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JP Morgan analyst Andrea Teixeira maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and lowers the price target from $66 to $65.

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Analyst Ratings

JP Morgan Maintains Overweight on Coca-Cola, Lowers Price Target to $65

Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has been reportedly gathering intelligence secretly on its competitors for nearly a decade under the guise of Big River Services International.
What Happened: Big River Services International, a covert arm of Amazon, has been selling goods through various e-commerce platforms, including eBay, Shopify, Walmart and Amazon itself, generating around $1 million in annual sales.
Originating from a 2015 plan code-named &#8220;Project Curiosity,&#8221; Big River uses its sales data to gather information about rival e-commerce marketplaces, logistics operations, and payment services, The Wall Street Journal <a href="https://www.wsj.com/business/retail/amazon-secret-operation-intel-rivals-eb82ea3c">reported</a>. This intelligence is then utilized by Amazon to guide its business decisions.
The revelation of Big River&#8217;s activities offers new insight into Amazon&#8217;s efforts to stay ahead of its competitors like Walmart. The operation&#8217;s team members attended rivals&#8217; seller conferences and met with competitors, identifying themselves only as employees of Big River Services.
Senior Amazon executives, including Doug Herrington, Amazon's current CEO of Worldwide Amazon Stores, were reportedly regularly briefed on the Project Curiosity team's work.
At the time of publishing this article, Amazon has yet to respond to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s emailed queries.
See Also: <a href="https://www.benzinga.com/news/24/04/38311301/telegram-founder-tells-tucker-carlson-that-billion-user-platform-operates-lean-hr-free-with-only-30?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Telegram Founder Tells Tucker Carlson That Billion-User Platform Operates Lean, HR-Free With Only 30 Staff: &#8216;I Am The Only Product Manager&#8217;</a>
Why It Matters: As the largest U.S. e-commerce company, Amazon is currently facing antitrust charges from the U.S. Federal Trade Commission and 17 states. The charges accuse Amazon of behavior that harms sellers on its marketplace, including anti-discounting measures.
Amazon&#8217;s strategic efforts have been focused on <a href="https://www.benzinga.com/news/24/03/37866299/amazon-amps-up-delivery-speed-and-trust-to-tackle-alibaba-rivals-temu-and-sheins-rapid-us-expansion">countering the rise of emerging e-commerce</a> platforms like Temu and Shein, which have gained significant traction in the U.S. market. Additionally, Amazon has been boosting its cashierless tech in stores to outdo <a href="https://www.benzinga.com/news/24/04/38313218/amazon-aims-to-outdo-walmarts-retail-game-boosts-cashierless-tech-in-stores">Walmart&#8217;s retail game</a>.
Meanwhile, <a href="https://www.benzinga.com/markets/24/03/37700853/walmart-proved-its-a-worthy-opponent-to-both-amazon-and-google">Walmart has been proving itself </a>as a worthy opponent to both Amazon and Google with its AI-powered search engine contribution to the grocery shopping revolution.
Read Next: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
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 Engineered by Benzinga Neuro, Edited by 
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 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
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AMZN

Amazon's Covert Operation 'Big River' Gathered Intel On Rivals For Nearly A Decade: Report

GSUN

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

The Dow Jones index closed higher by around 0.1% on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Mobile Infrastructure</h3>
<ul>
<li>The Trade: Mobile Infrastructure Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEEP#NYSE">BEEP</a>) CEO Manuel Chavez III <a href="https://www.benzinga.com/quote/BEEP/analyst-ratings">acquired a total of 16,861 shares</a> an average price of $3.45. To acquire these shares, it cost around $58,170.</li>
<li>What's Happening: Mobile Infrastructure is expected to issue its first quarter 2024 earnings release on May 15, 2024.</li>
<li>What Mobile Infrastructure Does: Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States.</li>
</ul>
<h3 class="wp-block-heading">GrafTech International</h3>
<ul>
<li>The Trade: GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) 10% owner Colonial House Capital Ltd <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 2,303,599 shares at</a> at an average price of $1.78. To acquire these shares, it cost around $4.1 million.</li>
<li>What's Happening: GrafTech International is scheduled to hold its first quarter 2024 earnings conference call on April 26, 2024.</li>
<li>What GrafTech International Does: GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals.</li>
</ul>

