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CART

Instacart is planning to raise its IPO range from $26 to $28 per share to $28 to $30 per share, according to a report by the Wall Street Journal.

Portfolio Pulse from Charles Gross

September 15, 2023 | 8:26 am

NEWR

DA Davidson analyst Gil Luria has downgraded New Relic (NEWR) from Buy to Neutral and lowered the price target from $95 to $87.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:18 am

BTC-USD

The Republican party is pushing for legislation to prevent the launch of a Central Bank Digital Currency (CBDC) in the United States. The House Financial Services Committee debated three bills aimed at limiting the Federal Reserve's power to create a CBDC. Concerns around the CBDC include its potential impact on traditional banking and the risk of it outcompeting the stablecoin market. Democrats, however, are advocating for continued research into the CBDC. Bitcoin (CRYPTO: BTC) was trading at $26,584, up 1.32% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 8:04 am

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) is expected to report a narrower loss for its Q4 financial results on Sept. 18, 2023. Analysts predict a loss of 21 cents per share, compared to a loss of 64 cents per share in the same period last year. The company's revenue is expected to be $371.36 million, down from $481.9 million in the year-ago period. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:04 am

AAOI

EML

PSEC

Insider trading has been observed in three US-listed companies: Prospect Capital Corporation (PSEC), Applied Optoelectronics, Inc. (AAOI), and The Eastern Company (EML). PSEC's CEO acquired 166,160 shares for around $1 million following better-than-expected Q4 results. AAOI's President and CEO bought 15,000 shares for around $146,901 after reporting better-than-expected Q2 adjusted EPS results. EML's CEO purchased 1,228 shares for around $22,744 amidst a decline in quarterly EPS.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:03 am

ADBE

CPRT

JBHT

LITB

MITK

Adobe Inc. reported better-than-expected Q3 earnings but issued in-line sales forecast for Q4, leading to a 1.8% drop in shares. Copart, Inc. and Mitek Systems, Inc. reported upbeat Q4 and Q2 results respectively, leading to slight gains in shares. LightInTheBox Holding Co., Ltd. is set to release its Q2 results. J.B. Hunt Transport Services, Inc. announced plans to acquire brokerage assets of BNSF Logistics, LLC, leading to a 1.6% gain in shares.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:02 am

EWQ

France's Harmonised Index of Consumer Prices (HICP) for August was reported at 1.1%, in line with estimates and higher than the 1% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:53 am

EWQ

France's Consumer Price Index (CPI) for August matched the estimated 1%, showing an increase from the prior 0.1%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:53 am

VLCN

Volcon has announced a proposed underwritten public offering. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:26 am

NMRA

Neumora Therapeutics has priced its initial public offering (IPO) of 14.71 million common shares at $17 per share.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:23 am