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Stock Prices

XELB

Xcel Brands' stock price has declined following the announcement of a $2.42 million public offering of common stock and a concurrent private placement.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:07 pm

BYDDY

GELYY

STLA

Mercedes-Benz CEO Ola Källenius has called for the European Union to lower tariffs on Chinese electric vehicles (EVs) amid a European Commission investigation into Chinese automotive subsidies. Källenius argues that reducing tariffs would foster competition, enhancing European car quality. The investigation focuses on whether Chinese subsidies allow their carmakers, like BYD and Geely, to undercut European manufacturers. Stellantis and Renault, facing competition from Chinese EVs, have different views, with Stellantis expressing concerns over the threat from Chinese vehicles.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:07 pm

ALB

PILBF

XOM

Pilbara Minerals (OTCPK: PILBF) accepts a pre-auction offer for lithium spodumene concentrate, signaling a potential turnaround in the lithium market. The company also signs a significant agreement with Sichuan Yahua Industrial Group, moving away from its auction model. Meanwhile, Albemarle (NYSE:ALB) plans to auction some of its lithium, and an Argentine court suspends new mining permits in a key lithium-producing area, potentially affecting supply. Exxon Mobil (NYSE:XOM) explores Direct Lithium Extraction, indicating interest in more environmentally friendly lithium mining technologies.

Portfolio Pulse from Stjepan Kalinic

March 15, 2024 | 1:07 pm

CDLX

GETY

MCHX

In Friday's pre-market session, several Communication Services stocks showed significant movement. Cardlytics and Getty Images Holdings reported Q4 earnings, leading to a 48.3% and 6.79% increase in their stock prices, respectively. Conversely, Marchex, Kuke Music Hldg, Gaxos.AI, Cheer Holding, Baosheng Media Gr, and Grom Social Enterprises saw declines following their earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

BTTX

LSDI

MDGL

SLS

In Friday's pre-market session, several healthcare stocks showed significant movement. Better Therapeutics (BTTX) led the gainers with an 85.4% increase, while SELLAS Life Sciences Gr (SLS) experienced the largest drop among the losers, decreasing by 33.5%. Other notable movers include Madrigal Pharmaceuticals (MDGL) with a 22.34% increase and Lucy Scientific Discovery (LSDI) with a 25.53% decrease. The movements were attributed to various factors including quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

CISS

JTAI

SMR

STI

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Jet AI, Solidion Technology, and American Rebel Holdings were among the top gainers, with Jet AI leading at a 57.3% increase. On the downside, C3is experienced a significant drop of 66.2%, followed by Babcock & Wilcox and NuScale Power due to their Q4 earnings reports. Other stocks such as Desktop Metal, Li-Cycle Holdings, voxeljet, Gaucho Group Holdings, ShiftPixy, and OceanPal also saw movements.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

ADBE

EVCM

VERB

In Friday's pre-market session, several information technology stocks showed significant movement. Verb Tech, Movano, Soluna Holdings, MultiSensor AI Holdings, and Blend Labs were among the gainers, with Verb Tech leading with a 181.5% increase. On the downside, EverCommerce, Kopin, PagerDuty, Adobe, Smartsheet, and Jabil experienced declines, with EverCommerce leading the losses at 16.6%. The movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

GLW

HPE

MEI

Wall Street's most accurate analysts have provided updates on three high-dividend yielding tech stocks: Methode Electronics (MEI), Hewlett Packard Enterprise (HPE), and Corning Incorporated (GLW). MEI was downgraded due to poor Q3 results and suspended guidance. HPE was downgraded following disappointing Q1 revenue and weak FY24 EPS guidance. GLW received mixed reviews but posted better-than-expected quarterly sales.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 1:05 pm

SHIP

Seanergy Maritime Holdings (NASDAQ:SHIP) reported Q4 earnings, surpassing estimated earnings by 123% with an EPS of $0.58 against an estimate of $0.26. Revenue increased by $10.90 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 1.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:05 pm

JAN

JanOne Inc. has successfully regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:03 pm