Streetbeat News

CAN

Canaan Inc.

Industry

Computer Hardware

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Open

1.51

Mkt cap

452M

Volume

16M

High

1.68

P/E Ratio

-1.06

52-wk high

3.50

Low

1.43

Div yield

N/A

52-wk low

0.72

Fisker Inc. (NYSE:FSR) shares surged over 20% after the company reported a 300% increase in deliveries from Q3 to Q4, with total deliveries around 4,700, primarily of the Fisker Ocean One launch edition. Other stocks also showed significant movement in Friday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 6:03 pm

Whale activity in the Information Technology sector has been detected, indicating large transactions in options for several companies. The activity includes both bullish and bearish sentiments for different stocks, with varying expiration dates and strike prices. Notable transactions were observed for CAN, MARA, MSFT, CIFR, NVDA, RIOT, AMD, INTC, MSTR, and CLSK. The details of the transactions, such as the type of option (CALL or PUT), sentiment, expiration date, strike price, total trade price, open interest, and volume, provide insights into potential market movements.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:35 pm

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 4:48 pm

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

FLJ Group Limited's shares soared 94.8% in pre-market trading after completing a $180 million cash purchase of Alpha Mind Technology and terminating an equity acquisition agreement with Lianlian Holdings Inc. Other stocks such as Oculis Holding AG, Cipher Mining Inc., Coherus BioSciences, Inc., AMTD Digital Inc., Rexford Industrial Realty, Inc., Bit Digital, Inc., Cronos Group Inc., and Canaan Inc. also saw gains in pre-market trading.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 10:40 am

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:48 pm

Despite the Dow Jones index gaining around 40 points on Tuesday, several stocks recorded losses. ZIM Integrated Shipping Services, Luther Burbank Corporation, Qurate Retail, Teekay Tankers, Nordic American Tankers, Lexeo Therapeutics, Canaan Inc., B. Riley Financial, CleanSpark, and Marathon Digital Holdings all saw their share prices fall. The decline in Bitcoin's value contributed to the losses experienced by Canaan Inc., CleanSpark, Inc., and Marathon Digital Holdings, Inc.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 3:16 pm

In Monday's intraday session, several information technology stocks experienced significant movements. ComSovereign Holding (COMSP) led the gainers with a 44.2% increase, while Cemtrex (CETX) saw the largest drop among the losers, falling 19.4%. Other notable gainers included Argo Blockchain (ARBK), Stronghold Digital Mining (SDIG), Roadzen (RDZN), Canaan (CAN), and Bitdeer Technologies (BTDR). On the losing side, Strong Global (SGE), GSI Technology (GSIT), Minim (MINM), and XIAO-I (AIXI) also saw their share prices decline.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 5:31 pm

AAR Corp. (NYSE:AIR) shares dropped by 7% after reporting mixed Q2 results, with sales missing and EPS beating consensus. AAR also acquired Triumph Group Inc's (NYSE:TGI) Product Support business for $725 million. Other stocks experienced significant movements, with NextPlay Technologies, Inc. (NASDAQ:NXTP) and Jin Medical International Ltd. (NASDAQ:ZJYL) among the top gainers, while AlloVir, Inc. (NASDAQ:ALVR) and Jayud Global Logistics Limited (NASDAQ:JYD) were among the biggest losers. Notably, Karuna Therapeutics, Inc. (NASDAQ:KRTX) surged after an acquisition announcement by Bristol Myers Squibb & Co (NYSE:BMY), and NIKE, Inc. (NYSE:NKE) fell after mixed earnings and a cost savings plan announcement.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 6:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.