DraftKings Option Alert: May 16 $44 Puts at the Bid: 500 vs 1062 OI; Earnings 5/1 After Close [est] 

DraftKings Option Alert: May 16 $44 Puts at the Bid: 500 @ $11.2 vs 1062 OI; Earnings 5/1 After Close [est] Ref=$32.8

DraftKings Option Alert: May 16 $34 Calls at the Ask: 2800 vs 217 OI; Earnings 5/1 After Close [est] 

DraftKings Option Alert: May 16 $34 Calls at the Ask: 2800 @ $2.53 vs 217 OI; Earnings 5/1 After Close [est] Ref=$33.125

DraftKings (NASDAQ:DKNG) Bolsa

DRAFTKINGS INC-CL A

DraftKings

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 about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

DraftKings Inc

Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares are moving higher and trending on Thursday. Here&#8217;s a look at <a href="https://www.benzinga.com/pressreleases/25/05/b45435097/archer-selected-as-the-official-air-taxi-provider-of-the-la28-olympic-and-paralympic-games-and-tea">what&#8217;s going on</a>.
What To Know: Archer on Thursday announced an exclusive partnership making the company the official air taxi provider of the LA28 Olympic and Paralympic Games. The company was also selected as the official air taxi provider for Team USA.
&#8220;We want to transform the way people get around Los Angeles and leave a legacy that shapes the future of transportation in America. There&#8217;s no better time to do that than during the LA28 Games,&#8221; said Adam Goldstein, CEO and founder of Archer Aviation.
Archer said it will provide its Midnight eVTOL aircraft during the games for fan and VIP transportation. The agreement also includes access to storytelling throughout NBCUniversal&#8217;s 2026 and 2028 Olympic Games coverage.
Check This Out: <a href="https://www.benzinga.com/content/45433719/joby-just-flew-two-aircraft-at-once-heres-why-it-matters">Joby Just Flew Two Aircraft at Once—Here&#8217;s Why It Matters</a>
Archer shares have surged more than 35% over the past week, boosted by the company&#8217;s quarterly results at the start of the week. The company reported a smaller-than-expected loss of 17 cents for the first quarter versus estimates for a loss of 28 cents. 
Archer said its spending for the quarter stayed within the previously guided range. The company ended the quarter with $1.03 billion in cash and cash equivalents, its highest cash position to date.
Archer also confirmed that it&#8217;s on track to deliver its first aircraft to the UAE in the coming months and said deployment is slated for sometime in 2025.
&#8220;This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year," Goldstein said. 
ACHR Price Action: <a href="http://benzinga.com/quote/ACHR">Archer shares</a> are up about 68% over the past month and have risen approximately 220% over a one-year period. The stock is trading near its 52-week highs of $12.47 and has a momentum score of 98.89, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. Archer shares were up 2.79% at $12.16 at the time of publication Thursday. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45418446/this-weeks-best-short-squeeze-options-trade">This Week&#8217;s Best Short Squeeze Options Trade</a></li>
</ul>
Photo: courtesy of Archer Aviation.

News

Movers

ACHR

Archer Aviation Stock Has Strong Momentum: What's Driving The Action?

<a href="https://www.salesforce.com/news/stories/salesforce-signs-definitive-agreement-to-acquire-convergence-ai/#:~:text=Salesforce%20has%20signed%20a%20definitive,like%20tasks%20in%20digital%20environments">https://www.salesforce.com/news/stories/salesforce-signs-definitive-agreement-to-acquire-convergence-ai/#:~:text=Salesforce%20has%20signed%20a%20definitive,like%20tasks%20in%20digital%20environments</a>

General

Reported Earlier: "Salesforce Signs Definitive Agreement to Acquire Convergence.ai"; No Financial Terms Disclosed

Tigress Financial analyst Ivan Feinseth maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Buy and lowers the price target from $116 to $112.

Price Target

Analyst Ratings

Tigress Financial Maintains Buy on Dolby Laboratories, Lowers Price Target to $112

Cantor Fitzgerald analyst Jennifer Kim reiterates Precigen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGEN#NASDAQ">PGEN</a>) from Overweight to Overweight.

Reiteration

PGEN

Cantor Fitzgerald Reiterates Overweight on Precigento Overweight

WIIM

INAB

IN8bio shares are trading lower. The company announced new preclinical data from its INB-619 program at the 2025 American Society of Gene & Cell Therapy Annual Meeting

RNAZ

TransCode Therapeutics shares are trading lower after the company reported worse-than-expected Q1 EPS results.

Barrington Research analyst Alexander Paris maintains ZSPACE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) with a Outperform and lowers the price target from $11 to $10.

