Short interest for Scout24 gives investors a sense of the degree to which investors are betting on the decline of Scout24's stock. Short interest data is updated every two weeks.

Scout24 Stock (OTC:SCCTY), Short Interest Report

Scout24 SE is an innovative digital company that operates ImmoScout24, the platform for residential and commercial real estate in Germany. With ImmoScout24, it has been successfully bringing together owners, agents, tenants, and buyers for about 25 years. Through its know-how and its diverse services, it ensures transparency in the market and makes complex decisions easy for its users. So that users can process real estate transactions completely digitally in the long term, ImmoScout24 is building an ecosystem for purchase, rental and commercial real estate.

Scout24 SE

Scotiabank analyst Tristan Richardson maintains SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) with a Sector Perform and lowers the price target from $6 to $4.

News

Price Target

Analyst Ratings

SPWR

Scotiabank Maintains Sector Perform on SunPower, Lowers Price Target to $4

<a href="https://twitter.com/KULRTech/status/1785014457045016745" title="https://twitter.com/KULRTech/status/1785014457045016745">https://twitter.com/KULRTech/status/1785014457045016745</a>

KULR

KULR Technology Posts On X About Response To KULR Marketplace

Scotiabank analyst Tristan Richardson maintains NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) with a Sector Outperform and lowers the price target from $55 to $50.

Scotiabank Maintains Sector Outperform on NEXTracker, Lowers Price Target to $50

Scotiabank analyst Tristan Richardson maintains Sunnova Energy Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) with a Sector Outperform and lowers the price target from $20 to $10.

NOVA

Scotiabank Maintains Sector Outperform on Sunnova Energy Intl, Lowers Price Target to $10

Whales with a lot of money to spend have taken a noticeably bullish stance on Li Auto.
Looking at options history for Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $1,758,593 and 3, calls, for a total amount of $118,800.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $32.0 for Li Auto, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Li Auto's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Li Auto's significant trades, within a strike price range of $25.0 to $32.0, over the past month.
<h3>Li Auto Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714416361_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$4.15</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$30.00</td>
<td>$1.0M</td>
<td>7.3K</td>
<td>2.5K</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.14</td>
<td>$1.11</td>
<td>$1.13</td>
<td>$25.00</td>
<td>$113.0K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/24/24</td>
<td>$4.85</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$31.00</td>
<td>$95.3K</td>
<td>5</td>
<td>200</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$0.83</td>
<td>$0.76</td>
<td>$0.78</td>
<td>$26.00</td>
<td>$77.6K</td>
<td>272</td>
<td>2.0K</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$0.76</td>
<td>$0.72</td>
<td>$0.76</td>
<td>$26.00</td>
<td>$76.1K</td>
<td>272</td>
<td>20</td>
</tr>
</tbody>
</table>

<h3>About Li Auto</h3>
Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.
In light of the recent options history for Li Auto, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Li Auto</h3>
<ul>
<li>Currently trading with a volume of 8,471,078, the LI's price is up by 7.05%, now at $26.8. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 14 days.</li>
</ul>
<h3>What Analysts Are Saying About Li Auto</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $32.5.
<ul>
<li>An analyst from Macquarie has revised its rating downward to Outperform, adjusting the price target to $40. </li>
<li>An analyst from Barclays has revised its rating downward to Equal-Weight, adjusting the price target to $25. </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 Li Auto options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Unpacking the Latest Options Trading Trends in Li Auto

