Streetbeat News

Stock Prices

ALK

ATHE

DUNE

EYPT

HA

NEXI

UCAR

The Nasdaq Composite fell over 100 points on Monday, with the Dow and S&P 500 also trading lower. Consumer staples shares rose, while information technology shares saw a decline. Alaska Air Group Inc (ALK) announced an acquisition of Hawaiian Holdings Inc (HA) for approximately $1.9 billion, including HA's net debt. EyePoint Pharmaceuticals (EYPT), Hawaiian Holdings (HA), and Alterity Therapeutics (ATHE) saw their shares rise significantly. U Power (UCAR), Dune Acquisition Corporation (DUNE), and NexImmune (NEXI) experienced notable declines in their share prices. Oil and gold traded down, while European and Asian markets showed mixed results.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 2:58 pm

UBER

Uber Technologies Inc (NYSE:UBER) stock is experiencing an increase after being added to the S&P 500 Index, replacing Sealed Air Corp. This inclusion often leads to a rise in stock price as index-tracking funds must purchase shares. Uber's recent financial performance, with $221 million in net income and earnings of 10 cents per share for the last quarter, and over $1 billion in profits over the past four quarters, met the criteria for S&P 500 inclusion. Analysts are favorable towards Uber, with 26 Buy and eight Overweight ratings and an average price target of $57.74. Uber's stock has risen over 145% since the beginning of the year and was trading up 5.58% at $60.56.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:57 pm

SSNT

Shares of SilverSun Technologies were halted due to a circuit breaker after surging 160.8% to the upside.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:56 pm

HUBC

HUB Cyber Security has appointed Noah Hershcoviz as its new CEO. Uzi Moscovich, who previously served as Chairman of the Board and played a key role in stabilizing the company after the previous CEO's termination, will return as an Active Director on the board.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:55 pm

SSNT

Trading of SilverSun Technologies shares has resumed after being temporarily halted.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:53 pm

BITF

CLSK

Shares of Bitcoin miners CleanSpark Inc (CLSK) and Bitfarms Ltd (BITF) are trading higher due to a rise in Bitcoin's price over the weekend, crossing the $40,000 level. The crypto rally is driven by optimism for a potential spot ETF and expectations of a Federal Reserve rate cut in 2024. Fed Chairman Jerome Powell hinted at a potential slowdown in rate hikes, further fueling the rally. CleanSpark shares rose 22.2% to $9.36, and Bitfarms shares increased 16.3% to $1.94.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:52 pm

XOM

Exxon Mobil Corp's CEO Darren Woods defended the company's investment in carbon capture technology at the COP28 climate summit, rejecting the IEA's claim that it's an 'illusion' for fighting climate change. Woods compared carbon capture's potential to that of electric vehicles and solar energy, emphasizing that no current solution is sufficient to solve the climate crisis alone. Exxon plans to invest $17 billion in low-carbon initiatives, including carbon capture, and maintains that fossil fuels will remain important through 2050. This marks Woods' first attendance at a U.N.-sponsored climate summit, indicating a shift in the oil and gas industry's approach to climate change.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 2:52 pm

MSTR

Bitcoin Cash (BCH) experienced a 6% increase to $244.00, influenced by the broader cryptocurrency market's strength and Bitcoin's (BTC) rise above $40,000. MicroStrategy's purchase of 16,130 Bitcoins for $608 million has boosted market optimism. The SEC's confirmation of Fidelity Investments' Ethereum ETF application also contributes to a positive sentiment in the crypto space, potentially benefiting BCH.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 2:51 pm

SSNT

Shares of SilverSun Technologies were halted due to a circuit breaker after surging 110.6%. Circuit breakers are designed to prevent extreme volatility in the stock market.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:46 pm

TCBK

TriCo (NASDAQ:TCBK) announced a quarterly dividend of 30 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 30 cents lower to reflect the payout. Eligible shareholders will receive the dividend on December 22, 2023.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm