Short interest for Tongdao Liepin Group gives investors a sense of the degree to which investors are betting on the decline of Tongdao Liepin Group's stock. Short interest data is updated every two weeks.

Tongdao Liepin Group Stock (OTC:TGDLF), Short Interest Report

Tongdao Liepin Group is a China-based company engaged in the provision of talent acquisition services to individuals, businesses, and headhunters. The company provides a platform for job seekers to seek career opportunities by connecting them to companies hiring. The firm delivers talent services to individual users mainly through its website, mobile application, and WeChat official account.

TONGDAO LIEPIN GROUP by TONGDAO LIEPIN GROUP

Tongdao Liepin Group

The Nasdaq 100 closed higher by around 0.2% on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. 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">Alphabet</h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Director John L Hennessy <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $168.08. The insider received around $252,123 from selling those shares.</li>
<li>What's Happening: has initiated legal proceedings against tech giant, Google, accusing it of monopolistic practices in its digital advertising products. Rumble is seeking damages in excess of $1 billion.</li>
<li>What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary.</li>
</ul>
Have a look at our <a href="ps://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">First Solar</h3>
<ul>
<li>The Trade: First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) Director Richard D Chapman s<a href="https://www.benzinga.com/sec/insider-trades/">old a total of 7,150 shares</a> at an average price of $190.69. The insider received around $1.36 million from selling those shares.</li>
<li>What's Happening: On May 1, First Solar reported upbeat results for the first quarter.</li>
<li>What First Solar Does: First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects.</li>
</ul>
<h3 class="wp-block-heading">Chevron</h3>
<ul>
<li>The Trade: Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) Director Enrique Hernandez Jr <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,549 shares</a> at an average price of $165.24. The insider received around $421,207 from selling those shares.</li>
<li>What's Happening: On May 13, Mizuho analyst Nitin Kumar maintained Chevron with a Buy and raised the price target from $200 to $205.</li>
<li>What Chevron Does: Chevron is an integrated energy company with exploration, production, and refining operations worldwide.</li>
</ul>
<h3 class="wp-block-heading">Amazon.com</h3>
<ul>
<li>The Trade: Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Director Jonathan Rubinstein <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 5,264 shares</a> at an average price of $190.00. The insider received around $1 million from selling those shares.</li>
<li>What's Happening: Amazon.com is reportedly making a significant investment exceeding €1.2 billion ($1.3 billion) in its French operations, aiming to create over 3,000 permanent positions within the country.</li>
<li>What Amazon.com Does: Amazon is the leading online retailer and marketplace for third party sellers.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38807221/home-depot-paysafe-and-3-stocks-to-watch-heading-into-tuesday">Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday</a>

News

Short Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

AMZN

FSLR

GOOG

GOOGL

Amazon, Alphabet And 2 Other Stocks Insiders Are Selling

Bitcoin Depot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTM#NASDAQ">BTM</a>) reported quarterly sales of $138.539 million which beat the analyst consensus estimate of $136.377 million by 1.59 percent.

Earnings

Earnings Beats

Bitcoin Depot Q1 Sales $138.539M Beat $136.377M Estimate

Wedbush analyst David Nierengarten reiterates Sutro Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) with a Outperform and maintains $8 price target.

Price Target

Reiteration

Analyst Ratings

STRO

Wedbush Reiterates Outperform on Sutro Biopharma, Maintains $8 Price Target

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 5.06%</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.</li>
<li>Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On May 6, Methode Electronics named Kevin Nystrom as interim CEO, effective immediately.</li>
</ul>
<h3 class="wp-block-heading">Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>)</h3>
<ul>
<li>Dividend Yield: 4.66%</li>
<li>JP Morgan analyst Sandeep Deshpandemaintained a Neutral rating and cut the price target from $5.81 to $5.58 on April 17. This analyst has an accuracy rate of 76%.</li>
<li>Raymond James analyst Simon Leopolddowngraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On May 10, Ericsson said Senior Vice President and Head of Market Area Middle East &amp; Africa Fadi Pharaon will resign at the end of August.</li>
</ul>
<h3 class="wp-block-heading">International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</h3>
<ul>
<li>Dividend Yield: 3.99%</li>
<li>BMO Capital analyst Keith Bachmanmaintained a Market Perform rating and cut the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and lowered the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On May 8, IBM and SAP announced plans to expand collaboration to help clients become next-generation enterprises with generative AI.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38807221/home-depot-paysafe-and-3-stocks-to-watch-heading-into-tuesday">Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday</a>