Investors with a lot of money to spend have taken a bullish stance on Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</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 VZ, 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 10 uncommon options trades for Verizon Communications.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 20%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $84,758, and 7 are calls, for a total amount of $657,200.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $42.0 for Verizon Communications over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Verizon Communications's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Verizon Communications's substantial trades, within a strike price spectrum from $25.0 to $42.0 over the preceding 30 days.
<h3>Verizon Communications Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714416356_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.42</td>
<td>$1.39</td>
<td>$1.42</td>
<td>$42.00</td>
<td>$426.0K</td>
<td>4.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.95</td>
<td>$9.95</td>
<td>$10.88</td>
<td>$30.00</td>
<td>$54.4K</td>
<td>989</td>
<td>39</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$1.68</td>
<td>$1.66</td>
<td>$1.68</td>
<td>$40.00</td>
<td>$50.4K</td>
<td>18.7K</td>
<td>432</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$1.84</td>
<td>$1.83</td>
<td>$1.84</td>
<td>$40.00</td>
<td>$36.8K</td>
<td>4.9K</td>
<td>280</td>
</tr>
<tr>
<td>VZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$42.00</td>
<td>$33.2K</td>
<td>4.9K</td>
<td>90</td>
</tr>
</tbody>
</table>

<h3>About Verizon Communications</h3>
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
Having examined the options trading patterns of Verizon Communications, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Verizon Communications's Current Market Status</h3>
<ul>
<li>With a trading volume of 10,909,077, the price of VZ is up by 1.59%, reaching $40.31.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 85 days from now.</li>
</ul>
<h3>Expert Opinions on Verizon Communications</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $44.0.
<ul>
<li>An analyst from Wells Fargo persists with their Equal-Weight rating on Verizon Communications, maintaining a target price of $40. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Verizon Communications, targeting a price of $48. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Verizon Communications, targeting a price of $48. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Verizon Communications with a target price of $40. </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 Verizon Communications with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Verizon Communications

Deep-pocketed investors have adopted a bullish approach towards Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Air Products &amp; Chemicals. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 25% bearish. Among these notable options, 6 are puts, totaling $281,380, and 6 are calls, amounting to $235,695.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $270.0 for Air Products &amp; Chemicals over the last 3 months. 
<h3>Volume &amp; Open Interest Development</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 Air Products &amp; Chemicals'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 Air Products &amp; Chemicals's whale activity within a strike price range from $240.0 to $270.0 in the last 30 days. 
<h3>Air Products &amp; Chemicals 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714416350_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.9</td>
<td>$20.5</td>
<td>$20.9</td>
<td>$240.00</td>
<td>$54.3K</td>
<td style="text-align: right;">433</td>
<td style="text-align: right;">52</td>
</tr>
<tr>
<td>APD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.9</td>
<td>$20.9</td>
<td>$20.9</td>
<td>$240.00</td>
<td>$54.3K</td>
<td style="text-align: right;">433</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>APD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.3</td>
<td>$21.1</td>
<td>$21.1</td>
<td>$240.00</td>
<td>$52.7K</td>
<td style="text-align: right;">433</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>APD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.4</td>
<td>$21.1</td>
<td>$21.1</td>
<td>$240.00</td>
<td>$52.7K</td>
<td style="text-align: right;">433</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>APD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.5</td>
<td>$17.8</td>
<td>$18.2</td>
<td>$250.00</td>
<td>$45.5K</td>
<td style="text-align: right;">602</td>
<td style="text-align: right;">44</td>
</tr>
</tbody>
</table>

<h3>About Air Products &amp; Chemicals</h3>
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.
Having examined the options trading patterns of Air Products &amp; Chemicals, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Air Products &amp; Chemicals's Current Market Status</h3>
<ul>
<li>With a trading volume of 775,047, the price of APD is up by 0.52%, reaching $237.3.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 1 days from now.</li>
</ul>
<h3>What The Experts Say On Air Products &amp; Chemicals</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $285.0.
<ul>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Air Products &amp; Chemicals, targeting a price of $285. </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 Air Products &amp; Chemicals, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Air Products & Chemicals's Recent Unusual Options Activity

Scotiabank analyst Tristan Richardson maintains Array Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) with a Sector Outperform and lowers the price target from $25 to $18.

ARRY

Scotiabank Maintains Sector Outperform on Array Technologies, Lowers Price Target to $18

TikTok&#8217;s parent company, ByteDance, <a href="https://www.benzinga.com/news/24/04/38460175/tiktok-would-rather-shutdown-than-opt-for-sale">would rather face a shutdown, or ban, than sell</a>, according to Reuters.
In a video, TikTok CEO Shou Chew promised that the Beijing-based company would first <a href="https://www.benzinga.com//node/38394855">fight the ban in court</a>.
The video currently has almost 3 million views. TikTok boasts roughly 170 million users. 
President Joe Biden recently <a href="https://www.benzinga.com//node/38394855">signed into law a bill that gives</a> ByteDance nine to 12 months to sell its U.S. assets to a domestic buyer. Otherwise, it faces an outright ban.
The bill saw bipartisan support in the House and Senate. 
Observers argue that a ban could benefit the platform's main competitors in the U.S., including Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) — both of which count <a href="https://www.benzinga.com/news/23/03/31521439/conflict-of-interest-congress-members-who-own-meta-goog-snap-shares-could-benefit-from-tiktok-ban">members of Congress as investors</a>.
Lawmakers argue the decision stems from a series of classified briefings from the FBI, the Justice Department and the Director of National Intelligence. 
Last week, Meta lost over 15% of its value in one day <a href="https://www.benzinga.com//node/38441148">after reporting worse-than-expected quarterly results</a>. The lackluster earnings report was strong enough to counteract positive speculation around the TikTok bill.
Conversely, Snap shares rose more than 25% last week <a href="https://www.benzinga.com/markets/equities/24/04/38456421/snap-gains-over-25-whats-going-on">after reporting quarterly earnings of $46 million, compared to $1 million in the prior year</a>. 
Shou insists the bill was designed to ban the app.
"Make no mistake, this is a ban. Many who sponsor the bill admit a TikTok ban is their ultimate goal," he said.
See Also: <a href="https://www.benzinga.com/news/24/04/38423296/expert-slams-tiktok-ban-bill-as-way-too-vague-questions-impact-on-donald-trumps-truth-social-rumble">Expert Slams TikTok Ban Bill As &#8216;Way Too Vague,&#8217; Questions Impact On Donald Trump&#8217;s Truth Social, Rumble And X</a>
<h3 class="wp-block-heading">TikTok: &#8216;We Aren&#8217;t Going Anywhere&#8217; </h3>
TikTok is known for its recommendation algorithm, which has been touted as the "secret sauce" behind its massive global success.
The issue has extra complications for the company, which is stuck between the geopolitical interests of the world's two largest economies. 
While the U.S. government is deeming TikTok a national security risk, China has a hold over the company's ability to sell its U.S. platform. Since TikTok's recommendation algorithm is listed in the country's export-control list, <a href="https://www.benzinga.com/markets/asia/24/03/37800098/tiktok-ban-china-has-the-power-to-block-sale-gains-leverage-over-washington">China could decide to block the sale</a> altogether.
That would leave ByteDance with the option of selling TikTok's brand and design without its algorithm.
But, according to Shou, a legal fight will transpire before a sale. 
"Rest assured, we aren&#8217;t going anywhere. We're confident and we will keep fighting for your rights in the courts," said Shou.
Shou also hinted at the idea the ban is threatening freedom of expression in the U.S. in his video statement.
"It's actually ironic, because the freedom of expression on TikTok reflects the same American values that make the United States a beacon of freedom," said Shou.
First Amendment Vs. National Security: Legal experts <a href="https://www.theverge.com/24141539/tiktok-ban-bytedance-china-dc-circuit-supreme-court">quoted</a> by The Verge agree that the unconstitutionality of the ban is the strongest claim the company has against the law. 

Yet the national security aspect of the legislation makes it especially hard to challenge in court, as courts are normally reluctant to overstep Congressional decisions regarding national security matters.
The TikTok challenge will first go to the D.C Circuit Court, the main court of appeals for issues of constitutional law, and second in line after the Supreme Court.
What will ultimately be debated in court — and in the public sphere — is whether national security concerns trump the First Amendment in this specific scenario.
ByteDance has yet to file a claim, but experts are expecting legal action to come from business owners and influencers who lean on the app to keep their businesses running.
Now Read: <a href="https://www.benzinga.com/government/24/04/38445920/tiktok-will-stop-paying-people-for-using-the-app-after-eu-raised-addiction-concerns">TikTok Will Stop Paying People For Using The App After EU Raised Addiction Concerns</a>
Shutterstock image.

Tech

Media

General

SNAP

TikTok Ban: Courts Must Decide Whether National Security Concerns Trump Freedom Of Expression

European pharma giant&nbsp;AstraZeneca Plc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) Covid vaccine, developed with the University of Oxford, is facing a class action lawsuit alleging its vaccine caused death and&nbsp;serious&nbsp;injury in&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/22/02/25785890/blood-clot-risk-after-first-astrazeneca-covid-19-shot-very-small-uk-study-shows" rel="noreferrer noopener">numerous cases</a>.&nbsp;
Lawyers representing the plaintiffs argue that the vaccine resulted in side effects for a small number of families, including brain injuries and fatalities.
AstraZeneca, while&nbsp;contesting the claims, has acknowledged in court documents that its vaccine can, in rare instances, cause Thrombosis with Thrombocytopenia Syndrome (TTS), a condition characterized by blood clots and&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/23/08/34021812/astrazeneca-under-legal-lens-faces-two-covid-19-vaccine-lawsuits-in-london" rel="noreferrer noopener">low&nbsp;blood&nbsp;platelet counts</a>.
&nbsp;In the legal document submitted to the High Court in February, AstraZeneca&nbsp;<a target="_blank" href="https://www.telegraph.co.uk/news/2024/04/28/astrazeneca-admits-covid-vaccine-causes-rare-side-effect/" rel="noreferrer noopener">said</a>: &#8220;It is admitted that the AstraZeneca vaccine can, in&nbsp;very rare&nbsp;cases, cause TTS. The causal mechanism is not known.&#8221;
This admission follows a year of legal battles and could potentially lead to significant payouts for victims and their families.
However, AstraZeneca maintains that the causal mechanism behind TTS is not fully understood and that the condition can occur independently of its vaccine.
Meanwhile, lawyers argue that the AstraZeneca-Oxford vaccine is defective and its efficacy has&nbsp;been overstated. They claim that the vaccine has caused a new illness known as vaccine-induced immune thrombocytopenia and thrombosis (VITT), a subset of TTS, although AstraZeneca&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/22/03/26196630/astrazeneca-mulls-ditching-us-approval-for-its-covid-19-vaccine-ft" rel="noreferrer noopener">disputes the terminology</a>.
AstraZeneca&#8217;s vaccine&nbsp;is no longer used&nbsp;in the UK, and under-40s are offered alternative jabs due to safety concerns.&nbsp;
Fifty-one cases have been filed in the High Court by victims and their families seeking compensation valued at approximately £100 million.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/23/12/36324138/covax-global-initiative-for-covid-19-vaccines-comes-to-an-end-amid-shift-to-regular-programs" rel="noreferrer noopener">COVAX Global Initiative For COVID-19 Vaccines Comes To An End Amid Shift To Regular Programs</a>.
Price Action:&nbsp;AZN shares are up 0.44% at $75.50&nbsp;at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Paul McManus via Pixabay

Biotech

Large Cap

Health Care

Legal

AstraZeneca Admits Its COVID-19 Vaccine May Cause Blood Clotting Side Effect In Very Rare Case, But Causal Mechanism Unknown

