Vicon Industries Stock (OTC:VCON), Trade Ideas

Vicon Industries Inc is a video management software company. It develops video management software and designs and markets a wide range of video system components. The company comprises principally of cameras, network video servers/recorders, encoders and mass storage units, used in security, surveillance, safety and control applications by a broad group of end users. Vicon operates within the electronic protection segment of the security industry. Its product line consists of various elements of a video system, including cameras for image capture, stand-alone network video management system (VMS) software and various video recording, storage, management and output devices and peripherals.

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ADGO

AMCF

AMRU

ANDE

APDN

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AWSM

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CBLI

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CNNXF

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DTIL

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EARS

EMERALD HEALTH THERAPUTCS by Emerald Health Therapeutics Inc.

EMHTF

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GOSS

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VICON INDUSTRIES INC by Vicon Industries, Inc.

VCON

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Stocks That Hit 52-Week Lows On Tuesday

Vicon Industries Inc

Offerings

Esquire Financial Holdings Inc Files For Mixed Shelf Of Up To $100M

Earnings

PKBK

Parke Bancorp Q1 Revenue $30.50M

<p>BCB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCBP#NASDAQ">BCBP</a>) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.34 by 5.88 percent.</p>


Earnings Misses

BCBP

BCB Bancorp Q1 2024 GAAP EPS $0.32 Misses $0.34 Estimate

<p>Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) reported quarterly earnings of $0.51 per share. This is a 44.57 percent decrease over earnings of $0.92 per share from the same period last year.</p>


Parke Bancorp Q1 EPS $0.51 Down From $0.92 YoY

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Synopsys</strong>.</p>
<p>Looking at options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) we detected 18 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.</p>
<p>From the overall spotted trades, 10 are puts, for a total amount of $517,929 and 8, calls, for a total amount of $487,507.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $600.0 for Synopsys over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Synopsys'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 Synopsys's whale trades within a strike price range from $450.0 to $600.0 in the last 30 days. </p>
<h3>Synopsys Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557791_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$21.2</td>
<td>$19.6</td>
<td>$21.2</td>
<td>$540.00</td>
<td>$154.7K</td>
<td style="text-align: right;">985</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$14.7</td>
<td>$14.6</td>
<td>$14.7</td>
<td>$520.00</td>
<td>$132.3K</td>
<td style="text-align: right;">62</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$17.4</td>
<td>$16.9</td>
<td>$16.99</td>
<td>$550.00</td>
<td>$94.8K</td>
<td style="text-align: right;">708</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$64.9</td>
<td>$59.7</td>
<td>$62.6</td>
<td>$580.00</td>
<td>$87.6K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$47.0</td>
<td>$45.8</td>
<td>$47.0</td>
<td>$560.00</td>
<td>$65.8K</td>
<td style="text-align: right;">122</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Synopsys</h3>
<p>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.</p>
<h3>Where Is Synopsys Standing Right Now?</h3>
<ul>
<li>With a volume of 1,177,769, the price of SNPS is down -1.73% at $510.71. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>Expert Opinions on Synopsys</h3>
<p>3 market experts have recently issued ratings for this stock, with a consensus target price of $646.6666666666666.</p>
<ul>
<li>An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $660. </li>
<li>An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $665. </li>
<li>Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $615.</li>
</ul>
<p>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>.</p>


Options

SNPS

Check Out What Whales Are Doing With SNPS

<p>Deep-pocketed investors have adopted a bearish approach towards Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</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 GL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Globe Life. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 30% leaning bullish and 69% bearish. Among these notable options, 4 are puts, totaling $237,206, and 9 are calls, amounting to $364,943.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $105.0 for Globe Life, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Globe Life options trades today is 716.4 with a total volume of 2,691.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Globe Life's big money trades within a strike price range of $40.0 to $105.0 over the last 30 days.</p>
<h3>Globe Life Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557786_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.75</td>
<td>$2.55</td>
<td>$2.6</td>
<td>$75.00</td>
<td>$105.3K</td>
<td>1.3K</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>GL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$36.0</td>
<td>$33.3</td>
<td>$34.68</td>
<td>$100.00</td>
<td>$104.0K</td>
<td>30</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.9</td>
<td>$7.6</td>
<td>$7.8</td>
<td>$70.00</td>
<td>$74.8K</td>
<td>440</td>
<td style="text-align: right;">202</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.6</td>
<td>$10.5</td>
<td>$11.25</td>
<td>$70.00</td>
<td>$49.5K</td>
<td>31</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$4.3</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$70.00</td>
<td>$39.7K</td>
<td>1.4K</td>
<td style="text-align: right;">684</td>
</tr>
</tbody>
</table>
</p>
<h3>About Globe Life</h3>
<p>Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.</p>
<p>In light of the recent options history for Globe Life, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Globe Life</h3>
<ul>
<li>Currently trading with a volume of 3,025,206, the GL's price is up by 2.68%, now at $66.74. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 3 days.</li>
</ul>
<h3>Expert Opinions on Globe Life</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $118.4.</p>
<ul>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Globe Life, targeting a price of $125. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on Globe Life, maintaining a target price of $130. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Globe Life, targeting a price of $132. </li>
<li>Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Globe Life, targeting a price of $130. </li>
<li>An analyst from Evercore ISI Group persists with their In-Line rating on Globe Life, maintaining a target price of $75. </li>
</ul>
<p>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 Globe Life with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Looking At Globe Life's Recent Unusual Options Activity

