Latest News for Alfen Stock (OTC:ALFNF)

Alfen NV is engaged in the business of developing, producing and selling various products, systems and services related to the electricity grid. The company's business segments are Smart Grid Solutions, Energy Storage Systems, and EV Charging Equipment. The Netherlands is company's main geographic market, followed by Belgium and Finland.

Alfen NV

Alliance Global Partners analyst Jake Sekelsky maintains TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and raises the price target from $1.5 to $1.75.

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Alliance Global Partners Maintains Buy on TRX Gold, Raises Price Target to $1.75

Two-time national women's college basketball player of the year Caitlin Clark is the top overall pick in the 2024 <a href="https://www.benzinga.com/topic/wnba">WNBA Draft</a>. 
What Happened: Clark, who played for the Hawkeyes at the University of Iowa, dominated the stat sheets in the NCAA. She also helped women's basketball generate<a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom"> impressive television viewership.</a>
The Indiana Fever now hopes that Clark, the team&#8217;s first-overall pick in the draft lottery, will help generate enough wins to get back into the WNBA playoffs. 
The Fever had back-to-back top picks overall. But the team has not reached the WNBA Playoffs since 2016 and last won the league championship in 2012. 
Struggles persisted since the retirement of former WNBA star Tamika Catchings (2016), according to <a href="https://www.espn.com/wnba/story/_/id/39951045/indiana-fever-select-iowa-caitlin-clark-top-pick-2024-wnba-draft">ESPN</a>.
Aliyah Boston (South Carolina) was drafted first overall in 2023 and won WNBA Rookie of the Year. With the combined star power of Boston and Clark, hopes are high for next season. 
In the 2023 WNBA season, the Fever finished 10th out of 12 teams with a 13-27 record overall. The team finished last in the league in 2022 with a 5-31 record.
For the WNBA, the draft lottery takes the four teams with the worst records over the last two combined seasons and holds a drawing to see who wins the top pick. The Fever had a 44.2% chance of winning the lottery.
Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/02/37186778/exclusive-caitlin-clark-taylor-swifts-impact-more-women-bet-on-sports-womens-basketball-dr">EXCLUSIVE: Caitlin Clark, Taylor Swift&#8217;s Impact — More Women Bet On Sports, Women&#8217;s Basketball, DraftKings CEO Says</a>
Incoming Viewership Boost: While at Iowa, Clark helped set records for women's basketball viewership several times during the 2023-2024 NCAA Women's Basketball Tournament. 
This includes the NCAA Women's Basketball Championship game <a href="https://www.benzinga.com/general/sports/24/04/38192760/womens-ncaa-title-game-outdraws-the-mens-championship-with-an-average-of-18-9-million-viewers">hitting an average</a> of 18.9 million viewers on The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) owned ABC. 
The game peaked at 24.1 million viewers and the 18.9 million average outdrew the NCAA Men's Basketball Championship game (14.8 million average).
After only having 22 of their 40 2023 games nationally televised, the Fever will see the figure significantly <a href="https://fever.wnba.com/news/indiana-fever-to-play-36-games-on-national-television-in-2024-regular-season/">lifted </a>to 36 of their 40 games for the 2024 season thanks to the highly anticipated first season of Clark.
Media partners of the WNBA could benefit with Clark's debut season and the likely strong viewership that comes with it.
Disney will air eight games across ABC, ESPN and ESPN2, including the May 14 opening game. ESPN aired one Fever game last year. ABC didn&#8217;t air any games.
Ion, owned by E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), will air eight Fever games for the 2024 WNBA season.
CBS, which is a unit of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), will air three Fever games during the season.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) owned Prime Video will air four Fever games during the season.
NBA-owned streaming platform, NBA TV, will air the Fever 13 times during the season.
Betting Odds: Sportsbooks are enjoying a boost in interest thanks to women's college basketball games. Many reported<a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom"> record betting figures</a> during the NCAA Women's Basketball Tournament thanks to Clark.
Several sportsbooks have odds out for the upcoming WNBA season.
DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) lists the Fever with the fifth-best odds to win the 2024 WNBA Championship at +2,000. The sportsbook also has a win total listed at 21.5 for the Fever. That&#8217;s more wins than the team had in the past two combined seasons.
At Flutter Entertainment&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) FanDuel, odds of Clark winning MVP of the 2024 WNBA season are listed at +1,200. That&#8217;s fourth best among players. Clark is also the favorite to win WNBA Rookie of the Year for the 2024 season with odds of -950.
Now Read: <a href="https://www.benzinga.com/general/gaming/24/04/38170136/prop-betting-on-college-athletes-is-enormously-problematic-ncaa-president-says-is-that-really-what">Prop Betting On College Athletes Is &#8216;Enormously Problematic,&#8217; NCAA President Says: &#8216;Is That Really What We Should Talk About?&#8217;</a>
Image: Caitlin Clark, JD Scott-MGoBlog via Flicker Creative Commons

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Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro

Timberline shareholders will have the right to receive 0.01 of a share of McEwen's common stock for each share of Timberline's common stock (the "Exchange Ratio"), representing a value of US$0.102 per Timberline share, calculated based on the 20-day volume weighted average trading price of McEwen's shares on the NYSE at the close on April 15th, 2024. This represents an 132% premium to Timberline's 20-day volume-weighted average price on the OTCQB. McEwen currently owns 6.25 million Timberline shares representing approximately 3.3% of Timberline's basic common shares outstanding and 6.25 million Timberline warrants. Excluding McEwen's existing ownership, McEwen expects to issue approximately 1.84 million shares on closing for a transaction value of US$18.8 million.

McEwen Mining To Acquire Timberline Resources At 132% Premium

Deutsche Bank analyst Bryan Kraft maintains Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) with a Hold and lowers the price target from $375 to $320.

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Deutsche Bank Maintains Hold on Charter Communications, Lowers Price Target to $320

Being locked up in prison for cannabis "has to end," said Kyle Kazan, Glass House Brands Inc.&#8216;s (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTCQX">GLASF</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GHBWF#OTCQX">GHBWF</a>) CEO and chairman, who stressed that many people are still sitting in federal prison, "living in cages" for a plant.
Kazan urged the crowd gathered at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Hollywood, Florida on Tuesday to pick up the phone and call their representatives in Congress and also President Joe Biden to remind him he "didn&#8217;t say simple possession." 
"When you said you [Biden] were going to pardon people, you said you were going to pardon people for cannabis and do it," he told Jesse Redmond, a managing director at Water Tower Research, during the keynote.
See also: <a href="https://www.benzinga.com/markets/cannabis/24/02/37269823/exclusive-glass-house-ceo-legalizing-cannabis-isnt-just-about-the-economy-its-about-righting-pas">EXCLUSIVE: Glass House CEO Says &#8216;Legalizing Cannabis Isn&#8217;t Just About The Economy, It&#8217;s About Righting Past Wrongs&#8217;</a>
<h3 class="wp-block-heading">California: Tough Place For Retail Cannabis</h3>
Kazan's company runs ten stores throughout the Golden State, with plans to expand its retail footprint statewide. However, making money in retail in California is hard, Kazan said.
Yet, Glass House has performed so well during a tough period for so many California operators. Last month the company reported an 89% surge in annual revenue to $160.8 million, <a href="https://www.benzinga.com/markets/cannabis/24/03/37985215/cannabis-company-glass-house-reports-89-increase-in-revenue-aims-for-50-m-profits-in-2024">setting a new record.</a>
The formula that has worked for Glass House was a focus on "getting the best possible cannabis," and "the best possible prices to people," Kazan continued.
Enter the company's new line of cannabis products under its value cannabis brand, Allswell.
"We rolled out this year, 9.99 out the door to the consumer," Kazan said. "We think that&#8217;s the best way to attack the illicit market is to bring people over."
However, even though cannabis grows "well" and "cheaply" in California, many businesses continue to struggle, he explained.
In addition to high taxes, there's a thriving traditional market, which Kazan called both "a blessing and a curse."
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get direct access <a href="https://www.benzinga.com/research/cannabis-capital-conference">through our research platform</a>. For new users, you can get <a href="https://www.benzinga.com/premium/ideas/sales-landing-2-2/">instant access here</a>!
Why?
California has a decades-long cannabis history. "California has been growing cannabis up in the Emerald Triangle," for a long time. "The police never took it that seriously," which he said allowed the traditional market to thrive.
On the other hand, low prices for illegal weed have hit legal operators the hardest.
Federal legalization of cannabis would put an end to most of the challenges cannabis operators are facing not just in California, but nationwide.
&nbsp;But, until that happens, Glass House will continue to grow in California. 
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/02/37166627/exclusive-undo-the-harms-of-the-war-on-drugs-says-glass-house-ceo">EXCLUSIVE: &#8216;Undo The Harms Of The War On Drugs,&#8217; Says Glass House CEO</a>

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EXCLUSIVE: CEO Of This California Company Has  Advice On How To Beat The Illicit Cannabis Market, Shares His Formula At Benzinga Conference

HSBC analyst Saul Martinez maintains Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) with a Buy and raises the price target from $460 to $470.

HSBC Maintains Buy on Goldman Sachs Gr, Raises Price Target to $470

<h3>Gainers</h3>
<ul>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) stock rose 15.3% to $2.86 during Tuesday's regular session. The company's market cap stands at $184.4 million. </li>
<li>a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares moved upwards by 9.62% to $12.87. The market value of their outstanding shares is at $135.1 million. </li>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares increased by 9.62% to $4.33. The company's market cap stands at $1.6 billion. </li>
<li>Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) shares rose 9.42% to $0.6. The company's market cap stands at $93.8 million. </li>
<li>Charles &amp; Colvard (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTHR#NASDAQ">CTHR</a>) stock rose 9.27% to $0.33. The market value of their outstanding shares is at $10.0 million. </li>
<li>Massimo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMO#NASDAQ">MAMO</a>) stock moved upwards by 9.17% to $3.71. The market value of their outstanding shares is at $153.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares decreased by 69.8% to $0.21 during Tuesday's regular session. The market value of their outstanding shares is at $11.2 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares decreased by 28.46% to $4.51. The company's market cap stands at $12.9 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares decreased by 19.6% to $5.95. The market value of their outstanding shares is at $29.1 million. </li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock decreased by 13.14% to $0.13. The market value of their outstanding shares is at $3.4 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock decreased by 12.87% to $0.61. The market value of their outstanding shares is at $2.2 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares declined by 11.56% to $2.22. The market value of their outstanding shares is at $21.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Palisade Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) stock increased by 65.1% to $6.87 during Tuesday's regular session. The company's market cap stands at $5.8 million. </li>
<li>China SXT Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) shares rose 54.7% to $1.81. The market value of their outstanding shares is at $1.0 million. </li>
<li>Dynatronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares increased by 40.38% to $0.52. The company's market cap stands at $2.5 million. </li>
<li>Jaguar Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) stock rose 34.59% to $0.16. The company's market cap stands at $44.1 million. </li>
<li>BioSig Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSGM#NASDAQ">BSGM</a>) stock rose 29.09% to $1.42. The market value of their outstanding shares is at $13.2 million. </li>
<li>Intra-Cellular Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) shares rose 26.49% to $81.92. The market value of their outstanding shares is at $7.9 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Calidi Biotherapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#AMEX">CLDI</a>) shares decreased by 58.5% to $0.25 during Tuesday's regular session. The company's market cap stands at $8.8 million. </li>
<li>Pacific Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) stock decreased by 44.98% to $1.56. The company's market cap stands at $418.0 million. </li>
<li>Portage Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares decreased by 32.36% to $0.23. The market value of their outstanding shares is at $4.5 million. </li>
<li>Nexalin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXL#NASDAQ">NXL</a>) stock fell 25.77% to $1.47. The market value of their outstanding shares is at $10.9 million. </li>
<li>PaxMedica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXMD#NASDAQ">PXMD</a>) shares declined by 22.27% to $0.58. The market value of their outstanding shares is at $4.2 million. </li>
<li>Adlai Nortye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANL#NASDAQ">ANL</a>) shares decreased by 17.81% to $9.0. The market value of their outstanding shares is at $332.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock rose 25.1% to $2.54 during Tuesday's regular session. The company's market cap stands at $48.5 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) shares moved upwards by 23.37% to $3.8. The company's market cap stands at $32.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares increased by 19.38% to $2.34. The market value of their outstanding shares is at $19.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 14.97% to $3.8. The company's market cap stands at $2.7 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock increased by 13.92% to $2.7. The market value of their outstanding shares is at $40.1 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares increased by 12.26% to $3.02. The market value of their outstanding shares is at $29.