Pingify International (OTC:PGFY) Stock, Quote.Headers.trade-ideas

Pingify International Inc is a development stage. The company is a software technology start-up engaged in the development of computer software solutions. It develops a communication system that allows the user to control the flow of information from any website by requesting only useful and relevant data. The activities are carried out through the region of Canada.

PINGIFY INTERNATIONAL INC by Pingify International Inc.

Pingify International Inc

<a href="https://europeancapitalinsights.substack.com/p/uk-renewables-benefit-after-140-year?r=3nmatg">UK renewable companies</a> will benefit from the closure of the country&#8217;s last coal-fired power plant, ending its 140-year reliance on coal to generate electricity.
The Ratcliffe-on-Soar plant has been operational since 1967. Its closure on September 30 is a milestone in the country's commitment to reaching net-zero emissions by 2050.
The closure comes after British <a href="https://www.gfk.com/press/uk-consumer-confidence-sees-big-fall-in-september-down-seven-points">consumer confidence plummeted in September</a> on concerns about the country's weak economic performance. The UK reported <a href="https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2024">GDP of 0.5% for the second quarter</a> of this year, a revision down from 0.6%.&nbsp;
Britain's energy regulator,<a href="https://www.bbc.com/news/business-58090533"> Ofgem, set an energy price cap</a> at around £1,717 per year, a 10% increase of £149. This was done to alleviate energy price pressures on the British public.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXee2r6X6y6oMT7jU-NKs9x-78pY7-M2I84CxDd5Sh-mkw11b7jWh5r396dcYkyTGiTx71mx60zEnAy6rD4FioQB_7yf2-gJiKZbK9YOVekZR8ID0rvadpab_ccnoBUfDszs6p1Yk8Zr3hfajHMOzMtXhm3P?key=-pElWi2RiOwvDLn_SHZ_Sg" alt="" style="width:624px" /></figure>
Energy prices in the UK, source: Ofgem
UK energy prices have been regulated since 2019 but experienced the worst increase between August 2021 and August 2022. Then wholesale prices rose by more than 500%. Russia's invasion of Ukraine, the closure of Nord Stream 1, and infrastructure issues were the main reasons behind this trend.
&#8220;None of us imagined a future without coal generation in our lifetimes,&#8221; Peter O&#8217;Grady, the plant's manager, <a href="https://www.bbc.com/news/articles/cwy9l57nk0qo">told</a> the BBC. &#8220;I am incredibly proud to be part of this energy milestone as the country focuses on a cleaner energy future.&#8221;
<h3 class="wp-block-heading">UK Renewable Companies Will Benefit As Coal Phased Out</h3>
Despite the push for renewables, the UK still lacks large, publicly listed pure-play <a href="https://www.benzinga.com/money/best-renewable-energy-stocks">renewable companies</a>.&nbsp;
However, Good Energy Group (AIM: GOOD), a UK renewable company founded in 1999, is well-positioned to benefit from the sector's growth. The company focuses on <a href="https://www.benzinga.com/topic/clean-energy">electricity generation from wind and solar sources</a> and offers various <a href="https://www.benzinga.com/topic/renewable-energy">renewable energy</a> services.
Good Energy Group has significantly improved its financial standing recently, reducing its debt-to-equity ratio below 10%. The company now holds a substantial cash balance equivalent to 80% of its market capitalization.&nbsp;
Although the company is currently unprofitable, its P/S ratio is only 0.3x, and its forward P/E ratio is 6.22x.
CEO Nigel Pocklington said in September on a recent earnings call that he was <a href="https://finance.yahoo.com/news/good-energy-group-plc-lse-070020142.html">optimistic about the regulatory tailwinds</a>.
The Labour government&#8217;s policy agenda "is favorable, with changes to planning reforms and a focus on community energy and rooftop solar," he said. "These align with Good Energy&#8217;s core purpose and position."
He also noted that he plans to look for acquisitions to expand the national footprint and scale up the operations to benefit from demand in the sector.
<h3 class="wp-block-heading">New Task Force Supports UK Renewable Companies</h3>
To facilitate the country's transition to renewables, the UK reactivated its <a href="https://www.gov.uk/government/news/solar-taskforce-meets-in-drive-for-clean-power">Solar Energy Taskforce</a>. It brings together the Department for Security, Energy &amp; Net Zero, regulators, and industry leaders to update Britain's solar energy roadmap.
&#8220;The relaunch of the Solar Taskforce is essential for accelerating action and innovation in our journey towards clean power by 2030," Energy Secretary Ed Miliband said. "Solar energy will be a key driving force behind our clean power mission.&#8221;
The government's ambitious goals have been dubbed a "solar rooftop revolution," with installation on millions of homes and businesses. Initial plans reach as much as 2GW of capacity.
<h3 class="wp-block-heading">UK Renewable Energy May Hurt Competitiveness</h3>
While the UK has phased out its coal-fired power plant, coal remains an essential energy source in many parts of the world.&nbsp;
Critics have questioned whether the UK can compete with other economies still reliant on coal.&nbsp;
Globally, coal still accounts for about 35% of electricity generation, and demand remains robust, particularly in China and India. In 2023, China alone accounted for two-thirds of <a href="https://www.cnbc.com/2024/04/15/china-boosts-global-coal-power.html">newly commissioned</a> coal power plants globally, CNBC reported.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfcHjmIl1byHyhM7Hs3SenSlV6qL4f_DQzaxMhWT_f0oPrTRMq2PTF27Y8L-J2ndTRfCWXMkze1mtA6-xRc3pQJ7x9UVY9ucjTQqPoTtD60wXYP6MAv0VP_BWUsOELfhKmbIA7G5gQ3MEYZ4O-cbRYeVXtK?key=-pElWi2RiOwvDLn_SHZ_Sg" alt="" style="width:624px" /></figure>
Coal production worldwide 2000-2023, source: <a href="https://www.statista.com/statistics/265470/global-coal-production-in-oil-equivalent/">Statista</a>
Despite efforts to reduce reliance on coal, the steel industry is heavily dependent on coking coal. Efforts to reduce carbon emissions require a switch to higher-grade iron ore.&nbsp;
For that purpose, China has partnered with Rio Tinto, investing billions in a Simandou iron mine in Guinea—the <a href="https://www.benzinga.com/news/24/01/36544368/mining-milestone-rio-tinto-to-launch-worlds-largest-project-in-guineas-simandou-mountains">largest global mining project</a>.
<h3 class="wp-block-heading">UK Closes First Coal-Fired Powel Plant In World</h3>
For the UK, the closure of Ratcliffe-on-Soar is the end of an era.&nbsp;
The UK&#8217;s coal-fired power era began in 1882 with Thomas Edison&#8217;s Holborn Viaduct plant – the first in the world. At the time, coal was abundant and became the backbone of Britain's industrial growth.
Coal played a cornerstone role in shaping the UK, ushering in the era of railways and factories that powered the country's economic expansion.
&#8220;The closure of the Ratcliffe power station marks the end of an era, and coal workers can be rightly proud of their work powering our country for over 140 years," Energy Minister Michael Shanks said. &#8220;However, a new age of good energy jobs is just beginning as we move towards cleaner, more sustainable sources of energy.&#8221;
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Markets

