Streetbeat News

Stock Prices

MAGE

OPK

TGEN

VANI

Insiders are buying shares of penny stocks, indicating potential confidence in these companies. Notable transactions include purchases by insiders of Vivani Medical (VANI), Magellan Gold (MAGE), OPKO Health (OPK), and Tecogen (TGEN). Vivani Medical recently reported a wider-than-expected quarterly loss. Magellan Gold acquired copper-focused properties. OPKO Health priced a private offering of convertible senior notes. Tecogen announced an order for a Tecochill unit from an educational institution in Connecticut.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

COKE

NHTC

NOMD

Three consumer staples stocks, Coca-Cola Consolidated, Inc. (COKE), Nomad Foods Limited (NOMD), and Natural Health Trends Corp. (NHTC), are considered overbought based on their RSI values, which may signal a potential short-term decline. COKE, NOMD, and NHTC have seen recent stock gains following positive financial results and raised guidance, but their RSI values suggest they might be due for a pullback.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

DATS

MARK

MMAT

PHUN

ROI

SLDP

DatChat, Inc. (NASDAQ:DATS) shares plummeted by approximately 33% in pre-market trading due to the announcement of a proposed underwritten public offering of common stock. Other stocks experienced significant movement in pre-market trading, with some notable gainers including RiskOn International, Inc. (NASDAQ:ROI), Meta Materials Inc. (NASDAQ:MMAT), and Solid Power, Inc. (NASDAQ:SLDP), while losers included Phunware, Inc. (NASDAQ:PHUN) and Remark Holdings, Inc. (NASDAQ:MARK).

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:18 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) saw its shares decline after Mizuho downgraded the stock from Buy to Neutral and lowered the price target from $72 to $65. BofA Global Research is looking forward to PayPal's Q4 results and 2024 guidance from new leadership, maintaining a Neutral rating with a $66 price objective. Analysts expect a year-over-year decline in transaction profit growth but at a slower rate than Q3. The stock is expected to be range-bound in the short term due to valuation concerns and weak sentiment.

Portfolio Pulse from Surbhi Jain

January 17, 2024 | 1:17 pm

GSK

HLN

PFE

GSK plc has sold 300 million shares of Haleon plc, raising approximately £978 million. Post-sale, GSK's stake in Haleon is reduced to about 4.2%. Both GSK and Pfizer, which holds a 32% stake in Haleon, have agreed not to sell any more shares for 60 days. This is the third time GSK has reduced its holding in less than a year. GSK's shares saw a slight increase, while Haleon's shares dropped in the premarket session.

Portfolio Pulse from Vandana Singh

January 17, 2024 | 1:14 pm

SHOT

Safety Shot, Inc. (SHOT) clarifies that it has only acquired the Safety Shot beverage asset, not GBB Drink Lab, Inc. (GBB), contrary to FSD Pharma's claims. A federal court has refused to dismiss GBB's lawsuit against FSD Pharma for violating an NDA and allegedly attempting to steal and launch GBB's product. Safety Shot continues its national launch of a wellness beverage. FSD Pharma has been tagging SHOT's stock ticker in communications, which Safety Shot claims is an attempt to harm the company and its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:11 pm

LAZY

Lazydays (NasdaqCM: LAZY) announced a nationwide rebranding campaign, including a new visual identity, digital retail experience, and a stock symbol change to 'GORV' effective January 17, 2024. The rebranding includes new logos, colors, and fonts, and the website will feature a mobile interface and Transparency Mode for detailed pricing. The rebrand aims to make the RV lifestyle more accessible and enhance customer experience.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:08 pm

MYO

Myomo Inc. has announced its preliminary Q4 revenue to be between $4.6M and $4.8M, which is below the estimated $4.86M by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:08 pm

VZ

Verizon Communications Inc. (VZ) disclosed a non-cash goodwill impairment charge of $5.8 billion in Q4 2023, leaving a goodwill balance of $1.7 billion for its Business reporting unit. This charge is due to secular declines, competitive and macroeconomic pressures in wireline revenue, and lower financial projections from a five-year strategic review.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:07 pm

DATS

DatChat, Inc. (NASDAQ:DATS) has announced the pricing of an underwritten public offering of 972,972 shares at $1.85 per share, aiming to raise approximately $1.8 million. The offering includes an option for underwriters to purchase an additional 145,945 shares to cover over-allotments. EF Hutton LLC is the sole book-runner, and the offering is expected to close on January 19, 2024. The shares are offered under a shelf registration statement declared effective by the SEC on December 6, 2022.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:06 pm