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DGHI

Digihost Technology Inc. (DGHI) reported a 60% increase in its cash and cryptocurrency holdings in March 2024, reaching $6.2 million, up from $3.9 million in January 2024. Despite a 2% decrease in daily BTC mining and a 5% increase in BTC mining difficulty, the company mined approximately 91 BTC in March. The increase in holdings is attributed to the rise in cryptocurrency prices, with BTC valued at $71,200 by the end of March.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:17 am

CRT

SOC

Two energy stocks, Sable Offshore Corp. (SOC) and Cross Timbers Royalty Trust (CRT), are highlighted as oversold according to their RSI values, indicating a potential buying opportunity. SOC's stock fell about 10% over the past month, with an RSI of 29.40, while CRT announced a cash distribution and saw a 24% decline in its stock, with an RSI of 28.10.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:16 am

AGFY

COMM

RZLT

Insiders at Agrify, CommScope Holding, and Rezolute have recently made significant stock purchases, signaling potential confidence in their companies' futures. Agrify's CEO acquired shares following a sales order announcement, CommScope's CFO bought shares amid a price target reduction, and Rezolute's CMO purchased shares after reporting a narrower quarterly loss.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:16 am

MITQ

Moving iMage Technologies (MITQ) has launched a new stock repurchase program, authorizing the repurchase of up to $363,000 worth of shares by June 30, 2024. This program replaces the previous $1.0 million share repurchase program that expired on March 23, 2024. Under the previous program, MITQ repurchased approximately 6.3% of its total shares outstanding for $637,000. The company has also established a 10b5-1 stock trading plan to facilitate repurchases during blackout periods, effectively increasing the annual repurchase window from 90 to 250 days.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:10 am

NIO

NIO Inc (NYSE:NIO) shares are up in premarket trading after reporting a 14.3% year-over-year increase in March deliveries, totaling 11,866 vehicles. This surpasses their Q1 2024 delivery outlook of 30,000 vehicles, slightly above the revised forecast but below the initial range of 31,000 to 33,000. Despite a Q/Q slump in Q4 vehicle deliveries and revenue, a partnership with CATL for longer-life batteries could signal future cost reductions.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 11:10 am

GES

Guess? Inc. has seen its shares trading higher following the announcement that its board has authorized a new $200 million share repurchase program. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors that the stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:09 am

GES

The board of Guess? has authorized a new $200 million share repurchase program, signaling confidence in the company's financial health and future prospects. This move is likely to be viewed positively by investors as it often indicates a belief by the company's management that its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:08 am

DJT

Trump Media & Technology Group Corp. shares are experiencing a decrease in value due to market volatility after the company's recent debut on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:08 am

TSLA

Tesla's Chief Designer, Franz von Holzhausen, and his team provided demo drives of the company's full self-driving (FSD) features at the Marina Del Rey delivery center, following CEO Elon Musk's directive to showcase the driver-assist features to customers. This initiative, including free FSD trials for U.S. Tesla owners who hadn't purchased it, aims to increase adoption of the software, which is expected to achieve full autonomy in the near future.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 11:07 am

MCAFU

Trading for MCAFU was halted at 7:07:40 a.m. ET due to pending news. The halt is a temporary measure awaiting a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:07 am