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A false rumor about the SEC approving BlackRock's spot bitcoin ETF application led to a significant surge in major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. The rumor resulted in the liquidation of over $104 million worth of short trading positions. However, a BlackRock spokesperson clarified that the application is still under review. Following the clarification, Bitcoin's value declined to around $28,000.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 2:39 am

FCEL

KRUZ

NANC

Rep. Austin Scott's (R-Ga.) past stock trades were called into question on social media, impacting his bid for Speaker of the House. Scott, who was the top political trader in 2021, sold shares of FuelCell Energy Inc (NASDAQ:FCEL) for significant gains. The social media account Unusual Whales, known for sharing data on Congressional trades, highlighted Scott's trading history. Unusual Whales also provided data for two Congress trading linked ETFs, the Series Portfolio Trust Unusual Whales Subversive Republican Trading ETF (BATS:KRUZ) and Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (BATS:NANC).

Portfolio Pulse from Chris Katje

October 16, 2023 | 11:25 pm

BTCUSD

The U.S. Securities and Exchange Committee's (SEC) recent decision not to contest a court ruling in the Grayscale Bitcoin (CRYPTO: BTC) ETF case has sparked excitement in the crypto market. Experts believe the approval of a spot Bitcoin ETF would significantly impact the market, potentially leading to increased Bitcoin adoption, a surge in trading volume, and an influx of capital. However, concerns about potential market manipulation have also been raised.

Portfolio Pulse from Murtuza Merchant

October 16, 2023 | 10:55 pm

UWMC

UWM Holdings Corp. CEO Matt Ishbia, in an interview with CNBC, argued that it is a good time to buy a house despite high rates, as waiting for rates to come down will lead to increased prices. He noted that there is inventory in the market and people, especially young ones, are buying houses. Ishbia also mentioned that the sentiment of little to no activity in the housing market is overstated, citing UWM's strong Q2 and Q3 results as evidence.

Portfolio Pulse from Ryan Gustafson

October 16, 2023 | 10:17 pm

RIO

Rio Tinto's Q3 Pilbara iron ore shipments have increased by 1% while the production of Pilbara iron ore has declined by 1% year over year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 9:40 pm

STSS

Sharps Technology has filed a prospectus related to the offering and resale by the selling stockholders of up to 11.3 million shares of common stock.

Portfolio Pulse from Charles Gross

October 16, 2023 | 9:36 pm

NATL

NCR

NCR Atleos has completed its separation from NCR Corporation, which has been renamed to NCR Voyix. Atleos common stock will start trading on the NYSE under the ticker symbol 'NATL' from October 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 9:35 pm

ELYS

Elys Game Technology has reported that the Nasdaq Hearings Panel has decided to delist its common shares. The company is in the process of transferring the quotation of its common stock to one of the over-the-counter markets operated by OTC Markets Group Inc. The shares will continue to trade under the symbol 'ELYS'.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 9:31 pm

CTHR

CTNT

DBGI

FOSL

GEHI

KAVL

KXIN

LXEH

SLNA

SPGC

WKSP

Several consumer discretionary stocks experienced significant movement in Monday's after-market session. Notable gainers included Sacks Parente Golf (SPGC), Digital Brands Group (DBGI), Charles & Colvard (CTHR), Worksport (WKSP), Selina Hospitality (SLNA), and Fossil Group (FOSL). On the other hand, Gravitas Education Hldgs (GEHI), Kaival Brands Innovations (KAVL), Kaixin Auto Hldgs (KXIN), Lixiang Education Hldg (LXEH), Cheetah Net Supply Chain (CTNT), and Visionary Education Tech (GV) saw their shares decline.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 9:31 pm

ADXN

AMAM

BWV

CGTX

DARE

GCTK

NCNA

OMER

PCSA

RSLS

SIEN

SNES

In Monday's after-market session, several healthcare stocks saw significant movement. Gainers included Sientra (SIEN), NuCana (NCNA), GlucoTrack (GCTK), Cognition Therapeutics (CGTX), SenesTech (SNES), and Blue Water Biotech (BWV). Losers included Ambrx Biopharma (AMAM), Omeros (OMER), Processa Pharma (PCSA), Dare Bioscience (DARE), Addex Therapeutics (ADXN), and Reshape Lifesciences (RSLS).

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 9:31 pm