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Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">on the horizon.</a>
What Happened: Data from Shibburn shows Shiba Inu&#8217;s burn rate increasing by 3,674%in the past 24 hours. 53 million SHIB were burned, including 28.8 million and 14.7 million SHIB in two separate transactions. 
Trader World Of Charts foresees a strong 150-200% upward push for Shiba Inu if the token can sustain its breakout.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24Shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Shib</a> <a href="https://twitter.com/hashtag/Shib?src=hash&amp;ref_src=twsrc%5Etfw">#Shib</a> Bullish Pennant Consolidation Under Descending Broadening Wedge Crucial Trendline Shib On Verge Of Massive Breakout After Successful Breakout Can Give 150-200% Bullish Wave Easily <a href="https://t.co/HJJCc49lz5">https://t.co/HJJCc49lz5</a> <a href="https://t.co/MkAMDyXoo2">pic.twitter.com/MkAMDyXoo2</a>
&mdash; World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1853845335023517792?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41764861/shytoshi-kusama-promotes-s-h-i-b-as-elon-musk-touts-d-o-g-e-shiba-inu-rallies-10-amid-broa">Shytoshi Kusama Promotes S.H.I.B As Elon Musk Touts D.O.G.E — Shiba Inu Rallies 10% Amid Broader Crypto Gains</a>
Why It Matters: Increasing burn rates are seen as a deflationary tactic that could raise SHIB's value. IntoTheBlock data shows large transaction volume surged by 45.8% while daily active addresses dropped by 9%. Transactions greater than $100,000 are up from 586 to 945 in a single day. &nbsp;
After Donald Trump winning the presidential election, Bitcoin and altcoins rallied, with Bitcoin hitting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now">new all-time high in the process.</a>
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41742140/dogecoin-killer-shiba-inu-up-3-what-is-going-on">&#8216;Dogecoin Killer&#8217; Shiba Inu Up 3%: What Is Going On?</a></li>
</ul>
Image: Shutterstock

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$SHIB

'Dogecoin Killer' Shiba Inu Burn Rate Soars 3,674%: What Is Going On?

Jefferies analyst Brandon Couillard maintains Exact Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) with a Buy and raises the price target from $84 to $85.

Price Target

Analyst Ratings

EXAS

Jefferies Maintains Buy on Exact Sciences, Raises Price Target to $85

Deep-pocketed investors have adopted a bullish approach towards Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in POWL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Powell Industries. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 26% bearish. Among these notable options, 5 are puts, totaling $259,148, and 10 are calls, amounting to $390,601.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $175.0 to $370.0 for Powell Industries during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Powell Industries'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 Powell Industries's whale trades within a strike price range from $175.0 to $370.0 in the last 30 days. 
<h3>Powell Industries 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730917846_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>POWL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$23.9</td>
<td>$20.0</td>
<td>$22.0</td>
<td>$350.00</td>
<td>$88.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>POWL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$21.5</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$370.00</td>
<td>$75.5K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>POWL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$39.0</td>
<td>$35.2</td>
<td>$37.0</td>
<td>$300.00</td>
<td>$66.6K</td>
<td style="text-align: right;">159</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>POWL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.8</td>
<td>$4.7</td>
<td>$5.5</td>
<td>$300.00</td>
<td>$55.0K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>POWL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$46.8</td>
<td>$42.4</td>
<td>$45.18</td>
<td>$290.00</td>
<td>$45.1K</td>
<td style="text-align: right;">189</td>
<td style="text-align: right;">23</td>
</tr>
</tbody>
</table>

<h3>About Powell Industries</h3>
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
<h3>Powell Industries's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 395,587, the POWL's price is up by 10.39%, now at $324.99. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
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>.
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 Powell Industries with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

POWL

Powell Industries Options Trading: A Deep Dive into Market Sentiment

High-rolling investors have positioned themselves bearish on Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</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 GPC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Genuine Parts. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $27,750, and 7 calls, totaling $438,927.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $125.0 for Genuine Parts over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Genuine Parts stands at 6112.25, with a total volume reaching 1,910.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Genuine Parts, situated within the strike price corridor from $115.0 to $125.0, throughout the last 30 days.
<h3>Genuine Parts Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730917841_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.2</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$120.00</td>
<td>$105.0K</td>
<td>21.7K</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.5</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$120.00</td>
<td>$92.4K</td>
<td>21.7K</td>
<td style="text-align: right;">695</td>
</tr>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.3</td>
<td>$6.8</td>
<td>$6.8</td>
<td>$115.00</td>
<td>$90.4K</td>
<td>1.5K</td>
<td style="text-align: right;">205</td>
</tr>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.2</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$115.00</td>
<td>$44.8K</td>
<td>1.5K</td>
<td style="text-align: right;">272</td>
</tr>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.8</td>
<td>$7.5</td>
<td>$7.5</td>
<td>$115.00</td>
<td>$37.5K</td>
<td>1.5K</td>
<td style="text-align: right;">322</td>
</tr>
</tbody>
</table>

<h3>About Genuine Parts</h3>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of end market sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.
After a thorough review of the options trading surrounding Genuine Parts, 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 Genuine Parts</h3>
<ul>
<li>With a trading volume of 941,916, the price of GPC is up by 2.19%, reaching $119.15.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 99 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Genuine Parts</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $133.8.
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; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Genuine Parts, targeting a price of $160. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Genuine Parts, targeting a price of $125. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Genuine Parts, targeting a price of $135. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Genuine Parts, maintaining a target price of $129. 
&#x2A; Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Genuine Parts, targeting a price of $120. 
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 Genuine Parts with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Spotlight on Genuine Parts: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 73 uncommon options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 39%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,183,387, and 57 are calls, for a total amount of $3,274,366.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $290.0 to $740.0 for Goldman Sachs Gr during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Goldman Sachs Gr stands at 411.14, with a total volume reaching 7,163.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Goldman Sachs Gr, situated within the strike price corridor from $290.0 to $740.0, throughout the last 30 days.
<h3>Goldman Sachs Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730917836_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$24.35</td>
<td>$24.15</td>
<td>$24.15</td>
<td>$560.00</td>
<td>$210.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">92</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.5</td>
<td>$21.25</td>
<td>$21.25</td>
<td>$580.00</td>
<td>$170.0K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$59.5</td>
<td>$58.65</td>
<td>$59.5</td>
<td>$580.00</td>
<td>$119.0K</td>
<td style="text-align: right;">63</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$43.15</td>
<td>$41.5</td>
<td>$43.15</td>
<td>$560.00</td>
<td>$99.2K</td>
<td style="text-align: right;">745</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$44.15</td>
<td>$42.85</td>
<td>$43.15</td>
<td>$560.00</td>
<td>$81.9K</td>
<td style="text-align: right;">745</td>
<td style="text-align: right;">85</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.
<h3>Current Position of Goldman Sachs Gr</h3>
<ul>
<li>With a trading volume of 4,281,634, the price of GS is up by 12.16%, reaching $591.03.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
<h3>What The Experts Say On Goldman Sachs Gr</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $570.8.
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 B of A Securities has decided to maintain their Buy rating on Goldman Sachs Gr, which currently sits at a price target of $575. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $575. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $520. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $614. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Goldman Sachs Gr with a target price of $570. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Goldman Sachs Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Goldman Sachs Gr Unusual Options Activity

Gildan Activewear (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIL#NYSE">GIL</a>) has outperformed the market over the past 20 years by 5.31% on an annualized basis producing an average annual return of 13.65%. Currently, Gildan Activewear has a market capitalization of $7.80 billion. 
Buying $100 In GIL: If an investor had bought $100 of GIL stock 20 years ago, it would be worth $1,294.40 today based on a price of $50.53 for GIL at the time of writing.
<h3>Gildan Activewear's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730917835_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

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,300 Today

Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) has outperformed the market over the past 20 years by 3.95% on an annualized basis producing an average annual return of 12.29%. Currently, Gilead Sciences has a market capitalization of $113.57 billion. 
Buying $1000 In GILD: If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $9,878.72 today based on a price of $91.22 for GILD at the time of writing.
<h3>Gilead Sciences's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730917830_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.

GILD

Here's How Much $1000 Invested In Gilead Sciences 20 Years Ago Would Be Worth Today

Jefferies analyst Blayne Curtis maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and lowers the price target from $100 to $90.

MCHP

Jefferies Maintains Buy on Microchip Technology, Lowers Price Target to $90

Jefferies analyst Joseph Gallo maintains Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Hold and raises the price target from $135 to $155.

QLYS

Jefferies Maintains Hold on Qualys, Raises Price Target to $155

DA Davidson analyst Kurt Yinger maintains Builders FirstSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) with a Neutral and raises the price target from $169 to $175.

BLDR

DA Davidson Maintains Neutral on Builders FirstSource, Raises Price Target to $175

Marathon Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) shares are trading higher on Wednesday. Scotiabank analyst Paul. Y. Cheng, with a Sector Outperform rating and a $170 price target, shared views on third-quarter<a target="_blank" href="https://www.benzinga.com/quote/MPC/analyst-ratings" rel="noreferrer noopener"> results reported yesterday</a>.
On Tuesday, Marathon Petroleum reported revenue of $35.4 billion, topping estimates. Adjusted EPS<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41744366/marathon-petroleum-q3-earnings-outpaces-expectations-powers-up-shareholder-rewards-more" rel="noreferrer noopener"> was $1.87 vs. $0.98 expected</a>.
Marathon Petroleum expects&nbsp;fourth-quarter Refining operating costs per barrel of&nbsp;$5.50 and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Refinery throughputs of 2,880 mbpd</a>.&nbsp;
The analyst expects results to positively impact near-term share price performance, with refining operations performing strongly. Throughput, unit cost, margin capture, and turnaround expenses all exceeded expectations.
Cheng notes robust commercial operations and efficient turnaround execution were key contributors to the beat.
This marks the second consecutive quarter of better-than-expected margin capture, which could renew the shares&#8217; momentum, adds the analyst.
However, Cheng says that the fourth-quarter outlook is weaker than anticipated, with throughput outlook below their previous estimate of 2,970 mbbl/d.
The Mid-Con region is expected to underperform relative to their expectations, adds the analyst.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) and&nbsp;VanEck Oil Refiners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRAK#NYSE">CRAK</a>).
Price Action: MPC shares are up 3.49% at $154.78 at the last check Wednesday.
Photo by Ground Picture on Shutterstock
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Analyst Color

Equities

Large Cap

Reiteration

CRAK

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4

William Blair analyst Andrew Nicholas downgrades Clarivate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) from Outperform to Market Perform.

Downgrades

CLVT

William Blair Downgrades Clarivate to Market Perform

DA Davidson analyst Brent Thielman maintains Knife River Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNF#NYSE">KNF</a>) with a Buy and raises the price target from $90 to $110.

DA Davidson Maintains Buy on Knife River Holding, Raises Price Target to $110

Offerings

SONN

Sonnet BioTherapeutics Prices $5M Public Offering At-The-Market Under Nasdaq Rules, Selling 1.11M Shares And Warrants For Additional 2.22M Shares At $4.50 Per Share

TD Securities analyst Sean Steuart maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Hold and raises the price target from $115 to $123.

TD Securities Maintains Hold on Louisiana-Pacific, Raises Price Target to $123

DA Davidson analyst Steven Chercover maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Buy and raises the price target from $110 to $125.

DA Davidson Maintains Buy on Louisiana-Pacific, Raises Price Target to $125

Pickering Energy Partners analyst David Smith upgrades Solaris Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEI#NYSE">SEI</a>) from Neutral to Outperform.

Upgrades

Pickering Energy Partners Upgrades Solaris Energy to Outperform

DA Davidson analyst Brent Thielman maintains Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) with a Buy and raises the price target from $60 to $85.

PRIM

DA Davidson Maintains Buy on Primoris Services, Raises Price Target to $85

Western Midstream's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) short percent of float has risen 18.89% since its last report. The company recently reported that it has 4.05 million shares sold short, which is 2.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.29 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>Western Midstream Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730916923_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Western Midstream 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 Western Midstream'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>, Western Midstream's peer group average for short interest as a percentage of float is 3.95%, 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

(WES) - Analyzing Western Midstream's Short Interest

Ciena's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) short percent of float has risen 3.56% since its last report. The company recently reported that it has 6.11 million shares sold short, which is 5.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.38 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>Ciena Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730916918_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ciena 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 Ciena'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>, Ciena's peer group average for short interest as a percentage of float is 6.87%, 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.

CIEN

How Is The Market Feeling About Ciena?

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EBIXQ

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Ebix Annuity Exchange Closes 2023 with Record Annual Volumes of $118 Billion

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Ebix Reports Conclusion of SEC Investigation and Dismissal of All Pending Securities Claims Against Ebix and its Officers in United States District Court for the Southern District of New York (SDNY)

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