General

UK Renewable Companies In Focus After Coal-Fired Power Plant Closure

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) may be gearing up for a breakout soon, defying its recent underperformance against <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41207040/dogecoin-killer-shiba-inu-up-39-over-the-past-30-days-but-that-will-accelerate-says-bullis">rival meme coins</a>.
What Happened: Crypto chart analyst Ali Martinez pointed out how Dogecoin may be repeating history with its "breakout from a multi-year descending triangle, 200% surge, 60% retracement—then a bull run."
He <a href="https://x.com/cryptodailyTS/status/1843189394813149323">predicts</a> that Dogecoin could be "gearing up for the next big rally."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">History often repeats itself, and <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> might be doing just that. A familiar pattern: breakout from a multi-year descending triangle, 200% surge, 60% retracement—then a bull run. After a recent 65% pullback, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> could be gearing up for the next big rally! <a href="https://t.co/c93A4Fec7V">pic.twitter.com/c93A4Fec7V</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1842985818430062993?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Crypto Daily Trade Signals <a href="https://x.com/cryptodailyTS/status/1843189394813149323">forecasts</a> a Dogecoin breakout to $0.14 &#8220;very soon,&#8221; while crypto trader Kevin highlighted that if the meme coin holds on to the current chart pattern, it will be an "analyst&#8217;s dream." He <a href="https://x.com/Kev_Capital_TA/status/1842954909903417678">sees</a> a "beautiful macro falling wedge with a bullish backtest in play," suggesting bullish performance for DOGE.
In another tweet, Kevin <a href="https://x.com/Kev_Capital_TA/status/1842670192783933737">pointed out</a> that Dogecoin is 151 days behind the usual four-year cycle &#8220;schedule.&#8221; The average amount of days it has taken for a parabolic is 1,095 days. In the current cycle, DOGE is still trending down after 1,246 days.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41164395/dogecoin-down-2-and-technical-analysis-says-it-could-get-much-worse">Dogecoin Down 2% And Technical Analysis Says It Could Get Much Worse</a>
Why It Matters: IntoTheBlock data shows large transaction volume increased by 7% and daily active addresses grew by 5.8%. Transactions greater than $100,000 are up from 115 to 122 in a single day. Exchanges netflows are down by 2.4%.
IntoTheBlock highlighted around 2.07 billion DOGE is accumulated by large Dogecoin holders in the past week, the highest level since January 2024.
Price Action: In the past 24 hours, DOGE is trading 1.2% higher. Over the past 30-day period, Dogecoin has accumulated around 17%.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.  
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald&#8217;s Adopts Dogecoin To Promoting A &#8216;DOGE&#8217; Department</a></li>
</ul>
Image: Shutterstock

