Perella Weinberg Stock (NASDAQ:PWP), Trade Ideas

Perella Weinberg

Perella Weinberg Partners is an independent advisory firm that provides strategic and financial advice to a wide range of clients. The Company's activities as an investment banking advisory firm constitute a single business segment that provides a range of advisory services, including advice related to strategic and financial decisions, mergers and acquisitions execution, shareholder and defense advisory, financing and capital solutions advice with resources focused on restructuring and liability management, capital markets advisory, private capital placement, as well as specialized underwriting and research services for the energy and related industries.

Entrepreneurship

General

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

Selling a business is complex, and many owners need experts to guide them through the process. Exitwise founder and CEO, Todd Sullivan discusses how his team advises and guides entrepreneurs through the exit process.

Benzinga: How is Exitwise different from a more conventional investment bank?

&#34;Founders First, Every Time&#34; — Says the CEO Of This M&amp;A Marketplace Focused On Helping Entrepreneurs Sell

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

AENZ

AIKI

ALNA

APPH

ASAN

AUST

AVID

AXGN

BCAB

BILL

BLTE

BRCC

BRFS

BTTX

BXRX

CASA

COIN

COMM

CVNA

CZOO

DOCN

EDUC

ELEV

EPAM

ETSY

EVFM

FRGE

FSLY

HAIN

HDSN

HEAR

HUBS

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

ICPT

IMPP

INFU

INSG

JCSE

KINS

Kintara Therapeutics, Inc. - Common Stock

KTRA

LGHL

MIRM

MITO

NEPH

NVCT

PMTS

QNST

RAIN

RDBX

RGNX

RVSN

SATL

SBSW

SGLY

SHOP

SIDU

SIMO

SWVL

TNDM

TREE

UDMY

USER

VAXX

VYGR

WTER

ZETA

Gainers


	Hudson Technologies, Inc. (NASDAQ: HDSN) shares jumped 26.9% to close at $9.06 on Thursday after the company reported better-than-expected Q1 EPS and sales results.


83 Biggest Movers From Yesterday

ADCT

ADGI

ATIP

BBIG

BRLT

Borqs Technologies, Inc. - Ordinary Shares

BRQS

CISO

CRDL

CVAC

DNAY

FATH

FTCI

GFAI

GWGH

IMGO

IMTE

INDO

ISIG

ISPC

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

MOLN

MYNZ

NXTD

NXTP

PAGS

PBTS

PIXY

RELI

REVB

RXDX

SBEV

SMID

SOPH

THRX

VACC

VORB

VYNE

WYNN

Gainers


	Splash Beverage Group, Inc. (NASDAQ: SBEV) shares gained 118.9% to settle at $4.18 on Friday. Splash Beverage recently announced it has received authorization to sell its TapouT performance drink in Walmart stores across Florida metropolitan areas.


52 Biggest Movers From Friday

Perella Weinberg Partners - Class A Common Stock

Perella Weinberg Partners

Power REIT 7.75% Series A Cumulative Perpetual Preferred Stock

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Apellis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) with a Buy and maintains $92 price target.

Price Target

Reiteration

Analyst Ratings

APLS

HC Wainwright & Co. Reiterates Buy on Apellis Pharmaceuticals, Maintains $92 Price Target

Asset Sales

General Mills Explores Sale Of North America Yogurt Portfolio That Could Be Worth Over $2B

Roku, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are trading lower today. Analysts slashed their price targets after the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38446113/roku-exceeds-q1-earnings-expectations-provides-upbeat-guidance" rel="noreferrer noopener">first-quarter print&nbsp;on Thursday.</a>
Wedbush&nbsp;analyst Michael Pachter maintained Roku with an Outperform rating and lowered the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ROKU/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$80&nbsp;to&nbsp;$75</a>.
The reiteration reflected significant opportunities for growth in Roku&#8217;s business and its commitment to expanding profitably.
Roku reached positive annual EBITDA in 2023, one year earlier than it guided, is on a path to exceed $100 million in annual EBITDA in 2024 and should accelerate from there. Pachter&nbsp;noted Roku will not revert to excessive spending for long-term growth. Instead, Roku has re-focused on balancing new initiatives that result in near-term ROI with expanding FCF and tracking toward positive net income. Pachter said that&nbsp;Roku continues taking market share as ad dollars shift from linear to digital-connected TV (&#8220;CTV&#8221;).
Roku is also capturing an expanding share of&nbsp;newfront&nbsp;ad bookings as it adds incremental ad inventory to its platform, and it has begun to benefit from the rebound in scatter demand and pricing. Roku is also expanding beyond its OneView platform and opening up to other demand-side platforms (DSPs) to drive more advertising, Pachter noted.
Its focus on curated sports pages should also drive incremental advertising and subscription revenue in the near and long term. Pachter projected second-quarter revenue of $935 million (prior $941 million) and EBITDA of $32.9 million (prior $21.1 million).
Piper Sandler&nbsp;analyst Matt Farrell reiterated Roku with a Neutral and lowered the price target from&nbsp;$81&nbsp;to&nbsp;$65.
Roku delivered first-quarter platform revenue and EBITDA ahead of expectations, with guidance slightly above consensus. However, Farrell noted that investors are left looking for more, as platform revenue acceleration will not be until 2025, and sales and marketing spending in the second half will weigh on EBITDA. Management has a clear strategy, focused on a three-pronged approach to accelerate platform revenue next year.
Roku sits at an exciting spot in the CTV transition, but Farrell would rather wait for revenue to inflect to get more constructive on the story. Farrell projected second-quarter revenue of $930.1 million and EBITDA of $30.8 million.
Benchmark&nbsp;analyst Daniel Kurnos maintained Roku with a Buy and lowered the price target from&nbsp;$115&nbsp;to&nbsp;$105.
Roku remains firmly in the show-me camp, with fears of disruption from Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) &#8211; VIZIO Holding Corp (NYSE: VZIO), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) ad-supported, and any other number of headlines continuing to outweigh what he noted is growing evidence that Roku is a must-advertise platform. Kurnos projected second-quarter revenue of $936 million and EBITDA of $31 million.
Oppenheimer analyst Jason Helfstein reiterated a Perform rating. While Helfstein remained positive on programmatic integrations, now integrated with most DSPs, revenue tailwinds lag as SVOD advertising and Media and Entertainment remain headwinds.
Helfstein&nbsp;projected second-quarter revenue of $935.7 million (prior $909.4 million) and adjusted EBITDA of $30.1 million (prior $12.95 million).
JP Morgan&nbsp;analyst Cory A Carpenter remained Overweight-rated on Roku but lowered his price target from $100 to $90.
Roku remains a show-me story as it works through tough comps and overhangs from potential CPM compression and WMT &#8211; VZIO. Still, the analyst remained optimistic about management&#8217;s ability to re-accelerate Platform growth as 3P DSP partnerships ramp up and ad dollars increasingly shift from linear to streaming.
Carpenter projected second-quarter revenue of $935 million (prior $969 million) and adjusted EBITDA of $30 million (prior $34 million).
Price Action: ROKU shares are trading lower by 9.8% to $56.65 at the last check Friday.
Photo by rafapress on Shutterstock

Analyst Color

Equities

AMZN

ROKU

Roku Analysts Vouch for the Must-Advertise Platform, Albeit Seek Revenue Upside to Get More Constructive

Wells Fargo analyst Steven Cahall maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Underweight and raises the price target from $45 to $52.

Wells Fargo Maintains Underweight on Roku, Raises Price Target to $52

WIIM

CAVA

CAVA Group shares are trading higher, not seeing company-specific news from today's session. The company recently announced its first Chicago restaurant.

Wells Fargo analyst Joseph O'Dea maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $177 to $190.