Dividends

ERIC

Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields

Candel Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>) reported quarterly losses of $(0.28) per share. This is a 6.67 percent increase over losses of $(0.30) per share from the same period last year.

CADL

Candel Therapeutics Q1 EPS $(0.28) Up From $(0.30) YoY

Shares of Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) rose sharply in today's pre-market trading following better-than-expected <a href="https://www.benzinga.com/quote/ALC/earnings">first-quarter earnings.</a>
Alcon posted adjusted earnings of 78 cents per share, beating market expectations of 63 cents per share. The company's quarterly sales came in at $2.444 billion versus estimates of $2.462 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Alcon shares jumped 10.8% to $89.40 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 40.2% to $42.70 in pre-market trading after jumping over 74% on Monday.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 39.2% to $0.0849 in pre-market trading after jumping over 32% on Monday.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares gained 38.3% to $7.18 in pre-market trading after surging 78% on Monday.</li>
<li>Warrantee Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) rose 31.6% to $0.41 in today's pre-market trading.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares gained 31% to $2.62 in pre-market trading after gaining around 18% on Monday.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) gained 25.2% to $3.88 in pre-market trading after adding around 7% on Monday.</li>
<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares rose 19.2% to $23.80 in pre-market trading after gaining over 12% on Monday.</li>
<li>Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares rose 14.1% to $2.27 in pre-market trading.</li>
<li>Paysafe Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>) gained 13% to $17.70 in pre-market trading as the company posted better-than-expected results for its first quarter.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares dipped 34.2% to $1.54 in pre-market trading after the company reported first-quarter financial results.</li>
<li>Inotiv, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOTV#NASDAQ">NOTV</a>) shares fell 30.2% to $2.91 pre-market trading after gaining over 10% on Monday</li>
<li>Akoya Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) dipped 20.6% to $3.27 in pre-market trading after the company reported worse-than-expected first-quarter financial results and lowered its FY24 revenue forecast.</li>
<li>Scorpius Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NYSE">SCPX</a>) shares fell 17.4% to $0.15 in pre-market trading. Scorpius Holdings, last week, announced the appointment of Shari Udoff-McDonald as VP of Business Development.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) shares declined 13.1% to $1.06 in pre-market trading after jumping over 20% on Monday.</li>
<li>BIOLASE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOL#NASDAQ">BIOL</a>) shares fell 11.6% to $0.1598 in pre-market trading after the company reported mixed first-quarter financial results.</li>
<li>StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares declined 9.3% to $15.10 in pre-market trading after the company reported first-quarter financial results.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) shares fell 9.3% to $2.03 in pre-market trading after the company reported downbeat results for its first quarter on Monday.</li>
<li>TMC the metals company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>) shares fell 8.6% to $1.39 in pre-market trading after the company reported first-quarter financial results.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) shares dipped 8.2% to $2.83 in pre-market trading. Applied DNA Sciences shares fell 12% on Monday after the company reported worse-than-expected second-quarter financial results.</li>
</ul>
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Movers

AKYA

APDN

AUGX

BIOL

FFIE

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

INVO

NOTV

PSFE

RENT

SCPX

STNE

TLRY

WRNT

WULF

Why Alcon Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Macro Notification

Econ #s

General

Core PPI (MoM) +0.5% vs +0.2% Est.

Macro Economic Events

Economics

PPI (MoM) For April 0.5% Vs 0.3% Est.; -0.1% Prior

Known for his many business ventures, Mark Cuban has also been a long-term investor in crypto, specifically taking large positions in <a href="https://www.benzinga.com/money/is-ethereum-a-good-investment/">Ethereum (ETH)</a>, Polygon (MATIC), and <a href="https://www.benzinga.com/money/how-to-get-free-nfts">NFT</a>s. These investments have signaled his openness and support for crypto. He recently shared his thoughts on the current state of cryptocurrency as it relates to regulation.
Don't Miss:
<ul>
<li>If you invested $1000 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/kraken"> how much would $10 get you today</a>? </li>
</ul>
"If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC. Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD. All he has done is make it nearly impossible for legitimate crypto companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs," Cuban <a href="https://twitter.com/mcuban/status/1789037772050702824">posted on X</a>.&nbsp;
Cuban is referring to the different ways in which he believes that the SEC chair, Gary Gensler, has prevented crypto adoption in the U.S. According to Cuban, Gensler is operating under the guise of preventing fraud and allowing Americans to access trustworthy investments but instead has created an environment where it is hard to create a crypto business that complies with the many SEC regulations.
One comment noted that the SEC is simply attempting to take precautions against pump-and-dump and other fraudulent activities. Cuban responded, saying, "Now compare it to OTC and Pink Sheets in today's US market. Even with the relatively new regs, it's a cesspool. And remember our SEC lets billions and billions of shares in bankrupt companies trade all the time."
Trending: Large boom in cryptocurrency and metaverse interest as BTC skyrockets —<a href="https://www.benzinga.com/money/ceek"> has Apple Vision Pro increased the demand for virtual real estate?</a>
Essentially, Cuban is noting that the SEC may have a double standard when it comes to some penny stocks and bankrupt companies, as it allows those to trade while crypto is subject to much more scrutiny.&nbsp;
"This is also a warning to Congress. Crypto voters will be heard this election. You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them. Or you could do the better option and assign all crypto to be regulated by the @CFTC," Cuban also added.
As the presidential election continues to heat up, cryptocurrency emerges as a dark-horse issue that could influence the votes of some in the crypto community. According to Cuban, the Biden administration, potentially through Gary Gensler, is failing to appeal to these voters, which could cost them the election.&nbsp;
It is also noteworthy that Trump has recently expressed support for crypto at an <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38759033/trump-gains-crypto-investors-support-at-mar-a-lago-if-you-like-crypto-you-better-vote-for-">NFT event</a>, stating, "a lot of people are very much for it…and I&#8217;m fine with it. I want to make sure it&#8217;s good and solid…but I&#8217;m good with it. If you like crypto in any form, and it comes in a lot of different forms, you better vote for Trump." 
Will crypto be a deciding factor in the upcoming election? It may not be a huge issue for many Americans, but it could impact the votes of crypto enthusiasts.&nbsp;
Read Next:
<ul>
<li>According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,<a href="https://www.benzinga.com/money/adv-6eth"> here&#8217;s why it can be true</a>.</li>
<li>Bitcoin has jumped another 45% already this year &#8211;<a href="https://www.benzinga.com/money/kraken"> how much would you need to get started today?</a></li>
</ul>
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/events/digital-assets"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28172612/905735A6-57D3-4874-9AA1-75D037842DB3.gif" alt="crypto digital assets" class="wp-image-269852" /></a></figure>

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

Cryptocurrency

Billionaire Shark Mark Cuban Warns The SEC's Anti-Crypto Stance Could Cost Biden The Election

<ul>
<li>Apellis received $375 million in funding at close, with ability to access an additional $100 million</li>
<li>Majority of initial proceeds used to buy out existing SFJ Pharmaceuticals development liability</li>
<li>Significantly improves liquidity profile by eliminating $366 million in SFJ payments through 2027</li>
</ul>
WALTHAM, Mass., May 14, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=URPFq-DTJ0GUOF73udK7hRer4WyQpi2P5tVfSlAG5aqBCkkhj-779ksBYO7TLGMwPGJ2JoYxMhRf2qJfXPF-mgr3lyjzZ0m0nK99z3Hcwx4Kbenbg6-YEEQntk9ydPTKuQSZv-i3XdauauT2asQ286MDiola22Aiy14Dl2tXiJJrLQDQM8FhT1gjGiE3qZenuDOcDAYhIsYADldriuxRjEKYFBXqYMpntXAFEuHpT9eqb5Iq_31oZBX5IoKQARw2dh2tRPJgg9GLN_JqCAOHuw==">Apellis Pharmaceuticals</a>,&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>), today announced that it has entered into a non-dilutive, senior secured credit facility with Sixth Street, a leading global investment firm, of up to $475 million, with approximately $375 million funded at close. Apellis can draw down an additional $100 million under the facility at the company's option prior to September 2025, subject to satisfaction of certain conditions. Additionally, the Sixth Street agreement also permits Apellis to access $100 million through a separate third-party working capital facility. &nbsp;
Apellis used the majority of the net proceeds to buy out the existing SFJ Pharmaceuticals development liability for approximately $326 million. This buy out eliminates $366 million in payments owed to SFJ through 2027, including approximately $200 million through 2025. Net proceeds to Apellis at closing will be approximately $32 million following the buy out of the SFJ Pharmaceuticals development liability, and fees and expenses associated with the transaction.

Financing

APLS

Apellis Pharmaceuticals Refinances Existing Debt With Up To $475M Non-Dilutive Credit Facility

Reviva Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) reported quarterly losses of $(0.25) per share which beat the analyst consensus estimate of $(0.42) by 40.48 percent. This is a 16.67 percent increase over losses of $(0.30) per share from the same period last year.

RVPH

Reviva Pharmaceuticals Q1 EPS $(0.25) Beats $(0.42) Estimate

<ul>
<li>Amazon Fire TV Sticks are being modified for illegal streaming.</li>
<li>Users of modified devices can face up to ten years in jail and fines up to &pound;50,000.</li>
<li>Amazon is facing challenges with its stock performance, with a significant drop followed by signs of recovery.</li>
</ul>
Moving further into the digital age, the way technology, law, and how individuals behave online keeps evolving. A key example is what&#39;s happening with Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) Fire TV Sticks.
These devices, meant for watching legal content, are now often modified for illegal streaming. This has led to a growing black market, causing big legal and economic issues.
In the UK, the government is stepping up actions against illegal streaming, including high-profile raids and the possibility of searching homes. Those caught face severe legal consequences.
Those using devices like hacked Amazon Fire TV Sticks for piracy can face fines and up to ten years in jail. The crackdown isn&#39;t just on those who distribute pirated content but also on viewers of illegal streams, with fines reaching up to &pound;50,000.
This shows how serious the authorities are about fighting piracy. The goal is to discourage illegal streaming and encourage people to use legal streaming services, which are safer and within the law.
As the fight against illegal streaming gets tougher, with Amazon devices being at the centre of these events, they are also dealing with their own set of challenges that aren&#39;t related to its streaming devices.
The company&#39;s stock is currently encountering a significant obstacle. It struggled to break the $188 resistance level, a peak that was initially formed back in July 2021. The stock then fell 57%, hitting a low of around $80 in January 2023.
Despite this, the stock showed resilience and started to recover, crossing the $100 major resistance level by March 2023 and keeping up a bullish momentum.
By April and May 2024, Amazon&#39;s stock tried several times to get past its previous all-time high of $188. This level has been tough to break, but the repeated efforts to pass it show that investors are optimistic.
<img alt="2024-05-14_12-38-32.jpg" src="https://www.benzinga.com/files/u517520/2024-05-14_12-38-32.jpg" style="height:345px; width:624px" />
For the stock to keep up the long-term bullish momentum, it needs to not only go beyond $188 but also show a consistent pattern of setting higher highs and lower lows, confirming a strong ongoing trend. Then surpassing the $200 level will be an important step to confirm moves upwards.
After the closing bell on Monday, May 13, the stock closed at $186.57, trading down by 0.49%.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Amazon's Stock Claws Back From The Brink Igniting Optimism Despite Legal Frays With Fire TV Sticks

Wedbush analyst David Nierengarten reiterates Ikena Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKNA#NASDAQ">IKNA</a>) with a Outperform and maintains $8 price target.