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$DOGE

Dogecoin 'Gearing Up For Next Big Rally': This Is The Price Traders Are Targeting

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TWLO

Watching Twilio; Traders Circulate M&A Blog Comments Suggesting 'The Co Has Disclosed Some Increased Executive Payouts In Connection With A Change In Control, Which May Indicate That The Software Company Is Attracting Takeover Interest'

WIIM

MBLY

Mobileye Global shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $16 to $10.

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with a Neutral and maintains $3590 price target.

Price Target

Reiteration

Analyst Ratings

BKNG

Cantor Fitzgerald Reiterates Neutral on Booking Holdings, Maintains $3590 Price Target

Barclays analyst Scott Gaffner initiates coverage on Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Overweight rating and announces Price Target of $250.

Initiation

Barclays Initiates Coverage On Avery Dennison with Overweight Rating, Announces Price Target of $250

Contracts

Management

Reported Friday October 4, 2024 Twilio Amended CEO And Senior Executive Severance Plans To Include Lump Sum Payments Of 24 Months' Base Salary Plus 200% Target Bonus For CEO, And 18 Months' Base Salary Plus 150% Target Bonus For Executives Upon Qualifying Termination Related To Change In Control, Along With Health Benefits And Equity Vesting

Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares continued their slide on Monday, falling 8% since the company's first-quarter earnings report released <a href="https://www.benzinga.com/news/earnings/24/10/41147332/nike-stock-is-tumbling-wednesday-whats-going-on">last week</a>.
Investors are reacting negatively to the earnings miss on revenue, sluggish global sales and the company's decision to withdraw its full-year guidance.
What Happened: Despite beating on earnings — reporting 70 cents per share versus an expected 52 cents — Nike&#8217;s revenue of $11.59 billion came in just short of the $11.65 billion Wall Street had anticipated. This was compounded by a worrying 10% year-over-year decline in total revenues, driven by sharp sales drops in several key markets. 
North American sales, Nike&#8217;s largest and most crucial region, plummeted by 11%, while Greater China, which had been a major growth driver in previous years, saw a 4% decline. European sales dropped 13%, and Asia Pacific and Latin American revenues fell 7%, signaling widespread demand weakness across the globe.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 Earnings</a>
Nike's disappointing performance wasn't limited to geography. Its Direct-to-Consumer (DTC) channel, which has been a cornerstone of its digital strategy, saw revenues fall by 13%, while its core Nike Brand revenues were down 10%. Wholesale revenues also slumped 8%, reflecting broader struggles in both digital and traditional retail channels. 
These declines hint at deeper issues with consumer demand and competition, particularly as the brand faces mounting pressure from rivals like Adidas, Puma and a host of emerging sportswear companies.
What Else: Adding to the market's concerns was Nike's decision to withdraw its full-year guidance, a move that often signals uncertainty about future performance. CFO Matthew Friend, in an earnings call following the report, revealed the company now expects second-quarter revenues to decline between 8% and 10%, and gross margins to fall compared to last year. He pointed to ongoing weakness in Nike Digital traffic and sluggish retail sales as contributing factors.
Friend also highlighted the company&#8217;s plan to roll out new products and innovations later this year in a bid to revive revenue, but with the global consumer environment softening and inflation eating into disposable incomes, the road ahead remains challenging.
The uncertainty surrounding Nike's leadership transition is further weighing on the stock. John Donahoe, the outgoing CEO, will step down on October 14, with veteran executive Elliott Hill taking over the top role. While Hill&#8217;s extensive history with the company is reassuring to some, the stock market typically views such transitions cautiously, especially in uncertain times. 
Nike's upcoming Investor Day, which will take place after Hill's official appointment, is now seen as a crucial moment for the company to provide more clarity on its strategic direction and how it plans to recover from these setbacks.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41207490/s-p-500-could-reach-6-300-in-12-months-says-goldman-sachs-driven-by-strong-ai-demand-and-margin-">S&amp;P 500 Could Reach 6,300 In 12 Months, Says Goldman Sachs, Driven By &#8216;Strong AI Demand&#8217; And &#8216;Margin Expansion&#8217;</a>
<h2 class="wp-block-heading">Is NKE A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/NKE">Nike</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Nike does pay a dividend, which yields 1.62% per year as of the closing price on Oct. 7, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 12.05%, you'll need to buy a share of Nuveen Core Plus Impact by the Oct. 15, 2024. Once done, you can expect to receive a nominal payout of $0.12 on Nov. 1, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/NKE">Nike</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NKE has a 52-week high of $123.39 and a 52-week low of $70.75.

