ETF Opportunities Trust WealthTrust DBS Long Term Growth ETF (ARCA: WLTG)

Latest News for ETF Opportunities Trust WealthTrust DBS Long Term Growth ETF (ARCA:WLTG)

News

Asset Sales

Press Releases

WLTG

Walter Energy Announces CCAA Filing to Pursue Sale of Walter Canada Assets

ETF Opportunities Trust WealthTrust DBS Long Term Growth ETF

S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) has outperformed the market over the past 10 years by 7.91% on an annualized basis producing an average annual return of 18.74%. Currently, S&amp;P Global has a market capitalization of $137.06 billion. 
Buying $1000 In SPGI: If an investor had bought $1000 of SPGI stock 10 years ago, it would be worth $5,646.77 today based on a price of $438.02 for SPGI at the time of writing.
<h3>S&amp;P Global's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715893228_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

SPGI

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,600 Today

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 5 years by 14.22% on an annualized basis producing an average annual return of 27.25%. Currently, Reliance has a market capitalization of $17.12 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 5 years ago, it would be worth $3,412.64 today based on a price of $298.06 for RS at the time of writing.
<h3>Reliance's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715893223_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,400 Today

BKYI

BIO-key Plans To File Audited 2023 Results On Form 10-K Next Week

DXC Technology Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>) shares are falling after the company reported its fourth-quarter financial results Thursday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/05/b38883370/dxc-technology-reports-fourth-quarter-and-full-fiscal-year-2024-results">key figures from the report. </a>
The Details: DXC Technology reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 83 cents by 16.87%.
Quarterly sales came in at $3.386 billion which beat the analyst consensus estimate of $3.366 billion and represents a 5.71% decrease from the same period last year. The company said its revenue performance was primarily driven by declines in Modern Workplace and Cloud and ITO. 
Cash flow from operations was $280 million in the fourth quarter of fiscal year 2024, as compared to $415 million in the fourth quarter of fiscal year 2023
&#8220;My first months as CEO have strengthened my view of the incredible talent of our employees and the value we bring to our customers every day. DXC is trusted with providing mission-critical services to leading companies around the world, helping customers modernize their business processes, and generating value by providing process knowledge, world-class engineering talent and AI capabilities to a wide range of Industries,&#8221; commented Raul Fernandez, CEO of DXC Technology.
Outlook: DXC Technology sees fiscal year 2025 adjusted earnings of between $2.50 and $3.00 per share, versus the $3.49 estimate, and full-year revenue in a range of $12.67 billion to $12.95 billion, versus the $13.19 billion estimate.
DXC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, DXC Technology shares are down 18.86% after-hours at $16.13 at the time of publication Thursday.
Related News: <a href="https://www.benzinga.com/news/24/05/38878911/whats-going-on-with-faraday-future-intelligent-electric-stock">What&#8217;s Going On With Faraday Future Intelligent Electric Stock?</a>
Photo: Gerd Altmann from Pixabay

Earnings

After-Hours Center

Movers

Tech

DXC Technology Stock Drops On Q4 Results, FY25 Outlook: Here's Why

Media executive Bob Iger has been the CEO of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) for more than 15 years including <a href="https://www.benzinga.com/general/entertainment/22/11/29811369/mickey-mouse-magic-if-you-invested-1000-in-disney-stock-during-bob-igers-first-rein-as-ce-1">two terms in the role.</a>
The CEO hasn't appeared on the stage at an upfront advertising event since 1994 until breaking the streak earlier this week.
 What Happened: Disney<a href="https://www.benzinga.com/news/earnings/24/05/38669929/walt-disney-q2-earnings-profit-beat-moderating-parks-growth-password-sharing-crackdown-and-more"> ended the recently reported </a>second quarter with 117.6 million Disney+ Core subscribers on its key streaming platform.
While streaming continues to be a growth area for the company, Iger highlighted content on the company's linear networks during the advertising event.
"I am deeply optimistic about our company, and in a world that is so in need of entertainment is a true privilege," Iger said, as shared by <a href="https://deadline.com/2024/05/bob-iger-disney-upfront-1235915873/">Deadline</a>.
Iger said he was there to share "the incredible projects that we're working on."
The Disney CEO last appeared on the upfront stage in front of advertisers in 1994 when Bill Clinton was the president and Iger was running ABC Entertainment.
"To say a lot has changed since 1994 would be an incredible understatement and I'm not just talking about the color of my hair, or my fashion choices."
Iger said that one of the things that has changed is television not just being watched on a television, a nod to streaming platforms.
The Disney CEO said that great storytelling is the key to any good content, whether it's on television in the traditional model or as a streaming exclusive title.
"And great storytelling is something Disney has always excelled that we have an array of outstanding creative engines, producing world-class talent."
Iger highlighted Disney's "enviable portfolio of brands, franchises and sports."
Related Link: <a href="https://www.benzinga.com/general/entertainment/24/05/38863060/bob-iger-says-disney-slashed-traditional-tv-spending-pretty-dramatically-as-streaming-takes">Bob Iger Says Disney Slashed Traditional TV Spending &#8216;Pretty Dramatically&#8217; As Streaming Takes Center Stage: &#8216;Feel Comfortable With Our Hand Right Now…&#8217;</a>
Why It's Important: The appearance by Iger at the advertising event could be a strong sign by the media company in their portfolio of brands and content and could also be a push to lock in strong deals ahead of the upcoming television and streaming schedule.
Iger also <a href="https://www.benzinga.com/news/24/05/38851816/whats-going-on-with-disney-stock-today">spoke during the week</a> at Moffett Nathanson's 2024 Media, Internet and Communication Conference.
The latest upfront event comes as Disney launched an ad-supported Disney+ platform and is working on acquiring full control of the Hulu streaming platform.
With multiple streaming platforms, some potential streaming joint ventures and bundles, and linear networks, Disney could be a key company advertisers want to lock hands with to get their products in front of consumers.
During the appearance, Iger said Disney is spending less on its television segment and content that is "specifically aimed at those traditional networks."
"We feel comfortable with our hand right now, because we're using those networks efficiently and effectively," Iger said.
Iger said shows like "Abbott Elementary" and "Grey's Anatomy" are moved quickly to Hulu and the costs are spread out across platforms.
DIS Price Action: Disney shares trade closed Thursday at publication at $103.37 versus a 52-week trading range of $78.73 to $123.74.
Read Next: <a href="https://www.benzinga.com/general/entertainment/23/12/36263171/bob-igers-success-at-disney-new-document-reveals-ceos-biggest-wins-according-to-the-man-him">Bob Iger&#8217;s Success At Disney: New Document Reveals CEO&#8217;s Biggest Wins According To The Man Himself</a>
Photo: Shutterstock

Entertainment

Long Ideas

Management

Media

Bob Iger Makes Rare Appearance At Disney Upfront For First Time Since 1994: Highlights 'Enviable Portfolio Of Brands, Franchises And Sports' To Advertisers

The next mainline installment in Call of Duty franchise appears to be titled Call of Duty Black Ops 6, contrary to prior expectations of it <a href="https://www.benzinga.com/general/gaming/24/02/37248807/xboxs-phil-spencer-announces-day-one-release-of-all-activision-games-on-xbox-game-pass-is-call-of-">being Black Ops 5. </a>
This adjustment follows the discovery of the Sally pistols in Warzone, a variant of the Akimbo version of the 9mm Daemon Pistol reminiscent of the iconic cover art from the original Black Ops game in 2010, IGN <a href="https://www.ign.com/articles/call-of-duty-black-ops-6-pretty-much-confirmed-after-treyarch-acknowledges-sally-pistols-discovery-in-warzone">reported.</a>
See Also: <a href="https://www.benzinga.com/general/gaming/24/02/36940239/call-of-dutys-open-world-transition-starts-with-2024s-black-ops-gulf-war-report">Call Of Duty&#8217;s Open-World Transition Starts With 2024&#8217;s Black Ops Gulf War: Report</a>
To obtain the Sally pistols in-game, players must find them as ground loot in the battle royale mode of Warzone and achieve at least one kill with them. This unlocks the Sally for use in both Modern Warfare 3 and Warzone. 
Treyarch, the developer, responded to the discovery of the weapons -which feature six scratched tally marks-, with a series of tweets featuring emojis.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x203c;&#xFE0F; <a href="https://t.co/jrBSwVcjSJ">pic.twitter.com/jrBSwVcjSJ</a>
&mdash; Blake (@Incredilag) <a href="https://twitter.com/Incredilag/status/1790830656521408635?ref_src=twsrc%5Etfw">May 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">Call Of Duty Black Ops 6: Anticipated Features And Release Details</h3>
Speculation among fans regarding the title of the upcoming Call of Duty game has been ongoing, with various possibilities considered, including Black Ops Gulf War and Black Ops 5. 
However, it appears Activision has settled on Black Ops 6, aligning with the fact that Call of Duty 2024 will mark the sixth main installment in the Black Ops series. This decision skips over Black Ops 5, with 2020&#8217;s Black Ops Cold War serving as its predecessor.
Reports from last year suggest that Black Ops 6 will be set during the Gulf War, exploring the geopolitical aftermath of the Cold War. The game is expected to emphasize traditional military combat technology and Black Ops gadgets, departing from the futuristic themes of recent Call of Duty titles.
The launch of Black Ops 6 is scheduled for 2024, following the typical late fall/early winter release window. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), the owner of Activision, has announced an Xbox showcase for June, where fans anticipate getting a first look at the game.
Read Next: <a href="https://www.benzinga.com/general/gaming/23/11/35944661/call-of-duty-2024-revives-black-ops-series-set-against-gulf-war-backdrop-report">Call Of Duty 2024 Revives Black Ops Series, Set Against Gulf War Backdrop: Report</a>
Photo by <a href="https://unsplash.com/es/@dxstub?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Daniel</a> on <a href="https://unsplash.com/es/fotos/foto-en-escala-de-grises-de-un-hombre-con-casco-jNl1EaMDfbk?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>

Gaming

MSFT

Black Ops 6: Next Call Of Duty Game Might Skip Numbered Title

Major U.S. equity indexes ended Thursday&#8217;s session on a weaker note as investors reconsidered the economic outlook in light of the latest <a href="https://www.benzinga.com/calendars/economic">batch of contrasting data.</a>
Both the S&amp;P 500 and the Nasdaq 100 fell by 0.2%, closing at 5,297 points and 18,557 points, respectively. 
The Dow Jones Industrial Average, which surpassed the 40,000 mark during morning trading, closed 0.1% lower at 39,869.
Thursday&#8217;s economic data revealed a decline in initial jobless claims and higher-than-expected import and export prices, with the latter reigniting some anxiety about inflation. Housing starts and building permits were disappointing, and industrial production stalled.
Federal Reserve Bank of Cleveland President Loretta Mester stated on Thursday that it will take longer to be confident that inflation is moving toward 2% and emphasized the need for continued restrictive policies. She welcomed the latest inflation data as a sign of cooling price pressures but warned that the U.S. fiscal path is unsustainable and must be brought under control.
Treasury yields closed higher across the board, with the rate-sensitive two-year yield surging by 7 basis points to 4.80%, snapping a three-day streak of declines.
<h3 class="wp-block-heading">Is Bad News Still Good News?</h3>
Veteran investor Ed Yardeni explained that both good and bad news are working as a positive catalyst for the stock market. Yardeni noted that stocks positively reacted to the weaker-than-expected economic indicators, which led to a decline in the 10-year U.S. Treasury bond yield from its recent peak.
For example, the market welcomed the ISM manufacturing index dropping below 50 and flat retail sales data in April, despite these indicators suggesting slowing economic momentum.
Offering a contrarian view, Arnim Holzer, global macro strategist at Easterly EAB Risk Solutions, argued, &#8220;The ‘bad news is good news' narrative should not be this bullish.&#8221; He cautioned that the market&#8217;s risk stance is complacent, evidenced by the low level of the VIX.
Holzer also warned that the high and positive correlation between bonds and stocks poses a significant risk to overall portfolio performance.
<h3 class="wp-block-heading">Thursday&#8217;s Movers In Sectors And Stocks</h3>
Sector-wise, consumer staples was the only sector recording gains on Thursday, with the Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) up 1.4%. 
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rallied 6.5% amid stronger-than-expected earnings, contributing to nearly half of the daily performance of the overall consumer staples sector. 
Materials, as tracked by the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), were the laggards, down 0.7%. Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>), Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) were the sector&#8217;s weakest performers, down 5%, 3.9% and 2.8%, respectively. 
Industry-wise, homebuilders fell heavily amid worse-than-expected housing starts and building permits data, with the iShares U.S. Home Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITB#NYSE">ITB</a>) falling 3.1%, on its worst day in more than a month. 
D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) and Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) were notable fallers among the sector&#8217;s heavyweights, with declines of 4.2% and 3.3%, respectively. 
Telecom stocks, as tracked by the SPDR S&amp;P Telecom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTL#NYSE">XTL</a>), closed in the green, up 1.6%, marking their sixth straight session of gains. Notable gainers were AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), up 68.4%, and Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>). 
Now Read: <a href="https://www.benzinga.com/markets/asia/24/05/38878116/big-short-investor-michael-burry-bets-heavy-on-gold-renewable-energy-stocks-exits-amazon-alphabet">&#8216;Big Short&#8217; Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet</a>
Image: Pixabay

