Streetbeat News

Stock Prices

AAPL

Apple's upcoming 'It's Glowtime' event on September 9 is generating buzz, with expectations for the iPhone 16, updated Apple Watches, and AirPods. Analysts have mixed views: Goldman Sachs is optimistic, citing potential surprises and long-term growth, while Piper Sandler is cautious, concerned about consumer spending and potential price increases.

Portfolio Pulse from Surbhi Jain

September 04, 2024 | 4:23 pm

CLOV

Clover Health's stock is rising after its subsidiary, Counterpart Health, secured a multi-year agreement with Iowa Clinic to use its AI-driven solution, Counterpart Assistant, for Medicare patients. This deal is expected to enhance clinical and financial outcomes.

Portfolio Pulse from Dylan Berman

September 04, 2024 | 4:23 pm

DKS

Dick's Sporting Goods (NYSE:DKS) shares are declining due to disappointing guidance despite beating earnings estimates. The stock lacks well-defined support until $187, where previous remorseful sellers may create a support level again. This dynamic could lead to a price floor and potential rally.

Portfolio Pulse from Mark Putrino

September 04, 2024 | 4:22 pm

OGEN

Oragenics Inc (NASDAQ:OGEN) shares plummeted by 45.5% to $0.58 after announcing a $4.45 million public offering of 8,106,584 shares at $0.55 per share. The offering aims to fund the development of ONP-002 and general corporate purposes. The stock has lost 82.44% year to date.

Portfolio Pulse from Henry Khederian

September 04, 2024 | 4:22 pm

NVDA

Nvidia's market value plummeted by $279 billion following disappointing quarterly results, causing a 2.1% drop in the S&P 500. Despite a 44% recovery from August lows, Nvidia's stock struggles to surpass $130, with recent declines bringing it near a key support level of $100.

Portfolio Pulse from Zaheer Anwari

September 04, 2024 | 4:22 pm

MARA

Marathon Digital Holdings reported a 3% decrease in Bitcoin production for August, while its hash rate increased by 11%. The company plans to continue expanding its mining operations and aims to reach a hash rate of 50 EH/s by the end of 2024. Despite the production drop, Marathon did not sell any Bitcoin, maintaining its holdings at 25,945 BTC.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 4:21 pm

PBM

Psyence Biomedical (NASDAQ:PBM) shares dropped 28.6% to $0.25 after announcing an exclusive licensing agreement with PsyLabs for psilocybin use in clinical trials. The company plans to focus on alcohol use disorder and a Phase IIb trial for Adjustment Disorder in cancer patients. PBM has lost 90.13% YTD, underperforming its historical averages.

Portfolio Pulse from Henry Khederian

September 04, 2024 | 4:21 pm

MULN

Mullen Automotive's shares rose following the announcement of shipping initial commercial EVs under a $210 million contract with UAE's Volt Mobility.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:18 pm

LQR

LQR House shares surged following a report of a 540% year-over-year revenue increase for August 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:17 pm

BROS

Dutch Bros (NYSE:BROS) has seen a rise in short interest, with 10.28 million shares sold short, representing 9.66% of its float. This increase in short interest suggests a bearish sentiment among investors, although it is lower than the average of its peers.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:15 pm