Rough Rice (CBOT) (RR)

オプションチェーンは、Richtech Roboticsの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Richtech Roboticsの市場センチメントを評価します。.

Richtech Robotics (NASDAQ:RR) 株価情報, オプションチェーン

Richtech Robotics

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics Inc. - Class B Common Stock

Richtech Robotics Inc

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Rigel Resource Acquisition Corp

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KULR Technology Group, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares are trading higher on Wednesday after the company announced it regained NYSE stockholder&#8217;s equity required compliance status. Here&#8217;s what you <a href="https://www.benzinga.com/24/12/42559178/worthington-enterprises-posts-upbeat-results-joins-jabil-archer-aviation-and-other-big-stocks-moving-higher-on-wednesday">need to know</a>.
What To Know: The company was previously cited for non-compliance with Sections 1003(a)(i), (ii) and (iii) of Part 10 of the NYSE American Company Guide in December 2023.
KULR has since demonstrated compliance with these standards for two consecutive quarters. Given the company&#8217;s compliance, the company has been removed from NYSE American noncompliant issuers on the exchange&#8217;s website.
How To Buy KULR Shares
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 KULR Tech Gr's case, it is in the Industrials 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.
Related Link: <a href="https://www.benzinga.com/24/12/42558554/abm-industries-earnings-beat-expectations-but-shares-slide-on-profit-decline">ABM Industries Stumbles Despite Q4 Earnings Beat &#8211; What&#8217;s Going On?</a>
KULR Price Action: At the time of writing, KULR shares are 76% higher at $2.57, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via Shutterstock

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What's Going On With KULR Technology Stock Wednesday?

WIIM

AVGO

Broadcom shares are trading lower, pulling back from its recent post-earnings surge.

Commercial Metals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) short percent of float has fallen 3.62% since its last report. The company recently reported that it has 3.18 million shares sold short, which is 3.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Commercial Metals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734545722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Commercial Metals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Commercial Metals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Commercial Metals's peer group average for short interest as a percentage of float is 4.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Commercial Metals's Recent Short Interest

ITT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) short percent of float has risen 29.09% since its last report. The company recently reported that it has 1.34 million shares sold short, which is 2.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ITT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734545717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ITT has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ITT's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ITT's peer group average for short interest as a percentage of float is 3.33%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About ITT?

When a listener wrote to <a href="https://www.benzinga.com/personal-finance/24/12/42443203/suze-orman-reveals-the-most-important-money-lesson-shes-learned-after-a-life-changing-health-battle">Suze Orman</a> on the Women &amp; Money podcast, her question wasn't just about capital gains taxes – it was about making a smart financial decision. Susan shared how she grew her investments from $0 to $350,000 in just two years and one standout stock in her portfolio was Palantir.
Susan bought <a href="https://www.benzinga.com/markets/equities/24/12/42500980/palantir-surges-over-3-in-overnight-trading-after-army-navy-game-spotlight-elon-musk-and-trumps-presence-and-nasdaq-100-inclusion">Palantir</a> at $16 per share, a move inspired by financial advice Orman had previously shared. With the stock now trading around $70, Susan wondered if selling would trigger capital gains taxes – and if there was any way to avoid them. Here's what Orman had to say.
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<h2 class="wp-block-heading">What Are Capital Gains Taxes?</h2>
<a href="https://www.benzinga.com/general/politics/24/10/41647348/how-do-trump-harris-compare-on-capital-gains-taxes">Capital gains taxes</a> apply when you sell an asset, like stock, for more than you paid. In Susan's case, if she sells Palantir at $70 per share after buying it at $16, she would realize a gain of $54 per share. The IRS taxes this gain based on how long you've held the stock.
<ul>
<li>Short-term gains (held for one year or less) are taxed at the same rate as your ordinary income.</li>
<li>Long-term gains (held for over a year) are taxed at lower rates – 0%, 15% or 20% – depending on your taxable income.</li>
</ul>
For investors like Susan, who have held Palantir for over a year, the long-term capital gains tax rate likely applies. Unfortunately, there's no way to completely avoid capital gains taxes if you sell.
See Also: Deloitte's fastest-growing software company partnered with Amazon, Walmart &amp; Target announces the deadline to invest this year is 12/20. – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
<h2 class="wp-block-heading">Orman's Take: "Should You Sell?"</h2>
Orman asked Susan to reconsider her strategy and stop thinking about the taxes. She said to determine whether selling Palantir is even the right move. She noted that Palantir could rise further, potentially reaching $85 or even $100, according to Keith Fitzgerald, a market expert she often references.
But she also emphasized the importance of managing risk. "Keith also has a rule," Orman explained. "Once you&#8217;ve doubled your money – in your case, from $16 to $32 – you should take those shares off the table." In Susan's case, this would mean selling enough stock to recoup her original investment and letting the remaining shares ride.
This approach protects the initial capital while allowing for further potential growth – essentially turning the rest of the investment into a "free trade."
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">Options to Consider</h2>
Orman also offers some alternative strategies if holding her Palantir stock makes Susan uneasy:&nbsp;
<ul>
<li>Sell half: This reduces stock exposure while keeping a stake in its future growth.</li>
<li>Reinvest profits: Susan could sell and use the proceeds to diversify her portfolio or buy into other promising investments.</li>
<li>Wait for a dip: Selling now and waiting for Palantir&#8217;s value to drop could present a new buying opportunity.</li>
</ul>
Orman acknowledged her experience with Palantir, explaining that she and her wife, KT, have held significant shares despite several opportunities to sell. Their decision is based on their trust in the stock's long-term potential.
<h2 class="wp-block-heading">Key Takeaway</h2>
Ultimately, the question isn't just about capital gains taxes – it's about aligning financial decisions with your goals and comfort level. If Susan sells, she will owe taxes on her gains. However, as Orman points out, the bigger consideration is whether selling Palantir aligns with her overall <a href="https://www.benzinga.com/personal-finance/24/11/41991146/suze-orman-says-this-investment-can-make-your-kids-rich-by-retirement-you-have-a-golden-opportunity-to-launch-them-to-their-first-million">investment strategy</a>.
For investors in similar situations, it's important to weigh the benefits of cashing out against the potential for further growth. Consulting a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can also help tailor a plan for your circumstances.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