Why Nike Stock Is Down 8% Over The Past Week

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</ul>
Electric Vehicle
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41205333/tesla-drops-rwd-variant-of-model-3-and-model-y-in-canada-following-us-strategy-replacing-them-with-l">Tesla Drops RWD Variant Of Model 3 And Model Y In Canada, Following US Strategy, Replacing Them With Long Range Versions</a></li>
<li><a href="https://www.benzinga.com/news/24/10/41204011/bankrupt-ev-maker-fisker-under-us-sec-investigation-for-potential-securities-law-violation">Bankrupt EV Maker Fisker Under US SEC Investigation For Potential Securities Law Violation</a></li>
<li><a href="https://www.benzinga.com/news/24/10/41201829/tesla-dismisses-recent-recall-of-over-27k-cybertrucks-says-it-is-just-a-free-over-the-air-software-u">Tesla Dismisses Recent Recall Of Over 27K Cybertrucks, Says It Is Just A Free Over-The-Air Software Update: &#8216;How Will Our Owners Ever Recover From This Ordeal&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/10/41200538/tesla-supercharger-network-growth-slows-sequentially-ev-giant-adds-2-800-stalls-in-q3">Tesla Supercharger Network Growth Slows Sequentially: EV Giant Adds 2,800 Stalls In Q3</a></li>
</ul>
Consumer
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41204567/chevron-sells-6-5b-assets-to-canadian-natural-resources-details">Chevron Sells $6.5B Assets To Canadian Natural Resources: Details</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41204058/why-is-vista-outdoor-stock-surging-today">Why Is Vista Outdoor Stock Surging Today?</a></li>
</ul>
Communication
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41201314/elon-musks-x-paid-5m-to-wrong-bank-in-brazil-delaying-reinstatement-of-its-services-in-the-country">Elon Musk&#8217;s X Paid $5M To Wrong Bank In Brazil, Delaying Reinstatement Of Its Services In The Country</a></li>
<li><a href="SpaceX%20And%20T-Mobile's%20Direct-To-Cell%20Satellite%20Service%20For%20Hurricane-Hit%20Areas%20Green%20Lighted%20By%20FCC:%20'Already%20Been%20Enabled%20And%20Started%20Broadcasting%20Emergency%20Alerts%20To%20Cell%20Phones%20On%20All%20Networks'">SpaceX And T-Mobile&#8217;s Direct-To-Cell Satellite Service For Hurricane-Hit Areas Green Lighted By FCC: &#8216;Already Been Enabled And Started Broadcasting Emergency Alerts To Cell Phones On All Networks&#8217;</a></li>
</ul>
Healthcare
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/10/41204843/astrazeneca-inks-1-92b-license-pact-with-hong-kong-based-firm-to-boost-cardiovascular-pipeline">AstraZeneca Inks $1.92B License Pact With Hong Kong-Based Firm To Boost Cardiovascular Pipeline</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41199793/amid-pfizers-struggles-with-declining-demand-for-covid-19-treatments-activist-investor-starboard">Amid Pfizer&#8217;s Struggles With Declining Demand For COVID-19 Treatments, Activist Investor Starboard Value Invests $1B In Pharma Giant: Report</a></li>
</ul>
Financial
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41200165/cathie-wood-predicts-trillion-dollar-revenue-opportunity-for-tesla-in-autonomous-vehicles-winner">Cathie Wood Predicts Trillion Dollar Revenue Opportunity For Tesla In Autonomous Vehicles: &#8216;Winner-Takes-Most&#8217; In AI And Driving Tech</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41200138/schwab-trading-activity-falls-in-september-despite-market-strength-nvidia-palantir-among-most-so">Schwab Trading Activity Falls In September Despite Market Strength: Nvidia, Palantir Among Most Sought-After Stocks But These 5 Fell Out Of Favor</a></li>
</ul>
General
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41203093/mark-cuban-criticizes-trumps-proposed-tariffs-advocates-for-robotics-to-boost-american-manufacturing">Mark Cuban Criticizes Trump&#8217;s Proposed Tariffs, Advocates For Robotics To Boost American Manufacturing: &#8216;That&#8217;s What Harris Understands That Trump Doesn&#8217;t&#8217;</a></li>
</ul>
Space
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41202982/spacexs-falcon-9-to-launch-again-on-monday-for-esas-hera-mission-faa-reportedly-says-its-a-one-time">SpaceX&#8217;s Falcon 9 To Launch Again On Monday For ESA&#8217;s Hera Mission: FAA Reportedly Says It&#8217;s A One-Time Approval</a></li>
</ul>
Energy
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/10/41203850/rio-tinto-confirms-interest-in-arcadium-lithium-shares-surge">Rio Tinto Confirms Interest In Arcadium Lithium, Shares Surge</a></li>
</ul>
Photo by SvetlanaParnikova on Shutterstock

$BTC

$ETH

Bitcoin, Ethereum, Dogecoin Climb After Strong Jobs Data; Nvidia's GPU Sales At Risk As China Pushes Local AI Chips In Retaliation - Top Headlines Today While US Slept

Trevena Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVN#NASDAQ">TRVN</a>) shares are trading lower by 43.3% to $2.61 during Monday&#8217;s session after the company announced it received a Nasdaq <a href="https://www.benzinga.com/pressreleases/24/10/g41192093/trevena-announces-receipt-of-nasdaq-delisting-notification">delisting notification</a>.
What Else: Trevena late Friday announced that its common stock will be delisted from the Nasdaq Stock Market following a ruling by the Nasdaq Hearings Panel.
The delisting decision, effective October 8, stems from Trevena's failure to meet Nasdaq&#8217;s minimum stockholder equity requirement. The company had until October 2, to regain compliance but was unsuccessful.
Following the delisting, Trevena's stock is expected to trade on the Pink Open Market (OTC). However, the company noted that there is no guarantee that brokers will continue to facilitate trading in the company&#8217;s stock.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41207490/s-p-500-could-reach-6-300-in-12-months-says-goldman-sachs-driven-by-strong-ai-demand-and-margin-">S&amp;P 500 Could Reach 6,300 In 12 Months, Says Goldman Sachs, Driven By &#8216;Strong AI Demand&#8217; And &#8216;Margin Expansion&#8217;</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, TRVN has a 52-week high of $19.23 and a 52-week low of $2.41.

TRVN

Why Trevena (TRVN) Stock Is Down 43% Today

COTY

Coty shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $11 to $12.

CART

Maplebear shares are trading higher after the company announced the launch of three new Caper Cart capabilities.

<a href="https://www.globenewswire.com/Tracker?data=0PQ7YkpIa9YDgahaLiIFa7n-X3zuRlnGkh79e1oy4XBO58jGK4uBf-16cubxRY1Qg_FlNTkRutMdHJjxiRnIkXzrE8wNpOv2Ix87Qlv3x8sXn7VLVl_37REdnbe9McICi35sAmEYY0jrcMbosD6WrA==">Clean Energy Technologies, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>), announced today that Vermont Renewable Gas, LLC (VRG), an affiliate limited liability company has been selected by the United States Department of Agriculture (USDA) as one of its Rural Energy for America Program (REAP) Grant recipients. Administered by the USDA's Rural Development Office, this current $1.05 billion initiative funded through the Inflation Reduction Act seeks to issue grants which spur economic development and catalyze rural prosperity by throughout the United States through six quarterly competitions. VRG was selected to receive $1 million towards completion of VRG's Vermont Renewable Gas – Lyndon (VRG – Lyndon) 2.2-megawatt renewable energy facility in Lyndon, Vermont. &nbsp;