Equities

Large Cap

Macro Economic Events

Macro Notification

Market Summary

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Small Cap

Treasuries

Econ #s

Economics

Federal Reserve

Markets

ETFs

ASTS

EXTR

iShares Dow Jones US Homenstruction Index Fund

Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook

Offerings

HKIT

Hitek Global May Offer To Sell From Time To Time, Class A Ordinary Shares Of Up To $120M

WIIM

GLOB

Globant shares are trading lower following a Q1 EPS miss.

Cryptocurrency markets are dipping despite a Senate vote to overturn a controversial accounting rule and <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38870019/spot-bitcoin-etfs-pocket-303m-net-inflows-on-wednesday-stars-seem-to-be-aligning-on-this-b">$303 million net inflows</a> into spot Bitcoin ETFs.
What Happened: Major cryptocurrencies are trading lower at the time of writing:
Prices as of 4 p.m. Eastern Time:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$65,152.50</td>
<td>-1.1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$2,941.42</td>
<td>-2.5%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$158.47&nbsp;</td>
<td>-2.3%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1496</td>
<td>-2.9%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00002435&nbsp;</td>
<td>+0.7%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data noted a 24.3% increase in large transaction volumes, while daily active addresses expanded by 5.6%. Exchange netflows plunged by 106% despite an increase in total exchange inflows and outflows.</li>
<li>Coinglass data noted total liquidations of $42.88 million in the past 24 hours, with short liquidations of $20.99 million.</li>
<li>Senate voted to <a href="https://twitter.com/Swan/status/1791147675364229571">disapprove</a> the SEC's SAB 121, which will prevent regulated financial institutions from custodying Bitcoin and other crypto assets.</li>
<li>After a pro-crypto legislation was passed in the Senate, U.S. Senator Cynthia Lummis <a href="https://twitter.com/WatcherGuru/status/1791186480167334035">posted</a> Bitcoin laser eyes.</li>
<li>Around 937 financial firms <a href="https://twitter.com/WatcherGuru/status/1791151750990242264">revealed</a> spot Bitcoin ETF Holdings in Q1 2024 compared to Gold ETFs which had only 95 firms invested in the same period.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38880538/robinhood-crypto-trading-volume-slumped-57-in-april">Robinhood Crypto Trading Volume Slumped 57% In April</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38875939/morgan-stanley-declares-270m-investment-into-bitcoin-etfs-in-q1-leads-institutional-inflow">Morgan Stanley Declares $270M Investment Into Bitcoin ETFs In Q1, Leads Institutional Inflow Of &#8216;Historical Scale&#8217;</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38880951/senate-votes-to-overturn-controversial-sec-crypto-rule-but-will-biden-veto-it">Senate Votes To Overturn Controversial SEC Crypto Rule, But Will Biden Veto It?</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38877709/cme-group-eyes-bitcoin-trading-amid-surging-wall-street-demand">CME Group Eyes Bitcoin Trading Amid Surging Wall Street Demand (UPDATED)</a></li>
</ul>
Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Notcoin (CRYPTO: NOT)</td>
<td>$0.007388</td>
<td>-48.9%</td>
</tr>
<tr>
<td>Ethena (CRYPTO: ENA)</td>
<td>$0.6745</td>
<td>-8.5%</td>
</tr>
<tr>
<td>Stacks (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>)</td>
<td>$1.98</td>
<td>-8.5%</td>
</tr>
</tbody>
</table>
</figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38879485/bitcoins-rally-splits-trader-opinions-daily-says-were-going-higher-but-one-indicator-prese">Bitcoin&#8217;s Rally Splits Trader Opinions: &#8216;Daily Says We&#8217;re Going Higher&#8217; But One Indicator Presents A &#8216;Sell Signal On The 4H Chart&#8217;</a>
Analyst Notes: Macro Economist and technical analyst Seth, in his latest <a href="https://twitter.com/seth_fin/status/1791194959267193159">tweet</a>, noted $300 million wiped out in open interest on Bitcoin's 1-hour chart. He said, "Adding back a small partial of the Long here. Will add more on these levels. ~$64,000 and ~$63,000 $BTC."
Crypto and equity trader Justin Bennett cautions traders that if Bitcoin cannot hold those former highs, there will be a sweep of the $60,000 lows.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> can&#39;t hold those former highs, watch for a sweep of the $60k lows. Zero follow-through so far following Wednesday&#39;s &quot;cooling inflation&quot;. &#x1f606; Chop chop.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/Pahb66PJfJ">pic.twitter.com/Pahb66PJfJ</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1791157951756972056?ref_src=twsrc%5Etfw">May 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CrediBULL Crypto, in his latest <a href="https://twitter.com/CredibleCrypto/status/1791188672496198066">post</a>, answers why he closed the Bitcoin short before his target was hit. He noted that the current market shows a significant bid depth below the price, with fewer asks above. This indicates more visible support below than resistance above, suggesting caution against shorting.
Additionally, open interest has decreased slightly from its initial rise but still has the potential to decline further.
What's Next:&nbsp;The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38878472/before-you-trust-another-crypto-guru-read-this-studys-results">Before You Trust Another Crypto Guru, Read This Study&#8217;s Results</a>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$SHIB

