Tenable Holdings Stock (NASDAQ:TENB), Trade Ideas

Tenable Holdings

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

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Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

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Breaking down 10 stock market predictions for the technology sector for 2024 from analyst Daniel Ives and what they could mean.

2024 Predictions For Apple, Tesla, &#39;Magnificent 7&#39; And Musk From Analyst Dan Ives: It&#39;s AI&#39;s &#39;1995 Moment&#39;

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	OmniLit Acquisition Corp. (NASDAQ: OLIT) jumped 53.2% to $15.53. OmniLit announced that its merger with Syntec was approved by shareholders.


Why STAAR Surgical Shares Are Trading Lower By Around 16%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Tenable Holdings Inc

Financial giants have made a conspicuous bullish move on Blackstone. Our analysis of options history for Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,716,563, and 6 were calls, valued at $276,269.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $150.0 for Blackstone over the recent three months. 
<h3>Analyzing 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 Blackstone'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 Blackstone's whale activity within a strike price range from $90.0 to $150.0 in the last 30 days. 
<h3>Blackstone Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715111146_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$14.45</td>
<td>$12.7</td>
<td>$13.05</td>
<td>$120.00</td>
<td>$1.0M</td>
<td>4.2K</td>
<td>801</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$6.15</td>
<td>$5.4</td>
<td>$5.75</td>
<td>$90.00</td>
<td>$287.5K</td>
<td>2.7K</td>
<td>500</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.27</td>
<td>$1.12</td>
<td>$1.12</td>
<td>$119.00</td>
<td>$117.7K</td>
<td>129</td>
<td>1.0K</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.9</td>
<td>$3.85</td>
<td>$3.9</td>
<td>$125.00</td>
<td>$97.5K</td>
<td>4.3K</td>
<td>307</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.15</td>
<td>$1.07</td>
<td>$1.14</td>
<td>$119.00</td>
<td>$79.7K</td>
<td>129</td>
<td>2.1K</td>
</tr>
</tbody>
</table>

<h3>About Blackstone</h3>
Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% and 21%), and hedge fund solutions (10% and 8%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Having examined the options trading patterns of Blackstone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Blackstone Standing Right Now?</h3>
<ul>
<li>With a volume of 2,283,868, the price of BX is up 0.28% at $121.55. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>Expert Opinions on Blackstone</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $134.4.
<ul>
<li>Consistent in their evaluation, an analyst from TD Cowen keeps a Hold rating on Blackstone with a target price of $114. </li>
<li>An analyst from B of A Securities persists with their Buy rating on Blackstone, maintaining a target price of $132. </li>
<li>An analyst from Argus Research has decided to maintain their Buy rating on Blackstone, which currently sits at a price target of $135. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Blackstone with a target price of $145. </li>
<li>An analyst from Piper Sandler has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $146. </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 Blackstone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Blackstone Unusual Options Activity For May 07

Whales with a lot of money to spend have taken a noticeably bullish stance on Synopsys.
Looking at options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $869,868 and 10, calls, for a total amount of $855,679.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $800.0 for Synopsys over the recent 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 Synopsys's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Synopsys's significant trades, within a strike price range of $300.0 to $800.0, over the past month.
<h3>Synopsys Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715111140_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>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.2</td>
<td>$36.0</td>
<td>$35.99</td>
<td>$520.00</td>
<td>$282.5K</td>
<td>72</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$24.1</td>
<td>$23.4</td>
<td>$23.4</td>
<td>$570.00</td>
<td>$234.0K</td>
<td>259</td>
<td style="text-align: right;">133</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$32.7</td>
<td>$32.6</td>
<td>$32.6</td>
<td>$550.00</td>
<td>$163.0K</td>
<td>900</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$22.0</td>
<td>$20.6</td>
<td>$20.5</td>
<td>$700.00</td>
<td>$161.9K</td>
<td>1.6K</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$30.8</td>
<td>$29.2</td>
<td>$29.2</td>
<td>$550.00</td>
<td>$125.5K</td>
<td>900</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Following our analysis of the options activities associated with Synopsys, we pivot to a closer look at the company's own performance.
<h3>Synopsys's Current Market Status</h3>
<ul>
<li>Trading volume stands at 533,932, with SNPS's price up by 0.75%, positioned at $549.65.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 15 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 Synopsys options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

