Pagaya Techs (NASDAQ:PGY) Stock, Quote.Headers.trade-ideas

Pagaya Techs

Pagaya Technologies

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.

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Why Duolingo Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Pagaya Technologies Ltd. - Class A Ordinary Shares

Pagaya Technologies Ltd

PATRIOT ENERGY CORP DE by Patriot Energy Corp.

Patriot Energy Corp

Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) reported weaker-than-expected first-quarter <a href="https://www.benzinga.com/news/earnings/24/09/40943086/darden-misses-q1-earnings-estimates-partners-with-uber-for-delivery-expansion">financial results on Thursday</a>.
The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.
"While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business," said Darden President &amp; CEO Rick Cardenas.
Darden's directors have approved a quarterly cash dividend of $1.40 per share on the company's outstanding common stock. This dividend will be paid on November 1 to shareholders, as recorded as of the close of business on October 10.
Darden's shares gained 8.3% to close at $172.27 on Thursday.
These analysts made changes to their price targets on Darden following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0ed/andrew-charles">TD Cowen analyst Andrew Charles</a> maintained Darden with a Hold and raised the price target from $150 to $165.</li>
<li>Bernstein analyst Danilo Gargiulo downgraded the stock from Outperform to Market Perform and slashed the price target from $190 to $180.</li>
<li>Stephens &amp; Co. analyst Jim Salera maintained Darden with an Equal-Weight and raised the price target from $159 to $164.</li>
<li><a href="https://www.benzinga.com/topic/nick-setyan">Wedbush analyst Nick Setyan</a> maintained the stock with an Outperform and raised the price target from $170 to $200.</li>
<li>Evercore ISI Group analyst David Palmer upgraded Darden Restaurants from In-Line to Outperform and raised the price target from $165 to $205.</li>
</ul>
Considering buying DRI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083911/image-165-1024x495.png" alt="" class="wp-image-558271" style="width:691px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083911/image-165-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083911/image-165-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083911/image-165-768x371.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083911/image-165.png 1331w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Earnings

Price Target

Analyst Ratings

These Analysts Revise Their Forecasts On Darden Restaurants After Q1 Results

Wedbush analyst Richard Anderson reiterates LTC Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>) with a Outperform and maintains $40 price target.

Reiteration

Wedbush Reiterates Outperform on LTC Properties, Maintains $40 Price Target

Scotiabank analyst Andres Coello upgrades Millicom Intl Cellular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>) from Sector Perform to Sector Outperform and raises the price target from $30 to $37.3.

Upgrades

TIGO

Scotiabank Upgrades Millicom Intl Cellular to Sector Outperform, Raises Price Target to $37.3

Scotiabank analyst Andres Coello upgrades TIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIMB#NYSE">TIMB</a>) from Sector Perform to Sector Outperform and raises the price target from $17.5 to $24.8.

TIMB

Scotiabank Upgrades TIM to Sector Outperform, Raises Price Target to $24.8

In the heart of Cape Cod, Massachusetts, Tribal Fire, a Native American-owned cannabis delivery service, is blazing a trail in the fast-growing cannabis industry. Founded by Chef John Marcellino, a member of the Mashpee Wampanoag tribe, and his wife, this family-run business stands out in a market that poses significant challenges for minority entrepreneurs.
As investors set their sights on the Massachusetts cannabis market, Tribal Fire offers key insights. Marcellino&#8217;s journey underscores the value of community partnerships, navigating strict regulations while meeting increasing demands for discreet, high-quality cannabis delivery.
<h3 class="wp-block-heading">Strategic Advice: Find The Right Partner </h3>
Securing funding was a major challenge for Marcellino. &#8220;We were dead in the water," he said, noting the difficulty of raising capital while living on Massachusetts' only tribal reservation. Although he completed the required paperwork and training with the Cannabis Control Commission (CCC), building the facility proved to be an even greater hurdle.
The turning point came when cannabis company <a href="https://www.benzinga.com/markets/cannabis/23/12/36353824/stock-plan-transforms-massachusetts-theory-wellness-employees-into-company-owners">Theory Wellness </a>provided a $250,000 grant, allowing Tribal Fire to move forward. &#8220;It's hard to go to banks in this industry," Marcellino said. Thanks to this support, Tribal Fire officially opened on August 23, 2023.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Delivering Cannabis In Massachusetts</h3>
For now, Marcellino's team delivers only Theory Wellness products with the idea to expand in the future "We focus on Theory Wellness because it's a fantastic product, but we do have the option to carry others," he said.&nbsp;
What sets Tribal Fire apart is its commitment to discretion and customer care, targeting a <a href="https://www.benzinga.com/topic/cannabis-branding">niche marke</a>t of users who prioritize privacy. "About 25% of our customers are people like clergy, police officers, or state workers who don't want to be seen walking into a cannabis store," Marcellino said.
He added that their service plays a critical role in promoting safety, especially during late-night hours. "We often get calls from people who are already partying and don't want to risk driving out to get more alcohol or visit a cannabis store.&#8221;&nbsp;
By delivering discreetly, Tribal Fire provides a safer alternative for those who might otherwise <a href="https://www.benzinga.com/markets/cannabis/24/08/40444497/paradigm-changing-cannabis-breath-test-emerges-as-weed-surpasses-alcohol-in-daily-use">drive under the influence</a>. "In a few years, I believe we'll have solid data showing that our service is helping prevent accidents and keeping people out of trouble."
<h3 class="wp-block-heading">The Cost Of Compliance </h3>
Tribal Fire&#8217;s unique selling point extends beyond its delivery model. "We are the Mercedes-Benz of cannabis delivery in <a href="https://www.benzinga.com/topic/massachusetts-cannabis">Massachusetts</a>," Marcellino joked. But behind that confidence lies a meticulous approach to security and compliance.&nbsp;
The company operates from a state-approved facility, outfitted with 14 cameras, motion detectors and a generator to ensure operations remain secure even during power outages.&nbsp;The&#8217;ve also invested in a steel-reinforced walk-in vault and delivery vehicles equipped with cameras and GPS tracking. All drivers wear body cameras to comply with legal requirements. &#8220;Security is our number one concern, and we've ensured we meet every standard,&#8221; Marcellino said.
Also Read: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
<h3 class="wp-block-heading">Expanding In Cape Cod's Elite Market</h3>
Tribal Fire is strategically positioned for growth in Cape Cod, a prime destination for affluent tourists. Despite the challenges, Marcellino envisions exciting expansion opportunities, including packaging services and cannabis consumption lounges. With Cape Cod's reputation as a luxurious getaway, the potential for a high-end cannabis dining experience is immense.
&#8220;We have room for growth. Space for packaging, and I'm also interested in starting a <a href="https://www.benzinga.com/markets/cannabis/23/07/33175512/exclusive-economic-impact-of-cannabis-lounges-factors-shaping-this-new-consumption-trend">consumption restaurant</a>," Marcellino said, blending his culinary expertise with cannabis-infused cuisine. "I make a great lobster roll. Imagine that with a cannabis cream sauce," he joked. 
Tribal Fire offers an entry point into a <a href="https://www.benzinga.com/markets/cannabis/24/07/40027914/cannabis-tourism-is-destined-for-amazing-growth-best-locations-to-profit">thriving tourism market</a>. Positioned in one of Massachusetts&#8217; most iconic coastal destinations, the business is primed to attract a clientele seeking discreet, high-quality cannabis experiences.
Marcellino is open about needing additional financial support to bring his vision to life.&nbsp;"We're looking for investors. We want to grow. We're ready for it." &nbsp;
<h3 class="wp-block-heading">Takeaway For Investors</h3>
The Massachusetts cannabis market remains one of the most tightly regulated in the U.S., but with the right support, businesses like Tribal Fire are proving that it's possible to succeed. Marcellino's advice for other entrepreneurs looking to enter the industry? &#8220;Be honest. Tell your story. People want to help you, especially in this industry. There's a lot of good people out there who want to see you succeed," he said.
Tribal Fire's journey is far from over, but its early success serves as a beacon of possibility for others. &#8220;We're saving lives, preventing problems, and giving people options. That's what we're all about,&#8221; Marcellino said.
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/09/40886620/how-this-former-dea-consultant-is-making-craft-cannabis-profitable-in-new-jersey-a-dirt-y-little"> How This Former DEA Consultant Is Making Craft Cannabis Profitable In New Jersey: A &#8216;Dirt-y&#8217; Little Secret</a>

Cannabis

Market Summary

Entrepreneurship

Restaurants

Success Stories

Startups

Small Business

Exclusives

Interview

Rolling Into Cape Cod: Minority-Owned Cannabis Delivery 'Tribal Fire' Dishes Out Secret Sauce For Investors

Wedbush analyst Robert Driscoll reiterates Adicet Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACET#NASDAQ">ACET</a>) with a Outperform and maintains $5 price target.

ACET

Wedbush Reiterates Outperform on Adicet Bio, Maintains $5 Price Target

Kroger Extends Exchange Offers And Consent Solicitations For Albertsons Companies For Up To $7,441,608,000 Aggregate Principal Amount Of New Notes And Cash; Extends Expiration Date From Sept. 23 To Sept. 27

SpaceX CEO Elon Musk, on Friday, continued his <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star" target="_blank" rel="noopener">ongoing criticism</a> of the Federal Aviation Administration (FAA) by leveling allegations of a lack of background in the field of aviation and space, at the wrong person.
What Happened: &#8220;Shouldn't the head of an organization responsible for regulating the safety of airplanes &amp; rockets know something about how they work?,&#8221; Musk wrote on social media platform X, formerly Twitter, referring to United States Deputy Secretary of Transportation Polly Trottenberg&#8216;s lack of background in aviation or space. However, Trottenberg is no longer the acting administrator of the FAA. 
<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">Shouldn't the head of an organization responsible for regulating the safety of airplanes &amp; rockets know something about how they work? <a href="https://t.co/4fegHMDS0L">https://t.co/4fegHMDS0L</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1837070410757677485?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trottenberg served as the acting administrator for FAA for merely a few months starting in June 2023 until Michael Whitaker was appointed the administrator in October. 
Whitaker, contrary to Musk&#8217;s opinion on FAA leadership, has a background in aviation. Before becoming FAA administrator, he was the chief operating officer at Supernal, a Hyundai Motor Group company developing an electric vertical take-off and landing (eVTOL) vehicle. He is a private pilot who also worked several years at United Airlines in the past.
Why It Matters: Musk has been criticizing the FAA over the past week &#8211; earlier this week, the CEO blamed the agency for the <a href="https://www.benzinga.com/news/24/09/40932353/spacex-continues-to-prepare-for-future-starship-flights-despite-delays-in-faa-launch-clearance-elon">delay in conducting the test flights</a> of its ambitious Starship launch vehicle.
"Flight 5 (of Starship) is built and ready to fly. Flight 6 will be ready to fly before Flight 5 even gets approved by FAA!," Musk&nbsp;said on Thursday.
He also accused the agency of favoritism towards Boeing after it <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">proposed a fine of $633,009</a> on SpaceX for regulatory violations on Tuesday.
&#8220;The FAA leadership spends their resources attacking SpaceX for petty matters that have nothing to do with safety, while neglecting real safety issues at Boeing. This is deeply wrong and puts human lives at risk,&#8221; Musk wrote on Thursday. 
SpaceX also<a href="https://www.benzinga.com/markets/equities/24/09/40951122/elon-musk-blasts-faa-for-targeting-spacex-over-petty-matters-while-ignoring-boeings-safety-issue"> sent a letter addressed to key members </a>of the U.S. Congress, including Rep.&nbsp;Frank Lucas&nbsp;(R-Okla.) and Rep.&nbsp;Zoe Lofgren&nbsp;(D-Calif.), Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) and Senate Commerce Committee Chair&nbsp;Maria Cantwell&nbsp;(D-Wash.) denying the FAA&#8217;s allegations of regulatory violations while also alleging that the federal agency lacks the resources to review licensing commercial spaceflight operations. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40934031/teamsters-opts-to-not-endorse-either-harris-or-trump-for-upcoming-presidential-elections-citing-fail" target="_blank" rel="noreferrer noopener">Teamsters Opts To Not Endorse Either Harris Or Trump For Upcoming Presidential Elections, Citing Failure To Secure Pledges Of Non-Interference In Union Campaigns</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Tech

SpaceX CEO Elon Musk Rains Criticism At Wrong Person In His Ongoing Tirade Against FAA

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/19/final-trades-target-home-depot-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link of Hightower named Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) as her final trade.
On Thursday, Target tapped PepsiCo, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) Jim Lee as its CFO and a member of its leadership team, effective Sept. 22. Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. 
Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
Kevin Simpson of Capital Wealth Planning said The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) would be a tremendous beneficiary of lower interest rates. The company has a dividend yield of 2.3%, he added.
Home Depot recently agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout. The lawsuit, filed by prosecutors from six California counties, accused the retailer of "scanner violations," where the prices at checkout were higher than the advertised prices. The case was brought to the San Diego County Superior Court, reported NBC News.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Target gained 1.9% to close at $156.49 during Thursday's session.</li>
<li>Home Depot shares gained 1.7% to settle at $390.34 on Thursday.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2% during Thursday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Target, Home Depot And More On CNBC's 'Final Trades'

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $215 to $200. Morgan Stanley analyst Ravi Shanker downgraded the stock from Equal-Weight to Underweight. FedEx shares gained 0.7% to close at $300.39 on Thursday.<a href="https://www.benzinga.com/quote/FDX/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Loop Capital cut the price target for Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from $50 to $45. Loop Capital analyst Alton Stump maintained a Hold rating. Cracker Barrel shares fell 1.1% to close at $41.11 on Thursday. <a href="https://www.benzinga.com/quote/cbrl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) price target from $72 to $62. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Terex shares fell 3.6% to close at $53.83 on Thursday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) price target from $3,900 to $3,350. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. AutoZone shares fell 1.1% to close at $3,040.09 on Thursday. <a href="https://www.benzinga.com/quote/azo/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $100 to $110. Baird analyst Jonathan Komp maintained an Outperform rating. NIKE rose 0.1% to close at $80.98 on Thursday. S<a href="https://www.benzinga.com/quote/nke/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Piper Sandler increased Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $320 to $329. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares fell 0.3% to close at $335.24 on Thursday. <a href="https://www.benzinga.com/quote/acn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $150 to $165. TD Cowen analyst Andrew Charles maintained a Hold rating. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/dri/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital decreased the price target for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from $50 to $40. RBC Capital analyst Matthew Hedberg downgraded the stock from Outperform to Sector Perform. Rapid7 shares rose 1.5% to close at $34.35 on Thursday.<a href="https://www.benzinga.com/quote/rpd/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Needham cut DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) price target from $33 to $22. Needham analyst Laura Martin maintained a Buy rating. DoubleVerify shares fell 0.4% to close at $17.23 on Thursday. <a href="https://www.benzinga.com/quote/dv/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) price target from $18 to $30. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. American Healthcare shares gained 3.6% to close at $25.41 on Thursday. <a href="https://www.benzinga.com/quote/ahr/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying Nike stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png" alt="" class="wp-image-558256" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164.png 1415w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

CBRL

Nike To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Friday

WIIM

FBIO

Fortress Biotech shares are trading lower after the company announced the pricing of a $8 million registered direct offering and concurrent private placements.

Management

CDXC

ChromaDex Names Ozan Pamir As CFO

Offerings

Fortress Biotech Prices $8M Registered Direct Offering Of 3,939,394 Shares At $1.65/Share; In Concurrent Private Placements To Issue To Investors Warrants To Purchase 3,939,394 Shares Of Common Stock At $1.84/Share

FCUV

Focus Universal Announces Listing Transfer To Nasdaq Capital Market, Effective September 23, 2024

EnerSys Selected For $199M Award Negotiation By U.S. Department Of Energy To Develop Lithium-Ion Cell Gigafactory In South Carolina, With Plans To Invest $615M Over Four Years

Biotech

General

DRTS

Alpha Tau Receives FDA Approval To Begin Multi-Center Study Of Alpha DaRT For Immunocompromised Patients With Recurrent cSCC

DaVinci, a vaporization technology company <a href="https://www.benzinga.com/cannabis">beloved by cannabis enthusiasts</a>, has unveiled its latest innovation, the IQ3 vaporizer, which promises to deliver a cooler, cleaner and more flavorful vaping experience. 
Featuring the patented Cool Core system, this device cools vapor by 50% compared to earlier DaVinci models, enhancing the overall session by offering a refreshingly smooth sensation with every puff. The introduction of this system caters to consumers who prioritize flavor, ensuring the purest possible vapor.
The Cool Core chamber, made from zirconia glass, is a standout feature. It not only delivers cool vapor but can be pre-chilled in the freezer for an even frostier hit. This attention to temperature control sets the IQ3 apart from its predecessors. According to DaVinci, this system allows users to truly taste the terpenes, ensuring a heightened, more enjoyable high.
<h3 class="wp-block-heading">Larger Oven, Superior Construction</h3>
Designed for the modern consumer, the IQ3 boasts a 33% larger oven capable of holding up to 0.7 grams of material, making it ideal for extended solo sessions. The oven's zirconia glass pearl further optimizes heating, ensuring consistent results with every use.
See also: <a href="https://www.benzinga.com/markets/cannabis/23/07/33272740/8-cannabis-vapes-that-will-blow-your-mind-because-vaping-doesnt-have-to-be-disappointing">8 Cannabis Vapes That Will Blow Your Mind &#8211; Because Vaping Doesn&#8217;t Have To Be Disappointing</a>
The IQ3 also embraces durability without sacrificing elegance. It is constructed from aircraft-grade brushed aluminum and incorporates zirconia glass vapor paths, which preserve the integrity of the flavors while ensuring an airtight seal for a smooth draw. This combination of robust materials with cutting-edge technology ensures a vaporizer that's built to last while providing an unmatched vaping experience.
<h3 class="wp-block-heading">Personalized Vaping Experience</h3>
Beyond the Cool Core system, the IQ3 offers a fully customizable experience. It comes equipped with DaVinci's Smart Path technology, allowing users to select one of four preset temperature paths or adjust the temperature manually with precision control down to 1°F. This ensures each session can be tailored to individual preferences.
A new Air Dial feature boosts air velocity by 70%, creating smoother, more flavorful hits. The temperature control allows the device to heat up to 430°F (221°C) within 30 seconds, ensuring minimal waiting between sessions. Combined with a removable 21700 battery that provides up to 90 minutes of run time, the IQ3 is designed for longevity and convenience. Type-C charging also ensures a fast recharge, making it easy to maintain throughout the day.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Built For The Connoisseur</h3>
The IQ3 is engineered for the discerning vape enthusiast. It provides on-device and in-app dosage control, allowing users to carefully track and adjust their consumption. The device has been rigorously tested for heavy metals, offering peace of mind to users, the company says.
This vaporizer doesn't just deliver cool vapor; it's built for pure flavor and precise control. The 0.7g oven capacity is specifically designed for dry herbs, appealing to those who prefer natural materials. The combination of innovative cooling, precise temperature settings and a large-capacity oven sets the IQ3 apart from other vaporizers in its class.
Retailing at $299, the device comes with a 10-year warranty.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy of DaVinci.

Cannabis Vaping Redefined: DaVinci's New IQ3 Offers Cool Vapor, Enhanced Flavor

B of A Securities analyst Joshua Shanker maintains Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) with a Buy and raises the price target from $47 to $56.

TRUP

B of A Securities Maintains Buy on Trupanion, Raises Price Target to $56

U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.
Shares of FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">estimates of $4.80 per share</a>.
FedEx shares dipped 13.1% to $260.92 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares dipped 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) shares declined 5.4% to $25.99 in the pre-market trading session as the company reported downbeat first-quarter financial results on Thursday.</li>
<li>Adient plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares fell 5.1% to $21.43 in pre-market trading.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares declined 5% to $22.75 in pre-market trading.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) slipped 5% to $3.46 in pre-market trading.</li>
<li>Hafnia Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) shares fell 4.9% to $7.34 in pre-market trading.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares declined 3.1% to $186.45 in pre-market trading. Lennar reported better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

ADNT

HAFN

MLKN

RZLV

VEEA

FedEx Reports Downbeat Results, Joins MillerKnoll And Other Big Stocks Moving Lower In Friday's Pre-Market Session

FDX: -13% &#x7C; <a href="https://www.benzinga.com//node/40955401">FedEx shares are trading lower after the company reported worse-than-expected Q1 financial results and cut FY25 guidance. Also, Baird maintained an Outperform rating on the stock but lowered its price target from $340 to $320.</a>
&nbsp;
TNON: 85% &#x7C; <a href="https://www.benzinga.com//node/40947542">Tenon Medical shares are trading higher after the company announced the issuance of three notices of allowance for patent applications from the UPSTO.</a>
&nbsp;
GNFT: 22% &#x7C; <a href="https://www.benzinga.com//node/40955656">GENFIT shares are trading higher. The company reported H1 financial results.</a>

GNFT

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The latest announcement is out from Pagaya Technologies Ltd ( ($PGY) ). Scott Bower has resigned as the principal accounting officer of Pagaya Tech...

Pagaya Technologies Announces Principal Accounting Officer Transition

CIFR

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Pagaya Announces Agreement to Purchase Leading Consumer Credit Funds Manager, Theorem Technology, Inc.

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Seasoned Fintech and Technology Silicon Valley Executive, Ralph L. Leung, Joins Pagaya as Chief Operating Officer & Chief Commercial Officer

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Pagaya Reports Second Quarter and First Half 2024 Results

Former Citi and U.S. Bank Executive Rajinder Singh Joins Pagaya as Chief Risk Officer

Pagaya Announces Appointment of Josh Fagen as Head of Investor Relations and COO of Finance

Pagaya Closes New $500 Million Consumer Loan ABS Deal, Reflecting Continued Strong Investor Demand

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