La vendita allo scoperto per Volatility Premium Plus ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Volatility Premium Plus ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Volatility Premium Plus ETF (BATS:ZVOL), Report sulle vendite allo scoperto

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing its assets in futures contracts based on the Chicago Board Options Exchange, Incorporated (CBOE) Volatility Index (the VIX) (VIX Futures Contracts), that comprise the Index and other Financial Instruments (as defined below). The Fund will invest in VIX Futures Contracts via a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary). Under normal market conditions, the Subsidiarys portfolio will comprise short positions on fourth-, fifth-, sixth- and seventh-month VIX Futures Contracts that comprise the Index. The number and type of these contracts will naturally change day to day as the Fund takes a daily rolling short position in such contracts. In order to achieve investment results that correspond to the daily performance of the Index, the Fund will rebalance its portfolio on a daily basis. The rebalancing of the portfolio will not be affected by the performance of the Fund or the Index for any prior period. Financial Instruments are instruments whose value is derived from the value of an underlying asset, rate or benchmark and include futures contracts, options transactions, swap agreements and forward contracts. Volatility Shares LLC (the Adviser or Volatility Shares) serves as investment adviser to the Fund. The Funds investment sub-adviser is Penserra Capital Management LLC (the Sub-Adviser or Penserra). In seeking to achieve the Funds investment objective, the Sub-Adviser invests in a manner that is designed to correspond to the daily performance of the Index.

Volatility Premium Plus ETF

Truist Securities analyst Samuel Brodovsky maintains SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) with a Buy and raises the price target from $20 to $22.

News

Price Target

Analyst Ratings

SIBN

Truist Securities Maintains Buy on SI-BONE, Raises Price Target to $22

Truist Securities analyst Terry Tillman maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Hold and lowers the price target from $120 to $100.

SHOP

Truist Securities Maintains Hold on Shopify, Lowers Price Target to $100

WIIM

BHVN

CAPR

CRSP

MARA

NVAX

SLDB

SRPT

TSHA

XNCR

Shares of vaccine and gene therapy stocks are trading lower after FDA Commissioner Marty Makary reportedly named Vinay Prasad as director of the Center for Biologics and Research.

Truist Securities analyst Scot Ciccarelli maintains Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Buy and raises the price target from $391 to $393.

Truist Securities Maintains Buy on Home Depot, Raises Price Target to $393

<a href="https://news.bloomberglaw.com/health-law-and-business/fda-names-vinay-prasad-as-new-head-of-vaccines-biologics" title="https://news.bloomberglaw.com/health-law-and-business/fda-names-vinay-prasad-as-new-head-of-vaccines-biologics">https://news.bloomberglaw.com/health-law-and-business/fda-names-vinay-prasad-as-new-head-of-vaccines-biologics</a>

Biotech

General

DSGN

MRNA

PTCT

'FDA Names Vinay Prasad as New Head of Vaccines, Biologics'- Bloomberg Law

Truist Securities analyst Scot Ciccarelli maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Buy and raises the price target from $84 to $89.

DLTR

Truist Securities Maintains Buy on Dollar Tree, Raises Price Target to $89

Truist Securities analyst Scot Ciccarelli maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and lowers the price target from $111 to $107.

Truist Securities Maintains Buy on Walmart, Lowers Price Target to $107

Truist Securities analyst Scot Ciccarelli maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $3841 to $3995.