SNPS

Looking At Synopsys's Recent Unusual Options Activity

Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $98,724, and 7 were calls, valued at $500,958.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $35.0 for Carnival over the recent three 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 Carnival'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 Carnival's whale activity within a strike price range from $12.0 to $35.0 in the last 30 days. 
<h3>Carnival Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715111135_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.58</td>
<td>$0.56</td>
<td>$0.58</td>
<td>$15.00</td>
<td>$290.0K</td>
<td>30.4K</td>
<td>7.2K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.67</td>
<td>$0.62</td>
<td>$0.62</td>
<td>$30.00</td>
<td>$62.0K</td>
<td>10.6K</td>
<td>1.9K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$0.27</td>
<td>$0.26</td>
<td>$0.27</td>
<td>$14.00</td>
<td>$54.3K</td>
<td>14.0K</td>
<td>2.7K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.18</td>
<td>$0.15</td>
<td>$0.16</td>
<td>$12.50</td>
<td>$44.4K</td>
<td>61.9K</td>
<td>3.8K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.58</td>
<td>$0.56</td>
<td>$0.57</td>
<td>$15.00</td>
<td>$37.8K</td>
<td>30.4K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&amp;O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Carnival's Current Market Status</h3>
<ul>
<li>Trading volume stands at 18,490,006, with CCL's price down by -2.84%, positioned at $14.19.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 48 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 Carnival options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Carnival

Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) shareholder and co-chair William H. Milmoe sold over $76 million worth of the company&#8217;s stock.&nbsp;
The divestiture was announced Monday afternoon ahead of the energy drink company&#8217;s earnings report Tuesday morning.
According to regulatory filings, Milmoe offloaded shares amounting to over $76 million at an average price of $59.66 per share. 
This information was revealed in the latest Form 4 filing with the U.S. Securities and Exchange Commission. The transactions were carried out over three days, from May 2 to May 6. Milmoe sold exactly 214,287 shares of common stock each day.
See Also: <a href="https://www.benzinga.com/news/24/05/38635067/elon-musk-says-robert-de-niro-is-so-out-of-touch-its-insane-after-legendary-actor-compares-trump-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Thinks Robert De Niro Is &#8216;So Out Of Touch, It&#8217;s Insane&#8217; After Legendary Actor Compares Trump To Hitler</a>
CD Financial LLC, where Milmoe serves as the manager, delivered the shares upon the exercise of call options sold to unaffiliated third-party purchasers last year. 
Milmoe still indirectly retains a substantial stake in Celsius through his role in CD Financial LLC and as a trustee of the Carl DeSantis Revocable Trust.
It&#8217;s unclear why Milmoe sold the stock; the transaction has been reported in compliance with SEC regulations. Celsius Holdings has not made any official statements regarding the transactions.
Investors often view insider transactions as an indicator of the executives&#8217; confidence in the company&#8217;s future prospects. The impact of this insider sale on investor sentiment towards Celsius Holdings remains to be seen.
Read Next: <a href="https://www.benzinga.com/news/24/05/38630115/trump-vs-biden-latest-polls-dont-bode-well-for-one-candidate-in-tight-presidential-race?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Latest Polls Don&#8217;t Bode Well For One Candidate In Tight Presidential Race</a>
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

CELH

Insider Sells Nearly $76 Million In Stock At This Energy Drink Company: What's Going On With Celsius Holdings?

Tuesday,&nbsp;Eledon Pharmaceuticals&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELDN#NASDAQ">ELDN</a>) announced that the first participant in an investigator-led clinical trial has received an islet cell transplant and is being treated with tegoprubart&nbsp;for the prevention of&nbsp;pancreatic islet cell transplant rejection in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38664474/eledon-announces-clinical-progress-with-tegoprubart-in-the-prevention-of-transplant-rejection" rel="noreferrer noopener">type 1 diabetes patients</a>.
The company also reported updated data from its ongoing Phase 1b trial as of April 2024&nbsp;from 13 participants, demonstrating&nbsp;that tegoprubart is generally safe and well-tolerated and&nbsp;supports tegoprubart&#8217;s&nbsp;potential to protect organ function in patients undergoing kidney transplantation.
Aggregate mean estimated glomerular filtration rate (eGFR)&nbsp;–&nbsp;a measure of kidney function&nbsp;–&nbsp;measured above 60 mL/min/1.73m2 at all reported time points after day 30.
Two subjects completed 12 months&nbsp;on&nbsp;therapy post-transplant&nbsp;and&nbsp;both demonstrated mean eGFRs above 90 mL/min/1.73m2 at one year.
To date, three subjects discontinued the study because of hair loss and fatigue, viral infection, and rejection, respectively.&nbsp;
There have been no cases of graft loss or death.&nbsp;
Eledon is currently conducting a Phase 1b trial, the Phase 2 BESTOW trial, and a Long-Term Safety and Efficacy extension study to evaluate&nbsp;tegoprubart&nbsp;for&nbsp;the prevention of&nbsp;organ rejection in kidney transplant patients.
Concurrently, Eledon Pharmaceuticals announced a private placement of approximately $50 million, offering 13.1 million shares at&nbsp;$2.37&nbsp;per share and pre-funded warrants at $2.369 per underlying share, which are exercisable to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38664219/eledon-pharmaceuticals-announces-oversubscribed-50-million-private-placement" rel="noreferrer noopener">purchase 7.99 million shares</a>.
HC Wainwright suggests that islet cell transplantation could be a promising way to reverse type 1 diabetes by restoring metabolic control without relying on insulin injections. The analyst highlights tegopruibart&#8217;s potential to decrease or replace intensive anti-rejection drugs without causing side effects.&nbsp;
HC Wainwright reiterates the Buy rating, and with&nbsp;increased confidence in&nbsp;tegoprubart&#8217;s&nbsp;probability of advancement into a pivotal study, it has raised the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ELDN/analyst-ratings" rel="noreferrer noopener">price target from $13 to $16</a>.
The analyst continues to look for the potential signing of a licensing collaboration agreement, including an upfront payment worth up to&nbsp;$100 million, for further development and commercialization of&nbsp;tegoprubart&nbsp;around the 2025 timeframe as a future catalyst.
Price Action:&nbsp;ELDN shares&nbsp;are&nbsp;down 9.63% at $2.21&nbsp;at last check&nbsp;Tuesday.

