Streetbeat News

Stock Prices

BTAI

LEVI

LXRX

RIOT

SENS

VRNS

Several US stocks are trading lower in the pre-market session. Levi Strauss & Co. (LEVI) shares dipped 8.2% despite reporting upbeat Q2 earnings, as the company lowered its annual profit outlook. BioXcel Therapeutics (BTAI) shares fell 7.4% following the release of topline results for a Phase 3 trial of BXCL501 for Alzheimer's disease-related agitation. Senseonics Holdings (SENS) shares dropped 5.4% after reporting equity grants to employees. Varonis Systems (VRNS) shares declined 4.8%, Lexicon Pharmaceuticals (LXRX) shares fell 3.2%, and Riot Platforms (RIOT) shares slipped 2.5% after issuing production and operations updates.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 10:48 am

MSFT

ZM

Zoom Video Communications (ZM) stock is trading higher amid reports of the company increasing its technology investments in the Asia-Pacific region to boost growth. The company is optimistic about the growth of its phone product in the region. Zoom's cloud-based phone solution now makes up 10% of its revenue. The company is also investing in AI, including a recent investment in Anthropic, an AI safety and research company. In Q1, Zoom reported total revenue of $1.11 billion, up 3% YoY, beating estimates.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 10:38 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China looking to end its regulatory overhaul on fintech affiliate Ant Group with a penalty of $1.1 billion. The penalty will help Ant Group secure a financial holding company license and revive its listing plans. Alibaba also announced that its AI image generator will be initially available to enterprise customers in beta form.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 10:33 am

ZM

Zoom Video Communications is reportedly increasing its technical investments in the Asia-Pacific region to boost growth, leading to a rise in its stock.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:32 am

BABA

Alibaba Group Holding's stock is trading higher following reports that China is planning to conclude its regulatory overhaul on fintech affiliate Ant Group with a penalty of at least 8 billion yuan ($1.1 billion) by Friday.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:31 am

USO

Russia is unlikely to cut oil output in August due to increased domestic gasoline demand. However, it still plans to reduce oil exports in August, although the baseline for the cut is unclear.

Portfolio Pulse from Charles Gross

July 07, 2023 | 10:26 am

BONEUSD

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, has announced the launch of Shibarium, a layer 2 blockchain solution, in August. Shibarium aims to address scalability issues and reduce transaction fees. The launch will coincide with the release of the 'World paper', a comprehensive guide to the SHIB ecosystem, and the launch of DoggyDAO, a funding mechanism for blockchain projects. The news comes as the Shibarium testnet crossed 25 million transactions. Meanwhile, SHIB's price fell by 5.08%, while BONE rose by 4.98%.

Portfolio Pulse from Mehab Qureshi

July 07, 2023 | 10:09 am

NCPL

Netcapital has filed for a firm commitment public offering of up to 4.4 million shares of its common stock. The details of the offering can be found in the SEC filing.

Portfolio Pulse from Charles Gross

July 07, 2023 | 10:09 am

YJ

Yunji has regained compliance with Nasdaq's minimum bid price requirement. The closing bid price of the company's ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from June 20, 2023, through July 3, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:03 am

PARA

Wolfe Research analyst Peter Supino has downgraded Paramount Global (NASDAQ:PARA) from Peer Perform to Underperform and set a price target of $14.

Portfolio Pulse from richadhand@benzinga.com

July 07, 2023 | 10:01 am