Author: Benzinga Insights

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 15 years by 18.19% on an annualized basis producing an average annual return of 30.24%. Currently, Cadence Design Sys has a market capitalization of $84.64 billion.

Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 15 years ago, it would be worth $53,806.09 today based on a price of $308.60 for CDNS at the time of writing.

Cadence Design Sys’s Performance Over Last 15 Years

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.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	77.86	0.23	0.29	6.0K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	102.15	0.18	0.17	507
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	90.50	0.10	0.11	18.3K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	42.78	-0.26	-0.61	3.9K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	142.05	-0.09	-0.07	5.9K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.77	-0.03	-0.07	16.6K
(NYSE:XLK)	SPDR Select Sector Fund – Technology	239.30	-0.07	-0.03	19.1K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	236.51	-0.01	-0.01	3.2K

Pulled from Benzinga Pro data this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	90.58	0.33	0.36	5.1K
(NYSE:XLK)	SPDR Select Sector Fund – Technology	236.46	0.51	0.21	5.7K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	100.50	0.17	0.16	126
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.75	0.05	0.10	42.5K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	78.14	0.02	0.02	7.9K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	143.87	-0.23	-0.16	1.8K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	138.85	-0.15	-0.11	964
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	82.60	-0.04	-0.05	487

Pulled from Benzinga Pro data this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	99.71	0.93	0.94	4.1K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	78.93	0.24	0.30	1.2K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	232.68	0.62	0.26	1.1K
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	91.07	0.20	0.22	5.5K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	49.76	0.05	0.10	26.9K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	139.49	0.15	0.10	913
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	82.29	0.04	0.04	1.3K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	144.73	0.03	0.02	1.0K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	43.6000	-0.26	-0.60	275
(NYSE:XLK)	SPDR Select Sector Fund – Technology	238.4999	-0.77	-0.33	7.2K

Pulled from Benzinga Pro data the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	91.60	0.58	0.63	19.0K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	233.98	1.18	0.50	6.5K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	140.96	0.40	0.28	594
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	82.50	0.12	0.14	3.3K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	50.47	0.07	0.13	36.2K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	79.72	0.03	0.03	5.0K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLK)	SPDR Select Sector Fund – Technology	240.0800	-0.760	-0.32	16.4K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	144.1617	-0.118	-0.09	7.6K

Pulled from Benzinga Pro data this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	229.55	1.55	0.67	2.3K
(NYSE:XLU)	SPDR Select Sector Fund – Utilities	80.83	0.14	0.17	3.4K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	140.95	0.03	0.02	401
(NYSE:XLK)	SPDR Select Sector Fund – Technology	239.94	0.03	0.01	19.8K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	145.12	0.02	0.01	1.0K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	92.37	-0.22	-0.24	9.5K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	50.40	-0.01	-0.02	30.6K

Pulled from Benzinga Pro data this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

To read more about sector movers, click here.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	82.540	0.080	0.09	728
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	92.251	0.021	0.02	25.0K

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	142.3000	-0.350	-0.25	438
(NYSE:XLK)	SPDR Select Sector Fund – Technology	240.8700	-0.260	-0.11	5.6K
(NYSE:XLF)	SPDR Select Sector Fund – Financial	50.2476	-0.012	-0.03	102.9K

Pulled from Benzinga Pro data this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Deep-pocketed investors have adopted a bullish approach towards Shopify (NYSE:SHOP), 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 SHOP usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 36 extraordinary options activities for Shopify. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 33% bearish. Among these notable options, 5 are puts, totaling $296,377, and 31 are calls, amounting to $1,900,164.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $160.0 for Shopify over the last 3 months.

Volume & Open Interest Trends

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 Shopify’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 Shopify’s whale trades within a strike price range from $45.0 to $160.0 in the last 30 days.

