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

Trinity Cap Stock (NASDAQ:TRIN), Short Interest Report

Trinity Cap

Trinity Capital Inc is a closed-end, non-diversified management investment company. The company is engaged in providing debt, including loans and equipment financings, to growth-stage companies, including venture-backed companies and companies with institutional equity investors. Its equipment financings involve loans for general or specific use, including acquiring equipment, secured by the equipment or other assets of the portfolio company.

Long Ideas

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Trading Ideas

ALTI

FRGE

TRIN

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

Earnings

BOOT

HELE

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:

Commercial Metals, Boot Barn And 3 Stocks To Watch Heading Into Monday

Intraday Update

Movers

AAOI

AAPL

ABCL

ALEC

ALHC

AMCX

AMRX

AMZN

ASRT

ATRO

ATSG

BIGC

BJDX

CARG

DKNG

DOCN

FTNT

GMBL

INVE

INVO

IRTC

KTOS

LASR

LSXMA

MCHP

MESO

MODV

NTRA

OLED

OPEN

OSUR

PANW

PRDO

RDFN

REZI

TEAM

TKAT

TMDX

TMPO

TRUP

TWST

WISH

YELL

Gainers


	Missfresh Limited (NASDAQ: MF) jumped 168% to $1.38 after the company announced entry of share purchase agreements for financing and business acquisition.


Why ResMed Shares Are Trading Lower By 15%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Trinity Capital Inc

Trinity Capital Inc. - 7.00% Notes Due 2025

Trinity Capital Inc. - 7.875% Notes due 2029

TRINEX MINERALS LTD by TRINEX MINERALS LTD.

Trinet Group Inc

Trinity Acquisition Corporation

Trinity Bank NA

Trinity Biotech plc - American Depositary Shares

Trinity Biotech PLC

TRINITY EXPL & PROD PLC by Trinity Exploration & Production PLC

Trinity Exploration & Production PLC

Trinity Industries Inc

TRINITY PETE TRUST CBI by Trinity Petroleum Trust

Trinity Petroleum Trust

Trinity Place Holdings Inc

Trinseo PLC

Citigroup analyst Andrew Kaplowitz maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and raises the price target from $56 to $59.

Price Target

Analyst Ratings

Citigroup Maintains Buy on Flowserve, Raises Price Target to $59

Needham analyst Charles Shi reiterates Entegris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) with a Buy and maintains $150 price target.

Reiteration

ENTG

Needham Reiterates Buy on Entegris, Maintains $150 Price Target

Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $95 to $85.

SBUX

Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $85

JMP Securities analyst Devin Ryan reiterates LPL Finl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) with a Market Outperform and maintains $305 price target.

LPLA

JMP Securities Reiterates Market Outperform on LPL Finl Hldgs, Maintains $305 Price Target

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining over 200 points on Wednesday. The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5%, as widely expected.
The Dow traded up 0.55% to 38,022.21 while the NASDAQ rose 0.19% to 15,687.08. The S&amp;P 500 also rose, gaining, 0.08% to 5,039.51.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38546448/this-analyst-with-86-accuracy-rate-sees-more-than-24-upside-in-lattice-semiconductor-here-are-5-stoc">This Analyst With 86% Accuracy Rate Sees More Than 24% Upside In Lattice Semiconductor &#8211; Here Are 5 Stock Picks For April From Wall Street&#8217;s Most Accurate Analysts</a>
Leading and Lagging Sectors Utilities shares rose by 1.2% on Wednesday.
In trading on Wednesday, energy shares fell by 1.6%.
Top Headline
Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) reported better-than-expected first-quarter financial results.
Pfizer reported first-quarter adjusted EPS of 82 cents, down 33% year over year, beating the consensus of 54 cents. The U.S. drugmaker reported sales of $14.9 billion, down 20%, beating the consensus of $14.2 billion.
The company expects adjusted EPS of $2.15-$2.35 in 2024 compared with a prior forecast of $2.05 to $2.25 and the consensus of $2.76.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares shot up 148% to $4.04. The company said it will report first-quarter results and provide an initial CX-904 Phase 1a dose escalation update on May 8 after the close of markets.</li>
<li>Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) got a boost, surging 27% to $119.15 after the company raised its 2024 guidance.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) shares were also up, gaining 24% to $32.06 after the company reported better-than-expected quarterly financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares dropped 72% to $0.3164 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Shares of CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) were down 35% to $10.02 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) was down, falling 27% to $13.12 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38549444/exxon-mobil-kimberly-clark-and-2-other-stocks-insiders-are-selling">Exxon Mobil, Kimberly-Clark And 2 Other Stocks Insiders Are Selling</a> 
Commodities In commodity news, oil traded down 3.3% to $79.23 while gold traded up 0.5% at $2,315.00.
Silver traded up 0.4% to $26.755 on Wednesday, while copper fell 0.4% to $4.5470.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.11%, while London's FTSE 100 fell 0.28%.
The S&amp;P Global UK manufacturing PMI was revised higher to 49.1 in April from a preliminary reading of 48.7, while Nationwide House Price Index increased 0.6% year-over-year in April.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 0.34%.
Japan's au Jibun Bank manufacturing PMI was revised lower to 49.6 in April compared to preliminary reading of 49.9.
Economics
<ul>
<li>U.S. mortgage applications declined by 2.3% from the prior week in the period ending April 26.</li>
<li>U.S. private employers added 192,000 new jobs during the month of April, compared to a revised 208,000 in March, topping market estimates of a 175,000 gain.</li>
<li>The S&amp;P Global manufacturing PMI declined to 50 in April versus 51.9 a month ago.</li>
<li>U.S. construction spending declined by 0.2% from the prior month in March.</li>
<li>The number of job openings fell by 325,000 from the prior month to 8.488 million in March.</li>
<li>The ISM manufacturing PMI declined to 49.2 in April from 50.3 a month ago.</li>
<li>U.S. crude oil inventories rose by 7.265 million barrels in the week ending April 26, compared to a 6.368 million barrel fall in the prior week.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38548319/amazon-to-rally-over-37-here-are-10-top-analyst-forecasts-for-wednesday">Amazon To Rally Over 37%? Here Are 10 Top Analyst Forecasts For Wednesday</a>