If I Sell My Stock In Palantir, Do I Have To Pay Capital Gains Taxes?' – Suze Orman Says The Real Question Is 'Should You Sell?'

Honeywell Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HON#NYSE">HON</a>) short percent of float has fallen 21.34% since its last report. The company recently reported that it has 8.38 million shares sold short, which is 1.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Honeywell Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734545712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Honeywell Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Honeywell Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Honeywell Intl's peer group average for short interest as a percentage of float is 3.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Honeywell Intl's Recent Short Interest

On Wednesday, the Consumer Financial Protection Bureau (CFPB) announced significant measures to protect consumers from deceptive <a target="_blank" href="https://www.benzinga.com/topic/credit-cards" rel="noreferrer noopener">credit card</a> practices and help them save money on interest and fees.
These efforts include issuing a circular to law enforcement agencies, publishing new research on retail credit cards, and launching a comparison tool to aid consumers in navigating the <a target="_blank" href="https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-on-bait-and-switch-credit-card-rewards-tactics/" rel="noreferrer noopener">credit card market</a>.
Investors will closely watch credit card companies, including Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Affirm Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), Corpay, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>), Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) and Shift4 Payments, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42553094/jabil-q1-earnings-tops-expectations-cloud-and-data-center-growth-outlook" rel="noreferrer noopener">Jabil Q1 Earnings: Revenue And EPS Beat, Cloud and Data Center Growth, Raises Annual Outlook</a>
According to the CFPB, some credit card issuers may be engaging in illegal practices such as devaluing rewards points or miles, making it difficult for consumers to redeem promised benefits.
The agency highlighted that companies could face penalties if they fail to deliver advertised rewards, mislead users with hidden terms, or revoke rewards through unclear policies.
The circular aims to deter companies from engaging in bait-and-switch tactics and to encourage fair competition within the credit card industry.
As part of its ongoing research, the CFPB discovered that retail credit cards often charge higher interest rates than general-purpose cards. According to the study, more than 90% of retail cards carry a maximum annual percentage rate (APR) above 30%, compared to just 38% for non-retail cards.
Retail cards, frequently promoted during peak shopping seasons, also account for a disproportionate share of late fees, highlighting potential consumer risks.
The CFPB unveiled its &#8220;Explore Credit Cards&#8221; tool to address these concerns, designed to provide unbiased information about over 500 credit cards. Unlike traditional comparison sites, this platform enables users to compare cards based on interest rates, fees, and rewards without pay-to-play promotions.
Earlier this year, the CFPB revealed that larger credit card issuers charge significantly higher interest rates than smaller banks and credit unions. By making average interest rate data publicly accessible, the CFPB aims to empower consumers to make informed decisions and find the best rates tailored to their needs.
The CFPB plans to continue monitoring the credit card market and welcomes voluntary data contributions from additional issuers to enhance its comparison tool further.
In October, the CFPB ordered Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) to pay <a target="_blank" href="https://www.benzinga.com/government/24/10/41501333/apple-goldman-sachs-fined-89-million-over-apple-card-missteps-government-watchdog-orders-victim-comp" rel="noreferrer noopener">$89 million in fines</a> for deceptive practices regarding the Apple Card.
In December, Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) Wealth Management agreed to pay a <a target="_blank" href="https://www.benzinga.com/24/12/42405341/morgan-stanley-agrees-to-pay-15m-penalty-to-settle-sec-charges-over-advisors-stealing-client-funds" rel="noreferrer noopener">$15 million fine</a> after the SEC found the firm failed to prevent financial advisors from using client funds to cover personal credit card bills. The SEC investigation uncovered gaps in supervisory practices between 2015 and 2022, allowing unauthorized Automated Clearing House (ACH) transfers to advisors&#8217; accounts.
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<li><a href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion" target="_blank" rel="noreferrer noopener">Sony Semiconductor Hits 20 Billion Image Sensor Shipments, Plans Expansion</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

AAPL

AFRM

CPAY

FOUR

Consumer Finance Watchdog Cracks Down on Credit Card Sneaky Fees and False Promises

On Wednesday, Merck&nbsp;&amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) and Hansoh Pharma, a Chinese biopharmaceutical company, entered into an exclusive global license agreement for HS-10535, an investigational preclinical oral small <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42549621/merck-enters-into-exclusive-global-license-agreement-with-hansoh-pharma-for-investigational-oral-g" rel="noreferrer noopener">molecule GLP-1 receptor agonist</a>.
Under the agreement, Hansoh Pharma has granted Merck an exclusive global license to develop, manufacture, and commercialize HS-10535. Hansoh Pharma will receive an upfront payment of $112 million and is eligible to receive up to $1.9 billion in milestone payments associated with the candidate&#8217;s development, regulatory approval, and commercialization, as well as royalties on sales.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/11/42096338/viking-therapeutics-garners-analyst-support-for-nash-and-metabolic-programs" rel="noreferrer noopener">Viking Therapeutics Garners Analyst Support For NASH And Metabolic Programs</a>
Hansoh Pharma may co-promote or solely commercialize HS-10535 in China. Merck will record a pre-tax charge of $112 million, or $0.04 per share, to be included in GAAP and non-GAAP results in the fourth quarter of 2024.
William Blair writes that Merck is seen as a strong candidate to acquire Viking Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>), leading to an expected sell-off in Viking shares. However, the analyst notes that the licensing agreement with Hansoh will not hinder Merck from pursuing additional external business development opportunities in the obesity space.
The licensing deal highlights Merck&#8217;s commitment to obesity, potentially driving further growth through additional partnerships. While the focus on Viking increases investment volatility, data from competitors or new licensing deals could significantly affect its stock.
William Blair remains confident that Viking offers a valuable asset with VK2735, a GLP-1/GIP dual agonist that could become a major player in obesity treatment due to its potential for monthly maintenance <a target="_blank" href="https://www.benzinga.com/general/biotech/24/11/41712739/viking-therapeutics-reveals-early-stage-from-experimental-oral-obesity-drug-showing-weight-loss-a" rel="noreferrer noopener">dosing and oral formulation options</a>.
This asset could strengthen an acquiring company&#8217;s obesity portfolio, with additional potential from Viking&#8217;s amylin program.
Overall, the analyst is optimistic about Viking&#8217;s prospects, maintaining the stock as a top pick for 2025 and an Outperform <a target="_blank" href="https://www.benzinga.com/quote/VKTX/analyst-ratings" rel="noreferrer noopener">rating on its shares</a>.
Price Action: VKTX stock is down 11.4% at $41.37 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42559199/renewable-energy-company-orsted-sells-50-stake-in-us-solar-and-battery-projects-for-572m" target="_blank" rel="noreferrer noopener">Renewable Energy Company Ørsted Sells 50% Stake In US Solar And Battery Projects For $572 Million: Details</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Biotech

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Large Cap

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Reiteration

Analyst Ratings

General

VKTX

What's Going On With Viking Therapeutics Stock On Wednesday?

Hong Kong's securities regulator has approved four new cryptocurrency exchanges, marking a significant step in the city's efforts to position itself as <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41577853/hong-kong-set-to-expand-digital-asset-exchange-licenses-amid-push-for-stablecoin-proposal">a digital asset hub</a>.
What Happened:The approvals come at a time when Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices have surged, recently surpassing the $100,000 milestone.
The newly licensed platforms—Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX and Thousand Whales Technology—were added to the Securities and Futures Commission&#8217;s (SFC) updated list of approved virtual asset trading platforms (VATPs) on Thursday.
The move reflects Hong Kong's ongoing commitment to strengthening its virtual asset regulatory framework while balancing investor protection and business development.
Eric Yip, SFC's executive director of intermediaries said, &#8220;We have been proactively engaging with VATPs' senior management and ultimate controllers, which helps drive home our expected regulatory standards and expedite our licensing process for VATPs," Yip said. "We aim to strike a balance between safeguarding the interests of investors and facilitating continuous development for the virtual asset ecosystem in Hong Kong."
The approval mandates the exchanges to meet strict conditions, including rectification measures and independent assessments such as vulnerability and penetration tests before they can fully operate.
These four exchanges join the ranks of previously licensed platforms OSL, HashKey and HKVAX, bringing the total number of approved exchanges to seven.
Out of nearly 30 companies that pursued VATP licenses this year, many withdrew under the regulator's stringent requirements, including major platforms such as OKX and HTX.
Thousand Whales Technology, the operator of crypto trading platform EX.IO, stands out with backing from Valuable Capital Group, a brokerage under Sina Corporation—the company behind Weibo, one of China's leading social media platforms.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42556544/doge-meme-ip-owner-acquires-new-rights-as-fartcoin-continues-to-surge">Doge Meme IP Owner Acquires New Rights As Fartcoin Continues To Surge</a>
Why It Matters: While Hong Kong has been making strides in crypto regulation, the journey has not been without challenges.
In April, the city allowed crypto exchange-traded funds (ETFs), a milestone that initially gave it a competitive edge. 
However, the U.S. quickly followed with similar ETFs that outpaced Hong Kong's in scale and market impact.
Regulating over-the-counter (OTC) virtual asset trading has also proven complex. 
Initially, Hong Kong's Customs and Excise Department was set to oversee OTC services, but industry feedback prompted the SFC to take a more active role in supervision.
The city is also progressing with stablecoin regulation. 
A new bill introduced into the Legislative Council mandates that firms must obtain licenses from the Hong Kong Monetary Authority before issuing fiat-referenced stablecoins or tokens pegged to the Hong Kong dollar.
The approval shows the city's commitment to building a regulated and competitive environment that supports both innovation and investor confidence.
Eric Chen, CEO and co-founder of Injective Labs said in a note to Benzinga that &#8220;by expanding the number of licensed platforms, Hong Kong is positioning itself as a key hub for bridging traditional finance and blockchain technology. It's a clear sign that the city is serious about fostering growth in the crypto space while maintaining strong regulatory standards.&#8221;
According to Chen, Hong Kong's approval of more cryptocurrency exchanges signals a broader trend toward regulatory maturity and the <a href="https://www.benzinga.com/24/12/42516240/the-doors-have-been-blown-off-how-bitcoin-etfs-are-reshaping-investment-strategies">legitimization of digital assets</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42556138/bitcoin-bulls-should-stay-the-course-ahead-of-federal-reserve-meeting-says-qcp-capital">Bitcoin Bulls Should &#8216;Stay The Course&#8217; Ahead Of Federal Reserve Meeting, Says QCP Capital</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Hong Kong Approves Four New Crypto Exchanges, 'Positioning Itself As A Key Hub,' Expert Says

