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Cango

Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

Cango Inc

CANG BAO TIN XIA INTL ART by Cang Bao Tian Xia International Art Trade Center Inc.

Cang Bao Tian Xia International Art Trade Center Inc

Bruker Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brkr#NASDAQ">BRKR</a>) recently announced the acquisition of Dynamic Biosensors GmbH, or DBS, a pioneering company known for its development in biosensors. The acquisition is aimed at boosting Bruker&#39;s biophysical portfolio, which is used for analyzing molecular interactions and kinetics. Financial details of the transaction were not disclosed.
Hence, the latest strategic acquisition is expected to strengthen Bruker&#39;s position in the pharma and biotech industries. The acquisition will leverage Bruker&#39;s leading high-throughput Surface Plasmon Resonance (&quot;SPR&quot;) portfolio and Dynamic Biosensors&#39; unique instruments.
<h2>BRKR&#39;s Likely Stock Trend Following the News</h2>
Subsequent to the news, the share price of BRKR moved north 1% to $67.46 on Wednesday. The company is gaining a high level of synergies from its continuous effort to reinforce its leading position within the pharma and biotech industries. Given the latest acquisition announcement, we expect market sentiment toward BRKR stock to continue to remain positive.
BRKR currently has a market capitalization of $9.97 billion. The company has a trailing four-quarter average earnings surprise of 10.09%.
<h2>Significance of Bruker&#39;s Latest Acquisition</h2>
DBS develops and markets innovative technologies for studying complex molecular interactions and kinetics to support drug discovery in the pharma and biotech industries, as well as in basic and medical research. The new Dynamic Biosensor heliX&nbsp;instrument performs single-cell Interaction Cytometry (scIC) for kinetic measurements directly on cells, retaining the molecules&#39; native membrane environment. Bruker&#39;s SPR portfolio includes all new SPR #64 &lsquo;Triceratops&#39;, and the 24 and 32-spot Sierra-Pro SPR systems.
The Bruker SPR portfolio is a great match for DBS&#39;s products. Hence, following the acquisition, the combined Bruker Biosensors business will offer one of the most innovative ranges of instruments, workflows, and consumables for studying intermolecular and molecule-cell interactions in the drug discovery pipeline. The acquisition should help Bruker establish itself as a new technology leader in biosensors with a differentiated offering.
In fiscal 2025, Bruker expects its Biosensors business to have an additional revenue gain of more than $5 million from the DBS acquisition, with no material EPS impact.
<h2>Other Recent Developments by Bruker</h2>
In August, Bruker completed the installation and acceptance of a 1.2 GHz Avance NMR spectrometer at the Korea Basic Science Institute (&quot;KBSI&quot;). As the first 1.2 GHz NMR system in the Asia-Pacific region, it sets a new benchmark for molecular, cell biology and disease research using ultra-high-field NMR.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a8/80555.jpg?v=1793157732" />
Image Source: Zacks Investment Research
The same month, the company announced a strategic investment in&nbsp;NovAliX &mdash; a preclinical Contract Research Organization specializing in expert drug discovery services. Bruker&#39;s partnership with NovAliX should enable both companies to accelerate the development, incubation, deployment and support of advanced biophysical methods. The collaboration will leverage Bruker&#39;s leading post-genomic solutions competencies, combined with NovAliX&#39;s expert services and innovation.
<h2>Industry Prospects Favor Bruker</h2>
Per a Grand View Research report, the global biosensors market was valued at $28.9 billion in 2023 and is expected to witness a compound annual growth rate of 8.0% from 2024 to 2030. The demand for biosensors is increasing due to the diversity of medical applications, the increasing number of diabetic patients, the high demand for compact diagnostic devices and rapid technological improvement.
<h2>BRKR&#39;s Price Performance</h2>
In the past year, BRKR&#39;s shares have risen 6% compared with the industry&#39;s 23.8% growth.&nbsp;
<h2>BRKR&#39;s Zacks Rank and Key Picks</h2>
BRKR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are TransMedics Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>), AxoGen (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) and OrthoPediatrics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kids#NASDAQ">KIDS</a>). While TransMedics sports a Zacks Rank #1 (Strong Buy) at present, AxoGen and OrthoPediatrics carry a Zacks Rank #2 (Buy) each.
Estimates for TransMedics&#39; 2024 earnings per share have moved up 0.8% to $1.22 in the past 30 days. Shares of the company have soared 189.3% in the past year compared with the industry&#39;s 20.7% growth. TMDX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 287.50%. In the last reported quarter, it delivered an earnings surprise of 66.67%.
Estimates for AxoGen&#39;s 2024 loss per share have remained constant at 1 cent in the past 30 days. Shares of the company have surged 212.1% in the past year compared with the industry&#39;s 20.7% growth. AXGN&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 96.5%. In the last reported quarter, it delivered an earnings surprise of 200%.
Estimates for OrthoPediatrics&#39; 2024 loss per share have declined to 92 cents from 96 cents in the past 30 days. In the past year, shares of KIDS have lost 5.8% against the industry&#39;s 20.7% growth. In the last reported quarter, it delivered an earnings surprise of 25.81%. Its earnings surpassed estimates in each of the trailing four quarters, the average surprise being 26.81%.
<a href="https://www.zacks.com/stock/news/2347087/bruker-stock-gains-from-its-latest-acquisition-of-dynamic-biosensors?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2347087">To read this article on Zacks.com click here.</a>

