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Stock Prices

MNDY

Monday.Com's stock (MNDY) trades lower following a downgrade by Citigroup from Buy to Neutral and a reduction in the price target from $277 to $250.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:50 pm

GBTC

Grayscale's CEO Michael Sonnenshein indicated a potential slowdown in the $15B outflows from its flagship ETF, GBTC, attributing the initial outflows to the liquidation of assets from bankrupt companies like FTX and high fees compared to new competitors. However, with the resolution of these issues and an optimistic outlook on fee reduction, the daily outflow rates have decreased significantly.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 2:48 pm

MNDR

Shares of Mobile-Health Network Solutions were halted due to an upward movement, indicating a significant positive change or announcement might be forthcoming.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:47 pm

LCID

RIVN

TSLA

Lucid Group (NASDAQ:LCID) exceeded first-quarter delivery expectations with 1,967 vehicles, surpassing Visible Alpha's estimate of 1,745, despite a production shortfall. The company adjusted its strategy by reducing the prices of its Air sedans to counteract declining interest in EVs due to high interest rates. Lucid plans to expand its market with a mid-size car priced at $50,000 by 2026, directly competing with Tesla's Model Y. Tesla (NASDAQ:TSLA) reported a quarterly decline in deliveries, the first since 2020, and faces challenges in producing affordable EVs and mass-producing its Cybertruck. Rivian (NASDAQ:RIVN) also reported higher-than-expected quarterly deliveries, indicating strong performance among EV startups despite a challenging market.

Portfolio Pulse from Upwallstreet

April 10, 2024 | 2:45 pm

MARA

RIOT

Shares of Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are reacting to a pullback in Bitcoin prices, with Bitcoin trading around $68,000 after previously reaching over $72,500. Both companies are preparing for the upcoming Bitcoin halving event, with strategies to mitigate the impact of reduced revenue and increased costs. Marathon Digital aims to increase its mining efficiency, while Riot Platforms plans to expand its mining capacity significantly. Additionally, Marathon Digital's revenue growth and future price target are discussed, highlighting its performance relative to the S&P 500 and the Information Technology sector.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 2:43 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) CEO Adam Aron dismissed bankruptcy concerns despite the company's shares hitting 52-week lows. Aron remains optimistic about AMC's future, citing creative strategies like concert films and a retail popcorn business. He expects a strong box office in 2025 and 2026, despite a predicted decline in 2024. AMC ended 2023 with a cash balance of $885 million, which Aron believes is sufficient to navigate through 2024.

Portfolio Pulse from Chris Katje

April 10, 2024 | 2:42 pm

DOGE

SHIB

SOL

An anonymous trader turned a $356K investment in the 'Jeo Boden' meme coin (BODEN) into $5.8M by leveraging early purchases and strategic sales. The trader's success story highlights the potential of 'culture coins', a new class of meme coins with political themes, exemplified by BODEN and the Trump-related MAGA Memecoin (TRUMP). These coins represent a shift from traditional animal mascot-based meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), towards those embodying shared cultural or political values.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:41 pm

INAB

IN8bio Inc (NASDAQ:INAB) revealed promising preclinical data for its INB-300 candidate from the nsCAR platform, showing improved selectivity in targeting leukemia cells while preserving healthy tissues. The data, presented at the AACR Annual Meeting 2024, demonstrates the potential of nsCAR to offer a wider therapeutic window and reduce off-tumor killing. The study highlighted the nsCAR constructs' ability to significantly enhance tumor-killing capability against leukemia cells without harming healthy cells, leading to a 9% increase in INAB stock in the premarket session.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 2:38 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that industry capacity appears to be peaking in Q2, setting up a positive outlook for the latter half of the year. However, the executive also noted that the company is still carrying more debt than it finds comfortable.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm

MNDR

Trading for the IPO security MNDR was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm