Lean Hogs (HE)

Hawaiian Electric Indus (NYSE:HE) Stock, Quote.Headers.trade-ideas

Hawaiian Electric Indus

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai.

JetBlue

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

AILE

FTRE

JBLU

MARA

PCRX

RILY

JetBlue Airways, B. Riley Financial, Hawaiian Electric And Other Big Stocks Moving Lower In Monday&#39;s Pre-Market Session

wall street chart shutter2

Earnings

Equities

Futures

Previews

Economics

Federal Reserve

$BTC

BLDP

GOLD

MNDY

The resilience of the market was in full display on Monday after last week’s “historical comeback” by the market. The major index futures traded higher, albeit by a modest magnitude.

Nasdaq, S&amp;P 500 Futures Climb After Volatile Week As Traders Eye Inflation Data and Retail Earnings: Strategist Says Not CPI But This Data Can Give People Lot Of Conviction

movers image

ADAP

AIMD

ANTE

CMAX

ESPR

MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

HUMA

LGMK

MMAT

NDRA

PSIG

SNOA

TNON

YMAB

Why Ainos Shares Are Trading Higher By Around 38%; Here Are 20 Stocks Moving Premarket

Hawaiian Electric Industries, Inc. Common Stock

Hawaiian Electric Industries Inc

IS HEALTHCARE INNVTION UCITS ACC ETF

Turtle Beach Corp

Touchstone ETF Trust Touchstone Climate Transition ETF

Heroes Chained

SPDR Galaxy Hedged Digital Asset Ecosystem ETF

Global Helium Corp

HedgeTrade

WisdomTree Europe Hedged Equity Fund

WT EUROPE EQUTIY UCITS USD HEDGE ETF

WT EUROPE EQUITY UCITS ETF - USD H ACC

iShares Currency Hedged MSCI Emerging Markets ETF

H&E Equipment Services, Inc. - Common Stock

H&E Equipment Services Inc

HELIUM EVOLUTION INC by HELIUM EVOLUTION INC.

Helium Evolution Inc

iShares Currency Hedged MSCI EAFE ETF

Swan Hedged Equity US Large Cap ETF

Hegic

HENGAN INTL GROUP CO ORD by Hengan International Group Co., Ltd.

Hengan International Group Co Ltd

HENGAN INTL GRP UNSP/ADR by Hengan International Group Co., Ltd.

Peak Minerals Ltd

HELLENIC EXCH SA REG SHS by Hellenic Stock Exchanges

Hellenic Exchanges - Athens Stock Exchange SA

Heico Corp

Heineken NV

Healthia Ltd Ordinary Shares

Heiwa Corp

VictoryShares Hedged Equity Income ETF

Helen Of Troy Ltd

HelloFresh SE

HENKEL KGAA AND CO ORD by Henkel AG & Co. KGAA

Henkel AG & Co KGaA

Helmet.insure

HELVETIA PATRIA HLDG by HELVETIA PATRIA HLDG.

Helvetia Holding AG

J.P. Morgan Exchange-Traded Fund Trust JPMorgan Hedged Equity Laddered Overlay ETF

Winshear Gold Corp

WINSHEAR GOLD CORP by WINSHEAR GOLD CORP.

Franklin Genomic Advancements ETF

Hemp Inc

HSBC MSCI EM MKT VALUE ESG UCITS ETF

HERO TECHNOLOGIES INC by Hero Technologies Inc.

Hero Technologies Inc

HENGDELI HOLDINGS LTD ORD by Hengdeli Holdings Ltd

Hengdeli Holdings Ltd

HENGDELI HLDGS UNSP/ADR by Hengdeli Holdings Ltd

Hinto Energy Inc

HENKEL AG & CO KGAA S/ADR by Henkel AG & Co. KGAA

HENKEL AG & CO KGAA by Henkel AG & Co. KGAA

HENKEL AG & CO KGAA PFD by Henkel AG & Co. KGAA

H2O Innovation Inc

Highwater Ethanol LLC

Holly Energy Partners LP Com Unit Repstg Ltd Partner

Hepion Pharmaceuticals, Inc. - Common Stock

Hepion Pharmaceuticals Inc

D-Market Electronic Services & Trading - American Depositary Shares

D-MARKET Electronic Services & Trading

John Hancock Hedged Equity & Income Fund Common Shares of Beneficial Interest

John Hancock Hedged Equity & Income Fund

Simplify Hedged Equity ETF

Yasheng Group

H.E.R.C. PRODUCTS INC by H.E.R.C. Products Inc.

H.E.R.C. Products Inc

Pacer Cash Cows Fund of Funds ETF

RED OAK HEREFORD FARMS by Red Oak Hereford Farms Inc.

Red Oak Hereford Farms Inc

Global X Video Games & Esports ETF

Metahero

Heritage Cannabis Holding Corp

GLBL X VIDEOGAMES ESPORTS UCITS ETF

Heroux-Devtek Inc

Hess Corp

HERMES INTL SA by Hermes International SA

Hermes International SA

HERMES INTL SA UNSP/ADR by Hermes International SA

HEALTH SCIENCES GROUP INC by Health Sciences Group, Inc.

Health Sciences Group Inc

Hess Midstream LP

Hesperos, Inc.

HOME ENERGY SAVINGS CORP by Home Energy Savings Corp.

HELIUM VENTURES PLC by HELIUM VENTURES PLC

Helium Ventures PLC

HEALTHWAREHOUSE.COM by HealthWarehouse.com, Inc.

HealthWarehouse.com Inc

iShares Trust Currency Hedged MSCI Canada ETF

iShares Trust iShares Currency Hedged MSCI Germany ETF

iShares Currency Hedged MSCI Japan ETF

HEWLETT PCKRD ENTPR PFD C by Hewlett Packard Enterprise Company

iShares Trust Currency Hedged MSCI United Kingdom ETF

HELLENIC EXCH UNSP/ADR by Hellenic Exchanges SA

Angel Wing Metals Inc

ANGEL WING METALS INC by ANGEL WING METALS INC.

Hermez Network

iShares Currency Hedged MSCI Eurozone ETF

Central Pacific Reportedly Nearing Deal To Acquire Hawaiian Electric's Bank; A Sale Would Help Hawaiian Electric's Finances After Maui Fire; Warburg, Centerbridge, Atlas Are Said In Talks To Fund Deal

<a href="https://governor.hawaii.gov/newsroom/2024-40-hawai%CA%BBi-attorney-general-anne-lopez-announces-results-of-lahaina-fire-investigation-analysis-no-single-factor-but-complex-interaction-of-factors-led-to-maui-fire-devastation/" title="https://governor.hawaii.gov/newsroom/2024-40-hawai%CA%BBi-attorney-general-anne-lopez-announces-results-of-lahaina-fire-investigation-analysis-no-single-factor-but-complex-interaction-of-factors-led-to-maui-fire-devastation/">https://governor.hawaii.gov/newsroom/2024-40-hawai%CA%BBi-attorney-general-anne-lopez-announces-results-of-lahaina-fire-investigation-analysis-no-single-factor-but-complex-interaction-of-factors-led-to-maui-fire-devastation/</a>

2024-40 Hawaiʻi Attorney General Anne Lopez Announces Results Of Lahaina Fire Investigation Analysis: No Single Factor, But Complex Interaction Of Factors, Led To Maui Fire Devastation

Hawaiian Electric Indus's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) short percent of float has fallen 11.71% since its last report. The company recently reported that it has 14.02 million shares sold short, which is 12.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hawaiian Electric Indus Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725390910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hawaiian Electric Indus has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hawaiian Electric Indus's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hawaiian Electric Indus's peer group average for short interest as a percentage of float is 2.91%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Hawaiian Electric Indus?