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Bruker Stock Gains From Its Latest Acquisition of Dynamic Biosensors

Ketamine Clinics Los Angeles has announced a partnership with FireflyVR to integrate <a href="https://www.benzinga.com/topic/virtual-reality">virtual reality</a> technology into its Ketamine Infusion Therapy program with the idea of enhancing patient care and mental health treatment outcomes. This collaboration will combine immersive digital mindfulness experiences with evidence-based therapies for conditions like depression and PTSD.
<h3 class="wp-block-heading">Virtual Reality Meets Ketamine Therapy</h3>
FireflyVR's platform, The Sanctuary, offers dynamic VR environments that engage patients through guided mindfulness exercises such as breath work, body scans and meditations. This technology will play a key role in KCLA's preparation and integration process, helping patients mentally prepare for <a href="https://www.benzinga.com/markets/cannabis/23/02/30706849/are-ketamine-infusions-addictive">ketamine infusions</a> and aiding their reflection and recovery post-treatment.
&#8220;Our entire team has undergone extensive training in preparation and integration to offer compassionate care for patients undergoing ketamine infusions,&#8221; Sam Mandel, CEO and co-founder of KCLA told Benzinga. &#8220;This cutting-edge tool will enhance the world-class treatment KCLA patients already receive daily.&#8221; Founded in 2014, KCLA is a leader in Ketamine Infusion Therapy and has treated over 6,000 patients, with an 83% success rate.
Firefly harnesses guided VR to promote neural activity that retrains and restores functional plasticity, enhancing patients receptiveness to treatment during the pre-and-post treatment phases of Ketamine Infusion Therapy.The collaboration reflects a <a href="https://www.benzinga.com/personal-finance/24/10/41198368/warren-buffetts-son-who-famously-cashed-in-his-90-000-inheritance-at-19-spends-millions-in-buffe">growing trend</a> in the mental health field, where virtual reality is being harnessed to promote cognitive changes and mental well-being. 
FireflyVR's CEO, Shel Mann, explained that their VR environments help "reset behaviors and immerse patients in transformative practices," which improves receptiveness to treatment.
Cover image made with AI

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Ketamine Clinics Los Angeles Partners With FireflyVR For Virtual Reality-Enhanced Patient Care

In the current session, the stock is trading at $29.11, after a 0.41% increase. Over the past month, Marathon Oil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) stock increased by 11.25%, and in the past year, by 11.21%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1728330322_0.png" alt="Past Year Chart" />

<h3>Comparing Marathon Oil P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 18.32 in the Oil, Gas &amp; Consumable Fuels industry, Marathon Oil Inc. has a lower P/E ratio of 11.32. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728330322_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Marathon Oil