Truist Securities Maintains Buy on AutoZone, Raises Price Target to $3995

Despite broader crypto market sluggishness, XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has had a <a href="https://www.benzinga.com/etfs/new-etfs/25/04/45039498/sec-approves-proshares-xrp-futures-etfs-xrp-price-surges-ahead-of-launch">solid first quarter of the year</a>, according to a recent report.
What Happened: In its Q1 2025 XRP Markets <a href="https://ripple.com/insights/q1-2025-xrp-markets-report/">report</a>, Ripple provided key developments and market performance of XRP. 
The token rallied 50% in February, outperforming both Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which was flat, and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which trended lower.
XRP investment products saw $214 million in inflows year-to-date, just $1 million shy of Ethereum fund inflows globally, highlighting a surge in institutional interest.
Spot trading volume on top-tier exchanges averaged $3.2 billion daily, with XRP/BTC ratios climbing by over 10%. 
XRP briefly touched $3.40 before cooling off, while realized volatility ranged from 100% to 130%. 
Binance dominated trading volume with 40% market share, followed by Upbit (15%) and Coinbase (12%).
Despite this strong performance, on-chain activity slowed, with new wallets and transactions falling 30–40% quarter-over-quarter, mirroring the broader market cooldown.
Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45225026/bitcoin-ethereum-xrp-dogecoin-on-a-knifes-edge-ahead-of-wednesdays-federal-reserve-decision">Bitcoin, Ethereum, XRP, Dogecoin On A Knife&#8217;s Edge Ahead Of Wednesday&#8217;s Federal Reserve Decision</a>
Why It Matters: XRP's Q1 rally appears to be fueled by accelerating institutional tailwinds: Franklin Templeton filed an S-1 for a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45148624/xrp-spikes-2-as-etf-odds-jump-to-85-is-a-breakout-rally-ahead">U.S. spot XRP ETF</a>. 
The CME Group announced plans for XRP futures and Brazil's regulators greenlit a dedicated XRP ETF.
On the legal front, the SEC dropped its appeal in the Ripple case, and Ripple settled with a reduced $50 million penalty, with the court potentially vacating the earlier injunction.
A pro-crypto shift in the U.S. administration, under President Trump, has also boosted sentiment, with executive orders and new appointments signaling market-friendly regulation.
Ripple also closed a major acquisition, purchasing Hidden Road for $1.25 billion to scale up institutional RLUSD and XRP Ledger use cases.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45148624/xrp-spikes-2-as-etf-odds-jump-to-85-is-a-breakout-rally-ahead">XRP Spikes 2% As ETF Odds Jump To 85%: Is A Breakout Rally Ahead?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

$XRP

XRP Outpaces Bitcoin, Ethereum In Q1 As Investment Inflows Top $200 Million

Marathon Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45216324/marathon-petroleum-corp-reports-first-quarter-2025-results" rel="noreferrer noopener">reported&nbsp;first-quarter results</a>.
Total revenues and other income of&nbsp;$31.85 billion&nbsp;topped the consensus of&nbsp;$29.58 billion. Adjusted EPS loss stood at $(0.24),&nbsp;down from&nbsp;$2.58 a year earlier, beating the analyst <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $(0.53)</a>.
Adjusted EBITDA was&nbsp;$2.0 billion&nbsp;for the quarter, compared with&nbsp;$3.3 billion in the prior year quarter.
Refining operating costs per barrel were&nbsp;$5.74&nbsp;versus&nbsp;$6.06 a year ago.&nbsp;
Refining &amp; Marketing refined product sales volume for the quarter was 3,446 mbpd&nbsp;(vs. 3,242 mbpd a year ago); Crude oil capacity utilization was&nbsp;89% (vs.&nbsp;82%&nbsp;a year ago quarter).&nbsp;&nbsp;
Refining&nbsp;&amp; Marketing segment adjusted EBITDA declined to&nbsp;$489 million from&nbsp;$1.99 billion a year ago due to lower market crack spreads.
Refining &amp; Marketing margin was&nbsp;$13.38&nbsp;per barrel for the&nbsp;first quarter&nbsp;versus&nbsp;$19.35&nbsp;per barrel for the first quarter of 2024.
Marathon Petroleum owns the general partner and majority limited partner interest in&nbsp;MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), which reported&nbsp;first-quarter earnings per limited partner unit of&nbsp;$1.10, missing the consensus of&nbsp;$1.12.
Total revenues and other income&nbsp;of&nbsp;$3.12 billion missed&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43457519/mplx-lp-progresses-gulf-coast-ngl-strategy-and-reports-full-year-2024-results" rel="noreferrer noopener">the consensus of&nbsp;$3.14 billion</a>.&nbsp;
As of March&nbsp;31, 2025, Marathon Petroleum had&nbsp;$3.8&nbsp;billion&nbsp;of&nbsp;cash, cash equivalents,&nbsp;and&nbsp;short-term investments, including&nbsp;$2.5 billion of cash at MPLX and&nbsp;$5 billion&nbsp;available&nbsp;on&nbsp;its bank revolving credit facility.
Buyback: In the&nbsp;first quarter, the company returned around&nbsp;$1.3 billion&nbsp;to shareholders, including&nbsp;$1.1 billion&nbsp;in share repurchases.
As of&nbsp;March&nbsp;31, 2025, the company had&nbsp;$6.7 billion available under its share buyback authorizations.
Dividend: On&nbsp;April 30, the company declared a quarterly dividend of&nbsp;$0.91&nbsp;per share, payable&nbsp;on June 10, to <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n45115532/marathon-petroleum-corp-announces-quarterly-dividend" rel="noreferrer noopener">shareholders&nbsp;of record on&nbsp;May 21</a>.
President and Chief Executive Officer&nbsp;Maryann Mannen said, "Our Midstream business delivered an 8% increase in segment adjusted EBITDA over the prior year, and executed on our Natural Gas and NGL growth strategies."
"For our refining business, we are positioned to meet summer demand as seasonal trends are expected to improve margins and we remain constructive on its long-term outlook."
Outlook: For the&nbsp;second quarter, the company sees&nbsp;refining operating costs per barrel of&nbsp;$5.30 and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">refinery throughputs of 2,945 mbpd</a>.&nbsp;
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&nbsp;0.47%&nbsp;at&nbsp;$144.01 premarket at the last check on Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/45194533" target="_blank" rel="noreferrer noopener">Sunoco Fuels Up With $9.1B Parkland Deal, Eyes 10% Cash Flow Bump</a></li>
</ul>

