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Stock Prices

CLF

IBM

UBER

CNBC's 'Final Trades' segment featured stock recommendations for IBM, UBER, and CLF. The segment typically includes expert analysis and picks from market professionals, which can influence investor sentiment and stock prices in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 6:00 pm

NEO

NTRA

NVTA

NeoGenomics Inc (NEO) received a preliminary injunction from a North Carolina district court, prohibiting the sale of its RaDaR technology, following a lawsuit by Natera Inc (NTRA) alleging patent infringement. NeoGenomics plans to appeal the ruling. The injunction allows NeoGenomics to continue offering RaDaR for existing patients and certain projects. Earlier, Invitae Corporation (NVTA) faced a similar permanent injunction. Analysts from Needham and William Blair expressed concerns over the impact on NEO's growth narrative and stock sentiment. NEO's stock fell 18.60%, while NTRA's rose 2.58%.

Portfolio Pulse from Vandana Singh

December 28, 2023 | 5:57 pm

AAPL

HNHPF

Luxshare Precision Industry Co is acquiring a 62.5% stake in Pegatron Corp's Kunshan unit for about 2.1 billion yuan ($300 million), which may enhance Apple Inc's relationship with China-based suppliers and Beijing. This move could make Luxshare a stronger competitor against Foxconn, which currently assembles 70% of iPhones. Apple, with 20% of its sales from Greater China, is also diversifying production, expanding in India with Foxconn and Pegatron's help. AAPL shares were up 0.44% at $194.01 recently.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 5:53 pm

LOPE

Grand Canyon Education's stock is trading lower following a lawsuit by the FTC accusing the company of deceptive advertising and illegal telemarketing practices.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 5:50 pm

CLRO

ClearOne Inc (NASDAQ:CLRO) shares surged by approximately 15% following the company's announcement of an improved balance sheet due to debt repayments and tax refunds. The company paid off the remaining $1.0 million on its $3.0 million senior secured convertible notes and received a $6.9 million income tax refund. Additionally, ClearOne expects to receive $4.0 million from a non-exclusive patent cross-licensing agreement in Q1 2024. CEO Derek Graham highlighted the company's strong financial position with over $23 million in cash and no debt, which supports their growth objectives and new product rollouts in 2024.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 5:48 pm

BRPHF

HIVE

HUT

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) is considered overvalued by 26% according to 10x Research's Markus Thielen, who suggests it's time to take profit based on a regression model linking MSTR stock to Bitcoin prices. Thielen predicts Bitcoin to reach $45,000 by Christmas. Other crypto-related stocks like HIVE Digital Technologies Ltd (NASDAQ:HIVE), HUT 8 Corp (NASDAQ:HUT), and Galaxy Digital Holdings Ltd (OTC:BRPHF) also saw significant year-to-date surges. MicroStrategy recently increased its Bitcoin holdings, now owning 189,150 Bitcoin worth $5.9 billion. Max Keiser hinted at a potential $5 billion mixed debt & equity shelf offering by MicroStrategy, possibly to buy more Bitcoin.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:46 pm

SQM

Shares of Sociedad Quimica Y Minera (SQM) are up following the announcement of a memorandum of understanding with Codelco for the operation and development of the Salar De Atacama from 2025 to 2060.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 5:43 pm

ABL

ACIC

CCG

GOCO

HALL

HIPO

HRTG

HUIZ

RELI

ROOT

TIRX

WTM

In Thursday's intraday session, insurance stocks saw movement with Tian Ruixiang Holdings, Abacus Life, Huize Holding, White Mountains Insurance, Root, and GoHealth experiencing gains, while Hallmark Financial Services, Reliance Global Group, American Coastal, Hippo Holdings, Cheche Group, and Heritage Insurance Holdings faced losses. The changes in stock prices were accompanied by trading volumes that were consistent with their 100-day average volumes.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:40 pm

Richtech Robotics Inc. (NASDAQ:RR) has formed a strategic partnership with Vietnamese POS provider MAC Marketing LLC (MAC-USA) to integrate Richtech's robotic technologies, ADAM and Matradee L, into MAC-USA's POS systems. These technologies aim to improve operational efficiency and customer satisfaction in executing beverage and food orders. RR, which recently went public on Nasdaq, saw its shares increase by 0.61% to $5.89.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 5:34 pm

BNED

FFIE

MULN

NVFY

PEV

UCAR

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Nova Lifestyle (NVFY) saw a substantial increase of 145.8%, while Mullen Automotive (MULN) and Barnes & Noble Education (BNED) also posted notable gains. Conversely, Faraday Future (FFIE), Phoenix Motor (PEV), and U Power (UCAR) were among the stocks that declined. These movements reflect the volatility and rapid changes in the market values of these companies.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:31 pm