Streetbeat News

Stock Prices

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares fell after reporting a 13% decline in net revenue for Q1, driven by divested businesses. Despite a 20% increase in Canada medical cannabis net revenue, overall Canada cannabis revenue decreased by 6%. International markets saw a 1% decline. The stock is trading below its 50-day moving average, with 14.09% of shares sold short. Analysts have an average 12-month price target of $2, suggesting potential downside.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 1:27 pm

SUZ

Suzano shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:26 pm

BITF

Bitfarms Ltd. (NASDAQ:BITF) shares are flat after a 22% gain following its Q2 earnings release. The company reported a loss of 7 cents per share, beating estimates by 30%, and revenue of $41.548 million, down 16% sequentially. Gross mining profit and margin also declined. Bitfarms averaged 6.7 bitcoin per day in production and increased its hashrate to 11.1 EH/s. The company holds $195 million in liquidity and 1,016 bitcoins. Shares are trading below the 50-day moving average, with 23.5% of shares sold short.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 1:25 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ: ZCAR) has launched its first Fulfillment Center in Chennai and plans to add over 100 centers and 1000 cars by December 2024. These centers, operated by third-party service providers, aim to enhance guest experiences and manage car listings for hosts.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:21 pm

AAPL

ASTS

INTC

LOT

MADE

NVDA

PLTR

TSLA

TSM

WAY

The top 10 trending stocks on WallStreetBets as of August 9, 2024, include NVDA, WAY, MADE, LOT, ASTS, INTC, TSLA, PLTR, TSM, and AAPL, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:20 pm

TLS

Telos shares are trading lower after the company issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:19 pm

BLZE

Backblaze shares are trading higher after the company reported better-than-expected Q2 financial results and issued strong guidance.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:18 pm

TRVN

Trevena shares are trading lower following a year-over-year decrease in Q2 revenue results and the announcement of a 1-for-25 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:18 pm

TACT

TransAct Technologies shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:17 pm

ALKT

Alkami Technology shares are trading lower following the announcement of a secondary offering of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:16 pm