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Marvell Tech</strong>.</p>
<p>Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 34 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.</p>
<p>From the overall spotted trades, 24 are puts, for a total amount of $1,643,952 and 10, calls, for a total amount of $1,100,997.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $90.0 for Marvell Tech, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marvell Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marvell Tech's substantial trades, within a strike price spectrum from $50.0 to $90.0 over the preceding 30 days.</p>
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557780_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.45</td>
<td>$6.35</td>
<td>$6.35</td>
<td>$55.00</td>
<td>$635.0K</td>
<td>42</td>
<td>274</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.84</td>
<td>$75.00</td>
<td>$317.1K</td>
<td>1.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$2.25</td>
<td>$2.22</td>
<td>$2.25</td>
<td>$65.00</td>
<td>$281.2K</td>
<td>2.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.2</td>
<td>$5.1</td>
<td>$5.15</td>
<td>$55.00</td>
<td>$154.5K</td>
<td>2.1K</td>
<td>300</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.45</td>
<td>$1.43</td>
<td>$1.44</td>
<td>$90.00</td>
<td>$118.5K</td>
<td>1.3K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marvell Tech</h3>
<p>Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.</p>
<h3>Marvell Tech's Current Market Status</h3>
<ul>
<li>With a trading volume of 14,439,124, the price of MRVL is down by -4.77%, reaching $62.13.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 34 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $89.8.</p>
<ul>
<li>An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $88. </li>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $95. </li>
<li>Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $85.</li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Marvell Tech with a target price of $95. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Marvell Tech with a target price of $86. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Marvell Tech, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


MRVL

Check Out What Whales Are Doing With MRVL

<p>Park Ntl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PRK#AMEX">PRK</a>) reported quarterly earnings of $2.17 per share which beat the analyst consensus estimate of $1.83 by 18.58 percent.</p>


Earnings Beats

Park Ntl Q1 2024 GAAP EPS $2.17 Beats $1.83 Estimate

ASTR

On April 17, Astra Space Inc  Got Deficiency Notice From Nasdaq That Co Is Not In Compliance With Rule 5450(a)(1) Of Listing Requirements

Insider Trades

Morgan Stanley Form4 Filing Shows Chairman James P Gorman Sold 100,000 Shares Of Common Stock At A Price Of $90.21/Share

GPAK

On April 18, Gamer Pakistan Inc Got Notice From Nasdaq That It No Longer Complies With Nasdaq's Listing Rule 5250(c)(1) For Continued Listing

Management

Graphjet Technology's Tham Choi Kuen, CFO, Announced The Decision To Resign Due To Health Reasons, Effective Immediately; Aiden Lee Ping Wei, Co's Current CEO, Will Serve As Interim CFO

<p>The Nasdaq 100&#8217;s technology stocks wrapped up their fourth consecutive week in the red, marking their most dismal stretch and sharpest declines since late 2022, as investors opted to pocket profits against a backdrop of mounting concerns over inflation and <a href="https://www.benzinga.com/general/politics">geopolitical tensions</a>.</p>
<p>On Friday, Israel responded to Iranian attacks from the preceding week, adding another layer of uncertainty to the volatile situation in the Middle East despite widespread international <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">calls for de-escalation.</a></p>
<p>On Wednesday, Fed Chair <strong>Jerome Powell </strong>firmly shut the door on rate cuts, citing lack of confidence in progress <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">on inflation</a>. This stance pushed two-year Treasury yields to 5%, their highest level since November 2023.</p>
<p>Gold prices notched their fifth consecutive week of gains, marking their longest streak since August 2020.</p>
<h3 class="wp-block-heading">Chart of The Week: US Treasury Yields Hit 5%, Enter Danger Zone</h3>
<p><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/2024/04/19154705/image-127-1024x495.png" alt="" class="wp-image-300659" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<h3 class="wp-block-heading"><strong>Debt Sustainability Concerns</strong></h3>
<p><strong>Gita Gopinath</strong>, <strong>International Monetary Fund</strong> deputy chief, has voiced concerns over the U.S. national debt, stressing the need to reduce the federal deficit, which equals 7% of GDP. Projections indicate the U.S. deficit will remain above 6% through 2029, pushing the debt-to-GDP ratio <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">to 134%</a>.</p>
<h3 class="wp-block-heading"><strong>Bitcoin Halving Looms</strong></h3>
<p><strong>BlackRock Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and <strong>Coinbase Global Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) have launched educational advertising campaigns to explain the <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) halving process. This event, which halves the creation rate of new bitcoins, aims to reduce inflationary pressure and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38336008/blackrock-and-coinbase-explain-importance-of-bitcoin-halving-in-new-ad-campaigns">potentially boost Bitcoin prices.</a></p>
<h3 class="wp-block-heading"><strong>Cybertruck Recall Alert</strong></h3>
<p><strong>Tesla Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by a potentially dislodging accelerator pedal pad. The company, which has not reported any injuries or accidents from this issue, will replace the accelerator assemblies for free and has adjusted the production to include <a href="https://www.benzinga.com/government/24/04/38331377/tesla-recalls-over-3-800-cybertrucks-citing-unintended-acceleration-risk">a new pedal design.</a></p>
<h3 class="wp-block-heading"><strong>Lockheed&#8217;s $17B Contract</strong></h3>
<p><strong>Lockheed Martin Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has been awarded a $17-billion contract by the U.S. Missile Defense Agency to develop the Next Generation Interceptor aimed at countering missile threats from North Korea and Iran. The contract is a part of a broader U.S. strategy to enhance missile defenses, with the NGI expected to <a href="https://www.benzinga.com/news/24/04/38263648/lockheed-martin-wins-17b-contract-to-shield-us-from-north-korea-iran-missile-threats">be operational by 2028.</a></p>
<h3 class="wp-block-heading"><strong>Musk Announces Layoffs</strong></h3>
<p>Tesla is reportedly laying off over 14,000 employees, which amounts to more than 10% of its global workforce. <strong>Elon Musk</strong>, in a companywide email, stated that this painful decision is necessary to reduce costs and eliminate <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">redundancy in job functions.</a></p>
<p><em>Photo via Shutterstock. </em></p>


