Streetbeat News

Stock Prices

GHBWF

GRAM

MAPS

STHZF

California's cannabis sector experienced a 5% sales decline in Q4 2023, with taxable sales dropping 8% to $1.25 billion. Despite rising wholesale prices, retailer margins have tightened, indicating decreased profitability. Companies like Gold Flora, StateHouse, and Weedmaps are highlighted for their market presence amidst challenges, including regulatory hurdles and the flourishing underground market. The upcoming Benzinga Cannabis Capital Conference in Florida is noted as a significant event for industry insights.

Portfolio Pulse from Nicolás Jose Rodriguez

April 09, 2024 | 1:19 pm

SNPX

Synaptogenix has acquired a 25% stake in Cannasoul, as reported in its latest 10-K filing. As of December 31, 2023, Synaptogenix had a cash balance of $28.7 million. The company also underwent a recent reverse split, resulting in approximately 1,085,333 outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:18 pm

PWP

Perella Weinberg's stock (PWP) is trading higher following JMP Securities' decision to maintain a Market Outperform rating and increase the price target from $18 to $22.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:16 pm

PKG

Packaging Corp of America (NYSE:PKG) has seen a 7.66% decrease in short interest, now at 1.65 million shares or 2.17% of float. This suggests a more bullish sentiment compared to its peers, with an average short interest of 3.23%. The reduction in short interest indicates less bearish sentiment among traders, though it doesn't guarantee a near-term price rise.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:15 pm

YUMC

Yum China Holdings (NYSE:YUMC) has seen a 21.12% increase in short interest since its last report, with 10.99 million shares sold short, representing 2.81% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 9.54%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:15 pm

BLK

BlackRock's (NYSE:BLK) short interest has increased by 12.15% since the last report, with 1.78 million shares sold short, representing 1.2% of its float. This indicates a bearish market sentiment towards BLK, although it has less short interest compared to its peers' average of 2.77%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:15 pm

GOOGL

Arm shares are trading higher following a report that Google has unveiled an Arm-based data center processor, indicating a significant endorsement of Arm's technology in the competitive data center market.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:14 pm

BLK

FNF

GDX

Issuers of Bitcoin ETFs are skeptical about the SEC's willingness to approve an Ethereum-based ETF, despite earlier approvals for Bitcoin ETFs. Companies like BlackRock, Fidelity, and VanEck, having faced delays and a lack of feedback on their ether ETF applications, express doubts, especially given the SEC's scrutiny of crypto assets under federal securities laws. CoinShares and Digital Finance Group CEOs also shared their skepticism, with the latter noting Ethereum's strong performance amid rumors of a U.S. ETF approval.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 1:14 pm

BE

Bloom Energy Inc (NYSE:BE) shares are up in premarket trading after being awarded up to $75 million in tax credits by the Department of Energy, Treasury, and IRS under the Qualifying Advanced Energy Project 48C initiative. This funding, part of a $4 billion initiative announced by the White House, supports Bloom's expansion of domestic manufacturing and production capacity at its Fremont, California plant. The plant's output is significant for Bloom's Energy Server platform and Bloom Electrolyzer, contributing to the energy industry's decarbonization efforts.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 1:11 pm

CHK

Benchmark analyst Subash Chandra maintains a Buy rating on Chesapeake Energy (NASDAQ:CHK) but lowers the price target from $107 to $93.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:11 pm