Surge in Options Trading Volume for Arteris and Adobe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 hours ago
0mins
Should l Buy MITK?
Source: NASDAQ.COM
- Arteris Options Volume: Arteris Inc (Ticker: AIP) has seen options trading volume of 3,323 contracts today, representing approximately 332,300 shares, which accounts for 71.8% of its average daily trading volume of 462,630 shares over the past month.
- High Volume Contracts: The $25 strike call option for AIP has particularly high activity, with 3,079 contracts traded today, equating to about 307,900 underlying shares, indicating strong market interest in this strike price.
- Adobe Options Activity: Adobe Inc (Ticker: ADBE) has recorded an options trading volume of 36,803 contracts today, representing approximately 3.7 million shares, which is 71.1% of its average daily trading volume of 5.2 million shares over the past month.
- Adobe High Volume Contracts: The $280 strike call option for ADBE has also shown significant trading activity, with 1,591 contracts traded today, representing around 159,100 underlying shares, reflecting notable market attention towards this strike price.
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Analyst Views on MITK
Wall Street analysts forecast MITK stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.070
Low
13.00
Averages
14.67
High
17.00
Current: 15.070
Low
13.00
Averages
14.67
High
17.00
About MITK
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. The Company is a software development company with expertise in artificial intelligence and machine learning. It is a global provider of solutions in the fraud prevention, digital identity verification, and cybersecurity markets. Its verification and fraud detection technology is embedded directly within mobile and Web applications, providing verification at every touchpoint in the customer lifecycle. The Company's products include Mobile Deposit, Check Fraud Defender, Mitek Verified Identity Platform (MiVIP), Mobile Verify, MiSnap, CheckReader, Check Intelligence, MiPass, IDLive Face, and IDLive Doc. Its products are used in various cases, including age verification, compliance (KYC), customer onboarding, passwordless authentication, and in-person identity verification. It serves various industries, including financial institutions, fintech, igaming, lending, marketplace, and travel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surge in Options Trading Volume for Arteris and Adobe
- Arteris Options Volume: Arteris Inc (Ticker: AIP) has seen options trading volume of 3,323 contracts today, representing approximately 332,300 shares, which accounts for 71.8% of its average daily trading volume of 462,630 shares over the past month.
- High Volume Contracts: The $25 strike call option for AIP has particularly high activity, with 3,079 contracts traded today, equating to about 307,900 underlying shares, indicating strong market interest in this strike price.
- Adobe Options Activity: Adobe Inc (Ticker: ADBE) has recorded an options trading volume of 36,803 contracts today, representing approximately 3.7 million shares, which is 71.1% of its average daily trading volume of 5.2 million shares over the past month.
- Adobe High Volume Contracts: The $280 strike call option for ADBE has also shown significant trading activity, with 1,591 contracts traded today, representing around 159,100 underlying shares, reflecting notable market attention towards this strike price.
See More
Mitek Integrates Identity Verification with Ping Identity
- Enhanced Security through Integration: Mitek Systems' integration with Ping Identity leverages PingOne DaVinciTM to enhance identity verification capabilities, particularly liveness detection and face comparison, helping enterprises combat increasingly sophisticated AI-driven fraud and boost customer trust.
- No-Code Solutions: The integration supports both no-code and low-code configurations, allowing organizations to quickly deploy banking-grade, high-assurance identity verification, ensuring a seamless user experience while reducing development costs and time in the face of complex fraud.
- Expanding Partner Network: Mitek joins the Ping Identity Global Technology Partner Program, utilizing DaVinci's seamless orchestration to rapidly enhance customer experiences, indicating the company's strategic positioning and competitive edge in the digital identity security space.
- Broad Customer Base: Mitek's technology is relied upon by over 7,000 organizations, helping them safeguard critical digital interactions against rapidly evolving AI threats, showcasing its leadership in identity verification and fraud prevention.
See More
Mitek and PepsiCo Options Trading Volume Surge
- Mitek Options Volume: Mitek Systems, Inc. has seen an options trading volume of 4,761 contracts today, equating to approximately 476,100 shares, which represents 40.4% of its average daily trading volume of 1.2 million shares over the past month, indicating a significant increase in market interest.
- High-Frequency Contracts: Among Mitek's options, the $17.50 strike call option is particularly active, with 4,335 contracts traded today, representing about 433,500 shares, reflecting investor expectations for future price increases.
