Streetbeat News

Stock Prices

Deere shares are trading lower due to a report that the FTC is investigating the company for antitrust and consumer protection issues.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:54 pm

SOFI

Whales have shown a bearish stance on SoFi Techs (NASDAQ:SOFI) with 84% of options trades being bearish. The stock is currently down 2.14% at $9.82, and RSI indicators suggest it may be overbought. The next earnings report is due in 12 days.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:48 pm

NOK

Nokia is cutting 2,000 jobs in China and 350 in Europe as part of its cost-cutting measures. The company aims to save up to 1.2 billion euros by 2026. Despite a 9% rise in Q3 operating profit, Nokia's net sales missed estimates, causing a 4% drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:47 pm

BTCUSD

Stanley Druckenmiller suggests that market indicators, including rising bank stocks and cryptocurrencies, are pricing in a Trump victory in the 2024 election. Bitcoin has surged by 10% since October 3, aligning with increased odds of a Trump win. Analysts predict Bitcoin could reach $80,000 to $90,000 if Trump wins, due to his pro-crypto stance.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 5:46 pm

AAWH

Ascend Wellness Holdings has launched a new edibles-only brand, Effin’, focusing on specific effects through THC and minor cannabinoids. The brand debuted in Massachusetts and Illinois, with a New Jersey launch planned. Ascend's shares rose 3.21% following the announcement.

Portfolio Pulse from Jelena Martinovic

October 17, 2024 | 5:45 pm

NUZE

NuZee, Inc. (NASDAQ:NUZE) shares surged over 500% after announcing a move of its U.S. operations from California to Florida and establishing global offices. Co-CEO Randy Weaver stepped down, with Jiangshang Wang taking over as CEO. The company aims to expand its global presence and improve performance.

Portfolio Pulse from Dylan Berman

October 17, 2024 | 5:44 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) has launched a budget-friendly Level 2 charger priced at $699, aimed at facilitating fleet electrification. This new product is expected to lower total ownership costs and help fleets achieve emissions reduction goals. ChargePoint's comprehensive suite of products, including the CPF50 charger, offers a flexible and affordable solution for fleets transitioning to electric vehicles. The company is also focusing on innovations like 'Plug and Charge' to enhance the EV charging process.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 5:42 pm

KZR

Kezar Life Sciences (NASDAQ:KZR) has terminated its Phase 2b trial for lupus nephritis due to safety concerns and will focus on autoimmune hepatitis. The FDA placed a hold on their lupus nephritis drug after fatal events. Kezar rejected a $1.10/share acquisition offer from Concentra Biosciences, citing undervaluation. KZR stock fell 8.48% to $0.82.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 5:37 pm

AWAY

LYFT

RVER

Lyft has partnered with Cash App to offer a seamless payment option for Gen Z and Millennials, boosting its stock price. This partnership allows users to pay for rides using Cash App, enhancing convenience and flexibility.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 5:35 pm

ENVX

ETN

GEV

HON

JBLU

KTOS

PAYX

RTX

The article highlights unusual options activity in the industrials sector, focusing on nine stocks: ENVX, HON, PAYX, KTOS, RTX, JBLU, ETN, BA, and GEV. It provides details on the type of options, sentiment, expiration dates, and trade volumes.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:35 pm