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Stock Prices

WULF

Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on TeraWulf (NASDAQ:WULF) but reduced the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:17 pm

LICY

Li-Cycle Holdings' stock price is trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:15 pm

PFE

Pfizer Inc (NYSE:PFE) is cutting 500 jobs at its Sandwich, Kent facility as part of a global cost-cutting initiative due to lower-than-expected COVID-19 vaccine and treatment sales. The pharmaceutical sciences small molecule operations will be discontinued, affecting primarily scientist roles and some administrative positions. The company plans to relocate these roles to other sites in Chennai, India, and Connecticut, US. Despite the job cuts, Pfizer's Q3 sales slumped 42%, and further details on the cost-cutting measures will be shared in the coming months.

Portfolio Pulse from Vandana Singh

November 14, 2023 | 5:15 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

ZLNDY

Microsoft Corp (MSFT) and Alphabet Inc (GOOG, GOOGL) Google have agreed to comply with the EU's Digital Markets Act (DMA), which requires 'gatekeeper' services to make user access across services easier, including interoperability of messaging apps and freedom to choose pre-installed apps. The DMA affects other tech giants like Amazon (AMZN), Apple (AAPL), Meta Platforms (META), and ByteDance's TikTok. Companies have until November 16 to contest the regulations. Zalando (ZLNDY) and Amazon have challenged the related Digital Services Act (DSA). GOOG shares saw a 1.50% increase to $135.65.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:12 pm

NTLA

Intellia Therapeutics Inc (NYSE:NTLA) stock is experiencing an uptick after the company announced that its investigational therapy NTLA-2002 received the European Union orphan drug designation for the treatment of hereditary angioedema. This designation is significant as it provides incentives for the development of treatments for rare diseases and marks the fifth special regulatory designation for NTLA-2002. The company's CEO, John Leonard, highlighted the progress towards a novel treatment for hereditary angioedema, with the Phase 2 study enrollment expected to be completed soon. Intellia is a clinical-stage genome editing company that specializes in CRISPR-based single-dose therapeutics.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 5:11 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) stock rose on Tuesday following the launch of 'Buy with Prime', a program offering Prime members new shopping benefits for the holiday season. The program allows shopping directly from brands' online stores with fast, free delivery and returns. Brands like Wyze, KNOW Beauty, and ALT. Fragrances are participating. Amazon Business's 2024 State of Procurement Report indicates procurement teams expect increased budgets and are focusing on new tools and technologies. The report provides insights into B2B trends and procurement across various industries and countries. AMZN shares were up 2.33% at $145.91.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:09 pm

KBNT

Kubient Inc (NASDAQ:KBNT) stock plummeted nearly 52% to $0.10 after the company announced its voluntary delisting from the Nasdaq Capital Market due to noncompliance with listing requirements. The Board of Directors decided to delist to avoid the costs and regulatory burdens of addressing noncompliance notices. Trading on Nasdaq will cease on November 17, with delisting about ten days later. Kubient plans to have its stock quoted on the Pink Sheets or another OTC Markets Group Inc. market, but trading continuity is uncertain.

Portfolio Pulse from Henry Khederian

November 14, 2023 | 5:07 pm

HUYA

HUYA Inc (NYSE:HUYA) exceeded Q3 2023 revenue and EPS expectations with $225.8 million and $0.06 respectively, against a consensus of $210.33 million and a loss of $(0.03). Despite a year-over-year decline in live streaming revenues and advertising, the company maintained a stable average mobile MAUs at 86 million. Paying users decreased from 5.5 million to 4.2 million. The company reported a slight decrease in gross margin and holds $1.5 billion in cash and equivalents. Shares rose by 0.73% to $3.45.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:07 pm

BTCUSD

At the Benzinga Future Of Digital Assets event, Brett Harrison, former president of FTX US, predicted a Bitcoin spot ETF could be approved in 2024. He believes the potential of cryptocurrency has not been fully realized and that the approval of a Bitcoin ETF is not entirely priced into the market. Harrison also speculated on the growth of the derivatives market and the impact of an ETF on spot cryptocurrency volumes, suggesting that authorized participants would need to trade the spot to maintain arbitrage opportunities between the spot market and the ETF.

Portfolio Pulse from Tanzeel Akhtar

November 14, 2023 | 5:02 pm

SYTA

Siyata Mobile (NASDAQ:SYTA) is scheduled to release its quarterly earnings report on November 15, 2023. Analysts predict an EPS of $-2.52. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, Siyata's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.02, resulting in a 24.4% increase in share price the following day. Over the past year, SYTA shares have declined by 96.38%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:01 pm