Cloud-based private company Databricks isn't in a <a href="https://www.benzinga.com/topic/ipo">rush to go public</a>.
What Happened: While the San Francisco-based company is experiencing growth and was recently valued at $62 billion, 2024 wasn&#8217;t the year to file an initial public offering, Databricks CEO and co-founder Ali Ghodsi said at the recent <a href="https://www.axios.com/2024/12/10/watch-axios-event-ai-sf-summit-2024">Axios </a>AI Summit.
"This year was an election year. We wanted to get some stability — people are worried about interest rates, inflation,&#8221; he said, as reported by <a href="https://techcrunch.com/2024/12/17/its-dumb-to-ipo-this-year-databricks-ceo-explains-why-hes-waiting-to-go-public/">TechCrunch</a>. &#8220;So we said &#8216;Look, it's dumb to IPO this year,&#8217; so we're definitely going to wait.&#8221;
Ghodsi said the recent Series J round allowed some early employees the ability to cash out. The funding round, which was large at $10 billion, could have been larger based on demand, according to Ghodsi.
"I saw this Excel sheet where they kept a tally of all the people that want to invest. It was $19 billion of interest, and I almost fell off the chair,&#8221; he said. 
The original goal was to raise $3 billion to $4 billion, before the company pushed the funding amount higher.
While Databricks didn't choose the IPO route in 2024, the company could be one of many to go public next year.
"The earliest theoretical possibility of an IPO would be next year,&#8221; Ghodsi said, noting that the IPO could also push out to 2026 instead. It's less important to go public now than in past years, he explained.
Ghodsi also recognizes that high interest in artificial intelligence companies and ballooning valuations could signal a potential bubble for the sector.
"I mean, it's peak AI bubble. It doesn't take a genius to know that a company with five people which has no product, no innovation, no IP — just recent grads — (is not) worth hundreds of millions, sometimes billions."
Billion-dollar valuations on AI startups that have no product signal a bubble, Ghodsi added.
Check This Out: 
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent121824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: A potential IPO of Databricks could come with high investor interest thanks to its high growth and <a href="https://www.benzinga.com/news/24/06/39305440/ai-startup-which-counts-nancy-pelosi-cathie-wood-and-nvidia-among-its-investors-forecasts-2-4b-annua">popular backers</a>, including Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), U.S. Rep. Nancy Pelosi (D-Calif.) and Cathie Wood.
Pelosi and her venture capitalist husband Paul Pelosi took a $1 million to $5 million stake in the company according to a filing from the former Speaker earlier this year.
Pelosi represents District 11 of California in the U.S. House of Representatives. The region includes San Francisco, where Databricks is based.
Wood and Ark Invest own a stake in the company through the Ark Venture Fund (ARKVX), which <a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25420755/ark-funds-launching-new-fund-that-could-invest-in-private-companies" target="_blank" rel="noreferrer noopener">launched in 2022</a> and gives investors access to private companies. Databricks is the tenth largest <a href="https://www.ark-funds.com/funds/arkvx#hold">holding </a>in the fund as of Nov. 30, representing 3.6% of assets.
Nvidia has been an investor and partner in the company for several years. Companies that have gone public via SPAC merger or IPO, and later disclose Nvidia as an investor, have <a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake">seen shares rise</a> with increased investor interest.
Databricks&nbsp;<a href="https://www.databricks.com/company/newsroom/press-releases/databricks-raises-series-i-investment-43b-valuation#:~:text=San%20Francisco%2C%20CA%20%E2%80%94%20September%2014,price%20per%20share%20at%20%2473.50." target="_blank" rel="noreferrer noopener">raised&nbsp;</a>$500 million in funding in September 2023 with the company valued at $43 billion.&nbsp;T. Rowe Price Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) led the investment round.
Other investors in the <a href="https://www.benzinga.com/startups/23/10/35065151/databricks-valuation-skyrockets-to-43-billion-techs-new-powerhouse-backed-by-nvidia-and-capital-one">September funding round</a> included Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, Fidelity Management, Franklin Templeton, Counterpoint Global, Ontario Teachers&#8217; Pension Plan and Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).
Databricks competes with Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), which went public at $120 per share in 2020. The company saw shares open at $245 due to huge demand. Snowflake stock is down 11% year-to-date.
Ghodsi hinted that Databricks is focusing on its rivalry with Snowflake to gain new business.
"We had a program called ‘SnowMelt.' We were going after Snowflake and we demonized them, but that's behind us," Ghodsi said at the Axios event. Databricks is also working on competing with larger companies like Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) according to the report.
Data and AI will be more important in people's lives going forward and Databricks is well-positioned to take advantage of this trend, Ghodsi predicts.
The company expects to hit positive free cash flow for the first time and have a $3 billion revenue run rate for the fiscal year ending Jan. 31.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42538504/biden-endorses-ban-of-congressional-stock-trading-nobody-in-the-congress-should-be-able-to-make-money-in-the-stock-market-while-in-office">Biden Backs Congressional Stock Trading Ban: &#8216;Inside Track&#8217; To Wealth</a></li>
</ul>
Image: Shutterstock