Biotech

Health Care

Financing

Offerings

ELDN

Nano-Cap Eledon Pharmaceuticals' Investigational Drug Shows Safety In Early Organ Transplant Study, Analyst Boosts Forecast On Increased Confidence

Rubicon Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) witnessed a downturn in its stock performance on Tuesday subsequent to announcing two significant transactions: the sale of its fleet technology business unit and the issuance of <a href="https://www.benzinga.com/pressreleases/24/05/b38668311/rubicon-announces-sale-of-fleet-technology-business-unit-and-issuance-of-preferred-equity">convertible preferred stock</a>.
What To Know: <a href="https://www.benzinga.com/news/24/05/38668465/rubicon-announces-sale-of-fleet-technology-business-unit-and-issuance-of-preferred-equity-for-94-2m">Valued at $94.2 million, Rubicon sold its fleet technology arm</a> to Rodina Capital, a Florida-based private investment firm. This deal, approved by Rubicon&#8217;s Board of Directors and an independent special committee, included upfront cash and an earnout consideration of $74.2 million, alongside the issuance of $20 million in convertible preferred stock.
These strategic moves aim to fortify Rubicon&#8217;s long-term sustainability by enhancing its balance sheet, reducing debts and boosting liquidity. CEO Phil Rodoni expressed optimism, emphasizing Rubicon&#8217;s commitment to innovation and sustainability practices.
&#8220;Through these transactions, Rubicon has significantly strengthened its balance sheet, providing a substantial cash infusion into the business to allow us to achieve our ambitious goals,&#8221; Rodoni said.
Osman Ahmed, Rubicon&#8217;s lead independent director, also hailed the transactions as transformative, providing the financial strength needed for the company&#8217;s ambitious growth plans. Ahmed noted that the sale underscores Rubicon&#8217;s dedication to core principles and customer-focused solutions.
Market Response: Following Tuesday&#8217;s announcements, Rubicon shares experienced a decline, reflecting the investor response to the company&#8217;s strategic maneuvers aimed at fortifying its market position and delivering enhanced value to shareholders and customers.
See Also: <a href="https://www.benzinga.com/top-stories/24/05/38679782/george-soros-ex-employee-just-sold-a-large-nvidia-stake-druckenmiller-says-it-was-a-hell-of-a-run">George Soros&#8217; Ex-Employee Just Sold A Large Nvidia Stake</a>
RBT Price Action: Rubicon Technologies shares were down 13.84% at 30 cents Tuesday afternoon, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="1006" height="685" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07151045/RBT-3.png" alt="" class="wp-image-326945" style="width:466px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07151045/RBT-3.png 1006w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07151045/RBT-3-300x204.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07151045/RBT-3-768x523.png 768w" sizes="(max-width: 1006px) 100vw, 1006px" /></figure>
Image: Rubicon Techonologies