Wells Fargo Maintains Equal-Weight on Dover, Raises Price Target to $190

Wells Fargo analyst Joe O'Dea maintains Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) with a Equal-Weight and raises the price target from $59 to $66.

CARR

Wells Fargo Maintains Equal-Weight on Carrier Global, Raises Price Target to $66

HC Wainwright &amp; Co. analyst Douglas Tsao maintains Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Neutral and lowers the price target from $28 to $25.

SAGE

HC Wainwright & Co. Maintains Neutral on Sage Therapeutics, Lowers Price Target to $25

Wells Fargo analyst Larry Biegelsen maintains Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) with a Overweight and raises the price target from $94 to $99.

Wells Fargo Maintains Overweight on Edwards Lifesciences, Raises Price Target to $99

Wells Fargo analyst Daniel Politzer maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $153 to $159.

Wells Fargo Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $159

Wells Fargo maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Overweight and lowers the price target from $82 to $71.

Wells Fargo Maintains Overweight on Boyd Gaming, Lowers Price Target to $71

Investors with a lot of money to spend have taken a bearish stance on Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CAT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 19 uncommon options trades for Caterpillar.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 47%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $495,846, and 10 are calls, for a total amount of $788,888.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $315.0 to $400.0 for Caterpillar during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Caterpillar stands at 609.88, with a total volume reaching 2,386.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caterpillar, situated within the strike price corridor from $315.0 to $400.0, throughout the last 30 days.
<h3>Caterpillar Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714155384_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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.35</td>
<td>$7.15</td>
<td>$7.2</td>
<td>$347.50</td>
<td>$360.0K</td>
<td>25</td>
<td style="text-align: right;">567</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$50.25</td>
<td>$48.95</td>
<td>$49.73</td>
<td>$340.00</td>
<td>$99.4K</td>
<td>351</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$63.8</td>
<td>$59.0</td>
<td>$63.8</td>
<td>$400.00</td>
<td>$95.7K</td>
<td>36</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$20.9</td>
<td>$18.05</td>
<td>$18.63</td>
<td>$350.00</td>
<td>$83.8K</td>
<td>1.2K</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/24/24</td>
<td>$20.45</td>
<td>$19.65</td>
<td>$19.99</td>
<td>$330.00</td>
<td>$76.0K</td>
<td>5</td>
<td style="text-align: right;">38</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Having examined the options trading patterns of Caterpillar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Caterpillar's Current Market Status</h3>
<ul>
<li>With a volume of 1,760,377, the price of CAT is up 1.95% at $344.58. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 95 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Caterpillar options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

This Is What Whales Are Betting On Caterpillar

Investors with a lot of money to spend have taken a bullish stance on Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WING, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 18 uncommon options trades for Wingstop.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $1,500,341, and 13 are calls, for a total amount of $2,249,746.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $460.0 for Wingstop over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Wingstop'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 Wingstop's whale activity within a strike price range from $230.0 to $460.0 in the last 30 days. 
<h3>Wingstop 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714155379_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WING</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$37.0</td>
<td>$36.2</td>
<td>$36.4</td>
<td>$350.00</td>
<td>$1.2M</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">352</td>
</tr>
<tr>
<td>WING</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$36.9</td>
<td>$36.5</td>
<td>$36.8</td>
<td>$450.00</td>
<td>$1.1M</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">311</td>
</tr>
<tr>
<td>WING</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$54.4</td>
<td>$51.9</td>
<td>$52.5</td>
<td>$410.00</td>
<td>$393.7K</td>
<td style="text-align: right;">82</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>WING</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$19.5</td>
<td>$18.6</td>
<td>$19.5</td>
<td>$400.00</td>
<td>$159.9K</td>
<td style="text-align: right;">856</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WING</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$43.7</td>
<td>$43.1</td>
<td>$43.1</td>
<td>$300.00</td>
<td>$107.7K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">65</td>
</tr>
</tbody>
</table>

<h3>About Wingstop</h3>
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the U.S. by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.
In light of the recent options history for Wingstop, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Wingstop</h3>
<ul>
<li>With a volume of 262,986, the price of WING is up 3.54% at $383.0. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 5 days.</li>
</ul>
<h3>What Analysts Are Saying About Wingstop</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $353.4.
<ul>
<li>An analyst from Truist Securities persists with their Hold rating on Wingstop, maintaining a target price of $307. </li>
<li>An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $410. </li>
<li>An analyst from Jefferies has decided to maintain their Hold rating on Wingstop, which currently sits at a price target of $335. </li>
<li>Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Wingstop, targeting a price of $400. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Wingstop with a target price of $315. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wingstop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

WING

Wingstop's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DVN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for Devon Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 26%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $344,668, and 10 are calls, for a total amount of $607,437.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $55.0 for Devon Energy, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Devon Energy options trades today is 5118.3 with a total volume of 3,326.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Devon Energy's big money trades within a strike price range of $47.5 to $55.0 over the last 30 days.
<h3>Devon Energy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714155373_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.0</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$47.50</td>
<td>$208.4K</td>
<td>6.8K</td>
<td style="text-align: right;">586</td>
</tr>
<tr>
<td>DVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$5.1</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$55.00</td>
<td>$128.5K</td>
<td>196</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.85</td>
<td>$47.50</td>
<td>$119.2K</td>
<td>6.8K</td>
<td style="text-align: right;">610</td>
</tr>
<tr>
<td>DVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.6</td>
<td>$47.50</td>
<td>$76.7K</td>
<td>599</td>
<td style="text-align: right;">213</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$6.0</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$47.50</td>
<td>$73.2K</td>
<td>6.8K</td>
<td style="text-align: right;">610</td>
</tr>
</tbody>
</table>

<h3>About Devon Energy</h3>
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2023, net production totaled roughly 658 thousand boe/d, of which oil and natural gas liquids made up roughly three-quarters of production, with natural gas accounting for the remainder.
<h3>Present Market Standing of Devon Energy</h3>
<ul>
<li>With a trading volume of 2,533,190, the price of DVN is up by 0.1%, reaching $52.66.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 5 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Devon Energy</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $61.0.
<ul>
<li>Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $59.</li>
<li>An analyst from Truist Securities persists with their Buy rating on Devon Energy, maintaining a target price of $69. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Devon Energy, which currently sits at a price target of $62. </li>
<li>An analyst from Stifel persists with their Buy rating on Devon Energy, maintaining a target price of $66. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Devon Energy, targeting a price of $49. </li>
</ul>
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 Devon Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Behind the Scenes of Devon Energy's Latest Options Trends

<a href="https://rivian.com/experience/charging">https://rivian.com/experience/charging</a>
&nbsp;