Politics

IPOs

Tech

MSFT

NVDA

SNOW

TROW

Nancy Pelosi, Cathie Wood, Nvidia-Backed Databricks Waits To Go Public: 'Dumb To IPO' In Election Year

BofA Securities analyst Justin Post upgraded Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) to Buy from Neutral and raised the <a target="_blank" href="https://www.benzinga.com/quote/EXPE/analyst-ratings" rel="noreferrer noopener">price target to $221 from $187</a>.
The analyst says that U.S. bookings, reported OTA nights, and RevPAR data had been trending at low single digits in 2024, but he is seeing early signs of modest improvement, which may indicate a normalization in domestic leisure travel spending into 2025.
While Expedia faced sentiment challenges due to soft B2C nights growth and revenues (-1% in the third-quarter of 2024) compared to peers, the analyst notes trends can improve in 2025 due to easier comps and better positioning at VRBO and Hotels.com.
Post says that he is more confident that Expedia can meet Street expectations for 10% EBITDA growth in 2025, supported by improving U.S. consumer sentiment post-election and a growing contribution from advertising, which rose 32% in the third-quarter 2024 and could account for 3 points of EBITDA growth next year.
Lastly, long-only sentiment remains cautious on Expedia, but a new management team with stronger execution could reignite investor interest and support multiple expansion, adds the analyst.
Investors can gain exposure to the stock via&nbsp;Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action: EXPE shares are up 2.73% at $185.58 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42274747/consumers-discretionary-outshines-sp-500-ahead-of-the-holidays-tesla-garmin-tapestry-lead-the-charge" target="_blank" rel="noreferrer noopener">Holiday Momentum Pushes Retail, Leisure Stocks Past S&amp;P 500 – Tesla, Garmin, Tapestry Stand Out</a></li>
</ul>
Photo: II.studio/Shutterstock.com.

Upgrades

Price Target

AWAY

EXPE

PowerShares ETF Leisure & Entertainment Port

Expedia's Turning Point? BofA Sees Upside With VRBO Gains And Post-Election Boost

Macro Economic Events

Economics

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Boeing shares are trading higher after the company reportedly restarted 767 and 777 production.

CTNT

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Nukkleus Shares Halted On Circuit Breaker To The Upside, Stock Now Up 230.3%

PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) is pleased to announce the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN's proprietary technology platform, Hollywood Casino offers more than 700 iCasino games, a variety of daily promotions, and exciting jackpots.

PENN

PENN Entertainment Launches New Hollywood Casino App In Pennsylvania

SPDR Dow Jones Industrial Average ETF Trust

Major indexes are higher ahead of the Fed's decision today. The Dow is also rebounding following recent weakness.

Shares of pharmacy benefit managers and insurance stocks are trading higher. The sector may be rebounding after falling on recent comments from President-elect Trump criticizing the space.

High-rolling investors have positioned themselves bearish on Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</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 RIVN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Rivian Automotive. This is not a typical pattern.
The sentiment among these major traders is split, with 45% bullish and 54% bearish. Among all the options we identified, there was one put, amounting to $44,850, and 10 calls, totaling $707,653.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $20.0 for Rivian Automotive over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rivian Automotive's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Rivian Automotive's significant trades, within a strike price range of $10.0 to $20.0, over the past month.
<h3>Rivian Automotive Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734544869_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.04</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$18.00</td>
<td>$283.5K</td>
<td>19.0K</td>
<td>2</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.4</td>
<td>$0.38</td>
<td>$0.39</td>
<td>$14.50</td>
<td>$121.3K</td>
<td>4.2K</td>
<td>3.4K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.37</td>
<td>$0.29</td>
<td>$0.29</td>
<td>$20.00</td>
<td>$64.8K</td>
<td>34.6K</td>
<td>20</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.9</td>
<td>$17.00</td>
<td>$44.8K</td>
<td>403</td>
<td>145</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$4.45</td>
<td>$4.45</td>
<td>$4.45</td>
<td>$12.50</td>
<td>$44.5K</td>
<td>7.2K</td>
<td>158</td>
</tr>
</tbody>
</table>

<h3>About Rivian Automotive</h3>
Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
After a thorough review of the options trading surrounding Rivian Automotive, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Rivian Automotive</h3>
<ul>
<li>With a volume of 22,259,019, the price of RIVN is down -3.91% at $14.12. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 63 days.</li>
</ul>
<h3>Expert Opinions on Rivian Automotive</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $16.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $16. 
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 Rivian Automotive with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

RIVN

Market Whales and Their Recent Bets on RIVN Options

Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) revealed 13 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $147,774, and 11 were calls, valued at $506,623.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $210.0 for Oracle over the last 3 months. 
<h3>Analyzing 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 Oracle'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 Oracle's whale activity within a strike price range from $150.0 to $210.0 in the last 30 days. 
<h3>Oracle Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734544864_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$40.2</td>
<td>$38.8</td>
<td>$40.07</td>
<td>$210.00</td>
<td>$120.2K</td>
<td align="right">30</td>
<td align="right">30</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$41.65</td>
<td>$41.25</td>
<td>$41.65</td>
<td>$160.00</td>
<td>$91.6K</td>
<td align="right">52</td>
<td align="right">31</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/10/25</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$170.00</td>
<td>$68.8K</td>
<td align="right">471</td>
<td align="right">174</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/10/25</td>
<td>$2.48</td>
<td>$2.35</td>
<td>$2.49</td>
<td>$175.00</td>
<td>$59.5K</td>
<td align="right">478</td>
<td align="right">265</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$17.0</td>
<td>$15.45</td>
<td>$17.0</td>
<td>$180.00</td>
<td>$51.0K</td>
<td align="right">342</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Oracle</h3>
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has more than 400,000 customers in 175 countries.
<h3>Present Market Standing of Oracle</h3>
<ul>
<li>Trading volume stands at 2,422,985, with ORCL's price up by 0.57%, positioned at $170.68.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 82 days.</li>
</ul>
<h3>Professional Analyst Ratings for Oracle</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $193.8.
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 RBC Capital downgraded its action to Sector Perform with a price target of $165. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Oracle, which currently sits at a price target of $200. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Oracle with a target price of $205. 
&#x2A; In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $205. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on Oracle, maintaining a target price of $194. 
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 Oracle with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ORCL