CETY

Clean Energy Technologies Affiliate Vermont Renewable Gas Secures $1M USDA REAP Grant To Advance Biomass Solutions And Waste-To-Energy Technologies

<a href="https://www.thestar.com/business/montreal-dockworkers-to-halt-all-overtime-work-as-talks-drag-on/article_984670e5-8d4d-5d7b-836b-aec4e89105ba.html">https://www.thestar.com/business/montreal-dockworkers-to-halt-all-overtime-work-as-talks-drag-on/article_984670e5-8d4d-5d7b-836b-aec4e89105ba.html</a>
&nbsp;
Dockworkers at the Port of Montreal plan to halt all overtime work starting this later this week in a pressure tactic aimed at management as contract talks continue.
The union representing nearly 1,200 longshore workers at the port says it has filed notice that the overtime strike will kick off at 7 a.m. ET on Thursday and continue indefinitely.
Michel Murray, a spokesman for the union local, says the Maritime Employers Association is "dragging its feet" in negotiations and that the job action aims to ratchet up pressure to reach a deal.
&nbsp;
He says scheduling is a key stumbling block in the bargaining sessions, which resumed on Friday under the watch of federal mediators.
The discussions flared back to life after a three-day strike last week at two terminals that handle 41 per cent of container traffic at the Port of Montreal.
The dockworkers have been without a contract since Dec. 31.
This report by The Canadian Press was first published Oct. 7, 2024.

Macro Economic Events

Economics

'Dockworkers At The Port Of Montreal Plan To Halt All Overtime Work Starting This Later This Week In A Pressure Tactic Aimed At Management As Contract Talks Continue' - Toronto Star

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) with a Underweight and maintains $94 price target.

ABNB

Cantor Fitzgerald Reiterates Underweight on Airbnb, Maintains $94 Price Target

SIFY

Sify Technologies shares are trading higher after the company announced it's deploying optical technology to connect seven metro area networks across India and has upgraded its countrywide national distance network to support services up to 600G.

Barclays analyst Raimo Lenschow downgrades Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) from Overweight to Underweight and lowers the price target from $10 to $7.

Downgrades

Barclays Downgrades Sprinklr to Underweight, Lowers Price Target to $7

Cantor Fitzgerald analyst Andres Sheppard reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Neutral and maintains $245 price target.

TSLA

Cantor Fitzgerald Reiterates Neutral on Tesla, Maintains $245 Price Target

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Russia's Putin To Meet Iran's President On Oct. 11

Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $276,636, and 6 were calls, valued at $431,900.
<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 $155.0 to $170.0 for Oracle over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</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 Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $155.0 to $170.0 over the preceding 30 days.
<h3>Oracle Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728311450_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$0.73</td>
<td>$0.68</td>
<td>$0.7</td>
<td>$167.50</td>
<td>$205.7K</td>
<td>2.1K</td>
<td>4.1K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$20.65</td>
<td>$20.55</td>
<td>$20.55</td>
<td>$155.00</td>
<td>$205.5K</td>
<td>6.2K</td>
<td>125</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$0.72</td>
<td>$0.71</td>
<td>$0.71</td>
<td>$167.50</td>
<td>$70.8K</td>
<td>2.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$6.6</td>
<td>$6.45</td>
<td>$6.5</td>
<td>$170.00</td>
<td>$65.0K</td>
<td>5.3K</td>
<td>253</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$22.15</td>
<td>$17.5</td>
<td>$20.3</td>
<td>$155.00</td>
<td>$50.7K</td>
<td>6.2K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Oracle</h3>
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
<h3>Oracle's Current Market Status</h3>
<ul>
<li>Trading volume stands at 868,011, with ORCL's price up by 0.25%, positioned at $171.28.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 63 days.</li>
</ul>
<h3>Expert Opinions on Oracle</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $184.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Oracle, targeting a price of $173. 
&#x2A; An analyst from UBS persists with their Buy rating on Oracle, maintaining a target price of $200. 
&#x2A; Maintaining their stance, an analyst from Bernstein continues to hold a Outperform rating for Oracle, targeting a price of $202. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Oracle, targeting a price of $157. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Oracle with a target price of $190. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Oracle with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

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