RIVN

Rivian Plans To Make Fast-Charging Network Available To All EVs By Late 2024

BitMEX Co-founder Arthur Hayes is encouraging crypto investors to maintain their conviction and stay committed to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38463604/bitcoins-consolidation-is-the-calm-before-the-storm-veteran-trader-lark-davis-writes">ongoing bull market</a>. 
What Happened: In his latest blog post titled &#8220;<a href="https://blog.bitmex.com/left-curve/">Left Curve</a>,&#8221; Hayes urges investors not to succumb to the temptation of taking profits prematurely.
Hayes emphasizes the current macroeconomic environment, characterized by major economies debasing their currencies to deleverage government balance sheets. He sees this as the fundamental reason behind the aggressive crypto rally against fiat currencies. 
Hayes predicts that this narrative will only gain strength as the sovereign debt bubble begins to burst.
&#8220;Bull markets don&#8217;t come often; it is a travesty when you make the right call but do not maximize your profit potential,&#8221; Hayes <a href="https://blog.bitmex.com/left-curve/">writes</a>. He advocates for a &#8220;Left Curve&#8221; mentality, where investors continuously buy and hold cryptocurrencies throughout the bull market period.
In his concluding remarks, Hayes calls on &#8220;all degens&#8221; to embrace the Left Curve approach, urging investors to maintain their conviction and allow their winning investments to continue growing until real rates turn positive.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38463604/bitcoins-consolidation-is-the-calm-before-the-storm-veteran-trader-lark-davis-writes">Bitcoin&#8217;s Consolidation Is The &#8216;Calm Before The Storm,&#8217; Veteran Trader Lark Davis Writes</a>
Why It Matters: Hayes points to the increasing institutional adoption of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), particularly with the emergence of spot Bitcoin ETFs in the U.S., U.K. and Hong Kong. This recognition from traditional finance underscores Bitcoin&#8217;s potential as a hedge against currency debasement and negative real yields.
Bitcoin, in Hayes&#8217;s view, serves as an escape valve for investors during periods of economic uncertainty, thanks to its finite supply and resilience against currency depreciation.
Looking ahead to the 2024 U.S. presidential election, Hayes predicts further economic stimulus measures aimed at maintaining negative real yields on government bonds, further bolstering Bitcoin&#8217;s appeal as a hedge asset.
What's Next: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga'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: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38461105/bitcoin-could-soar-up-to-1m-says-strike-ceo-jack-mallers-violent-to-the-upside">Bitcoin Could Soar Up To $1M, Says Strike CEO Jack Mallers: &#8216;Violent To The Upside&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

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

Cryptocurrency

$BTC

Arthur Hayes: Bitcoin Bull Market Not Over, Urges Investors To 'Left Curve It'

BMO Capital analyst Katja Jancic maintains Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) with a Outperform and lowers the price target from $355 to $345.

BMO Capital Maintains Outperform on Reliance, Lowers Price Target to $345

Boeing And GKN Aerospace Close Deal For St. Louis Site; Agreement Provides Continuity Of Production And Sustainment Of Critical Parts For F/a-18 And F-15 Programs; Nearly Entire GKN St. Louis Workforce, About 550 People, Have Been Hired By Boeing; Financial Details Will Not Be Disclosed In Accordance With Terms Of Transaction

BMO Capital analyst Fadi Chamoun maintains Hub Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) with a Market Perform and lowers the price target from $48 to $45.

HUBG

BMO Capital Maintains Market Perform on Hub Group, Lowers Price Target to $45

BMO Capital analyst Gerrick Johnson maintains Harley-Davidson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) with a Outperform and lowers the price target from $50 to $45.

BMO Capital Maintains Outperform on Harley-Davidson, Lowers Price Target to $45

Perella Weinberg Partners (PWP) Q4 2023 Earnings Call Transcript

In a report released yesterday, Michael Brown from KBW maintained a Buy rating on Perella Weinberg Partners (PWP – Research Report), with a price t...

KBW Sticks to Their Buy Rating for Perella Weinberg Partners (PWP)

Analysts have been eager to weigh in on the Financial sector with new ratings on Horace Mann Educators (HMN – Research Report), Perella Weinberg Pa...

Analysts Have Conflicting Sentiments on These Financial Companies: Horace Mann Educators (HMN), Perella Weinberg Partners (PWP) and Ares Capital (ARCC)

James Yaro, an analyst from Goldman Sachs, maintained the Sell rating on Perella Weinberg Partners (PWP – Research Report). The associated price ta...

Maintaining Sell Rating on Perella Weinberg Partners Amid Stagnant Growth Prospects and Ongoing Dilution Concerns

Warning: PWP is at high risk of performing badly

Perella Weinberg Partners commences public offering of 4.5M shares

Perella Weinberg Partners prices $60M stock offering

A rating of 75 puts Perella Weinberg Partners (PWP) near the top of the Capital Markets industry according to InvestorsObserver. Perella Weinberg Partners's score of 75 means it scores higher than 75% of stocks in the industry. Perella Weinberg Partners also received an overall rating of 56, putting it above 56% of all sto

Is Perella Weinberg Partners (PWP) a Bad Choice in Capital Markets Wednesday?

Perella Weinberg: Comp Expense Should Go Down After Turnover