$SOL

$STX

Bitcoin, Ethereum, Dogecoin Dip 2%, But U.S. Senator Lummis Posts Bitcoin Laser Eyes, Writes: 'We Are So Back'

Insider Trades

Salesforce Form 4 Filing Shows Chiar and CEO Marc Banioff Sold 15,000 Shares At An Average Price Of $284.73 Per share; Transaction Was Effected Automatically Pursuant To A Rule 10b5-1 Trading Plan Adopted By The Reporting Person On December 29, 2023

Pleased that Both the Quebec Superior Court and the Financial Markets Administrative Tribunal Have Recognized the Lawsuits Have No Merit by Dismissing Them in Their Entirety
Notes the Dismissals of the Board's Wasteful and Self-Serving Lawsuits Will Ensure the Rights of Shareholders Are Protected at the Upcoming May 28th Annual Meeting

Legal

Browning West Announces Dismissal Of All Lawsuits Brought by Gildan Activewear's Board

To facilitate a seamless transition while a search is conducted for a new CFO, the Company&#39;s Board of Directors has appointed Ulf Habermann, Principal Accounting Officer, as interim CFO effective upon Mr. Nathamuni&#39;s departure.

CRUS

Cirrus Logic Reports Resignation Of CFO Venk Nathamuni Effective May 24, 2024, To Pursue Opportunity Outside Semiconductor Industry; Ulf Habermann Named As Interim CFO

High-rolling investors have positioned themselves bullish on Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AXON often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Axon Enterprise. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $65,660, and 7 calls, totaling $237,577.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $320.0 for Axon Enterprise over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Axon Enterprise stands at 119.67, with a total volume reaching 538.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Axon Enterprise, situated within the strike price corridor from $200.0 to $320.0, throughout the last 30 days.
<h3>Axon Enterprise Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715892385_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AXON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$32.0</td>
<td>$30.5</td>
<td>$31.32</td>
<td>$320.00</td>
<td>$65.6K</td>
<td style="text-align: right;">295</td>
<td style="text-align: right;">32</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$4.9</td>
<td>$4.6</td>
<td>$4.9</td>
<td>$310.00</td>
<td>$49.4K</td>
<td style="text-align: right;">209</td>
<td style="text-align: right;">111</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.4</td>
<td>$5.1</td>
<td>$5.4</td>
<td>$310.00</td>
<td>$43.2K</td>
<td style="text-align: right;">209</td>
<td style="text-align: right;">376</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$64.9</td>
<td>$60.5</td>
<td>$62.8</td>
<td>$290.00</td>
<td>$31.4K</td>
<td style="text-align: right;">28</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$31.3</td>
<td>$29.5</td>
<td>$30.3</td>
<td>$280.00</td>
<td>$30.3K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About Axon Enterprise</h3>
Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software &amp; sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software &amp; sensors segment and geographically from the United States.
<h3>Where Is Axon Enterprise Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 529,188, the AXON's price is down by -1.38%, now at $289.9. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 82 days.</li>
</ul>
<h3>Professional Analyst Ratings for Axon Enterprise</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $380.2.
<ul>
<li>In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $375. </li>
<li>Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Axon Enterprise, targeting a price of $375. </li>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $400. </li>
<li>An analyst from Barclays persists with their Overweight rating on Axon Enterprise, maintaining a target price of $381. </li>
<li>Consistent in their evaluation, an analyst from Craig-Hallum keeps a Buy rating on Axon Enterprise with a target price of $370. </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 Axon Enterprise with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