Rubicon Technologies Shares Dip After Fleet Technology Business Sale

Israeli forces have taken control of the Rafah crossing, the principal gateway between Gaza and Egypt, on the day after Hamas accepted what was described by Israeli officials as a softened version <a href="https://www.benzinga.com/general/macro-notification/24/05/38652249/israel-terms-gaza-ceasefire-accepted-by-hamas-as-softened-us-opposes-netanyahus-operat">of their ceasefire terms.</a>
The terms failed to meet the demands of Israeli Prime Minister Benjamin Netanyahu, prompting Israeli tanks to advance into the southern Gaza Strip early Tuesday.
An Israeli military spokesperson, speaking to <a href="https://www.timesofisrael.com/liveblog-may-7-2024/">The Times of Israel</a>, described the action as a "limited operation" with a clear objective to compel Hamas into accepting a more comprehensive agreement that aligns closer with Israeli security demands.
Rafah Operations Hinder Negotiation Process, Hamas Says: In response to the Israeli military&#8217;s advancements, Hamas spokesman Osama Hamdan issued a stern warning about the potential collapse of the ceasefire agreement.
Hamdan&#8217;s statement conveyed a sense of urgency and a call to action, particularly directed at the U.S. and its role in moderating the conflict: "The ball now is in Netanyahu's court. The ball is also in the court of the U.S. administration… to prove and establish their sincerity by pressuring Netanyahu's government."
US Concerned On Israeli Operation In Rafah: The White House, through national security spokesperson John Kirby, expressed optimism that the remaining disagreements between Israel and Hamas could be bridged to achieve a ceasefire-for-hostages agreement.
The White House has also stated that the crossings in Gaza, which have been closed, need to be reopened as early as Wednesday.
Furthermore, the Biden administration&#8217;s decision to delay specific arms shipments to Israel appears to be a tactical move to signal discontent with the current trajectory of Israeli military actions. As reported by Reuters, the delayed shipments, which have been on hold for at least two weeks, include Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)-made Joint Direct Attack Munitions, which transform unguided bombs into precision-guided munitions, and Small Diameter Bombs.
This withholding of military support is a critical lever in U.S.-Israel relations, reflecting broader concerns about the potential implications of ongoing hostilities.
UN Secretary-General's Condemnation: UN Secretary-General Antonio Guterres strongly condemned the Israeli assault on Rafah, describing it as a &#8220;strategic mistake&#8221; and a &#8220;political calamity&#8221; that could lead to a &#8220;humanitarian nightmare.&#8221; Guterres appealed to international influencers to intervene and help avert further escalation and tragedy.
Market Reactions: Israeli stocks rose Tuesday, with the iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>) up 1% shortly before New York market close. Oil prices held broadly flat for the day. The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), which tracks the performance of the West Texas Intermediate (WTI) light crude, inched 0.2% higher.
Read now: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38677762/us-stocks-eye-fourth-positive-session-despite-hawkish-fed-remarks-disney-palantir-tumble-t">US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What&#8217;s Driving Markets Tuesday?</a>
Photo: Shutterstock

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ETFs

iShares MSCI Israel Capped Investable Market Index Fund

Israeli Forces Seize Control At Rafah Crossing As Ceasefire Negotiations Falter: US Delays Military Shipments To Israel

Mizuho&nbsp;analyst Dan Dolev reiterated a Buy rating on&nbsp;Robinhood Markets, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) with a price target of $21.
HOOD announced that it had received a Wells Notice&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/05/38647248/sec-nudges-robinhood-over-crypto-operations" rel="noreferrer noopener">from the SEC</a>&nbsp;on May 4 stating that the SEC had made a preliminary determination to recommend an enforcement action against Robinhood Crypto alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934, the analyst flagged.
Also&nbsp;Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38670552/robinhoods-expected-move-to-profitability-in-2024-a-positive-sign-ahead-of-q1-earni" rel="noreferrer noopener">Robinhood&#8217;s Expected Move To Profitability In 2024 &#8216;A Positive Sign&#8217; Ahead Of Q1 Earnings, Analyst Says</a>
The concerns regarding the notice are likely overblown as it is unlikely entirely new news, as investigative subpoenas from the SEC were previously disclosed, and crypto rebates represented 7% of fiscal 2023 revenues and 15% of AUC, as per the analyst. 
Also,&nbsp;Coinbase Global, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), where crypto overall exposure is 100%, is up nearly 3x since receiving a Wells Notice in March 2023.
Dolev valued HOOD on 6x fiscal 2025 revenues. HOOD currently trades at ~5x EV /&nbsp;fiscal&nbsp;2025 revenues, which&nbsp;is in line&nbsp;with the FinTech peer group multiple. He noted a premium is appropriate given the strong execution exhibited so far in fiscal 2024.&nbsp;
Robinhood Markets stock gained 104% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;ARK Next&nbsp;Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and&nbsp;ARK Fintech&nbsp;Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>).
Price Action: HOOD shares traded higher by 1.27% at $18.01 at the last check Tuesday.
Photo via Shutterstock

Price Target

Reiteration

ARKF

ARKW

COIN

HOOD

Robinhood's SEC Challenges Likely Overblown, Shares Up as Market Shrugs Off Crypto Concerns: Analyst

<a href="https://www.statnews.com/2024/05/07/duchenne-muscular-dystrophy-pfizer-gene-therapy-boy-dies/" title="https://www.statnews.com/2024/05/07/duchenne-muscular-dystrophy-pfizer-gene-therapy-boy-dies/">https://www.statnews.com/2024/05/07/duchenne-muscular-dystrophy-pfizer-gene-therapy-boy-dies/</a>

Watching Pfizer Shares; Traders Circulating STAT News Report 'Young boy dies in trial for Pfizer Duchenne gene therapy'