<h3 class="wp-block-heading">Vuzix</h3>
<ul>
<li>The Trade: Vuzix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) President and CEO Paul J Travers <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 7,500 shares</a> at an average price of $1.34. The insider spent around $10,062 to buy those shares.</li>
<li>What's Happening: On April 15, Vuzix posted downbeat quarterly sales.</li>
<li>What Vuzix Does: Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329051/investor-optimism-edges-lower-s-p-500-settles-lower-for-fifth-session">Investor Optimism Edges Lower; S&amp;P 500 Settles Lower For Fifth Session</a>

Long Ideas

Insider Trades

Mobile Infrastructure Corporation Common Stock

BEEP

VUZI

Over $4M Bet On This Industrial Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

Cantor Fitzgerald analyst Andres Sheppard maintains VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) with a Overweight and lowers the price target from $9 to $8.

Cantor Fitzgerald Maintains Overweight on VinFast Auto, Lowers Price Target to $8

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading" id="h-hempacco-co-inc-nasdaq-hpco">Hempacco Co., Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPCO#NASDAQ">HPCO</a>)</h3>
<ul>
<li>On March 28, Hempacco signed three month media contract, for the continuation of filming and broadcasting tailored interviews and streaming digital billboard aids in New York City. The company's stock fell around 64% over the past month and has a <a href="https://www.benzinga.com/quote/HPCO">52-week low of $0.91</a>.</li>
<li>RSI Value: 28.00</li>
<li>HPCO Price Action: Shares of Hempacco gained 1% to close at $0.97 on Thursday.</li>
</ul>
<h3 class="wp-block-heading" id="h-walgreens-boots-alliance-inc-nasdaq-wba-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 1, Morgan Stanley analyst Erin Wright maintained Walgreens with an Underweight and lowered the price target from $21 to $20. The company's stock fell around 15% over the past month. It <a href="https://www.benzinga.com/quote/WBA">has a 52-week low </a> of $17.51.</li>
<li>RSI Value: 28.77</li>
<li>WBA Price Action: Shares of Walgreens fell 0.2% to close at $17.59 on Thursday.</li>
</ul>
<h3 class="wp-block-heading" id="h-beyond-meat-inc-nasdaq-bynd">Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>)</h3>
<ul>
<li>On March 18, Beyond Meat filed for a mixed securities shelf offering. The company's stock fell around 20% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/BYND">low of $5.58</a>.</li>
<li>RSI Value: 29.61</li>
<li>BYND Price Action: Shares of Beyond Meat fell 0.5% to close at $6.40 on Thursday.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>

Pre-Market Outlook

BYND

HPCO

Top 3 Risk Off Stocks That May Rocket Higher This Month

Jefferies analyst Stephanie Wissink maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $61 to $63.

Jefferies Maintains Buy on Hasbro, Raises Price Target to $63

Wedbush analyst Daniel Ives reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Outperform and maintains $300 price target.

Reiteration

TSLA

Wedbush Reiterates Outperform on Tesla, Maintains $300 Price Target

DCFC

Trading Halt: Halted at 8:49:51 a.m. ET - Trading Halt: Halt News Pending

DCFCW

Despite a Delaware judge voiding&nbsp;Elon Musk&#8216;s record-breaking 2018 pay package in January, citing unfairness to investors,&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has secured a critical supporter&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package" rel="noreferrer noopener">for its reinstatement</a>:&nbsp;T. Rowe Price, the company&#8217;s tenth-largest shareholder.
What Happened: This backing from a major investor, as reported by Reuters, adds a significant layer of intrigue to the upcoming special vote at Tesla&#8217;s June 13 annual shareholder meeting. The vote seeks re-approval of the 2018 compensation plan, which the court deemed unfair due to the board&#8217;s negotiation process.
T. Rowe Price stands in stark contrast to the court&#8217;s decision. In a statement, the investment firm underscored its belief that&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36859717/elon-musk-sours-on-delaware-after-judge-strikes-down-56b-package-asks-x-followers-if-tesla-should-ch" rel="noreferrer noopener">the 2018 plan</a>&nbsp;aligned with the interests of long-term investors. They further emphasized Musk&#8217;s success in fulfilling the ambitious goals outlined in the original agreement.
Why It Matters:&nbsp;This position by T. Rowe is noteworthy&nbsp;considering&nbsp;their significant stake in Tesla.&nbsp;
With 22.4 million shares held as of Dec. 31, their vote carries substantial weight. Their support suggests confidence in Musk&#8217;s leadership and the long-term value-creation potential&nbsp;tied to&nbsp;the performance-based pay package.
While Tesla argues the court&#8217;s decision left Musk uncompensated for the past six years, and the board chair echoed concerns about fairness, the focus now shifts to the broader investor base.&nbsp;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/government/24/04/38331377/tesla-recalls-over-3-800-cybertrucks-citing-unintended-acceleration-risk">Tesla Recalls Over 3,800 Cybertrucks, Cites Unintended Acceleration Risk</a>
Photo via Shutterstock

Management

Tech

Media

Tesla Shareholder Vote: Musk Receives Backing From 10th Biggest Investor For Pay Plan — Will Others Follow?

Guidance

American Express CFO Says We Are On Track To Increase Marketing Spend In 2024 Versus Last Year

On <a href="https://www.benzinga.com/topic/mad-money">CNBC's &#8220;Mad Money Lightning Round,&#8221;</a> Jim Cramer recommended holding ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)
Rhythm Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYTM#NASDAQ">RYTM</a>) is a &#8220;speculative play,&#8221; Cramer said, &#8220;I am not against speculating biotechs right now. Looks like that there are so many bids, I'm willing to let a stock catch fire.&#8221;
The &#8220;Mad Money&#8221; host recommended buying some Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and then wait until under $60 to buy the rest.
When asked about Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), he said, &#8220;You got to be making some money in that business. If you're not making any money in that business, then I can't say to buy the stock.&#8221;
Cramer said he likes Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) very much. &#8220;I do think that right now we're having a pause in that group,&#8221; he added. &#8220;Let's wait until that stock goes lower, and we'll feel better.&#8221;
Aspen Aerogels, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is &#8220;up so big, and what a great opportunity to sell the stock of a money-losing company after you've made a lot of money,&#8221; Cramer said. He recommended taking the profit.
Cramer recommended not selling McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>).
When asked about The PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), he said, &#8220;You buy some now, and you buy some down 10%, and you will have a terrific position that will last for a very long time.&#8221;
Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) is too low to sell, Cramer said.
Price Action:
<ul>
<li>ConocoPhillips shares fell 0.4% to settle at $127.81 on Thursday.</li>
<li>Enovix shares dipped 9.4% to close at $6.01.</li>
<li>Vale shares fell 0.1% to settle at $11.84 on Thursday.</li>
<li>PNC shares gained 0.4% to close at $147.89 on Thursday.</li>
<li>McKesson shares slipped 1.4% to settle at $518.81 on Thursday.</li>
<li>Shares of Aspen Aerogels fell 1.7% to settle at $14.82 on Thursday.</li>
<li>Rhythm Pharmaceuticals shares fell 0.9% to close at $38.11 on Thursday.</li>
<li>Marvell Technology shares fell 1.9% to settle at $65.24 during Thursday's session.</li>
<li>Lam Research shares fell 2.6% to close at $888.92.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>
Image: Shutterstock

ASPN

ENVX

LRCX

MRVL

RYTM

VALE

Jim Cramer Is 'Willing To Let This Pharma Stock Catch Fire,' Advises Not To Sell McKesson

WIIM

AGBA

AGBA Group shares are trading higher on continued upward momentum after the company announced it entered into a definitive merger agreement with Triller.

The French industrial giant&nbsp;Schneider Electric&nbsp;SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) has&nbsp;<a target="_blank" href="https://www.se.com/ww/en/assets/564/document/465961/schneider-electric-press-release-19-04-2024.pdf" rel="noreferrer noopener">confirmed&nbsp;</a>holding discussions for a potential acquisition of&nbsp;Bentley Systems&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>), a company known for its engineering software solutions.&nbsp;
As per the Schneider Electric statement, discussions regarding a potential transaction remain at a preliminary stage, emphasizing the lack of certainty regarding the outcome of these talks.
Bentley Systems also acknowledged the&nbsp;public statement&nbsp;made today by Schneider Electric&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38331965" rel="noreferrer noopener">in response to recent market speculation.</a>
Earlier, The&nbsp;Wall Street Journal&nbsp;<a target="_blank" href="https://www.wsj.com/business/deals/schneider-electric-in-talks-to-take-control-of-bentley-systems-d0aad58f?mod=hp_lista_pos2" rel="noreferrer noopener">reported&nbsp;</a>that Schneider Electric and Bentley Systems are considering merging Schneider&#8217;s software business with Bentley, potentially resulting in a deal exceeding $15 billion.&nbsp;
Despite the potential merger, Bentley&nbsp;is expected&nbsp;to remain a publicly traded entity, albeit significantly&nbsp;larger&nbsp;than before.
Bentley Systems, a family-controlled company co-founded by brothers Keith and Barry Bentley in 1984, specializes in providing software for structural and civil engineers involved in infrastructure projects.
Their software&nbsp;is utilized&nbsp;across various sectors, including transportation, water treatment, and construction.
With an annual revenue surpassing $1 billion, Bentley Systems went public in 2020. The recent leadership transition saw Chief Executive Greg Bentley assuming the role of executive chair of the board of directors, with Nicholas Cumins set to become the<a target="_blank" href="https://www.benzinga.com//node/37867934" rel="noreferrer noopener">&nbsp;new chief executive effective July 1.</a>
According to the report, Schneider Electric, valued at approximately $127 billion, has a history of strategic acquisitions to bolster its industrial software portfolio, aiming to compete with industry giants like&nbsp;Siemens&nbsp;AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SIEGY#OTC">SIEGY</a>) and&nbsp;Rockwell Automation Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>).
The potential acquisition of Bentley Systems follows Schneider&#8217;s earlier move in 2017 when it acquired the British&nbsp;engineering-software&nbsp;provider&nbsp;Aveva Group.
Price Action: BSY, which closed higher by 3.89% at $52.06 on Thursday, is trading lower by 0.12% at $52 premarket Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

SBGSF

SBGSY

SIEGY

What's Going On With Bentley Systems Stock Amid Multibillion-Dollar Merger Talks?

Tech billionaire and X owner <a href="https://www.benzinga.com/topic/elon-musk">Elon Musk</a> has issued a stern warning to users doing &#8220;engagement farming&#8221; activities on his social media platform.
What Happened: Musk has warned users on X, formerly Twitter, about the consequences of &#8220;engagement farming&#8221; and has threatened to suspend the accounts involved.
"Any accounts doing engagement farming will be suspended and traced to source."
Engagement farming refers to the practice of artificially boosting the engagement metrics of an account, such as likes, retweets, and followers, through the use of automated systems or other means.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38243800/another-setback-for-elon-musk-after-ccdh-lawsuit-thrown-out-media-matters-wins-injunction-against-te" target="_blank" rel="noreferrer noopener">Another Setback For Elon Musk: After CCDH Lawsuit Thrown Out, Media Matters Wins Injunction Against Texas AG's Investigation</a>
On Friday, Musk took to X to address this issue. Accounts found to be artificially boosting engagement metrics could be suspended. A similar policy is also applied on Reddit, where users who engage in vote brigading are suspended.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Musk did not elaborate on the methods that would be used to trace the source of the engagement farming activities.
<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">Any accounts doing engagement farming will be suspended and traced to source
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781183251731677264?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Musk&#8217;s warning comes as a response to the increasing prevalence of fake accounts and automated systems on social media platforms, which are used to artificially inflate the popularity of certain users or content.
On Monday, Musk announced that X will start charging a "small fee" to allow new users to post on the social media platform to <a href="https://www.benzinga.com/news/24/04/38264187/elon-musk-says-charging-new-x-users-a-small-fee-is-the-only-way-to-curb-bot-onslaught">curb the onslaught of bots</a>.
This was after a test that X carried out in New Zealand and the Philippines in November. Musk&#8217;s X&nbsp;<a href="https://www.benzinga.com/news/23/10/35300682/just-joining-elon-musks-x-you-will-now-have-to-shell-out-1-for-proper-access-if-you-live-in-these-tw" target="_blank" rel="noreferrer noopener">introduced a $1 annual subscription fee</a> as part of the "Not A Bot" program to mitigate spam, manipulation, and bot activity.
Check out more of Benzinga's Future Of Consumer Tech by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Luna Innovations shares are trading lower after the company announced the restatement of financial statements due to identified accounting errors relating to revenue recognition.

Jefferies analyst Brent Thill maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raises the price target from $175 to $180.

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Jefferies Maintains Buy on Alphabet, Raises Price Target to $180

Goldman Sachs analyst George Tong maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Neutral and lowers the price target from $276 to $241.

Goldman Sachs Maintains Neutral on Equifax, Lowers Price Target to $241

Innovative Industrial Properties, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) shares closed slightly <a href="https://www.benzinga.com/real-estate/reit/24/02/37095768/3-high-yield-reits-with-the-best-total-return-over-the-past-three-months">higher during Thursday's session</a>.
On March 15, Innovative Industrial Properties said its board of directors declared a first-quarter 2024 dividend of $1.82 per share of common stock.
The San Diego-based company reported better-than-expected earnings results for its fourth quarter on Feb. 26, 2024. Piper Sandler analyst Alexander Goldfarb maintained Innovative Industrial Properties with a Neutral and raised the price target from $85 to $103 following the release of quarterly earnings.
With the recent buzz around Innovative Industrial Properties, some investors may be eyeing potential gains from the company's dividends. As of now, Innovative Industrial Properties has a dividend yield of 7.75%, which is a quarterly dividend amount of $1.82 a share ($7.28 a year).
To figure out how to earn $500 monthly from Innovative Industrial Properties, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Innovative Industrial Properties' $7.28 dividend: $6,000 / $7.28 &nbsp;= 824 shares
So, an investor would need to own approximately $77,357 worth of Innovative Industrial Properties, or 824 shares, to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $7.28 = 165 shares, or $15,490 to generate a monthly dividend income of $100.
Also Read: <a href="https://www.benzinga.com/news/24/04/38289255/crowdstrike-wayfair-and-2-other-stocks-insiders-are-selling">CrowdStrike, Wayfair And 2 Other Stocks In</a><a href="https://www.benzinga.com/news/24/04/38289255/crowdstrike-wayfair-and-2-other-stocks-insiders-are-selling">siders Are Selling</a>
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
IIPR Price Action: Shares of Innovative Industrial Properties rose 0.3% to close at $93.88 on Thursday.
Read More: <a href="https://www.benzinga.com/news/24/04/38322367/wall-streets-most-accurate-analysts-views-on-3-utilities-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Utilities Stocks Delivering High-Dividend Yields</a>

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How To Earn $500 A Month From Innovative Industrial Properties Stock

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