Streetbeat News

Stock Prices

MPU

Mega Matrix shares are declining following the announcement of shareholder approval for a redomicile merger to the Cayman Islands, expected to complete on October 8th.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:29 pm

MPC

MU

Bill Baruch announced on CNBC that he has trimmed his position in Marathon Petroleum Corp and closed his call position in Micron Technology.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:27 pm

WAB

Jim Lebenthal announced on CNBC that he has purchased shares of Westinghouse Air Brake Technologies, also known as Wabtec. This move could influence investor sentiment and potentially impact the stock price of Wabtec in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:25 pm

TAL

TAL Education Group's stock surged 23.4% due to the People's Bank of China's monetary stimulus, which included a reserve requirement ratio cut and other measures injecting liquidity into the economy. This move is expected to benefit TAL as it navigates regulatory challenges and aims to capitalize on potential increases in consumer spending on education.

Portfolio Pulse from Henry Khederian

September 26, 2024 | 4:23 pm

CNTM

ConnectM Technologies has completed a $6.2 million debt-to-equity conversion, eliminating $13.7 million in total debt and reducing net interest expenses by over $2 million. This financial restructuring has positively impacted the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:23 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher due to China's potential $284 billion stimulus and the launch of new vehicle models. The company introduced the G9 650 Pro SUV and the X9 610 Max MPV, aiming to expand its market reach. XPeng's deliveries increased by 17% in the first eight months of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 4:23 pm

AHH

Armada Hoffler Properties Inc (NYSE:AHH) shares fell by 8.39% to $10.87 after announcing an underwritten offering of 9 million shares, expected to raise approximately $94.5 million. The proceeds will be used to repay loans and reduce the revolving credit facility. The offering is set to close on September 27, with an option for underwriters to purchase an additional 1.35 million shares.

Portfolio Pulse from Henry Khederian

September 26, 2024 | 4:23 pm

WS

Worthington Steel's shares declined following the release of disappointing Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:22 pm

SMCI

Super Micro Computer shares have resumed trading after a temporary halt. This development is significant for investors monitoring the company's stock movements.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:21 pm

META

Meta Platforms CEO Mark Zuckerberg showcased new products at the Meta Connect event, including a cheaper Quest VR headset, Orion AR glasses, and AI features, aligning with his metaverse vision. His Roman Empire-themed shirt symbolized his commitment to this vision. Meta's stock, despite a slight dip, has seen significant growth in 2024.

Portfolio Pulse from Chris Katje

September 26, 2024 | 4:20 pm