Streetbeat News

Stock Prices

MITK

The Concerned Stockholder Group, significant stockholders of Mitek Systems, Inc. (NASDAQ:MITK), issued an open letter to the company's Board of Directors expressing their concerns about the company's performance and strategic decisions. They criticized the company's share price underperformance, delinquency of financials, and lack of capital allocation discipline. They also suggested that the company's ID Business and Deposit Business should be separated and that a comprehensive strategic review should be conducted to unlock stockholder value.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:10 pm

MOB

The Bank of New York Mellon has increased its stake in Mobilicom, leading to a rise in Mobilicom's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:09 pm

ADD

ECX

KAVL

KXIN

PEV

SDA

SFT

SWIM

SYPR

VLCN

XWEL

In Tuesday's pre-market session, several consumer discretionary stocks saw significant movement. Kaival Brands Innovations (KAVL), Kaixin Auto Hldgs (KXIN), Volcon (VLCN), Color Star Tech (ADD), XWELL (XWEL), and Hyatt Hotels (H) all saw increases, with Hyatt Hotels leading the pack with a 6.27% increase. On the other hand, Shift Techs (SFT), Phoenix Motor (PEV), SunCar Tech Gr (SDA), Sypris Solutions (SYPR), Latham Group (SWIM), and ECARX Holdings (ECX) all saw decreases, with Shift Techs experiencing the largest drop of 21.6%.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:06 pm

AKRO

ATHX

ETNB

IMUX

INO

ISPC

MBRX

MDXH

NAOV

RVLP

SYBX

VTYX

Several healthcare stocks experienced significant movement in Tuesday's pre-market session. Immunic, MDxHealth, Synlogic, Inovio Pharmaceuticals, Moleculin Biotech, and NanoVibronix saw gains, while Akero Therapeutics, Athersys, 89bio, iSpecimen, Ventyx Biosciences, and RVL Pharmaceuticals experienced losses.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:06 pm

AUVI

AWIN

BGLC

DFLI

ELIQ

MKUL

NEOV

PGTI

TURB

UGRO

VINO

The article reports on the movement of 12 industrial stocks in Tuesday's pre-market session. The gainers include NL Industries, PGT Innovations, Urban-gro, NeoVolta, BioNexus Gene Lab, and Dragonfly Energy Holdings. The losers include Molekule Group, Applied UV, AERWINS Technologies, Electriq Power Holdings, Gaucho Group Holdings, and Turbo Energy.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:06 pm

MAXN

MOB

SMX

In Tuesday's pre-market session, several information technology stocks saw significant movement. Gainers included SMX (108.3%), Mobilicom (45.52%), CISO Global (18.43%), Intrusion (15.71%), PowerFleet (12.69%), and Coherent (12.48%). Losers included Maxeon Solar Technologies (-18.8%), Maris Tech (-12.95%), PagerDuty (-7.93%), CalAmp (-4.86%), Taoping (-4.74%), and Ondas Holdings (-4.57%).

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:06 pm

LRHC

La Rosa Holdings Corp. (NASDAQ: LRHC) has announced the pricing of its initial public offering (IPO) of 1,000,000 shares of common stock at $5.00 per share, expecting to raise $5,000,000. The company has also granted underwriters a 45-day option to purchase up to 150,000 additional shares. The shares are expected to begin trading on The Nasdaq Capital Market on October 10, 2023. The company plans to use the net proceeds for general corporate purposes, including acquisitions, debt repayment, and technology purchases.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:05 pm

Unity Software Inc (NYSE:U) announced a CEO transition with John Riccitiello retiring as chairman, president and CEO, effective immediately. James Whitehurst has been appointed as interim president and CEO and Roelof Botha has been named chairman. The company also reaffirmed its Q3 guidance and is set to report financial results on Nov. 9. Unity shares initially traded lower on the news before bouncing back, up 4.18% at $30.94.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:04 pm

PLTR

Palantir Technologies Inc (NASDAQ:PLTR) has been awarded a new contract worth up to $250 million by the U.S. Department of Defense to support AI and machine learning capabilities for various military and intelligence entities. This expands on Palantir's existing partnership with the Army since 2018. The news comes as Palantir's shares traded more than 6% higher due to the ongoing conflict in the Middle East, which could increase demand for the company's data software products.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:03 pm

Analysts have provided various ratings for Dollar Gen (NYSE:DG) within the last quarter, with the majority being indifferent. The average price target is $144.47, representing an upside from the current price of $102.15. However, this average represents a 18.24% decrease from the previous average price target of $176.71.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:00 pm