Streetbeat News

Stock Prices

JPM

JPMorgan Chase CEO Jamie Dimon sold 821,778 shares of JPM stock on Feb. 22 for a total of $150M, as part of a prearranged Rule 10b5-1 plan announced in October. This marks Dimon's first stock sale since becoming CEO, aimed at financial diversification and tax planning, with no further sales planned beyond the one million shares announced. Despite the sale, JPM shares rose 0.4% to $183.95, reflecting strong company prospects and possibly the pre-announcement softening the impact.

Portfolio Pulse from Chris Katje

February 23, 2024 | 7:11 pm

OLED

Universal Display shares are trading lower after the company reported mixed results for its Q4 earnings, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:11 pm

COLD

Americold Realty Trust's shares are trading lower after the company reported its Q4 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:10 pm

EXFY

Expensify's stock price increased following the announcement of their Q4 adjusted EPS results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:09 pm

MRVI

Maravai LifeSciences Holdings Inc (NASDAQ:MRVI) reported Q4 2023 revenue of $74.1 million, surpassing the consensus of $64.38 million, and introduced a 2024 revenue guidance range of $265.0 million to $285.0 million, above expectations. Despite a net loss of $(110.0) million due to a valuation adjustment, the adjusted EBITDA margin was 28%. The adjusted EPS of $0.01 exceeded the estimated $(0.01) loss. William Blair remains optimistic, reiterating an Outperform rating, as MRVI shares surged 60.8% to $8.22.

Portfolio Pulse from Vandana Singh

February 23, 2024 | 7:07 pm

AXTI

MELI

SQNS

MercadoLibre, Inc. (MELI) shares fell by 9.6% after reporting Q4 financial results with earnings per share of $3.25, unchanged from last year, but beating sales estimates. Other stocks showed significant movement, with AXT, Inc. (AXTI) and Maravai LifeSciences Holdings, Inc. (MRVI) among the top gainers, while Sequans Communications S.A. (SQNS) and Smith Micro Software, Inc. (SMSI) led the losers.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:07 pm

BTCUSD

Bitcoin's price is experiencing a stall after a month-long rally, currently trading at $51,100 with a 1.5% decrease on the day and a 1.7% weekly loss. This comes after a previous 10% weekly gain, with Bitcoin hovering around the $1 trillion market cap. JPMorgan's research indicates a decrease in the Bitcoin ETF price-to-flow correlation, and the top 10 Bitcoin ETFs saw a two-week low in inflows. Grayscale's Bitcoin Trust also experienced significant outflows. Analysts and traders are divided on whether Bitcoin will reach $55,000 or $45,000 next, amidst mixed sentiments from figures like Donald Trump and criticism from the European Central Bank.

Portfolio Pulse from Khyathi Dalal

February 23, 2024 | 7:06 pm

BCOV

Brightcove's stock trades lower following Q4 financial results and FY24 guidance below expectations. Rosenblatt and Lake Street adjusted their price targets and ratings, indicating a bearish outlook.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:04 pm

HBARUSD

Hedera (CRYPTO: HBAR) experienced a 5.94% decrease in price over the last 24 hours, now at $0.11, contrasting its 30% gain over the past week. Trading volume surged by 203%, with the circulating supply now at 33.68 billion, 67.36% of its max. Its market cap ranks #30 at $3.70 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 7:02 pm

ICPUSD

Internet Computer's (CRYPTO: ICP) price has decreased by 4.56% over the past 24 hours to $12.43, continuing a weekly downward trend of -4.0%. The trading volume for ICP has fallen by 12.0% over the past week, while the circulating supply increased by 0.09%, bringing it to 459.37 million. The current market cap ranking for ICP is #19 at $5.72 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 7:02 pm