Oracle Options Trading: A Deep Dive into Market Sentiment

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
XPeng (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) stock is getting a boost on Monday after the electric vehicle (EV) company <a href="https://finance.yahoo.com/news/master-agreement-e-e-architecture-003000639.html">announced an expansion to its relationship</a> with Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>).



XPeng and Volkswagen have reached a master agreement for their work together on electrical/electronic architecture (E/E Architecture). This will have them developing E/E Architecture locally-produced vehicles based on Volkswagen&rsquo;s China Main Platform (<a href="https://investorplace.com/stock-quotes/cmp-stock-quote/">CMP</a>) and Modular Electric Drive Matrix (MEB) platform.



This has them setting up Project House in Guangzhou and Hefei which will allow their engineers to work together on development. The two have also noted that this master agreement could allow for further collaborations between them.



Volkswagen&rsquo;s Ralf Brandst&auml;tter said the following about the agreement.




&ldquo;The rapid progress in the close cooperation between the Volkswagen Group and XPENG underlines the great potential of this partnership. With the joint development of a highly modern E/E Architecture, in which both partners contribute their technological expertise, we are now taking the next step together. For us at Volkswagen, this project is also the next milestone in the consistent implementation of our &lsquo;in China for China&rsquo; strategy.&rdquo;




<h2>How This Affects XPEV Stock Today</h2>



News of the expanding collaboration between XPeng and Volkswagen has XPEV stock rising 6.6% higher as of Monday morning. That comes with roughly 5.2 million shares of XPEV changing hands. This is still below the company&rsquo;s daily average trading volume of about 13.2 million shares.



Investors will want to stick around for more of the most recent stock market news today!



We have all of the hottest stock market happenings investors need to know about on Monday! A few examples include what&rsquo;s going on with shares of Richtech Robotics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rr-stock-quote/">RR</a>), Tilray Brands&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tlry-stock-quote/">TLRY</a>) and Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) stock today. All of this info is ready to go at the links below!



<h2>More Stock Market News on Monday</h2>



<ul><li><a href="https://investorplace.com/2024/07/why-is-richtech-robotics-rr-stock-up-40-today/">Why Is Richtech Robotics (RR) Stock Up 40% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/tilray-stock-pops-as-germany-grants-it-a-cultivation-green-light-tlry-stock/">Tilray Stock Pops as Germany Grants It a Cultivation Green Light</a></li>



<li><a href="https://investorplace.com/2024/07/donald-trump-says-he-loves-elon-musk-tsla-stock-is-now-climbing-higher/">Donald Trump Says He Loves Elon Musk. Tesla Stock Is Now Climbing Higher</a></li>
</ul>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>.
<h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/07/xpev-stock-alert-xpeng-expands-ev-relationship-with-volkswagen/">XPEV Stock Alert: XPeng Expands EV Relationship with Volkswagen</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

XPEV Stock Alert: XPeng Expands EV Relationship with Volkswagen

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Castellum (NYSEMKT:<a href="https://investorplace.com/stock-quotes/ctm-stock-quote/">CTM</a>) stock is taking off on Monday after the cybersecurity company <a href="https://finance.yahoo.com/news/castellum-inc-announces-strategic-alliance-104500862.html">announced a strategic alliance</a> with Krilla Kaleiwahea.



Castellum is a long-time partner of the U.S. government working alongside the Department of Defense (DOD). With this alliance, it can work with Krilla Kaleiwahea, which offers its eligibility status as a Native Hawaiian government contractor.



The result of these two working together is contracts of up to $100 million. Castellum will also benefit from the experience of Krilla Kaleiwahea leadership team as they work on federal government projects.



Glen Ives, president and CEO of Castellum, said the following about the strategic alliance.




&ldquo;We are very pleased to announce this important alliance with K2/ Our combined capabilities and K2&rsquo;s Native Hawaiian status will enable us to jointly go after a broad array of government contracts across the DOD and civilian federal government. We are ecstatic to work with Jeffrey Krilla, Peter Krilla, and the K2 team.&rdquo;




<h2>CTM Stock Movement on Monday</h2>



Castellum stock is volatile on Monday following its strategic alliance announcement. This saw the company&rsquo;s shares taking off 40% higher during pre-market trading. However, the stock switched to a downward trend after the opening bell.



This has CTM stock down 4.7% as of Monday morning. That comes with more than 53 million shares traded. For the record, the company&rsquo;s daily average trading volume is about 137,000 shares. Its float is also <a href="https://finance.yahoo.com/quote/CTM/key-statistics/">22.52 million units</a>.



Investors seeking more of the most recent stock market stories are in luck!



We have all of the hottest stock market news traders need to know about on Monday! That includes everything happening with shares of XPeng&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>), Richtech Robotics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rr-stock-quote/">RR</a>) and Tilray Brands&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tlry-stock-quote/">TLRY</a>) stock. You can get into all of that news below!