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) stock fell 36.9% to $5.81 during Tuesday's regular session. The market value of their outstanding shares is at $47.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) stock declined by 16.93% to $0.22. The market value of their outstanding shares is at $10.6 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 14.17% to $0.44. The company's market cap stands at $35.7 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares decreased by 12.43% to $1.48. The company's market cap stands at $2.4 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) stock decreased by 10.87% to $13.29. The company's market cap stands at $598.5 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock fell 9.82% to $0.53. The market value of their outstanding shares is at $90.5 million. As per the news, the Q4 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) shares increased by 37.0% to $1.74 during Tuesday's regular session. The company's market cap stands at $4.1 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock rose 28.55% to $2.44. The market value of their outstanding shares is at $5.8 million. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) stock moved upwards by 13.88% to $1.23. The company's market cap stands at $194.5 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock rose 13.82% to $0.8. The market value of their outstanding shares is at $12.7 million. </li>
<li>Taoping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) shares rose 10.47% to $0.95. The market value of their outstanding shares is at $1.8 million. </li>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares rose 10.12% to $1.74. The company's market cap stands at $281.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) stock fell 24.9% to $0.53 during Tuesday's regular session. The market value of their outstanding shares is at $5.6 million. </li>
<li>NextTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) stock fell 18.16% to $3.38. The company's market cap stands at $4.5 million. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares decreased by 17.47% to $4.22. The market value of their outstanding shares is at $12.5 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares decreased by 16.71% to $0.55. The market value of their outstanding shares is at $56.4 million. </li>
<li>VIA optronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIAO#NYSE">VIAO</a>) stock fell 15.59% to $0.26. The market value of their outstanding shares is at $5.8 million. </li>
<li>Mobilicom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOB#NASDAQ">MOB</a>) shares fell 15.2% to $1.06. The market value of their outstanding shares is at $5.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

HSBC Holdings, Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) shares are <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">sliding on Tuesday.</a>
Amid a decline in dealmaking across the region, the company has reportedly initiated a fresh wave of job cuts at its Asia investment bank, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-16/hsbc-cuts-a-dozen-investment-bankers-in-asia-on-deals-slump?sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
On Tuesday, the London-headquartered lender reduced its workforce by approximately a dozen bankers within its investment banking division in Asia, the report read.
HSBC follows global counterparts like&nbsp;UBS Group AG&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>),&nbsp;Goldman Sachs Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and&nbsp;Citigroup, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) in implementing multiple rounds of job cuts in Asia amid declining stock sales and mergers.
In HSBC&#8217;s core markets of Hong Kong and China, dealflow is notably slow, reflecting challenges in the world&#8217;s second-largest economy as it grapples with post-pandemic uncertainties.
Earlier this month, HSBC&#8217;s head of global banking and markets, Greg Guyett, remarked that Hong Kong&#8217;s IPO market may not see recovery until the second half of the year, despite signs of investment flows rebounding in China.&nbsp;
Guyett also indicated that HSBC&#8217;s overall headcount for global banking and markets is likely to &#8220;continue to trend down&#8221; as the firm prioritizes leveraging technology to streamline operations.
HSBC has expanded its investment bank in Asia through regional hires in recent years, with job cuts relatively less severe compared to other Wall Street institutions, the report read.&nbsp;
The U.K. lender previously dismissed at least four Hong Kong-based bankers last year and trimmed its debt team in Hong Kong the year before.&nbsp;
Additionally, Guyett expressed interest in recruiting senior bankers with strong client relationships in other Asian hubs like Singapore and Mumbai, Bloomberg added.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38270560/joby-aviation-may-launch-flying-taxis-by-2025-whats-going-on" rel="noreferrer noopener">Joby Aviation May Launch Flying Taxis By 2025 &#8211; What&#8217;s Going On?</a>
Price Action: HSBC shares are trading lower by 2.28% to $39.65 on the last check Tuesday.
Image: Shutterstock/ sylv1rob1

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HSBC

Why HSBC Holdings Shares Are Falling Today

Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) has outperformed the market over the past 5 years by 6.5% on an annualized basis producing an average annual return of 18.19%. Currently, Imperial Oil has a market capitalization of $36.69 billion. 
Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $230.65 today based on a price of $68.48 for IMO at the time of writing.
<h3>Imperial Oil's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285039_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.

Trading Ideas

Here's How Much You Would Have Made Owning Imperial Oil Stock In The Last 5 Years

Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) has outperformed the market over the past 10 years by 3.55% on an annualized basis producing an average annual return of 13.93%. Currently, Cencora has a market capitalization of $47.50 billion. 
Buying $1000 In COR: If an investor had bought $1000 of COR stock 10 years ago, it would be worth $3,678.24 today based on a price of $238.35 for COR at the time of writing.
<h3>Cencora's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285034_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.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,700 Today

<a href="https://news.bloomberglaw.com/daily-tax-report-international/uber-raided-in-tax-probe-of-its-portuguese-delivery-partners" title="https://news.bloomberglaw.com/daily-tax-report-international/uber-raided-in-tax-probe-of-its-portuguese-delivery-partners">https://news.bloomberglaw.com/daily-tax-report-international/uber-raided-in-tax-probe-of-its-portuguese-delivery-partners</a>

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UBER

'Uber Raided in Tax Probe of Its Portuguese Delivery Partners' -Bloomberg

Barnes &amp; Noble Education, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares are trading lower after it announced a short-term shareholder&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38270602/barnes-noble-education-announces-milestone-transactions-to-significantly-strengthen-balance-sheet-" rel="noreferrer noopener">rights plan and a new equity investment</a>.
In particular, the company inked a definitive deal with&nbsp;Immersion Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position.
After closing the transactions in June 2024, Barnes &amp; Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion.
The deal is projected to infuse net cash proceeds after transaction costs of about $75 million.
Also, the company plans to eliminate about $34 million of debt through equitization of second lien term loans, reflecting the strong support of key strategic partners.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273842/s-p-500-due-for-classic-10-correction-wall-street-veteran-warns-why-they-expect-zer">S&amp;P 500 Due For &#8216;Classic 10% Correction,&#8217; Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024</a>
Barnes &amp; Noble has received commitments to refinance its existing asset-backed loan facility, which provides access to a $325 million facility maturing in 2028.&nbsp;
Apart from this, the board of directors approved adopting a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/b38270604/barnes-noble-education-adopts-short-term-stockholder-rights-plan" target="_blank" rel="noreferrer noopener">each outstanding common share</a>.
The rights will be exercisable only if a person or group acquires 10% or more of the company&#8217;s common shares and each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00.
Investors can gain exposure to the stock via IShares Microcap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWC#NYSE">IWC</a>) and Invesco FTSE RAFI US 1500 Small Mid ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFZ#NASDAQ">PRFZ</a>).
BNED Price Action: Barnes &amp; Noble Education shares are down 68.91% at 0.22 cents at publication Tuesday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">Goldman Sachs Boasts &#8216;Near-Perfect&#8217; Q1 Results, 5 Analysts Zero In On &#8216;Core Strengths&#8217;</a>
Photo: Joyseulay via Shutterstock

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IMMR

PowerShares FTSE RAFI US 1500 Small-Mid Portfolio

PRFZ

Why Barnes & Noble Education Shares Are Diving Today

Deutsche Bank analyst Lee Horowitz maintains DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) with a Buy and raises the price target from $140 to $155.

DASH

Deutsche Bank Maintains Buy on DoorDash, Raises Price Target to $155

A recent report from Zillow indicates that America has <a href="https://www.zillow.com/research/million-dollar-cities-2024-33891/">550 cities with median home prices of $1 million</a>. Yet none of those cities are on the list of Zillow's top ten hottest housing markets of 2024. That disparity paints a picture of the extent to which America has a dual-track housing market.
On one track are Americans who can afford homes in the $1-million zip codes or are locked into those zip codes on low-interest-rate mortgages. On the other track are Americans who were marginally priced out of the housing market before the pandemic and now find themselves left even further adrift by high interest rates and low availability of affordable homes. The U.S. is becoming a nation of winners and losers when it comes to real estate ownership.
Cities with average home values over $1 million are not new. The reality is that most American homebuyers never expected to live in places like Malibu, California, or Darien, Connecticut. They also never expected that buying in the relatively middle- to upper-middle-class enclaves that symbolize the American dream would come with a seven-figure price tag.&nbsp;&nbsp;
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California leads the list, with 210 cities having million-dollar home values. Most of those cities are in metropolitan areas around Los Angeles or San Francisco, although San Diego and San Jose's metro areas are also represented. On the East Coast, the metropolitan areas of New York and Boston account for the lion's share of the million-dollar markets with Washington, D.C. and Miami, Florida making appearances.
The irony is that many of the cities that find themselves on the million-dollar list and the metropolitan areas they surround were once cities Americans migrated to so they could make it big. They are becoming cities where Americans move if only if they've already made it. A million-dollar home price is double the cost of the median home in the United States.
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Americans are responding by moving to cities with lower costs of living and more affordable homes. America's Sunbelt, which stretches from Florida to Arizona and north to the Carolinas, has been experiencing unprecedented population growth. Zillow's top 10 list of<a href="https://www.zillow.com/learn/hottest-housing-markets-2024/"> America's hottest real estate markets for 2024</a> shows that even cold-weather markets like Cleveland, Ohio, and Buffalo, New York, have become destination cities for Americans searching for affordable housing opportunities.
It's also worth noting that most of the cities on Zillow's top 10 hottest housing markets list have a median home price that is close to or lower than the national average. Contrast that with the fact that none of the 550 million-dollar cities made the top 10 list, and it's hard to ignore the reality that America's housing market is almost completely bifurcated.
&nbsp;Read Next:
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<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>

Real Estate

These Two Data Points Illustrate The Reality That America Has Two Housing Markets

As Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) continues to tread a turbulent trajectory, with its stock down 32% YTD, investors are getting more anxious with each passing day. Now, with the company reporting in 8 days, investors and analysts are pivoting their attention to <a href="https://www.benzinga.com/quote/BA/earnings">its Q1 earnings</a>.
<h2 class="wp-block-heading">Boeing&#8217;s New CEO Appointment &#8211; A Pivotal Moment</h2>
In a note, RBC Capital Market analyst Ken Herbert highlights the critical decision Boeing faces in appointing its new CEO. 
While mentioning Larry Culp, Pat Shanahan, and Wes Bush as the top candidates for the position, Herbert identifies Culp as the &#8220;clear favorite&#8221; among investors for Boeing&#8217;s future. According to Herbert, Culp&#8217;s leadership could mark the beginning of a new era, focusing on crucial aspects like balance sheet management, execution improvement, and restoring confidence among customers and suppliers.
Herbert rates the stock Outperform, while reducing his price target from $225 to $215.
<h2 class="wp-block-heading">Boeing Has Been Facing A Turbulent Trajectory</h2>
The last six analyst review and ratings on Boeing stock (since April 8) have seen price targets for the stock being reduced. <a href="http://benzinga.com/quote/BA/analyst-ratings">See details here</a>.
Investor anticipation is high, recognizing the potential for a significant stock catalyst upon the CEO announcement.
Boeing has consistently made headlines since January. On April 9, Benzinga reported on the series of events that have influenced Boeing&#8217;s <a href="http://benzinga.com/trading-ideas/long-ideas/24/04/38170797/boeings-flight-plan-in-question-stock-drops-as-deliveries-stall-valuation-concerns-mount">stock performance since then.</a>
In just the past few days, new developments have emerged that continue to impact the stock and heighten investor concerns.
<ul>
<li>April 12: <a href="https://www.benzinga.com/news/24/04/38220492/southwest-faces-further-reductions-in-expected-boeing-jet-deliveries-report">Southwest Faces Further Reductions In Expected Boeing Jet Deliveries: Report</a></li>
<li>April 15: <a href="https://www.benzinga.com/markets/equities/24/04/38257664/delta-flight-returns-to-atlanta-after-takeoff-boeing-757-yawing-aggressively">Delta Flight Returns To Atlanta After Takeoff: Boeing 757 &#8216;Yawing Aggressively&#8217;</a></li>
<li>April 16: <a href="https://www.benzinga.com/markets/equities/24/04/38268829/boeing-severes-ties-with-lobbying-firm-involved-in-737-max-crisis-management-report">Boeing Severs Ties With Lobbying Firm Involved In 737 Max Crisis Management: Report</a></li>
</ul>
Consequently, the stock is down 3.8% over the past 5 days.
<h2 class="wp-block-heading">Boeing&#8217;s Operational (In)Efficiency Concerns BofA Securities&#8217; Analyst</h2>
Meanwhile, BofA Securities&#8217; Ronald J. Epstein drew attention to Boeing&#8217;s recent delivery pace. Per Aero Analysis Partners/AIR, Boeing delivered only three 737s by mid-April amid ongoing FAA inspections. Concerns loom over the company&#8217;s operational efficiency. 
While Boeing grapples with market share losses and reputational risks, BofA maintains a Neutral stance on the stock, acknowledging both the company&#8217;s participation in the aerospace recovery and its challenges. Epstein has a price target of $190 on the stock, implying an upside of 12%.
As Boeing undergoes management transitions and faces government investigations, investors are confronted with balancing short-term uncertainties against the long-term prospects of global air travel demand.
BA Price Action: Boeing stock was up 1.05% at $169.59 at the time of publication Tuesday.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38260752/united-airlines-q1-earnings-preview-analyst-estimates-safety-concerns-underperformance-to-delta-key">United Airlines Q1 Earnings Preview: Analyst Estimates, Safety Concerns, Underperformance To Delta — Key Items To Watch</a>
Photo: Shutterstock

Analyst Color

Travel

Boeing Investors Favor 'Clear Favorite Candidate' For CEO As Market Challenges Persist

Craig-Hallum analyst Chad Bennett maintains Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) with a Buy and raises the price target from $17 to $19.

MITK

Craig-Hallum Maintains Buy on Mitek Systems, Raises Price Target to $19

RBC Capital analyst Luke Davis maintains Parkland (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PKI#TSX">PKI</a>) with a Sector Perform and lowers the price target from C$54 to C$50.

TSX:PKI

RBC Capital Maintains Sector Perform on Parkland, Lowers Price Target to C$50

Alfen: Achieving Medium-Term Guidance Would Yield Attractive Upside

Alfen: Challenges Offer Entry Opportunity

Alfen N.V. reports FY results

Alfen N.V. (ALFNF) 2023 Full Year Earnings Call Transcript

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