Streetbeat News

Stock Prices

ETHUSD

Ethereum's price has decreased by 3.25% over the past 24 hours to $3,794.60, despite a 2.0% uptrend over the past week. Trading volume has fallen by 65.0% over the past week, while the circulating supply has increased by 0.38%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 7:00 pm

APH

CWS

MDCP

Amphenol Corp (NYSE: APH) is expected to see growth driven by the AI server market, increased copper content, and the acquisition of Carlisle Interconnect Technologies (CIT). Citigroup analyst Asiya Merchant has maintained a Buy rating and raised the price target from $135 to $160. The company reported strong fiscal first-quarter 2024 results, with sales growth of 9% year-on-year and adjusted EPS of $0.80, beating analyst estimates. Amphenol stock has gained over 76% in the last 12 months. Investors can gain exposure via VictoryShares THB Mid Cap ETF (NASDAQ: MDCP) and AdvisorShares Focused Equity ETF (NYSE: CWS).

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 6:59 pm

MRVL

SOXX

Marvell Technology (NASDAQ:MRVL) is set to report its Q1 earnings, with analysts expecting revenue of $1.18 billion and EPS of 25 cents. The company's AI business and second-half growth are key focus areas. Analysts are optimistic about Marvell's AI ASIC shipments to Amazon and Google, and a potential recovery in datacenter storage segments. Marvell's shares have performed well, in line with the iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Chris Katje

May 28, 2024 | 6:57 pm

ARCT

VRTX

Arcturus Therapeutics (ARCT) announced encouraging early trial results for its cystic fibrosis treatment, ARCT-032. The results showed a 4% improvement in lung function in the first four CF patients. Analysts are cautiously optimistic, noting the importance of further data to be presented at an upcoming conference. Vertex Pharmaceuticals (VRTX) was also mentioned in relation to its Trikafta treatment.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 6:55 pm

LUCY

Innovative Eyewear shares are trading lower following the announcement of a $2.5 million registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:51 pm

LUCY

Innovative Eyewear shares have resumed trading after a temporary halt. The company, which trades under the ticker LUCY, is back in the market, and investors are closely watching its performance.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:49 pm

AWIN

AERWINS Technologies shares are trading higher following the company's report of a year-over-year increase in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:47 pm

LUCY

Innovative Eyewear shares were halted on a circuit breaker due to a significant drop, with the stock now down by 50.1%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:45 pm

AWIN

AERWINS Technologies shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:45 pm

LUCY

Innovative Eyewear, Inc. (NASDAQ:LUCY) has announced a direct offering of 5,263,161 shares of common stock at $0.475 per share, along with unregistered warrants for the same number of shares at the same price. The offering is expected to close by May 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:44 pm