Whales with a lot of money to spend have taken a noticeably bearish stance on Unity Software.
Looking at options history for Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $280,713 and 3, calls, for a total amount of $157,010.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.0 to $35.0 for Unity Software over the recent three months. 
<h3>Volume &amp; Open Interest Trends</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 Unity Software'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 Unity Software's whale activity within a strike price range from $22.0 to $35.0 in the last 30 days. 
<h3>Unity Software 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715110249_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>U</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$1.93</td>
<td>$1.88</td>
<td>$1.89</td>
<td>$27.00</td>
<td>$94.5K</td>
<td style="text-align: right;">896</td>
<td style="text-align: right;">533</td>
</tr>
<tr>
<td>U</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.69</td>
<td>$2.67</td>
<td>$2.69</td>
<td>$22.00</td>
<td>$83.9K</td>
<td style="text-align: right;">130</td>
<td style="text-align: right;">651</td>
</tr>
<tr>
<td>U</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$13.85</td>
<td>$11.95</td>
<td>$12.85</td>
<td>$35.00</td>
<td>$75.8K</td>
<td style="text-align: right;">404</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>U</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.75</td>
<td>$2.71</td>
<td>$2.75</td>
<td>$26.00</td>
<td>$55.0K</td>
<td style="text-align: right;">976</td>
<td style="text-align: right;">609</td>
</tr>
<tr>
<td>U</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.7</td>
<td>$2.66</td>
<td>$2.66</td>
<td>$22.00</td>
<td>$39.9K</td>
<td style="text-align: right;">130</td>
<td style="text-align: right;">801</td>
</tr>
</tbody>
</table>

<h3>About Unity Software</h3>
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC, and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
Following our analysis of the options activities associated with Unity Software, we pivot to a closer look at the company's own performance.
<h3>Unity Software's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,370,831, the U's price is down by -0.47%, now at $25.37. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 2 days.</li>
</ul>
<h3>What Analysts Are Saying About Unity Software</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $33.5.
<ul>
<li>An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $33. </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 Unity Software, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of Unity Software's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EXPE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Expedia Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $597,000, and 7, calls, for a total amount of $298,477.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $145.0 for Expedia Group, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Expedia Group stands at 695.88, with a total volume reaching 1,106.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Expedia Group, situated within the strike price corridor from $95.0 to $145.0, throughout the last 30 days.
<h3>Expedia Group Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715110243_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>EXPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.1</td>
<td>$9.8</td>
<td>$9.95</td>
<td>$110.00</td>
<td>$597.0K</td>
<td>2.7K</td>
<td style="text-align: right;">602</td>
</tr>
<tr>
<td>EXPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$4.15</td>
<td>$4.05</td>
<td>$4.15</td>
<td>$115.00</td>
<td>$69.3K</td>
<td>997</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>EXPE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$130.00</td>
<td>$59.5K</td>
<td>37</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>EXPE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.95</td>
<td>$5.8</td>
<td>$5.85</td>
<td>$125.00</td>
<td>$38.6K</td>
<td>265</td>
<td style="text-align: right;">91</td>
</tr>
<tr>
<td>EXPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$7.45</td>
<td>$7.3</td>
<td>$7.39</td>
<td>$120.00</td>
<td>$37.6K</td>
<td>214</td>
<td style="text-align: right;">64</td>
</tr>
</tbody>
</table>

<h3>About Expedia Group</h3>
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core onlint travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
<h3>Current Position of Expedia Group</h3>
<ul>
<li>Trading volume stands at 2,923,830, with EXPE's price down by -2.79%, positioned at $112.78.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 86 days.</li>
</ul>
<h3>What Analysts Are Saying About Expedia Group</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $149.4.
<ul>
<li>An analyst from Piper Sandler downgraded its action to Neutral with a price target of $145. </li>
<li>Maintaining their stance, an analyst from HSBC continues to hold a Hold rating for Expedia Group, targeting a price of $132. </li>
<li>An analyst from RBC Capital has decided to maintain their Sector Perform rating on Expedia Group, which currently sits at a price target of $140. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Expedia Group with a target price of $175. </li>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Expedia Group with a target price of $155. </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 Expedia Group with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

EXPE

What the Options Market Tells Us About Expedia Group

Deep-pocketed investors have adopted a bearish approach towards CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</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 CVS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for CVS Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $359,888, and 8 are calls, amounting to $809,996.
<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 $50.0 to $92.5 for CVS Health during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of CVS Health stands at 866.15, with a total volume reaching 2,709.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CVS Health, situated within the strike price corridor from $50.0 to $92.5, throughout the last 30 days.
<h3>CVS Health 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715110238_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.3</td>
<td>$4.85</td>
<td>$5.0</td>
<td>$65.00</td>
<td>$500.0K</td>
<td style="text-align: right;">234</td>
<td>1.0K</td>
</tr>
<tr>
<td>CVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.1</td>
<td>$10.05</td>
<td>$10.1</td>
<td>$65.00</td>
<td>$95.9K</td>
<td style="text-align: right;">259</td>
<td>74</td>
</tr>
<tr>
<td>CVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$7.4</td>
<td>$7.3</td>
<td>$7.4</td>
<td>$62.50</td>
<td>$85.8K</td>
<td style="text-align: right;">692</td>
<td>140</td>
</tr>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.4</td>
<td>$7.7</td>
<td>$7.75</td>
<td>$55.00</td>
<td>$77.5K</td>
<td style="text-align: right;">765</td>
<td>20</td>
</tr>
<tr>
<td>CVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.15</td>
<td>$10.0</td>
<td>$10.1</td>
<td>$65.00</td>
<td>$73.7K</td>
<td style="text-align: right;">259</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About CVS Health</h3>
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
After a thorough review of the options trading surrounding CVS Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>CVS Health's Current Market Status</h3>
<ul>
<li>With a volume of 11,616,819, the price of CVS is down -0.36% at $55.77. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>Expert Opinions on CVS Health</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $72.2.
<ul>
<li>An analyst from B of A Securities persists with their Buy rating on CVS Health, maintaining a target price of $77. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on CVS Health with a target price of $76. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $87. </li>
<li>Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $58.</li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on CVS Health with a target price of $63. </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 CVS Health with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