Wells Fargo analyst Jonathan Reeder upgrades Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) from Underweight to Equal-Weight and maintains the price target from $14 to $14.

Upgrades

Price Target

Analyst Ratings

Wells Fargo Upgrades Hawaiian Electric Indus to Equal-Weight, Maintains Price Target to $14

Hawaiian Electric Company Extends Petroleum Fuels Supply Agreement Through January 31, 2029, With Automatic One-Year Extensions Starting February 1, 2029

Evercore ISI Group analyst Durgesh Chopra maintains Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) with a In-Line and maintains $16 price target.

Evercore ISI Group Maintains In-Line on Hawaiian Electric Indus, Maintains $16 Price Target

Wells Fargo analyst Jonathan Reeder maintains Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) with a Underweight and raises the price target from $9 to $14.

Wells Fargo Maintains Underweight on Hawaiian Electric Indus, Raises Price Target to $14

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.
Shares of JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) fell sharply in today's pre-market trading after the company announced a $400 million convertible senior notes offering.
JetBlue Airways shares dipped 5.6% to $5.71 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares declined 25.8% to $4.29 in pre-market trading. ILearningEngines will report financial results for the second quarter before the opening bell on Tuesday, Aug. 13.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) fell 25% to $12.70 in pre-market trading after the company reported preliminary second-quarter financial results.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) dipped 7.7% to $14.28 pre-market trading after the company reported weak second-quarter earnings.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) fell 6.5% to $23.53 in pre-market trading after the company posted downbeat second-quarter results and lowered its FY24 revenue guidance.  </li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) shares declined 6% to $13.37 in pre-market trading. The company reported second-quarter results on Friday.</li>
<li>Pacira BioSciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCRX#NASDAQ">PCRX</a>) fell 4.4% to $11.18 in pre-market trading. JP Morgan analyst Hardik Parikh downgraded Pacira BioSciences from Overweight to Underweight and lowered the price target from $45 to $10.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) fell 3.5% to $16.44 as the company announced a proposed private offering of $250 million of convertible senior notes.</li>
</ul>
Now Read This: &lt;a href=&#8221;https://www.benzinga.com/trading-ideas/long-ideas/24/04/38311966/izea-worldwide-and-2-other-stocks-under-3-insiders-are-buying&#8221;&gt;&lt;em&gt; IZEA Worldwide And 2 Other Stocks Under $3 Insiders Are Buying &lt;/em&gt;&lt;/a&gt;

JetBlue Airways, B. Riley Financial, Hawaiian Electric And Other Big Stocks Moving Lower In Monday's Pre-Market Session

