Streetbeat News

Stock Prices

AMAT

AMD

INTC

KLAC

MRVL

NVDA

Semiconductor and chip stocks are trading lower, potentially due to a broader decline in the technology sector.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:28 pm

MSS

Shares of Maison Solutions were halted due to a circuit breaker after falling 19.2%. The stock experienced a significant drop, triggering market mechanisms to pause trading and prevent further immediate decline.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:27 pm

NVO

TD Cowen analyst Michael Nedelcovych has maintained an Outperform rating on Novo Nordisk (NYSE:NVO) and increased the price target from $105 to $115.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:27 pm

EYPT

MMAT

SPCE

SSNT

UCAR

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all falling. U.S. factory orders decreased by 3.6% in October, more than the expected 2.8% decline. EyePoint Pharmaceuticals, Hawaiian Holdings, and SilverSun Technologies saw significant stock price increases due to positive company-specific news. Conversely, U Power, Meta Materials, and Virgin Galactic Holdings experienced substantial drops in their share prices. Gold and silver prices also fell, while oil saw a slight decrease.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 5:21 pm

BTCUSD

ETHUSD

Institutional investors have shown a preference for Bitcoin (BTC) and Ethereum (ETH) over altcoins, with Bitcoin holdings increasing significantly in the first three quarters of 2023. In September, 50% of institutional investors' portfolios were in Bitcoin, influenced by positive market sentiment and potential regulatory approvals. Ether saw a decline in interest post-Shapella update, but institutional holdings surged in September. Retail traders hold more stablecoins, while institutions strategically move stablecoin reserves into BTC and ETH. Interest in altcoins has waned among all traders, with holdings dropping below December levels.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 5:17 pm

MSS

Shares of Maison Solutions were halted due to a circuit breaker after falling 7.11%. This indicates a significant drop in the company's stock price, triggering a temporary pause in trading to prevent further immediate decline.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:16 pm

RSHO

President Joe Biden has proposed new regulations to boost U.S. production of electric vehicle (EV) batteries and components, potentially reshaping the auto supply chain. The Tema ETF Trust Tema American Reshoring ETF (NYSE:RSHO) surged 2.34% on Friday in response to these proposals. The regulations could incentivize U.S.-based EV automakers to source materials domestically, benefiting from federal tax credits. This comes as Chinese EV manufacturers face challenges in the U.S. market due to existing tariffs. RSHO, which invests in companies likely to benefit from reshoring, has outperformed the S&P 500 since its inception. The ETF is currently in an uptrend but is showing signs of being overbought.

Portfolio Pulse from Melanie Schaffer

December 04, 2023 | 5:08 pm

MINM

Trading in Minim shares has resumed after a temporary halt. There is no additional context provided regarding the reason for the halt or the implications for the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:08 pm

MINM

Shares of Minim (MINM) were halted due to a circuit breaker after surging 16.3% to the upside. Circuit breakers are designed to prevent stocks from crashing by temporarily halting trading after a stock experiences significant price movements in a short period.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:06 pm

SPOT

Spotify Technology SA (NYSE:SPOT) saw its stock rise by over 10% following the announcement of a 17% workforce reduction. The stock's positive performance, with a 20% increase over the past month and over 120% year-to-date, is attributed to investor optimism for a leaner, more efficient company. Technical analysis suggests the rally may continue, as indicated by a Golden Cross pattern on the stock's chart, where the 50-day SMA crossed over the 100-day SMA, historically signaling an uptrend.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 5:05 pm