Streetbeat News

Stock Prices

BCH

Bitcoin Cash (CRYPTO: BCH) is trading lower by 4% to $385.94, influenced by a pullback in Bitcoin after it hit a new all-time high. The lower liquidity of Bitcoin Cash compared to Bitcoin may lead to more significant price declines. Additionally, psychological effects from Bitcoin's new highs may cause investors to sell off altcoins like Bitcoin Cash.

Portfolio Pulse from Henry Khederian

March 18, 2024 | 4:29 pm

DOGZ

Dogness shares were halted due to a circuit breaker triggered by a 19.9% drop in stock price.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:27 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) shares surged after its XR team published a report on wearable technology advancements, highlighting the smart glasses market growth and the effectiveness of its Mudra Band. The stock experienced heavy trading, with over 30 million shares traded, significantly above its 100-day average. The report's positive reception and the high trading volume indicate strong investor interest.

Portfolio Pulse from Erica Kollmann

March 18, 2024 | 4:26 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) shares surged after receiving necessary stockholder approvals for its merger with Firefly Neuroscience, Inc. The merger, expected to complete in Q2 2024, will see the combined entity operate under Firefly Neuroscience, Inc. and trade on the Nasdaq. WaveDancer's stock has seen significant fluctuations, with a 40.41% decrease over the past year but a 68.35% increase over the past month. The stock is currently considered overbought with an RSI of 85.69.

Portfolio Pulse from Erica Kollmann

March 18, 2024 | 4:25 pm

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares are trading lower today, following a pullback after a surge on Friday due to better-than-expected fourth-quarter earnings. The company reported a Q4 revenue of $244.74 million and earnings of 87 cents per share, surpassing estimates. Marketplace GMV, active third-party sellers, active buyers, and spend per active buyer all saw significant increases. CEO Larry Wu highlighted the quarter as a historic revenue peak and a step forward in global expansion, partly due to the integration of Noble House and Wondersign. GigaCloud has provided a Q1 revenue guidance of $230 million to $240 million, above estimates.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 4:22 pm

GOEV

SOND

SWIN

VERB

WKSP

WLDS

U.S. stocks traded higher with the Dow, NASDAQ, and S&P 500 all seeing gains. The NAHB/Wells Fargo Housing Market Index rose to 51 in March, indicating a positive outlook for the housing market. Canoo Inc. (GOEV) surged 53% after its Oklahoma City facility was approved as a Foreign Trade Zone. Wearable Devices Ltd. (WLDS) and Verb Technology Company, Inc. (VERB) also saw significant gains. Conversely, Solowin Holdings (SWIN), Sonder Holdings Inc. (SOND), and Worksport Ltd. (WKSP) experienced notable declines.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 4:20 pm

AAPL

GOOG

GOOGL

Apple Inc is in discussions with Alphabet Inc to integrate Google's Gemini AI engine into the iPhone, potentially leading to incremental hardware features in 2025. BofA Securities analyst Wamsi Mohan maintains a Buy rating and a $225 price target for Apple, citing a potential 'multi-year upgrade cycle' and improved gross margins. The collaboration could involve a licensing deal, with considerations on whether to use a cloud-based model or an on-device option. Apple's shares rose by 1.61% to $175.41.

Portfolio Pulse from Priya Nigam

March 18, 2024 | 4:20 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The options scanner revealed 66 extraordinary activities, with a split sentiment of 51% bullish and 48% bearish. Notable trades include calls and puts with strike prices ranging from $140 to $290. AMD's current trading volume is 32,199,324, with a slight price increase of 0.37% to $191.76. Analyst ratings over the past month suggest an average target price of $214, with varying recommendations from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:16 pm

SQ

Recent options trading activity for Block (NYSE:SQ) shows a predominantly bearish sentiment among investors, with 70% of detected trades being bearish. The trading volume and open interest analysis indicate a price target range of $45.0 to $100.0 for Block. The company's current market position is stable with a slight increase in stock price to $80.4, though it may be approaching overbought territory. Analysts have mixed opinions, with price targets ranging from $78 to $100, reflecting a cautiously optimistic outlook.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:15 pm

CSGP

CoStar Group's stock price increased following price target upgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:14 pm