CVS Health Options Trading: A Deep Dive into Market Sentiment

In a move that could lower its dependence on external chip manufacturers like NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly developing its own chips.
According to a <a href="https://www.wsj.com/tech/ai/apple-is-developing-ai-chips-for-data-centers-seeking-edge-in-arms-race-0bedd2b2">report</a> from the Wall Street Journal, these chips are designed to run artificial intelligence (AI) software within data centers.
What Happened: Apple has been working on a project, termed ACDC (Apple Chips in Data Center), for several years, WSJ reports. The tech giant has been partnering with Taiwan Semiconductor Manufacturing Co. for the chip&#8217;s design and production, but the success of these efforts is still uncertain.
The Wall Street Journal suggests that Apple&#8217;s server chip will likely concentrate on AI inference rather than training AI models, an area that experts believe NVIDIA will continue to dominate. AI inference is the process whereas trained machine learning models draw conclusions from new data.
See Also:<a href="https://www.benzinga.com/news/24/05/38635052/house-minority-leader-hakeem-jeffries-warns-of-dire-consequences-for-womens-reproductive-rights-if-t?itm_source=parsely-api"> House Minority Leader Hakeem Jeffries Warns Of Dire Consequences For Women&#8217;s Reproductive Rights If Trump</a>
Apple&#8217;s initiative is similar to other tech giants like Google&#8217;s parent company Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), which is also developing its own AI inference server chips to reduce reliance on chip designers. However, experts note that Apple is still trailing rivals such as Microsoft in the AI technology race.
Apple CEO Tim Cook stated in February that the company was &#8220;investing significantly&#8221; in AI technology and would make an AI-related announcement later this year. The announcement is anticipated at the Worldwide Developers Conference in June.
Why It Matters: Apple&#8217;s move to develop in-house AI chips is part of a broader trend among tech companies to reduce their dependence on external chip manufacturers. According to a<a href="https://www.theverge.com/2024/5/6/24150742/apples-project-acdc-is-building-ai-chips-for-data-centers"> report </a>by The Verge, companies like Google, Meta, Microsoft, and OpenAI are also working on custom server hardware to power AI models. 
This shift towards in-house development could potentially disrupt the traditional chip manufacturing industry, particularly affecting companies like NVIDIA that have a significant market share. But, because Apple's new chips are likely to focus on areas outside of NVIDIA's expertise, it's probable that there will be space for both of the tech giants in the AI race.
Read Next:<a href="https://www.benzinga.com/news/24/05/38673436/apple-launches-ipad-pro-with-m4-chip-oled-display-at-999-ipad-air-6-now-comes-in-two-sizes-for-the-f"> Apple Launches iPad Pro With M4 Chip, OLED Display At $999: iPad Air Now Comes In Two Sizes For The First Time</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Apple's Secret Project And Bold Move Towards In-House AI Chips: Could This Be A Threat To NVIDIA?