ZSPC

Barrington Research Maintains Outperform on ZSPACE, Lowers Price Target to $10

"Enough is enough," Kevin O'Leary said on CNN's "<a href="https://www.youtube.com/watch?v=gyRXiXQlTMQ">Laura Coates Live</a>" on April 23, launching into a fiery on-air clash that ended with him demanding a staggering 400% tariff on Chinese imports. "Let's just level the playing field," he added. "The [Chinese] government cheats, steals, robs, and does not play by any rules. I don't think 125% is enough—400%!"
The "Shark Tank" investor's push for aggressive trade action sparked a heated exchange with Ross Gerber, CEO of Gerber Kawasaki Wealth &amp; Investment Management, who countered that the U.S. is "tarnishing its brand globally" with its current tariff strategy.
Don't Miss:
<ul class="wp-block-list">
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
<li>Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.</li>
</ul>
<h2 class="wp-block-heading">Clash Over Costs, Trade, And National Identity</h2>
During the CNN debate, O'Leary insisted that the U.S. needs to show resolve. "Have some backbone, my friend. Show some strength. That is the American brand. That is the American entrepreneur," he told Gerber, whom he branded "weak" for opposing stronger tariffs. "You're weak!"
Gerber fired back: "This isn't just about China. You're Canadian. And the Canadians couldn't be more angry at us. We're about to see a dramatic increase in costs across America. Americans haven't had things disappearing from the shelves since COVID."
O'Leary clarified: "First of all, let's set the record straight. I have multiple nationalities. My whole family is American. Now be strong and get ready for the fight of your life."
He emphasized the need to retaliate against intellectual property violations: "To settle this issue with China. Cheating, stealing, ripping off American IP. Enough is enough."
Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a>
The interview came on the heels of President Donald Trump's April announcement that tariffs on Chinese goods were being increased to 145%. China hit back with its own 125% levy on U.S. imports, escalating the trade conflict further.
According to <a href="https://moneyweek.com/economy/global-economy/us-china-trade-decoupling">MoneyWeek</a>, the tariff battle is already triggering ripple effects—disrupting global supply chains, shuttering Chinese factories, and boosting U.S. consumer prices. <a href="https://www.rfa.org/english/china/2025/04/29/china-us-tariff-protests-workers-wages/">Radio Free Asia</a> reported that protests erupted across China in May, reflecting growing unrest over surging inflation and factory layoffs.
The economic toll on the U.S. is also mounting. A recent <a href="https://budgetlab.yale.edu/research/where-we-stand-fiscal-economic-and-distributional-effects-all-us-tariffs-enacted-2025-through-april">Yale Budget Lab study</a> showed that tariffs implemented in 2025 have led to a 2.3% spike in consumer prices—amounting to an average $3,800 loss per household. As per <a href="https://www.cnbc.com/2025/04/30/gdp-q1-2025-.html">CNBC</a>, the U.S. GDP shrank by 0.3% in the first quarter.
Citadel CEO and a major Republican donor Ken Griffin issued a critical response on April 23 during Semafor's World Economy Summit, Griffin said Trump's tariffs had left the country "20% poorer in four weeks," arguing that the impact on the U.S. brand may take years to undo.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a></li>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a></li>
</ul>
Image: Shutterstock

Personal Finance

'Enough Is Enough': Kevin O'Leary Pushes For 400% Tariffs In CNN Debate With Ross Gerber – 'Get Ready For The Fight Of Your Life'

Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) announced today that at its 2025 Annual General Meeting, held at the company's offices in Zurich, Switzerland, shareholders approved a 6.6% increase in the company's dividend to $3.88 per share annually ($0.97 per share, per quarter) from $3.64 per share ($0.91 per share, per quarter). This marks the 32nd consecutive annual increase in the company's dividend. Shareholders also voted in line with the Board's recommendations on all other agenda items at the Annual General Meeting.
The dividend will be payable out of legal reserves in four quarterly installments and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2025 proxy statement. The company's Board of Directors declared that shareholders of record at the close of business on June 13, 2025 will be entitled to payment of the first installment of $0.97 per share on July 3, 2025.
The company also announced today that its Board of Directors has authorized a new $5 billion share repurchase program. The program is effective July 1, 2025 and has no expiration date. The company's existing share repurchase program will remain effective through June 30, 2025. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion.

Dividends

Buybacks

Chubb Increase Quarterly Dividend From $0.91 To $0.97 Per Share; Authorizes New $5B Share Repurchase Program

CTGO

Contango ORE shares are trading higher. The company reported Q1 financial results.

ATXG

ATXG stock has given up its prior gain. Addentax Group shares were trading higher after the company announced it will acquire 8,000 Bitcoins and other cryptocurrencies, including Official Trump.