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.1% on Monday.
The Dow traded up 0.19% to 38,313.56 while the NASDAQ rose 0.13% to 15,948.81. The S&amp;P 500 also rose, gaining, 0.10% to 5,105.25.
Check This Out: <a href="https://www.benzinga.com/news/24/04/38489087/jim-cramer-likes-palantir-recommends-pioneer-natural-resources-i-want-you-to-ka-ching-ka-ching"> Jim Cramer Likes Palantir, Recommends Pioneer Natural Resources: &#8216;I Want You To Ka-Ching, Ka-Ching&#8217;</a>
Leading and Lagging Sectors Consumer discretionary shares rose by 1.9% on Monday.
In trading on Monday, communication services shares fell by 1.7%.
Top Headline
ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) reported better-than-expected first-quarter results.
ON Semiconductor reported a fiscal first-quarter 2024 revenue decline of 5% year-on-year to $1.86 billion, beating the consensus of $1.85 billion. The adjusted EPS of $1.08 beat the consensus of $1.04.
ON Semiconductor expects second-quarter adjusted revenue of $1.68 billion – $1.78 billion, below the consensus of $1.92 billion. The company sees adjusted EPS of $0.86 – $0.98 versus the consensus of $1.10.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Deciphera Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCPH#NASDAQ">DCPH</a>) shares shot up 73% to $25.29 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash.</li>
<li>Shares of Collective Audience, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAUD#NASDAQ">CAUD</a>) got a boost, surging 84% to $0.7356 after the company announced a strategic partnership with Insticator.</li>
<li>Koninklijke Philips N.V.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) shares were also up, gaining 28% to $27.02 after the company announced $1.1 billion settlement for Respironics personal injury and medical monitoring litigation. The company also reported better than expected first-quarter earnings and reaffirmed guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Clever Leaves Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLVR#NASDAQ">CLVR</a>) shares dropped 61% to $1.60 after the company announced that it will voluntarily delist its common shares from the Nasdaq and deregister its Securities to terminate and suspend its reporting obligations.</li>
<li>Shares of Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) were down 50% to $8.12 after the company announced the Phase 2 ADX71149 epilepsy study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to standard of care.</li>
<li>Annovis Bio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANVS#NYSE">ANVS</a>) was down, falling 58% to $7.49 after the company announced data from its Phase II/III Alzheimer study of buntanetap in mild to moderate Alzheimer&#8217;s. Efficacy in the CGIC endpoint was not reached due to the limited number of patients and short trial duration.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38487215/this-analyst-with-86-accuracy-rate-sees-around-13-upside-in-chipotle-mexican-grill-here-are-5-stock">This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>
Commodities In commodity news, oil traded down 0.8% to $83.17 while gold traded up 0.4% at $2,355.80.
Silver traded up 0.6% to $27.410 on Monday, while copper rose 2.1% to $4.67.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.07%, London's FTSE 100 rose 0.09% while Spain's IBEX 35 Index fell 0.48% The German DAX fell 0.24% French CAC 40 fell 0.29% while Italy's FTSE MIB Index rose 0.14%.
The services confidence indicator in the Eurozone fell by 0.4 points to 6.0 in April, while industry confidence indicator declined to -10.5 in April versus a revised level of -8.9 in the prior month. The consumer confidence indicator in the Eurozone increased by 0.2 points to -14.7 in April.
The seasonally adjusted industry confidence indicator in Spain increased by 0.8 points from the prior month to a reading of -3.9 in April. Spain&#8217;s consumer price inflation rate rose to 3.3% year-over-year in April.
Asia Pacific Markets
Asian markets closed higher on Monday, with Hong Kong's Hang Seng Index jumping 0.54%, China's Shanghai Composite climbing 0.79% and India's S&amp;P BSE Sensex gaining 1.28%.
Profits earned by Chinese industrial firms climbed 4.3% year-over-year to CNY 1,505.5305 billion during the first three months of the year, compared to a 10.2% gain in the earlier period.
Economics
The Dallas Fed Manufacturing index fell slightly to -14.5 in April from March&#8217;s reading of -14.4.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38485545/top-3-real-estate-stocks-that-are-set-to-fly-in-april">Top 3 Real Estate Stocks That Are Set To Fly In April</a>

Earnings

Eurozone

Commodities

Intraday Update

Trading Ideas

ADXN

ANVS

CAUD

CLVR

DCPH

S&P 500 Edges Higher; ON Semiconductor Earnings Top Views

DXLG

DXL Big + Tall Announces Strategic Collaboration with Nordstrom To Bring Fit Expertise To More Big + Tall Customers

CIBC analyst Kevin Chiang maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Neutral and raises the price target from $207 to $220.

