Streetbeat News

Stock Prices

PRSR

LeddarTech and Prospector Capital announced the effectiveness of their registration statement and scheduled an Extraordinary General Meeting for December 13, 2023, to approve their business combination. This step is crucial for the merger process, which will result in LeddarTech becoming a publicly traded company through Prospector Capital's SPAC structure.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:32 pm

BTC-USD

ETC-USD

MSTR

Ethereum Classic (ETC) has seen a 7.8% increase over the past week, amidst a broader cryptocurrency market strength. Bitcoin (BTC) soared above $40,000 after MicroStrategy purchased 16,130 Bitcoins, reinforcing investor trust in cryptocurrencies. The SEC is considering a rule change for a Fidelity spot Ethereum ETF, indicating growing institutional interest in crypto. While not directly impacting Ethereum Classic, these developments could boost sentiment for ETC as well.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 10:23 pm

SNCR

TURN

180 Degree Capital disclosed an 8% ownership stake in Synchronoss Technologies through a 13D filing, indicating that the shares were purchased for investment purposes.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:14 pm

JOAN

Joann Inc. (NASDAQ:JOAN) stock dropped in after-hours trading following its Q3 earnings report. The company met analyst expectations with a loss of 21 cents per share, a significant decrease from the prior year's earnings. Quarterly sales of $539.80 million fell short of the $547.20 million estimate and were down 4.09% year-over-year. E-commerce sales grew by 11.5%, but operational cash use increased and free cash flow decreased. Joann announced a cost reduction target of $225 million under its Focus, Simplify and Grow initiative. Full-year 2024 Net Sales are expected to decrease by 1-2%. Shares were down 13.48% at $0.89 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 04, 2023 | 10:14 pm

PTN

Palatin Technologies has filed with the SEC for the potential sale of up to 2,476,416 shares of common stock by selling shareholders. This filing allows these shareholders to sell their shares in the market, although it does not necessarily mean that all the shares will be sold or that they will be sold immediately.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:04 pm

IDT

IDT Corporation expressed optimism about its positioning as it enters Q2 of FY24, with plans to continue opportunistic share repurchases. The company anticipates that net2phone AI and upcoming premium plans will contribute to significant ARPU (average revenue per user) and margin growth.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:49 pm

IDT

IDT Corporation reported a decrease in Q1 adjusted EPS to $0.32 from $0.43 YoY and a 6.40% drop in sales to $301.20M from $321.82M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:47 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has launched the Cybertruck For Kids, a $1,500 all-electric, four-wheel ride-on toy inspired by the Cybertruck. It seats two children aged 6-12, has a weight limit of 150 pounds, and can reach speeds up to 10 mph. The toy has a range of 12 miles and is currently sold out, with Tesla planning to begin shipping in late December 2023. This follows the previous release and recall of the Cyberquad for Kids.

Portfolio Pulse from Chris Katje

December 04, 2023 | 9:42 pm

SOFO

Sonic Foundry's stock (SOFO) is trading lower following the announcement of its impending delisting from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:37 pm

AMRN

Amarin Corporation's stock (AMRN) is trading higher following a statement from Sarissa Capital, which expressed the belief that Amarin's stock is significantly undervalued. Sarissa Capital has also increased its ownership stake in the company.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:34 pm