Streetbeat News

Stock Prices

WBD

Golden Globe nominations generated nearly 200 million impressions on Elon Musk's social media platform X, with 'Barbie' and 'The Last of Us' being the most discussed film and TV show respectively. Warner Bros. Discovery's (NASDAQ:WBD) 'Barbie' received 10 nominations and broke box office records as the highest-grossing movie of 2023. 'The Last of Us' is the most-watched show on HBO Max in LATAM and Europe. The Golden Globe Awards ceremony will be broadcast on CBS and Paramount+ on January 7, 2024.

Portfolio Pulse from Ananya Gairola

December 13, 2023 | 5:07 am

ADPT

COIN

CRSP

TOST

TXG

Ark Invest, led by Cathie Wood, sold 82,255 shares of Coinbase Global Inc (COIN) worth approximately $11.5 million across three ETFs: ARKK, ARKW, and ARKF. This move reflects a strategic shift as the cryptocurrency market, including Bitcoin, shows signs of a downturn. In contrast, Ark Invest increased its positions in Toast Inc (TOST), CRISPR Therapeutics AG (CRSP), Adaptive Biotechnologies (ADPT), and 10X Genomics Inc (TXG), indicating a pivot towards technology and biotech sectors.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 4:23 am

ETHUSD

Donald Trump's first NFT collection saw a 400% increase in trading volume following the announcement of his third 'Mugshot' series. The floor price of the initial collection rose by 30% to 0.17 Ethereum. Trump's ETH holdings have reportedly increased by $1 million over the past month. Ethereum (ETH) is currently trading at $2,167, down 2.91%.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 4:04 am

AAPL

GOOGL

A recent court ruling has declared Google's app-store monopoly unlawful, posing challenges to the $500 billion app-store industry. This decision is part of a broader trend of regulatory actions targeting the dominance of Google (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) in digital marketplaces. The EU will soon require Apple to allow software downloads outside its App Store, and both companies have been mandated to accept alternative payment systems in South Korea. The U.S. Justice Department is also scrutinizing a deal between Google and Apple. Despite these developments, the financial impact on both companies is still uncertain, with changes expected to unfold over several years.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 3:40 am

AAPL

DIS

Elon Musk's social media platform, X (formerly Twitter), is experiencing a significant drop in ad revenue for 2023, with projections of $2.5 billion compared to $1 billion per quarter in 2022. The decline is attributed to advertisers' concerns over content moderation and Musk's endorsement of extremist views. Major advertisers like Apple Inc. (AAPL) and Walt Disney Co. (DIS) have paused their ad spending on the platform. X's valuation has also reportedly dropped below 50% of Musk's purchase price.

Portfolio Pulse from Ananya Gairola

December 13, 2023 | 3:24 am

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