에 대한 최신 뉴스 PaxMedica (OTC:PXMD) 주식

PaxMedica

PaxMedica Inc is a clinical-stage biopharmaceutical company focusing on the development of anti-purinergic drug therapies (APT) for the treatment of disorders with intractable neurologic symptoms, ranging from neurodevelopmental disorders, including autism spectrum disorder (ASD), to Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS), a debilitating physical and cognitive disorder believed to be viral in origin and now with rising incidence globally due to the long term effects of SARS-CoV-2 (COVID-19). The company's product candidate under development is PAX-101, an intravenous formulation of suramin, which it is developing for multiple indications, including East African HAT, ASD, ME/CFS, and LCS.

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PXMD

미국의 주식 선물이 금요일 아침 조금 더 상승한 상황에서 투자자들의 주목을 끌 수 있는 몇 가지 주식은 다음과 같다. 씨티그룹, JP모건, 웰스 파고, 아르간, 팍스메디카

씨티그룹, JP모건 그리고 금요일을 맞아 주목해야 할 3가지 주식

PaxMedica Inc

"It's essential for us to be able to create value from the vast amount of data at our disposal so that we can both enable precise targeting for advertisers while also enhancing the user experience we provide," said Dinesh Joshi, Vice President, Product Monetisation &amp; Analytics, NDTV. "Leveraging Magnite Audiences is helping us tap into new revenue streams and increase the attractiveness of our ad offerings, while bringing more personalisation to our readers and viewers."

MGNI

Magnite Launches Audience Activation Solution In India And Southeast Asia To Redefine Ad Targeting

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) became the best-performing large-cap cryptocurrency Monday following the launch of Ripple Labs' USD-backed stablecoin RLUSD.
What happened: The payments-focused cryptocurrency rose 3.51% in the last 24 hours, outpacing the returns of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
With the latest push, XRP's monthly gains zoomed to 138%, the biggest among cryptocurrencies in the top 10 by market capitalization.
The rally was likely powered by significant buying interest from whale investors. Noted cryptocurrency analyst Ali Martinez highlighted that whales purchased over 830 million XRP, worth over $2 billion at prevailing market prices.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales have purchased over 830 million <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> in the last 24 hours! <a href="https://t.co/KzNds2CVdf">pic.twitter.com/KzNds2CVdf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1868753464559624445?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today"> If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here&#8217;s How Much You&#8217;d Have Today</a>
The <a href="https://in.tradingview.com/symbols/SHIBUSD/technicals/">readings</a> of moving averages supported the coin&#8217;s bullish potential. XRP's price was greater than nearly all of its exponential moving averages and simple moving averages, indicating that investors&#8217; current expectations are higher than their average expectations over the past period.
However, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages, flashed a ‘Sell' signal.&nbsp;
The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was ‘Neutral" as of this writing.
Moreover. XRP's Open Interest, a measure of its speculative interest, rose 5.26% in the last 24 hours and nearly 450% since Nov. 5, the presidential election day, data from Coinglass revealed.
About 75% of all Binance traders with an open interest were positioned long on the asset, signaling the expectation of further upsides.
Why It Matters: Optimism around XRP was tied to several factors, with the most notable being the launch of RLUSD from Ripple, a payments company that uses XRP for its operations.
Ripple President Monica Long said Monday that the release marked a new chapter for the XRP Ledger, the blockchain technology powering Ripple's operations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The release of RLUSD marks a new chapter – both for the XRP Ledger, as well as <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> for use in our $70B+ payments flows. Combining our 10+ yrs in the business; the rigor &amp; compliance required with stablecoin issuance by a <a href="https://twitter.com/NYDFS?ref_src=twsrc%5Etfw">@NYDFS</a> chartered company; and an experienced Advisory…
&mdash; Monica Long (@MonicaLongSF) <a href="https://twitter.com/MonicaLongSF/status/1868697568659566949?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
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Ripple planned to <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42513240/xrp-price-up-4-as-ripple-announced-rlusd-launch-for-tuesday">position RLUSD for a range of financial applications</a>, including instant cross-border settlements, Treasury operations, and integration with decentralized finance protocols.
Furthermore, with SEC Chair Gary Gensler&#8217;s tenure coming to an end and being <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42323248/trump-nominates-paul-atkins-as-sec-chair-emphasizing-digital-assets-as-key-to-making-america-greater">succeeded </a>by cryptocurrency-friendly Paul Atkins, investors feel more confident about XRP.
Ripple has been locked in a nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">four-year-long legal battle</a> with the SEC over the status of XRP, and any change in the agency&#8217;s top leadership is viewed with optimism.
Price Action:&nbsp; At the time of writing, XRP was exchanging hands at $2.49, up 3.65% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42517262/most-crypto-foward-ria-slams-bitcoin-forecasts-from-michael-saylor-others-disvalues-it-to-me">&#8216;Most Crypto-Foward&#8217; RIA Slams Bitcoin Forecasts From Michael Saylor, Others: &#8216;Disvalues It To Me&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$ETH

$XRP

XRP Outshines Bitcoin, Ethereum Following RLUSD Launch — Derivatives Traders Amp Up Bets For Coin Even As Whales Load Up

Precision Neuroscience has successfully raised $102 million in its latest funding round. This New York-based company is working on a brain-computer interface that allows users to control devices like smartphones and computers using their thoughts.
What Happened: The latest investment has increased Precision&#8217;s valuation to approximately $500 million, surpassing the $75 million raised by Synchron, another player in the BCI field, <a href="https://www.ft.com/content/67187e59-a708-45e4-9112-7fd4e9b68e63">reported</a> the Financial Times.
Despite this, the industry is still <a href="https://www.benzinga.com/news/24/07/39728003/elon-musk-says-over-1-000-neuralink-chip-implantations-achievable-in-2026">largely dominated</a> by Elon Musk&#8217;s Neuralink, which has secured over $600 million in funding.
See Also: <a href="https://www.benzinga.com/news/global/24/12/42499566/google-willow-nvidias-china-troubles-trump-on-ai-and-more-this-week-in-artificial-intelligence?itm_source=parsely-api">Google Willow, Nvidia&#8217;s China Troubles, Trump On AI, And More: This Week In Artificial Intelligence</a>
BCI devices leverage artificial intelligence to interpret brain signals and control computers. Neuralink has already implanted electrodes in two individuals, enabling them to play video games and use design software.
Precision&#8217;s device, temporarily used on 27 patients during neurosurgery, aims to offer a less invasive procedure.
Why It Matters: The BCI market is heating up with Neuralink setting ambitious goals. Musk has previously announced plans to achieve 1,000 brain chip implantations by 2026.
He has also previously indicated that <a href="https://www.benzinga.com/news/24/10/41591053/elon-musk-says-neuralink-brain-implants-could-cost-as-little-as-an-apple-watch-we-do-have-a-game-pla">Neuralink&#8217;s brain implants</a> could eventually be as affordable as an Apple Watch, priced between $1,000 and $2,000.
Earlier this year it was reported that another Neuralink competitor, Paradromics, is also preparing for <a href="https://www.benzinga.com/news/24/06/39432738/elon-musks-neuralink-rival-paradromics-gears-up-for-human-trials-of-brain-implant">human trials of its brain implant</a>, aiming to facilitate high-speed communication with multiple neurons.
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42479401/nancy-pelosis-stock-pick-broadcom-shoots-15-in-friday-pre-market-as-broadcom-ceo-sees-opportunity-over-the-next-3-years-in-ai?itm_source=parsely-api">Nancy Pelosi&#8217;s Stock Pick Broadcom Shoots 15% In Friday Pre Market As Broadcom CEO Sees &#8216;Opportunity Over The Next 3 Years In AI&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Health Care

Tech

Media

Elon Musk's Neuralink Faces Fierce Competition As Precision Neuroscience Raises $102 Million To Advance Thought-Controlled Devices

On Monday, OpenAI announced that it is extending the ChatGPT Search engine to all users, including those on the free tier. The AI search engine was initially launched for paid subscribers in October.
What Happened: As part of its latest announcement under the &#8220;<a href="https://www.benzinga.com/tech/24/12/42332451/sam-altman-teases-12-days-of-openai-christmas-magic-users-predict-unveiling-of-sora-o1-reasoning-model-and-more">12 Days of OpenAI</a>&#8221; Livestream, the AI startup also introduced an optimized version of the search feature for mobile users and the ability to search using advanced voice mode.
One of the key improvements for mobile search is the presentation of ChatGPT as a conventional search engine.
When users search for a specific location, such as restaurants or local attractions, ChatGPT will display a list of results with corresponding images, ratings, and hours of operation.
See Also: <a href="https://www.benzinga.com/24/12/42495770/trump-transition-team-advocates-for-abolishing-car-crash-reporting-rule-tesla-stands-to-gain?itm_source=parsely-api">Trump Transition Team Advocates For Abolishing Car-Crash Reporting Rule, Tesla Stands To Gain: Report</a>
Another update aims to speed up ChatGPT search for specific types of sites, like &#8220;hotel booking websites.&#8221; Instead of immediately generating a response, ChatGPT will first present links to websites before providing more detailed information about each option.
ChatGPT can now also automatically provide real-time information from the web when using Advanced Voice Mode, although this feature is only available to paid users.
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OpenAI&#8217;s ChatGPT has also been <a href="https://www.benzinga.com/tech/24/12/42378596/openais-chatgpt-makes-headway-in-search-threatening-googles-reign">gaining traction</a>, with a survey earlier this month revealing that it was the favored search provider for 5% of respondents, an increase from 1% in June.
In previous livestreams, OpenAI also announced the launch of its <a href="https://www.benzinga.com/24/12/42398825/sam-altman-calls-openais-new-video-generator-so-compelling">text-to-image model</a> Sora and a <a href="https://www.benzinga.com/tech/24/12/42356469/openai-unveils-200-chatgpt-pro-subscription-inside-the-o1-reasoning-model-and-what-it-means-for-power-users">$200 per month</a> ChatGPT Pro subscription.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI&#8217;s SearchGPT <a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat">has been poised to disrupt</a> Alphabet Inc-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s search empire. In 2023, Google Search accounted for $175.0 billion, or 73.6%, of Alphabet&#8217;s total advertising revenue, which reached $237.9 billion.
ChatGPT Search and Google Search differ in purpose. ChatGPT provides personalized, context-aware responses through conversation, while Google quickly retrieves diverse content using relevance-focused algorithms.
Despite real-time search updates, ChatGPT lacks Google's depth and advanced capabilities. Similarly, despite AI Overviews in play, Google Search doesn&#8217;t offer users the convenience of conversational dialogues.
Meanwhile, Google also faces increased competition from Jeff Bezos-backed AI startup Perplexity. This AI-driven search engine has grown substantially, with <a href="https://www.benzinga.com/general/entrepreneurship/24/08/40292703/perplexity-ais-revenue-usage-skyrocket-as-it-enters-into-advertising">250 million questions answered in July</a>, surpassing the 500 million queries it handled the previous year.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42514226/shiba-inu-burn-rate-surges-3609-as-dogecoin-whales-move-5-8-billion-doge-what-is-going-on?itm_source=parsely-api">Shiba Inu Burn Rate Surges 3,609% As Dogecoin Whales Move 5.8 Billion DOGE: What Is Going On?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AMZN

GOOG

GOOGL

ChatGPT Search Goes Free: OpenAI Challenges Google's Unbroken Search Dominance

U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) said on Monday that it has finalized a rule requiring new passenger vehicles to sound a warning if rear-seat passengers do not <a href="https://www.benzinga.com/news/24/09/40706822/nhtsa-closes-probe-into-1-3m-gm-vehicles-over-seat-belt-safety-concerns">use a seat belt</a> starting in Sept. 2027.
What Happened: The rule also requires enhanced warnings if front seat belts aren&#8217;t fastened, the agency said, while adding that it expects the new rule to prevent over 500 injuries and save about 50 lives per year once fully implemented. The new rule applies to passenger cars, trucks, buses, and multipurpose passenger vehicles weighing up to 10,000 pounds. 
Previously, the rule mandated a seat belt warning only for the driver&#8217;s seat. 
However, now, manufacturers need to issue enhanced seat belt warnings if front seat passengers are not strapped in starting from Sept. 1, 2026, and rear seat&nbsp;belt warnings starting Sept. 1, 2027.
Why It Matters: "While seat belt use has improved for decades, there's still more we can do to make sure everyone buckles up. These new requirements will help to increase seat belt use, especially for rear seat passengers, by enhancing reminders for vehicle occupants to buckle up,"&nbsp;NHTSA Chief Counsel Adam Raviv said. Passengers sitting in the front seats are more likely to don a seat belt than those in the rear seats, according to NHTSA. 
Seat belt warning systems use both visual and audible signals to urge passengers to wear seat belts. As <a href="https://www.benzinga.com/government/regulations/24/11/41867551/tesla-faces-nhtsa-scrutiny-over-social-media-promotion-of-fsd-technology-that-shows-disengaged-driver-behavior">per the agency</a>, about half of all passenger vehicle occupants who died in crashes in 2022 were not strapped in.
Photo Courtesy: Lightpoet on Shutterstock.com
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42481346/spacex-eyes-turning-its-starbase-site-into-a-city" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s SpaceX Wants To Turn Its Starbase Site Into A City</a></li>
</ul>

Government

Regulations

New US Cars To Sound Warnings If Rear passengers Fail To Fasten Seat Belts: 'More We Can Do To Make Sure Everyone Buckles Up'

The Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem announced an exclusive airdrop of its newly launched meme coin Shifu (SHIFU) on Monday to reward its loyal community members.
What Happened: &#8220;According to a post on the official Shiba Inu account, anyone holding 100,000 SHIB tokens and 100 Bubble (BUBBLE) tokens—the native cryptocurrency of the Imaginary Ones ecosystem, with which Shiba Inu launched the meme coin—will have access to approximately 22% of the supply
Additionally, 4% of the supply would be reserved&nbsp;for holders of Shib Games,&nbsp;Doge Killer (LEASH), Bone ShibaSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONE</a>), and Shiboshi &amp; Sheboshi non-fungible tokens.
Moreover, 4% of the supply would be set aside for participants of the Imaginary Ones Carnival &amp; NFTs.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SHIFU, a groundbreaking partnership between Shiba and Imaginary Ones, is bringing an incredible airdrop exclusively for our loyal Shib community! &#x1f31f; Here's how the airdrop supply will be distributed: 22% Supply: Hold 100,000 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> + 100 <a href="https://twitter.com/search?q=%24BUBBLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BUBBLE</a> to qualify. 4% Supply: Reserved… <a href="https://t.co/4cp5UieUzs">pic.twitter.com/4cp5UieUzs</a>
&mdash; Shib &#x7C; TreatYourself Season (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1868782244208181315?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42522606/trump-is-serious-about-creating-a-bitcoin-reserve-says-microstrategys-michael-saylorurges-to-buy-btc-before-it-goes-up-by-100x">Trump Serious About Bitcoin Reserve, Says MicroStrategy&#8217;s Michael Saylor: &#8216;Buy It Now And Own The Future&#8217;</a>
Why It Matters: SHIFU was the latest entrant to the expanding ecosystem of Shiba Inu, with Shytoshi Kusama, the project&#8217;s mysterious lead, actively working with Kaal Dhairya, another key figure of the ecosystem, and the Imaginary Ones team to set it in motion.
Imaginary Ones is a blockchain-based platform that uses digital art, gaming, and NFTs to create an interactive ecosystem.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SHIFU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIFU</a>, a collaboration between <a href="https://twitter.com/Imaginary_Ones?ref_src=twsrc%5Etfw">@Imaginary_Ones</a> &amp; <a href="https://twitter.com/Shibtoken?ref_src=twsrc%5Etfw">@Shibtoken</a>, has been in the making for months. When planning it with <a href="https://twitter.com/ShytoshiKusama?ref_src=twsrc%5Etfw">@ShytoshiKusama</a> and <a href="https://twitter.com/kaaldhairya?ref_src=twsrc%5Etfw">@kaaldhairya</a>, we often asked ourselves: How will this benefit the Shib and IO armies? Community has always been our top priority. If we aim… <a href="https://t.co/8TDYL2Ys4G">pic.twitter.com/8TDYL2Ys4G</a>
&mdash; Clement $BUBBLE &#x1f308; Imaginary Ones &#x1fae7;&#x1fae7;&#x1fae7;&#x1fae7; (@cmttat) <a href="https://twitter.com/cmttat/status/1868501411652383058?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
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A cryptocurrency airdrop is a marketing stunt in which a blockchain project sends free tokens to user wallets, mostly to existing users, to promote the spread of the new cryptocurrency.
Price Action:&nbsp; Shiba Inu tokens responded with varying degrees to the development. SHIB, the major meme currency, dropped 2.3% in the last 24 hours, BONE slipped 0.9%, while LEASH rallied 6.6% according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42522380/bitcoin-bubble-bigger-than-the-dot-com-era-as-apex-cryptos-valuation-tops-2-trillion-peter-schiff">Bitcoin Bubble Bigger Than The Dot-Com Era As Apex Crypto&#8217;s Valuation Tops $2 Trillion: Peter Schiff</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$BONE

$SHIB

New Meme Coin From Shiba Inu Ecosystem Up For Grabs: Here's How Much SHIB, LEASH, BONE Holders Can Expect

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) faces renewed scrutiny over its warehouse safety practices following a Senate investigation that claims the e-commerce giant manipulated injury data and prioritized speed over worker safety, <a href="https://www.benzinga.com/news/global/24/12/42501141/amazon-faces-strike-threat-over-labor-disputes-as-teamsters-push-for-fair-contract-ahead-of-crucial-holiday-season">allegations the company strongly disputes</a>.
What Happened: A 160-page report released on Sunday by Sen. Bernie Sanders (I-Vt.), chair of the Senate Committee on Health, Education, Labor and Pensions, found Amazon warehouses recorded 30% more injuries than the industry average in 2023, with workers nearly twice as likely to be injured compared to other warehouse employees.
&#8220;Amazon's self-assessment is disturbingly inaccurate and that the company operates uniquely dangerous warehouses—knowingly allowing unsafe conditions that injure workers and failing to fix those unsafe conditions if doing so could hurt the company's bottom line,&#8221; the report said. 
The investigation claims Amazon&#8217;s productivity quotas force workers to &#8220;move in unsafe ways&#8221; and repeat movements thousands of times per shift, leading to musculoskeletal disorders. The report also alleges the company &#8220;actively discourages&#8221; injured workers from seeking outside medical care.
Amazon sharply rejected these findings in a detailed response, stating the investigation &#8220;wasn&#8217;t a fact-finding mission, but rather an attempt to collect information and twist it to support a false narrative.&#8221; The company reports it reduced its recordable incident rate by 28% and lost time incident rate by 75% between 2019 and 2023.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe">Jim Cramer Warns Nvidia&#8217;s &#8216;Vicious&#8217; And &#8216;Fast&#8217; Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe</a>
Why It Matters: The company defended its safety benchmarking practices, noting its transportation-focused facilities recorded a recordable incident rate of 6.3 in 2023, below the industry average of 9.7. Amazon emphasized that increasing delivery speeds has coincided with decreasing injury rates across its network.
&#8220;Our safety record continues to improve,&#8221; Amazon stated, highlighting investments in ergonomic enhancements and climate-controlled facilities. The company maintains that its performance expectations are &#8220;reasonable and achievable,&#8221; based on actual team accomplishments.
Price Action: Amazon stock closed at $232.93 on Monday, up 2.40% for the day, with a slight after-hours drop. Year-to-date, the stock has risen 55.36%.
With a market cap of $2.45 trillion and a price-to-earnings ratio of 48.60, Amazon&#8217;s RSI is 72. The consensus price target is $244.36, with a high of $285 from JMP Securities and a low of $197 from Wells Fargo. The average target of $273.33 suggests a 17.51% upside, according to <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">data from Benzinga Pro</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16231226/Screenshot-2024-12-17-at-9.41.41%E2%80%AFAM-1024x371.png" alt="" class="wp-image-695032" style="width:716px;height:auto" /></figure>
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">Tesla Will Be The &#8216;Biggest Winner&#8217; In The Trump Era, Says Dan Ives; Predicts Nasdaq At 25,000 In 18 Months: &#8216;Get the Popcorn Out&#8217;</a></li>
</ul>
Image via Flickr
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Bernie Sanders Accuses Amazon Of 'Uniquely Dangerous' Warehouse Conditions, E-Commerce Giant Says Senator's Premise Is 'Fundamentally Flawed'

MicroStrategy co-founder and executive chairman Michael Saylor said Monday that the incoming Donald Trump administration was serious about setting up a U.S. strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.&nbsp;
What happened: During a CNBC <a href="https://www.cnbc.com/video/2024/12/16/watch-cnbcs-full-interview-with-microstrategy-ceo-michael-saylor.html">interview</a>, Saylor stressed the importance of "buying the future" if one knows where the money is going.
"All the capital outside the U.S. and all the 20th-century antiquated capital is going to flow into digital assets and the Bitcoin network," the Bitcoin bull said. "The logical thing for the U.S. is to buy it now and own the future."
He added that the government could buy as much as 20–25% of the Bitcoin network by selling its gold reserves or by borrowing a "small" amount of money.
"The Bitcoin network is going to go up by a factor of 100. You might as well buy it before ."
Saylor also urged the incoming administration to take the lead in establishing a digital assets framework, outlining clear definitions of different entities and fixing the responsibilities of participants.
See Also:<a href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today"> If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: Saylor's remarks come amid reports of President-elect Trump exploring the possibility of <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">issuing an executive order to create</a> a strategic Bitcoin reserve.
Last week, he also pledged to <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">"do something great with crypto</a>" when queried about plans for a national Bitcoin stockpile.
A bill has already been proposed by Sen. Cynthia Lummis (R-Wy.), called the BITCOIN Act, to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in">create a strategic reserve in Bitcoin</a> to support America's balance sheet and address its mounting debt, which topped $36 trillion this year.
The bill outlines a program to purchase 1 million BTCs, about 5% of Bitcoin's total supply, over a period of five years, with a minimum holding period of 20 years.
The purchase of this proportion could give further impetus to Bitcoin, already on a record-breaking run. This could in turn impart more volatility to MicroStrategy stock, which is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41567772/ahead-of-mag-7-earnings-season-michael-saylor-celebrates-bitcoin-proxy-microstrategys-reco">de facto Bitcoin proxy.</a>
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $106,604.85, up 1.80% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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</ul>

Trump Serious About Bitcoin Reserve, Says MicroStrategy's Michael Saylor: 'Buy It Now And Own The Future'

Wedbush Securities analyst Dan Ives predicts a major tech sector expansion driven by artificial intelligence and deregulation under President-elect Donald Trump&#8216;s administration, forecasting the Nasdaq could reach 25,000 within 18 months.
What Happened: Speaking on CNBC&#8217;s &#8220;Closing Bell,&#8221; Ives <a href="https://www.youtube.com/watch?v=Q_u-8ZGNwwA">described</a> Trump&#8217;s incoming administration as a &#8220;Goldilocks scenario&#8221; for tech companies, citing expected regulatory relief from agencies including the Federal Trade Commission.
&#8220;Let&#8217;s get the popcorn out for what will be the AI revolution,&#8221; Ives said, emphasizing that the sector&#8217;s current surge is &#8220;just getting started.&#8221; He explained that AI&#8217;s multiplier effect is spreading across the technology landscape, impacting everything from software to cybersecurity infrastructure.
The analyst expects 80% to 90% of regulatory concerns to diminish under Trump, though some Department of Justice antitrust investigations into companies like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will continue.
See Also: <a href="https://www.benzinga.com/general/social-media/24/12/42522280/meta-arrives-at-32-million-settlement-with-australia-over-cambridge-analytica-privacy-breach-privacy-commissioner-labels-it-largest-ever-payment">Meta Arrives At $32 Million Settlement With Australia Over Cambridge Analytica Privacy Breach: Privacy Commissioner Labels It &#8216;Largest Ever Payment&#8217;</a>
Why It Matters: Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) stands to gain the most through mergers and acquisitions, according to Ives, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) emerges as the &#8220;biggest winner at the top of the mountain,&#8221; partly due to CEO Elon Musk&#8216;s early alignment with Trump.
Addressing current tech adoption, Ives noted that only 45% of workloads currently operate in cloud environments, predicting a dramatic increase as more AI use cases emerge. &#8220;It&#8217;s 10:00 p.m. in the AI party, and now the velvet ropes are open,&#8221; he said.
The forecast comes as multiple tech CEOs plan meetings with the president-elect in Palm Beach, signaling potentially closer cooperation between Silicon Valley and the incoming administration.
In January, Ives predicted that the <a href="https://www.benzinga.com/markets/equities/24/01/36445586/wedbushs-dan-ives-says-tech-stocks-will-be-up-25-in-2024-predicts-nasdaq-at-20k">Nasdaq would reach the 20,000 mark in 2024</a>, and his forecast has proven accurate, with the index now trading at 20,173.
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</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

MSFT

TSLA

Tesla Will Be The 'Biggest Winner' In The Trump Era, Says Dan Ives; Predicts Nasdaq At 25,000 In 18 Months: 'Get the Popcorn Out'

Influential economist&nbsp;Peter Schiff&nbsp;called Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) the biggest bubble ever on Monday, surpassing even the dot-com bubble of the late 1990s.
What Happened:&nbsp;Schiff, a staunch Bitcoin critic, expressed his views on the soaring valuation of the world&#8217;s leading cryptocurrency. He noted that the market capitalization of Bitcoin was over $2 trillion, which is higher than the combined market of around 400 dot-com companies at their peak before they went bankrupt. 
&#8220;Congratulations, Bitcoiners, on blowing the&nbsp;biggest bubble ever!&#8221; Schiff jabbed Bitcoin investors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">About 400 publicly traded dot-com companies went bankrupt when the bubble popped. At their peak, those 400 companies had a market cap of $1.7 trillion. The current market cap of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> alone now exceeds $2 trillion. Congratulations Bitcoiners on blowing the biggest bubble ever!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1868720110451773680?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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As is well known, the <a href="https://www.benzinga.com/topic/dot-com-bubble">dot-com bubble</a>&nbsp;was a period of rapid growth in U.S. technology stock equity valuations in the late 1990s, eventually bursting between 2001 and 2002. Several of the most hyped tech companies ended up going bankrupt, such as Pets.com, 360networks, and eToys.com, while the likes of Microsoft and Amazon weathered the storm.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42515771/blockchain-guardians-marathon-digital-vp-other-industry-leaders-push-for-transparency-in-custody">Blockchain Guardians: Marathon Digital VP, Other Industry Leaders Push For Transparency In Custody</a>
This isn&#8217;t the first time Schiff has expressed skepticism about Bitcoin. He has previously dismissed Bitcoin&#8217;s bull run as a &#8220;popular delusion&#8221; and &#8220;madness of crowds,&#8221; warning that the losses when the bubble pops will be &#8220;staggering.&#8221;
Why It Matters:&nbsp;This isn&#8217;t the first time Schiff has expressed skepticism about Bitcoin. He has previously d<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41891221/peter-schiff-says-he-would-have-loaded-up-on-bitcoin-had-he-known-that-the-btc-bubble-would-get-this-big">ismissed Bitcoin&#8217;s bull run as a &#8220;popular delusion&#8221;</a> and &#8220;madness of crowds,&#8221; warning that the losses when the bubble pops will be &#8220;staggering.&#8221;
But Schiff isn&#8217;t the only one to draw the cryptocurrency market&#8217;s bull run with the dot-com bubble.
Late Charlie Munger, a legendary investor and partner to Warren Buffett, <a href="https://www.benzinga.com/markets/cryptocurrency/22/07/28043520/charlie-munger-says-to-avoid-crypto-like-an-open-sewer">compared the cryptocurrency market to the dot-com bubble </a>of the late 1990s, calling it a &#8220;mass folly.&#8221;
Price Action:  At the time of writing, Bitcoin was exchanging hands at $106,567.30, up 1.37% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Flickr/ Gage Skidmore
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</ul>

Bitcoin Bubble Bigger Than The Dot-Com Era As Apex Crypto's Valuation Tops $2 Trillion: Peter Schiff

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has agreed to a settlement of AU$50 million ($31.85 million) with Australia&#8217;s Information Commissioner over privacy violations linked to the Cambridge Analytica scandal on Monday.
The enforceable undertaking resolves civil proceedings, allowing eligible Australian Facebook users to seek compensation through a structured payment program.
The case alleged breaches of the Privacy Act 1988 after user data was improperly shared via the "This Is Your Digital Life" app. Privacy Commissioner Elizabeth Tydd called it "the largest ever payment addressing privacy concerns in Australia," emphasizing accountability for global corporations.
The payment program is expected to open by mid-2025.
Price Action: Meta stock closed at $624.24 on Monday, up 0.71% for the day. In after-hours trading, the stock dipped 0.038%. Year to date, Meta has surged 80.27%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Meta Arrives At $32 Million Settlement With Australia Over Cambridge Analytica Privacy Breach: Privacy Commissioner Labels It 'Largest Ever Payment'

On Monday, President-elect Donald Trump reportedly met with TikTok CEO Shou Zi Chew at Mar-a-Lago, Florida, as the company seeks intervention from the U.S. Supreme Court to prevent a looming ban.
What Happened: TikTok has requested the U.S. Supreme Court to halt a law that could ban the app by Jan. 19.
Taking to X, formerly Twitter, the TikTok Policy account said that the Supreme Court has a strong history of protecting Americans&#8217; right to free speech.
&#8220;We are asking the Court to do what it has traditionally done in free speech cases: apply the most rigorous scrutiny to speech bans and conclude that it violates the First Amendment.&#8221;
The post also highlighted the potential economic impact, estimating significant revenue losses for small businesses and creators if the app is banned.
See Also: <a href="https://www.benzinga.com/tech/24/12/42383967/how-to-use-apple-watch-as-a-digital-key-for-your-tesla-car?itm_source=parsely-api">How To Use Apple Watch As A Digital Key For Your Tesla Car</a>
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Statement on Filing Application for Emergency Injunction Pending Appeal with the Supreme Court: &quot;&quot;The Supreme Court has an established record of upholding Americans' right to free speech. Today, we are asking the Court to do what it has traditionally done in free speech cases:…
&mdash; TikTok Policy (@TikTokPolicy) <a href="https://twitter.com/TikTokPolicy/status/1868754443703140757?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
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On the same day, Trump, who previously attempted to ban TikTok during his presidency, expressed a favorable view of the app, noting its popularity among young voters.
&#8220;We'll take a look at TikTok,&#8221; he said, adding, &#8220;You know, I have a warm spot in my heart for TikTok.&#8221; His meeting with the TikTok CEO was <a href="https://www.cnbc.com/2024/12/16/tiktok-asks-supreme-court-to-block-us-ban-pending-appeal.html">confirmed</a> by NBC News.
TikTok and Trump's transition team did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The law in question, the Protecting Americans from Foreign Adversary Controlled Applications Act, mandates ByteDance to sell TikTok or <a href="https://www.benzinga.com/24/12/42495579/lawmakers-demand-apple-and-google-remove-tiktok-by-jan-19-what-you-need-to-know">face removal from</a> Google and Apple platforms in the U.S.
The U.S. Court of Appeals in Washington, D.C., earlier this month <a href="https://www.benzinga.com/24/12/42369266/meta-reddit-stocks-climb-record-highs-as-tiktoks-battle-against-us-ban-continues-after-court-ruling">upheld this law</a>, citing national security concerns.
The potential ban on TikTok, set to take effect on January 19, 2025, could have far-reaching consequences for the U.S. economy.
The ban could disrupt the operations of <a href="https://www.benzinga.com/startups/24/12/42496518/tiktok-ban-signed-into-law-what-it-means-for-americas-15-billion-small-business-economy">approximately seven million small</a> and medium-sized businesses that rely on the platform for revenue and brand growth.
With TikTok&#8217;s potential exit, users may <a href="https://www.benzinga.com/24/12/42512436/tiktok-ban-could-lead-to-more-time-spent-on-youtube-reddit-snapchat">shift their attention</a> to other platforms like YouTube, Reddit, and Snapchat.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Trump Meets TikTok CEO Shou Zi Chew At Mar-A-Lago As Platform Urges Supreme Court To Block Looming Ban

Leading cryptocurrencies simmered down Monday after a smashing rally even as speculations around a U.S. strategic Bitcoin reserve gathered steam.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.10%</td>
<td>$106,072.58</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.69%</td>
<td>$3,966.41</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.74%</td>
<td>$0.4009</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world&#8217;s largest cryptocurrency broke beyond $107,000 for the first time this afternoon before profit-taking brought it back to $105,000, with a modest increase to $106,000 by evening.
The sentiment was upbeat following reports that President-elect Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">might pass an executive order</a> to create a national Bitcoin stockpile.
Bitcoin was already up 9.11% in December, higher than the historical <a href="https://www.coinglass.com/today">average </a>of 5.75%, per Coinglass data.
A similar pattern followed for Ethereum, which failed to decisively break over $4,000 and fell to the upper $3,900 range.
In the past 24 hours, 119,098 traders were liquidated, with the total liquidations at $371.44 million. Longs accounted for 60% of the liquidations.
Over 61% of traders on Binance with open Bitcoin futures positions were short, as per the Long/Short Ratio, suggesting expectations of a pullback.
A rally to $110,000 would wipe out over $500 million worth of short positions, data showed.&nbsp;
The bearish positioning could be due to the "Extreme Greed" sentiment in the market, per the Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitget Token (BGB)</td>
<td>+10.80%</td>
<td>$3.44</td>
</tr>
<tr>
<td>Virtuals Protocol (VIRTUAL)</td>
<td>+10.07%</td>
<td>$2.98</td>
</tr>
<tr>
<td>THORChain (RUNE)</td>
<td>+7.63%</td>
<td>$6.95</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.71 trillion, following a marginal increase of 0.11% over the last 24 hours.
Stocks were a mixed bag on Monday. The Dow Jones Industrial Average fell for the eighth consecutive day, dropping 110.58 points, or 0.25%, to close at 43,717.48. The S&amp;P 500 rose 0.38% to 6,074.08, while the Nasdaq Composite surged 1.24% to close at a record high of 20,173.89.
The tech surge was powered by the "Mag 7" stocks, as Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) notched their all-time highs during the session.
The rally came just ahead of the Federal Open Market Committee's two-day meeting to decide on the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">benchmark interest rates</a>. Market participants have priced in a 95% chance of a 25 basis point cut from the current target range of 450-475, according to the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known cryptocurrency analyst Ali Martinez sent a cautionary note to investors amid Bitcoin's upsurge.
"I'm holding tight to my HODL bag, but my trading account is 30% cash as market sentiment around Bitcoin hits &#8216;extreme greed&#8217;—a cautionary red flag," the analyst remarked.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm holding tight to my HODL bag, but my trading account is 30% cash as market sentiment around <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hits &#39;extreme greed&#39;—a cautionary red flag. Some altcoins are retracing and triggering my buy orders, but I'm aiming to keep at least 20% cash on hand for flexibility. <a href="https://t.co/915IUEqnC4">pic.twitter.com/915IUEqnC4</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1868654253742620723?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed analyst, Michaël van de Poppe, foresaw a "ton of volatility" in the market due to the upcoming Fed meeting.
"I won&#8217;t be surprised we&#8217;ll see $110,000 and $95,000 in the same week," Van de Poppe made his predictions.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New all-time high for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and a liquidity sweep for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. FED Meeting around the corner, which is likely going to bring a ton of volatility into the markets. I won&#39;t be surprised we&#39;ll see $110K and $95K in the same week.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1868737314366816596?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Image via Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42517262/most-crypto-foward-ria-slams-bitcoin-forecasts-from-michael-saylor-others-disvalues-it-to-me">&#8216;Most Crypto-Foward&#8217; RIA Slams Bitcoin Forecasts From Michael Saylor, Others: &#8216;Disvalues It To Me&#8217;</a></li>
</ul>

Movers

$DOGE

Bitcoin, Ethereum, Dogecoin Settle Down Amid Growing Talks Of A Strategic BTC Reserve: Top Analyst Sees Prospect Of Apex Crypto Hitting $110K This Week

Jim Cramer cautioned investors about Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) on Monday, predicting a potential market correction for the semiconductor giant that has seen its value surge 174% this year.
What Happened: &#8220;Still no crescendo moment in Nvidia. It will happen, just not yet&#8230;.the reversal will be vicious though&#8230;.and fast,&#8221; CNBC&#8217;s Cramer wrote on X, formerly Twitter, as the stock declined 1.68% to close at $132.00.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Still no crescendo moment in Nvidia. It will happen, just not yet&#8230;.the reversal will be vicious though&#8230;.and fast
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1868721912303829094?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The warning comes as Nvidia faces heightened scrutiny in China, where authorities launched an antitrust investigation last week into the company&#8217;s 2020 acquisition of Mellanox Technologies. 
The probe examines <a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">potential anti-competitive practices</a>, including whether Nvidia limits competition by bundling its AI chips with Mellanox&#8217;s NVLink technology.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42519371/broadcom-mounts-strongest-2-day-rally-since-ipo-leveraged-etf-nearly-doubles-in-2-sessions">Broadcom Mounts Strongest 2-Day Rally Since IPO: Leveraged ETF Nearly Doubles In 2 Sessions</a>
Why It Matters: TF Securities analyst Ming-Chi Kuo expects the investigation to remain unresolved in the near term, drawing parallels to Qualcomm Inc.&#8216;s 15-month <a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">antitrust case in China</a>. 
While China represents only 5% of Nvidia&#8217;s data center revenue, Kuo advised investors to prepare for increased regulatory scrutiny of Nvidia&#8217;s practices, including its CUDA platform.
The investigation emerges as Nvidia maintains its dominance in the AI chip market, recently reporting third-quarter revenue of $35.1 billion, a 94% year-over-year increase. With a market capitalization of $3.21 trillion, Nvidia stands as one of the world&#8217;s most valuable companies, trading at a price-to-earnings ratio of 53.
Wall Street maintains a bullish outlook, with 40 analysts setting an average price target of $170.56. Rosenblatt Securities leads with the highest target of $220, while New Street Research projects a low of $120, according to <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">data from Benzinga Pro</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16202324/Screenshot-2024-12-17-at-6.52.32%E2%80%AFAM-1024x374.png" alt="" class="wp-image-694905" style="width:808px;height:auto" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42516901/bitcoin-hits-new-all-time-above-107000-ethereum-xrp-dogecoin-follow-higher-as-traders-target-115000-and-more">Bitcoin Hits New All-Time High Above $107,000, Ethereum, XRP, Dogecoin Make Gains As Traders Target $115,000 And More</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Jim Cramer Warns Nvidia's 'Vicious' And 'Fast' Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe

The Dow Jones ended Monday down 0.25%, while the Nasdaq climbed 1.2% to finish in the green. The S&amp;P 500 also posted gains, rising nearly 0.4%. The S&amp;P 500 also ended in positive territory gaining almost 0.4%. The Fed was <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">expected to cut rates by 25 basis points</a> on Wednesday, marking its third consecutive reduction, but recent inflation data complicated its future policy path. Traders braced for hawkish signals from updated projections, with a slower pace of rate cuts and upward revisions likely, potentially impacting growth, jobs, and markets.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Red Cat Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>)
Red Cat Holdings experienced a significant rise of 26.97%, closing at $10.45. The stock reached an intraday high of $11.33 and a low of $8.90, with a 52-week range between $12.57 and $0.56. The drone technology company reported <a href="https://www.benzinga.com/news/earnings/24/12/42519151/red-cat-holdings-q2-earnings-revenue-eps-miss-estimates-as-drone-company-prioritizes-long-term-growth-over-short-term-sales">second-quarter earnings</a> that fell short of expectations, with revenue at $1.53 million against an anticipated $4.13 million. CEO Jeff Thompson emphasized the company&#8217;s focus on the Black Widow project, aiming for success in the SRR final production contract.
IonQ, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)
IonQ&#8217;s stock surged by 23.19%, closing at $41.81, with an intraday high of $42.81 and a low of $32.39. The stock&#8217;s 52-week range is from $42.81 to $6.22. The company showcased its ion trap technology, a key component of its quantum computers, and announced several&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42516580/ionq-quantum-computing-and-rigetti-computing-shares-are-soaring-monday-whats-going-on">notable contracts</a>, including a $54.5 million deal with the U.S. Air Force Research Lab, boosting investor confidence.
Broadcom Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)
Broadcom&#8217;s shares increased by 11.21%, closing at $250. The stock hit an intraday high of $251.88 and a low of $230.81, with a 52-week range from $251.88 to $104.15. The company continues to gain momentum following its <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42513348/whats-going-on-with-broadcom-shares-monday">fourth-quarter earnings report</a>, which showed adjusted earnings per share of $1.42, surpassing analyst expectations. Despite missing revenue estimates, Broadcom&#8217;s quarterly revenue rose by 51% compared to the previous year, driving investor interest in the stock.
NVIDIA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA&#8217;s stock fell by 1.68%, closing at $132. The stock&#8217;s intraday high was $134.40, with a low of $130.42, and a 52-week range between $152.89 and $47.32. The company recently announced a <a href="https://www.benzinga.com/content/42503019/olympian-motors-and-nvidia-collaborate-to-deliver-the-first-open-modular-ev-platform">collaboration</a> with Olympian Motors to deliver the first open, modular EV platform.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares rose by 6.14%, closing at $463.02. The stock reached an intraday high of $463.19 and a low of $436.15, with a 52-week range from $463.19 to $138.80. The Elon Musk-led company faced production challenges with its Cybertruck, as production rates were reduced even before a recent manufacturing pause. Researcher Troy Teslike noted that Tesla produced 30,582 Cybertrucks by the end of the third quarter of 2024, with 21,450 delivered, leaving a significant inventory. The production pause suggests potential <a href="https://www.benzinga.com/24/12/42501487/cybertruck-production-rate-was-reduced-even-before-decembers-production-pause-says-tesla-researcher">demand challenges</a> for the vehicle.
Image via Shutterstock
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next:
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<li> <a href="https://www.benzinga.com/markets/24/12/42511333/joe-rogan-shrugs-off-the-idea-of-a-perfect-city-but-peter-thiel-names-two-paradoxical-u-s-cities-that-stand-out">Joe Rogan Shrugs Off The Idea Of A Perfect City, But Peter Thiel Names Two &#8216;Paradoxical&#8217; U.S. Cities That Stand Out</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AVGO

IONQ

RCAT

Red Cat Holdings, Ionq, Broadcom, NVIDIA, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

XXII

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

A New York judge has confirmed the guilty verdict in the hush money case involving President-elect Donald Trump, despite ongoing discussions about presidential immunity.
What Happened: Judge Juan Merchan endorsed the jury&#8217;s decision on Thursday, marking Trump as a felon. This ruling follows Trump&#8217;s recent electoral triumph over Vice President Kamala Harris. The judge has not yet made a decision on Trump&#8217;s request to dismiss the case entirely, given his president-elect status, <a href="https://thehill.com/regulation/court-battles/5043247-trump-hush-money-conviction-uphold/">reported</a> The Hill.
Trump&#8217;s legal team maintained that the evidence presented during his seven-week trial was shielded by the Supreme Court&#8217;s presidential immunity doctrine. This doctrine asserts that former presidents have total&nbsp;immunity from criminal prosecution for&nbsp;exercising core constitutional powers and&nbsp;presumptive immunity for other official&nbsp;acts.
Manhattan District Attorney&nbsp;Alvin Bragg&nbsp;refuted these claims, stating that no evidence presented to the jury was protected. He further contended that&nbsp;even if it was, it&nbsp;was inconsequential compared to the &#8220;overwhelming evidence of defendant&#8217;s guilt.&#8221;
Trump was found guilty on 34 counts of falsifying business records related to a $130,000 hush money payment to adult film actress Stormy Daniels before the 2016 presidential election. Prosecutors portrayed this as an attempt to unlawfully influence the election&#8217;s outcome.
The judge&#8217;s decision on whether to halt the proceedings during Trump&#8217;s term is still pending. Meanwhile, Trump&#8217;s other criminal proceedings have not been as successful following his presidential win.
See Also: <a href="https://www.benzinga.com/politics/24/12/42511472/trump-hits-7-year-high-in-favorability-ratings-how-republicans-democrats-men-and-women-view-president-elect?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Hits 7-Year High In Favorability Ratings: How Republicans, Democrats, Men And Women View President-Elect</a>
Why It Matters: The Supreme Court had <a href="https://www.benzinga.com/general/politics/24/07/39577351/trump-granted-partial-immunity-by-supreme-court-ruling-says-the-president-is-not-above-the-law-d">previously ruled</a> that Trump and former presidents are entitled to immunity for acts within their Constitutional authority while in office, but not unofficial acts.
Trump&#8217;s <a href="https://www.benzinga.com/news/24/09/40699789/judge-rejects-trumps-attempt-to-move-hush-money-trial-to-federal-court-citing-lack-of-good-cause">attempt to move</a> his hush money criminal case to federal court was denied due to a lack of &#8220;good cause&#8221;, according to a previous report. The <a href="https://www.benzinga.com/general/politics/24/09/40754802/trump-hush-money-sentencing-will-now-take-place-after-2024-election-to-avoid-any-appearance-to-a">sentencing</a> for Trump&#8217;s hush money trial was postponed until after the 2024 presidential election to avoid any potential influence on the election. 
Image via Shutterstock
Did You Know?
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Trump's Hush Money Conviction Upheld Amid Presidential Immunity Controversy — Alvin Bragg Says 'Overwhelming' Evidence Of Guilt

Billionaire Elon Musk has watched his wealth soar this year, especially after the 2024 presidential election, thanks to soaring valuations for SpaceX and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), two companies that could benefit from the next <a href="https://www.benzinga.com/news/management/24/12/42444955/elon-musk-first-person-worth-400-billion-as-tesla-stock-hits-new-all-time-highs-how-2024-election-helped-could-lead-to-future-gains">White House administration.</a>
What Happened: Musk added $226 billion to his wealth in 2024, with the majority of gains happening after Donald Trump won <a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic">the 2024 election.</a>
Musk endorsed Trump in the 2024 election, donated to his campaign, and even campaigned for him in the key swing state of Pennsylvania. The efforts paid off for Musk's wealth, which stands at $455 billion at the time of writing, as reported by <a href="https://www.bloomberg.com/billionaires/">Bloomberg</a>.
With Musk reaching the historic $400 billion wealth milestone, he has more money than the valuation of every single Major League Baseball, National Basketball Association, National Football League and National Hockey League team combined.
Forbes shows the New York Yankees as the highest-valued <a href="https://www.forbes.com/lists/mlb-valuations/">MLB </a>team at $7.55 billion and the average team worth $2.4 billion.
<a href="https://www.forbes.com/sites/justinteitelbaum/2024/10/24/the-most-valuable-nba-teams-2024/">NBA </a>teams have an average value of $4.4 billion, led by the Golden State Warriors at $8.8 billion and every team worth at least $3 billion. The New York Knicks, which are owned by publicly traded Madison Square Garden Sports Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>), rank second with a valuation of $7.5 billion, as reported by Forbes.
The <a href="https://www.forbes.com/sites/justinteitelbaum/2024/08/29/the-nfls-most-valuable-teams-2024/">NFL </a>teams have the highest valuation with the Dallas Cowboys ranking first at $10.1 billion, the first team valued at more than $10 billion. The lowest team is worth $4.1 billion and the average sits at $5.7 billion.
<a href="https://www.forbes.com/lists/nhl-valuations/">NHL </a>teams rank last of the four major North American sports leagues with an average team valuation of $1.33 billion. The highest-ranked team is the Toronto Maple Leafs valued at $2.8 billion and the lowest team ranked at $500 million. The New York Rangers, who are also owned by Madison Square Garden Sports, rank second at $2.65 billion.
Here are the total amounts across the leagues:
<ul>
<li>MLB: $73.66 billion</li>
<li>NBA: $135.50 billion</li>
<li>NFL: $181.95 billion</li>
<li>NHL: $42.46 billion</li>
<li>Total: $433.57 billion</li>
</ul>
Based on the current team valuations of the teams, Musk could buy all the teams for $433.57 billion and still have $21.43 billion left over.
You may not be a billionaire like Mark Cuban, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/social-media/24/12/42490690/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: This valuation exercise is of course hypothetical as no one can own multiple teams in any sport and there are also rules in place across some leagues for ownership of teams in other leagues.
That means Tesla shareholders can breathe a sigh of relief. While Musk is worth $455 billion, the majority of his wealth comes from ownership stakes in the companies he leads, including SpaceX and Tesla.
To fund a <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">$44 billion buyout </a>of Twitter, which is now known as X, Musk had to sell portions of his Tesla stock. The move, known to analysts and investors as the Twitter overhang, led to Tesla shares trading down as worries of more sales continued to beat shares down during the buyout process.
Musk also has not expressed interest in owning a sports team in MLB, NBA, NFL or the NHL over the years. The world's richest man<a href="https://www.benzinga.com/news/23/02/30909752/wait-is-elon-musk-considering-a-manchester-united-bid-after-all"> did joke about buying</a> publicly traded soccer team Manchester United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) previously, but nothing came of the comments.
Billionaires have bought sports teams over the years. Others have become billionaires thanks to their ownership of professional sports teams. Amazon founder Jeff Bezos has been <a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">reported to have an interest </a>in owning an NFL team in the future.
Sports teams have seen values rise over the years thanks to increased ticket prices, advertising opportunities and huge media rights deals.
While Musk&#8217;s wealth is already up significantly in 2024, it could increase further in the coming years. Musk could benefit from the new White House administration, which could eliminate EV tax credits that would hurt Tesla competitors.
There is also optimism that the new administration&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban" target="_blank" rel="noreferrer noopener">could support regulation</a>&nbsp;for self-driving vehicles such as the Tesla robotaxi, reversing course on Trump&#8217;s<a href="https://www.benzinga.com/general/politics/24/10/41298125/maybe-musk-missed-the-memo-trumps-plan-to-ban-autonomous-vehicles-could-sour-friendship" target="_blank" rel="noreferrer noopener">&nbsp;previous plan to ban&nbsp;</a>autonomous vehicles.
One item that could dent Musk&#8217;s wealth is the pending case against his 2018 Tesla pay compensation plan. A Delaware judge&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42279851/elon-musk-56b-pay-package-rejected-by-judge-again-tesla-analyst-says-a-soap-opera-playing-out-in-delaware" target="_blank" rel="noreferrer noopener">struck down the plan again</a>, despite shareholder approval, but Tesla said it will appeal the decision. Without the pay package, Musk would still be the world&#8217;s richest person, but not at such a high level.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42472121/miami-dolphins-nfl-fans-can-own-part-of-team-thanks-to-this-public-company">Miami Dolphins, NFL Fans Can Own Part Of Team Thanks To This Public Company</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photos: Shutterstock

Sports

Management

MANU

MSGS

Elon Musk Is So Rich He Could Buy Every MLB, NBA, NFL, NHL Team And Still Have Cash Left Over

University of Colorado football star Travis Hunter took home the Heisman Trophy Saturday night, adding to his rare pathway to the NFL that included turning down Division I schools to play for Deion Sanders at <a href="https://www.benzinga.com/news/21/12/24631543/how-deion-sanders-and-the-nations-top-high-school-recruit-are-shaking-up-college-football">Football Championship Subdivision school Jackson State University.</a>
What Happened: With Hunter a Heisman Trophy winner and a rare two-way threat playing both cornerback and wide receiver, attention will now shift to how high he could get drafted in the 2025 NFL Draft and if he can break a<a href="https://www.benzinga.com/general/sports-betting/24/04/38501129/2024-nfl-draft-recap-quarterbacks-wide-receivers-detroit-set-records-who-will-win-rookie-o"> recent string of preference</a> to take quarterbacks first overall.
In the 2024 NFL Draft, six quarterbacks were selected in the first round setting records for the position. Among the draft picks were quarterbacks Caleb Williams and Jayden Daniels at first and second overall, who won the Heisman Trophy in 2022 and 2023, respectively.
Here are the most recent Heisman Trophy winners and their NFL Draft positions:
<ul>
<li>2023: Jayden Daniels, Quarterback, 2nd overall</li>
<li>2022: Caleb Williams, Quarterback, 1st overall</li>
<li>2021: Bryce Young, Quarterback, 1st overall</li>
<li>2020: DeVonta Smith, Wide receiver: 10th overall</li>
<li>2019: Joe Burrow, Quarterback, 1st overall</li>
<li>2018: Kyler Murray, Quarterback, 1st overall</li>
<li>2017: Baker Mayfield, Quarterback, 1st overall</li>
<li>2016: Lamar Jackson, Quarterback, 32nd overall</li>
<li>2015: Derrick Henry, Running back, 45th overall</li>
<li>2014: Marcus Mariota, Quarterback, 2nd overall</li>
<li>2013: Jameis Winston, Quarterback, 1st overall</li>
</ul>
The list shows the Heisman Trophy is often won by a quarterback with the position taking home the honors in nine of the past 11 years. In the past 11 years, six of the Heisman Trophy winners have gone first overall in a future NFL Draft.
No non-quarterback Heisman Trophy winner has gone first overall in the NFL Draft since running back Bo Jackson in 1985, according to the <a href="https://www.ncaa.com/news/football/article/2024-04-25/every-heisman-winner-be-selected-no-1-overall-nfl-draft">NCAA</a>. Of the 25 Heisman Trophy winners who have gone first overall, all have been listed as a quarterback, running back or tight end. 
Also keep in mind that the last time a wide receiver went first overall was 1996 and the last time a defensive back went first overall was 1956, with a preference for quarterbacks, defensive ends and offensive linemen in recent years.
Hunter as a wide receiver and cornerback would set some new firsts if he goes first overall. This could be why he's the current second favorite on sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) to go first overall at odds of +350. Listed ahead of Hunter is his teammate, Colorado quarterback Shedeur Sanders at odds of -120.
Trailing the two Colorado teammates is Miami quarterback Cam Ward, who was also a Heisman Trophy finalist, at odds of +400. No other player has odds lower than +2500. This means these three are the high favorites of going first overall, but right now it could be anyone's game of who will go first overall and likely will depend on which team secures the first overall pick.
Read Also: <a href="https://www.benzinga.com/general/gaming/24/02/37292071/game-on-or-sellout-this-is-how-much-ea-sports-offers-college-football-players-for-their-likeness" target="_blank" rel="noreferrer noopener">Game On Or Sellout? This Is How Much EA Sports Offers College Football Players For Their Likeness</a>
What's Next: One of the big questions for whoever drafts Hunter will be which position they want him to play in the NFL or if he will play both. During this season, Hunter <a href="https://x.com/PFF_College/status/1866945539801223417">had </a>709 offensive snaps and 713 defensive snaps, averaging 118 per game, significantly higher than anyone else in NCAA Football Division I.
Fox Sports analyst Jay Glazer <a href="https://x.com/JayGlazer/status/1868731686932078974">said </a>Sunday that he polled 13 NFL coaches and GMs asking about Hunter, with 12 saying they would play the Heisman winner primarily at CB with some offensive packages. The lone person who said wide receiver said the elite ball skills made the position the one Hunter should play. The 12 who picked cornerback also acknowledged elite ball skills and said a shutdown cornerback is harder to find.
The 2025 NFL Draft will be held in Green Bay, Wisconsin, with the first round happening on April 24 with Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) airing coverage on ABC and ESPN.
Colorado takes on Brigham Young University in the Alamo Bowl on Dec. 28 at 7:30 p.m. in a game that will air on ABC. Hunter indicated Monday that he plans to play in the game. Some players leaving for college sit out bowl games. This would mean NFL scouts, coaches and general managers could get another look at the rare two-way star ahead of the NFL Draft.
Hunter going high in the NFL Draft and succeeding at the next level could be big for Adidas AG &#8211; ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>), which <a href="https://news.adidas.com/american-football/adidas-welcomes-collegiate-superstar-travis-hunter-to-the-three-stripes--expanding-its-next-gen-athl/s/a02057f4-e796-426e-84c7-ac2ae40dfc66">signed </a>the NCAA star to its growing roster of NFL players.
Read Next: 
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<li><a href="https://www.benzinga.com/news/23/05/32532826/tim-tebow-turned-down-1-million-commercial-for-a-1-chance-to-play-in-nfl-a-lesson-in-passion-and-sac">Tim Tebow Turned Down $1 Million Commercial For A 1% Chance To Play In NFL: A Lesson In Passion And Sacrifice</a></li>
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Photo: Debby Wong via Shutterstock

Entertainment

Sports Betting

ADDYY

DKNG

Travis Hunter Wins Heisman, Will He Be #1 Pick In 2025 NFL Draft? What Betting Odds, History Show

Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) has outperformed the market over the past 15 years by 7.01% on an annualized basis producing an average annual return of 18.95%. Currently, Amphenol has a market capitalization of $91.20 billion. 
Buying $100 In APH: If an investor had bought $100 of APH stock 15 years ago, it would be worth $1,375.94 today based on a price of $75.65 for APH at the time of writing.
<h3>Amphenol's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734392709_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Amphenol 15 Years Ago Would Be Worth Today

PaxMedica, Inc. (PXMD) has shared an update. PaxMedica, Inc. has released an updated corporate slide presentation on its website for use in discuss...

PaxMedica Releases Updated Investor Presentation Online

PaxMedica shares soar 125% post-market on drug update

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Friday is here and we&rsquo;re starting the final day of trading this week with a breakdown of the biggest pre-market stock movers this morning!



Moving stocks this morning are earnings reports, stakeholder updates, drug development news and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>PaxMedica (NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock is rocketing close to 82% after hitting a <a href="https://www.nasdaq.com/press-release/paxmedica-achieves-key-milestone-in-the-development-of-pax-101-and-provides-update-on">key milestone in drug development</a>.</li>



<li>Allarity Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) shares are soaring more than 61% alongside heavy pre-market trading.</li>



<li>Zapata Computing (NASDAQ:<a href="https://investorplace.com/stock-quotes/zpta-stock-quote/">ZPTA</a>) stock is surging over 36% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230226&amp;type=PDF&amp;symbol=ZPTA&amp;cdn=e948601bd73c48c35f25d9d7dd224e92&amp;companyName=Zapata+Computing+Holdings+Inc.&amp;formType=SC+13G%2FA&amp;formDescription=%5BAmend%5D+Statement+of+acquisition+of+beneficial+ownership+by+individuals&amp;dateFiled=2024-04-11">following a stakeholder update</a>.</li>



<li>NextPlat (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxpl-stock-quote/">NXPL</a>) shares are rising 32% alongside a <a href="https://www.nasdaq.com/press-release/nextplat-reports-consolidated-year-end-2023-results-with-increased-revenues-of-%2437.8">positive 2023 earnings report</a>.</li>



<li>AMTD Digital (NYSE:<a href="https://investorplace.com/stock-quotes/hkd-stock-quote/">HKD</a>) stock is increasing more than 25% with strong early morning trading.</li>



<li>Beneficient (NASDAQ:<a href="https://investorplace.com/stock-quotes/benf-stock-quote/">BENF</a>) shares are gaining over 25% on <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230412&amp;type=PDF&amp;symbol=BENF&amp;cdn=eb254668ceab70d3f25ad97304b464e9&amp;companyName=Beneficient&amp;formType=SC+13D%2FA&amp;formDescription=%5BAmend%5D+General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-04-11">a stakeholder update</a>.</li>



<li>NRX Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/nrxp-stock-quote/">NRXP</a>) stock is heading more than 18% higher <a href="https://www.nasdaq.com/press-release/nrxs-nasdaq%3a-nrxp-nmda-modification-therapy-and-its-multiple-applications-from-mental">on therapy news</a>.</li>



<li>Lyell Immunopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/lyel-stock-quote/">LYEL</a>) shares are jumping over 15% this morning.</li>



<li>Soligenix (NASDAQ:<a href="https://investorplace.com/stock-quotes/sngx-stock-quote/">SNGX</a>) stock is climbing more than 14% on <a href="https://www.nasdaq.com/press-release/fda-grants-soligenix-orphan-drug-designation-for-the-prevention-and-post-exposure">positive drug news</a>.</li>



<li>OncoCyte (NASDAQ:<a href="https://investorplace.com/stock-quotes/ocx-stock-quote/">OCX</a>) shares are up over 14% with its <a href="https://ng.investing.com/news/stock-market-news/oncocyte-reports-full-year-2023-financial-results-93CH-1298708">Q4 earnings report</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Motus GI (NASDAQ:<a href="https://investorplace.com/stock-quotes/mots-stock-quote/">MOTS</a>) stock is plummeting more than 35% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230488&amp;type=PDF&amp;symbol=MOTS&amp;cdn=84b00af3974179838345280e52876622&amp;companyName=Motus+GI+Holdings+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-11">on a delisting warning</a>.</li>



<li>Spectaire (NASDAQ:<a href="https://investorplace.com/stock-quotes/spec-stock-quote/">SPEC</a>) shares are diving 17% despite a lack of news today.</li>



<li>Rent the Runway (NASDAQ:<a href="https://investorplace.com/stock-quotes/rent-stock-quote/">RENT</a>) stock is retreating over 15% <a href="https://investorplace.com/2024/04/why-is-rent-the-runway-rent-stock-up-30-today/">after rallying yesterday</a>.</li>



<li>Monogram Orthopaedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/mgrm-stock-quote/">MGRM</a>) shares are tumbling more than 13% as it <a href="https://www.nasdaq.com/press-release/monogram-accepted-to-nvidia-inception-program-2024-04-11">also jumped higher yesterday</a>.</li>



<li>Rallybio (NASDAQ:<a href="https://investorplace.com/stock-quotes/rlyb-stock-quote/">RLYB</a>) stock is pulling back over 11% after a <a href="https://investorplace.com/2024/04/why-is-rallybio-rlyb-stock-up-93-today/">major rally on Thursday</a>.</li>



<li>Applied Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/apld-stock-quote/">APLD</a>) shares are falling more than 11% with its <a href="https://finance.yahoo.com/news/applied-digital-reports-fiscal-third-200500599.html">fiscal Q3 2024 earnings report</a>.</li>



<li>Kazia Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kzia-stock-quote/">KZIA</a>) stock is taking an over 10% beating without any clear news this morning.</li>



<li>MOGU (NYSE:<a href="https://investorplace.com/stock-quotes/mogu-stock-quote/">MOGU</a>) shares are decreasing more than 10% with no obvious news to report.</li>



<li>Marin Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrin-stock-quote/">MRIN</a>) stock is dropping over 10% <a href="https://investorplace.com/2024/04/why-is-marin-software-mrin-stock-up-62-today/">after rallying recently</a>.</li>



<li>GCT Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) shares close out our pre-market stock movers down more than 10%.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-april-12th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
PaxMedica&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock is rocketing higher on Friday after the clinical-stage biopharmaceutical company <a href="https://www.nasdaq.com/press-release/paxmedica-achieves-key-milestone-in-the-development-of-pax-101-and-provides-update-on">reached a key milestone</a> in drug development.



The big news here is the company securing three pivotal registration/validation batches of PAX-101. The company says that this is a key milestone in its plans for a New Drug Application (NDA) set for Q4 2024.



Investors are celebrating this news as it puts PAX-101 one step closer to approval from the Food and Drug Administration&nbsp;(FDA). If approved, it would be the first first and only form of suramin for the treatment of Stage 1 Human African Trypanosomiasis.



<h2>What&rsquo;s Next for PXMD Stock?</h2>



Howard Weisman, chairman and CEO of&nbsp;PaxMedica, said the following about the company&rsquo;s next plan for PAX-101.




&ldquo;The long-term vision for PaxMedica is to further clinical investigation of PAX-101 as a treatment for individuals who struggle with Autism Spectrum Disorder. With this important manufacturing milestone completed, we have removed a major impediment to testing PAX-101 as a treatment for the core symptoms of Autism Spectrum Disorder.&rdquo;




All of this news brings with it heavy trading of PXMD stock this morning. That has more than 5 million shares changing hands as of this writing. That&rsquo;s quite the leap over its daily average trading volume of about 240,000 shares.



PXMD stock is up 92.7% as of Friday morning.



There are more stock market stories traders need to know about on Friday!



Luckily, we have all of the hottest stock market news ready to go today! That starts with our biggest pre-market stock movers this morning while also catching investors up on yesterday&rsquo;s news. You can dive into all of that at the links below!



<h2>More Friday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-april-12th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>



<li><a href="https://investorplace.com/2024/04/5-investors-betting-big-on-rent-the-runway-rent-stock/">5 Investors Betting Big on Rent the Runway (RENT) Stock</a></li>



<li><a href="https://investorplace.com/2024/04/cantor-fitzgerald-just-raised-its-rating-on-soundhound-ai-soun-stock/">Cantor Fitzgerald Just Raised Its Rating on SoundHound AI (SOUN) Stock</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-paxmedica-pxmd-stock-up-93-today/">Why Is PaxMedica (PXMD) Stock Up 93% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is PaxMedica (PXMD) Stock Up 93% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Allarity Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) stock is heading higher on Friday alongside heavy pre-market trading.



Investors will note that this movement comes after the company <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318229974&amp;type=PDF&amp;symbol=ALLR&amp;cdn=994a98b62336e93eb05e904c271966d1&amp;companyName=Allarity+Therapeutics+Inc.&amp;formType=424B5&amp;formDescription=Prospectus+%5BRule+424%28b%29%285%29%5D&amp;dateFiled=2024-04-11">announced a prospectus supplement</a>. This alters the maximum aggregate offering price of shares sold through prospectus from $1,350,000 to $2,350,000.



Allarity Therapeutics notes that it currently has 828,580 shares outstanding with a value of $7,092,593. The amendment mentions that the company has sold $1,348,908 worth of its shares and is eligible to sell $1,015,290 more.



