-quotes/reit-stock-quote/">REIT</a>) specializing in commercial real estate financing in Manhattan. GPMT stock is down 78% in the last five years, but every stock chart tells a story and there&rsquo;s more context in play here. 



Since falling to a low of $2.67 in April 2020, GPMT stock is up 84%. In that time the company has paid off $275 million in convertible bond maturities and bought back approximately two million shares. &nbsp;



More significantly, as is the case with REITs, the company continues to issue a dividend that currently yields 16.23% with a payout of 80 cents per share so investors who own $10,000 of GPMT stock will receive $6,490 in passive income annually. &nbsp;



On March 20, UBS Group reiterated its Buy rating on GPMT stock and lowered its price target from $6.50 to $6.00. However, that price target is still more than 20% higher than the stock&rsquo;s closing price of $4.93 on March 21, 2024. &nbsp;



<h2>NextCure (NXTC)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/pill-bottle-biopharma-biotech-1600-300x169.jpg" alt="Brown glass pill bottle on its side showing white pills inside, with other pill bottles behind it representing MACK stock."><div>Source: shutterstock.com/Champhei</div></div>If you&rsquo;re looking for some favorite penny stocks, you&rsquo;ll probably find a few biopharmaceutical stocks. That&rsquo;s the case with NextCure (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxtc-stock-quote/">NXTC</a>). This is a pre-revenue company that most recently made news in December 2023. At that time the company announced that it was prioritizing LNCB74, the company&rsquo;s first antibody drug conjugate (<a href="https://investorplace.com/stock-quotes/adc-stock-quote/">ADC</a>) candidate that NextCure is developing in partnership with LegoChem Biosciences. &nbsp;



Like many clinical-stage biopharma companies, the issue for NextCure is cash. It needs a lot of capital to get its existing candidates through the trial stage and is actively seeking partnerships to do just that. In the meantime, the company is on track to <a href="https://ir.nextcure.com/static-files/a6d95df0-7bdf-414e-bfc2-f3c4c04fbdf4" target="_blank">submit an Investigational New Drug (IND) application for LNCB74</a> by the end of the year.&nbsp;



NXTC stock isn&rsquo;t widely covered by analysts. However, the sentiment is largely bullish. Three analysts give the stock a consensus price target of $4 and <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NASDAQ%3ANXTC&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NASDAQ%3ANXTC" target="_blank">four analysts give the stock a Strong Buy rating</a>. &nbsp;



<h2>DiaMedica Therapeutics (DMAC)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/biopharma-1600-300x169.jpg" alt="a scientist with protective equipment and microscope in a lab, OBSV stock"><div>Source: luchschenF / Shutterstock.com</div></div>DiaMedica Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/dmac-stock-quote/">DMAC</a>) is another clinical-stage biopharmaceutical company that makes this list of favorite penny stocks. The company has a series of drugs at various stages including one in late-stage trials.&nbsp;



The primary concern with DiaMedica as it is with many companies that are still in growth mode is cash burn. It&rsquo;s not that the company would have trouble raising the cash through a share offering, but that would dilute current shareholders. &nbsp;



Still, with biopharmaceutical companies, you have to play the long game. The company&rsquo;s <a href="https://www.diamedica.com/pipeline" target="_blank">lead treatment</a> is for acute ischemic stroke which afflicts over 7.5 million people globally every year. The company&nbsp;also has started trials for&nbsp;its cardio renal disease and severe inflammatory disease candidates.&nbsp;



Three analysts have a Strong Buy rating on the stock. The <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NASDAQ%3ADMAC&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NASDAQ%3ADMAC" target="_blank">consensus price target of $7</a> gives DMAC stock 160% upside. &nbsp;



<h2>TeraWulf (WULF)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/stocks-to-buy-1600-300x169.jpg" alt="Stocks to buy: smartphone with the words &quot;buy&quot; and &quot;sell&quot; displayed on the screen. The user's finger is about to press buy. Stock charts are in the background of the image. Momentum Stocks. S&amp;P 600 Stocks to Buy. breakthrough stocks. Mario Gabbeli stocks"><div>Source: Chompoo Suriyo / Shutterstock.com</div></div>TeraWulf (NASDAQ:<a href="https://investorplace.com/stock-quotes/wulf-stock-quote/">WULF</a>) is a developer, owner, and operator of Bitcoin mining facility sites. It follows then that the company&rsquo;s performance tracks with the resurgence of Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>). As Alex Sirois recently wrote, TeraWulf&rsquo;s claim to fame is &ldquo;as an <a href="https://investorplace.com/2024/02/the-7-best-momentum-stocks-you-can-purchase-today/" target="_blank">environmentally clean Bitcoin miner</a>&rdquo; with 91% of its mined Bitcoin powered by zero-carbon energy sources. &nbsp;



The company released its preliminary full-year 2023 guidance and forecasts revenue of $69 million which is nearly five times better than the $15 million it generated in 2022.&nbsp;



This has allowed the company to improve its fundamentals starting with over <a href="https://investorplace.com/2024/03/3-blockchain-stocks-that-can-turn-100-into-10000-by-2026/" target="_blank">$50 million of debt reduction</a>. The company did not post a profit in the fourth quarter of 2023, but is expected to do so in 2024. &nbsp;