IKNA

Wedbush Reiterates Outperform on Ikena Oncology, Maintains $8 Price Target

<a href="https://www.benzinga.com/topic/mark-zuckerberg">Mark Zuckerberg</a> is a name that is synonymous with social networking and he is now 40 years old. Although he wasn't the first person to dream up the idea of a social network, he popularized it like no one before him, bringing Facebook to billions of users worldwide.
Since launching Facebook in 2004 at Harvard University, Zuckerberg has evolved Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) from focusing only on one social network to expanding into messaging and bleeding-edge technologies like artificial intelligence (AI.)
Zuckerberg has undergone a significant transformation, going from being a reclusive founder to someone with a wide range of interests, from <a href="https://www.benzinga.com/news/24/01/36572160/meta-ceo-mark-zuckerberg-takes-up-most-delicious-project-of-his-life-raising-cattle-with-macadamia-n">raising cattle</a> on his <a href="https://www.benzinga.com/news/23/12/36239790/inside-mark-zuckerbergs-100m-lavish-hush-hush-hawaiian-hideaway">$100 million Hawaii ranch</a> to <a href="https://www.benzinga.com/news/23/11/35604744/meta-ceo-mark-zuckerberg-tore-his-acl-while-training-for-a-competitive-mma-fight-undergoes-surgery">mixed martial arts (MMA) training</a>.
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.
<h3 class="wp-block-heading">World's Youngest Billionaire</h3>
Zuckerberg was the world's youngest billionaire, after hitting that status in 2008. He's now the world's fourth richest person with a wealth of $167 billion, according to the Bloomberg Billionaires Index.
Together, Meta Platforms owns some of the most-used services in the world. Facebook, the largest social network in the world, has over 3 billion monthly active users, while Instagram and WhatsApp have 2 billion, each.
Overall, nearly half the world uses a Meta Platforms product – the company reported that it has nearly 4 billion monthly active users across its products and services.
Imagine that – Zuckerberg got 1 out of every 2 people in this world hooked onto one of Meta Platforms' products.
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<h3 class="wp-block-heading">From $27B To $167B In 10 Years</h3>
His net worth has increased from a relatively low $27 billion exactly 10 years ago to $167 billion. That is an increase of $140 billion during this period. In other words, Zuckerberg now has more than six times the wealth he had 10 years ago.
But what about the shareholders of his company? What if you had invested $1,000 in Meta Platforms when Zuckerberg was 30?
Here&#8217;s a look at how the Meta Platforms stock has fared since Zuckerberg was 30 years old.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080149/Meta.jpeg" alt="" class="wp-image-337026" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080149/Meta.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080149/Meta-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">Meta stock price from May 14, 2014, till today</figcaption></figure>
Meta Platforms' stock, adjusted for stock splits and other corporate actions, was $57.92 on&nbsp;May 14, 2014.
Its stock price today is $468.01, which is an increase of 708% during this period.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080338/Meta-1000.jpeg" alt="" class="wp-image-337031" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080338/Meta-1000.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14080338/Meta-1000-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">Value of a $1,000 investment in Meta Platforms stock, and the QQQ ETF and S&amp;P 500 index, respectively, from May 14, 2014, till today</figcaption></figure>
If you had invested $1,000 in Meta Platforms stock on May 14, 2014, today, you would have $7,262.
Likewise, if you had invested $1,000 in Invesco QQQ ETF, you would have $5,033.
A similar $1,000 investment in an index fund that replicates the S&amp;P 500 would be worth $2,755.
<h3 class="wp-block-heading">Zuckerberg's Vision, Powered By AI</h3>
The Meta Platforms chief has been busy dabbling in AI and augmented reality. During the company's <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">first-quarter earnings call</a>, Zuckerberg dived into Meta Platforms' AI efforts, revealing that <a href="https://www.benzinga.com/news/24/04/38426370/mark-zuckerberg-says-tens-of-millions-users-have-already-tried-meta-ai-and-people-are-asking-us-to-r">"tens of millions" of users</a> had already tried Meta AI.
Under his leadership, Meta Platforms has <a href="https://www.benzinga.com/news/24/04/38420928/meta-ceo-mark-zuckerberg-more-than-50-of-the-content-people-see-on-instagram-is-now-ai-recommended">transformed the recommendations</a> on Instagram to rely on AI for half of them.
He has also indicated a <a href="https://www.benzinga.com/markets/equities/24/04/38422805/mark-zuckerberg-shifts-metas-focus-to-ai-agents-over-chatbots-apple-to-pursue-similar-holy-grail">shift away from</a> AI chatbots to "agents," signaling a change in how he perceives the average user to use this bleeding-edge technology.
Tech bull Wedbush's Dan Ives thinks Zuckerberg is "just getting started," calling him a "comeback kid." It remains to be seen if Zuckerberg's vision continues to pay off.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Image made via photos on Shutterstock

