Streetbeat News

Stock Prices

AAPL

Apple's stock price has declined following the imposition of an EU antitrust fine related to its music streaming practices.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:59 pm

ENCP

Energem shares are trading higher following an announcement from its merger partner about accelerating the timeline for a new manufacturing plant in Malaysia. This development is seen as a positive move for Energem, potentially boosting its future revenue and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:47 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen a bullish trend in options trading, with 56% of investors showing bullish expectations. The trading volume and open interest suggest a price range of $32.5 to $75.0 for AFRM. The stock is currently trading at $38.76, up 1.97%, with a neutral RSI. Analysts have mixed opinions, with target prices ranging from $16 to $50. Options trading offers higher profit potential but comes with higher risk.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:47 pm

CHTR

Charter Communications (NASDAQ:CHTR) has seen a notable options trading activity, with a bullish sentiment prevailing among financial giants. Analysis of 17 unusual trades showed 58% bullish and 41% bearish tendencies. The trades included 8 puts valued at $444,695 and 9 calls valued at $681,351, indicating expectations of CHTR's price movement between $250.0 and $410.0. The most significant options trades were identified, with varying sentiments and strike prices around $280.0 to $285.0. Charter Communications, a major U.S. cable company, is currently trading at $294.0 with a neutral RSI indicator. Analyst ratings for CHTR vary, with a consensus target price of $395.4, but opinions range from Buy to Neutral, with target prices between $335 and $472.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:47 pm

AVDL

JAZZ

Avadel Pharmaceuticals' shares surged after a favorable jury ruling in its patent litigation against Jazz Pharmaceuticals in the United States District Court for the District of Delaware.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:46 pm

TSM

Taiwan Semiconductor Manufacturing (TSM) shares are experiencing an increase in value due to the ongoing strength in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:40 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has exercised its option to increase energy resources by an additional 50 MW at the Nautilus facility in Pennsylvania, doubling its bitcoin mining capacity to 100 MW. This expansion, expected to be operational in 2025, will benefit from zero-carbon power at a fixed rate of 2.0 cents per kilowatt-hour. The company highlights the value of its Lake Mariner facility in NY with over 300 MW of available capacity and its position for success post-bitcoin halving due to its low cost of power.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:38 pm

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) shares are tumbling due to the announcement of material weaknesses in its internal controls, a CEO replacement, and a Moody's downgrade to B3. The downgrade was influenced by delayed financial reporting, leadership changes, and fourth-quarter losses. NYCB shares have fallen significantly over the past year and month, with a current RSI indicating oversold conditions.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 8:37 pm

COIN

Coinbase (NASDAQ:COIN) experienced its second connectivity issue in less than a week amid a Bitcoin price surge, with users reporting zero balances. The company assured users that assets are safe and trading is not impacted, attributing the problem to increased latency and promising updates soon. The crypto community reacted with mixed sentiments, highlighting the exchange's challenges during high trading volumes.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 8:34 pm

CNTB

Connect Biopharma Holdings' stock (CNTB) is trading higher following a Buy rating initiation and a $7 price target from HC Wainwright & Co.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:31 pm