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 5 years by 12.0% on an annualized basis producing an average annual return of 26.97%. Currently, O'Reilly Automotive has a market capitalization of $77.07 billion. 
Buying $100 In ORLY: If an investor had bought $100 of ORLY stock 5 years ago, it would be worth $329.92 today based on a price of $1352.30 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747322115_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ORLY

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

Mizuho analyst Ann Hynes maintains Icon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) with a Outperform and lowers the price target from $200 to $173.

ICLR

Mizuho Maintains Outperform on Icon, Lowers Price Target to $173

Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) shares are trading higher on Thursday after the company reported <a href="https://www.benzinga.com/pressreleases/25/05/ac45431021/birkenstock-reports-strong-fiscal-second-quarter-2025-ahead-of-annual-guidance-raises-fiscal-2025" target="_blank" rel="noreferrer noopener">the second-quarter FY25 results</a>.
Revenue grew&nbsp;19%&nbsp;year over year (Y/Y) on a reported and 18%&nbsp;Y/Y on a constant currency basis to 574&nbsp;million euros. Revenue growth was driven by double-digit unit growth and mid-single-digit growth in Average Selling Price (ASP).
Adjusted EPS stood at 0.55 euro, up 34% Y/Y, in the quarter. In U.S. dollars, revenue of $603.62 million beat the street view of $567.17 million, and adjusted EPS of 58 cents <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">exceeded the consensus of 54 cents</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45326208/birkenstock-has-a-tariff-advantage-going-in-q2-analyst" rel="noreferrer noopener">Birkenstock Has A Tariff Advantage Going In Q2: Analyst</a>
The company witnessed double-digit revenue growth across all segments, including&nbsp;20% Y/Y&nbsp;in the Americas,&nbsp;12%&nbsp;in EMEA, and&nbsp;30%&nbsp;in APAC&nbsp;on a constant currency basis.
DTC and B2B revenue grew&nbsp;17% Y/Y and&nbsp;18% Y/Y,&nbsp;respectively, on a constant currency basis. B2B revenue growth was led by strong Spring/Summer sell-in (sandals/closed-toe), and DTC revenue growth was aided by digital and strong retail.
The gross profit margin reached 57.7%, an increase of 140 basis points from the 56.3% reported in the second quarter of 2024.
This improvement was driven by adjustments to sales prices, better utilization of the new manufacturing capacity that came online in September 2023, and a positive impact from currency translation.
Adjusted EBITDA rose&nbsp;23% Y/Y to 200&nbsp;million euros, with an adjusted EBITDA margin of&nbsp;34.8%, which was up 110&nbsp;basis points Y/Y.
Operating cash outflow rose to 18 million euros in the quarter. As of March 31, 2025, Birkenstock had cash and cash equivalents of 235&nbsp;million euros.
FY25&nbsp;Outlook: The company now expects FY25 revenue&nbsp;growth to be at the upper end of its prior guidance of 15% to 17%&nbsp;in constant currency and raised adjusted EBITDA margin by <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">50 basis points to 31.3% to 31.8%</a>.
Oliver Reichert, CEO and Member of the Board of Directors said, &#8221;We expect that the tariff situation may create a unique shift in consumer behavior in the footwear category with a split between the few brands, like BIRKENSTOCK, who manage strong brand equity through relative scarcity and those who distribute their products with less discipline and pricing integrity. We will navigate these uncertain times from a position of strength.&#8221;
Investors can gain exposure to the stock via Renaissance IPO ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPO#NYSE">IPO</a>).
Price Action: BIRK shares are up 6.04% to $57.78 at the last check on Thursday.
Read Next:&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44800974/consumers-go-discount-as-tariff-pressures-mount-warns-analyst" target="_blank" rel="noreferrer noopener">Consumers Go Discount As Tariff Pressures Mount, Warns Analyst</a></li>
</ul>
Image by Josh Forden via Shutterstock

Earnings

Equities

Large Cap

Guidance

BIRK

Birkenstock CEO Is Confident Tariffs Is Not A Disadvantage For The Brand

Cantor Fitzgerald analyst Jonathan Ruykhaver maintains Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Overweight and raises the price target from $85 to $95.

