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Stock Prices

LI

Barclays analyst Jiong Shao has maintained an Overweight rating on Li Auto (NASDAQ:LI) but has lowered the price target from $56 to $39.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:07 am

BROS

Dutch Bros Inc. announced the pricing of a secondary public offering of 8 million Class A common shares at $34 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:07 am

AEVA

Aeva Technologies announced it has regained compliance with NYSE continued listing standards, indicating a positive development for the company's stock market presence.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:05 am

KBH

Barclays analyst Matthew Bouley has maintained an Overweight rating on KB Home (NYSE:KBH) and increased the price target from $75 to $77.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:04 am

GNS

Genius Group Limited (NYSE:GNS) shares fell 10.9% in premarket trading after the company updated its FY24 guidance, raising revenue outlook to $105 million - $110 million and adjusted EBITDA to $6.0 million - $7.0 million. The update reflects expansion and an accelerated go-to-market strategy, with a focus on AI education through the Genius City Model.

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 11:04 am

TSLA

Tesla shares are trading lower after a report indicated a reduction in production output at its China factory.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:03 am

AMD

'Mad Money' host Jim Cramer has endorsed Advanced Micro Devices (NASDAQ:AMD) as a buy, highlighting its recent strategic partnership with Sony Semiconductor Solutions to advance LiDAR technology for autonomous vehicles. This collaboration aims to improve the performance and reliability of autonomous driving technologies. Additionally, investor sentiment around AMD is growing on social platforms, with expectations for the stock to significantly increase by year-end. AMD's stock closed at $178.68, experiencing a slight decrease, while Nvidia's stock saw a minor increase, closing at $914.35.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 11:00 am

NKE

Nike shares are trading lower following the company's announcement that it expects revenue in the first half of fiscal 2025 to decrease by low single digits.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:59 am

NKE

Nike's shares dropped in premarket trading after the company announced expectations for revenue to decrease in the first half of fiscal 2025 by low single digits. Despite this, the CFO remains optimistic, projecting a 1% revenue growth for the full year and a slight increase in Q4 revenue.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:59 am

BABA

BILI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has sold $360 million worth of Bilibili Inc (NASDAQ:BILI) stock to fund AI investments and business revamp. The sale is part of Alibaba's strategy to focus on core retail and technology, including cloud computing and AI. This move comes as Alibaba aims to strengthen its position against competitors like PDD Holdings Inc (NASDAQ:PDD) and invests in Chinese AI startups. Bilibili faces profitability challenges despite its collaboration with Alibaba. Alibaba's stock has declined by 12% over the last year, but co-founder Jack Ma retains his stake, showing confidence in the company's potential.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 10:58 am