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Stock Prices

PLUG

Plug Power shares are trading lower following a Senate Republican's request for an investigation into the Department of Energy's recent conditional commitment to provide the company with a $1.66 billion loan guarantee.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:29 pm

FSM

Fortuna Silver Mines Inc (NYSE:FSM) shares dropped by 15% to $5.02 after announcing a $150 million convertible senior notes offering, with an option for an additional $22.5 million. The proceeds will be used to repay debt and fund general expenses. The interest and conversion rates will be market-dependent.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:25 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares fell by 17% to $0.08 after announcing an offering of 300 million shares by Keystone Capital Partners. The company will not receive proceeds from the resale but may sell up to $50 million worth of common stock to Keystone. So far, $13.67 million worth of stock has been sold.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:22 pm

AFRM

FINX

IPAY

Affirm Holdings, Inc (NASDAQ:AFRM) has expanded its partnership with Alterra Mountain Company, allowing travelers to pay over time for various services. This move aims to enhance the purchase experience and drive value through increased payment flexibility. Affirm's stock has gained 95% in the last 12 months, and investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 3:20 pm

GH

Guardant Health shares are trading higher following the launch of the new Guardant360 TissueNext test. Canaccord Genuity has maintained a Buy rating and raised its price target to $38.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:08 pm

BKCH

FDIG

RIOT

Riot Platforms, Inc (NASDAQ:RIOT) shares are trading lower after Kerrisdale Capital’s Sahm Adrangi issued a bearish report on the stock, criticizing its business model and management practices. Adrangi highlighted the challenges of Bitcoin mining, including high capital requirements and regulatory scrutiny, and questioned Riot's frequent stock issuances and management compensation. Riot's stock has declined 16% over the past year, and investors can also gain exposure through Global X Blockchain ETF (NASDAQ:BKCH) and Fidelity Crypto Industry And Digital Payments ETF (NASDAQ:FDIG).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 3:05 pm

TWST

Twist Bioscience shares are trading higher after Guggenheim initiated coverage on the stock with a Buy rating and announced a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:04 pm

CPB

Campbell Soup Company (NYSE:CPB) reported a 6% YoY net sales growth for Q3 fiscal 2024, beating expectations. The Meals & Beverages segment saw a 15% increase, while Snacks declined by 2%. Adjusted EPS was $0.75, surpassing the consensus of $0.70. The company updated its fiscal 2024 guidance, expecting adjusted EPS of $3.07-$3.10 and sales growth of 3%-4%. CPB shares are trading lower by 1.63%.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 3:03 pm

NEARUSD

NEAR Protocol's price has risen 4.12% to $7.57 in the past 24 hours, despite a 1.0% loss over the past week. The trading volume has fallen 6.0% over the past week, with a slight decrease in circulating supply. NEAR Protocol's market cap is currently $8.19 billion, ranking it #20.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:02 pm

GME

SEC Chair Gary Gensler discussed AI's transformative role in public markets, potential manipulation in GameStop trading by 'Roaring Kitty,' and insider trading rules for Congress members. He emphasized the risks and challenges AI brings, the importance of not misleading the public, and the need for everyone to follow insider trading laws.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 3:02 pm