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Stock Prices

SHIM

Shimmick has announced the pricing of its initial public offering (IPO) of 3,575,000 common shares at $7 per share. The shares are set to begin trading on the Nasdaq Global Market on November 14, 2023, under the ticker symbol 'SHIM.'

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:42 am

SGN

Signing Day Sports has priced its Initial Public Offering (IPO) at $5 per share, offering 1.2 million common shares. The shares are set to begin trading on the NYSE American LLC exchange on November 14, 2023, under the ticker symbol 'SGN'.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:38 am

CPA

Copa Holdings reported a 12% increase in capacity (ASM) and a 10.2% rise in passenger traffic (RPM) for October 2023 compared to the same month in 2022. However, the load factor slightly decreased by 1.4 percentage points to 87.6%.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:30 am

SEDG

UBER

Uber Technologies, Inc. (NYSE:UBER) is anticipated to join the S&P 500 Index soon, according to Future Fund Managing Partner Gary Black. Uber's market cap of $107.503 billion makes it the largest company not currently in the index. The company has reported four consecutive quarters of positive GAAP earnings. If included, S&P 500 index funds would need to buy approximately $22 billion of Uber shares. Morgan Stanley maintains an Overweight rating on Uber with a $62 price target, while the average analysts' target is $61.34, indicating a potential 17.4% upside.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 6:21 am

GOOG

GOOGL

Waymo, Alphabet Inc's autonomous driving unit, is emphasizing safety in response to skepticism following an accident involving rival Cruise. Waymo shared an article by ASU Professor Andrew Maynard, citing a study with Swiss Re that suggests Waymo's cars are safer than human drivers. Waymo is conducting ongoing evaluations and will compare its driver with a human specialist in Arizona. Unions have called for federal regulation of autonomous vehicles after a Cruise AV accident.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 5:54 am

DOGEUSD

SHIBUSD

The meme cryptocurrency MEME has seen a 50% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), which fell by 2-4%. MEME's market cap rose to $288 million, and its trading volume surged by over 780%. Despite having no utility or roadmap, MEME's success is partly due to its association with the Memeland Group and 9GAG. The token is not intended for use as a payment method, and its white paper includes a disclaimer to this effect.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 5:30 am

BLK

A fraudulent filing for a 'BlackRock iShares XRP Trust' in Delaware caused a temporary 12% spike in XRP's price. BlackRock confirmed the filing was a hoax. The incident highlights the crypto market's sensitivity to news, especially regarding institutional acceptance. BlackRock's legitimate 'iShares Ethereum Trust' filing previously boosted Ethereum's price. The SEC is expected to decide on Bitcoin ETF applications, but no approvals have been confirmed yet. Ripple's optimism about XRP's use in international payments follows a court decision not classifying it as a security.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 4:15 am

BTCUSD

Crypto analyst DonAlt predicts Bitcoin could surge to $60,000 due to expectations of a spot-based Bitcoin ETF approval. He remains bullish, dismissing bearish sentiments and suggesting a higher likelihood of Bitcoin reaching $100,000 than falling to $12,000. BlackRock anticipates SEC approval for its Bitcoin ETF by January 2024, with decisions on twelve ETFs expected by November 17. Bloomberg analysts Seyffart and Balchunas see a 90% chance of approval by January 10, 2024.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:50 am

MSFT

NVDA

OpenAI CEO Sam Altman expects the chip shortage, which has driven up the price of Nvidia's H100 processors, to ease next year as more companies introduce alternatives. OpenAI, backed by Microsoft, relies on Nvidia GPUs for AI applications like ChatGPT. Nvidia aims to triple GPU production by 2024, and competition is expected from companies like Google, Microsoft, and AMD. Nvidia's CEO Jensen Huang cautions that no company's survival is assured despite the AI boom.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:19 am

ARKK

DKNG

IRDM

NTLA

PACB

ROKU

RXRX

TXG

Cathie Wood's Ark Invest sold 251,419 shares of Roku Inc. (ROKU) worth approximately $21.11 million through its ARK Innovation ETF (ARKK). This sale followed Roku's Q3 revenue exceeding expectations. Ark also sold DraftKings Inc (DKNG) shares and bought shares in Pacific Biosciences (PACB), Intellia Therapeutics (NTLA), 10X Genomics (TXG), Recursion Pharmaceuticals (RXRX), and Iridium Communications (IRDM), indicating a strategic adjustment of its portfolio.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 3:18 am