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Stock Prices

ATOS

Atossa Therapeutics has regained compliance with Nasdaq's minimum bid price listing requirements, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:31 pm

ARLO

MSTR

SOUN

VERI

As of March 18, 2024, four tech stocks: Veritone, Inc. (VERI), SoundHound AI, Inc. (SOUN), MicroStrategy Incorporated (MSTR), and Arlo Technologies, Inc. (ARLO) are considered overbought with RSI values above 70, indicating potential short-term performance concerns. VERI and ARLO reported better-than-expected Q4 results, while SOUN reported weaker results. MSTR announced a convertible senior notes offering.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 12:23 pm

RTC

Baijiayun Group Ltd (NASDAQ:RTC), an AI video solution provider, received a Nasdaq notice for not meeting the minimum bid price requirement. The company's share price has been below $1.00 for 30 consecutive trading days, violating Rule 5450(a)(1).

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:18 pm

LAB

Standard BioTools Inc. (NASDAQ:LAB) has exchanged all its Series B Convertible Preferred Stock for common stock with Viking Global Investors and Casdin Capital. This move, aimed at streamlining the capital structure, issued approximately 93 million shares of common stock at $2.75 per share, resulting in about 17.8 million additional shares compared to the original conversion price of $3.40 per share. This represents less than 5% dilution and eliminates all Series B Preferred senior rights. The company now has around 382.5 million shares of common stock outstanding.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:17 pm

XGN

Exagen Inc. shares surged following the announcement of its Q4 FY2023 earnings surpassing expectations and the company providing optimistic guidance for FY2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:14 pm

Babcock & Wilcox Enterprises Inc (NYSE:BW) has secured a $246 million contract for a gas conversion project, converting a power plant's coal-fired boilers to natural gas. The full contract is expected to proceed in Q4 2024, with the project reflecting the company's role in the energy transition. BW shares rose 9.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 12:14 pm

AAPL

GOOG

META

MSFT

MUSQ

NFLX

SONY

WBIL

Sony Group Corp (NYSE:SONY) has paused PlayStation VR2 production due to unsold inventory, facing challenges in the VR market alongside Meta, Apple, and others. The industry sees consolidation, with job cuts and game cancellations. Sony's Q3 fiscal 2023 sales grew 22% YOY, and it explores new strategies like PC title access for PSVR2. Investors can access Sony through WBIL and MUSQ ETFs. SONY shares rose 2.08% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 12:12 pm

WISH

ContextLogic Inc. (WISH) announced a special meeting for stockholders to vote on a proposed transaction with Qoo10, involving the sale of its operating assets for approximately $173 million. The transaction aims to preserve $2.7 billion in NOLs and is expected to leave ContextLogic with $150-$157 million in cash, debt-free, post-sale. The Board unanimously recommends voting 'FOR' the transaction, with a special meeting scheduled for April 12, 2024. The sale is anticipated to close in Q2 2024, subject to stockholder approval.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:11 pm

JOAN

MTC

NVEI

RILY

STI

Nuvei Corp shares surged 14.1% in pre-market trading due to buyout talks with Advent International. Other stocks also showed significant movement, with Solidion Technology, JOANN Inc., and Brand Engagement Network among the top gainers. Conversely, MMTec, B. Riley Financial, and Nanobiotix were among the top losers.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 12:06 pm

AAPL

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) (NYSE:TSM) is experiencing a significant stock rally, driven by the AI boom and holding over a 90% market share in advanced semiconductors for AI. Despite geopolitical tensions and concerns about the sustainability of AI-driven demand, TSMC's revenue increased by 9.4% in the first two months of the year. The company is diversifying its manufacturing locations to address market concerns. TSMC stock has gained 35% year-to-date, with exposure available through VanEck Semiconductor ETF (NASDAQ:SMH) and iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 12:06 pm