Streetbeat News

Stock Prices

TSLA

Jim Chanos, a well-known short seller and Tesla bear, is winding down his hedge funds after nearly 40 years due to challenges in capitalizing on bearish bets in a rising market. Chanos & Co. manages under $200 million, down from $6 billion in 2008, and has seen a 4% dip this year compared to the S&P 500's 19% rise. Tesla Inc's shares have surged by approximately 90% this year. Chanos plans to return most investor funds by year-end and pivot to advisory and research services.

Portfolio Pulse from Michael Cohen

November 17, 2023 | 11:01 pm

AULT

Ault Alliance has received a notice of noncompliance with NYSE American listing standards, which could affect its continued listing. Details on the specific standards not met and the company's plans to regain compliance were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:00 pm

DWAC

META

President Joe Biden is considering joining TikTok to appeal to younger voters for the 2024 election, despite security concerns and calls to ban the app in the U.S. due to its Chinese ownership. Biden's campaign aims to combat his trailing position in polls against Donald Trump. Biden has also joined Truth Social, owned by Trump Media & Technology Group, which is merging with Digital World Acquisition Corporation (NASDAQ:DWAC). Additionally, Biden is active on other social media platforms, including those owned by Meta Platforms Inc (NASDAQ:META). Social media's role in elections is growing as more people consume news through these platforms.

Portfolio Pulse from Chris Katje

November 17, 2023 | 9:54 pm

LHC

World View and Leo Holdings Corp. II (NYSE:LHC) have decided to terminate their business combination agreement due to challenging market conditions. Leo will dissolve and liquidate, redeeming all outstanding Class A Ordinary Shares at approximately $10.95 per share. Trading of the Public Shares has been suspended since November 17, 2023, and Leo will delist its securities from the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:46 pm

CCVI

Churchill Capital Corp VI (NYSE: CCVI) has announced it will redeem all outstanding shares of Class A common stock as it will not complete an initial business combination by the set deadline. The redemption price is approximately $10.49 per share. The company's securities will cease trading on the NYSE on December 1, 2023, and shares will be cancelled effective December 4, 2023. Warrants will expire worthless, and the company's sponsor has waived redemption rights for Class B common stock. The company will dissolve after the redemption process.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:45 pm

ALGS

Aligos Therapeutics Inc has filed a prospectus with the SEC for the resale of up to 168.7 million shares of common stock by selling securityholders. This filing indicates that current shareholders may be looking to sell a significant number of shares, which could potentially impact the stock's market price.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:42 pm

MOVE

Movano Inc received a notice from Nasdaq on November 14 regarding delisting or failure to satisfy continued listing rules, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:39 pm

GBNH

Greenbrook TMS Inc. has received a notice from Nasdaq regarding its non-compliance with the minimum bid price requirement. The company's stock, GBNH, has not met the $1 minimum bid price for the last 30 consecutive business days. Greenbrook TMS intends to appeal the delisting notice and will request a hearing with the Nasdaq Hearings Panel. During the appeal process, GBNH will continue to trade on the Nasdaq. The company has a 180-day grace period to regain compliance with the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:36 pm

IWM

NVDA

QQQ

SPY

TLT

WMT

XLB

XLRE

US stock markets recorded a third consecutive week of gains, driven by softer-than-expected inflation data. The iShares Russell 2000 ETF (IWM) led with over 5% gains, while the S&P 500 and tech stocks also rose. Real Estate and Materials sectors outperformed, and long-term Treasuries gained. Walmart's stock dropped despite beating sales expectations due to a cautious outlook. Upcoming events include the release of Fed meeting minutes and earnings reports from Nvidia, Lowe's, Analog Devices, and Deere & Company.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 9:36 pm

OCG

Oriental Culture Holding reported a significant decrease in earnings and revenue for the first half of 2023, with EPS dropping to $(0.50) from $1.34 year-over-year, and revenue falling to $0.8M from $17M in the same period.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:35 pm