Streetbeat News

Regulatory

TKLF

Yoshitsu Co., Ltd has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock price has fallen below the $1 minimum bid price for 30 consecutive business days, which is against Nasdaq's listing rules. Yoshitsu now has a compliance period of 180 calendar days to regain compliance. If at any time during this period the bid price of Yoshitsu's stock closes at $1 or more for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will be closed.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:07 pm

SWVL

Swvl Holdings has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has closed below the minimum $1 per share for 30 consecutive business days. Swvl now has a compliance period of 180 calendar days to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:06 pm

CHRS

Coherus BioSciences' stock is trading higher following the announcement of FDA approval for UDENYCA ONBODY, a pegfilgrastim-cbqv product.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:06 pm

CHRS

Coherus Biosciences has received FDA approval for UDENYCA ONBODY, an on-body injector for pegfilgrastim with a quick five-minute delivery time and a safety-focused retractable needle mechanism designed for cancer patients.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:03 pm

CYTK

Cytokinetics, Incorporated (NASDAQ:CYTK) will host an investor call on December 27, 2023, to discuss the Phase 3 clinical trial results of aficamten for obstructive hypertrophic cardiomyopathy. The call will be webcast from their website and accessible by telephone with registration.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:01 pm

LMDX

A recent 13D/A filing with the SEC reveals that Willard L. Umphrey now holds a 10.31% stake in LumiraDx Ltd as of December 22. This filing indicates a significant ownership position in the company.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:00 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares have risen after the company announced a share consolidation on a 1-for-10 basis to regain compliance with Nasdaq listing requirements. The stock had previously surged with the sale of BioSteel Canada and the launch of CBD gummies with Martha Stewart CBD but fell before the consolidation. Post-consolidation, shares began to recover, with a 15% increase over the last week.

Portfolio Pulse from Ryan Gustafson

December 26, 2023 | 8:59 pm

CVX

Chevron experienced an unplanned flare event at its El Segundo, California refinery, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 8:53 pm

AA

ASPN

GAU

GFI

GLT

NGVT

ZKIN

ZK International Group (ZKIN) has regained compliance with Nasdaq's bid price requirement, with its stock price exceeding $1.00 for 10 consecutive days. The materials sector shows signs of being overbought, with Alcoa Corporation (AA), Glatfelter Corporation (GLT), Aspen Aerogels, Inc. (ASPN), and Ingevity Corporation (NGVT) all having high RSIs, suggesting a potential pullback. Galiano Gold Inc. (GAU) is set to own 90% of the Asanko joint venture after Gold Fields Limited (GFI) agreed to sell its stake.

Portfolio Pulse from Austin DeNoce

December 26, 2023 | 8:14 pm

BITO

GBTC

The cryptocurrency ETP market is valued at $50.3 billion, with Bitcoin ETPs at $35.4 billion, led by Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategies (BITO). Ethereum ETPs are valued at $8.8 billion, with Grayscale Ethereum Trust as a major asset. Altcoins like Solana and Avalanche also have dedicated ETPs. The potential approval of a Spot Bitcoin ETF in January 2024 is expected to significantly impact the market and attract new investors, with Bitwise predicting it could be the most successful ETF launch ever. Coinshares reported $103 million in digital asset inflows, with Bitcoin accounting for $87 million.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 7:25 pm