Cryptocurrency markets are trading relatively flat but clinging to the green zone.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$63,031</td>
<td>&nbsp;+0.5%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,432</td>
<td>&nbsp;-0.7%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$145.8</td>
<td>&nbsp;-0.02%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.11</td>
<td>&nbsp;-1.2%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001778</td>
<td>&nbsp;-2.5%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 36% and daily active addresses inching higher by 0.3%. Transactions greater than $100,000 are down from 5,463 to 5,296 in a single day. Exchanges netflows are up by 361.6%.</li>
<li>Coinglass data reports 63,977 traders were liquidated in the past 24 hours with the total liquidations at $209.88 million. Crypto short liquidations stand at $103.3 million, the highest since Sep. 19.</li>
<li>Simply Bitcoin <a href="https://x.com/SimplyBitcoinTV/status/1843312111944094186">cited</a> Coinglass data to show 51,300 BTC have been withdrawn from exchanges this month, including 5,270 BTC today.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41211430/riot-platforms-explores-ai-opportunities-while-staying-focused-on-bitcoin-mining">Riot Platforms Explores AI Opportunities While Staying Focused On Bitcoin Mining</a></li>
<li><a href="https://www.benzinga.com/general/24/10/41213262/bitcoin-ethereum-and-ai-a-conversation-with-the-ceo-of-bit-digital">Bitcoin, Ethereum, And AI: A Conversation With The CEO Of Bit Digital</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200679/len-sassaman-is-bitcoin-creator-satoshi-nakamoto-in-hbo-documentary-polymarket-punters-see">Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41212008/trump-considers-robinhood-exec-dan-gallagher-for-sec-chair-if-re-elected">Trump Considers Robinhood Exec Dan Gallagher For SEC Chair If Re-Elected</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200213/michael-saylors-non-profit-academy-launches-bitcoin-course-placing-king-crypto-at-the-inte">Michael Saylor&#8217;s Non-Profit Academy Launches Bitcoin Course Placing King Crypto At The Intersection Of Energy, Technology, And Anthropology</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>First Neiro On Ethereum (CRYPTO: NEIRO)</td>
<td>&nbsp;$0.001737</td>
<td>&nbsp;+44.4%</td>
</tr>
<tr>
<td>cat in a dogs world (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MEW</a>)</td>
<td>&nbsp;$0.007475</td>
<td>&nbsp;+22.8%</td>
</tr>
<tr>
<td>Mog Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOG</a>)</td>
<td>&nbsp;$0.051746</td>
<td>&nbsp;+15.8%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices trading relatively flat, crypto trader Michaёl van de Poppe sees Bitcoin holding the crucial support area around $60,000 and bouncing upwards. He expects "some lower timeframe retests at $62,000, through which we will test $65,000-$66,000 later this week."
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has held the crucial support area around $60K and bounced upwards. I&#39;m expecting some lower timeframe retests at $62K, through which we will test $65-66K later this week. Breakout above there = new all-time high test. <a href="https://t.co/BhiFhCPT9r">pic.twitter.com/BhiFhCPT9r</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1843259984089673975?ref_src=twsrc%5Etfw">October 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another trader Crypto Caesar analyzed Bitcoin's 7-year channel to mark the top and bottom of the channel. He <a href="https://x.com/crypto_caesar1/status/1843347095560040698">stated</a>, "top of this channel in a 4-year cycle timeframe is about $200,000 or so. Bottom of the channel Q4 26 is about $70,000."
Pro-crypto trader Justin Bennett sees the BTC long liquidations size at $57,000 which is significantly higher than the shorts liquidated at $63,000. He <a href="https://x.com/JustinBennettFX/status/1843343251656315033">concluded</a>,
"It would be a shame if Bitcoin took these out before the real rally begins."
What&#8217;s Next: 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&#8217;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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41204590/anthony-scaramuccis-top-5-crypto-quotes-from-applauding-trump-to-making-progress-with-kama">Anthony Scaramucci&#8217;s Top 5 Crypto Quotes: From &#8216;Applauding&#8217; Trump to &#8216;Making Progress&#8217; With Kamala Harris</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$MEW

$MOG

$SHIB

$SOL

Bitcoin, Ethereum, Dogecoin Holding On Green Zone With Marginal Gains, Trader Predicts 'Will Test $65K To $66K Later This Week'

Company continues suspension of disconnections, waives late fees and pauses collection activities for customers through December 15
ATLANTA, Oct. 7, 2024 /PRNewswire/ -- As the devastation from Hurricane Helene became apparent in the days following the historic storm, Georgia Power moved quickly to suspend disconnections as emergency response efforts ramped up. The company announced today that it has further extended and expanded customer assistance programs with disconnections suspended, late fees waived, and overall collection activities paused for residential and business customers through at least December 15, 2024.

Southern Co's Georgia Power Continues Suspension Of Disconnections, Waives Late Fees, Pauses Collection Activities Through Dec 15 Following Hurricane

Macro Economic Events

Politics

Economics

General

Biden Administration Mobilizes Resources Ahead Of Hurricane Milton

Senior U.S. Intelligence Official Says China Actors Seeking To Influence Down Ballot U.S. Election Races Via Social Media

Barclays analyst Eric Beaumont maintains WEC Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEC#NYSE">WEC</a>) with a Underweight and raises the price target from $86 to $89.

Price Target

Barclays Maintains Underweight on WEC Energy Group, Raises Price Target to $89

Barclays analyst Nicholas Campanella maintains Public Service Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>) with a Overweight and raises the price target from $80 to $98.

Barclays Maintains Overweight on Public Service Enterprise, Raises Price Target to $98

Barclays analyst Eric Beaumont maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Equal-Weight and raises the price target from $40 to $46.

Barclays Maintains Equal-Weight on FirstEnergy, Raises Price Target to $46

Barclays analyst Nicholas Campanella maintains Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) with a Overweight and lowers the price target from $138 to $137.

Barclays Maintains Overweight on Entergy, Lowers Price Target to $137

Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) shares are trading lower by 4.4% to $244.06 Monday afternoon. Shares of insurance companies are trading lower while Floridians <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companie">experience evacuation orders</a> as Category 5 Hurricane Milton approaches the state. The region is still recovering from damage due to Hurricane Helene.
What To Know: The potential for back-to-back hurricanes in such a short time span has raised concerns over escalating insurance claims, which could significantly impact Progressive's financial performance in the upcoming quarter.
As one of the largest auto insurers in the U.S., Progressive has exposure to weather conditinos in Florida. The company offers a range of policies, including automobile, homeowner, and commercial insurance.
What Else: <a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el">Will Kamala Harris&#8217;s Media Blitz, Including &#8217;60 Minutes&#8217; And &#8216;Call Her Daddy,&#8217; Improve Her 2024 Election Prospects?</a>
With Hurricane Milton forecasted to make landfall as a Category 4 or 5 storm, the potential for widespread damage—including flooding, wind damage and storm surge—has investors worried about the number of claims that could emerge. 
Milton&#8217;s size and trajectory suggest it could cause even more destruction than Helene, threatening property, infrastructure, and vehicles across a large portion of Florida.
What Else: Progressive, which has been a strong performer in the property and casualty insurance sector, faces the risk of a surge in auto claims. Florida is a key market for the company, and major hurricanes typically result in substantial damage to vehicles due to flooding and flying debris.
In the wake of Milton, Progressive may see a significant uptick in claims related to auto damage and wrecked vehicles, as well as property claims from homeowners affected by the storm.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41213960/stocks-slip-as-oil-prices-surge-10-year-yields-cross-4-energy-sector-outperforms-whats-driving-m">Stocks Slip As Oil Prices Climb, 10-Year Yields Cross 4%; Energy Sector Outperforms: What&#8217;s Driving Markets Monday?</a>
When Hurricane Helene hit less than two weeks ago, initial assessments suggested that insurance losses would be manageable. However, with Milton now expected to hit harder and affect a broader area, Progressive could be bracing for much higher claim volumes than originally anticipated. 
The combination of claims from both storms could place significant pressure on the company&#8217;s underwriting profitability for the remainder of the year.
<h2 class="wp-block-heading">How To Buy PGR Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Progressive&#8217;s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PGR has a 52-week high of $260.46 and a 52-week low of $141.84.

Why Progressive (PGR) Shares Are Falling

Barclays analyst Nicholas Campanella maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $128 to $137.