CIBC Maintains Neutral on Waste Management, Raises Price Target to $220

Academy Sports's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NYSE">ASO</a>) short percent of float has fallen 38.94% since its last report. The company recently reported that it has 4.69 million shares sold short, which is 11.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Academy Sports Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714415424_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Academy Sports has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Academy Sports's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Academy Sports's peer group average for short interest as a percentage of float is 14.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(ASO) - Analyzing Academy Sports's Short Interest

Edison Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) short percent of float has risen 3.35% since its last report. The company recently reported that it has 6.67 million shares sold short, which is 2.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Edison Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714415419_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Edison Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Edison Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edison Intl's peer group average for short interest as a percentage of float is 2.47%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(EIX) - Analyzing Edison Intl's Short Interest

Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) has outperformed the market over the past 10 years by 9.61% on an annualized basis producing an average annual return of 20.18%. Currently, Boot Barn Holdings has a market capitalization of $3.27 billion. 
Buying $100 In BOOT: If an investor had bought $100 of BOOT stock 10 years ago, it would be worth $628.40 today based on a price of $107.79 for BOOT at the time of writing.
<h3>Boot Barn Holdings's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714415417_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BOOT

If You Invested $100 In This Stock 10 Years Ago, You Would Have $600 Today

Pure Storage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) short percent of float has fallen 7.78% since its last report. The company recently reported that it has 8.20 million shares sold short, which is 3.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Pure Storage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714415413_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pure Storage has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Pure Storage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Pure Storage's peer group average for short interest as a percentage of float is 6.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

PSTG

Peering Into Pure Storage's Recent Short Interest

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 5 years by 18.64% on an annualized basis producing an average annual return of 30.28%. Currently, First Citizens BancShares has a market capitalization of $24.92 billion. 
Buying $100 In FCNCA: If an investor had bought $100 of FCNCA stock 5 years ago, it would be worth $378.43 today based on a price of $1715.01 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714415412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FCNCA

Here's How Much You Would Have Made Owning First Citizens BancShares Stock In The Last 5 Years