The resilience of the market was in full display on Monday after <a href="https://www.benzinga.com/markets/equities/24/08/40295176/s-p-500-erases-weekly-losses-nasdaq-100-ends-4-week-slide-as-bulls-regain-momentum-fridays-stock">last week&#8217;s &#8220;historical comeback&#8221; by the market. </a>The major index futures traded higher, albeit by a modest magnitude. The yen weakened amid a stock market holiday in Japan and this should serve to keep the carry trade unwinding fears in check. That said, geopolitical tensions perked up after Iran-backed Lebanese paramilitary group Hezbollah launched rocket attacks on Israel amid an Iranian threat to take on the Jewish nation.
Domestically, traders may look to exercise restraint ahead of two inflation reports, due Tuesday and Wednesday, and key retail earnings reports from companies such as Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>). The CBOE Volatility Index, widely called as VIX, rose slightly but held below the 21 level. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.25%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.17%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.06%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.43%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.20% to $534.07, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.29% to $451.70, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. </figcaption></figure>
Cues From Last Week:
The major U.S. averages extended their weekly losses, despite a fairly-tale comeback from Monday&#8217;s plunge, they ended marginally lower. The S&amp;P 500 Index, the broader market gauge, gyrated between a low and high of 5,119.26 and 5.358.67, respectively, during the week, underlining the volatility the market experienced in the week ended Aug. 9.
The VIX spiked to a high of 65.73 &#8211; a level not seen since March 2020 in the aftermath of the COVID-19 pandemic, before retracing all of that upward move and ending lower for the week.
A sharp plunge in Japanese stocks last Monday due to the unwinding of the yen carry trades amid the Japanese currency&#8217;s strengthening proved contagious and plunged the global markets into a sea of red, and Wall Street was no exception. The U.S. stocks see-sawed through the first half of the week as they reacted to earnings news and economic data before coming back up strongly on Thursday and Friday. A report showing a sharp fall in weekly jobless claims helped bring some sanity back to the market.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.18%</td>
<td>16,745.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.05%</td>
<td>5,344.16</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.06%</td>
<td>39,497.54</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.35%</td>
<td>2,080.92</td>
</tr>
</tbody>
</table>
</figure>
 Insights From Analysts:
Citing VIX&#8217;s plunge to 20, Tom Lee, Head of Research, Fund Strat, said the worst of the panic is now behind. But he cautioned that there could be ripple effects, given there is some nervousness around Iran and how much of this yen carry trade has to unwind, he <a href="https://x.com/CNBCClosingBell/status/1821993471936192763">said</a> while appearing on CNBC&#8217;s Last Call. If the upcoming week&#8217;s jobless claims come in benign, then that would quell the growth scare and give people a lot of conviction, he said.
If the yen carry trades unwind in an orderly fashion, Lee said it may not hurt the market much. 
Upcoming Economic Data:
The unfolding week&#8217;s economic calendar is more back-end loaded, with the July consumer and producer inflation reports, the July retail sales data, two August regional manufacturing activity data, the July industrial production report, and the University of Michigan&#8217;s preliminary consumer sentiment reading for August, all likely to be on investors&#8217; radar.
<ul>
<li>On Monday at 11 a.m. EDT, the New York Federal Reserve will release its inflation expectations readings for July. In June, the one-year inflation expectation was at 3%.</li>
<li>The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.</li>
<li>The Treasury will release the monthly federal budget at 2 p.m. EDT. The budgetary balance for July is expected to show a deficit of $254.3 billion, wider than the deficit of $66 billion in June.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Stocks In Focus:
<ul>
<li>Shares of regional lender KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) rose about 15% after Canada&#8217;s Scotiabank announced the purchase of a minority stake in the U.S. bank in an all-stock deal worth $2.8 billion. </li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) fell over 10% after raising a going concern warning, citing the impact of the Maui wildfire settlement financing.</li>
<li>Ballard Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDP#NASDAQ">BLDP</a>), Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), and Monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting ahead of the market opening.</a> Alcon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NASDAQ">ALC</a>) is due to report after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
WTI-grade crude futures climbed over 1% to $77.5+ a barrel on Monday, and gold futures rose modestly as they approached the $2,500 level. The 10-year Treasury note yielded 3.955%, up 1.3 basis points. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded under $59K as it <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40305000/bitcoin-ethereum-dogecoin-slide-as-middle-east-tensions-escalate-after-hezbollahs-israel-a">pulled back more than 3% over the past 24 hours amid geopolitical tensions.</a>
Most Asian markets advanced on Monday, led by the South Korean and Taiwanese markets, while the Chinese, Indian, and Singaporean markets settled lower. The Japanese market remained closed on account of a public holiday.
European stocks traded mixed in early trading at the start of the week.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40303909/economist-pours-cold-water-on-september-rate-cut-we-need-to-see-some-sustained-weakness">Economist Pours Cold Water On September Rate Cut: &#8216;We Need To See Some Sustained Weakness&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Nasdaq, S&P 500 Futures Climb After Volatile Week As Traders Eye Inflation Data and Retail Earnings: Strategist Says Not CPI But This Data Can Give People Lot Of Conviction

WIIM

Hawaiian Electric Industries shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and a year-over-year decrease in Q2 sales results. Also, a report suggested the company expects a $1.7 billion loss from the Maui fire pact.

Shares of Ainos, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIMD#NASDAQ">AIMD</a>) rose sharply in today's pre-market trading after the company announced that it has obtained exclusive licenses for a total of 10 invention patents and patent applications from Taiwan Carbon Nano Technology.
Ainos shares jumped 37.7% to $0.7200 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) rose 49% to $0.3201 in today's pre-market trading. On Aug. 5, LogicMark announced the closing of $4.5 million public offering priced at-the-market.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) gained 27.7% to $1.29 in pre-market trading after jumping 46% on Friday.</li>
<li>Y-mAbs Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YMAB#NASDAQ">YMAB</a>) shares rose 27.3% to $14.28 in pre-market trading.</li>
<li>FSD Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUGE#NASDAQ">HUGE</a>) gained 24.5% to $0.2490 in pre-market trading. FSD Pharma shares jumped 118% on Friday after Celly Nutrition, which is backed by FSD Pharma, announced the upcoming launch of its &#8216;unbuzzd&#8217; recovery drink.</li>
<li>Genius Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>) gained 18.5% to $0.16. Genius Group shares gained around 8% on Friday after the company announced its board approved the purchase of up to 10 million shares by founder and CEO Roger James Hamilton.</li>
<li>ProMIS Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMN#NASDAQ">PMN</a>) gained 15.4% to $1.41 in pre-market trading. The company, last week, posted a narrower-than-expected quarterly loss.</li>
<li>Adaptimmune Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADAP#NASDAQ">ADAP</a>) jumped 12.8% to $1.12 in pre-market trading.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) gained 11.4% to $2.25 in pre-market trading.</li>
<li>AirNet Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) shares gained 10.1% to $0.2999 in pre-market trading after declining around 20% on Friday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Meta Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares declined 27.7% to $0.6810 in pre-market trading. Meta Materials shares dipped around 55% on Friday after the company disclosed in an SEC filing that it ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 in the US Bankruptcy Court.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares dipped 25.8% to $4.29 in pre-market trading. ILearningEngines will report financial results for the second quarter before the opening bell on Tuesday, Aug. 13.</li>
<li>Tenon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) declined 16.9% to $0.49 in pre-market trading. Tenon Medical will release financial results for the second quarter after the closing bell on Aug. 13.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) shares declined 15.4% to $0.21 in pre-market trading. Sonoma Pharmaceuticals shares dipped around 20% on Friday after the company reported worse-than-expected first-quarter financial results.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares fell 13.4% to $6.85 in pre-market trading after the company announced that the FDA will require additional time to complete its review of the BLA for ATEV in the treatment of vascular trauma.</li>
<li>Big Tree Cloud Holdings Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) shares fell 11.6% to $1.30 in pre-market trading after jumping 70% on Friday.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) fell 11.1% to $0.0448 in pre-market trading. ENDRA Life Sciences will report financial results for the three and six months ended June 30 on Wednesday, Aug. 14.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) fell 7.7% to $4.19 in today's pre-market trading after the company reported worse-than-expected second-quarter results.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) fell 7.7% to $14.28 pre-market trading after the company reported weak second-quarter earnings.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) shares fell 6% to $13.37 in pre-market trading. The company reported second-quarter results on Friday.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/markets/24/08/40298443/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-y"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40298443/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-y">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Hawaiian Electric Sees $1.7B Loss From Maui Fire Pact

Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.49 by 10.2 percent. The company reported $897.360 million in sales this quarter. This is a 0.19 percent increase over sales of $895.685 million the same period last year.

Earnings Misses

Hawaiian Electric Indus Q2 2024 Adj. EPS $0.44 Misses $0.49 Estimate, Sales $897.360M Up From $895.685M YoY

Evercore ISI Group analyst Durgesh Chopra maintains Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) with a In-Line and raises the price target from $11 to $16.

Evercore ISI Group Maintains In-Line on Hawaiian Electric Indus, Raises Price Target to $16

HEI and Hawaiian Electric, the State of Hawaiʻi, the County of Maui, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom and Spectrum/Charter Communications have agreed on the terms of a proposed settlement with the lead attorneys for individual and class plaintiffs. Under the proposed terms, which remain subject to final documentation and court approval and do not include any admission of liability, the defendants would collectively pay over&nbsp;$4 billion&nbsp;to resolve all tort claims arising from the Aug. 8, 2023 wildfires on Maui. The settlement also would resolve all claims among the defendants. HEI and Hawaiian Electric&#39;s contribution is a total of&nbsp;$1.99 billion&nbsp;(pre-tax) and includes the&nbsp;$75 million&nbsp;previously contributed for the One ʻOhana Initiative, to be paid in four installments.

Small Business

Reported Friday, HEI And Hawaiian Electric To Pay $1.99B In $4B Maui Wildfire Settlement Awaiting Court Approval

The United States&#8217; macroeconomic environment was favorable to large-cap companies and unfriendly to small-caps through the first half of 2024. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39739225/the-market-did-something-today-that-has-only-occurred-4-times-in-history">That changed in July</a>.
Best Performers: These were the 10 best-performing small caps (defined as a market cap between $500 million and $10 billion) in July, according to data from <a href="http://benzinga.com/pro">Benzinga Pro</a>:
<ul>
<li>Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares surged an astonishing 803%.</li>
</ul>
Serve Robotics, the top performer of any publicly traded company, received attention from investors after NVIDIA Corp <a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake">disclosed a 10% stake</a> in the company. The Uber-backed company developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities such as Los Angeles. The company&#8217;s rise reflected investors&#8217; enthusiasm for NVIDIA&#8217;s investment.
<ul>
<li>CommScope Holding Company Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) stock rose by 121%.</li>
</ul>
CommScope, a network infrastructure provider, enthused investors with its <a href="https://www.benzinga.com/news/24/07/40015083/on-semiconductor-posts-upbeat-earnings-joins-oil-states-international-commscope-holding-and-other-bi">strong preliminary financial results</a>. Shares <a href="https://www.benzinga.com/news/24/07/39840503/cintas-posts-upbeat-earnings-joins-commscope-holding-virtu-financial-and-other-big-stocks-moving-hig">jumped earlier in the month</a> when fiber optic cable producer Amphenol announced plans to acquire mobile networks businesses from CommScope.
<ul>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) saw a 102% share appreciation.</li>
</ul>
Hawaiian Electric, the largest utility provider in Hawaii, had a newsworthy month. <a href="https://www.benzinga.com/markets/equities/24/07/39861173/why-hawaiian-electric-industries-shares-are-rocketing-today">Shares of the company surged</a> after a report suggested the company reached a settlement to resolve lawsuits related to the <a href="https://www.benzinga.com/general/travel/23/08/33712878/tragedy-in-paradise-thousands-flee-as-hawaiis-maui-island-faces-one-of-deadliest-us-wildfires">2023 Maui wildfires</a>.
<ul>
<li>Q32 Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTTB#NASDAQ">QTTB</a>) shares ballooned by 101%.</li>
</ul>
Q32 Bio had <a href="https://www.benzinga.com/news/24/07/39934830/at-t-group-1-automotive-mattel-seagate-and-other-big-stocks-moving-higher-on-wednesday">a great month</a> after analysts covering the stock issued Buy ratings.
<ul>
<li>Meta Data Ltd&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIU#NYSE">AIU</a>) stock saw an impressive 92% increase.</li>
</ul>
AIU shares catapulted more than 100% in a day after the company announced a 1 for 5 reverse stock split, according to Benzinga Pro.
<ul>
<li>Cassava Sciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) shares appreciated by 83%.</li>
</ul>
Cassava shares <a href="https://www.benzinga.com/news/24/07/40083892/whats-going-on-with-cassava-sciences-shares-today">jumped on the last day of the month</a> after the company announced an extension of its open-label trials for its Alzheimer&#8217;s treatment, simufilam. <a href="https://www.benzinga.com/general/biotech/24/07/39891005/cassava-sciences-advances-alzheimers-drug-through-high-stakes-phase-3-trials?_gl=1&#x2A;1ly5tmi&#x2A;_gcl_au&#x2A;MTMxNjc0NDI3OS4xNzE1MTc5Mzc4&#x2A;_ga&#x2A;MTg1OTMzNTE1My4xNzE1MTc5Mzc4&#x2A;_ga_V7ZK73W7N0&#x2A;MTcyMjUxNjU5Ni4zNjguMS4xNzIyNTM5OTA5LjAuMC4w">The company announced</a> the beginning of Phase 3 trials for the drug on July 22.
<ul>
<li>Emergent Biosolutions Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) stock rose by 80%.</li>
</ul>
Healthcare company Emergent Biosolutions saw sustained gains throughout the month before reversing slightly. On July 9, the company <a href="https://www.benzinga.com/general/biotech/24/07/39687792/emergent-biosolutions-and-johnson-johnson-resolve-claims-over-covid-19-vaccine-manufacturing">reached a settlement</a> with Johnson &amp; Johnson to resolve disputes related to J&amp;J&#8217;s COVID-19 vaccine.
<ul>
<li>Humacyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>), whose shares rose by 76%.</li>
</ul>
Humacyte, a biotech company, saw its <a href="https://www.benzinga.com/news/24/07/39802259/whats-going-on-with-huamacyte-shares-tuesday">share price soar</a> after the company entered a license agreement with Pluristyx and received Regenerative Medicine Advanced Therapy (RMAT) designation by the FDA for its&nbsp;<a href="https://www.benzinga.com/news/24/07/39580994/why-humacyte-stock-is-trading-15-higher-monday" target="_blank" rel="noreferrer noopener">Acellular Tissue Engineered Vessel</a>.
Index Performance: The small-cap iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose by over 11% in July, while the large-cap iShares Russell 1000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWB#NYSE">IWB</a>) appreciated by just 1%.
The small-cap outperformance indicated a rebalancing from large caps to small caps. <a href="https://www.benzinga.com/markets/equities/24/06/39340719/inflation-cools-in-may-fed-hints-at-slower-pace-of-rate-cuts-stocks-hit-new-record-highs-this-we">Cooling inflation data</a> increased the perceived likelihood of <a href="https://www.benzinga.com/news/large-cap/24/07/40080168/jerome-powell-finally-concedes-rate-cut-could-be-on-the-table-in-september-stocks-gold-rise-dollar">interest rate cuts</a> by the Federal Reserve by the end of the year.
Want To Learn More?: Chicago is gearing up to host Benzinga's highly anticipated <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">SmallCap Conference 2024 on October 9-10.</a> This event promises to be our biggest yet, with a live-stream audience of 10 million.
Investors will have the exclusive opportunity to connect with emerging small-cap companies, attend captivating presentations, participate in interactive Q&amp;A sessions, and network extensively.
Don't miss out on this unparalleled opportunity:
<ul>
<li><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Register now to secure your spot at Benzinga's Largest SmallCap Conference ever in Chicago!</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

Small Cap Analysis

Small Cap

ETFs

COMM

QTTB

SAVA

SERV

8 Best-Performing Small Caps In July: Find Out Which Stock Jumped 803%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) fell sharply during Monday&#8217;s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from <a href="https://www.benzinga.com/news/24/07/39886199/crowdstrike-faces-downgrades-amid-concerns-over-pricing-and-renewals-following-disruption">Buy to Neutral</a>.
CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world.
Selective Insurance Group shares dipped 13.2% to $264.65 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) gained 135% to $3.72.</li>
<li>Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) jumped 64.5% to $0.9401 after the company announced it will be acquired by Woodside Energy for approximately $900 million.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares climbed 46.6% to $11.08 after Nvidia last week disclosed a stake in the company.</li>
<li>Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) rose 27.2% to $12.82 after the company announced its first Phase 3 trial is expected to conclude by December and its second Phase 3 trial is expected to conclude by June 2025.</li>
<li>MEI Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEIP#NASDAQ">MEIP</a>) surged 24% to $3.55 after the company announced it is considering strategic alternatives.</li>
<li>Society Pass Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) rose 22.8% to $1.56.</li>
<li>LivePerson, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) gained 18.8% to $1.17.</li>
<li>Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) jumped 18.8% to $1.33. Super League Enterprise Director Jeff Patrick Gehl bought a total of 50,000 shares at an average price of $1.11.</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares gained 18.2% to $1.74 after gaining around 228% on Friday.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) gained 17% to $0.3602.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) climbed 16.5% to $2.53.</li>
<li>Embecta Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) gained 16.4% to $15.34. Embecta is scheduled to host a conference call to discuss its fiscal third quarter 2024 financial results on Friday, Aug. 9.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) rose 16.2% to $0.1208 after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) gained 14.7% to $0.3670.</li>
<li>Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) climbed 11.2% to $62.76 after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) in a $2.0 billion all-cash transaction.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) gained 10.5% to $7.88.</li>
<li>Aveanna Healthcare Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAH#NASDAQ">AVAH</a>) rose 10.5% to $3.80. Aveanna Healthcare will release its second quarter results before the market open on Thursday, Aug. 8.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) gained 10.4% to $37.78</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) rose 10% to $1.6050 after the company installed its advanced robotic beverage system, ADAM, at Ghost Kitchens International Inc. in Dawsonville, Georgia.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 9.6% to $53.65 after the company announced a deal to sell its tissue business for $1.06 billion.</li>
<li>SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) gained 9.5% to $23.80 after a failed software update from CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) caused global outages.</li>
<li>TuanChe Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares gained 8.5% to $1.6599 after falling 6% on Friday.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) rose 7.4% to $10.84. TAL Education will release its unaudited financial results for the first quarter, before the opening bell on Thursday, Aug. 1.</li>
<li>MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) rose 5.6% to $18.10.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Linkage Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) shares dipped 29.1% to $3.6303.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) fell 20.7% to $0.0375.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) declined 20.3% to $11.75.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares fell 20.2% to $13.97. Hawaiian Electric Industries shares traded higher on Friday following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Nature Wood Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWGL#NASDAQ">NWGL</a>) dipped 20.2% to $1.98.</li>
<li>Dogness (International) Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) declined 18.3% to $12.17.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) declined 16.8% to $0.1330.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 16.6% to $95.25 after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) fell 16.4% to $2.85.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares fell 16.2% to $0.1912 after gaining around 25% on Friday.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 16.1% to $1.53 after falling around 25% on Friday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) shares fell 16.1% to $0.4490 after surging 76% on Friday.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) declined 12.6% to $10.19 after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) fell 11.1% to $19.68.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) dipped 9.1% to $5.20.</li>
<li>Valens Semiconductor Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) fell 8.6% to $2.64. Valens Semiconductor will release its second quarter 2024 financial results before the opening bell on Wednesday, Aug. 7.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) fell 8.2% to $0.2311 after declining over 4% on Friday.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) declined 6.7% to $10.54.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) declined 6.4% to $38.94 following a second-quarter revenue miss.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) fell 5.3% to $168.18.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39881674/top-4-tech-stocks-that-may-explode-in-july">Top 4 Tech Stocks That May Explode In July</a></li>
</ul>

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Hawaiian Electric Indus

Hawaiian Electric Indus (HE) Forecast

Hawaiian Electric Indus (NYSE:HE) Stock, Quote.Headers.trade-ideas