Streetbeat News

RBT

Rubicon Technologies Inc

Employees

communication services, nec, nsk

Open

0.19

Mkt cap

9.4M

Volume

4.2M

High

0.19

P/E Ratio

-0.07

52-wk high

13.84

Low

0.15

Div yield

N/A

52-wk low

0.03

In Tuesday's pre-market session, several information technology stocks showed significant movement. Maxeon Solar Technologies led the gainers with a 17.4% increase, while Jamf Holding experienced the largest decline among the losers, dropping by 9.8%. Notably, earnings reports influenced the stock movements of Microvision, Jamf Holding, TeraWulf, AEye, and BigCommerce Holdings.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 12:06 pm

In Monday's pre-market session, 12 Information Technology stocks showed significant movement. Gainers included Ascent Solar Technologies, Signing Day Sports, Squarespace, Mawson Infra Gr, Information Servs Gr, and Rubicon Technologies with notable increases. Losers comprised Alpha Technology Group, Soluna Holdings, AEye, BTCS, SAI.TECH Global, and Cyngn, all experiencing declines. Squarespace, Information Servs Gr, and Cyngn's movements were attributed to their recent Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 12:06 pm

In Tuesday's after-market session, several Information Technology stocks showed significant movement following their Q1 or Q4 earnings reports. Notably, RingCentral, Cirrus Logic, Synchronoss Technologies, Olo, and Kyndryl Holdings experienced gains, while DoubleVerify Holdings, Crexendo, Twilio, Focus Universal, ReAlpha Tech Corp, and Rapid7 saw declines.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:31 pm

Rubicon Technologies, Inc. (NYSE:RBT) experienced a stock price decline after announcing the sale of its fleet technology business to Rodina Capital for $94.2 million and the issuance of $20 million in convertible preferred stock. These transactions are aimed at improving the company's balance sheet, reducing debt, and increasing liquidity. Despite these strategic moves intended to bolster long-term sustainability and growth, the market response was negative, with shares dropping 13.84% to 30 cents.

Portfolio Pulse from vaishaliprayag@benzinga.com

May 07, 2024 | 7:36 pm

In Tuesday's intraday session, several information technology stocks experienced significant movements. MMTEC, ReAlpha Tech Corp, Alpha Technology Group, Thoughtworks Holding, and Zeta Global Holdings saw notable gains, with increases attributed to factors such as Q1 earnings reports. Conversely, Strong Global, Transact Technologies, Tungray Technologies, Palantir Technologies, Cipher Mining, and Rubicon Technologies faced declines, with some linked to their Q1 earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

Rubicon announced the sale of its fleet technology business unit and issued convertible preferred stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:11 pm

Rubicon Technologies, Inc. (NYSE:RBT) has sold its fleet technology business and issued convertible preferred stock to Rodina Capital for $94.2 million. This strategic move aims to strengthen Rubicon's balance sheet, reduce debts, and provide liquidity to support its core business focused on waste and recycling solutions. The sale includes up-front cash and an earnout consideration, marking a significant step towards Rubicon's profitability and growth. The company emphasizes its commitment to sustainability and the RUBICONConnect™ product, aiming to enhance services for its vast network of vendor and hauler partners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:53 pm

In Wednesday's intraday session, 12 Information Technology stocks showed significant movements. Notably, DecisionPoint Sys (DPSI) and A10 Networks (ATEN) were among the top gainers, with DPSI up 24.4% and ATEN rising 21.24% following their Q1 earnings release. Conversely, Cemtrex (CETX) and XTI Aerospace (XTIA) led the losers, with CETX dropping 73% and XTIA down 16.87%. Other notable movements included gains for Signing Day Sports (SGN), Nano Labs (NA), Intchains Gr (ICG), and AMTD Digital (HKD), and losses for VerifyMe (VRME), Baijiayun Group (RTC), Skyworks Solutions (SWKS), and Rubicon Technologies (RBT).

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 4:31 pm

In Tuesday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included Marin Software, Focus Universal, E2open Parent Holdings, VerifyMe, Harmonic, and Blend Labs, with increases ranging from 13.77% to 24.1%. On the downside, Cemtrex, MicroStrategy, MMTEC, Brand Engagement Network, Rubicon Technologies, and Syntec Optics Holdings experienced declines between 11.33% and 27.5%. Earnings reports released yesterday influenced some of these movements.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:31 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Marin Software, Auddia, Blend Labs, Movano, 908 Devices, and Aeva Technologies were among the gainers, with Marin Software leading with a 35.2% increase. On the losing side, F5, MicroStrategy, Sanmina, Rubicon Technologies, OMNIQ, and Qorvo saw declines, with F5 experiencing a 9.3% drop. Notably, 908 Devices, F5, MicroStrategy, and Sanmina reported their quarterly earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

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