Streetbeat News

Stock Prices

FTNT

Fortinet (NASDAQ:FTNT) has significantly outperformed the market with an average annual return of 31.09% over the past decade. An investment of $100 in FTNT stock 10 years ago would be worth $1,470.26 today. Fortinet's market capitalization currently stands at $44.80 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:30 pm

CARA

CHOOF

CRBP

EAST

ESE

EVIO

Marijuana stocks experienced significant movement on a recent Friday, with Choom Holdings leading the gainers with a 9900.00% increase, while EVIO was the top loser, dropping 98.00%. Other notable gainers include Affinor Growers, Blueberries Medical, and Indiva. On the losing side, Global Hemp Group and Pharmadrug also saw notable declines. The volatility in these stocks reflects the dynamic nature of the cannabis industry.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:30 pm

BTCUSD

Bitcoin ETF issuers have cleared a significant regulatory hurdle on their path to obtaining approval from the U.S. Securities and Exchange Commission (SEC). This development is a positive step for the cryptocurrency industry, as it moves closer to mainstream financial markets. The SEC's approval is crucial for the launch of Bitcoin ETFs, which would allow investors to gain exposure to Bitcoin without owning the actual cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:25 pm

INVZ

Innoviz Technologies (INVZ) has been informed by its shuttle program customer that the customer is exiting the OEM portion of its business. As part of a strategic realignment, the customer will cease manufacturing shuttles for direct sale, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:22 pm

AKLI

On January 3, 2024, Santosh Shanbhag resigned from his position as CFO of Akili.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:21 pm

STIX

Semantix has been notified by Nasdaq that it is not in compliance with the minimum bid price requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:14 pm

TLT

UTEN

The December jobs report showed a 216,000 increase in non-farm payrolls, exceeding expectations, with wage growth advancing and unemployment steady at 3.7%. Economists provided mixed reactions, with some seeing signs of a cooling labor market and others noting the market's resilience. The strong jobs data led to a rise in U.S. Treasury yields, negatively impacting bond-related ETFs like TLT and UTEN, which fell in Friday's session.

Portfolio Pulse from Piero Cingari

January 05, 2024 | 9:13 pm

BCRX

BioCryst Pharmaceuticals projects its FY24 revenue for ORLADEYO to be between $380M-$400M, which is in line with the estimated $399.8M by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:08 pm

BCRX

BioCryst Pharmaceuticals announced preliminary Q4 revenue for ORLADEYO at $89.9 million, slightly above the estimate of $89.33 million.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:03 pm

AAPL

NFLX

TSLA

U.S. stocks had a shaky start to 2024 after a strong finish in 2023. Apple Inc. faced a sell-off due to a downgrade by Barclays, raising concerns about its future market performance. Netflix Inc. is exploring revenue generation from its gaming business. Oil prices surged due to tensions in the Red Sea region. BYD Co. Ltd. surpassed Tesla Inc. in EV sales last quarter. The U.S. labor market remained strong with a better-than-expected December jobs report. Online holiday spending hit record levels, and Pharrell Williams was seen driving a Tesla Cybertruck.

Portfolio Pulse from Piero Cingari

January 05, 2024 | 9:03 pm