Only four analysts have offered a rating on WULF stock, but <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NASDAQ%3AWULF&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NASDAQ%3AWULF" target="_blank">all four give the company a Strong Buy rating</a> with three analysts having a consensus price target of $3.88, a 62% improvement from the stock&rsquo;s price at the time of this writing. &nbsp;



<h2>Payoneer Global (PAYO)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/payoneer_payo1600-300x169.png" alt="Payoneer editorial. Illustrative photo for news about Payoneer - an American financial services company."><div>Source: photo_gonzo / Shutterstock.com</div></div>At $4.98, Payoneer Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/payo-stock-quote/">PAYO</a>) is almost out of penny stock range. However, it&rsquo;s covered by a surprising number of analysts. All 10 analysts that have offered a rating on PAYO stock give it a Strong Buy rating. &nbsp;



The fintech company offers many services for businesses including cross-border payments. That immediately brought to mind cryptocurrency. Payoneer <a href="https://www.buybitcoinbank.com/cryptocurrency/buy-crypto-payoneer" target="_blank">does not allow users to buy cryptocurrency</a> directly, but they can use Payoneer through one of several approved crypto exchanges. &nbsp;



The company is going to post their first full year of profitability and revenue is increasing on a year-over-year basis. Furthermore, analysts are forecating 54% year-over-year earnings growth in the next 12 montns. The company is likely to be impacted when the Fed lowers interest rates. However, at 22x forward earnings, PAYO looks attractively priced. &nbsp;



<h2>Purple Innovation (PRPL)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/prpl-stock-1600-300x169.jpg" alt="Minimal classic bedroom in purple tones with walk-in closet, double bed with duvet and pillows, side tables with lamps, carpet. Parquet and stucco walls, luxury interior design idea, 3d illustration. PRPL stock"><div>Source: Archi_Viz via Shutterstock</div></div>Purple Innovation (NASDAQ:<a href="https://investorplace.com/stock-quotes/prpl-stock-quote/">PRPL</a>) seemed like an odd choice on a list of favorite penny stocks. Nevertheless, PRPL stock is up 59% through March 21, 2024 and analysts are lining up behind the stock. &nbsp;



In January, the company announced that it had <a href="https://investors.purple.com/press-releases/news-details/2024/Purple-Innovation-Strengthens-Balance-Sheet-Creating-Greater-Financial-Flexibility-to-Execute-Growth-Strategy/default.aspx" target="_blank">restructured its debt</a>. At the time, the company said this would give it the financial flexibility to execute its growth plans. In the company&rsquo;s fourth quarter and full-year 2023 earnings report, it appears that revenue, at least, may be heading in the right direction. &nbsp;



The concern here, as with many penny stocks, is profitability. The company did a brisk business in 2020 and 2021, but those days are long gone. &nbsp;



Purple went public in October 2015. This is the first time the company is dealing with a prolonged time of non-ZIRP monetary policy. Because it heavily relies on a healthy consumer and a robust housing market, it stands to benefit from lower interest rates. Nevertheless, until that time comes, PRPL stock remains a risk, but it may be one worth taking.&nbsp;



On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.&nbsp;
<div>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</div><h3>More From InvestorPlace</h3>
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NextCure Inc (NXTC) is near the top in its industry group according to InvestorsObserver. NXTC gets an overall rating of 93. That means it scores higher than 93 percent of stocks. NextCure Inc gets a 99 rank in the Biotechnology industry. Biotechnology is number 20 out of 148 industries. NXTC has an Overall Score of 93. Fi

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Pyxis Oncology: Data Arriving Later Than Expected, But May Be Worth The Wait

NextCure Inc (NXTC) stock has risen 15.26% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. NextCure Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NXTC!See Full NXTC ReportWhat is Stock Sentiment?Sentiment is a very short-te

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Promising Clinical Outlook for NextCure's Novel ADC LNCB74 Spurs Buy Rating

APYX

CDIO

CHWY

CMAX

EXAI

FEMY

GPMT

PAYO

PRPL

PYXS

VINC

WOOF

WORX

WULF

XFOR

Press Releases

NextCure to Present at the 35th Annual Piper Sandler Healthcare Conference

NextCure Provides Year-End Clinical Pipeline Updates

NextCure Publishes Non-Clinical Data Demonstrating Anti-Siglec-15 Treatment Prevented Bone Loss Due to Immobilization from Acute Spinal Cord Injury

NextCure Presents Preclinical Data on a Novel Therapeutic Candidate Targeting VSTM-1 for the Treatment of Progressive Inflammatory Airway Disorders

NextCure Publishes Preclinical Data Demonstrating Function of FLRT3 as a T Cell Inhibitor in Science Advances

Opinion

Thinking about buying stock in Marathon Digital, Assertio, Ocean Biomedical, Terns Pharmaceuticals, or NextCure?

NextCure Provides Business Update and Reports Full Year 2023 Financial Results

NextCure to Present at 23rd Annual Needham Virtual Healthcare Conference

NextCure Appoints Dr. Rakesh Dixit to Scientific Advisory Board

NextCure and LCB Present Preclinical Data on B7-H4 Antibody Drug Conjugate at AACR 2024