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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSM CALL SWEEP BEARISH 11/15/24 $175.00 $218.2K 1.3K 76.6K NVDA PUT SWEEP

Unity Software Inc. (NYSE:U) shares are trading higher Thursday amid overall market strength on softer-than-expected June CPI data. What Else? After disappointing financial results in 2023, Unity told shareholders that it was "doing too much and not executing to its full potential." The company launched recovery efforts and aimed to emerge as a leaner, more agile, and faster-growing entity. Unity announced a 25% reduction to its workforce in January and appointed gaming industry veteran Matthew Bromberg as CEO in May. Unity shares are down 60% year-to-date as the company attempts a comeback.  Unity is set to report its second-quarter financial results after the closing bell on Au

U.S. stocks were mostly higher, with the Dow Jones index gaining around 100 points on Thursday. Shares of Methode Electronics, Inc. (NYSE:MEI) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter sales results. Methode Electronics reported a fourth-quarter fiscal 2024 net sales decline of 7.9% year-on-year to $277.30 million, beating the analyst consensus estimate of $264.04 million. Adjusted EPS loss of 23 cents missed the analyst consensus loss estimate of 20 cents, according to data from Benzinga Pro. Methode Electronics shares surged 29.4% to $12.22 on Thursday. Here are some other big stocks recording gains in today’s session.

Unity Software's (NYSE:U) short percent of float has fallen 8.04% since its last report. The company recently reported that it has 33.46 million shares sold short, which is 8.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling 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

Benzinga's options scanner has just identified more than 8 option transactions on Unity Software (NYSE:U), with a cumulative value of $774,990. Concurrently, our algorithms picked up 2 puts, worth a total of 106,043. 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 $12.5 to $17.5 for Unity Software during the past quarter. Volume & Open Interest Trends In today's trading context, the average open interest for options of Unity Software stands at 2741.0, with a total volume reaching 3,040.00. The accompanying chart delineates the progression of both call and put option volume and open interest

In the preceding three months, 8 analysts have released ratings for Unity Software (NYSE:U), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 1 1 Last 30D 0 0 0 1 0 1M Ago 1 0 0 0 0 2M Ago 1 2 2 0 1 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $25.75, a high estimate of $33.50, and a low estimate of $14.00. Experiencing a 3.88% decline, t

Macquarie analyst Tim Nollen maintains Unity Software (NYSE:U) with a Underperform and lowers the price target from $20 to $14.

In 2024, the U.S. tech industry has witnessed a wave of significant layoffs, with Tesla Inc. (NASDAQ:TSLA) leading the charge with its strategic downsizing. According to CNBC, citing internal data, the electric vehicle (EV) automaker reduced its workforce by at least 14% this year. This reduction slashed Tesla's global headcount to just over 121,000. In April, Tesla CEO Elon Musk announced a company-wide cut exceeding 10% of its staff. By mid-June, internal records showed the workforce reduction reached at least 14%. Musk cited inefficiencies within the company as a driving factor behind these cuts. Also Read: Elon Musk Believes Pop Singer Justin Timberlake Could Have Avoided DWI Ch

Whales with a lot of money to spend have taken a noticeably bullish stance on Unity Software. Looking at options history for Unity Software (NYSE:U) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish. From the overall spotted trades, 3 are puts, for a total amount of $104,852 and 5, calls, for a total amount of $237,725. What's The Price Target? Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $25.0 for Unity Software during the past quarter. Volume & Open Interest Trends Examining

Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro

Ziva is a Leader in Sophisticated Simulation and Deformation, Machine Learning, and Real-Time Character Creation DNEG, a world-leading visual entertainment services company best known for its visual effects work with directors such as Denis Villeneuve and Christopher Nolan, announced today that it has acquired the exclusive license to Ziva, a best-in-class toolset for the creation of digital characters and creatures, from Unity (NYSE:U). Under the terms of the transaction, DNEG will also onboard a significant proportion of the Ziva team. Financial terms of the deal were not disclosed. In acquiring the exclusive license to Ziva's toolset and expertise, DNEG further bolsters its position

James M. Whitehurst Appointed Interim Chief Executive Officer and President Company Reaffirms Third Quarter 2023 Guidance Company to Release Third Quarter 2023 Financial Results on November 9, 2023 Unity (NYSE:U) (the "Company"), the world's leading platform for creating and growing real-time 3D (RT3D) content, today announced that John Riccitiello will retire as President, Chief Executive Officer, Chairman and a member of the Company's Board of Directors, effective immediately. James M. Whitehurst has been appointed Interim Chief Executive Officer, President and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman. Mr. Ricciti

Unity (NYSE:U) announced today that it has set a date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the issuance of shares of Unity common stock in connection with the previously announced merger with ironSource Ltd. pursuant to the definitive agreement, dated July 13, 2022. The special meeting will be held virtually at 10:00 a.m. P.T. on Friday, October 7, 2022, at http://www.virtualshareholdermeeting.com/U2022SM. The record date for the special meeting has been set as Friday, September 2, 2022. The completion of the merger remains subject to customary closing conditions, including receipt of approval from Unity stockholder

Revenue of $183 million, 35% year-over-year growth Adjusted EBITDA of $56 million, 31% Adjusted EBITDA margin Dollar-based net expansion rate of 142% ironSource (NYSE:IS) ("ironSource" or the "Company"), a leading business platform for the App Economy, today announced financial results for the three months ended June 30, 2022. "We are very pleased with our Q2 results, as ironSource is proud to be among the few technology companies that deliver high-growth coupled with consistent profitability. We've had a strong quarter, with revenue of $183 million, growing 35% year-over-year, and a dollar-based net expansion rate of 142%, as customers continue to grow using our platform," said Tomer B

– Transformative combination forms the industry's first end-to-end platform to power creators' success as they build, run, manage, grow, and monetize live games and real-time, 3D content – Highly accretive merger is expected to deliver a run rate of $1 billion in Adjusted EBITDA by the end of 2024, and $300 million in annual EBITDA synergies by year three. All-stock transaction values ironSource at approximately $4.4 billion, representing a 74% premium to the 30-day average exchange ratio. Unity Board authorizes a share buyback program of up to $2.5 billion effective upon closing of the transaction. Silver Lake and Sequoia, the two largest Unity shareholders, have committed to inves

Closed transaction marks the beginning of democratizing Weta Digital's exclusive tools for millions of creators and artists Unity (NYSE:U), the world's leading platform for creating and operating real-time 3D (RT3D) content, today announced it has completed the acquisition of Weta Digital's tools, pipeline, technology, and engineering talent. This acquisition is designed to empower the growing number of game developers, artists, and potentially millions of consumer creators with highly sophisticated content creation tools used in some of the world's most iconic movies and television shows, such as Avatar, Game of Thrones, Lord of the Rings, The Suicide Squad, and more. In addition to acqu

New Unity survey shows nearly 7 in 10 of players said they've experienced toxic behavior in Multiplayer, Cross Platform Gaming Unity (NYSE:U), the world's leading platform for creating and operating real-time 3D (RT3D) content, today announced the acquisition of OTO, an AI-driven acoustic intelligence platform that can be leveraged to build and foster safer gaming environments with voice and text chat environments. OTO will be integrated into Unity's industry leading Vivox platform as a cornerstone for solving one of gaming's global challenges: the rise of toxic behavior that leads to poor player experience, and ultimately, lost revenue for game creators. "Over the past year, we saw how p

Q2 Revenue up 48%, exceeding expectations; Raises guidance again Unity Software Inc. (NYSE:U), the world's leading platform for creating and operating interactive, real-time 3D (RT3D) content, today announced second quarter 2021 revenue of $273.6 million, which is up 48% from the year prior and ahead of guidance. This marks the 11th consecutive quarter of 30% or greater growth as the company crosses $1 billion in annual revenue run rate. Unity is increasing full year guidance for 2021. "At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators," said John Riccitiello, President and Chief Executive Officer, Unity. "Unity is designed to enable creators to bui

Leading vegetation modeling and environment creation products bolster Unity's authoring workflow, enabling creators to bring rich environments to life quickly and efficiently Unity (NYSE:U), the world's leading platform for creating and operating real-time 3D (RT3D) content, today announced the acquisition of Interactive Data Visualization, Inc. (IDV), creator of SpeedTree®, a suite of vegetation modeling and environment creation products for architecture, games, visual effects, and real-time simulations. As a long-time partner to Unity, this acquisition of IDV enables a deeper integration of SpeedTree into the Unity ecosystem, which will significantly enhance artists authoring workflows a

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Unity (NYSE:U), the leading platform to create and grow games and interactive experiences, today announced that Jarrod Yahes will join as SVP, Chief Financial Officer (CFO) on January 1, 2025. His appointment comes on the heels of last week's hiring of Steve Collins, ex-CTO of King and Havok co-founder, as Unity's new Chief Technology Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107895490/en/Jarrod Yahes will join Unity as Chief Financial Officer (Photo: Business Wire) Jarrod Yahes joins Unity from Shutterstock, where he has served as CFO for the past five years. He helped drive the company's portfolio expansion int

Payne Will Join Unity as Chief Product Officer for Advertising Following the Hire of Alex Blum as Senior Vice President of Corporate Development Last Month Unity (NYSE:U), the world's leading platform for creating and growing games and interactive experiences, today announced that effective August 12, 2024, Jim Payne will join the company as Chief Product Officer for Advertising, and help drive innovation and growth across its advertising business. Payne co-founded MoPub, the world's largest mobile in-app ad server and exchange, and MAX Advertising Systems, a mobile header bidding platform. Recently, he founded CloudExchange, a publisher-hosted mobile advertising stack enabling first-part

Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps

Weeklong jam welcomes developers of all skill levels to create games using Unity's latest AI tech, Unity Muse; offers seasoned veterans as mentors with inspirational keynotes each day TheXPlace (https://thexplace.ai/), the only all-in-one vertical talent marketplace for the video game industry, and Unity (NYSE:U) (https://unity.com/), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced the companies have partnered to launch the Summer Game Jam: a one- week challenge where developers of all skill levels will create games while gaining invaluable insights from seasoned industry pros and trailb

Accomplished Technology Executive to Spearhead Next Phase of Strategic Product Development and Global Growth Webonise US, LLC ("Webonise" or the "Company"), a global technology product development and digital solutions company that builds capabilities to enable businesses to thrive, today announced the appointment of Alon Tvina as Chief Executive Officer, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231205716031/en/ In his capacity as CEO, Mr. Tvina will spearhead Webonise's global growth initiatives, with a focus on strategically expanding its world-class team – including its sales and client success

Unity (NYSE:U), the world's leading platform for creating and operating real-time 3D (RT3D) content, today announced the appointment of Anirma Gupta as Senior Vice President and General Counsel. She previously served as Chief Legal Officer at Carbon. As Unity's General Counsel, Gupta will lead the global Unity legal team and report directly to Unity CEO John Riccitiello. "Anirma's extensive experience and proven track record in global compliance with transformative companies make her a perfect fit for Unity," said John Riccitiello, CEO of Unity. "We look forward to her guidance as we continue to grow and expand in games and beyond." Gupta brings several decades of experience leading legal

VANCOUVER, BC / ACCESSWIRE / May 25, 2022 / AMPD Ventures Inc. ("AMPD" or the "Company"), (CSE:AMPD) (OTCQB:AMPDF) (FRA:2Q0), is pleased to provide shareholders with a preview of FY 2022 results and summary of key progress.The exceptional team at AMPD continues to execute and build upon its plan of building a full 360-degree Metaverse company despite experiencing a challenging downturn in the technology sector markets.HIGHLIGHTS$1.7M in Q3 2022 revenue (Dec 2021 - Feb 2022), representing a 275% increase compared with Q3 2021.$2.3M in YTD 2022 revenue (Jun 2021 - Feb 2022), doubling that of the same period YTD 2021.$0.9M in forecasted Q4 2022 revenue (Mar 2022 - May 2022), doubling that of Q4

Technology industry veteran and former USPTO Under Secretary of Commerce to bring visionary thinking and perspective Unity Software Inc. (NYSE:U), the world's leading platform for creating and operating interactive, real-time 3D (RT3D) content, today announced the appointment of Michelle K. Lee, former Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO), to the company's Board of Directors. As part of her Board appointment, Ms. Lee will also serve on the Audit Committee of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220322005067/en/Michelle K.

Unity Software Inc. (NYSE:U), the world's leading platform for creating and operating interactive, real-time 3D (RT3D) content, today announced the appointment of Keisha Smith-Jeremie, Chief People Officer at Tory Burch, to the company's Board of Directors. As part of her Board appointment, Ms. Smith-Jeremie will also serve on the Compensation Committee of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210810005047/en/Keisha Smith-Jeremie, Tory Burch Chief People Officer, Joins Unity's Board of Directors (Photo: Business Wire) "We love Keisha's experience as a leader in people development and culture growth at some of

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced the appointment of Luis Felipe Visoso as Senior Vice President and Chief Financial Officer (CFO). Visoso brings several decades of public company finance experience, having led financial organizations at Palo Alto Networks, Amazon Web Services and Procter & Gamble. Visoso will join Unity on April 5 and will report directly to Unity Chief Executive Officer, John Riccitiello. “Luis comes to Unity with great experience honed at some of the world's most respected companies. Most recently, Luis was CFO at Palo Alto Networks and prior to