Eurozone

Commodities

CETX

CTMX

CVRX

RCKY

Dow Jumps 200 Points Following Fed Decision; Pfizer Earnings Top Estimates

Economist and trader Alex Krüger shared thoughts on the current state of the cryptocurrency market, pointing out what, according to his interpretation, is driving the current price action and why the bull market is <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38555886/this-trader-sees-bitcoin-dropping-to-40-000-and-still-be-fine-expect-lower-prices-but-dont">not over yet</a>.
What Happened: Krüger highlights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF as the primary force behind the cycle, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has been a &#8220;major disappointment&#8221; despite performing well for stakers and airdrop farmers.
<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">Some thoughts on the current crypto cycle #1 The crypto cycle has been almost entirely driven by the bitcoin ETF. #2 ETH has been a major disappointment, but it has performed well overall for stakers and airdrop farmers. #3 Solana established itself as the chain of choice for…
&mdash; Alex Krüger (@krugermacro) <a href="https://twitter.com/krugermacro/status/1785638283726225886?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He adds that Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) has established itself as the preferred chain for retail traders, demonstrating "perfect product-market fit" and even overtaking Ethereum. However, the network&#8217;s congestion and subsequent crashes have opened the door for competitors like Base to position themselves as viable alternatives for retail traders.
Noting the marginal new retail interest in crypto, Krüger states that most of the participants are ETF buyers and those from previous cycles redeploying their funds and taking on more risk. Those who missed the Bitcoin ETF run, crypto market participants with &#8220;PTSD (post-traumatic stress disorder),&#8221; went all-in on altcoins. But those disappointed with significant losses, as numerous altcoins erased their 2024 gains in the past month.
<figure class="wp-block-image 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/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38552945/how-did-shiba-inu-become-the-dogecoin-killer-crypto-whale-thinks-its-mission-and-this-one-">How Did Shiba Inu Become The &#8216;Dogecoin Killer?&#8217; Crypto Whale Thinks &#8216;Its Mission&#8217; And This One Factor Were Key</a>
Why It Matters: While many meme coins have gone to zero, Krüger writes they have dominated the narrative alongside Bitcoin as large-cap meme coins are among the strongest performers of the year. They have also established themselves as "a viable asset class in their own right."
He attributed the market's volatility to the increasing presence of scammy meme coin launches and cash-grabbing founders mainly since February. These founders prioritize short-term hype and quick profits over long-term sustainability.
Krüger maintains that the current crypto cycle &#8220;is not over&#8221; and there are still numerous opportunities for investors who navigate the market carefully and stay attuned to the evolving trends and narratives.
This analysis comes amid Bitcoin's huge price plunge of 5% in a single day pushing prices below the $58,000 mark.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38546976/bitcoin-plummets-below-58k-eth-sol-doge-follow-over-400m-liquidated-in-deepest-retrace-in-">Bitcoin Plummets Below $58K, ETH, SOL, DOGE Follow: Over $400M Liquidated In &#8216;Deepest Retrace In The Cycle&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

$SOL

How Bitcoin ETFs And Crypto Market's 'PTSD' Caused 'Scammy Memecoin Launches': Alex Krüger

Needham analyst Alex Henderson reiterates Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and maintains $16.5 price target.

EXTR

Needham Reiterates Buy on Extreme Networks, Maintains $16.5 Price Target

Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) has outperformed the market over the past 15 years by 8.46% on an annualized basis producing an average annual return of 20.52%. Currently, Visa has a market capitalization of $539.62 billion. 
Buying $1000 In V: If an investor had bought $1000 of V stock 15 years ago, it would be worth $16,271.04 today based on a price of $268.00 for V at the time of writing.
<h3>Visa's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714588237_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Visa 15 Years Ago Would Be Worth Today

Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) has outperformed the market over the past 15 years by 5.91% on an annualized basis producing an average annual return of 17.97%. Currently, Parker Hannifin has a market capitalization of $69.97 billion. 
Buying $1000 In PH: If an investor had bought $1000 of PH stock 15 years ago, it would be worth $11,480.06 today based on a price of $544.91 for PH at the time of writing.
<h3>Parker Hannifin's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714588232_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Parker Hannifin 15 Years Ago Would Be Worth Today

Editor&#8217;s note: This story has been updated with additional details. 
The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and <a href="https://www.benzinga.com/topic/inflation">controlling inflation</a>.
Regarding the latest inflation dynamics, the Fed stated that "In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective."
Furthermore, it noted that &#8220;The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.&#8221;
The Fed said it does not expect it will be appropriate to cut rates until it has gained greater confidence inflation is moving sustainably toward 2%.
The Federal Open Market Committee has outlined a plan to gradually reduce its holdings of Treasury securities and agency debt, marking a shift toward normalizing its balance sheet. 
Starting in June, the Fed will reduce the monthly redemption cap on Treasury securities from $60 billion to $25 billion while maintaining the cap on agency debt and mortgage-backed securities at $35 billion.
This represents a slower-than-expected pace of reduction in so-called quantitative tightening, as markets participants expected the Fed to shift from $60 billion to $30 billion in its monthly redemption cap on Treasury securities. 
Wednesday&#8217;s Fed statement indicates that risks to achieving employment and inflation goals &#8216;have moved toward a better balance over the last year,&#8217; as opposed to the phrasing &#8220;are moving into better balance&#8221; in the March policy statement.
Market The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), inched lower minutes after the statement release. Treasury yields inched lower across the board. 
Stocks positively reacted, with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) shifting from earlier losses to gains, up 0.2% for the day. 
Traders now await Fed Chair Jerome Powell&#8216;s remarks due at 2:30 p.m. ET. 
Read now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38557569/april-jobs-report-preview-bank-of-america-anticipates-solid-payrolls-growth-risin">April Jobs Report Preview: Bank Of America Anticipates Solid Payrolls Growth, Rising Wage Pressures</a>
Federal Reserve illustration created using artificial intelligence via MidJourney.

Broad U.S. Equity ETFs

Currency ETFs

Econ #s

Economics

ETFs

PowerShares DB US Dollar Index Bullish Fund

Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff (UPDATED)

Citigroup analyst Filippo Falorni maintains Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Sell and lowers the price target from $56 to $53.

Citigroup Maintains Sell on Molson Coors Beverage, Lowers Price Target to $53

Needham analyst Mike Matson maintains Surmodics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) with a Buy and lowers the price target from $47 to $43.

SRDX

Needham Maintains Buy on Surmodics, Lowers Price Target to $43

Citigroup analyst Wendy Nicholson maintains Clorox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) with a Neutral and lowers the price target from $155 to $150.

Citigroup Maintains Neutral on Clorox, Lowers Price Target to $150

Needham analyst David Saxon reiterates Bausch &amp; Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) with a Hold.