<h2>ALLR Stock Movement Today</h2>



The heavy pre-market trading has more than 2.8 million shares of the clinical-stage biopharmaceutical company&rsquo;s stock changing hands. That&rsquo;s well above its daily average trading volume of about 59,000 shares.



Investors will also note that ALLR stock is up 41.3% as of Friday morning. Even so, the shares closed out Thursday down 78.9% since the start of the year.



Another thing to note is that ALLR is a penny stock. This comes from its low daily average trading volume, prior closing price of $2.30 per share and market capitalization of only $1.0821.082. All of these make it a risky investment.



There are even more of the most recent stock market stories traders will want to read about today below!



We are offering all of the hottest stock market news that investors need to know about on Friday! Among that is what has shares of PaxMedica&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock rising, the biggest pre-market stock movers this morning and more. All of this info is ready to go at the following links!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-paxmedica-pxmd-stock-up-93-today/">Why Is PaxMedica (PXMD) Stock Up 93% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-april-12th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>



<li><a href="https://investorplace.com/2024/04/5-investors-betting-big-on-rent-the-runway-rent-stock/">5 Investors Betting Big on Rent the Runway (RENT) Stock</a></li>
</ul>On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-allarity-therapeutics-allr-stock-up-41-today/">Why Is Allarity Therapeutics (ALLR) Stock Up 41% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Allarity Therapeutics (ALLR) Stock Up 41% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Motus GI&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mots-stock-quote/">MOTS</a>) stock is falling on Friday following a warning that the medical technology company is in danger of being delisted.



Motus GI <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230488&amp;type=PDF&amp;symbol=MOTS&amp;cdn=84b00af3974179838345280e52876622&amp;companyName=Motus+GI+Holdings+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-11">got a delisting notice</a> from the Listing Qualifications Staff of the Nasdaq Exchange on April 5. In that notice, the company was warned about a potential delisting due to its low shares price.



Shares of MOTS stock have been trading for less than $1 each for over 30 business days. That has the company not complying with the minimum bid to remain listed on the exchange.



On that same note, Motus GI has enacted reverse stock splits with a ratio of 250 shares or more to one over the last year. That makes it ineligible for a compliance period to regain the $1 minimum bid.



<h2>What This Means for MOTS Stock</h2>



Motus GI has until today to request a hearing with the Nasdaq Exchange to try and avoid delisting. However, the company doesn&rsquo;t believe it can regain compliance and is choosing not to seek a hearing.



As a result, shares of MOTS stock will stop trading on the Nasdaq Exchange when markets open on Tuesday. This will result in its shares switching over to the OTC Pink Market of the OTCMarkets. It intends to apply for listing on the OTCQB.



Finally, Motus GI says it is exploring a range of strategic options. Its doing so to maximize shareholder value while speeding up the commercialization of its Pure-Vu System.



MOTS stock is down 37.1% as of Friday morning.



There are more stock market stories traders are going to want to read about!



Fortunately, we have a full list of stock market happenings worth reading on Friday! A few examples include what&rsquo;s sending shares of Allarity Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) and PaxMedica&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock higher, as well as the biggest pre-market stock movers this morning. All of that info is available below!



<h2>More Friday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-allarity-therapeutics-allr-stock-up-41-today/">Why Is Allarity Therapeutics (ALLR) Stock Up 41% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-paxmedica-pxmd-stock-up-93-today/">Why Is PaxMedica (PXMD) Stock Up 93% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-april-12th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-motus-gi-mots-stock-down-37-today/">Why Is Motus GI (MOTS) Stock Down 37% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Motus GI (MOTS) Stock Down 37% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Applied Digital&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/apld-stock-quote/">APLD</a>) stock is falling on Friday following the release of the data center company&rsquo;s earnings report for its fiscal third quarter of 2024.



The bad news for APLD stockholders starts with the company&rsquo;s <a href="https://finance.yahoo.com/news/applied-digital-reports-fiscal-third-200500599.html">adjusted earnings per share of -24 cents</a>. That&rsquo;s much worse than the -7 cents per share that Wall Street was expecting. It&rsquo;s also a significant setback compared to the -1 cent per share from the same period of the year prior.



Also not helping matters is Applied Digital&rsquo;s revenue of $43.35 million in fiscal Q3 2024. That&rsquo;s another miss next to analysts&rsquo; revenue estimate of $51.92 million. This is despite it increasing 208% year-over-year from $14.09 million.



Wes Cummins, chairman and CEO of Applied Digital, said this in the earnings report.




&ldquo;During the quarter, Applied Digital encountered several challenges that impacted our financial performance due to facility power outages in our datacenter hosting business. Despite these short-term setbacks, we made significant progress with our key growth initiatives in the development of our Cloud Services business and the establishment of our special purpose built 100 MW HPC datacenter in Ellendale.&rdquo;




<h2>APLD Stock Movement Today</h2>



Investors aren&rsquo;t happy about these latest earnings results from Applied Digital. That has shares of APLD stock falling 5.5% as of Friday morning. That builds on a 55.9% decrease year-to-date as of Thursday&rsquo;s close.



With today&rsquo;s drop in price comes roughly 216,000 shares of APLD stock changing hands. That&rsquo;s well below its daily average trading volume of about 3.5 million shares.



Investors will find even more of the most recent stock market news below!



We have all of the hottest stock market stories worth reading about on Friday! That includes what&rsquo;s going on with shares of Motus GI&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mots-stock-quote/">MOTS</a>) stock, Allarity Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) stock and PaxMedica&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock this morning. All of that info is available at the following links!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-motus-gi-mots-stock-down-37-today/">Why Is Motus GI (MOTS) Stock Down 37% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-allarity-therapeutics-allr-stock-up-41-today/">Why Is Allarity Therapeutics (ALLR) Stock Up 41% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-paxmedica-pxmd-stock-up-93-today/">Why Is PaxMedica (PXMD) Stock Up 93% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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Why Is Applied Digital (APLD) Stock Down 6% Today?

DCFC, HUSA and INDO among mid-day movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
PaxMedica (NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) just reported results for the first quarter of 2024.<ul><li>PaxMedica reported earnings per share of -50 cents. This was below the analyst estimate for EPS of -43 cents.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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PXMD Stock Earnings: PaxMedica Misses EPS for Q1 2024

PaxMedica files Nasdaq delisting appeal notice

ADIL

ALLR

APLD

BENF

BROG

CISS

DCFC

EZGO

GCTS

HGAS

HNRA

HUSA

INDO

KUKE

KZIA

LICY

LYEL

MDIA

MGRM

MOGU

MOTS

MRIN

NRXP

NXPL

RENT

RLYB

SLNH

SNGX

SPEC

TPET

ZPTA

Press Releases

PaxMedica Updated Company Presentation Highlighting Innovations in Autism Spectrum Disorder Treatments

PaxMedica Achieves Key Milestone in the Development of PAX-101  And Provides Update on Potential NDA Submission

PaxMedica Receives Emergency Request for IV Suramin from African Health Ministry for Use in Treating Fatal Sleeping Sickness

PaxMedica Responds to Emergency Request for IV Suramin and Commits to Provide Immediate Access to PAX-101

PaxMedica's CEO and Malawi Health Official Discuss Urgent Medical Crisis in Bell2Bell Podcast

PaxMedica Provides Company Update and Continues to  Advance PAX-101 Regulatory Strategy

PaxMedica Files Nasdaq Delisting Appeal Notice and Prepares for Upcoming FDA Meeting on PAX-101

PaxMedica Reports First Patient Treated with PAX-101 for Fatal African Sleeping Sickness Infection

PaxMedica Secures Immediate Exercise of Warrants

PINKPXMD

HC Wainwright & Co.

미국의 주식 선물이 금요일 아침 조금 더 상승한 상황에서 투자자들의 주목을 끌 수 있는 몇 가지 주식은 다음과 같다.
<ul>
<li> 씨티그룹 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)은 개장 전에 주당 1.20달러의 분기 실적과 203.9억 달러의 매출을 발표할 것으로 월스트리트가 예상하고 있다. 이 은행은 지난해 같은 기간 주당 2.19달러의 순이익과 199.9억 달러의 매출을 공시했다. 씨티그룹 주식은 목요일 장 마감 후 시간외 거래에서 0.082% 상승한 60.76달러에 거래되었다.</li>
<li>목요일 아르간 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>)의 4분기 실적은 예상보다 더 좋았다는 보고가 나왔다. 아르간의 주식은 목요일 시간외 거래에서 9.4 % 상승한 53.99달러에 거래되었다.</li>
<li>분석가들은 JP모건 체이스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)가 415억 달러의 매출과 주당 41.84달러의 분기 실적을 발표할 것으로 예상하고 있다. 이 회사는 시장이 개장하기 전에 이익을 발표할 것으로 예상된다. JP모건 주식은 목요일 시간외 거래에서 0.57 % 상승한 196.55달러에 거래되었다.</li>
</ul>
<ul>
<li>팍스메디카(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXMD#NASDAQ">PXMD</a>)의 주식이 회사가 PAX-101의 등록 / 확인 3 가지의 핵심 배치를 완료했다는 발표 이후 목요일 시간외 거래에서 급등했다. 팍스메디카 주식은 시간외 거래에서 116.07 % 상승한 0.89달러에 거래되었다.</li>
<li>분석가들은 웰스 파고(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)가 금요일 개장전 전 주당 1.09달러의 분기 이익과 202.0억 달러의 매출을 발표할 것으로 예상하고 있다. 웰스 파고 주식은 시간외 거래에서 0.11% 상승한 56.75달러에 거래되었다.</li>
</ul>
이거도 확인해보세요! <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20 </a>

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