Streetbeat News

Stock Prices

BTCUSD

DOGEUSD

ETHUSD

Ahead of the FOMC meeting, Bitcoin, Ethereum, and Dogecoin experienced price corrections. Bitcoin is undergoing a standard pre-FOMC correction, with a bounce expected within 24 hours, particularly with a focus on Ethereum. Over 70,162 traders were liquidated in the last 24 hours, with total liquidations reaching $156.71 million. The largest single liquidation order was on ETH-USD-SWAP valued at $2.11 million. The global crypto market cap decreased by 0.59% to $1.5 trillion. The S&P 500 and Nasdaq Composite saw gains. Analysts predict Bitcoin may see further downward movement but remain bullish on a higher time frame. Santiment reports increased Bitcoin movement back to exchanges and a 6.9% increase in USDT on exchanges.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 3:07 am

ADBE

ADTX

CAVA

OXY

TSLA

On Tuesday, U.S. stocks were up, with the Dow Jones, NASDAQ, and S&P 500 all showing gains. Aditxt, Inc. saw a significant rise after acquiring Evofem Biosciences. Occidental Petroleum's stock dipped slightly despite a Buy rating from Truist Securities. Cava Group's stock surged post-IPO lockup expiration. Adobe Inc. is anticipated to report strong Q4 earnings. Tesla's stock fell slightly but is expected to increase production next year.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 2:01 am

CPA

Copa Holdings reported an expansion in its November consolidated load factor to 87.4%, with an 11.9% increase in capacity and a 12.4% rise in traffic, indicating a positive trend in its operational performance.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:42 pm

SLGC

Madryn Asset Management, holding about 4.2% of SomaLogic's common stock, has issued a letter opposing SomaLogic's proposed merger with Standard BioTools. The opposition from a significant shareholder could influence other investors and potentially affect the merger's progress and SomaLogic's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:36 pm

ARKF

ARKK

ARKW

COIN

Coinbase Global Inc. co-founder Fred Ehrsam and ARK Invest have sold over $14 million in COIN shares. Ehrsam sold 97,836 shares for $13.5 million, while ARK Invest sold 10,933 shares worth approximately $1.5 million. This month, ARK has sold over $100 million of COIN shares from its ETFs ARKW, ARKK, and ARKF. Despite the sell-off, COIN shares were up 1.1% on Tuesday.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 10:21 pm

RSLS

ReShape Lifesciences, Inc. (NASDAQ:RSLS) experienced a nearly 70% surge in its stock price after-hours following the announcement of FDA PMA supplement approval for its next-generation Lap-Band 2.0 FLEX. The approval is seen as a significant growth catalyst for the company's Lap-Band franchise. The new Lap-Band 2.0 features FLEX Technology, designed to improve the patient experience by allowing larger pieces of food to pass through more easily.

Portfolio Pulse from Ryan Gustafson

December 12, 2023 | 10:19 pm

BUD

STZ

TKO

Kid Rock ended his boycott of Bud Light, owned by Anheuser-Busch InBev (NYSE:BUD), after previously protesting the brand's marketing decisions. The boycott, which included other figures, led to a significant sales decline for Bud Light, causing it to lose its title as America's bestselling beer. Anheuser-Busch has since launched ad campaigns targeting various fan bases and secured a partnership with UFC, replacing Modelo, owned by Constellation Brands, Inc. (NYSE:STZ). UFC CEO Dana White endorsed Bud Light, aligning it with patriotic values. Anheuser-Busch's stock has recovered, trading at $63.30, up 6% year-to-date.

Portfolio Pulse from Chris Katje

December 12, 2023 | 10:15 pm

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) stock dropped in after-hours trading following the announcement that one of its Kansas facilities tested positive for highly pathogenic avian influenza, affecting about 684,000 laying hens, or 1.6% of its total flock. The company has halted production at the facility and is seeking to offset the impact by securing production from other locations. No other facilities have tested positive, and the company emphasized its strong biosecurity measures.

Portfolio Pulse from Ryan Gustafson

December 12, 2023 | 10:10 pm

BLK

BTCUSD

BlackRock (NYSE:BLK) has modified the structure of its proposed Spot Bitcoin ETF to allow Authorized Participants, primarily Wall Street banks, to create new shares with cash instead of only cryptocurrency. This change, following discussions with the U.S. SEC and Nasdaq, enables banks that cannot directly own crypto to participate as APs, potentially increasing liquidity for the ETF. CF Benchmarks CEO Sui Chung believes this could significantly enhance the ETF's liquidity due to the involvement of banks with large balance sheets.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 9:56 pm

CVSI

CV Sciences, Inc. (OTCQB:CVSI) has completed the acquisition of Cultured Foods, a European manufacturer and distributor of vegan foods, for up to $535,000. The deal includes a cash payment, shares of CVSI stock, and a potential earn-out. This acquisition allows CV Sciences to expand its +PlusCBD products in Europe and introduce Cultured Foods' products in the US. The acquisition is expected to be accretive in its first year and contribute to scaling economics. CVSI shares dropped 6.2657% to $0.0374 per share after the announcement.

Portfolio Pulse from Jelena Martinovic

December 12, 2023 | 9:52 pm