Earnings

Equities

Large Cap

Guidance

CRAK

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

MPLX

Marathon Petroleum Refining Margins Fall Drags Q1 Profit

<a href="https://www.globenewswire.com/Tracker?data=iiq2ZhCJW9YDsweQ8YbUFXJzXKZxDS0_fatyo8MAA9eF7Gj2c3cd0CbuStaZnVm7JKPCp3FZR4DhNoteEJV1aiXDYIWU5FG6_Hyasg0dPpw=">Cosmos Health Inc.</a> ("Cosmos Health" or the "Company'') <a href="https://www.globenewswire.com/Tracker?data=E2cPCFXtRtqsaSZTqPlvAmMvQkJSAn1iXjdp9dQBh4YVk5nVvRL1Yrhi8C51otPb4YEJ3spasos8R_62MXtMB2qy7oUBW74Yl7gxJPXwPW8=">(NASDAQ:</a><a href="https://www.benzinga.com/stock/COSM#NASDAQ">COSM</a>), a diversified, vertically integrated global healthcare group engaged in innovative R&amp;D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has received formal notice from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is eligible for an additional 180 calendar day period, through November 3, 2025, to regain compliance with the Nasdaq's minimum bid price requirement.

COSM

Cosmos Health Granted 180-Day Extension To Regain Nasdaq Minimum Bid Price Compliance

Goldman Sachs analyst David Roman maintains Zimmer Biomet Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) with a Neutral and lowers the price target from $120 to $104.

Goldman Sachs Maintains Neutral on Zimmer Biomet Holdings, Lowers Price Target to $104

