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Investors with a lot of money to spend have taken a bearish stance on Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</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 HD, 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 20 uncommon options trades for Home Depot.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $2,482,841, and 3 are calls, for a total amount of $97,416.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $375.0 for Home Depot over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Home Depot options trades today is 588.92 with a total volume of 778.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Home Depot's big money trades within a strike price range of $240.0 to $375.0 over the last 30 days.
<h3>Home Depot Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713544268_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>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$41.55</td>
<td>$38.4</td>
<td>$40.0</td>
<td>$375.00</td>
<td>$1.6M</td>
<td style="text-align: right;">505</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$18.85</td>
<td>$17.4</td>
<td>$17.5</td>
<td>$345.00</td>
<td>$175.0K</td>
<td style="text-align: right;">707</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$28.9</td>
<td>$26.75</td>
<td>$28.03</td>
<td>$362.50</td>
<td>$140.1K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$27.15</td>
<td>$26.7</td>
<td>$26.9</td>
<td>$340.00</td>
<td>$69.9K</td>
<td style="text-align: right;">733</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$28.8</td>
<td>$26.55</td>
<td>$27.96</td>
<td>$362.50</td>
<td>$55.9K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Home Depot</h3>
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
In light of the recent options history for Home Depot, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Home Depot's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,009,771, with HD's price up by 0.17%, positioned at $333.46.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 25 days.</li>
</ul>
<h3>What Analysts Are Saying About Home Depot</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $394.6.
<ul>
<li>Reflecting concerns, an analyst from HSBC lowers its rating to Reduce with a new price target of $323.</li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Home Depot, targeting a price of $415. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $420. </li>
<li>An analyst from Guggenheim downgraded its action to Buy with a price target of $390. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Home Depot with a target price of $425. </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 Home Depot with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Home Depot Unusual Options Activity

JMP Securities analyst Jonathan Wolleben reiterates Savara (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRA#NASDAQ">SVRA</a>) with a Market Outperform and maintains $8 price target.

News

Price Target

Reiteration

Analyst Ratings

SVRA

JMP Securities Reiterates Market Outperform on Savara, Maintains $8 Price Target

CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are trading higher Friday amid a rise in the price of Bitcoin. Here's a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38332952/bitcoin-rebounds-to-65k-shakes-off-4m-etf-outflow-and-geopolitical-uncertainty">look at what to know</a>.
What To Know:
Bitcoin has gained more than 2% over the past 24 hours and is trading at $64,598.80 heading into its fourth halving event scheduled for approximately April 20.
The halving will <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38319562/how-the-bitcoin-halving-could-impact-your-investment">significantly impact</a> mining profitability, as rewards for miners will be cut in half. Mining companies employing newer, energy-efficient ASIC hardware will likely fare better, while those relying on older, less efficient models may struggle to stay afloat.
Some miners may sell bitcoin their holdings to increase revenue. The event could even lead to consolidation within the mining industry, with the most efficient operators potentially increasing their market share.
Related News: <a href="https://www.benzinga.com/news/24/04/38324715/whats-going-on-with-google-parent-alphabet-stock-ahead-of-earnings">What&#8217;s Going On With Google Parent Alphabet Stock Ahead Of Earnings?</a>
<h2 class="wp-block-heading">Will CLSK Stock Go Up? </h2>
When trying to assess whether or not Cleanspark will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $22.40 on Cleanspark. The Street high target is currently at $27.0 and the Street low target is $14. Of all the analysts covering Cleanspark, 9 have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, 5 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/CLSK/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Cleanspark have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Cleanspark is 342.12% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Cleanspark, visit <a href="https://www.benzinga.com/quote/CLSK">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
CLSK, MARA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, CleanSpark shares are up 2.08% at $16.57 and Marathon Digital shares are up 1.6% at $15.26 at the time of publication Friday.
Image: Shutterstock

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

Cryptocurrency

Movers

CLSK

MARA

What's Going On With Bitcoin Miners CleanSpark and Marathon Digital Stocks?

