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Stock Prices

RKT

Rocket Companies, Inc. (NYSE:RKT) shares dropped after March's Consumer Price Index (CPI) data indicated higher-than-expected inflation, leading to speculation that the Federal Reserve will maintain higher interest rates for an extended period. The CPI data showed a 3.5% year-over-year increase, slightly above the 3.4% forecast. This has raised concerns about potential higher mortgage rates, negatively impacting home buyers and possibly affecting Rocket Companies' business, especially after the introduction of its 'Rocket Logic' AI technology platform aimed at streamlining the mortgage process.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:51 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) introduced enhanced safety features aimed at empowering women passengers by making it easier to use in-app safety tools, especially at night. This move comes amid rising concerns over passenger safety, with a significant percentage of women feeling unsafe at night. The new features allow users to customize their safety preferences, such as automatically turning on up to four safety tools based on time or location. These updates are now available in the U.S., Canada, and Latin America, with plans to expand to more countries. Despite these improvements, Uber's stock traded lower by 1.05% to $74.35. The company has faced criticism in the past for its handling of reported assaults by drivers but reported a decline in severe sexual assault reports in recent years.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:49 pm

DJT

Trump Media & Technology Group's shares are experiencing a downturn due to ongoing volatility after its Nasdaq debut, with the company forecasting operating losses for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:38 pm

APCX

AppTech Payments Corp's CTO, Mehrak Hamzeh, discusses the role of AI in fraud prevention and the company's future in fintech. AppTech, leveraging AI, aims to detect unusual activities and flag fraud, enhancing transaction security. The company is expanding its global fintech platform, introducing InstaCash, and targeting exponential growth by integrating banking and payment solutions with lower fees. AppTech's strategy includes acquiring patent portfolios and forming partnerships across various sectors, aiming to onboard 100 companies in the next 24 months.

Portfolio Pulse from Renato Capelj

April 10, 2024 | 4:32 pm

FFIE

IRBT

RENT

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Rent the Runway (RENT) led the gainers with a 38.8% increase following their Q4 earnings release. Other notable gainers included Selina Hospitality (SLNA), Color Star Tech (ADD), Cazoo Gr (CZOO), U Power (UCAR), and Dogness (Intl) (DOGZ). On the losing end, Faraday Future (FFIE) saw the largest decline, followed by REE Automotive (REE), iRobot (IRBT), Revolve Gr (RVLV), and Luminar Technologies (LAZR).

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

ACOR

ADIL

BSGM

JAGX

ORGS

TELO

In Wednesday's intraday session, several healthcare stocks experienced significant movements. Adial Pharmaceuticals led the gainers with a 61.6% increase, while Acorda Therapeutics headed the losers with a 20.4% decrease. Other notable movers included Jaguar Health, Orgenesis, BioSig Technologies, and Telomir Pharmaceuticals on the gainers' side, and Kineta, DocGo, Biophytis, Yield10 Bioscience, and Eyenovia among the losers.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

KITT

NMHI

VLD

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notable gainers included Nature's Miracle Holding, Gaucho Group Holdings, American Rebel Holdings, Erayak Power Solution Gr, NeoVolta, and ESGL Holdings, with increases ranging from 7.52% to 13.8%. On the downside, Velo3D, C3is, Nauticus Robotics, Energy Vault Holdings, Hexcel, and Complete Solaria saw declines between 11.0% and 39.8%, with Nauticus Robotics' drop attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

ASTI

IFBD

MRIN

SGH

VIAO

In Wednesday's intraday session, several Information Technology stocks experienced significant movements. Marin Software led the gainers with a 147.9% increase, while Ascent Solar Technologies saw the largest drop among the losers, decreasing by 50.5%. Other notable movers include Infobird Co and Nano Labs with substantial gains, and VIA optronics and SMART Global Holdings among the losers.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

AMZN

Wedbush analyst Scott Devitt reiterates an Outperform rating on Amazon.com (NASDAQ:AMZN) and maintains a $220 price target.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:31 pm

PTC

PTC (NASDAQ:PTC) has delivered an average annual return of 18.42% over the past 10 years, outperforming the market by 7.64% on an annualized basis. A $1000 investment in PTC a decade ago would be worth $5,494.63 today, showcasing the impact of compounded returns over time. PTC's current market capitalization stands at $21.90 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:30 pm