Activist groups in Germany are targeting electric vehicle (EV) manufacturer Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as it works to <a href="https://www.benzinga.com/news/24/03/38001324/german-chancellor-olaf-scholz-calls-arson-attack-on-teslas-giga-berlin-a-terrorist-act-wants-ev-gian">expand its Giga Berlin factory.</a>
What Happened: The Austin, Texas-based car company faces upcoming<a href="https://www.benzinga.com/news/24/03/37573105/elon-musk-declares-tesla-is-hardcore-ahead-of-giga-berlins-production-restart"> protests at Giga Berlin </a>and is taking preventative measures, including a four-day closure, according to German business newspaper <a href="https://www.handelsblatt.com/unternehmen/industrie/elektromobilitaet-tesla-legt-produktion-in-gruenheide-fuer-vier-tage-still/100037131.html">Handelsblatt</a>. 
The shutdown comes as a result of announced multi-day protests against Tesla.
As a result, Tesla employees are being told to work from home. An email sent to employees on Monday shared the company's decision, according to the report.
Employees in vehicle production will see Friday a bridge day. Production is ending with the late shift on Wednesday and will begin again with the night shift on Sunday.
"No access to the site or the factory is possible without the explicit instructions and approval of your manager," an email obtained by Handelsblatt reads. &nbsp;
Tesla also said there would be no buses or trains running to the gigafactory in Germany from Thursday through Sunday.
The company said the move was done as "the corresponding recommendation from the responsible authorities."
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
Why It's Important: Tesla influencers dispute the accuracy of the four-day closure report.
Tesla delivery vehicle tracker Troy Teslike <a href="https://twitter.com/TroyTeslike/status/1787902806420021732">said </a>that Thursday is a public holiday in Germany (Ascension Day) and the factory is typically open Monday through Friday.
"This production pause is only for 1 day (Friday)," Teslike said. "It won't affect deliveries because Model Y inventory in Europe is at an all-time high due to limited demand."
Tesla influencer Sawyer Merritt <a href="https://twitter.com/SawyerMerritt/status/1787898939489804371">called </a>an article from Reuters citing the four-day work pause as misleading.
"This headline is a little misleading. Giga Berlin usually produces cars Monday-Friday. This Thursday is a Holiday, so really it's just a one-day shutdown," Merritt tweeted.
News of the work pause and the work-from-home orders come as Tesla CEO Elon Musk has famously been an outspoken critic of employees working from home.
The CEO has <a href="https://www.benzinga.com/news/23/05/32437964/elon-musk-paints-remote-work-as-morally-wrong-says-laptop-classes-are-living-in-la-la-land">called work from home</a> "morally wrong" and has made it mandatory for Tesla and social media platform X that employees work in office except in limited scenarios.
While the work stoppage could end up being only one day due to the holiday, it bears watching as an arson attack led to the plant temporarily shutting down in Germany.
Protestors are expected to convene in front of the factory on Friday. The goal is to raise awareness for the clearing of a forest area by Tesla if it expands the factory. The expansion has faced pushback and the protest could bring more attention to the concerns raised against Tesla's move to grow.
Read Next: <a href="https://www.benzinga.com/news/24/05/38648277/tesla-lays-off-more-employees-over-weekend-report">Tesla Lays Off More Employees Over Weekend: Report</a>

Tesla Will Temporarily Stop Production At German Gigafactory: Here's Why

<a href="https://www.ft.com/content/cf965960-b083-49ee-bae1-6ce95fe872a3" title="https://www.ft.com/content/cf965960-b083-49ee-bae1-6ce95fe872a3">https://www.ft.com/content/cf965960-b083-49ee-bae1-6ce95fe872a3</a>

ASML

AVGO

INTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

'US to revoke licences for supply of chips to China's Huawei' -Financial Times

Electric vehicle company Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) reported first-quarter financial results Monday that saw revenue beat and earnings per share miss <a href="https://www.benzinga.com/news/earnings/24/05/38653616/lucid-q1-earnings-highlights-revenue-beat-eps-miss-production-update-and-more">Street consensus estimates.</a>
Analysts size up the results and what's next for the company.
The Lucid Analysts: 
<ul>
<li>Stifel analyst Stephen Gengaro has a Hold rating and $4 price target on Lucid.</li>
<li>Needham analyst Chris Pierce has a Hold rating and no price target on Lucid.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/news/earnings/24/05/38670685/whats-going-on-with-lucid-stock-tuesday">What&#8217;s Going On With Lucid Stock Tuesday?</a>
Stifel on Lucid: The first quarter report had mixed results and no real surprises for 2024, Gengaro said.
The analyst said guidance for producing 9,000 vehicles in 2024 was reiterated by the company.
"While first-quarter production numbers came in lighter-than-expected, we believe the company's 9,000 vehicle production target for the year is reasonable," Gengaro said.
The analyst highlighted gross losses improving in the quarter.
"Lucid remains laser-focused on aligning production with demand while controlling costs."
Gengaro said the company's financial position should get it through "at least the launch" of the Lucid Gravity SUV. Additional capital could be needed after this key event with high cash burn, the analyst said.
The analyst said that while production is improving for Lucid, the company could still be in the "prove-it-to-me stage."
Needham on Lucid: Consumers and OEM partners are "still in park" as Lucid looks to grow its production, Pierce said.
"We continue to be believers in LCID's best in class technology driving industry leading efficiency, but we also continue to see low absolute delivery numbers, limiting fixed cost absorption driving financial statement losses and driving further capital needs," Pierce said.
The analyst said Lucid is confident that the Lucid Gravity SUV will be well received by consumers.
Pierce cautions that for bears, Lucid could be "a catalyst light story."
"We continue to think investors will take a conservative posture when considering the low penetration of LCID's existing lineup."
The analyst said investors could be underestimating the technology leadership Lucid has, and the deep pockets of the Saudi Arabian Public Investment Fund allow for patience.
LCID Price Action: Lucid shares are down 14% to $2.65 versus a 52-week trading range of $2.29 to $8.37. Lucid stock is down 66% over the last year.
Read Next: <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi">Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla&#8217;s Dominance: &#8216;Wait Until Our Midsize Comes Out In Late 2026&#8217;</a>
Photo: Shutterstock<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi"> </a>

