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Stock Prices

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a positive trend in its stock price for the second consecutive session, with a notable increase of 6.2% to $16.11 on Thursday and a further rise of 3.91% to $16.74 in premarket trading on Friday. This momentum is supported by the introduction of two new entry-level battery options for its R1T and R1S models, which not only expand the product range but also lower the entry price by $3,100. Additionally, the potential for a federal tax credit of $3,750 could further incentivize purchases. Rivian is also generating excitement with its upcoming quarterly results announcement on Feb. 21 and the launch of its second-gen vehicle, the R2, on Mar. 7.

Portfolio Pulse from Shanthi Rexaline

February 09, 2024 | 1:10 pm

CTRM

ILAG

PCTY

SUNW

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Intelligent Living, Sunworks, and Jet AI experienced substantial gains, while Roma Green Finance, Paylocity Holding, and Greenwave Tech Solutions saw notable declines. Paylocity's drop was attributed to its Q2 earnings report, and Castor Maritime's decline followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

EXPE

GSUN

PLCE

In Friday's pre-market session, there were notable movements in the consumer discretionary sector. Golden Sun Health (GSUN) led the gainers with a 34.0% increase, while Children's Place (PLCE) experienced the largest drop among the losers, falling 48.9%. Expedia Group (EXPE) also saw a significant decline of 15.36% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

BTAI

NSTG

SYBX

In Friday's pre-market session, several healthcare stocks showed significant movement. NanoString Technologies, TC BioPharm, OKYO Pharma, Corvus Pharma, CytoMed Therapeutics, and Ontrak were among the gainers, with NanoString Technologies leading with a 26.9% increase. Conversely, Synlogic, BioXcel Therapeutics, Evoke Pharma, Syra Health, Inspire Veterinary, and Design Therapeutics were the losers, with Synlogic experiencing the largest drop of 52.2%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

CAMP

EMKR

NET

PXLW

In Friday's pre-market session, several Information Technology stocks showed significant movement. CalAmp, NOVONIX, Cloudflare, Cleanspark, BTC Digital, and Iris Energy were among the gainers, with increases ranging from 15.49% to 24.3%. On the losing side, EMCORE, MicroCloud Hologram, Addvantage Technologies, UTime, Pixelworks, and Lantronix saw declines between 9.3% and 26.9%. Notably, Cloudflare, Cleanspark, EMCORE, Pixelworks, and Lantronix had recent earnings releases influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

CTLT

Catalent (NYSE:CTLT) reported a Q2 adjusted EPS of $(0.24), missing the $(0.02) estimate by 1100%, and a 135.82% decrease from last year's $0.67 EPS. Sales were $1.03B, beating the $1.01B estimate by 2.18%, but down 10.18% from last year's $1.15B.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:04 pm

PEP

PepsiCo, Inc. (NASDAQ:PEP) reported Q4 FY23 sales of $27.85 billion, missing analyst estimates of $28.40 billion, leading to a premarket share price drop. Despite a sales decline of 0.5% YoY, adjusted EPS of $1.78 beat expectations. Operating profits in key segments fell significantly. The company announced a 7% dividend increase and expects a 4% rise in organic revenue and an 8% increase in core constant currency EPS for 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 1:04 pm

BILL

Four analysts have recently updated their ratings on BILL Holdings (NYSE:BILL), showing a mix of bullish and somewhat bullish sentiments, with an average 12-month price target of $91.25. The company's financial performance indicates strong revenue growth but challenges in profitability and asset utilization. BILL Holdings specializes in cloud-based payments and spend management products, with a market capitalization below industry averages and a notable revenue growth rate of 32.65% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:00 pm

SSL

Sasol anticipates a challenging macro-economic environment ahead, characterized by weaker oil and petrochemical prices, fluctuating product demand, and persistent inflationary cost pressures. This outlook reflects the company's expectations for the near future, impacting its financial performance and strategic planning.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:58 pm

EGOX

NET

SYBX

Cloudflare, Inc. (NYSE:NET) shares surged over 25% in pre-market trading after reporting Q4 financial results that exceeded expectations and providing optimistic guidance for 2024. Other stocks also showed significant movement in pre-market trading, with notable gainers including Next.e.GO N.V. (NASDAQ:EGOX) and losers like Synlogic, Inc. (NASDAQ:SYBX).

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 12:52 pm