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Stock Prices

PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped after announcing an at-the-market offering of up to $1 billion. The company's stock had already reached new 52-week lows following a 'going concern' warning in its third-quarter results. A business update is scheduled for January 23, where CEO Andy Marsh and CFO Paul Middleton will address business operations and field questions. PLUG's stock fell 10.03% to close at $2.74 on Wednesday and declined an additional 14.81% after hours to $2.33.

Portfolio Pulse from Adam Eckert

January 17, 2024 | 10:28 pm

BTU

ELF

Peabody Energy (BTU) will replace e.l.f. Beauty (ELF) in the S&P SmallCap 600 index before the market opens on January 23. This change may affect the stock prices of both companies due to index fund rebalancing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:25 pm

ELF

SRC

e.l.f. Beauty (ELF) is set to replace Spirit Realty Capital (SRC) in the S&P MidCap 400 index before the market opens on January 23. This change could influence the stock prices of both companies as index funds reallocate their portfolios to reflect the updated composition of the MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:23 pm

DFS

Discover Financial Services (NYSE:DFS) reported Q4 earnings of $1.54 per share, missing estimates of $2.52 and down 58% from last year. Revenue was $4.196 billion, exceeding estimates and up 13% year-over-year. Total loans grew by 15%, but the net charge-off rate increased to 4.11% from 2.13% last year. The provision for credit losses rose by $1 billion year-over-year to $1.9 billion. Despite these challenges, interim CEO John Owen highlighted strong asset and deposit growth, a resilient net interest margin, and the launch of a new product, Cashback Debit. After the report, DFS shares dropped 6.20% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 17, 2024 | 10:15 pm

SNV

Synovus Financial Corp. (SNV) reported Q4 adjusted earnings of $0.80 per share, missing the consensus estimate of $0.90 by 11.11%. Year-over-year, earnings decreased by 40.74% from $1.35 per share. Quarterly sales were $488.68M, falling short of the $516.58M estimate by 5.40%, and representing a 19.06% decrease from the previous year's $603.78M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:13 pm

AAPL

DIS

MASI

Bob Chapek, former CEO of The Walt Disney Company, has joined the Board of Directors at Masimo, a medical technology company currently in a patent battle with Apple Inc. Chapek's experience at Disney, particularly in consumer products and technology, is expected to aid Masimo's growth and their 'hospital to home' strategy. Masimo recently won a patent case against Apple, leading to a ban on certain Apple Watch models, which could impact Apple's sales significantly.

Portfolio Pulse from Chris Katje

January 17, 2024 | 10:12 pm

AA

Alcoa Corp's stock is trading lower after the company reported mixed results for the fourth quarter, along with a 1% sequential decrease in alumina production.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:10 pm

QMCO

Quantum Corporation has announced a plan to regain compliance with Nasdaq listing requirements. The company also indicated that its quarterly report for the third fiscal quarter (10-Q) will be delayed. Quantum expects to receive an extension of up to 180 days from the original due date to regain compliance, which would extend the deadline to May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:10 pm

BONKUSD

MYROUSD

SHIBUSD

SOLUSD

WIFUSD

Dogwifhat (WIF), a memecoin on the Solana blockchain, has seen a 54% daily gain, reaching a market capitalization of $400 million. This surge has sparked discussions among traders about the potential for WIF to surpass the market capitalization of Shiba Inu (SHIB). Dogwifhat's performance outshined other Solana-based memecoins like Myro (MYRO) and Bonk (BONK), with a significant daily trading volume of $24 million. Traders are setting high price targets for WIF, similar to past targets for Dogecoin (DOGE) and SHIB, but the reliability of such predictions is questionable.

Portfolio Pulse from Ivan Crnogatić

January 17, 2024 | 10:04 pm

HTZ

Hertz Global's stock is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, despite a reduction in the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:50 pm