LCID

Electric Up-And Comer Lucid's Stock 'Still In Park': Analysts Expect Investors To Keep 'Conservative Posture' On Tesla Rival

<a href="https://twitter.com/CGasparino/status/1787921614312718571" title="https://twitter.com/CGasparino/status/1787921614312718571">https://twitter.com/CGasparino/status/1787921614312718571</a>

Watching Boeing Shares; Charles Gasparino Tweets Co Is Seeking Investment From Warren Buffett

Over the past 24 hours, Optimism's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>) price has fallen 3.73% to $2.7. This is opposite to its positive trend over the past week where it has experienced a 15.0% gain, moving from $2.33 to its current price. 
The chart below compares the price movement and volatility for Optimism over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1715108623_0.png" alt="price_chart" />
The trading volume for the coin has fallen 23.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.21%. This brings the circulating supply to 1.05 billion, which makes up an estimated 24.34% of its max supply of 4.29 billion. According to our data, the current market cap ranking for OP is #46 at $2.82 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1715108623_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

Cryptocurrency

Cryptocurrency Optimism Down More Than 3% Within 24 hours

Over the past 24 hours, Filecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fil/usd">FIL</a>) price has fallen 3.72% to $5.91. This is opposite to its positive trend over the past week where it has experienced a 8.0% gain, moving from $5.55 to its current price. 
The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1715108554_0.png" alt="price_chart" />
The trading volume for the coin has decreased 27.0% over the past week, while the overall circulating supply of the coin has increased 1.07% to over 548.38 million. This puts its current circulating supply at an estimated 27.97% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #37 at $3.24 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1715108554_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$FIL

Cryptocurrency Filecoin Down More Than 3% Within 24 hours

dogwifhat's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) price has decreased 3.31% over the past 24 hours to $3.26. This is contrary to the coins performance over the past week where it has experienced an up-trend of 40.0%, moving from $2.38 to its current price.
The chart below compares the price movement and volatility for dogwifhat over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1715108545_0.png" alt="price_chart" />
The trading volume for the coin has increased 54.0% over the past week while the overall circulating supply of the coin has increased 1.3% to over 998.93 million which makes up an estimated 100.0% of its max supply, which is 998.93 million. The current market cap ranking for WIF is #36 at $3.26 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1715108545_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$WIF

Cryptocurrency dogwifhat Down More Than 3% Within 24 hours

Tenable drops as earnings beat expectations, but outlook comes up short

Tenable Holdings (TENB) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Tenable Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/tenb-stock-quote/">TENB</a>) just reported results for the first quarter of 2024.<ul><li>Tenable Holdings reported earnings per share of 25 cents. This was above the analyst estimate for EPS of 18 cents.</li><li>The company reported revenue of $215.96 million.</li><li>This was better than the analyst estimate for revenue of $213.57 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/tenb-stock-earnings-tenable-holdings-for-q1-of-2024/">TENB Stock Earnings: Tenable Holdings Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TENB Stock Earnings: Tenable Holdings Beats EPS, Beats Revenue for Q1 2024

Analysts have been eager to weigh in on the Technology sector with new ratings on Dayforce Inc (DAY – Research Report), Qualcomm (QCOM – Research R...

Analysts' Opinions Are Mixed on These Technology Stocks: Dayforce Inc (DAY), Qualcomm (QCOM) and Tenable Holdings (TENB)

In a report released today, Saket Kalia from Barclays maintained a Hold rating on Tenable Holdings (TENB – Research Report), with a price target of...

Barclays Sticks to Their Hold Rating for Tenable Holdings (TENB)

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Monolithic Power (MPWR – Research Report) and Tenabl...

Analysts' Top Technology Picks: Monolithic Power (MPWR), Tenable Holdings (TENB)

In a report released today, Joel Fishbein from Truist Financial reiterated a Buy rating on Tenable Holdings (TENB – Research Report). The company's...

Tenable Holdings (TENB) Receives a Buy from Truist Financial

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Procore Technologies (PCOR – Research Report), Q2 ...

Analysts Conflicted on These Technology Names: Procore Technologies (PCOR), Q2 Holdings (QTWO) and Tenable Holdings (TENB)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Tenable Holdings (TENB – Research Report), Unity S...

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Tenable: Buy When The Price Is Right

MPWR

NOVA

QTWO

Press Releases

Tenable Ranks #1 for Fifth Consecutive Year in Market Share in Device Vulnerability Management

Tenable Introduces Groundbreaking Visibility Across IT, OT and IoT Domains to Fully Illuminate Attack Vectors and Risks

Tenable Honors Channel Partner Excellence with Global Partner Awards

Tenable Expands Generative AI Capabilities for Faster Attack Path Analysis and Mitigation Guidance

Tenable Delivers Zero Trust Cloud Functionality for Kubernetes

Tenable Earns Premier 5-Star Rating in 2024 CRN Partner Program Guide

Tenable Recognized as a Cyber AI Leader on the First-Ever CRN AI 100 List