<h2>More Monday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/07/xpev-stock-alert-xpeng-expands-ev-relationship-with-volkswagen/">XPEV Stock Alert: XPeng Expands EV Relationship with Volkswagen</a></li>



<li><a href="https://investorplace.com/2024/07/why-is-richtech-robotics-rr-stock-up-40-today/">Why Is Richtech Robotics (RR) Stock Up 40% Today?</a></li>



<li><a href="https://investorplace.com/2024/07/tilray-stock-pops-as-germany-grants-it-a-cultivation-green-light-tlry-stock/">Tilray Stock Pops as Germany Grants It a Cultivation Green Light</a></li>
</ul>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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					</li>
									</ul><div>
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					</div>
	The post <a href="https://investorplace.com/2024/07/why-is-castellum-ctm-stock-moving-today/">Why Is Castellum (CTM) Stock Moving Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Castellum (CTM) Stock Moving Today?

Richtech Robotics Gains And Loses, But Looks Much Stronger

Richtech Robotics: The Serve Robotics Sympathy Play With Superior Financials

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic on Wednesday and we have all of the latest news traders need to know about them this morning!



Earnings reports, an acquisition deal and more are behind today&rsquo;s biggest stock market movements.



Let&rsquo;s get into that news below!



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



<ol><li>Zhongchao (NASDAQ:<a href="https://investorplace.com/stock-quotes/zcmd-stock-quote/">ZCMD</a>) stock is rocketing 78% higher alongside heavy pre-market trading.</li>



<li>G1 Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/gthx-stock-quote/">GTHX</a>) shares are soaring more than 65% on <a href="https://finance.yahoo.com/news/pharmacosmos-group-acquire-g1-therapeutics-102900391.html">an acquisition deal</a>.</li>



<li>Richtech Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/rr-stock-quote/">RR</a>) stock is surging over 48% with strong early morning trading.</li>



<li>AlphaVest Acquisition Corp &ndash; Right (NASDAQ:<a href="https://investorplace.com/stock-quotes/atmvr-stock-quote/">ATMVR</a>) shares are gaining more than 46% this morning.</li>



<li>Inogen (NASDAQ:<a href="https://investorplace.com/stock-quotes/ingn-stock-quote/">INGN</a>) stock is increasing over 31% with its <a href="https://www.nasdaq.com/press-release/inogen-announces-second-quarter-2024-financial-results-2024-08-06">Q2 earnings report</a>.</li>



<li>Upstart (NASDAQ:<a href="https://investorplace.com/stock-quotes/upst-stock-quote/">UPST</a>) shares are rising more than 25% after <a href="https://finance.yahoo.com/news/upstart-holdings-inc-upst-reports-221010260.html">reporting a Q2 revenue beat</a>.</li>



<li>Lumen Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/lumn-stock-quote/">LUMN</a>) stock is heading over 24% higher <a href="https://www.fool.com/earnings/call-transcripts/2024/08/06/lumen-technologies-lumn-q2-2024-earnings-call-tran/">with its latest earnings</a>.</li>



<li>Veracyte (NASDAQ:<a href="https://investorplace.com/stock-quotes/vcyt-stock-quote/">VCYT</a>) shares are climbing close to 22% after <a href="https://www.nasdaq.com/press-release/veracyte-announces-second-quarter-2024-financial-results-2024-08-06">announcing its Q2 results</a>.</li>



<li>Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSEARCA:<a href="https://investorplace.com/stock-quotes/evav-stock-quote/">EVAV</a>) are jumping more than 19% this morning.</li>



<li>Shopify (NYSE:<a href="https://investorplace.com/stock-quotes/shop-stock-quote/">SHOP</a>) stock is up 18% on <a href="https://za.investing.com/news/stock-market-news/shopify-stock-soars-on-solid-q2-report-issues-q3-guidance-432SI-3275444">solid Q2 earnings results</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Scorpius (NYSEMKT:<a href="https://investorplace.com/stock-quotes/scpx-stock-quote/">SCPX</a>) shares are crashing over 79% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318500722&amp;type=PDF&amp;symbol=SCPX&amp;cdn=70e2821112bdd2f31adb78fe13cd4e38&amp;companyName=Scorpius+Holdings+Inc.&amp;formType=FWP&amp;formDescription=Filing+under+Securities+Act+Rules+163%2F433+of+free+writing+prospectuses&amp;dateFiled=2024-08-07">proposed public offering</a>.</li>



<li>Talis Biomedical (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlis-stock-quote/">TLIS</a>) stock is plummeting more than 47% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318499549&amp;type=PDF&amp;symbol=TLIS&amp;cdn=2a3bd0b3e041ab6a71139ad061fc0a12&amp;companyName=Talis+Biomedical+Corporation&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-08-06">on restructuring updates</a>.</li>



<li>DZS (NASDAQ:<a href="https://investorplace.com/stock-quotes/dzsi-stock-quote/">DZSI</a>) shares are diving over 45% as it <a href="https://www.nasdaq.com/press-release/dzs-receives-expected-delisting-notice-nasdaq-2024-08-06">prepares for a delisting notice</a>.</li>



<li>Stem (NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) stock is tumbling 38% <a href="https://finance.yahoo.com/news/stem-inc-stem-reports-q2-221513320.html">on Q2 misses</a>.</li>



<li>Nevro (NYSE:<a href="https://investorplace.com/stock-quotes/nvro-stock-quote/">NVRO</a>) shares are taking a more than 37% beating after <a href="https://www.marketwatch.com/story/nevro-shares-fall-21-cuts-2024-revenue-outlook-75cf8aa9?mod=newsviewer_click">cutting its revenue outlook</a>.</li>



