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Stock Prices

NAAS

NaaS Technology Inc has raised $30M through a convertible note purchase agreement with LMR Partners Limited. The note, which has a 363-day term, is convertible into American depositary shares. The parties also entered into a derivative arrangement regarding the ADS. NaaS shares closed 6.10% higher at $5.39 on Thursday.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 11:24 am

NNDM

SSYS

Stratasys' board has unanimously rejected Nano Dimension's revised partial tender offer, stating it substantially undervalues the company and is not in the best interests of Stratasys shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:06 am

AMZN

NKE

NVDA

The S&P 500 settled higher on Thursday, driven by a rally in bank stocks following positive Fed stress test results. The U.S. economy expanded by an annualized rate of 2% in Q1, exceeding market expectations. Traders anticipate a 87% chance of a 25 basis point rate hike by the Federal Reserve in July. NIKE reported lower than expected Q4 earnings, while NVIDIA and Amazon shares fell, contributing to a 0.16% drop in the Nasdaq 100.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 11:05 am

DDD

DM

SSYS

Stratasys' board has unanimously determined that the revised proposal from 3D Systems, dated June 27, 2023, does not constitute a superior proposal to the agreement with Desktop Metal. The board believes the proposal undervalues Stratasys and does not provide a basis for discussions with 3D Systems.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:03 am

XPEV

XPeng's stock has been upgraded from Buy to Outperform by CLSA, with the price target raised from $10 to $13.1. This has resulted in XPeng shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:02 am

GLD

IAU

Otavio Costa, a portfolio manager at Crescat Capital, disagrees with the idea that gold has lost its safe-haven appeal. He believes gold is in the early stages of re-emergence as a safe haven asset, especially given the high levels of global debt. Central banks have been increasing their gold reserves, with 1,136 tonnes added in 2022, the highest in records since 1950. The SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU) both fell in the last five days.

Portfolio Pulse from Bhavik Nair

June 30, 2023 | 11:00 am

CCL

CUK

Carnival Corporation's shares are trading higher following an upgrade from Jefferies, which changed its rating from 'Hold' to 'Buy' and increased the price target from $9 to $25.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:00 am

NKE

Nike's shares are trading lower following the company's Q4 earnings per share (EPS) miss reported on Thursday.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 10:57 am

BHG

MOH

Bright Health has agreed to sell its California Medicare advantage business, Brand New Day and Central Health plan to Molina Healthcare for $600 million. This has resulted in a rise in Bright Health's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 10:56 am

BTC-USD

John Michael Musbach has been sentenced to six and a half years in prison for engaging in explicit exchanges with a 13-year-old and attempting to hire a hitman using 40 Bitcoin (CRYPTO: BTC) to murder the teen before they could testify against him in court. At the time of the transaction, the 40 bitcoins were equivalent to $20,000 and are valued at a staggering $1.2 million today. At the time of writing, BTC was trading at $30,846, up 1.55% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

June 30, 2023 | 10:53 am