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and warrant attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to&nbsp;uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
Related Link:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37715065/the-mag-7-bench-josh-brown-picks-the-next-magnificent-7-stocks" target="_blank" rel="noreferrer noopener">&nbsp;The ‘Mag 7 Bench' – Josh Brown Picks The Next Magnificent 7 Stocks</a>
Here is a look at the Benzinga Stock Whisper Index for the week of&nbsp;April 19:
Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): The cryptocurrency trading platform saw increased interest as the company&#8217;s shares pulled back during the trading week. The drop in share price could be related to a drop in the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) from all-time highs set earlier this year.
Bitcoin remains volatile ahead of the highly anticipated <a href="https://www.benzinga.com/topic/bitcoin-halving">Bitcoin halving.</a> High volatility for cryptocurrencies like Bitcoin can be positive for Coinbase as it increases its trading volume activity.
Oric Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>): The clinical stage biotechnology company saw increased interest in its shares during the week. The increased attention comes after the company <a href="https://investors.oricpharma.com/news-releases/news-release-details/oric-pharmaceuticals-announces-first-patients-dosed-across-three">announced </a>that the first patients for its expansion cohorts of Phase 1b trial of ORIC-114 have been dosed. The expansion of ORIC-114 is targeting non-small cell lung cancer. Oric said it plans to update Phase 1b data in the first half of 2025.
SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): It's not every week that an ETF jumps in interest and trends on the Stock Whisper Index. The leading gold ETF saw increased interest, which comes as gold soars to new all-time highs in the month of April. A decision by the Federal Reserve to <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">keep interest rates </a>the same and <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">increased geopolitical tension </a>related to the Middle East have led to more attention to gold as a safe haven investment for traders.
G-III Apparel Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>): The apparel company saw shares trade lower after <a href="https://www.benzinga.com/news/earnings/24/03/37702979/why-g-iii-apparel-shares-are-plunging-today">reporting quarterly results. </a>Fourth-quarter sales were down 10.5% year-over-year to $764.8 million, which missed a Street consensus estimate of $817.5 million. The company owns and licenses brands that include Clavin Klein, Tommy Hilfiger, DKNY and Donna Karan. G-III guided for fiscal year 2025 sales to hit $3.2 billion, in-line with the Street estimate.
Transdigm Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>): The maker of components for aircraft and other vehicles saw increased interest over the trading week. The increased attention likely comes from new analyst notes. A Goldman Sachs analyst, who has a Buy rating, <a href="https://www.benzinga.com/quote/TDG/analyst-ratings">raised the price target</a> on shares from $1,218 to $1,518. 
Meanwhile, a Stifel analyst kept a Hold rating during the week, but raised the price target from $1,100 to $1,200. Shares of Transdigm trade at $1,213.50 at the time of writing. The company could also be seeing increased attention as it makes parts for military aircraft. Defense stocks have been in the spotlight with increased geopolitical tensions and calls to increase military aid for allies overseas.
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">&nbsp;top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<a href="https://www.benzinga.com/exclusives/24/03/37894121/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">March 22</a>
<a href="https://www.benzinga.com/markets/cannabis/24/03/38004976/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">March 29</a>
<a href="https://www.benzinga.com/general/biotech/24/04/38223087/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">April 12 </a>
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38023764/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-march-where-do-tesla-nvidia-spy-and-re" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In March: Where Do Tesla, Nvidia, SPY And Reddit IPO Rank?</a>

Exclusives

Trading Ideas

$BTC

COIN

GIII

ORIC

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

JMP Securities analyst Jason Butler reiterates Rezolute (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLT#NASDAQ">RZLT</a>) with a Market Outperform and maintains $7 price target.

RZLT

JMP Securities Reiterates Market Outperform on Rezolute, Maintains $7 Price Target

JMP Securities analyst Steven Delaney reiterates Redwood Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWT#NYSE">RWT</a>) with a Market Outperform and maintains $8 price target.

JMP Securities Reiterates Market Outperform on Redwood Trust, Maintains $8 Price Target

WIIM

The S&P And Nasdaq are lower amid weakness in NVIDIA and Meta as well as a drop in Netflix following its earnings report. Stocks may also be experiencing continued volatility on Israel-Iran tensions.

JMP Securities analyst Jonathan Wolleben reiterates Rallybio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLYB#NASDAQ">RLYB</a>) with a Market Outperform and maintains $8 price target.