RBRK

Cantor Fitzgerald Maintains Overweight on Rubrik, Raises Price Target to $95

ARAI

Arrive AI Shares Halted On Circuit Breaker To The Downside At $28.80/Share

Shares of Chinese e-commerce giant PDD Holdings Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) fell 2.9% to $115.40 on Thursday, mirroring weakness in Alibaba Group&#8217;s stock, which dropped 7.2% to $124.37 after <a href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow">reporting</a> fourth-quarter results.
What To Know: Despite reporting adjusted earnings per ADS of $1.73—beating analyst expectations of $1.48—Alibaba&#8217;s quarterly revenue of $32.58 billion came in below the $33.08 billion consensus estimate. 
The <a href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow">top-line miss</a> overshadowed solid year-over-year growth in several segments, including a 22% increase in international digital commerce revenue and an 18% rise in cloud services.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45439079/powell-signals-fed-may-shift-its-inflation-strategy-after-5-year-economic-shake-up">Powell Signals Fed May Shift Inflation Strategy After 5 Years Of Economic Upheaval</a>
Investors appeared concerned by <a href="https://www.benzinga.com/pressreleases/25/05/b45430814/alibaba-group-announces-march-quarter-2025-and-fiscal-year-2025-results">slowing growth</a> in core commerce and a 12% year-over-year decline in logistics unit Cainiao, which is undergoing restructuring. Moreover, a 76% drop in free cash flow, despite a healthy cash position of over $82 billion, raised questions about Alibaba's capital efficiency.
Why It Matters: With Alibaba often viewed as a bellwether for China's consumer and tech sectors, its weaker-than-expected results and market reaction weighed on PDD stock. The selloff also reflects broader investor caution around China's e-commerce outlook on Thursday.
Read Also: <a href="https://www.benzinga.com/25/05/45436747/coreweave-stock-is-volatile-thursday-whats-going-on">CoreWeave Stock Is Volatile Thursday: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy PDD 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 PDD Holdings&#8217; case, it is in the Consumer Discretionary 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>, PDD has a 52-week high of $164.69 and a 52-week low of $87.11.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Stock Slips Following Alibaba Earnings: What's Going On?

Mizuho analyst Ann Hynes maintains IQVIA Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IQV#NYSE">IQV</a>) with a Outperform and lowers the price target from $210 to $190.

Mizuho Maintains Outperform on IQVIA Hldgs, Lowers Price Target to $190

Mizuho analyst Gregg Moskowitz maintains Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) with a Neutral and raises the price target from $220 to $250.

Mizuho Maintains Neutral on Zscaler, Raises Price Target to $250

<a href="https://www.semiaccurate.com/2025/05/15/arm-to-launch-their-own-branded-server-cpu/" title="https://www.semiaccurate.com/2025/05/15/arm-to-launch-their-own-branded-server-cpu/">https://www.semiaccurate.com/2025/05/15/arm-to-launch-their-own-branded-server-cpu/</a>

'ARM To Launch Their Own Branded Server CPU' - SemiAccurate

Press Releases

DraftKings Announces Jason Robins' Participation in Upcoming Event

Entertainment

Arizona Winner Sets New Jackpocket Record, Wins $112 Million Mega Millions Jackpot From Ticket Ordered Using Jackpocket App

DraftKings to Release Fourth Quarter and Full Year 2024 Results on February 13, 2025 and Host Conference Call on February 14, 2025

DraftKings Reports Fourth Quarter and Fiscal Year 2024 Results

DraftKings Announces Launch of $500 Million Term Loan B Facility

Financing

DraftKings Announces Close of $600 Million Upsized Term Loan B Facility

DraftKings Renews State Council Funding Program and Expands Responsible Gaming Initiatives

DraftKings to Release First Quarter 2025 Results on May 8, 2025 and Host Conference Call on May 9, 2025

Sports

DraftKings Reports First Quarter Revenue of $1,409 Million

DKNG

Accel Entertainment

PlayAGS

Ballys

Boyd Gaming

Codere Online Luxembourg, S.A. - Ordinary Shares

Codere Online Luxembourg

Churchill Downs, Incorporated - Common Stock

Churchill Downs

Canterbury Park Holding Corporation - Common Stock

Canterbury Park Holding

Caesars Entertainment, Inc. - Common Stock

Caesars Entertainment

Everi Holdings

Full House Resorts

Golden Entertainment, Inc. - Common Stock

Golden Entertainment

Genius Sports

International Game Technology Ordinary Shares

Intl Game Tech

Inspired Entertainment, Inc. - Common Stock

Inspired Entertainment

Light & Wonder

Las Vegas Sands

Monarch Casino & Resort, Inc. - Common Stock

Monarch Casino & Resort

MGM Resorts International

Melco Resorts & Entertainment Limited - American Depositary Shares

Melco Resorts and Enter

Studio City International Holdings Limited American depositary shares, each representing four Class A ordinary shares

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:36 AMApr 01, 2025	PUT	$44.00	May 16, 2025	0	500	500	47	1062	TRADE	BULLISH
03:48 PMMar 31, 2025	CALL	$34.00	May 16, 2025	0	3054	2800	1407	217	TRADE	BULLISH

Comments

DraftKings

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL