Dernières nouvelles pour Phoenix Motor (NASDAQ:PEV) Stock

Phoenix Motor

Phoenix Motor Inc is an electrification solutions provider for the commercial vehicle industry as well as other industries. It designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium-duty electric vehicles (EVs) and markets and sells electric vehicle chargers for the commercial and residential markets. The company operates two primary brands, Phoenix Motorcars, which focuses on commercial products including medium-duty electric vehicles, chargers, and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles.

Phoenix Motor Inc

Jyoti Bansal, the mastermind behind software company AppDynamics, lived out a fantasy many entrepreneurs can only dream about – launching a startup and selling it for a staggering $3.7 billion. However, what should have been a triumphant moment quickly turned into one of his biggest regrets.
Bansal, now 46, had spent years as a<a href="https://www.benzinga.com/startups/24/09/40690704/harris-or-bidens-economic-plan-it-doesnt-matter-silicon-valleys-freaked-out-by-unrealized-capital-ga"> Silicon Valley</a> software engineer before finally achieving his goal of becoming an entrepreneur. AppDynamics, the company he founded, solved a critical problem faced by large companies: fixing broken apps and preventing outages.&nbsp;
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But when Cisco swooped in with a last-minute acquisition offer in 2017, Bansal found himself at a crossroads. The deal would make him and hundreds of his employees immensely wealthy. Despite that, he says it became his "saddest day."
Bansal had always dreamed of building a company for financial gain while solving a problem that plagued his industry. &#8220;When I started [AppDynamics], I didn't think about a financial outcome,&#8221; he explains. &#8220;I just thought in terms of: This problem needs to be solved.&#8221; And solve it he did – AppDynamics became known for its ability to help companies troubleshoot and prevent <a href="https://www.benzinga.com/startups/24/05/39039061/is-humanes-ai-pin-doomed-company-seeks-buyer-amid-mixed-reviews">software </a>glitches.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
The sale of AppDynamics to Cisco came as a surprise. The company was on the verge of going public when Cisco made its offer. &#8220;We weren't stopping our IPO," Bansal recalls. &#8220;We had six days to figure out how to go about it.&#8221;&nbsp;
He describes sleepless nights agonizing over the decision, juggling conversations with the board, investors and other stakeholders. &#8220;People think it must've been an easy decision, but it was the hardest.&#8221;
The factors Bansal had to weigh were complex. There was the financial aspect – hundreds of employees stood to gain life-changing sums of money. "We had about 300 employees who made more than a million dollars," he says.
See More: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
"Dozens walked away with $5 million or more." Beyond the financials, Bansal was concerned with whether Cisco would allow AppDynamics to continue its mission and keep its company culture intact. To Cisco&#8217;s credit, they offered AppDynamics a high degree of independence, but something still didn't sit right for Bansal.
After the sale, Bansal found himself grappling with feelings of loss. "I spent nine years of my life fully dedicated to what we were building," he reflects. "Suddenly, it's the end of a chapter." Walking home from the celebration party, he realized he wasn't ready to let go. &#8220;It was bittersweet – it felt like we were closer to the finish line, but not quite there.&#8221;
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share </a>
In the months that followed, Bansal tried to find solace in travel. He trekked the Himalayas, hiked Machu Picchu and went on safaris. But after six months, his bucket list was checked off and he was left feeling aimless. "Everyone told me, ‘You should retire. Go to the beach,'" he says. "But that's not me."
Determined to continue solving big problems, Bansal founded another company, Harness, which also creates software tools for developers. Ironically, it was valued at $3.7 billion in 2022 – the same price Cisco paid for AppDynamics. But this time, Bansal says the story is far from over.
When asked what he would do if he received a similar offer for Harness, Bansal didn&#8217;t hesitate. "We'd have to entertain it, but I know the answer is most likely no," he says confidently. "At AppDynamics, it felt like we were closer to the finish line. At Harness, our journey is just starting."
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<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
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Startups

Selling A Business For $3.7 Billion Was A Mistake For 46-Year-Old–He Recounts It As His 'Saddest Day' Of Regret

Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares are trading lower by 8% to $82.21 this week, going into the close of Friday&#8217;s session. Shares have been volatile this week after multiple firms cut their respective <a href="https://www.benzinga.com/quote/NKE/earnings">price targets</a> on the stock following a first-quarter revenue miss.
What Happened: While Nike managed to beat earnings expectations, reporting 70 cents per share versus the expected 52 cents, the company missed revenue projections, posting $11.59 billion in sales against estimates of $11.65 billion. 
The company also saw notable <a href="https://www.benzinga.com/news/earnings/24/10/41147332/nike-stock-is-tumbling-wednesday-whats-going-on">year-over-year declines</a> across key markets and business segments, sparking concern among investors and leading several analysts to lower their price targets.
The 10% year-over-year drop in total revenues was driven by weak sales in key regions. North America, Nike&#8217;s largest market, reported an 11% decline, while sales in Greater China fell 4%, Europe saw a 13% drop and Asia Pacific and Latin America experienced a 7% decline.
These declines reflect persistent challenges, including softer demand, heightened competition, and a slow recovery in consumer spending post-pandemic, particularly in China.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41144670/nike-stock-takes-hit-after-q1-earnings-analysts-expect-comeback-to-take-time-with-u">Nike Stock Takes Hit After Q1 Earnings: Analysts Expect Comeback To Take Time With &#8216;Uncertain Path&#8217;</a>
What Else: The announcement that Nike was withdrawing its full-year guidance further spooked investors. In the earnings call, CFO Matthew Friend noted that the company is lowering its revenue expectations for the year, citing slower traffic in Nike Digital and weaker retail sales trends. 
The company now anticipates second-quarter revenue to decline between 8% and 10%, with gross margins expected to fall versus the prior year.
Adding to investor uncertainty is the leadership transition happening at Nike. CEO John Donahoe is set to step down on October 14, with long-time Nike veteran Elliott Hill poised to take the reins. While Hill's return was framed as a positive by Friend, the market often reacts warily to leadership changes, especially amid challenging business conditions.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/10/41190561/wall-street-rallies-small-caps-outperform-on-strong-jobs-report-chinese-stocks-soar-to-32-month-high">Wall Street Rallies, Small Caps Outperform On Strong Jobs Report, Chinese Stocks Soar To 32-Month Highs: What&#8217;s Driving Markets Friday?</a>
<h2 class="wp-block-heading">Is NKE A Good Stock To Buy?</h2>
An investor or trader's decision to buy or sell a stock is unique to their time horizon and risk tolerance. Many typical investors evaluate earnings growth and valuation on a particular stock before making a decision. 
For example, for Nike, you'll notice that earnings in its last quarter grew 34.62% <a href="https://www.benzinga.com/quote/NKE/earnings">source</a>. As an investor, you'll want to decide whether that's better or worse than what you'd like to see among stocks in your portfolio. 
On the valuation side, Nike's price to earnings ratio &#8211; a measure of how much an investor pays for the company's earnings &#8211; is compressed 14.89% in the current quarter when compared with last year. That places it below similar businesses Deckers Outdoor, Skechers USA, Birkenstock Holding in its sector. You'll need to decide whether that makes it more or less attractive based on how you think the company will perform over time.
There are many different valuation metrics that may help you make a decision. Find more on <a href="https://www.benzinga.com/quote/NKE">Nike's quote page</a>, or if you'd like a deeper dive in an advanced program, try <a href="https://pro.benzinga.com">Benzinga PRO</a> for free.
NKE has a 52-week high of $123.39 and a 52-week low of $70.75.

News

What's Going On With Nike Stock?

Cryptocurrency markets are trading higher on positive labor market data.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$62,356.18</td>
<td>&nbsp;+2.7%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,432.81</td>
<td>&nbsp;+3.8%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$143.92</td>
<td>&nbsp;+5.7%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.1094</td>
<td>&nbsp;+5%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001751&nbsp;&nbsp;</td>
<td>&nbsp;+10.2%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 10.9%. Daily active addresses grew by 2.7%. Transactions greater than $100,000 are down from 8,750 to 8,422 in a single day. Exchanges netflows are up by 124.5%.</li>
<li>Coinglass data reports 41,515 traders liquidated in the past 24 hours for $116.77 million. Long liquidations are at their lowest since Sep 27.</li>
<li>Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1842247811917582489">cited</a> CryptoQuant data that over the past six days, Bitcoin miners have sold 2,364 BTC worth $143 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41190083/us-labor-market-posts-strong-data-what-it-means-for-bitcoin">US Labor Market Posts Strong Data—What It Means For Bitcoin</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41183648/satoshi-nakamoto-being-pseudonymous-is-one-of-the-coolest-things-ever-human-rights-activis">Satoshi Nakamoto Being Pseudonymous &#8216;Is One Of The Coolest Things Ever,&#8217; Human Rights Activist Said—Could The HBO Documentary Kill The Mystery?</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41186041/bitcoin-miner-terawulf-releases-september-mining-update-details">Bitcoin Miner TeraWulf Releases September Mining Update: Details</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41186003/bitcoin-miner-iris-energy-releases-september-update-what-to-know">Bitcoin Miner Iris Energy Releases September Update: What To Know</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Popcat (SOL) (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>)</td>
<td>&nbsp;$1.17</td>
<td>&nbsp;+21%</td>
</tr>
<tr>
<td>FTX Token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ftt/usd">FTT</a>)</td>
<td>&nbsp;$2.31</td>
<td>&nbsp;+17%</td>
</tr>
<tr>
<td>Bittensor (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TAO</a>)</td>
<td>&nbsp;$573.7</td>
<td>&nbsp;+15%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices hovering around $62,000 mark, Daan Crypto Trades sees this as another effort of breaking the $62,400 level. He added, "the longer it consolidates below here, the more likely a break higher will be."
However, he does not <a href="https://x.com/DaanCrypto/status/1842263963549245541">expect</a> much from Bitcoin, as it is almost weekend and the U.S. markets remain closed.
Crypto trader Jelle predicts that a chop around these prices for the weekend will lead to a push higher in the next week. He <a href="https://x.com/CryptoJelleNL/status/1842212458062045501">added</a>, "Summer lull seasonality over, Q4 bull seasonality is in." In another tweet, Jelle noted locking in a new higher low before the weekend.
<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">There we go, new higher low locking in right before the weekend. Rest of the year should be fun.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/yB5OK64qFk">pic.twitter.com/yB5OK64qFk</a>
&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1842245445617418312?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CEO and Founder of Cryptoverse Benjamin Cowen pointed out that in April his prediction was a consolidation for 6-9 months after reaching its &#8220;mid-cycle top." Six months have now passed, meeting the minimum time for consolidation.
He warns that if there&#8217;s a labor market scare this quarter, Bitcoin could drop further, potentially to the 100-week SMA. This could extend the consolidation to nine months like the previous cycle. He <a href="https://x.com/intocryptoverse/status/1842250586026307923">advises</a> to hedge for both outcomes.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41185013/bitcoin-rebounds-above-61-500-and-80k-is-more-likely-than-40k-says-top-technical-analyst">Bitcoin Rebounds Above $61,500 And $80K Is More Likely Than $40K, Says Top Technical Analyst</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$FTT

$POPCAT

$SHIB

$SOL

$TAO

Bitcoin, Ethereum, Dogecoin End The Week With Strong Gains: 'Summer Lull Seasonality Over, Q4 Bull Seasonality Is In,' Says Trader

Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) shares are trading higher Friday after the company released its September operational update. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/g41181560/hut-8-operations-update-for-september-2024">details from the report</a>.
The Details:
Hut 8 produced 85 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in September, down from 87 Bitcoin in August, and increased its hashrate from 18.5 EH/s to 19.5 EH/s. The company also brought 1,000 NVIDIA H100 GPUs online and began generating revenue for its GPU-as-a-service subsidiary Highrise AI, Inc.
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">Nvidia Shares Are Moving Higher: What&#8217;s Happening?</a>
&#8220;We made significant strides in scaling our compute layer across Bitcoin mining and AI this month,&#8221; said Asher Genoot, CEO of Hut 8.&nbsp;
&#8220;In partnership with Bitmain, we launched a next-generation, DLC-cooled ASIC miner. We are targeting a 15 EH/s hosting deployment at our Vega site in the Texas Panhandle by H1 2025, which is expected to generate ~$135 million in annualized hosting revenue on a fully ramped basis. The agreement&#8217;s purchase option creates a clear path to 20 EH/s of self-mining capacity by allowing us to fully acquire the hosted machines for our fleet,&#8221; added Genoot.&nbsp;
What Else: Craig-Hallum analyst George Sutton maintained a Buy rating on Hut 8 stock and raised the price target from $14 to $15 on Wednesday. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Hut 8 shares are trading above the stock&#8217;s 50-day moving average of $11.71 and have gained more than 30% over the past month.&nbsp;
HUT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Hut 8 shares are up 1.75% at $11.94 at the time of publication Friday.
Read Also:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a></li>
</ul>
Image: Shutterstock&nbsp;

Movers

Hut 8 Releases Bitcoin Mining Update: What To Know

WIIM

ONCY

Oncolytics Biotech shares are trading higher after the company announced key progress and upcoming studies for breast and pancreatic cancer treatments while also preparing for an accelerated FDA approval path.

Fangdd shares are trading lower after the company announced a $5 million direct offering of 3.125 million shares at $1.60 per unit.

In the current market session, Lockheed Martin Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) stock price is at $605.14, after a 0.11% decrease. However, over the past month, the company's stock increased by 6.80%, and in the past year, by 38.63%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1728069370_0.png" alt="Past Year Chart" />

<h3>How Does Lockheed Martin P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 85.93 in the Aerospace &amp; Defense industry, Lockheed Martin Inc. has a lower P/E ratio of 21.99. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728069370_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

P/E Ratio Insights for Lockheed Martin

UBS analyst Dennis Geiger maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Neutral and lowers the price target from $55 to $50.

Price Target

Analyst Ratings

JACK

UBS Maintains Neutral on Jack In The Box, Lowers Price Target to $50

SAGE

Sage Therapeutics shares are trading lower after RBC Capital downgraded the stock from Sector Perform to Underperform and cut its price target from $10 to $4.

UBS analyst Kevin Caliendo maintains Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) with a Neutral and lowers the price target from $380 to $250.

UBS Maintains Neutral on Humana, Lowers Price Target to $250

EVGO

EVgo shares are trading higher after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $5 to $7.

Citigroup analyst Christopher Allen maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Buy and raises the price target from $310 to $325.

MKTX

Citigroup Maintains Buy on MarketAxess Holdings, Raises Price Target to $325

Citigroup analyst Andrew Kaplowitz maintains Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Buy and raises the price target from $302 to $348.

Citigroup Maintains Buy on Quanta Services, Raises Price Target to $348

Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) is trading higher Friday possibly on the back of positive news surrounding its Bitcoin mining operations and broader activity in the cryptocurrency sector. Here&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41140915/whats-going-on-with-bitcoin-mining-stock-marathon-digital-wednesday">what you need to know</a>.
What To Know: The company, one of the leading Bitcoin miners, released a production update this week, reporting a 5% increase in Bitcoin production for September, with a total of 705 Bitcoins mined compared to 673 in August. Additionally, Marathon holds a massive 26,842 Bitcoins, opting not to sell any in September.
Marathon's hash rate climed to 36.9 EH/s, up 5% month-over-month. The company is on track to meet its goal of reaching a hash rate of 50 EH/s by the end of 2024. Marathon also won 207 Bitcoin blocks last month, up 6% compared to August. These achievements reflect Marathon's focus on scaling its operations and optimizing its data centers, including the conversion of its Granbury data center to immersion cooling, which is progressing as planned.
The company's stock saw significant options activity, with both bullish and bearish positions being taken by large investors. While some expect the stock to fall in the $10 to $30 range in the coming months.
MARA Price Action: Marathon Digital shares were up by 5.53% at $16.33 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-1024x567.png" alt="" class="wp-image-581550" style="width:476px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1.png 1084w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41190083/us-labor-market-posts-strong-data-what-it-means-for-bitcoin">US Labor Market Posts Strong Data—What It Means For Bitcoin</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock.

MARA

Marathon Digital Shares Weekly Recap: Strong Bitcoin Production and Increased Hash Rate Drive 5% Stock Surge

IRTC

iRhythm Technologies shares are trading lower. Goldman Sachs initiated coverage on the stock with a Neutral rating and announced a price target of $78.

Citigroup analyst Fatima Boolani maintains Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) with a Buy and lowers the price target from $240 to $230.

Citigroup Maintains Buy on Zscaler, Lowers Price Target to $230

Abercrombie & Fitch shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $194 to $195. Also, the stock is moving on continued strength following the dockworker strike tentative agreement.

Over the past 24 hours, Bittensor's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TAO</a>) price rose 15.21% to $573.56. This continues its positive trend over the past week where it has experienced a 5.0% gain, moving from $535.76 to its current price. As it stands right now, the coin's all-time high is $757.60. 
The chart below compares the price movement and volatility for Bittensor over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728068623_0.png" alt="price_chart" />
Bittensor's trading volume has climbed 16.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.51%. This brings the circulating supply to 7.38 million, which makes up an estimated 35.15% of its max supply of 21.00 million. According to our data, the current market cap ranking for TAO is #28 at $4.23 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728068623_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Cryptocurrency Bittensor Rises More Than 15% In 24 hours

Citigroup analyst Jon Tower maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Neutral and raises the price target from $417 to $440.