Equities

Tech

Happy 40, Zuckerberg! If You Invested $1000 In Meta Platforms Stock When Mark Zuckerberg Turned 30, Here's How Much You'd Have

Guidance

LOAR

Loar Holdings Sees FY24 Net Sales Between $370M-$374M, Adjusted Earnings Per Share Between $0.41-$0.43

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

GBIO

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

Dare Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.06) by 16.67 percent. This is a 22.22 percent increase over losses of $(0.09) per share from the same period last year.

Earnings Misses

DARE

Dare Bioscience Q1 EPS $(0.07) Misses $(0.06) Estimate

BABA

Alibaba Board Approved Two-Part Dividend; Annual Dividend Of $1/ADS And One-Time Cash Dividend Of $0.66/ADS

JP Morgan analyst Noah Herman upgrades Vtex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTEX#NYSE">VTEX</a>) from Neutral to Overweight and maintains the price target from $9 to $9.

Upgrades

VTEX

JP Morgan Upgrades Vtex to Overweight, Maintains Price Target to $9

Marathon Petroleum Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) announced several&nbsp;major&nbsp;management changes<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38802078/marathon-petroleum-corp-announces-leadership-transition-effective-august-1-2024" rel="noreferrer noopener">&nbsp;effective August 1, 2024</a>.
The company disclosed the appointment of&nbsp;Maryann T. Mannen as the new Chief Executive Officer, succeeding Michael J. Hennigan.
Mannen has served as President since January of this&nbsp;year,&nbsp;after previously serving as Executive Vice President and Chief Financial Officer since&nbsp;January 2021.
Hennigan will transition from CEO to Executive Chairman of the Board.&nbsp;Apart from this, MPC Chairman&nbsp;John Surma&nbsp;has&nbsp;been elected&nbsp;to serve as&nbsp;Lead Director of the company.
Hennigan said, &#8220;Our confidence in Maryann as the right leader for our company&nbsp;is based&nbsp;on her contributions to the MPC success story, as well as&nbsp;her proven track record as an energy-sector veteran of 38 years.&nbsp;She has demonstrated a keen understanding of our business, clear judgment&nbsp;and&nbsp;a strong financial expertise that will serve shareholders well.&#8221;
Last month, Marathon Petroleum reported that first-quarter FY24 revenue exceeded consensus, but adjusted EBITDA&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38526405/whats-going-on-with-marathon-petroleum-shares-today" rel="noreferrer noopener">declined sharply.</a>
Investors can gain exposure to the stock via&nbsp;IShares U.S. Oil &amp; Gas Exploration &amp; Production ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEO#NYSE">IEO</a>) and&nbsp;First Trust Nasdaq Oil &amp; Gas ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXN#NASDAQ">FTXN</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports" rel="noreferrer noopener">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>
Price Action: MPC shares closed lower by 0.95% at $177.86 on Monday.
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