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Stock Prices

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower after a 1-for-30 reverse stock split and the filing of a prospectus for the offering of up to 23.89 million shares. The company faces challenges including a multi-billion dollar lawsuit from its founder and pending removal from the Russell 3000 Index.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 5:17 pm

EPAC

Enerpac Tool Group shares are trading lower after the company reported worse-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:16 pm

IONS

Ionis Pharmaceutics shares are trading higher after the FDA accepted olezarsen FCS New Drug Application for Priory Review. Additionally, the company completed enrollment in its Phase 3 sHTG program.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:15 pm

CCL

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) shares are trading higher in sympathy with Carnival Corp (NYSE:CCL), which reported better-than-expected quarterly results. Carnival's strong performance and positive guidance have positively influenced Royal Caribbean's stock ahead of its own earnings report.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 5:12 pm

AGCO

DSMC

KROP

AGCO Corporation (NYSE:AGCO) shares are trading lower due to the announcement of a restructuring program aimed at addressing weakening demand in the agriculture industry. The program includes a 6% reduction in the salaried workforce and is expected to incur charges of $150 million to $200 million, with anticipated annual cost savings of $100 million to $125 million. AGCO stock has lost over 25% in the past year. Investors can gain exposure to AGCO via Global X AgTech & Food Innovation ETF (NASDAQ:KROP) and ETF Series Solutions Distillate Small/Mid Cash Flow ETF (NYSE:DSMC).

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 5:07 pm

CMP

CNHI

DE

TSCO

Shares of agriculture stocks are trading lower possibly due to severe weather in the Midwest.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:07 pm

ALB

Albemarle Executive Eric Norris advises against investing in lithium facilities at current market prices, citing concerns over high lithium prices.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:03 pm

ETHUSD

A crypto trader named Miya lost his entire $12 million net worth after going 'all in' on Ethereum (ETH) and getting liquidated. Miya had invested $10 million based on positive market catalysts but underestimated the risks of leveraged trading. His story highlights the extreme volatility and emotional toll of high-stakes crypto trading.

Portfolio Pulse from Khyathi Dalal

June 25, 2024 | 5:02 pm

SPY

Fed's Cook acknowledges the rapid changes in the jobs market, indicating potential volatility in economic conditions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:02 pm

CLSK

High-rolling investors have shown a bullish sentiment on Cleanspark (NASDAQ:CLSK) through significant options trading activity. Benzinga's options scanner identified 8 trades, with 75% being bullish. The predicted price range for CLSK is between $10.0 and $35.0 over the next three months. Analysts have mixed ratings, with price targets ranging from $12 to $27.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 5:01 pm