BLCO

Needham Reiterates Hold on Bausch & Lomb

JPMorgan analyst Vivek Juneja&#8217;s recent insights suggest a positive outlook for banks like Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), driven by expectations of a recovering economy and sustained <a href="https://www.benzinga.com/topic/interest-rates">high interest rates</a>.
<h3 class="wp-block-heading">Rates Are Staying Higher For Longer</h3>
Banks continue to position themselves for growth despite inflation concerns.
Juneja notes that &#8220;rates are staying higher for longer with sticky inflation,&#8221; with 10-year Treasury yields up significantly in the second quarter. This trend, coupled with a rebound in consumer spending — particularly in discretionary categories — bodes well for banks&#8217; net interest income. 
While commercial loan growth remains sluggish, banks are managing deposit costs effectively. This is helping offset the impact of soft loan demand.
<h3 class="wp-block-heading">Bank Of America To Benefit From Markets-Related Revenues</h3>
In terms of stock performance, larger banks like BoA &#8220;should benefit more from markets-related revenues and higher long term rates,&#8221; Juneja noted. 
Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), despite having a smaller share of markets-related revenues, is also poised for growth, especially with expectations of an asset cap lift soon. Both banks also actively buy back shares, which should boost performance.
Juneja is Overweight BoA stock with an year-end price target of $40.50.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38301893/market-reaction-to-bank-earnings-is-mixed-jpmorgan-analysts-project-further-decline">Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income</a>
<h3 class="wp-block-heading">Fifth Third Bancorp Should See Significant Earnings Upside</h3>
Among regional banks, Fifth Third Bancorp stands out. Juneja has upgraded the stock to overweight relative to its peers, citing its potential to benefit from higher long-term rates. 
He expects Fifth Third to experience significant earnings growth, driven by higher reinvestment yields and strong performance metrics. &#8220;Fifth Third should benefit relatively more from higher reinvestment yields due to little larger share of securities maturing/repricing in 2024 (16%),&#8221; Juneja said.
He also find the stock &#8220;well positioned longer term from a credit quality perspective&#8230; given its low share of non-prime consumer loans and low office CRE exposure.&#8221;
Despite its relatively higher valuation multiple, Fifth Third&#8217;s solid performance, including a high core return on tangible common equity (RoTCE) in the first quarter, justifies its position as a top pick.
Juneja is Overweight Fifth Third Bancorp with a price target of $39.50.
<h3 class="wp-block-heading">Challenges Remain</h3>
Challenges include the drag from derivatives and ongoing credit quality concerns. But Juneja&#8217;s analysis paints a largely positive picture for the banking sector. 
Investors looking for opportunities in the banking space may find BoA and Fifth Third Bancorp particularly appealing, given their potential for growth in a higher-rate environment. As the economy continues to recover, these banks could position themselves well to deliver strong returns for investors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38559813/us-stocks-mixed-ahead-of-fed-meeting-chipmakers-tumble-after-amd-earnings-bitcoin-sinks-whats-dr">US Stocks Mixed Ahead Of Fed Meeting, Chipmakers Tumble After AMD Earnings, Bitcoin Sinks: What&#8217;s Driving Markets Wednesday?</a>
Image: Shutterstock

Analyst Color

FITB

Bank Of America, Fifth Third Bancorp To Gain From 'Higher For Longer' Interest Rates: JPMorgan's Top Picks

Citigroup analyst Ronald Josey maintains Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Buy and raises the price target from $48 to $51.