WING

Citigroup Maintains Neutral on Wingstop, Raises Price Target to $440

Over the past 24 hours, Pepe's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) price has risen 9.95% to $0.0000094. This is contrary to its negative trend over the past week where it has experienced a 12.0% loss, moving from $0.000011 to its current price.
The chart below compares the price movement and volatility for Pepe over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728068554_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 26.0% over the past week while the circulating supply of the coin has risen 0.35%. This brings the circulating supply to 420.69 trillion, which makes up an estimated 100.0% of its max supply of 420.69 trillion. According to our data, the current market cap ranking for PEPE is #31 at $3.96 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728068554_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$PEPE

Cryptocurrency Pepe's Price Increased More Than 9% Within 24 hours

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic on Thursday and we have breakdowns of all the latest news sending shares higher and lower this morning!



Moving stocks this morning are share sales, a new order, a closed public offering and more.



Let&rsquo;s get into that news below!



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



<ol><li>Blue Star Foods (NASDAQ:<a href="https://investorplace.com/stock-quotes/bsfc-stock-quote/">BSFC</a>) stock is rocketing more than 67% alongside heavy pre-market trading.</li>



<li>Volcon (NASDAQ:<a href="https://investorplace.com/stock-quotes/vlcn-stock-quote/">VLCN</a>) shares are surging over 67% after UBS Group AG (NYSE:<a href="https://investorplace.com/stock-quotes/ubs-stock-quote/">UBS</a>) <a href="https://www.benzinga.com/news/24/07/39725326/ev-maker-volcons-stock-skyrockets-over-70-in-pre-market-following-ubs-groups-buy-sell-transactions">bought and sold shares</a>.</li>



<li>CNS Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/cnsp-stock-quote/">CNSP</a>) stock is soaring more than 51% alongside strong early morning trading.</li>



<li>MingZhu Logistics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ygmz-stock-quote/">YGMZ</a>) shares are gaining over 42% with strong pre-market trading today.</li>



<li>Actelis Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/asns-stock-quote/">ASNS</a>) stock is heading more than 30% higher on a <a href="https://www.nasdaq.com/press-release/actelis-receives-260000-order-major-mid-atlantic-us-county-traffic-system">traffic system order</a>.</li>



<li>Phoenix Motor (NASDAQ:<a href="https://investorplace.com/stock-quotes/pev-stock-quote/">PEV</a>) shares are increasing over 18% despite a lack of news this morning.</li>



<li>Kazia Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kzia-stock-quote/">KZIA</a>) stock is climbing more than 17% as it <a href="https://investorplace.com/2024/07/why-is-kazia-therapeutics-kzia-stock-up-300-today/">continues a recent rally</a>.</li>



<li>Salarius Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/slrx-stock-quote/">SLRX</a>) shares are rising close to 16% with heavy early morning trading.</li>



<li>Staffing 360 Solutions (NASDAQ:<a href="https://investorplace.com/stock-quotes/staf-stock-quote/">STAF</a>) stock is jumping over 13% on Thursday without any clear news.</li>



<li>Naas Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/naas-stock-quote/">NAAS</a>) shares are up 13% as part of an ongoing rally.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>TuanChe (NASDAQ:<a href="https://investorplace.com/stock-quotes/tc-stock-quote/">TC</a>) stock is plummeting more than 33% without any apparent news this morning.</li>



<li>Warrantee (NASDAQ:<a href="https://investorplace.com/stock-quotes/wrnt-stock-quote/">WRNT</a>) shares are diving over 27% on Thursday.</li>



<li>Inspire Veterinary (NASDAQ:<a href="https://investorplace.com/stock-quotes/ivp-stock-quote/">IVP</a>) stock is tumbling more than 26% after <a href="https://www.nasdaq.com/press-release/inspire-veterinary-partners-announces-closing-6-million-public-offering-2024-07-10">closing a public offering</a>.</li>



<li>Quhuo (NASDAQ:<a href="https://investorplace.com/stock-quotes/qh-stock-quote/">QH</a>) shares are taking an over 19% beating after a recent rally.</li>