RLYB

JMP Securities Reiterates Market Outperform on Rallybio, Maintains $8 Price Target

BMO Capital analyst Keith Bachman maintains Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) with a Market Perform and lowers the price target from $21 to $18.

INFY

BMO Capital Maintains Market Perform on Infosys, Lowers Price Target to $18

DA Davidson analyst Jeffrey Rulis maintains Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) with a Neutral and lowers the price target from $50 to $47.

BANR

DA Davidson Maintains Neutral on Banner, Lowers Price Target to $47

DA Davidson analyst Kevin Fitzsimmons maintains Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) with a Buy and lowers the price target from $45 to $43.

DA Davidson Maintains Buy on Synovus Finl, Lowers Price Target to $43

DA Davidson analyst Gary Tenner maintains Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) with a Neutral and lowers the price target from $73 to $68.

TFIN

DA Davidson Maintains Neutral on Triumph Financial, Lowers Price Target to $68

Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) has <a href="https://t.me/stonks_sniper_bot">officially been issued</a> on the TON (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) blockchain.
What Happened: This announcement was made by Tether CEO Paolo Ardoino at Token2049 in Dubai, marking a pivotal moment for both organizations involved. 
Ardoino and Pavel Durov, co-founder of Telegram outlined the details and implications of the increasing integration between TON and Tether.
Revolutionizing Payments And User Empowerment
Pavel Durov highlighted the philosophical and technical synergies between Telegram and blockchain technology, <a href="https://x.com/ton_blockchain/status/1781266512990372295">stating</a>, "We love blockchain because it allows us to give the power back to people and to enrich our ecosystem." 
This ethos is evident in Telegram's latest move to tokenize virtually every aspect of its platform, from user names to chat functionalities.
The announcement that USDT, one of the world&#8217;s most widely utilized stablecoins, will now be issued on the TON blockchain marks a significant milestone. 
"This is not just a technical integration; it represents a fusion of ideals—freedom, equality, and the democratization of financial operations on a global scale," Durov said in Dubai.
Implications For Digital Asset Markets
The integration of USDT on TON is poised to enhance the utility of Telegram's blockchain infrastructure, offering users seamless transactions and an alternative to traditional financial systems plagued by inefficiencies and restrictions. 
Durov's narrative was supported by Ardoino, who joined the stage to discuss the specifics of the USDT integration.
Ardoino provided insights into the technical and operational advancements that the partnership entails. 
"Today, we launched the integration and performed the first issuance of USDT on TON. This enables a robust, scalable and user-friendly platform for millions to access and transact with USDT directly within Telegram," said Ardoino.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38332952/bitcoin-rebounds-to-65k-shakes-off-4m-etf-outflow-and-geopolitical-uncertainty">Bitcoin Rebounds To $65K, Shakes Off $4M ETF Outflow And Geopolitical Uncertainty</a>
Strategic Moves And Future Prospects
This collaboration is part of Telegram's broader strategy to incorporate advanced blockchain solutions that facilitate widespread user engagement and monetization opportunities for developers and content creators within the platform. 
The move is expected to drastically increase the use of mini-apps and bots, potentially engaging over 700 million users monthly.
Durov also criticized the prevalent models of monetization in digital platforms, which exploit user data without fair compensation. 
In contrast, Telegram offers one of the most generous revenue-sharing models, returning 50% of ad-generated revenue to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38208979/what-is-going-on-with-ton-the-most-interesting-eco-says-analyst">channel owners and content creators</a>.
This model not only incentivizes quality content production but also aligns with the platform's ethos of equity and user empowerment.
Anticipated Discussions At Benzinga&#8217;s Future of Digital Assets Event
The implications of such integrations are vast and will be a hot topic at the upcoming Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321951/what-happens-after-the-bitcoin-halving">What Happens After The Bitcoin Halving?</a>
Image: Shutterstock

