Streetbeat News

Stock Prices

ETH-USD

A major Ethereum investor lost over $4.5 million in two failed attempts to leverage ETH, selling $33 million worth of ETH to settle the debt. Other whales are accumulating Ethereum, with significant withdrawals from Binance and OKX. The crypto market's volatility is influenced by geopolitical tensions, but Ethereum's ecosystem growth, highlighted by Puffer Finance's valuation, suggests confidence in its long-term potential.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:18 pm

AGFY

NMHI

Nature's Miracle Holding Inc. (NASDAQ:NMHI) has announced a merger with Agrify Corporation (NASDAQ:AGFY), where NMHI will acquire all outstanding shares of AGFY. The deal values AGFY's equity at $6.35 million, with Agrify shareholders receiving approximately 0.45 of a NMHI share for each AGFY share. The merger is expected to enhance Nature's Miracle's revenue streams through Agrify's SaaS and AI technology, particularly in cannabis extraction. The transaction is anticipated to close within six months, pending due diligence, shareholder approval, and customary closing conditions. Agrify's stock surged 41.0816% to $0.4200 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

April 17, 2024 | 2:17 pm

CLSK

GBTC

IBIT

MARA

RIOT

Spot Bitcoin ETFs experienced a net outflow of $58.03 million in a single day, with the Grayscale Bitcoin Trust (GBTC) seeing the largest outflow of $79.38 million. In contrast, BlackRock's iShares Bitcoin Trust (IBIT) reported a net inflow of $25.78 million. Amid these shifts, Bitcoin mining companies like Marathon Digital Holdings Inc. (MARA), Riot Platforms Inc. (RIOT), and CleanSpark Inc. (CLSK) faced share price declines, influenced by Bitcoin halving and geopolitical tensions.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:16 pm

EDBL

Trading of Edible Garden shares, symbol EDBL, has resumed after a temporary halt. This news is crucial for investors tracking the performance and stock price movements of EDBL.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:11 pm

TPET

On April 16, 2024, Trio Petroleum Corp. (TPET) entered into a securities purchase agreement with an institutional investor for $360,000, resulting in net proceeds of $310,000 after expenses. The deal included issuing 750,000 shares of common stock and granting the investor piggy-back registration rights and the right to participate in future financings. The company is also planning a reverse stock split to maintain NYSE American listing.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:11 pm

DFS

Discover Financial Services (NYSE:DFS) is set to release its Q1 earnings on April 17, 2024, with analysts forecasting a decrease in EPS to $2.95 from $3.58 year-over-year, but an increase in revenue to $4.07 billion from $3.67 billion. The company recently partnered with Google Cloud to integrate generative AI in customer care. Shares dropped 1.4% to $119.57. Analysts have updated their ratings, with price targets ranging from $104 to $168.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 2:08 pm

ABT

EDBL

INVO

IZM

SBFM

TPET

VIAO

U.S. stocks saw gains with the Dow Jones rising by 200 points, driven by positive earnings reports from Abbott Laboratories (NYSE:ABT), which exceeded expectations. Abbott Laboratories reported first-quarter sales of $9.96 billion, a 10.8% increase on an organic basis, and adjusted EPS of 98 cents, surpassing analyst estimates. Other notable movements included significant surges in shares of INVO, EDBL, and VIAO, while IZM, SBFM, and TPET experienced sharp declines.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 2:07 pm

EDBL

Edible Garden's stock was halted due to a circuit breaker trigger after surging 144.2%, indicating a significant upward movement in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:06 pm

AGFY

NMHI

Agrify Corporation (AGFY) stock soared following the announcement of its acquisition by Nature's Miracle Holding Inc. (NMHI). Nature's Miracle will acquire all outstanding shares of Agrify, with Agrify shareholders receiving approximately 0.45 of a Nature's Miracle share for each Agrify share. The deal values AGFY equity at $6.35 million or $0.4185 per share. This acquisition is expected to enhance revenue streams for Nature's Miracle through Agrify's SaaS and AI technology, while Agrify benefits from Nature's advanced horticultural and cultivation lighting technologies. Post-merger, Agrify's CEO, Raymond Chang, will become President of the Agrify division at Nature's Miracle and join its board. The transaction, expected to close within six months, has led to a 27.6% increase in AGFY's stock price to $0.38.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 2:04 pm

EDBL

Edible Garden shares are trading higher following the announcement of a year-over-year increase in preliminary Q1 revenues.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:03 pm