As the Federal Reserve convenes this week, the cryptocurrency market is <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45225026/bitcoin-ethereum-xrp-dogecoin-on-a-knifes-edge-ahead-of-wednesdays-federal-reserve-decision">closely monitoring signals</a> that could influence Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trajectory.
With the Fed <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">expected</a> to maintain its benchmark interest rate at 4.25%–4.50% on Wednesday, attention turns to Chair Jerome Powell&#8217;s commentary for indications of future monetary policy shifts.
Economic indicators, including a recent negative GDP print and softening inflation, have intensified speculation about potential rate cuts later this year. 
Speaking with Benzinga, Rohan Misra, Head of GCC at AMINA Bank, suggests that the Fed may adopt a more dovish tone, stating, &#8220;The Fed may prepare the ground for future cuts,&#8221; which could be &#8220;supportive for Bitcoin price action.&#8221;
Market expectations align with this sentiment, with a 54.4% probability of a rate cut by July and over a 50% chance of three or four cuts by year-end, according to CME Group&#8217;s FedWatch tool. 
Matt Mena, Crypto Research Strategist at 21Shares, notes that &#8220;core PCE just hit its lowest since June, and GDP contracted last quarter,&#8221; highlighting the economic backdrop influencing these expectations.
In anticipation of a more accommodative monetary policy, institutional investors have significantly increased their exposure to Bitcoin. 
<a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">U.S.-listed Bitcoin ETFs</a> have seen over $4 billion in inflows this year, with nearly $2 billion arriving last week alone.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45227730/bnb-price-to-surge-to-2775-by-2028-driven-by-bitcoin-and-ethereum-correlation-says-standard-chartered">BNB Price To Surge To $2,775 By 2028, Driven By Bitcoin And Ethereum Correlation, Says Standard Chartered</a>
BlackRock&#8217;s Bitcoin ETF alone attracted $530 million, underscoring the growing institutional interest.
This influx of capital has contributed to Bitcoin&#8217;s resilience, with the cryptocurrency trading around $94,000 despite broader market volatility. 
Chuck Zhang, CFO at PolyFlow, observes that &#8220;Bitcoin&#8217;s current price near $94,000 reflects cautious optimism,&#8221; suggesting that a dovish Fed stance could encourage a &#8220;risk-on&#8221; mindset and lift Bitcoin above $95,000.
Adding to the bullish outlook, reports indicate that Tesla has added Bitcoin back into its website code for payments, hinting at a potential resumption of Bitcoin transactions. 
This development, coupled with a more accommodative Fed policy, could further bolster Bitcoin&#8217;s appeal among institutional investors.
However, not all analysts are uniformly optimistic. 
Azeem Khan, co-founder of Miden blockchain, points out that &#8220;we&#8217;re seeing signs that Bitcoin is separating from altcoins and even from equities,&#8221; suggesting that Bitcoin&#8217;s performance may increasingly diverge from other asset classes.
As the Fed&#8217;s decision looms, the cryptocurrency market remains poised for potential volatility. 
A dovish shift could propel Bitcoin toward the psychological $100,000 mark, while a more hawkish stance might apply downward pressure. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45226571/ftx-creditors-sold-potential-500m-anysphere-stake-for-200000-before-startups-valuation-tripled">FTX Creditors Sold Potential $500M Anysphere Stake For $200,000 Before Startup&#8217;s Valuation Tripled</a></li>
</ul>
Image: Shutterstock

Bitcoin Eyes $100,000, Experts Assert, But Will The Federal Reserve Play Ball?

Goldman Sachs analyst Duffy Fischer maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and lowers the price target from $130 to $95.

Goldman Sachs Maintains Neutral on Westlake, Lowers Price Target to $95

Goldman Sachs analyst Matthew Sykes maintains Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) with a Buy and lowers the price target from $55 to $48.

TWST

Goldman Sachs Maintains Buy on Twist Bioscience, Lowers Price Target to $48

Goldman Sachs analyst Duffy Fischer maintains Tronox Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) with a Buy and lowers the price target from $11.5 to $7.5.

TROX

Goldman Sachs Maintains Buy on Tronox Holdings, Lowers Price Target to $7.5

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) reports <a href="https://www.benzinga.com/calendars/earnings?tickers=SMCI">third-quarter 2025 earnings</a> after Tuesday&#8217;s market closes, and the numbers can't come soon enough.
Wall Street expects earnings per share of 50 cents on $5.42 billion in revenue, but few are holding their breath.
The stock has cratered 60.99% over the past year and is down 1.85% in the past month, despite a 7.79% gain year to date.
Last year, shares tripled as investors rushed into AI-fueled server demand, but the shine wore off fast. Allegations of accounting irregularities from Hindenburg Research, delayed financials, and razor-thin margins have battered confidence and wiped out over 80% of its market cap from peak levels.
Let's look at what the charts say about Super Micro Computer&#8217;s stock and how it's positioned heading into earnings.
<h2 class="wp-block-heading">SMCI Stock Chart Strongly Bearish Ahead Of Q3 Earnings</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0506"><img loading="lazy" decoding="async" width="633" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06105504/Screenshot-2025-05-06-at-8.24.48-PM.png" alt="" class="wp-image-903604" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06105504/Screenshot-2025-05-06-at-8.24.48-PM.png 633w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06105504/Screenshot-2025-05-06-at-8.24.48-PM-300x232.png 300w" sizes="(max-width: 633px) 100vw, 633px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0506" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The technicals paint a bearish picture. SMCI stock, at $32.33, sits below all major moving averages. Its eight-day simple moving average is $34.07, 20-day is $33.33, 50-day is $36.55 and 200-day is a distant $41.03. That's a clean sweep of bearish signals.
The Moving Average Convergence Divergence (MACD) is firmly at a negative 0.82, confirming downward momentum. Meanwhile, the Relative Strength Index (RSI) is 45.38 &#8211; showing neither oversold nor bullish conviction.
The trend is strongly bearish, and SMCI stock continues to face heavy selling pressure.
<h2 class="wp-block-heading">Analyst Ratings Are Tepid &#8211; 7.5% Upside</h2>
Barclays, JPMorgan and Mizuho issued the three most recent ratings on April 30, with a consensus price target of $34.67 &#8211; just a 7.49% upside from current levels. 
The stock holds a "Neutral" consensus rating as analysts stay cautious amid governance concerns and margin headwinds.
Price Action: Super Micro stock was trading at $32.47 at the time of publication.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/05/45227387/bessent-signals-imminent-trade-deals-dismisses-recession-fears-as-stocks-rebound">Bessent Signals Imminent Trade Deals, Dismisses Recession Fears As Stocks Rebound</a></li>
</ul>
Image: Shutterstock

Technicals

Previews

Tech

Trading Ideas

SMCI

Super Micro Computer Suffers 80% Fall From AI Peak, Traders Wary Ahead Of Q3 Earnings

Goldman Sachs analyst Will Nance maintains Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) with a Neutral and raises the price target from $28 to $34.

Goldman Sachs Maintains Neutral on Paymentus Holdings, Raises Price Target to $34

Koninklijke Philips NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) reported first-quarter 2025 adjusted earnings per share of 26 cents (or 0.25 euros), beating the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of 20 cents</a>.
The Dutch healthcare technology group reported quarterly sales of $4.31 billion (4.09 billion euros), beating the consensus of $4.10 billion.
Comparable <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45213459/philips-delivers-on-q1-results-with-ongoing-order-intake-growth" rel="noreferrer noopener">sales decreased</a> by 2%, including a double-digit decline in China.
<ul>
<li>Diagnosis &amp; Treatment comparable sales decreased by 4%, due to a double-digit decline in China and on the back of a high comparison base in prior years. Adjusted EBITA margin improved, driven by productivity measures, mix effects, and innovation, partly offset by lower fixed cost absorption due to lower sales.</li>
<li>Connected Care comparable sales were broadly flat across businesses, and the Adjusted EBITA margin was 3.5%, mainly due to an unfavorable mix and cost phasing, partly offset by productivity measures and innovation.</li>
<li>Personal Health comparable sales increased 1%. A double-digit decline in China largely offset high-single-digit growth. The adjusted EBITA margin remained in line with last year&#8217;s.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45147390/ge-healthcares-strong-q1-took-back-seat-to-tariffs-analyst-sees-2026-tariff-impact-less-than-2025" rel="noreferrer noopener">GE HealthCare&#8217;s Strong Q1 Took Back Seat To Tariffs, Analyst Sees 2026 Tariff Impact Less Than 2025</a>
&#8220;Our order intake growth continued with strong momentum, particularly in the US, coupled with positive growth in personal health, providing an encouraging start to the year,&#8221; said Roy Jakobs, CEO of Royal Philips.
&#8220;In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control. We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers,&#8221; Jakobs added.
Adjusted EBITA margin decreased 80 basis points to 8.6%, mainly due to the decline in sales, partly offset by higher gross margins from innovations and productivity measures.
Income from operations increased to 154 million. Free cash flow was an outflow of 1.09 billion, mainly due to the 1.025 billion payment relating to the Philips Respironics recall-related medical monitoring and personal injury settlements in the U.S.
Guidance:&nbsp;In an uncertain macro environment, Philips&#8217; outlook for the full year 2025 is updated to include the assumed impact of currently announced tariffs, including current bilateral US-China and rest of world tariffs, and the resumption of the paused U.S. tariffs on July 9. It excludes the potential wider economic impact.
2025 comparable sales growth of <a target="_blank" href="https://www.benzinga.com/general/health-care/25/02/43817640/philips-stock-falls-as-china-weakness-drags-q4-earnings-2025-outlook" rel="noreferrer noopener">1%—3% remains unchanged</a>.
Adjusted EBITA margin range to be 10.8%-11.3% (compared to 11.8%-12.3% previously), including an estimated net tariff impact of 250-300 million euros after substantial tariff mitigations.
The company anticipates that 2025 performance will be skewed toward the latter part of the year, with Q2 showing modest improvement from Q1.
Philips is on track to deliver savings of 800 million euros in 2025.
Price Action: PHG stock is down 4.76% to $24.42&nbsp;at the last check on Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45210400/ahead-of-uber-earnings-analyst-raises-forecast" target="_blank" rel="noreferrer noopener">Ahead Of Uber Earnings, Analyst Raises Forecast</a></li>
</ul>
Photo by Mats Wiklund via Shutterstock

Health Care

Movers

Lower Demand In China Disrupts Philips Q1 Sales, Cuts 2025 Profitability Target On Potential Tariff Impact

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/09/25</td>
<td>$282.50</td>
<td>$25.9K</td>
<td>6.1K</td>
<td>9.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$78.0K</td>
<td>29.7K</td>
<td>7.7K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$44.00</td>
<td>$202.5K</td>
<td>10.9K</td>
<td>4.5K</td>
</tr>
<tr>
<td>WRD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$7.50</td>
<td>$42.0K</td>
<td>3.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$70.00</td>
<td>$31.9K</td>
<td>232</td>
<td>1.4K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$84.0K</td>
<td>18.2K</td>
<td>487</td>
</tr>
<tr>
<td>EAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$26.1K</td>
<td>6.2K</td>
<td>442</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/30/25</td>
<td>$260.00</td>
<td>$45.0K</td>
<td>104</td>
<td>264</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$185.00</td>
<td>$377.5K</td>
<td>2.1K</td>
<td>206</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$84.00</td>
<td>$25.4K</td>
<td>169</td>
<td>110</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on May 9, 2025. Parties traded 70 contract(s) at a $282.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $374.0 per contract. There were 6106 open contracts at this strike prior to today, and today 9554 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 45 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $78.0K, with a price of $780.0 per contract. There were 29753 open contracts at this strike prior to today, and today 7771 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option trade with bearish sentiment. It expires in 45 day(s) on June 20, 2025. Parties traded 4500 contract(s) at a $44.00 strike. The total cost received by the writing party (or parties) was $202.5K, with a price of $45.0 per contract. There were 10983 open contracts at this strike prior to today, and today 4567 contract(s) were bought and sold. 
• For WRD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>), we notice a call option trade that happens to be neutral, expiring in 10 day(s) on May 16, 2025. This event was a transfer of 300 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $140.0 per contract. There were 3216 open contracts at this strike prior to today, and today 2599 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option trade with bullish sentiment. It expires in 227 day(s) on December 19, 2025. Parties traded 450 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $71.0 per contract. There were 232 open contracts at this strike prior to today, and today 1450 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 255 day(s) on January 16, 2026. This event was a transfer of 160 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $84.0K, with a price of $525.0 per contract. There were 18254 open contracts at this strike prior to today, and today 487 contract(s) were bought and sold. 
• For EAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), we notice a call option trade that happens to be bearish, expiring in 255 day(s) on January 16, 2026. This event was a transfer of 11 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $2380.0 per contract. There were 6208 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with neutral sentiment. It expires in 24 day(s) on May 30, 2025. Parties traded 21 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $2145.0 per contract. There were 104 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 591 day(s) on December 18, 2026. Parties traded 100 contract(s) at a $185.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $377.5K, with a price of $3775.0 per contract. There were 2149 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on May 16, 2025. Parties traded 100 contract(s) at a $84.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $254.0 per contract. There were 169 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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