PINS

Citigroup Maintains Buy on Pinterest, Raises Price Target to $51

Tuesday&#39;s&nbsp;announcement that the&nbsp;DEA is moving towards&nbsp;rescheduling cannabis from <a href="https://www.benzinga.com/markets/cannabis/24/04/38530190/breaking-dea-reportedly-moves-to-reschedule-cannabis-stocks-rise-sharply-on-the-news">Schedule I to Schedule III</a>, has already injected billions into the publicly traded market for cannabis companies. But what does this mean in terms of actual numbers for the industry&#39;s biggest players?
To quantify the market cap added to the publicly traded market for some of the <a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">bigger names in the cannabis industry</a>, we need to calculate the difference between their market capitalizations at their public debut or the earliest available data point and their market capitalizations as of the latest available date.
Before we dive into the size&nbsp;of the cannabis market and and how it grew, it is worth noting the&nbsp;total economic impact generated by&nbsp;<a href="https://www.benzinga.com/topic/cannabis-retail-sales" rel="noopener noreferrer" target="_blank">regulated marijuana sales</a>&nbsp;in the U.S. is estimated to surpass $112.4 billion in 2024, marking a 12% increase from the previous year.&nbsp; According&nbsp;to the recent&nbsp;<a href="http://mjbizdaily.com/marijuana-industry-will-add-112-4-billion-to-us-economy-in-2024-mjbiz-factbook/">MJBiz Factbook</a>,&nbsp;this economic impact will continue to rise, reaching over $200 billion by 2030.&nbsp;The total amount of U.S. adult-use and medical cannabis sales is forecasted to reach $32.1 billion in 2024 and is projected to surge to $58 billion by 2030, The Factbook editor, Andrew Long says that for every <a href="https://www.benzinga.com/topic/cannabis-sales">dollar spent</a> by consumers at cannabis shops, an additional $2.50 is injected into the economy, with significant benefits at the local level. This surge reflects a 250% increase in the economic impact of every dollar spent on legal marijuana.
<h2>Market Cap Growth And Fluctuations Among Leading Cannabis Players</h2>
Since 2018, Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), Canopy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>), Tilray (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>), and other major players in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38536953/cannabis-stocks-react-to-dea-rescheduling-canopy-aurora-surge-tilray-wm-tech-hold-s">cannabis industry </a>have experienced fluctuating market capitalizations.
Curaleaf&#39;s market cap decreased from $5 billion at its public debut to $1.65 billion in mid-2023&nbsp;before rebounding to $4.63 billion by April 30, 2024. Canopy&#39;s market cap varied from $5.40 billion in 2018 to $1.36 billion in 2024.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38149371/nasdaq-listed-marijuana-stocks-tilray-canopy-aurora-rally-whats-behind-the-surge">Tilray&#39;s market cap</a> peaked at $6.57 billion in 2018, declined to $1.64 billion in 2022, and rose to $1.91 billion in 2024. Aurora (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acb#NYSE">ACB</a>) also witnessed significant fluctuations, with its market cap reaching $18.55 billion in 2017 and declining to $439.30 million by 2024.
Green Thumb Industries (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>), Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), and Trulieve (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>),<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38386324/whos-winning-in-weed-analyst-looks-at-cannabis-markets-big-players-where-are-the-be"> key players </a>in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38226873/analyst-reacts-to-fda-commish-comments-medical-and-recreational-cannabis-could-have">cannabis industry</a>, have also experienced varying market capitalizations since 2018.
Green Thumb Industries&#39; market cap fluctuated from $2.05 billion in 2018 to $3.60 billion in 2024. Curaleaf&#39;s market cap ranged from $2.93 billion in 2019 to $7.91 billion in 2020, before settling at $3.65 billion in 2024. Trulieve&#39;s market cap showed similar volatility, moving from $1.31 billion in 2019 to $3.79 billion in 2020 and reaching $1.97 billion in 2024.
Pro tip: Learn all about the future of the cannabis industry at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers. Get your tickets now by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noopener noreferrer" target="_blank">this link</a>, and access a 20% discount using the code JAVI20.
<h3>Aftermath Analysis: Cannabis Market Cap Dynamics</h3>
Here are the calculations based on data from Benzinga Pro.
<h3>Curaleaf:</h3>
<ul>
<li>Market Cap in 2024: $4.63 billion</li>
<li>Market Cap at public debut: $5 billion</li>
<li>Market Cap added: $4.63 billion - $5 billion = -$0.37 billion (a decrease)</li>
</ul>
<h3>Canopy:</h3>
<ul>
<li>Market Cap in 2024: $1.36 billion</li>
<li>Earliest available data point (2018): $5.40 billion</li>
<li>Market Cap added: $1.36 billion - $5.40 billion = -$4.04 billion (a decrease)</li>
</ul>
<h3>Tilray:</h3>
<ul>
<li>Market Cap in 2024: $1.91 billion</li>
<li>Market Cap in 2018: $6.57 billion</li>
<li>Market Cap added: $1.91 billion - $6.57 billion = -$4.66 billion (a decrease)</li>
</ul>
<h3>Green Thumb Industries:</h3>
<ul>
<li>Market Cap in 2024: $3.60 billion</li>
<li>Earliest available data point (2018): $2.05 billion</li>
<li>Market Cap added: $3.60 billion - $2.05 billion = $1.55 billion (an increase)</li>
</ul>
<h3>Trulieve:</h3>
<ul>
<li>Market Cap in 2024: $1.97 billion</li>
<li>Earliest available data point (2019): $1.31 billion</li>
<li>Market Cap added: $1.97 billion - $1.31 billion = $0.66 billion (an increase)</li>
</ul>
<h3>Aurora:</h3>
<ul>
<li>Market Cap in 2024: $439.30 million</li>
<li>Earliest available data point (2017): $18.55 billion</li>
<li>Market Cap added: $439.30 million - $18.55 billion = -$18.11 billion (a decrease)</li>
</ul>
<h3>Cresco Labs:</h3>
<ul>
<li>Market Cap in 2024: $724.13 million</li>
<li>Earliest available data point (2019): $792.16 million</li>
<li>Market Cap added: $724.13 million - $792.16 million = -$68.03 million (a decrease)</li>
</ul>
Photo: AI-Generated Image.

Cannabis

Government

Market Summary

Regulations

Guidance

Emerging Markets

Management

General

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

GTBIF

TCNNF

TLRY

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