Streetbeat News

Regulatory

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

NTES

NetEase shares are trading higher due to a report indicating that Chinese gaming companies are initiating share repurchase programs in response to China's new gaming regulations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 7:24 pm

AAPL

MASI

Masimo Corporation views the ITC's decision on a potential import ban of the Apple Watch as a pivotal moment for the U.S. in upholding innovation and safeguarding the rights of inventors. The outcome could have significant implications for Apple's product availability in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 6:01 pm

TUP

Tupperware Brands Corporation (NYSE:TUP) stock is experiencing an increase, trading higher by 25% over the past five days, likely due to the extension of the deadline for its turnaround plans. The company filed an amendment with the SEC to extend the deadline for two quarterly financial reports and its turnaround plan to February 2, with an update on efforts expected by January 19. The stock is trading above its 50-day moving average but below its 52-week high, with heavy trading volume and a significant short interest that may be contributing to the stock's recent rise.

Portfolio Pulse from Erica Kollmann

December 26, 2023 | 5:22 pm

ADEX

AZN

GRCL

IINN

MIST

ONCT

SSYS

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Energy shares led the gains, while health care shares fell slightly. The S&P CoreLogic Case-Shiller 20-city home price index reported a 4.9% increase year-over-year in October. Gracell Biotechnologies surged 59% after AstraZeneca agreed to acquire it. Inspira Technologies rose 93% on positive blood sensor results. Stratasys gained 11% after a buyout proposal from Nano Dimension. Adit EdTech announced plans to de-list from NYSE American, causing its shares to drop 18%. Milestone Pharmaceuticals fell 34% after an FDA refusal to file letter. Oncternal Therapeutics dropped 12% after updating its Phase 1/2 study status.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 5:20 pm

BROG

Brooge Energy's stock price is down following the announcement of a settlement with the SEC, which includes a $5 million penalty and an agreement to cease any future violations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:15 pm

TIVC

Tivic Health Systems has been granted a European patent (EP3615134) for a 'Sinus Treatment Device with Adaptive Circuit'. This patent approval could potentially open up new markets for Tivic Health Systems in Europe, enhancing their intellectual property portfolio and possibly leading to increased interest in their products and technology.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 5:13 pm

BROG

Brooge Energy has agreed to pay a $5 million civil penalty to settle charges by the SEC for alleged fraudulent accounting and offering conduct. The settlement includes an agreement to cease any future violations. Two former officers have also resolved related charges without admitting or denying the findings, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 5:11 pm

NTES

TCEHY

Following a regulatory shake-up in China's gaming industry, several smaller gaming companies have announced share buybacks to reassure investors after a market downturn caused by proposed restrictions on online game incentives. The National Press and Publication Administration signaled a more flexible approach, approving 105 new game licenses, which may indicate government support for the industry. The market is now focused on the potential impact on Tencent Holdings Ltd (TCEHY) and NetEase Inc (NTES), which saw significant market value losses.

Portfolio Pulse from Franca Quarneti

December 26, 2023 | 5:11 pm