Streetbeat News

Stock Prices

LUXH

LuxUrban Hotels Inc. (LUXH) and its Chairman and Co-CEO Brian Ferdinand mutually agreed to cancel a $10M financing arrangement due to ongoing discussions with Wyndham Hotels & Resorts, Inc. to enhance access to non-dilutive capital. The company is in late-stage talks with Wyndham about Development Incentive Advances, which could accelerate and increase funding for new property acquisitions. Ferdinand will stop selling LUXH common stock, and approximately $500,000 from recent sales will be gifted to the company. LUXH continues to expand, having onboarded or in the process of onboarding 27 hotels to the Wyndham brand, and maintains its financial and unit guidance. Additionally, the underwriter of LUXH's Series A Preferred Stock offering partially exercised an over-allotment option on December 1, with the possibility of further exercises through December 8, with net proceeds aimed at leasing more units and for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:07 pm

BOOT

FEBO

GMBL

JFBR

NEGG

SLNA

SRM

SYPR

WOOF

In Monday's pre-market session, several consumer discretionary stocks experienced significant movements. PARTS iD (ID) shares surged 27.5%, Newegg Commerce (NEGG) rose 15.55%, SRM Entertainment (SRM) increased by 15.51%, Selina Hospitality (SLNA) went up by 14.86%, and Boot Barn Holdings (BOOT) gained 12.81%. Conversely, Fenbo Holdings (FEBO) shares fell by 11.2%, Jeffs Brands (JFBR) declined by 10.53%, Petco Health and Wellness (WOOF) dropped by 5.5%, and Sypris Solutions (SYPR) decreased by 5.21%. Esports Entertainment (GMBL) also saw a rise of 10.21%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:07 pm

ALK

BTM

EOSE

HYLN

MPU

NXU

OPTT

PIXY

SNTG

TURB

In Monday's pre-market session, several industrial stocks showed significant movement. Hawaiian Holdings (HA) saw a substantial increase of 181.9% to $13.7, while Sentage Holdings (SNTG), Bitcoin Depot (BTM), Mega Matrix (MPU), Nxu (NXU), and Turbo Energy (TURB) also experienced gains. Conversely, ShiftPixy (PIXY), Alaska Air Group (ALK), Hyliion Holdings (HYLN), Ocean Power Technologies (OPTT), and Eos Energy Enterprises (EOSE) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

ATHE

EYPT

LSDI

NEXI

PBLA

In Monday's pre-market session, several healthcare stocks experienced significant movements. EyePoint Pharmaceuticals (EYPT) saw a dramatic increase of 378.8%, while Alterity Therapeutics (ATHE) and Lucy Scientific Discovery (LSDI) also posted substantial gains. On the downside, NexImmune (NEXI) and Panbela Therapeutics (PBLA) experienced notable declines, along with other companies such as Sana Biotechnology (SANA) and Vivos Therapeutics (VVOS).

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

BKYI

IDAI

MARA

OSS

SSNT

WISA

In Monday's pre-market session, SilverSun Technologies (SSNT) saw a significant rise of 209.5%, while WiSA Technologies (WISA) and Marathon Digital Holdings (MARA) also experienced notable gains. Conversely, One Stop Systems (OSS), BIO-key Intl (BKYI), and T Stamp (IDAI) were among the stocks that fell sharply.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

IMGN

Piper Sandler analyst Joseph Catanzaro has downgraded Immunogen (NASDAQ:IMGN) from Overweight to Neutral, while also raising the price target for the company's stock from $24 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:06 pm

ANSS

Ansys, Inc. has announced that Nicole Anasenes, the company's CFO and Senior Vice President of Finance, will leave the company in the second quarter of 2024. Ansys is currently searching for a new CFO, and Anasenes will assist in the transition process.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:06 pm

FDMT

4D Molecular Therapeutics will present interim data from the Phase 2 PRISM trial at the Angiogenesis, Exudation, and Degeneration 2024 Conference. The data pertains to the 24-week randomized dose expansion stage of the trial.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:05 pm

SLNA

Selina Hospitality PLC (NASDAQ: SLNA) announced plans for fundraising and liability management, including a potential $68 million in strategic investments led by Osprey Investments Limited and others. The company aims to restructure its $147.5 million 6.00% convertible senior notes due 2026, with agreements in principle for a $28 million equity financing and an optional $40 million equity financing. The restructuring includes converting some debt to equity, extending maturity dates, and securing the Selina brand as collateral. The transactions are subject to definitive agreements and shareholder approval, with the goal of strengthening the balance sheet and achieving profitability.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:04 pm

MIRA

MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) has announced promising results from AI simulations for MIRA1a, a potential treatment for anxiety, appetite, and cognition issues. The simulations, conducted with InSilicoTrials, suggest MIRA1a's advantages over THC, including fewer side effects. MIRA1a targets specific brain receptors and may offer superior anti-anxiety effects, appetite suppression, and cognitive enhancement. The company is working towards an IND Application with the FDA, positioning MIRA1a as a significant development in neuropharmacology.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:03 pm