<li>Cingulate (NASDAQ:<a href="https://investorplace.com/stock-quotes/cing-stock-quote/">CING</a>) stock is sliding more than 18% following a surprise rally yesterday.</li>



<li>Next Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxtt-stock-quote/">NXTT</a>) shares are dropping over 16% on Thursday morning.</li>



<li>Janover (NASDAQ:<a href="https://investorplace.com/stock-quotes/jnvr-stock-quote/">JNVR</a>) stock is decreasing more than 15% <a href="https://www.nasdaq.com/press-release/janovers-new-insurtech-platform-launches-do-liability-insurance-publicly-traded">after climbing higher yesterday</a>.</li>



<li>Zapp Electric Vehicles (NASDAQ:<a href="https://investorplace.com/stock-quotes/zapp-stock-quote/">ZAPP</a>) shares are slipping over 14% as it <a href="https://investorplace.com/2024/07/why-is-zapp-electric-vehicles-zapp-stock-down-25-today/">continues to retreat</a>.</li>



<li>Telesis Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbio-stock-quote/">TBIO</a>) stock is dipping nearly 14% after a similar rise yesterday.</li>



<li>SAI.TECH Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/sai-stock-quote/">SAI</a>) shares close out our pre-market stock movers down more than 13% <a href="https://www.nasdaq.com/press-release/saitech-announces-mou-signings-heatnuc-targeting-nuclear-and-smr-markets-middle-east">following a rally yesterday</a>.</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/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-july-11th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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

Phoenix Motor raises Q1 revenue outlook; stock rises

Phoenix Motor receives nasdaq listing delinquency letter

Earnings week ahead: Adobe, Oracle, Kroger, GameStop and more

Chinese EV makers face another headwind as Beijing warns on protecting key tech

Phoenix Motor expands on its commitment to sustainable public transportation

Earnings week ahead: Nike, Carnival, Constellation Brands, and more

Phoenix Motor Non-GAAP EPS of $0.44, revenue of $9.4M

Phoenix Motor Inc. (PEV) Q1 2024 Earnings Call Transcript

Phoenix Motor's shares skyrocket 150% as Q1 results impress investors

ABVX

ADBE

AIXI

ANGO

APOG

ASNS

BEST

BIOX

BSFC

BYDDF

CALM

CBRL

CDMO

CGNT

CING

CMCM

CNSP

CTLP

CVGW

DLNG

DOYU

GWLLF

INNV

JNVR

KALV

KZIA

LEVI

LFCR

LILM

LMNR

LOVE

LPTH

MAMA

MANU

MEIP

MESA

MIND

MLEC

MTRX

NAAS

NEOV

NXTT

ORCL

PAYX

PLAY

POCI

RBRK

SBSW

SKIL

SLQT

SLRX

STAF

STBX

TBIO

TRAK

UNFI

VLCN

VLGEA

WKEY

WOOF

WRNT

XPEV

YGMZ

ZAPP

Press Releases

PhoenixEV Emerges as Premier Leader in Zero-Emission Vehicles Following Proterra Transit Bus Business Acquisition

Phoenix Motor Expects to Exceed its Previously Issued Record Revenue Guidance for Q1 2024

PhoenixEV Powers Up University of California, Irvine with New Electric Bus Fleet

Phoenix Motor Reschedules Q1 Earnings Call to September 9

Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter

Phoenix Motor Reschedules Q1 Earnings Call to September 23

Phoenix Motor Reschedules Q1 Earnings Call to October 3

PhoenixEV Announces Partnership with APTA, Highlighting Commitment to Sustainable Public Transportation

Earnings

Phoenix Motor Reports Record $9.4 Million Revenue and $14.8 Million Net Income for First Quarter of 2024

Early Market Movers: PRSO, PNPN.V, MLGO, API, AGBA more inside – Today's Watchlist!

AGBA

BENF

MLGO

NCNC

PNPNF

PRSO

TSXV:PNPN

WIMI

Thunder Power Holdings, Inc. - Common Stock

Thunder Power Holdings

AYRO

Cenntro

Chijet Motor Company, Inc. - Ordinary Shares

Chijet Motor Co

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design

Envirotech Vehicles

Faraday Future Intelligent Electric Inc. - Class A Common Stock

Faraday Future

Fly-E Group

Canoo

Lotus Technology Inc. - American Depositary Shares

Lotus Technology

Mullen Automotive

NWTN

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Polestar Automotive

Winnebago Industries

Workhorse Gr

Phoenix Motor shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

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