Streetbeat News

Stock Prices

BTCUSD

Bitcoin is trading sideways, but indicators suggest limited downside risk. Traders are shorting more than longing, hinting at a potential uptrend. Key levels to watch are $61,900 and $56,200, with a break below $58,650 signaling possible further decline.

Portfolio Pulse from Khyathi Dalal

August 21, 2024 | 2:57 pm

NFLX

Netflix is launching a 'Squid Game' video game as part of its strategy to release original games based on its intellectual property. The game, 'Squid Game: Unleashed,' will be available on the Netflix app, coinciding with the release of the show's second season. This move is part of Netflix's broader plan to release a new game every month.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:51 pm

BABA

PDD

Shein has filed a lawsuit against PDD Holdings Inc's Temu for design theft and fraud. Both companies face challenges, including economic pressures and competition from Amazon's new bargain section. PDD Holdings' stock has a positive outlook with a 44.82% expected upside.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 2:50 pm

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