Options trading in Kenvue Inc. saw a significant spike on Monday, with total volume reaching 16,298 contracts. Put options, often used for hedging or bearish bets, slightly outnumbered calls, with particular focus on July and September expirations.
Trading in Academy Sports & Outdoors options reached its highest level since December, driven by a significant volume of call contracts betting on the stock's price rising. The activity coincided with a modest gain in the company's share price and an increase in implied volatility.
Shares of the marketing automation company jumped after it named former CyberArk executive Erica Smith as its next CFO, resolving a leadership uncertainty that had weighed on the stock.
Crypto payment gateway NOWPayments has introduced a new infrastructure allowing businesses to send mass crypto payouts via email, a system designed to eliminate network and service fees for senders.
Asset managers reported mixed results for June, with T. Rowe Price and Victory Capital posting fund flows that beat analyst estimates, while Virtus Investment Partners saw larger-than-expected outflows, according to a Morgan Stanley review.
Aerospace components manufacturer TransDigm Group has terminated its proposed acquisition of Stellant Systems, citing regulatory uncertainty and a protracted timeline, leading to a significant drop in its stock price.
The U.S. and Iran have engaged in a significant escalation of military strikes, with Tehran targeting multiple Gulf nations and declaring the vital Strait of Hormuz closed to shipping.
The U.S. has reportedly struck Iranian missile systems and naval assets near the Strait of Hormuz, according to Axios, triggering a sharp rise in oil prices due to fears of supply disruptions.
Fast-fashion giant Shein is reportedly seeking to raise between $2 billion and $3 billion in a Hong Kong initial public offering, potentially as early as August, after receiving a key approval from Chinese regulators.