$TON

$USDT

USDT To Deploy On TON Blockchain Amid Telegram Co-Founder Keynote Speech

Adam Neumann&nbsp;is making a renewed effort to regain control of&nbsp;WeWork Inc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/WEWOQ#OTC">WEWOQ</a>)&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/WEWKQ#OTC">WEWKQ</a>) as the company struggles to secure funding and avoid a sale&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/03/37932648/can-wework-find-stability-ousted-ceo-adam-neumanns-over-500m-bid-signals-potential-shift-in-ownershi" rel="noreferrer noopener">amid bankruptcy proceedings</a>.&nbsp;
Since filing for bankruptcy in November, WeWork has been engaged in court-led restructuring, primarily focusing on renegotiating leases, but its financial challenges persist.
Running short of cash, WeWork needs up to&nbsp;$400 million&nbsp;in fresh funding to emerge successfully from bankruptcy.&nbsp;
Failure to secure new investment could force the company to consider a sale, the Financial Times&nbsp;<a target="_blank" href="https://www.ft.com/content/ac28423a-7708-4da9-9388-34dfb09055ce" rel="noreferrer noopener">noted</a>, citing insiders.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/03/37483389/from-london-to-wall-street-wework-rival-iwg-reportedly-eyes-us-listing-for-enhanced-valuation" target="_blank" rel="noreferrer noopener">From London To Wall Street: WeWork Rival IWG Reportedly Eyes US Listing For Enhanced Valuation</a>.
Neumann, the former CEO of WeWork who stepped down in 2019, put forth a conditional offer of approximately $600 million through his new property venture, Flow.
In response to the offer, Alex Spiro, an attorney for Flow, stated their readiness to outbid any other offers by 10% once confidentiality agreements are in place. WeWork aims to emerge from Chapter 11 by the end of May, emphasizing its commitment to strengthening the company with new financial investments.
Rithm Capital&nbsp;and Leonard Blavatnik&#8217;s Access Industries have initially talked with&nbsp;Neumann&nbsp;regarding backing a bid for WeWork. However, skepticism looms among some of the company&#8217;s major lenders and advisors due to&nbsp;Neumann&#8217;s&nbsp;past leadership challenges.
WeWork&#8217;s aggressive approach to renegotiating leases, including withholding post-petition rent, significantly reduced long-term lease obligations. However, cash shortages persist, complicating negotiations with creditors and potential investors.
The ongoing search for cash has created a dilemma for WeWork&#8217;s creditors, who face diluted stakes in the reorganized company. Meanwhile, new funding requirements allow&nbsp;Neumann&nbsp;and other potential bidders to influence the company&#8217;s future.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38333186/increase-in-card-member-spending-boosts-amex-q1-revenue-company-eyes-steady-annual-growth">Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth</a>
Photo: Shutterstock

Financing

General

WEWKQ

WEWOQ

WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company

Whales with a lot of money to spend have taken a noticeably bearish stance on Trade Desk.
Looking at options history for Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $132,000 and 9, calls, for a total amount of $603,182.
<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 $60.0 to $87.5 for Trade Desk over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Trade Desk'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 Trade Desk's whale activity within a strike price range from $60.0 to $87.5 in the last 30 days. 
<h3>Trade Desk Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713543411_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>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$19.75</td>
<td>$19.5</td>
<td>$19.75</td>
<td>$60.00</td>
<td>$136.2K</td>
<td>389</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.3</td>
<td>$11.1</td>
<td>$11.3</td>
<td>$87.50</td>
<td>$102.8K</td>
<td>57</td>
<td style="text-align: right;">91</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.75</td>
<td>$85.00</td>
<td>$95.0K</td>
<td>3.3K</td>
<td style="text-align: right;">388</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.0</td>
<td>$4.95</td>
<td>$5.0</td>
<td>$85.00</td>
<td>$85.5K</td>
<td>3.3K</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$82.00</td>
<td>$60.0K</td>
<td>1.5K</td>
<td style="text-align: right;">242</td>
</tr>
</tbody>
</table>

<h3>About Trade Desk</h3>
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Trade Desk's Current Market Status</h3>
<ul>
<li>With a volume of 773,303, the price of TTD is down -2.67% at $78.65. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 19 days.</li>
</ul>
<h3>What The Experts Say On Trade Desk</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $100.0.
<ul>
<li>An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $100. </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 Trade Desk options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on Trade Desk: Analyzing the Surge in Options Activity

