Streetbeat News

Stock Prices

GNLN

GRWG

VFF

XXII

The cannabis sector experienced significant stock movements on September 27, 2024, with notable gains for companies like GreenGro Technologies and Village Farms International, while others like Cann Group and 22nd Century Group saw declines.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 8:30 pm

WNW

Meiwu Technology Co Ltd has filed a prospectus for a best-efforts offering of up to 60 million ordinary shares. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:22 pm

VBNK

Roth MKM analyst Craig Irwin initiated coverage on VersaBank (NASDAQ:VBNK) with a price target of $18, following its acquisition of Stearns Bank Holdings. The bank plans to expand its point-of-sale lending model in the U.S. and anticipates modest net interest margin expansion. VBNK shares closed at $13.03, down 2.03%.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:22 pm

FXI

SPY

USO

The Dow Jones Industrial Average closed at a record high, driven by positive market sentiment. Oil prices increased due to uncertainty in the Middle East, while Bitcoin saw gains. Chinese stocks continued their upward trend.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:19 pm

CTSH

Cognizant Tech Solns Inc. (NASDAQ:CTSH) shares are trading at $76.89, with a recent 0.40% drop. The stock has decreased by 1.13% over the past month but increased by 13.47% over the past year. The company's P/E ratio is lower than the IT Services industry average, suggesting potential undervaluation or low future growth expectations.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 8:16 pm

SES

SES AI has received a notice from the NYSE for non-compliance due to its stock price being below $1.00 for 30 consecutive days. The company plans to address this issue to meet NYSE standards. Trading of its Class A common stock remains unaffected.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:16 pm

IGC

IGC Pharma shares rose following a Form 4 filing revealing that director James P. Moran acquired 588,235 shares at $0.34 each.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:15 pm

RPD

Rapid7 shares increased after Jana Partners disclosed a 5.8% stake in the company, as per a 13D filing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:15 pm

RPD

Jana Partners has acquired a 5.8% stake in Rapid7, as revealed in a recent 13D filing. This indicates potential activist involvement, which could lead to strategic changes or influence in Rapid7's operations.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:14 pm

UDMY

Morgan Stanley analyst Josh Baer downgraded Udemy, Inc. (NASDAQ:UDMY) to Underweight, citing a negative risk/reward profile due to weak demand and strategic shifts. The price target was lowered to $7.50. Udemy's recent workforce changes and strategic focus may lead to disruptions.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:13 pm