Streetbeat News

Stock Prices

VRAX

Virax Biolabs shares were halted due to a circuit breaker after a significant price increase of 31.7%.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:47 pm

SMFL

Smart for Life, Inc. (NASDAQ:SMFL) shares surged nearly 98% as the company announced negotiations to acquire four health and wellness companies. These acquisitions are part of Smart for Life's post-restructuring strategy to reach $100 million in revenue through organic growth and M&A initiatives.

Portfolio Pulse from Erica Kollmann

August 21, 2024 | 2:43 pm

ETH

Bitcoin influencer Max argues against the bearish sentiment on Pepe (PEPE), emphasizing its strong performance against Ethereum (ETH) despite both being down. He suggests that the PEPE/ETH pair is in a healthy uptrend, which could influence investor perspectives on meme coins. Data shows a significant increase in large transaction volumes for PEPE.

Portfolio Pulse from Khyathi Dalal

August 21, 2024 | 2:43 pm

CROX

Crocs shares rose following the announcement that actress Sydney Sweeney will be the global spokesperson for its HEYDUDE footwear brand. The stock also saw gains after Target's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:39 pm

EYEN

Eyenovia Inc (NASDAQ:EYEN) shares plummeted by 39% to $0.41 after announcing a best efforts offering of common stock or pre-funded warrants. The funds will be used for product commercialization, clinical studies, and corporate purposes. The stock has seen a significant decline over the past year and month, with current oversold conditions indicated by an RSI of 19.09.

Portfolio Pulse from Henry Khederian

August 21, 2024 | 2:36 pm

ACB

AGFY

CGC

CURLF

MRMD

VFF

The cannabis and psychedelics industries are experiencing significant executive changes. Canopy Growth's CEO David Klein will retire in 2025, while Curaleaf's Boris Jordan will become CEO in 2024. Village Farms extended CEO Michael DeGiglio's contract, and MariMed appointed Mario Pinho as CFO. Several companies, including Aurora Cannabis and Agrify, have made board changes.

Portfolio Pulse from Jelena Martinovic

August 21, 2024 | 2:35 pm

SPY

The USA Payrolls Benchmark shows a significant decrease of -818.00K compared to the previous -187.00K, indicating a potential slowdown in the labor market.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:34 pm

SPY

UNG

The latest report on USA gasoline inventories shows a draw of 1.606 million barrels, significantly higher than the estimated draw of 0.100 million barrels and the prior draw of 2.894 million barrels. This indicates a higher demand or lower supply than expected.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:31 pm

USO

The EIA reported a draw of 3.312 million barrels in weekly distillate stocks, contrary to the expected build of 0.040 million barrels. This is a significant change from the prior draw of 1.673 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:31 pm

GDS

GDS Holdings Ltd (NASDAQ:GDS) shares surged after reporting Q2 FY24 results. Despite missing revenue expectations, the company showed growth in data center operations and improved financial metrics. GDS reaffirmed its 2024 guidance, contributing to a 37% stock gain over five days.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 2:31 pm