Editor&#8217;s note: The headline and body of this story have been corrected to specify the price action was in Nikkei 225 futures. 
The Bank of Japan (BoJ) intervened in the foreign-exchange market on Monday to bolster the weakening Japanese yen, which had plunged to a 34-year low <a href="https://www.benzinga.com/topic/japan">of 160 per dollar. </a>
In response to the move, the yen saw a notable recovery, jumping as much as 3% to 154.6 against the dollar following the intervention, before retracing to 156.80 at the time of this writing. 
<h3 class="wp-block-heading">Chart: Dollar-Yen Tumbles After BoJ Intervenes In FX Market</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246-1024x495.png" alt="" class="wp-image-313477" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103557/image-246.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Why Did The BoJ Intervene?</h3>
In response to the Japanese yen depreciating by over 10% in less than four months in 2024, Japanese monetary authorities decided on Monday to take actions to stabilize the domestic currency&#8217;s value. 
These interventions are typically ordered by the Ministry of Finance, as officials believe that sudden and disorderly fluctuations in exchange rates can have adverse financial consequences. 
The yen had experienced depreciation in six of the previous seven weeks, reaching as low as 160 against the dollar, prompting the Bank of Japan to deploy countermeasures. 
Foreign exchange interventions involve the sale of foreign exchange reserves in exchange for domestic currency to support its value. 
The last time Japan intervened in this manner was in October 2022, when the yen had fallen to around 152 per dollar, with an estimated expenditure of approximately 9.2 trillion yen ($60.78 billion) to defend the currency.
The primary culprit behind the yen&#8217;s deterioration is the contrasting monetary policies between the Federal Reserve and the Bank of Japan. 
Despite the Japanese central bank&#8217;s rate hike in March—ending a 14-year period of zero or negative interest rates—the increase was not only modest, at just 10 basis points, but the BoJ also provided no clear indications of future rate adjustments.
This tentative approach failed to reverse the yen&#8217;s downward trajectory. 
Simultaneously, higher-than-expected inflation data in the United States led market participants to revise down their expectations of future rate cuts by the Fed, further widening the policy gap between the two countries and exerting pressure on the yen.
As the chart below shows, the dollar-yen rate reflects the flip side of the yield differential between 10-year U.S. Treasuries and Japanese bonds.
<h3 class="wp-block-heading">Chart: USD/JPY vs. 10-Year US-Japan Yield Spread</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247-1024x495.png" alt="" class="wp-image-313482" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103725/image-247.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Impact on Japanese Equities</h3>
The Bank of Japan&#8217;s intervention in the foreign exchange market resulted in a decline in the dollar-yen exchange rate, which in turn negatively impacted futures on the major Japanese stock market index. 
Futures on the Nikkei 225, which comprises 225 large-cap Japanese companies, experienced a 0.8% decline from midnight to 10 a.m. EDT on Monday, while the dollar depreciated by 1.6% against the yen during the same period.
<h3 class="wp-block-heading">Chart: Nikkei Index Falls After BoJ FX Interventions</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248-1024x495.png" alt="" class="wp-image-313487" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29103925/image-248.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Japanese stocks in the Nikkei 225 typically benefit from a weaker yen, as domestic companies become more competitive in international markets, potentially boosting the value of their exports.
This phenomenon particularly benefits industries heavily reliant on overseas sales, such as automotive and electronics sectors, which are prominent components of the Nikkei 225.
For instance, leading Japanese automakers like Toyota Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) stand to gain from a weaker yen as it lowers the cost of their vehicles in foreign markets. This, in turn, can stimulate demand and bolster sales volumes, ultimately translating into higher revenues and improved profitability for these companies.
Analyzing the relationship between Toyota&#8217;s stock performance and the dollar-yen exchange rate over the past year reveals a notable correlation. As the dollar strengthened relative to the yen, shares of Toyota tended to exhibit upward momentum, reflecting stronger investor optimism about the company&#8217;s competitive position in international markets.
<h3 class="wp-block-heading">Chart: Japanese Automaker Toyota Cheers On Weaker Yen </h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250-1024x495.png" alt="" class="wp-image-313576" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29112349/image-250.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read now: <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame">Federal Reserve Meeting Preview: High Interest Rates &#8216;Need More Time To Work,&#8217; Bank of America Says</a>
Image generated using artificial intelligence via Midjourney.

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Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Futures Dip? 4 Charts To Watch (CORRECTED)

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading higher Monday, and the stock is up more than 20% <a href="https://www.benzinga.com/news/24/04/38459818/real-deal-amid-microsoft-google-earnings-techpreneur-says-by-2030-companies-not-fully-utilizing-ai-w">over the past five days</a>.
What To Know:
Shares of semiconductor companies rose last week following strong earnings from Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Google parent Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), all of which highlighted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">strong demand</a> for artificial intelligence and increasing capital expenditures in the field of AI. 
SMCI is set to report its third-quarter financial results after the bell on Tuesday and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>, analysts expect the company to report earnings of $5.84 per share and quarterly revenue of $3.99 billion.
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<h2 class="wp-block-heading">SMCI Stock Prediction 2024: </h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Super Micro Computer have an average 1-year price target of $961.13, representing an expected upside of 9.05%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 1 analyst has a bearish recommendation on Super Micro Computer, while 10 analysts have bullish ratings. The street high price target from Loop Capital is $1500, while the street low from Susquehanna is $250.
SMCI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Super Micro shares are up 3.7% at $889.15 at the time of publication Monday.
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