Shopify Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
SHOP	CALL	TRADE	BEARISH	01/16/26	$30.25	$29.5	$29.76	$105.00	$297.6K	3.8K	103
SHOP	CALL	TRADE	BULLISH	01/16/26	$27.8	$27.0	$27.6	$110.00	$276.0K	2.3K	149
SHOP	CALL	TRADE	BEARISH	01/16/26	$36.7	$34.1	$35.1	$95.00	$105.3K	7.1K	35
SHOP	CALL	SWEEP	BEARISH	03/21/25	$37.35	$37.15	$37.21	$80.00	$100.4K	1.5K	28
SHOP	CALL	TRADE	BULLISH	06/20/25	$48.4	$48.15	$48.4	$70.00	$96.8K	7.3K	20

About Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Having examined the options trading patterns of Shopify, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Shopify Standing Right Now?

• With a volume of 5,192,439, the price of SHOP is up 0.83% at $112.79.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 69 days.

Professional Analyst Ratings for Shopify

In the last month, 5 experts released ratings on this stock with an average target price of $118.8.

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. Click here for access.
* An analyst from Wells Fargo has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $120.
* Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Shopify with a target price of $130.
* An analyst from Keybanc has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $130.
* Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Shopify with a target price of $94.
* An analyst from JMP Securities persists with their Market Outperform rating on Shopify, maintaining a target 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 Shopify with Benzinga Pro for real-time alerts.

Gainers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLK)	SPDR Select Sector Fund – Technology	239.75	2.95	1.24	26.3K
(NYSE:XLY)	SPDR Select Sector Fund – Consumer Discretionary	224.70	0.63	0.28	2.3K
(NYSE:XLC)	The Communication Services Select Sector SPDR Fund	100.12	0.11	0.10	750

Losers

Symbol	Name	Price	Change ($)	Change (%)	Volume
(NYSE:XLE)	SPDR Select Sector Fund – Energy Select Sector	94.3502	-0.16	-0.17	8.4K
(NYSE:XLRE)	Real Estate Select Sector SPDR Fund (The)	43.9900	-0.07	-0.16	1.2K
(NYSE:XLP)	SPDR Select Sector Fund – Consumer Staples	82.6000	-0.09	-0.11	246
(NYSE:XLF)	SPDR Select Sector Fund – Financial	50.3999	-0.05	-0.10	133.2K
(NYSE:XLV)	SPDR Select Sector Fund – Health Care	146.7000	-0.12	-0.09	4.4K
(NYSE:XLI)	SPDR Select Sector Fund – Industrial	141.9400	-0.09	-0.07	3.0K
(NYSE:XLB)	Materials Select Sector SPDR	94.3900	-0.03	-0.04	319

Pulled from Benzinga Pro data this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.

For more information on sector movers, click here.

Financial giants have made a conspicuous bearish move on Newmont. Our analysis of options history for Newmont (NYSE:NEM) revealed 22 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $793,136, and 10 were calls, valued at $1,178,399.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $45.0 for Newmont during the past quarter.

Volume & Open Interest Trends

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 Newmont’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 Newmont’s whale activity within a strike price range from $35.0 to $45.0 in the last 30 days.

Newmont Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NEM	CALL	SWEEP	BEARISH	02/21/25	$2.32	$2.29	$2.29	$42.50	$263.9K	792	1.1K
NEM	CALL	SWEEP	BULLISH	01/17/25	$2.85	$2.7	$2.8	$40.00	$248.3K	13.0K	919
NEM	PUT	SWEEP	BEARISH	03/21/25	$1.14	$1.11	$1.13	$37.50	$197.4K	6.6K	4.7K
NEM	CALL	TRADE	BEARISH	06/20/25	$6.9	$6.75	$6.8	$37.50	$189.0K	956	302
NEM	CALL	TRADE	BEARISH	02/21/25	$2.33	$2.29	$2.29	$42.50	$168.5K	792	1.9K

About Newmont

Newmont is the world’s largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

In light of the recent options history for Newmont, it’s now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Newmont Standing Right Now?

• Currently trading with a volume of 3,365,651, the NEM’s price is up by 3.08%, now at $42.17.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 79 days.

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. Click here for access.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Newmont, Benzinga Pro gives you real-time options trades alerts.