AXON

This Is What Whales Are Betting On Axon Enterprise

High-rolling investors have positioned themselves bearish on DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DOCN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for DigitalOcean Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 6% bullish and 81% bearish. Among all the options we identified, there was one put, amounting to $26,530, and 15 calls, totaling $986,745.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for DigitalOcean Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for DigitalOcean Holdings options trades today is 3377.5 with a total volume of 6,523.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DigitalOcean Holdings's big money trades within a strike price range of $30.0 to $50.0 over the last 30 days.
<h3>DigitalOcean Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715892380_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$8.7</td>
<td>$8.4</td>
<td>$8.5</td>
<td>$30.00</td>
<td>$198.0K</td>
<td>4.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.1</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$30.00</td>
<td>$173.7K</td>
<td>4.1K</td>
<td>742</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.4</td>
<td>$8.9</td>
<td>$8.9</td>
<td>$30.00</td>
<td>$66.7K</td>
<td>4.1K</td>
<td>75</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$8.8</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$30.00</td>
<td>$58.4K</td>
<td>4.1K</td>
<td>810</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.0</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$30.00</td>
<td>$58.4K</td>
<td>4.1K</td>
<td>285</td>
</tr>
</tbody>
</table>

<h3>About DigitalOcean Holdings</h3>
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.
<h3>DigitalOcean Holdings's Current Market Status</h3>
<ul>
<li>With a volume of 1,429,188, the price of DOCN is down -3.74% at $37.32. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 77 days.</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 DigitalOcean Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

DOCN

Spotlight on DigitalOcean Holdings: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NIO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for NIO.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $310,154, and 2 are calls, for a total amount of $423,740.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $10.0 for NIO during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
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 NIO'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 NIO's whale trades within a strike price range from $5.0 to $10.0 in the last 30 days. 
<h3>NIO Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715892375_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/07/24</td>
<td>$0.65</td>
<td>$0.6</td>
<td>$0.6</td>
<td>$5.00</td>
<td>$385.7K</td>
<td>2.6K</td>
<td>6.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.15</td>
<td>$1.13</td>
<td>$1.13</td>
<td>$5.00</td>
<td>$85.2K</td>
<td>66.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.0</td>
<td>$0.95</td>
<td>$0.98</td>
<td>$5.00</td>
<td>$81.5K</td>
<td>2.4K</td>
<td>833</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.15</td>
<td>$1.11</td>
<td>$1.14</td>
<td>$5.00</td>
<td>$41.6K</td>
<td>66.3K</td>
<td>1.3K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.99</td>
<td>$0.94</td>
<td>$0.95</td>
<td>$6.00</td>
<td>$38.0K</td>
<td>2.7K</td>
<td>245</td>
</tr>
</tbody>
</table>

<h3>About NIO</h3>
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
In light of the recent options history for NIO, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is NIO Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 40,988,613, the NIO's price is down by -0.94%, now at $5.28. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 22 days.</li>
</ul>
<h3>Expert Opinions on NIO</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $5.4.
<ul>
<li>In a positive move, an analyst from JP Morgan has upgraded their rating to Neutral and adjusted the price target to $5. </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 NIO with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

What the Options Market Tells Us About NIO

CGEM

Cullinan Therapeutics Files For Resale Of Up To 14.4M Shares By The Selling Stockholders

Guidance

DXC Technology Expects Q1 Organic Revenue Growth Of (8.0)%-(7.0)%, Revenue Of $3.1B-$3.15B (Est $3.301B), Adj EPS Of $0.55 - $0.60 (Est $0.76)

HLTH

Cue Health shares are trading lower after the company announced that it voluntarily and temporarily paused sales and distribution of its EUA COVID-19 Test Cartridge.

DXC Technology shares are trading lower after the company issued weak guidance.

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Latest News for ETF Opportunities Trust WealthTrust DBS Long Term Growth ETF (ARCA:WLTG)

Monday, December 07, 2015