Barclays Maintains Overweight on DTE Energy, Raises Price Target to $137

Deep-pocketed investors have adopted a bullish approach towards McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</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 MCD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for McDonald's. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 65% leaning bullish and 26% bearish. Among these notable options, 22 are puts, totaling $1,226,308, and 4 are calls, amounting to $153,933.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $290.0 and $440.0 for McDonald's, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for McDonald's options trades today is 439.33 with a total volume of 3,069.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for McDonald's's big money trades within a strike price range of $290.0 to $440.0 over the last 30 days.
<h3>McDonald's Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329443_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$139.5</td>
<td>$137.05</td>
<td>$139.5</td>
<td>$440.00</td>
<td>$111.6K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$12.3</td>
<td>$12.25</td>
<td>$12.3</td>
<td>$305.00</td>
<td>$77.4K</td>
<td style="text-align: right;">113</td>
<td style="text-align: right;">368</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.4</td>
<td>$15.05</td>
<td>$15.16</td>
<td>$310.00</td>
<td>$75.3K</td>
<td style="text-align: right;">216</td>
<td style="text-align: right;">254</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.1</td>
<td>$15.1</td>
<td>$15.1</td>
<td>$310.00</td>
<td>$75.3K</td>
<td style="text-align: right;">216</td>
<td style="text-align: right;">354</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.55</td>
<td>$12.3</td>
<td>$12.38</td>
<td>$305.00</td>
<td>$73.8K</td>
<td style="text-align: right;">113</td>
<td style="text-align: right;">368</td>
</tr>
</tbody>
</table>

<h3>About McDonald's</h3>
McDonald's is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.
After a thorough review of the options trading surrounding McDonald's, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>McDonald's's Current Market Status</h3>
<ul>
<li>With a volume of 1,230,705, the price of MCD is down -0.99% at $300.76. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>What The Experts Say On McDonald's</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $326.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Loop Capital has decided to maintain their Buy rating on McDonald's, which currently sits at a price target of $342. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for McDonald's, targeting a price of $330. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on McDonald's, maintaining a target price of $317. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on McDonald's with a target price of $325. 
&#x2A; An analyst from Baird persists with their Outperform rating on McDonald's, maintaining a target price of $320. 
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 McDonald's, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

McDonald's Unusual Options Activity For October 07

Financial giants have made a conspicuous bullish move on DraftKings. Our analysis of options history for DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $57,957, and 10 were calls, valued at $514,117.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $45.0 for DraftKings during the past quarter. 
<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 DraftKings'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 DraftKings's whale activity within a strike price range from $20.0 to $45.0 in the last 30 days. 
<h3>DraftKings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329439_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.7</td>
<td>$4.65</td>
<td>$4.7</td>
<td>$35.00</td>
<td>$164.9K</td>
<td>4.3K</td>
<td style="text-align: right;">450</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.65</td>
<td>$1.63</td>
<td>$1.63</td>
<td>$45.00</td>
<td>$56.2K</td>
<td>16.1K</td>
<td style="text-align: right;">292</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$7.3</td>
<td>$7.15</td>
<td>$7.2</td>
<td>$34.00</td>
<td>$51.1K</td>
<td>521</td>
<td style="text-align: right;">72</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$1.11</td>
<td>$0.89</td>
<td>$0.99</td>
<td>$38.00</td>
<td>$49.5K</td>
<td>550</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$35.00</td>
<td>$40.4K</td>
<td>4.3K</td>
<td style="text-align: right;">99</td>
</tr>
</tbody>
</table>

<h3>About DraftKings</h3>
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in 27 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Having examined the options trading patterns of DraftKings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is DraftKings Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,729,167, the DKNG's price is down by -4.28%, now at $37.6. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 24 days.</li>
</ul>
<h3>Professional Analyst Ratings for DraftKings</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $52.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Susquehanna persists with their Positive rating on DraftKings, maintaining a target price of $50. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $60. 
&#x2A; An analyst from Benchmark downgraded its action to Buy with a price target of $44. 
&#x2A; An analyst from Morgan Stanley has revised its rating downward to Overweight, adjusting the price target to $47. 
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $60. 
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 DraftKings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

DKNG

This Is What Whales Are Betting On DraftKings

High-rolling investors have positioned themselves bearish on Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</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 ICE often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Intercontinental Exchange. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $47,530, and 7 calls, totaling $781,594.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $180.0 for Intercontinental Exchange during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Intercontinental Exchange stands at 757.86, with a total volume reaching 2,252.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intercontinental Exchange, situated within the strike price corridor from $145.0 to $180.0, throughout the last 30 days.
<h3>Intercontinental Exchange Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329434_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$160.00</td>
<td>$335.1K</td>
<td>3.5K</td>
<td style="text-align: right;">510</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$180.00</td>
<td>$164.8K</td>
<td>153</td>
<td style="text-align: right;">329</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.4</td>
<td>$3.2</td>
<td>$3.4</td>
<td>$170.00</td>
<td>$113.2K</td>
<td>268</td>
<td style="text-align: right;">361</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$165.00</td>
<td>$53.5K</td>
<td>721</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ICE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.4</td>
<td>$4.1</td>
<td>$4.4</td>
<td>$145.00</td>
<td>$47.5K</td>
<td>140</td>
<td style="text-align: right;">803</td>
</tr>
</tbody>
</table>