- PepsiCo Options Activity: PepsiCo Inc. has also shown strong options trading, with a volume of 32,243 contracts today, approximately 3.2 million shares, accounting for 40.1% of its average daily trading volume of 8 million shares over the past month, demonstrating sustained investor interest.
- Key Contract Analysis: For PepsiCo, the $140 strike put option has seen a trading volume of 5,019 contracts, equating to about 501,900 shares, indicating market concerns regarding potential downside risks for the stock.
See More
Software Stocks Diverge: Some Companies Defy Downtrend
- Diverging Software Performance: Major software companies like Salesforce, Intuit, and Adobe have seen stock prices drop over 50% from their all-time highs, reflecting the severe impact of AI disruption and diminishing investor confidence in the software sector.
- Strong Momentum Stocks: Despite the overall market downturn, companies like Teradata, Arteris, and Clear Secure have scored above 80 on Benzinga Edge's Momentum Score, indicating strong market momentum that could lead to greater gains if the sector rebounds.
- Arteris Price Breakout: The earnings report for Arteris caused its stock to break above the 50-day SMA for the first time since mid-January, accompanied by a bullish MACD crossover, suggesting a relatively strong performance in the software industry with potential for further upside.
- Mitek Systems Recovery: Mitek's positive earnings report has pushed its stock back above the 50-day SMA, with a year-to-date increase of over 35%, and if the fundamental and technical trends hold, MITK shares could see additional gains ahead.
See More
Surge in Options Trading Volume for Mitek and Photronics
- Mitek Options Volume: Mitek Systems, Inc. experienced options trading volume of 9,219 contracts, equating to approximately 921,900 shares, which is about 101.3% of its average daily trading volume over the past month, indicating strong market interest in its future performance.
- High Strike Demand: Notably, the $12.50 strike call option expiring on March 20, 2026, saw a trading volume of 3,759 contracts today, representing around 375,900 shares, suggesting a significant bullish sentiment among investors regarding Mitek.
- Photronics Options Activity: Photronics, Inc. recorded an options trading volume of 9,035 contracts, approximately 903,500 shares, which is about 86% of its average daily trading volume over the past month, reflecting ongoing market interest in its stock.
- Strike Price Focus: The $40 strike call option expiring on March 20, 2026, particularly stood out with a trading volume of 2,381 contracts today, representing about 238,100 shares, indicating investor confidence in Photronics' future growth.
See More
Coinbase Reports Q4 Revenue Decline of 5%
- Revenue Decline: Coinbase reported total Q4 revenue of $1.78 billion, down 5% quarter-over-quarter, missing the Street consensus estimate of $1.85 billion, indicating potential market demand weakness that could impact future growth.
- Earnings Beat: Despite the revenue drop, Coinbase's adjusted earnings per share were 66 cents, surpassing the Street consensus estimate of 64 cents, demonstrating the company's strong performance in cost management and operational efficiency.
- Stock Price Surge: Coinbase shares jumped 13% to $159.44 on Friday, reflecting investor confidence in the company's profitability, even though overall revenue fell short of expectations.
- Market Environment Impact: The broader U.S. stock market declined, with the Dow Jones falling around 0.2% on Friday, indicating macroeconomic pressures on tech stocks that may affect Coinbase's future market performance.
See More
Surge in Options Trading Volume for Arteris and Adobe
- Arteris Options Volume: Arteris Inc (Ticker: AIP) has seen options trading volume of 3,323 contracts today, representing approximately 332,300 shares, which accounts for 71.8% of its average daily trading volume of 462,630 shares over the past month.
- High Volume Contracts: The $25 strike call option for AIP has particularly high activity, with 3,079 contracts traded today, equating to about 307,900 underlying shares, indicating strong market interest in this strike price.
- Adobe Options Activity: Adobe Inc (Ticker: ADBE) has recorded an options trading volume of 36,803 contracts today, representing approximately 3.7 million shares, which is 71.1% of its average daily trading volume of 5.2 million shares over the past month.
- Adobe High Volume Contracts: The $280 strike call option for ADBE has also shown significant trading activity, with 1,591 contracts traded today, representing around 159,100 underlying shares, reflecting notable market attention towards this strike price.
See More
Mitek Integrates Identity Verification with Ping Identity
- Enhanced Security through Integration: Mitek Systems' integration with Ping Identity leverages PingOne DaVinciTM to enhance identity verification capabilities, particularly liveness detection and face comparison, helping enterprises combat increasingly sophisticated AI-driven fraud and boost customer trust.
- No-Code Solutions: The integration supports both no-code and low-code configurations, allowing organizations to quickly deploy banking-grade, high-assurance identity verification, ensuring a seamless user experience while reducing development costs and time in the face of complex fraud.
- Expanding Partner Network: Mitek joins the Ping Identity Global Technology Partner Program, utilizing DaVinci's seamless orchestration to rapidly enhance customer experiences, indicating the company's strategic positioning and competitive edge in the digital identity security space.
- Broad Customer Base: Mitek's technology is relied upon by over 7,000 organizations, helping them safeguard critical digital interactions against rapidly evolving AI threats, showcasing its leadership in identity verification and fraud prevention.
See More
Mitek and PepsiCo Options Trading Volume Surge
- Mitek Options Volume: Mitek Systems, Inc. has seen an options trading volume of 4,761 contracts today, equating to approximately 476,100 shares, which represents 40.4% of its average daily trading volume of 1.2 million shares over the past month, indicating a significant increase in market interest.
- High-Frequency Contracts: Among Mitek's options, the $17.50 strike call option is particularly active, with 4,335 contracts traded today, representing about 433,500 shares, reflecting investor expectations for future price increases.
- PepsiCo Options Activity: PepsiCo Inc. has also shown strong options trading, with a volume of 32,243 contracts today, approximately 3.2 million shares, accounting for 40.1% of its average daily trading volume of 8 million shares over the past month, demonstrating sustained investor interest.
- Key Contract Analysis: For PepsiCo, the $140 strike put option has seen a trading volume of 5,019 contracts, equating to about 501,900 shares, indicating market concerns regarding potential downside risks for the stock.
See More
Software Stocks Diverge: Some Companies Defy Downtrend
- Diverging Software Performance: Major software companies like Salesforce, Intuit, and Adobe have seen stock prices drop over 50% from their all-time highs, reflecting the severe impact of AI disruption and diminishing investor confidence in the software sector.
- Strong Momentum Stocks: Despite the overall market downturn, companies like Teradata, Arteris, and Clear Secure have scored above 80 on Benzinga Edge's Momentum Score, indicating strong market momentum that could lead to greater gains if the sector rebounds.
- Arteris Price Breakout: The earnings report for Arteris caused its stock to break above the 50-day SMA for the first time since mid-January, accompanied by a bullish MACD crossover, suggesting a relatively strong performance in the software industry with potential for further upside.
- Mitek Systems Recovery: Mitek's positive earnings report has pushed its stock back above the 50-day SMA, with a year-to-date increase of over 35%, and if the fundamental and technical trends hold, MITK shares could see additional gains ahead.
See More
Surge in Options Trading Volume for Mitek and Photronics
- Mitek Options Volume: Mitek Systems, Inc. experienced options trading volume of 9,219 contracts, equating to approximately 921,900 shares, which is about 101.3% of its average daily trading volume over the past month, indicating strong market interest in its future performance.
- High Strike Demand: Notably, the $12.50 strike call option expiring on March 20, 2026, saw a trading volume of 3,759 contracts today, representing around 375,900 shares, suggesting a significant bullish sentiment among investors regarding Mitek.
- Photronics Options Activity: Photronics, Inc. recorded an options trading volume of 9,035 contracts, approximately 903,500 shares, which is about 86% of its average daily trading volume over the past month, reflecting ongoing market interest in its stock.
- Strike Price Focus: The $40 strike call option expiring on March 20, 2026, particularly stood out with a trading volume of 2,381 contracts today, representing about 238,100 shares, indicating investor confidence in Photronics' future growth.
See More
Coinbase Reports Q4 Revenue Decline of 5%
- Revenue Decline: Coinbase reported total Q4 revenue of $1.78 billion, down 5% quarter-over-quarter, missing the Street consensus estimate of $1.85 billion, indicating potential market demand weakness that could impact future growth.
- Earnings Beat: Despite the revenue drop, Coinbase's adjusted earnings per share were 66 cents, surpassing the Street consensus estimate of 64 cents, demonstrating the company's strong performance in cost management and operational efficiency.
- Stock Price Surge: Coinbase shares jumped 13% to $159.44 on Friday, reflecting investor confidence in the company's profitability, even though overall revenue fell short of expectations.
- Market Environment Impact: The broader U.S. stock market declined, with the Dow Jones falling around 0.2% on Friday, indicating macroeconomic pressures on tech stocks that may affect Coinbase's future market performance.
See More
