📈 Stocks / Finance

Decoding AST SpaceMobile's Options Activity: What's the Big Picture?

Benzinga

Big investors are showing interest in AST SpaceMobile (ASTS), with 15 unusual options trades spotted today. These include 10 calls totaling $710,540 and 5 puts worth $237,500. The sentiment is split evenly between bullish and bearish at 46% each.

Analysts are optimistic, giving Buy ratings with target prices of $36, $45, and $63. The stock is currently trading at $29.64, down 0.68%, with a trading volume of over 5 million shares.

Aehr Test Systems (NASDAQ:AEHR) Shares Purchased by Federated Hermes Inc.

Market Beat

Federated Hermes Inc. increased its stake in Aehr Test Systems by 769.7% in the second quarter to 1,100,567 shares, worth $12.29 million. Aehr Test Systems' stock opened at $12.68 on Tuesday, with a 52-week range of $9.83 to $51.08. Their earnings per share were $0.81, beating estimates by $0.70. Analysts have mixed ratings, and insiders have been both buying and selling shares.

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🪙 Crypto

Bitcoin ETF Inflows Decline Sharply from $263.2 Million to $12.8 Million

Crypto Slate

On September 16, Bitcoin ETFs saw a small net inflow of $12.8 million, a big drop from $263.2 million just three days earlier. Five of the nine tracked ETFs had no net flow, with Grayscale posting a $20.8 million outflow.

Meanwhile, Ethereum ETFs faced struggles, recording a $9.4 million net outflow, largely due to Grayscale’s $13.8 million withdrawal. Overall, Ethereum ETFs have experienced total outflows of $590.8 million this month.

🌎 Global Economy

Business Inventories Increased Significantly, Hitting Highest Level Since May

CNBC

Business inventories increased by 0.4% in August, which was higher than analysts expected. This rise brought inventories to their highest level since May. The increase suggests that businesses are stocking up more than usual, likely in anticipation of future demand.

Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut

Market Watch

Retail sales in the U.S. edged up 0.1% in August, surpassing expectations of a 0.2% decline. Even without auto sales, they still rose 0.1%. This steady consumer spending suggests the economy remains solid as the Federal Reserve considers cutting interest rates.

Sales dropped at grocery stores and clothing retailers, but lower prices eased costs for shoppers. Despite slowing inflation and a cooling job market, consumer spending continues to drive economic growth. Economists believe the economy isn't on the brink of a recession.

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