<h3>About Intercontinental Exchange</h3>
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).
After a thorough review of the options trading surrounding Intercontinental Exchange, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Intercontinental Exchange</h3>
<ul>
<li>With a trading volume of 1,347,869, the price of ICE is down by -1.97%, reaching $159.56.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 24 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Intercontinental Exchange</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $187.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Intercontinental Exchange with a target price of $175. 
&#x2A; Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $200. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $200. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Intercontinental Exchange, targeting a price of $185. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Intercontinental Exchange, which currently sits at a price target of $179. 
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 Intercontinental Exchange with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With ICE

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 20 years by 3.83% on an annualized basis producing an average annual return of 12.35%. Currently, Republic Servs has a market capitalization of $62.63 billion. 
Buying $100 In RSG: If an investor had bought $100 of RSG stock 20 years ago, it would be worth $1,009.75 today based on a price of $199.41 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329415_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.

Here's How Much You Would Have Made Owning Republic Servs Stock In The Last 20 Years

When you <a href="https://www.benzinga.com/personal-finance/24/08/40378006/exactly-how-much-money-do-you-need-to-be-rich-heres-a-look-at-the-numbers">hear the word "rich,"</a> your mind probably conjures images of luxury – sleek cars, sprawling mansions, and a life of indulgence. But being rich on paper doesn't always mean you're really rich. You can have a high income or flashy assets but still not be considered truly wealthy.
In the U.S., defining the difference between being "rich" and "really rich" (aka "wealthy") is far from straightforward. The numbers are important, but the mindset and lifestyle that come with them are just as critical.
Don't Miss:
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<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>
Rich vs. Really Rich: The Key Difference
Simply put, being rich usually means you have a high income, but being really rich or wealthy means you've accumulated enough assets and net worth to sustain your lifestyle without relying on your job. In short, wealth is about long-term financial security, while being rich is often just about current cash flow.
See Also: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
How Much Money Do You Need to Be Rich?
According to Charles Schwab's 2024 Modern Wealth Survey, the average American thinks you need a <a href="https://www.benzinga.com/personal-finance/24/09/41013499/how-much-do-you-really-need-to-be-rich-heres-the-magic-number-people-now-say-is-wealthy">net worth of around $2.5 million</a> to be considered wealthy. That's up from $2.2 million in previous years.
But of course, this number can vary wildly depending on where you live. If you're in San Francisco, people think you need a cool $4.4 million to be considered wealthy, thanks to sky-high living costs. On the other hand, New Yorkers set their threshold at $2.9 million. Your ZIP code plays a big role in how people define wealth.
Trending: Are you richer than most people you know?<a href="https://www.benzinga.com/money/are-you-richer-than-most-people"> Here&#8217;s the net worth you need at every age to be above average.</a>
High Income vs. High Net Worth
While net worth is one way to measure wealth, the IRS focuses on income when defining who is rich. They say earning about $45,000 per month – or $540,000 annually – puts you in the "wealthy" category. But to hit the upper echelon, you'd need to rake in closer to $68,277 per month, according to the Economic Policy Institute, which defines the top 1% of earners.
The Wealth Spectrum
If you're curious about where most Americans fall, the U.S. Census Bureau provides more insight. The top 20% of earners make around $130,545 per year, nearly double the median household income of $71,000. So, while that might seem pretty solid, it's not enough to be in the top 1%.
For those wondering about net worth, it's another story. To land in the top 1% in America by net worth, you need about $11.6 million, according to The Kickass Entrepreneur. If you're in the top 5%, you're looking at $1.17 million. So, there's a big gap between being well-off and truly wealthy.
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
Rich vs. Wealthy: What's the Difference?
Here's where things get interesting: being "rich" and "wealthy" aren't quite the same. Rich usually refers to having a high income, which means you can spend freely on luxury and lifestyle. But that doesn't mean you're secure for the long haul. As the saying goes, "You can be rich, but still living paycheck to paycheck."
Conversely, wealth is more about net worth – the total of your assets minus your debts. It's not just about having money but enough to give you long-term financial freedom.&nbsp;
See Also: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Personal Finance Is Personal
Ultimately, the idea of being rich or wealthy <a href="https://www.benzinga.com/personal-finance/24/09/41075540/is-your-401-k-balance-above-average-find-out-if-youre-beating-most-savers">comes down to personal perspective</a>. Some people might prioritize security over big earnings, focusing more on financial comfort than hitting a specific number. Others might dream of a retirement spent traveling the world or having enough freedom to pursue passions without worrying about the next paycheck.
Financial well-being isn't a one-size-fits-all. <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">Consulting a financial advisor</a> can help you develop a strategy that aligns with your goals, whether building wealth, securing a comfortable retirement, or simply finding peace of mind.
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<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li><a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a></li>
</ul>