Investors with significant funds have taken a bearish position in Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LCID usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for Lucid Gr. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 22% being bullish and 77% bearish. Of all the options we discovered, 8 are puts, valued at $1,339,015, and there was a single call, worth $30,200.
<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 $1.0 to $3.0 for Lucid Gr during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lucid Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lucid Gr's substantial trades, within a strike price spectrum from $1.0 to $3.0 over the preceding 30 days.
<h3>Lucid Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713543405_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.67</td>
<td>$0.58</td>
<td>$0.67</td>
<td>$2.00</td>
<td>$334.0K</td>
<td>28.6K</td>
<td>5.0K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.68</td>
<td>$0.6</td>
<td>$0.66</td>
<td>$2.00</td>
<td>$222.3K</td>
<td>28.6K</td>
<td>8.5K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$0.69</td>
<td>$0.65</td>
<td>$0.69</td>
<td>$2.50</td>
<td>$207.0K</td>
<td>6.3K</td>
<td>4.8K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.76</td>
<td>$0.68</td>
<td>$0.7</td>
<td>$3.00</td>
<td>$140.0K</td>
<td>67.7K</td>
<td>1</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.36</td>
<td>$1.24</td>
<td>$1.36</td>
<td>$3.00</td>
<td>$132.0K</td>
<td>149.9K</td>
<td>2.1K</td>
</tr>
</tbody>
</table>

<h3>About Lucid Gr</h3>
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
In light of the recent options history for Lucid Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Lucid Gr</h3>
<ul>
<li>With a volume of 6,608,517, the price of LCID is up 0.2% at $2.44. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 17 days.</li>
</ul>
<h3>Expert Opinions on Lucid Gr</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $3.0.
<ul>
<li>An analyst from Morgan Stanley persists with their Underweight rating on Lucid Gr, maintaining a target price of $3. </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 Lucid Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

LCID

Lucid Gr Unusual Options Activity

High-rolling investors have positioned themselves bearish on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</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 GS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for Goldman Sachs Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $76,360, and 15 calls, totaling $925,177.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $310.0 to $412.5 for Goldman Sachs Gr 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 Goldman Sachs Gr'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 Goldman Sachs Gr's whale activity within a strike price range from $310.0 to $412.5 in the last 30 days. 
<h3>Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713543400_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$75.75</td>
<td>$73.95</td>
<td>$75.75</td>
<td>$360.00</td>
<td>$242.1K</td>
<td style="text-align: right;">61</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$22.9</td>
<td>$22.35</td>
<td>$22.35</td>
<td>$390.00</td>
<td>$125.4K</td>
<td style="text-align: right;">620</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$33.3</td>
<td>$30.95</td>
<td>$30.95</td>
<td>$390.00</td>
<td>$108.0K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">35</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$97.5</td>
<td>$93.95</td>
<td>$97.05</td>
<td>$310.00</td>
<td>$97.0K</td>
<td style="text-align: right;">330</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$33.2</td>
<td>$32.8</td>
<td>$33.2</td>
<td>$410.00</td>
<td>$76.3K</td>
<td style="text-align: right;">406</td>
<td style="text-align: right;">28</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.
<h3>Current Position of Goldman Sachs Gr</h3>
<ul>
<li>With a volume of 914,478, the price of GS is up 0.52% at $405.19. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>Expert Opinions on Goldman Sachs Gr</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $426.6.
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $435. </li>
<li>An analyst from BMO Capital has decided to maintain their Market Perform rating on Goldman Sachs Gr, which currently sits at a price target of $360. </li>
<li>Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $465. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Goldman Sachs Gr with a target price of $440. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $433. </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 Goldman Sachs Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Goldman Sachs Gr's Latest Options Trends

Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares are moving higher in early trading Friday following gains of more than 20% on Thursday. Here's a<a href="https://www.benzinga.com/markets/cannabis/24/04/38297096/canopy-growth-ceo-at-benzinga-conference-i-dont-think-our-investors-understand-the-value-that-si"> look at what's going on</a>.
The Details:
Canopy Growth <a href="https://www.benzinga.com/pressreleases/24/04/n38324587/canopy-growth-announces-cbi-conversion-to-exchangeable-shares-and-newly-constituted-board-of-direc">announced</a> after the market close Thursday that CBI exchanged 17,149,925 common shares in the capital of the company for exchangeable shares for no consideration. As a result, the CBG Group no longer holds any common shares in the company.&nbsp;
In connection with the note exchange, Garth Hankinson, Judy Schmeling and James Sabia each resigned from the board effective immediately.&nbsp;
&#8220;This is another important step forward for the Canopy USA strategy following the recent and overwhelming approval of our shareholders to create this exchangeable class of shares,&#8221; said David Klein, CEO of Canopy Growth.
&#8220;We look forward to maintaining an enduring positive relationship with CBI as our largest shareholder, and to the further advancement of the Canopy USA strategy that this change enables as Canopy USA moves forward with the acquisitions of Wana, Jetty and Acreage.&#8221;
Related News: <a href="https://www.benzinga.com/news/24/04/38324715/whats-going-on-with-google-parent-alphabet-stock-ahead-of-earnings">What&#8217;s Going On With Google Parent Alphabet Stock Ahead Of Earnings?</a>
<h2 class="wp-block-heading" id="h-is-cgc-a-good-stock-to-buy">Is CGC A Good Stock To Buy? </h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/CGC">Canopy Growth</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Canopy Growth does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/CGC">Canopy Growth</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
CGC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Canopy Growth shares are up 1.28% at $7.93 at the time of publication Friday.
Image: Nicky from Pixabay

Cannabis

What's Going On With Canopy Growth Stock?

Macquarie analyst Sunny Chow initiates coverage on H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) with a Outperform rating and announces Price Target of $48.

Initiation

HTHT

Macquarie Initiates Coverage On H World Group with Outperform Rating, Announces Price Target of $48

<a href="https://ml.globenewswire.com/Resource/Download/9ee5bd01-bdbc-43f7-af2d-e4c34004b336">https://ml.globenewswire.com/Resource/Download/9ee5bd01-bdbc-43f7-af2d-e4c34004b336</a>
Dear Members of the Board:&nbsp;
A fund managed by Butler Hall Capital LLC, ("Butler Hall", "we" or "our") with current ownership of 350,000 shares of Vanda Pharmaceuticals Inc. ("Vanda" or the "Company"), has issued an open letter to the Company's board of directors (the "Board") regarding the potential bid for Vanda submitted by Future Pak, LLC ("Future Pak"). Future Pak has submitted a bid to acquire the Company without a financing contingency for a price that is 79.0%-91.4% above Vanda's closing price as of April 16th, 2024 and has indicated various ways to improve the offer including "a potential increase in the cash consideration" [1]. While we agree with the Board that the stock is significantly undervalued given the combination of its fortress balance sheet ($6.75/share of net cash), newly acquired Ponvory assets (which the Company paid $1.75/share for) and the $192.6 million of revenues in 2023 from its existing portfolio [1], we do not believe the Board has earned the right to outright reject such an offer. Moreover, the refusal to engage in a discussion leaves us extremely concerned that such actions will impair our investment in the Company. The Board should immediately form an independent special committee to engage with Future Pak and run a full sales process to achieve the highest value for shareholders. We believe any failure to do so would be a clear disregard of the Board's fiduciary duty to the Company's shareholders.
&nbsp;We believe the Board's actions over the past several years have led to significant value destruction and a stock that trades well below its net cash balance. We think these actions have left Vanda's management and the Board with no credibility as evident by the stock's anemic performance, specifically down 52.9% and 42.9% in 2022 and 2023, respecƟvely. Further, the poor equity performance has coincided with a period in which the management team has significantly enriched themselves. For example, Dr. Mihael Polymeropoulos, the Chairman of the Board and the Chief ExecuƟve Officer ("CEO") of the Company, has received approximately $40 million in compensaƟon over the past 10 years [2] . When considering that Vanda's stock has declined by approximately 83% in just the past five years and has significantly underperformed the indices highlighted in its last form 10-K filing, the compensaƟon of certain members of management appears excessive to us [3]. It also leads us to quesƟon the real reason why such a substanƟal offer was rejected and whether the Board is acƟng to enrich themselves rather than to maximize shareholder value.

Management

VNDA

Butler Hall Capital Has Issued An Open Letter To VNDA's Board Of Directors Urging The Company To Run A Full Sales Process To Maximize Shareholder Value