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Stock Prices

RR

Shares of Richtech Robotics were halted due to a circuit breaker after plummeting by 37.8%. Circuit breakers are designed to prevent stocks from crashing by temporarily stopping trading after a significant drop in stock prices.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:58 pm

RR

Richtech Robotics shares resumed trading after being halted due to a circuit breaker trigger. The halt was likely a response to a significant price movement or volatility in the stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:58 pm

SPRC

SciSparc's stock price is up following the announcement of a $20 million standby equity purchase agreement, which could provide the company with capital to fund operations or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:57 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) stock surged after announcing a standby equity purchase agreement with YA II PN, Ltd., managed by Yorkville Advisors Global, LP. The agreement allows YA to purchase up to $20 million of SciSparc's shares over 36 months at a 3% discount, with a cap of 4.99% ownership. SciSparc can sell shares at its discretion for working capital and general corporate purposes. The company's stock rose 61.3% to $5.58 following the news.

Portfolio Pulse from Erica Kollmann

January 24, 2024 | 3:54 pm

NFLX

ROKU

Roku Inc (NASDAQ:ROKU) experienced volatility after Netflix Inc (NASDAQ:NFLX) reported Q4 results. Netflix's revenue beat estimates but earnings per share fell short. Netflix's growth in subscribers and plans to expand its ad-supported tier could benefit Roku, which thrives on advertising trends and partnerships with streaming companies. Roku's stock saw an initial rise but pulled back, with a slight gain by publication time. Roku is set to report Q4 results in early February.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 3:53 pm

SUGP

SU Group shares have resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:51 pm

MAT

Stifel analyst Drew Crum has maintained a Buy rating on Mattel (NASDAQ:MAT) but has reduced the price target from $26 to $23 as reported on January 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:49 pm

NFLX

BMO Capital analyst Brian Pitz has maintained an Outperform rating on Netflix (NASDAQ:NFLX) and increased the price target from $566 to $638.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:49 pm

EDU

New Oriental Education & Technology Group, Inc. (NYSE:EDU) reported Q2 revenue of $869.60 million, a 36.3% increase year over year, surpassing analyst expectations of $814.07 million. The growth was attributed to new business initiatives and e-commerce. Adjusted net income per ADS was $0.29, matching consensus. Operating income turned positive at $21.3 million, and non-GAAP operating margin improved to 5.9%. The company expanded its number of schools and learning centers and saw strong growth in overseas test preparation and consulting businesses. Operating cash flow was positive at $300.6 million, with cash reserves totaling $4.8 billion. The Q3 revenue outlook is set between $1.071 billion and $1.093 billion, well above the analyst consensus of $935.92 million. EDU shares rose 7.7% to $77.57.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 3:49 pm

SUGP

Shares of SU Group were halted due to a circuit breaker being triggered as the stock price moved sharply to the downside. This mechanism is designed to prevent free-falls in stock prices by temporarily stopping trading.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:48 pm