Personal Finance

Are You Rich or 'Really' Rich? Here's the Extreme Difference Between the Two Levels of Wealth

Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) has outperformed the market over the past 10 years by 11.15% on an annualized basis producing an average annual return of 22.85%. Currently, Veeva Systems has a market capitalization of $32.68 billion. 
Buying $100 In VEEV: If an investor had bought $100 of VEEV stock 10 years ago, it would be worth $793.08 today based on a price of $203.12 for VEEV at the time of writing.
<h3>Veeva Systems's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728329410_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.

VEEV

Here's How Much You Would Have Made Owning Veeva Systems Stock In The Last 10 Years

Barclays analyst Nicholas Campanella maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Equal-Weight and raises the price target from $118 to $124.

Barclays Maintains Equal-Weight on Chesapeake Utilities, Raises Price Target to $124

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
We&rsquo;re diving into the biggest pre-market stock movers that traders need to know about on Tuesday morning!



Moving stocks this morning are delisting updates, proposed public offerings, earnings reports and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>HWH International (NASDAQ:<a href="https://investorplace.com/stock-quotes/hwh-stock-quote/">HWH</a>) stock is rocketing more than 64% alongside heavy pre-market trading.</li>



<li>Pineapple Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/pegy-stock-quote/">PEGY</a>) shares are soaring close to 40% on <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318247958&amp;type=PDF&amp;symbol=PEGY&amp;cdn=6faca0d35e03a4bbb58b6ee8551588d2&amp;companyName=Pineapple+Energy+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-22">plans to regain listing compliance</a>.</li>



<li>ImmunityBio (NASDAQ:<a href="https://investorplace.com/stock-quotes/ibrx-stock-quote/">IBRX</a>) stock is surging over 25% after getting approval for its <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/us-fda-approves-immunitybios-bladder-cancer-therapy-2024-04-22/">bladder cancer therapy</a>.</li>



<li>Nuwellis (NASDAQ:<a href="https://investorplace.com/stock-quotes/nuwe-stock-quote/">NUWE</a>) shares are gaining more than 22% with strong early morning trading.</li>



<li>China Natural Resources (NASDAQ:<a href="https://investorplace.com/stock-quotes/chnr-stock-quote/">CHNR</a>) stock is rising 22% with heavy pre-market trading.</li>



<li>Cango (NYSE:<a href="https://investorplace.com/stock-quotes/cang-stock-quote/">CANG</a>) shares are increasing over 21% after announcing a <a href="https://www.nasdaq.com/press-release/cango-inc.-announces-up-to-us%2450-million-new-share-repurchase-program-2024-04-23">share repurchase program</a>.</li>



<li>BurgerFi International (NASDAQ:<a href="https://investorplace.com/stock-quotes/bfi-stock-quote/">BFI</a>) stock is heading more than 19% higher this morning.</li>



<li>Hibbett (NASDAQ:<a href="https://investorplace.com/stock-quotes/hibb-stock-quote/">HIBB</a>) shares are jumping over 18% on <a href="https://www.nasdaq.com/press-release/hibbett-inc.-announces-definitive-agreement-to-be-acquired-by-jd-sports-fashion-plc">an acquisition agreement</a>.</li>



