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Stock Prices

MTTR

Northland Capital Markets analyst Michael Latimore downgraded Matterport (NASDAQ:MTTR) from Outperform to Market Perform and set a new price target of $5.5.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:40 pm

ADM

FTRI

FTXG

Archer-Daniels-Midland Company (ADM) shares fell after CFO Vikram Luthar announced his resignation effective September 30, 2024. Luthar, who was placed on leave in January 2024 amid an accounting probe in the Nutrition division, will remain as a non-executive employee to aid in the transition. The company recently reported Q4 FY23 revenues and adjusted EPS that missed consensus estimates. Investors can also gain exposure to ADM through ETFs like FTXG and FTRI.

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 4:32 pm

CZOO

GRPN

LKQ

In Tuesday's intraday session, notable movements were observed in the consumer discretionary sector. Cazoo Gr (CZOO) led the gainers with an 83.0% increase, while LKQ (LKQ) experienced the largest drop among the losers, declining by 14.3%. Other notable movers included Volcon (VLCN), Hibbett (HIBB), and Groupon (GRPN) with significant gains, and Mynd.ai (MYND), Secoo Holding (SECO), and Selina Hospitality (SLNA) among the losers.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:31 pm

ABEO

VNRX

In Tuesday's intraday session, several healthcare stocks experienced significant movements. VolitionRX, Palisade Bio, Kintara Therapeutics, Protagenic Therapeutics, BIMI Intl Medical, and NKGen Biotech were among the gainers, with increases ranging from 20.4% to 33.6%. Conversely, Abeona Therapeutics, Rezolute, Jaguar Health, Adlai Nortye, Sunshine Biopharma, and Portage Biotech saw declines between 12.49% and 52.3%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:31 pm

JBLU

PEGY

SHIM

In Tuesday's intraday session, notable movements were observed in the industrials sector with Shimmick, Pineapple Energy, SolarMax Technology, SES AI, Virgin Galactic Holdings, and KULR Tech Group experiencing significant gains, while Greenwave Tech Solutions, Lichen China, Caravelle International Group, JetBlue Airways, Zoomcar Holdings, and CDT Environmental saw notable declines. The movements were attributed to various market dynamics, impacting the companies' stock prices.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:31 pm

AEYE

CYN

TRSG

In Tuesday's intraday session, several information technology stocks experienced significant movements. Notable gainers included Cyngn, MMTEC, NextTrip, BIT Mining, Hitek Global, and AudioEye, with Cyngn leading the pack with a 58.2% increase. On the downside, Tungray Technologies, Prairie Operating, Kopin, ARB IOT Group, Strong Global, and Nano Labs saw declines, with Tungray Technologies experiencing the largest drop of 27.5%. AudioEye's rise was attributed to its Q1 earnings report release.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:31 pm

KKR

German media company Axel Springer, owner of Insider and Politico, is reportedly considering acquiring The Wall Street Journal to expand its U.S. presence. This ambition aligns with CEO Mathias Döpfner's growth plans in the U.S. amidst the evolving role of AI in journalism. The company's expansion efforts are also aimed at enhancing returns for its largest shareholder, KKR & Co. However, a conflict with investor Bill Ackman over Insider's coverage could divert resources, potentially affecting growth. Axel Springer's past political engagements, including relationships with figures from the Trump administration, highlight its complex position in U.S. media politics.

Portfolio Pulse from Chris Katje

April 23, 2024 | 4:31 pm

FXI

JPM

SPY

JPMorgan CEO Jamie Dimon, speaking at the Economic Club of New York, described the current geopolitical situation as the most complicated and dangerous since World War II, highlighting the complexity of the U.S.-China relationship. He mentioned the possibility of stagflation reoccurring but also noted that the U.S. economy is currently booming.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:25 pm

ABEO

CYN

JBLU

LKQ

OPRT

PALI

U.S. stocks traded higher with the Dow Jones gaining over 200 points. Cyngn Inc. surged 70% after announcing a supply agreement with John Deere. Oportun Financial and Palisade Bio also saw significant gains following positive announcements. Conversely, JetBlue Airways, Abeona Therapeutics, and LKQ Corporation experienced notable declines due to disappointing financial results and outlooks. The S&P Global services PMI fell to 50.9, missing estimates and indicating a slowdown in service sector growth.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 4:21 pm

NCI

Shares of Neo-Concept International Group (NCI) have resumed trading. This follows a temporary suspension, details of which were not provided in the article. Investors and market watchers are closely monitoring the stock as trading activities restart.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:20 pm