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<p>Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced that the Company received a staff determination letter (the "Letter"), on April 15, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, due to the Company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement"), the Staff has determined (the "Determination") that Company's securities will be scheduled for delisting from Nasdaq unless the Company requests an appeal of this determination to a Hearings Panel (the "Panel").<br /><br />&nbsp;</p>
<p>On October 13, 2023, the Company received a letter from Nasdaq (the "Notice"), notifying the Company that based upon the closing bid price of its securities for the last 30 consecutive business days preceding the Notice, the Company was not in compliance with the Minimum Bid Requirement. In accordance with Listing Rule 5810(c)(3)(A), the Notice provided the Company a period of 180 calendar days from the date of the Notice, or until April 10, 2024, to regain compliance with the Minimum Bid Requirement.</p>
<p>According to the Letter, the Company had not regained compliance with the Minimum Bid Requirement as of April 10, 2024 and is not eligible for a second 180-day period. Specifically, the Company does not comply with the initial listing requirement of $5,000,000 minimum stockholders' equity for The Nasdaq Capital Market, as contemplated for a second 180-day period. Further, on April 4, 2024, Nasdaq notified the Company that since the Company failed to file its Form 6-K containing an interim balance sheet and income statement for the six-month period ended September 30, 2023, it no longer complies with our Listing Rule 5250(c)(2). This matter serves as an additional and separate basis for delisting. Unless the Company requests an appeal of the Determination by April 22, 2024, the Company's securities will be suspended at the opening of business on April 24, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq.</p>
<p>The Company plans to appeal the Determination to the Panel in due course. A hearing request will stay the suspension of the Company's securities and the filing of Form 25-NSE pending the Panel's decision. The Company is considering all options available to it, including a reverse stock split, and will provide its shareholders with material updates when they are available.</p>


WRNT

Warrantee Inc. Announces Receipt Of Nasdaq Delisting Determination And Plan To Appeal; Co Plans To Appeal To The Panel In Due Course. A Hearing Request Will Stay The Suspension Of The Co's Securities Pending The Panel's Decision

<p>EVe Mobility Acquisition Corp (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVE#NYSE">EVE</a>), a special purpose acquisition company, announced today that the Company has received notice from NYSE Regulation (the "NYSE Notice"), stating that the Company is not in compliance with the continued listing standards of the NYSE American LLC (the "Exchange") under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the "Company Guide") because the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2023 (the "Delinquent Report"), which was due to be filed with the Securities and Exchange Commission (the "SEC") no later than April 16, 2024 (the "Filing Delinquency").</p>
<p>Reference is made to the Company's Notification of Late Filing on Form 12b-25 (filed with the SEC on March 27, 2024) as amended through the filing of a Form 12b-25/A with the SEC on April 15, 2024, which describe the circumstances leading to the late filing of the Delinquent Report. Although the Company has dedicated significant resources to the completion of finalizing its consolidated financial statements and related disclosures for inclusion in the Delinquent Report, the Company was unable to file the Delinquent Report prior to April 16, 2024, the extension period provided by the 12b-25. Additional time is needed by the Company to complete its review of the financial statements included in the Delinquent Report to ensure a complete, accurate Delinquent Report. The Company intends to file the Delinquent Report as soon as practicable and in any event within the six-month period.</p>


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