<li>AGBA Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/agba-stock-quote/">AGBA</a>) stock is getting a more than 17% boost on Tuesday morning.</li>



<li>iSpecimen (NASDAQ:<a href="https://investorplace.com/stock-quotes/ispc-stock-quote/">ISPC</a>) shares are up over 14% today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Abeona Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/abeo-stock-quote/">ABEO</a>) stock is crashing more than 47% after getting a <a href="https://www.nasdaq.com/press-release/abeona-therapeutics-provides-regulatory-update-on-pz-cel-2024-04-22">Complete Response Letter from regulators</a>.</li>



<li>Greenwave Technology Solutions (NASDAQ:<a href="https://investorplace.com/stock-quotes/gwav-stock-quote/">GWAV</a>) shares are plummeting over 33% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318248592&amp;type=PDF&amp;symbol=GWAV&amp;cdn=36e4843b6ee923cf2289fd3b2cf6f5e0&amp;companyName=Greenwave+Technology+Solutions+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-22">direct offering an private placement</a>.</li>



<li>T2 Biosystems (NASDAQ:<a href="https://investorplace.com/stock-quotes/ttoo-stock-quote/">TTOO</a>) stock is diving more than 23% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318248570&amp;type=PDF&amp;symbol=TTOO&amp;cdn=3ccae1203bc717814e57235b6bea5744&amp;companyName=T2+Biosystems+Inc.&amp;formType=S-1&amp;formDescription=Registration+statement+under+Securities+Act+of+1933&amp;dateFiled=2024-04-22">proposed public offering</a>.</li>



<li>Calix (NYSE:<a href="https://investorplace.com/stock-quotes/calx-stock-quote/">CALX</a>) shares are taking an over 18% beating after <a href="https://finance.yahoo.com/news/calix-calx-tops-q1-earnings-212003785.html">posting Q1 earnings</a>.</li>



<li>Phio Pharmaceuticals&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/phio-stock-quote/">PHIO</a>) stock is tumbling more than 15% on <a href="https://www.nasdaq.com/press-release/intratumoral-injection-of-phios-ph-762-significantly-inhibits-tumor-growth-in-murine">new clinical data</a>.</li>



<li>Jaguar Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/jagx-stock-quote/">JAGX</a>) shares are falling over 15% with a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318248190&amp;type=PDF&amp;symbol=JAGX&amp;cdn=2ef79b231ff4af92905857fae43029ad&amp;companyName=Jaguar+Health+Inc.&amp;formType=S-3&amp;formDescription=Registration+statement+under+Securities+Act+of+1933&amp;dateFiled=2024-04-22">proposed public offering</a>.</li>



<li>Complete Solaria (NASDAQ:<a href="https://investorplace.com/stock-quotes/cslr-stock-quote/">CSLR</a>) stock is dropping 14% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318247895&amp;type=PDF&amp;symbol=CSLR&amp;cdn=2e892f52c83709c93966a5d97525ef85&amp;companyName=Complete+Solaria+Inc+Com&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-22">with a delisting warning</a>.</li>



<li>Sunshine Biopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbfm-stock-quote/">SBFM</a>) shares are decreasing more than 11% today.</li>



<li>Secoo (NASDAQ:<a href="https://investorplace.com/stock-quotes/seco-stock-quote/">SECO</a>) stock is sliding over 11% this morning.</li>



<li>Xerox (NASDAQ:<a href="https://investorplace.com/stock-quotes/xrx-stock-quote/">XRX</a>) shares close out our pre-market stock movers down more than 10% after <a href="https://www.nasdaq.com/press-release/xerox-releases-first-quarter-results-2024-04-23">releasing its Q1 earnings</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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CALX

CANG

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DELL

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GWAV

HIBB

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ISPC

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JAGX

MAXN

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NCNO

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NUWE

OKTA

PATH

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PHIO

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SBFM

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TTOO

ULTA

Cango Inc. Reports Third Quarter 2023 Unaudited Financial Results

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Cango Inc. to Report First Quarter 2024 Financial Results on June 12, 2024 Eastern Time

Commodities

Cango Inc. Reports First Quarter 2024 Unaudited Financial Results

Cango Inc. to Report Second Quarter 2024 Financial Results on August 29, 2024 Eastern Time

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