<li>Emergent BioSolutions (NYSE:<a href="https://investorplace.com/stock-quotes/ebs-stock-quote/">EBS</a>) stock is sliding over 35% <a href="https://www.stocktitan.net/news/EBS/emergent-bio-solutions-reports-second-quarter-2024-financial-h8fhmjurwquo.html">alongside its Q2 results</a>.</li>



<li>VBI Vaccines (NASDAQ:<a href="https://investorplace.com/stock-quotes/vbiv-stock-quote/">VBIV</a>) shares are dropping more than 34% <a href="https://investorplace.com/2024/08/why-is-vbi-vaccines-vbiv-stock-up-62-today/">after a rally yesterday</a>.</li>



<li>Expion360 (NASDAQ:<a href="https://investorplace.com/stock-quotes/xpon-stock-quote/">XPON</a>) stock is decreasing over 28% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318500633&amp;type=PDF&amp;symbol=XPON&amp;cdn=cc4a67ceca06cec716b8eaa852fb2069&amp;companyName=Expion360+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-08-06">with a public offering</a>.</li>



<li>Evotec (NASDAQ:<a href="https://investorplace.com/stock-quotes/evo-stock-quote/">EVO</a>) shares are falling more than 22% <a href="https://www.investing.com/news/stock-market-news/evotec-shares-crash-36-on-profit-warning-3558654">on a profit warning</a>.</li>



<li>CryoPort (NASDAQ:<a href="https://investorplace.com/stock-quotes/cyrx-stock-quote/">CYRX</a>) stock closes out our pre-market stock movers down over 20% after <a href="https://finance.yahoo.com/news/cryoport-inc-cyrx-reports-q2-230011376.html">missing Q2 estimates</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>.
<h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/2024/08/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-aug-7th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Richtech Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/rr-stock-quote/">RR</a>) stock is rocketing higher on Wednesday despite a lack of news concerning the robot maker.



There are no press releases or filings with the Securities and Exchange Commission (SEC) that explain why RR stock is rising today. The same also holds true for analyst coverage of the shares.



However, investors will note that RR stock is seeing heavy trading on Wednesday. This has more than 138 million shares of the stock changing hands as of this writing. That&rsquo;s well above its daily average trading volume of roughly 4.1 million shares. It&rsquo;s float is <a href="https://finance.yahoo.com/quote/RR/key-statistics/">only 13.71 million units</a>.



One thing worth keeping in mind is Richtech Robotics&rsquo; status as a penny stock company. That comes from its prior closing price of 37 cents and its market capitalization of $39.047 million.



<h2>What That Means for RR Stock</h2>



Being a penny stock comes with certain vulnerabilities. That includes extra susceptibility to volatility. This can result in wild swings in the price of the company&rsquo;s shares.



As for what&rsquo;s behind it, it could be a couple of things. This movement could be speculative traders buying up shares of RR stock while they are cheap. It may also be an attempt by retail and day traders to pump and dump the company&rsquo;s shares.



No matter the case, investors will want to be careful about investing in RR stock right now. While the shares are up, there&rsquo;s no telling how long they will remain that way without any news to support the rally.



RR stock is up 54.2% as of Wednesday morning.



Investors will want to keep an eye out for more of the most recent stock market news below!



We have all of the latest stock market happenings that traders need to know about on Wednesday! Among that is what has shares of Upstart&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/upst-stock-quote/">UPST</a>), Airbnb&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/">ABNB</a>) and Super Micro Computer&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) stock on the move today. All of this info is ready to go at the links below!



<h2>More Stock Market News for Wednesday</h2>



<ul><li><a href="https://investorplace.com/2024/08/upst-stock-why-investors-are-jumping-into-upstart-today/">UPST Stock: Why Investors Are Jumping Into Upstart Today</a></li>



<li><a href="https://investorplace.com/2024/08/abnb-stock-down-14-after-airbnb-q2-results-disappoint/">ABNB Stock Down 14% After Airbnb Q2 Results Disappoint</a></li>



<li><a href="https://investorplace.com/2024/08/smci-stock-split-alert-is-super-micro-a-buy-on-the-10-for-1-split-news/">SMCI Stock Split Alert: Is Super Micro a Buy on the 10-for-1 Split News?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



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>.
<h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/2024/08/rr-stock-alert-why-is-richtech-robotics-up-54-today/">RR Stock Alert: Why Is Richtech Robotics Up 54% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RR Stock Alert: Why Is Richtech Robotics Up 54% Today?

Richtech Robotics prices upsized $21M securities offering

Richtech Robotics signs distribution agreement with Sproutmation

Richtech Robotics expands agreement to manage 20 additional Walmart-located restaurants

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Press Releases

Richtech Robotics Celebrates Completion of Installation of ADAM at Ghost Kitchens inside Dawsonville, GA Walmart

First Humanoid Bartender to Join the MLB Serves Cocktails at 2024 All-Star Game

BestGrowthStocks.Com Issues a Comprehensive Analysis of Richtech Robotics

Richtech Robotics Announces ADAM Installation at One Kitchen in Rockford, IL Walmart, Marking First Humanoid Drink Robot in the State

Richtech Robotics Announces Pricing of Upsized $21 Million Public Offering

Richtech Robotics Announces Closing of $21 Million Public Offering

Richtech Robotics Introduces Scorpion, an AI-Powered Single-Arm Beverage Service Robot, and Announces Distribution Partnership for 500 Robots Over Five Years

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