TuSimple Hldgs

TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services.

TuSimple Holdings Inc. - Class A Common Stock

T. Rowe Price U.S. Equity Research ETF

CLEANAWAY WASTE MGMT LTD by Cleanaway Waste Management Limited

Cleanaway Waste Mgmt

TGI SOLAR POWER GROUP INC by TGI Solar Power Group, Inc.

TGI Solar Power Gr

News

Offerings

Dynex Capital S-3 Shows Registration For $750M Mixed Securities Shelf Offering

Management

Credicorp Announces Gianfranco Ferrari Will Succeed Walter Bayly as CEO, Effective January 2022

Southwestern Energy Reports Deal To Certify, Continuously Monitor Potential Emissions From All Appalachia Production

One of the stranger sights in London and many cities worldwide during the COVID-19 lockdowns have been adults whizzing around the empty streets on what was once seen as a child&rsquo;s toy: a scooter. A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through 2030. Anecdotal evidence suggests COVID has dramatically increased demand. One UK retailer has said demand has tripled.
Many of these new modes of transport are powered by lithium-ion batteries. Lithium, the world&rsquo;s least dense metal (Atomic number 3), is also integral to powering the digital economy &ndash; mobile phones, tablets, and laptops. But the biggest potential use for lithium-ion battery packs is in electric vehicles (EVs). Analysts at Citi (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) predict that 75% of all mined lithium will go into EVs by 2025.
<h3 id="ev-demand-surges">EV Demand Surges</h3>
Even during the midst of the pandemic and a 4.4% decline in global growth in 2020, sales of EVs surged by more than 700,000, topping 3 million globally. That is three times higher than in 2017, according to figures from the IEA. China, with its drive to clean up its polluted cities, has been in the vanguard. However, last year Europe overtook China as the biggest global market for EVs. Moreover, the latest IMF World Economic Outlook predicts robust global growth of 5.5% in 2021, a far more supportive outlook for growing EV sales than 2020.
But the biggest growth driver is the determination of governments to reach their net-zero carbon emissions targets by 2050. The UK and Germany have written this into binding legislation by 2050 and 2045, respectively. Both have also taken the radical step of banning the sale of new petrol and diesel cars from 2030.&nbsp;
The United Nations Conference on Climate Change (COP26), hosted by the UK government in Glasgow from November 1-12, is likely to see countries further enhance commitments on carbon emissions. This will come on top of already announced policies such as U.S. President Biden&rsquo;s green stimulus and the European Union&rsquo;s Green Deal.
The good news for consumers (and lithium demand) is that the prices of EVs and conventionally powered cars are rapidly converging. Industry analysts expect them to be broadly at parity in 2025. That is large because the cost of batteries has been falling rapidly. A report by BloombergNEF states lithium-ion battery packs fell in price by 87% between 2010 and 2019. Though the pace of technological gains will be difficult to maintain, the broad trend of price falls is expected to continue.
<h3 id="supply-boom-and-price-crash">Supply Boom And Price Crash</h3>
Lithium miners have not been oblivious to the rapid adoption of EVs. Sales went from close to zero in 2012 to 1 million units just five years later. After that, reports began appearing, extrapolating exponential growth far into the future. The miners responded by massively ramping up production, a decision which had a disastrous effect on prices which more than halved between the summer of 2018 and 2020 (Figure 1).
<img alt="Lithium-price-data" src="https://www.cmegroup.com/content/dam/openmarkets/articles/images/2021/june/web21OM011-Lithium-price-data_1200x800.jpg" style="height:427px; width:640px" />
Lithium prices have been volatile but have bounced in early 2021.
There is no shortage of lithium, but it is difficult to process, requiring a lot of investment in infrastructure. It is extracted in one of two ways: pumped from underground brine reservoirs called salars (Chile has the largest reserves), then extracted through a series of evaporation tanks; or extracted from spodumene rocks (as is done with most of Australia&rsquo;s lithium production). Globally, there is about a 50/50 split in brine/spodumene rock production, according to Fastmarkets.
Production and consumption are now broadly at the point of equilibrium. However, given the length of time, it takes to get new projects on stream, demand is expected to modestly exceed supply from 2022.
<img alt="Lithium-Demand-v-supply" src="https://www.cmegroup.com/content/dam/openmarkets/articles/images/2021/june/web21OM011-Lithium-Demand-v-supply_1200x800.jpg" style="height:427px; width:640px" />
<h3 id="future-tech">Future Tech</h3>
Fundamentally, the technology underlying lithium-ion batteries has remained the same since the 1970s.
Car manufacturers have been working on a rapidly emerging new battery technology, however. Lithium will continue to play a central role. Solid-state lithium batteries use a solid material rather than a potentially combustible gel. These materials are neither volatile nor combustible. The higher energy density would increase the range of EVs by between one-third and a half with the same battery weight as a lithium-ion battery. Toyota (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) has a solid-state battery-powered car prototype due to launch in 2021, with production expected in 2024, according to an article in The Nikkei in December 2020.
Lithium may also have a future role to play in the Holy Grail of cheap, limitless, zero-carbon energy: nuclear fusion. Teams around the world are working on tokamaks. This is a magnetic confinement device designed to produce controlled nuclear fusion. The most ambitious project is the International Thermonuclear Experimental Reactor being built in France. Its target is to generate 500MW of electricity by 2035.
It may take a while for solid-state batteries to be fully commercially viable. Tokamak fusion reactors are still a relatively distant prospect. However, the central role lithium will play both in the batteries that power our tech, and increasingly our cars will ensure its relevance for many years to come. China sees it as strategically important and has been securing its supply chain. In May 2018, Tianqi Lithium paid $4.1 billion to buy a stake of just under 25% in Chile&rsquo;s SQM, the world&rsquo;s second-largest producer.
&ldquo;Gigafactories,&rdquo; Elon Musk&rsquo;s once novel word for his five battery factories around the world, will soon be regarded as critical national infrastructure. It is estimated that Europe needs 30 gigafactories by 2025, and Volkswagen Group alone is reportedly planning to build six. The IEA thinks demand for lithium will increase 40&ndash;fold by 2040. Once a rarely used commodity, lithium is about to take its place as an indispensable metal of the future.
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Government

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Eurozone

Global

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Tech

General

Lithium Is Becoming Indispensable

Broadstone Net Lease, Inc. Announces Public Offering of 10M Shares of Common Stock

Intrepid Potash Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) (&ldquo;Intrepid&rdquo;) today announced the following increase to its potash and Trio&reg; pricing.
<ul>
<li>In response to recent increases in the barge and inland warehouse potash markets, Intrepid increased its potash price by $90 per ton at all locations and for all product grades. Intrepid is now posted at $250 per ton above 2020 summer-fill price levels.</li>
<li>Effective June 23, 2021, Intrepid increased its Trio&reg; price by $35 per ton on all products. Intrepid is now accepting Trio&reg; orders for Q3 delivery.</li>
</ul>
&ldquo;The barge and inland warehouse potash markets have appreciated significantly in the last two weeks due to limited supply and the new posted prices reflect the increase in the spot market since our last price announcement. Higher potash price has also increased the underlying potassium value of our Trio&reg; product and we are now accepting orders for third quarter delivery.&rdquo; said Bob Jornayvaz, Intrepid&#39;s Executive Chairman, President, and CEO. &ldquo;Similar to other fertilizer producers, we committed most of our third quarter potash volumes in May during our last price announcement. We are confident in our distribution network and well positioned to supply our customers when the fall season begins.&rdquo;
Jornayvaz continued, &ldquo;Our previously scheduled oilfield investor day call in June has been postponed due to expanding development plans and evolving recycling opportunities from numerous operators requesting Intrepid services. We are now planning a Potash/Trio&reg; investor day in October and a ESG presentation in November.&rdquo;

Intrepid Potash Reports $90 Increase In Potash Price, $35 Increase In Trio Price

Buybacks

DHI Group Adds $12M To Buyback, Increasing Overall Buyback To $20M

FOX News Digital closed out the month of May surpassing CNN.com in total multiplatform minutes for the third consecutive month and outperforming all other news brands in the news competitive set, with nearly 3.4 billion total multiplatform minutes, according to Comscore. In May, the digital network notched nearly 1.6 billion total multiplatform views, also outpacing CNN.com in the metric and delivered over 85 million total unique visitors. Additionally, the FOX News Mobile App drove 7.1 million unique visitors in May, edging out CNN in the category.&#x2A;
For the 81st consecutive month, FOX News remained the most engaged news brand on social media (Facebook, Twitter and Instagram). FOX News was also the top-performer in Facebook and Instagram interactions among news competitors, with over 24 million Facebook interactions and 21 million on Instagram, according to Socialbakers. FOX News also reigned as the top news outlet in YouTube video views, with over 214 million, while FOXBusiness.com topped the business competition in the category with 27 million views.
Additionally, FOXBusiness.com secured over 25 million multiplatform unique visitors and drove 135 million multiplatform views in May, experiencing the largest growth in both categories versus the prior month over all other entities in the business news competitive set. The business network also totaled 231 million multiplatform minutes in May and for the eighth consecutive month surpassed Forbes.com in multiplatform minutes. FOXBusiness.com was up double digits in multiplatform views (44%) and multiplatform minutes (41%) versus the prior year.&#x2A;&#x2A;
MAY 2021 FOX NEWS DIGITAL VS. CNN.COM
Multi-Platform Total Minutes
FOX News Digital &ndash; 3,373,000,000 (down 20 percent vs. May 2020) 
CNN.com &ndash; 2,605,000,000 (down 44 percent vs. May 2020)
Multi-Platform Total Views
FOX News Digital &ndash; 1,556,000,000 (down 16 percent vs. May 2020) 
CNN.com &ndash; 1,538,000,000 (down 40 percent vs. May 2020)
Multi-Platform Unique Visitors
FOX News Digital &ndash; 85,644,000 (down 25 percent vs. May 2020) 
CNN.com &ndash; 131,420,000 (down 20 percent vs. May 2020)

Media

FOX News Digital Saw 3.37B Multi-Platform Total Minutes In May, Down 20% From 2020

Worthington Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $1.75 by 22.86 percent. This is a 338.78 percent increase over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $978.30 million which missed the analyst consensus estimate of $1.04 billion by 5.93 percent. This is a 59.95 percent increase over sales of $611.63 million the same period last year.

Earnings

Worthington Industries Q4 EPS $2.15 Beats $1.75 Estimate, Sales $978.30M Miss $1.04B Estimate

Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) reported quarterly earnings of $2.37 per share which beat the analyst consensus estimate of $2.27 by 4.41 percent. The company reported quarterly sales of $1.37 billion which beat the analyst consensus estimate of $1.36 billion by 0.74 percent.

CNXC

Concentrix Q2 EPS $2.37 Beats $2.27 Estimate, Sales $1.37B Beat $1.36B Estimate

<ul>
<li>Red Robin Gourmet Burgers Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rrgb#NASDAQ">RRGB</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/g21688129/ziosk-extends-partnership-with-red-robin-gourmet-burgers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">has signed a new multi-year contract</a>&nbsp;with table ordering tablet maker Ziosk.</li>
<li>The agreement provides an upgrade of all the tablets in the field to the most current hardware featuring EMV and Near-Field Communication (NFC) contactless payment on demand by the beginning of Q3 2021.</li>
<li>Ziosk completed the initial rollout of tablets with Red Robin in 2015, and 112 million credit card transactions&nbsp;have run since then.</li>
<li>&ldquo;While the last year has been an extremely challenging environment for restaurants in general; we believe that Red Robin&rsquo;s commitment to invest in technology as part of their transformation strategy will set them up for growth and success in the months and years to come,&rdquo; said Jack Baum, Chief Executive Officer, Ziosk.</li>
<li>Price action:&nbsp;RRGB shares closed lower by 0.81% at $32.03 on Wednesday.</li>
</ul>

Contracts

Small Cap

RRGB

Red Robin Partners With Ziosk To Upgrade All Field Tablets

Broadstone Net Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNL#NYSE">BNL</a>), an internally-managed real estate investment trust (&ldquo;BNL,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our,&rdquo; or &ldquo;us&rdquo;), today provided an update on its recent business activities.
QUARTER-TO-DATE UPDATES
Quarter-to-date, we have invested $134.5 million, excluding capitalized acquisition costs, to acquire 14 properties at a weighted average initial cash cap rate of 6.2%. &quot;Cash cap rate&quot; represents the first-year cash yield estimated by us to be generated by a property that we acquire, based on the contractually specified base rent in place for the first full year after the date of our acquisition, divided by the purchase price of the property. The acquisitions included properties in industrial and retail asset classes located across 13 states with a weighted average initial lease term and minimum annual base rent increases of 14.7 years and 1.3%, respectively. Year-to-date, we have acquired 42 properties in 8 separate transactions for a total of $221.8 million.
We continue to build and evaluate a robust pipeline of potential investment opportunities predominantly focused on industrial, healthcare, and retail property sectors and currently have $176.6 million of properties under control, which we define as under contract or executed letter of intent. Year-to-date, we have a total of $398.5 million of acquisitions either closed or currently under control. There can be no assurance that any of the acquisitions currently under control will be completed.
As of May 31, 2021, our portfolio included 660 properties located in 41 U.S. states and one property located in British Columbia, Canada, and was 99.7% occupied. We collected 100% of base rents due for April and May of 2021.

REIT

Real Estate

Broadstone Net Lease Provides Q2 Update: Says Has Invested $134.5M QTD, Has $398.5M Of Acquisitions Either Closed Or Currently Under Control

Rumors

Initiation

Analyst Ratings

Movers

Trading Ideas

Lightning eMotors Shares Up 2% After Hours; Hearing Oppenheimer Initiated Coverage On Stock With Outperform Rating

<ul>
<li>Amazon.com Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) planned to announce commitments to buy 1.5 gigawatts of production capacity from 14 new global solar and wind plants to purchase enough renewable energy to cover every company activity by 2025, the&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/amazon-and-other-tech-giants-race-to-buy-up-renewable-energy-11624438894?mod=tech_lead_pos1" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Wall Street Journal reported</a>.</li>
<li>Amazon,&nbsp;Alphabet Inc&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), Google,&nbsp;Facebook Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>), and&nbsp;Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) are four of the top six corporate buyers of publicly disclosed renewable-energy- purchase agreements, accounting for 30%, or 25.7 gigawatts, of the cumulative total from corporations globally.</li>
<li>Amazon is the largest global corporate purchaser with other top purchasers, including the French oil company&nbsp;TotalEnergies SE&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tte#NYSE">TTE</a>) and&nbsp;AT&amp;T Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>).</li>
<li>The projects come with a colossal upfront investment that takes years to recover.</li>
<li>The scale of the investments is pressurizing the tech companies to prove that the projects add new renewable capacity to the energy grid instead of sucking up pre-existing supply.</li>
<li>A thorny issue is whether the green-power purchases reduce the carbon footprint or increase power generation to feed growing global energy consumption.</li>
<li>Now, Microsoft is analyzing power grids to determine the locations and times when additional renewable-energy production will replace the most output from existing fossil-fuel-powered plants to decide where to invest.</li>
<li>Amazon&rsquo;s latest projects, across seven U.S. states, Canada, Finland, and Spain, have pushed the firm&rsquo;s signed commitments to a total of 10 gigawatts of renewable production. The new plants, which will power Amazon&rsquo;s cloud-services arm, Amazon Web Services, are scheduled to come online in the next one to three years.</li>
<li>Google is attempting to ensure sufficient carbon-free energy on electrical grids where it operates using power, including at night and at times of peak demand.</li>
<li>Data centers were estimated to account for roughly 1% of global electricity use, according to a 2020 journal Science paper.</li>
<li>According to developers, big tech companies have built up in-house teams staffed with former deal makers at electrical utilities to source deals directly with providers. Firms like Amazon often blanket a country where they have operations with requests for energy projects.</li>
<li>Big tech&rsquo;s demand has fueled demand for power-purchase agreements (PPAs) from other corporate buyers due to banking finance constraints as per wind- and solar-energy project developers.</li>
<li>Facebook reportedly accomplished its carbon-neutral goal in 2020. However, it continues to strike new power deals due to growing energy usage. Facebook&rsquo;s electricity use rose 39% in 2020.</li>
<li>Microsoft&rsquo;s undisclosed power deals are estimated to catapult it to near the top of the biggest global green-energy buyers as per the company.</li>
</ul>

AMZN

GOOG

GOOGL

MSFT

Amazon, Microsoft, Google, Facebook Strive To Turn Carbon Neutral By Massively Investing On Cleaner Energy Procurement: WSJ

PRTG

Portage Biotech Inc. Announces Proposed Offering of Ordinary Shares; No Terms Disclosed

WIIM

AGTC

Applied Genetic Technologies shares are trading higher after the company announced that it plans to release 12-month data for adult patients and low-dose pediatric patients in its Phase 1/2 clinical Achromatopsia trials on Thursday, June 24, 2021.

<ul>
<li>Study highlights the clinical performance of NIS4&reg; technology in diagnosing at-risk NASH in patients with type 2 diabetes irrespective of age compared to other non-invasive tests</li>
<li>New analyses show the potential of NIS4&reg; technology to be a valuable clinical tool either alone or in sequential combination with other blood-based non-invasive tests in identifying at-risk NASH and advanced fibrosis in patients with and without type 2 diabetes&nbsp;&nbsp;</li>
<li>Key Opinion Leaders highlight the potential for non-invasive tests in the diagnosis of at-risk NASH on ADA TV 
	&nbsp;</li>
</ul>
Lille, France; Cambridge, MA; June 23, 2021 - GENFIT (Nasdaq and Euronext: GNFT), a late-stage biopharmaceutical company dedicated to improving the lives of patients with metabolic and liver diseases, today announced it will be making two poster presentations at two internationally-renown scientific and medical events in June 2021, including a thought-leadership documentary featuring Key Opinion Leaders (KOLs).
A poster presentation looking at the effects of age on the clinical performance of GENFIT&rsquo;s proprietary diagnostic technology NIS4&reg; in diagnosing at-risk NASH in patients with type 2 diabetes in comparison to a number of non-invasive tests, will be presented at the International Liver Congress&trade; 2021 on June 23-26, 2021, organized by the European Association for the Study of the Liver (EASL).
A poster presentation providing key insights into the performance of NIS4&reg; technology either alone or in combination with other blood-based non-invasive tests in identifying at-risk NASH and advanced fibrosis in patients with and without type 2 diabetes, will be presented at the 81st Scientific Sessions of the American Diabetes Association (ADA) on June 25-29, 2021.
In addition, GENFIT is a key contributor to a thought-leadership documentary for ADA TV discussing, alongside KOLs, the link between NASH and patients with type 2 diabetes and how access to non-invasive diagnostic test kits to diagnose NASH, such as NASHnext&trade;, powered by GENFIT&rsquo;s NIS4&reg; technology, could provide an alternative to costly and invasive procedures and potentially benefit millions of patients. Featured KOLs include:
<ul>
<li>Dr. Fernando Bril, Endocrinologist, University Alabama-Birmingham School of Medicine (Birmingham, Alabama)</li>
<li>Dr. Stephen Harrison, Gastroenterologist/Hepatologist, Medical Director at Pinnacle Research (San Antonio, Texas)</li>
<li>Dr. Suneil Hosmane, GENFIT (Cambridge, Massachusetts)</li>
<li>Dr. Brian Cavaney, CMO, Labcorp (Burlington, North Carolina)</li>
<li>Donna Cryer, President and Founder of the Global Liver Institute (Washington, DC) 
	&nbsp;</li>
</ul>
To view the 5-minute thought-leadership documentary, please click on the following link: <a href="https://www.globenewswire.com/Tracker?data=OI1kA3TG49wU36zsmIWtKSPTeH6HQWum_Ni1VuyL4W7_25JbpiSQEuOxKK2IfENgtUInroWGbYebAmcJe0fTtaziNnpLaWa9rfkTh3BbHmh5wwLIgohXl0qY5M_8a6ms6xwln9MjA-CT-9EauqJXHw==" target="_blank">https://www.youtube.com/watch?v=MlBoAG5tFMEv</a>
Both events will be held virtually and the full programs can be found on the <a href="https://www.globenewswire.com/Tracker?data=LKW_MKFex1UrsVZGCU14r8XCJJIBNSsbXSqUnHatWek33yiyEJaZ_-4A3TannMbxCHl8aayHIPp3b6Gs5gkEtftF_Gch4W3Ral03yYaIWuhGNHn8KGAxGHWOP_OoEuL7NLXHPcP_GPxy7zr6kGENiw==" target="_blank">American Diabetes Association</a> website and on the <a href="https://www.globenewswire.com/Tracker?data=J-xLfbIkELQgx-AotmiuazB8ca_aTaoOvysNEkU4If0KM2NwOss1KBDS4S6VFUFkaqB3aYYp04PMYjv2ai9JpYAMtC7xbfEe9fG0g9Y4SNSQ5P84BiwEhrlyLSI9dlcS_vXg251l5ALmweI-f1xfIw==" target="_blank">International Liver Congress</a>&trade; website.
POSTER PRESENTATIONS
International Liver Congress&trade; June 23-26, 2021
Title: In Type 2 Diabetic Patients, the Identification of At-risk Nash is Impacted by Age: A Comparison of Serum-Based NITS Including NIS4&reg;
Abstract number: 2739
Poster identifier: PO-2739
Authors: Vlad Ratziu, Jeremy Magnanensi, Sylvie Deledicque, Elodie Delecroix, Yacine Hajji, Christian Rosenquist, Suneil Hosmane and Arun Sanyal.
81st Scientific Sessions of the ADA
Title: Application of NIS4&reg; Technology for Stand-alone and Sequential Identification of At-risk NASH or Advanced Fibrosis in Non-Diabetic and Type 2 Diabetic Patients
Abstract number: #2021-A-5594-Diabetes
Poster number: 1174-P (Category 21-C Integrated Physiology&mdash;Liver)
Authors: Christian Rosenquist, Yacine Hajji, J&eacute;r&eacute;my Magnanensi, Nicolas Stankovic-Valentin, Suneil Hosmane and Arun J. Sanyal

GNFT

GENFIT Highlights 2 Poster Presentations At 2 Scientific/Medical Events In Jun.

- ARC-7 and the ongoing ARC-10 Phase 3 registrational study will continue to enroll as planned, and preparations for additional Phase 3 studies are underway for domvanalimab-based combinations across various cancer types
- Zimberelimab monotherapy showed activity similar to that of marketed anti-PD-1 antibodies studied in this setting
- At time of data cut off, no unexpected safety signals were observed in the ARC-7 study
- Data will be submitted later this year for presentation at a medical meeting 
- Gilead is anticipated to make a decision regarding opting into the Arcus anti-TIGIT program later this year
- Arcus will host a conference call today, Wednesday, June 23, 2021 at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time to provide an update on its ongoing domvanalimab program

RCUS

Arcus Biosciences Announces Anti-TIGIT Domvanalimab-Based Combinations Showed Encouraging Clinical Activity in People with Metastatic, PDL1-High Non-Small Cell Lung Cancer at First Interim Analysis of Arcus Biosciences' Randomized Phase 2 ARC-7 Study

Broadstone Net Lease Filing Shows Registration For Mixed Securities Shelf Offering, No Size Disclosed

KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) reported quarterly earnings of $1.50 per share which beat the analyst consensus estimate of $1.31 by 14.5 percent. This is a 172.73 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $1.44 billion which missed the analyst consensus estimate of $1.50 billion by 4.00 percent. This is a 57.55 percent increase over sales of $913.97 million the same period last year.

KB Home Q2 EPS $1.50 Beats $1.31 Estimate, Sales $1.44B Miss $1.50B Estimate

The week of April 12 is shaping up to be a big one for public debuts, with many investors watching the highly anticipated direct listing of Coinbase.

Here&#39;s a look at the <a href="https://www.benzinga.com/money/how-to-buy-coinbase-ipo-cbase-stock/">Coinbase IPO</a> and other companies set to go public this week.

Coinbase: One of the most anticipated IPOs of 2021 is cryptocurrency exchange Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). The company <a href="https://www.sec.gov/Archives/edgar/data/1679788/000162828021004939/coinbaseglobalincs-1a1.htm">powers </a>the cryptoeconomy and is seeking to create an open financial system for the world. Coinbase offered&nbsp;its first cryptocurrency with Bitcoin (CRYPTO: BTC), which became available to buy and sell in on the platform in 2012.&nbsp;

Coinbase had 2.8 million monthly transacting users in 2020 and 43 million verified users in 2020. The company also serves over 7,000 institutional customers. Coinbase operates in over 100 countries.

The company recently reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20530687/coinbase-has-first-mover-advantage-in-a-crypto-ecosystem-set-for-substantial-innova">first-quarter</a> revenue of $7.2 billion, greatly outpacing the $1.3 billion reported in all of&nbsp;fiscal 2020. Coinbase reported 56 million verified users globally in the first quarter and 6.1 million monthly transacting users in the first quarter.

Coinbase reports it has an 11% market share of the cryptocurrency market with $223 billion in customer&nbsp;assets. Coinbase is selling 114.9 million shares with its direct listing.&nbsp;

Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/21/02/19892419/coinbase-ipo-7-key-takeaways-investors-should-know">Coinbase IPO: 7 Key Takeaways Investors Should Know</a>

Alkami Technology Inc: Cloud based digital banking company Alkami Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKY#NASDAQ">ALKY</a>) <a href="https://www.sec.gov/Archives/edgar/data/1529274/000119312521105529/d70489ds1a.htm">offers </a>Amazon Web Services-based cloud technology and end-to-end software solutions for banking clients. The company had over 151 financial partners in 2020. Clients used an average of nine&nbsp;of 26 offered software products. The company reported revenue of $112.1 million in fiscal 2020, a 52.5% year-over-year increase. Alkami plans to offer 6&nbsp;million shares at a price point of $22 to $25.

TuSimple Holdings Inc: TuSimple Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>), which develops autonomous technology for the global truck freight market,&nbsp; <a href="https://www.sec.gov/Archives/edgar/data/1823593/000119312521108212/d909743ds1a.htm">plans </a>on selling 33.8 million shares at a price point of $35 to $39.

The company has over 240 technology patents and over 2.8 million road-tested miles. TuSimple has a partnership with Navistar International Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAV#NYSE">NAV</a>) and Volkswagen subsidiary Traton. TuSimple has over 5,700 reservations for its autonomous trucks.

TuSimple said it has an addressable market size of $4 trillion. The company hopes its autonomous trucking solutions can help with fewer accidents, driver shortages, safety and efficiency.

Labor is the largest per mile cost in the industry, making up 43% of semi truck operating costs, according to the company.

TuSimple will sell its products under a carrier-owned model and a pay-per-mile option called TuSimple Capacity.

Karat Packaging: Environmentally friendly and single use packaging company Karat Packaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRAT#NASDAQ">KRAT</a>) <a href="https://www.sec.gov/Archives/edgar/data/1758021/000110465921047204/tm2029131-12_s1a.htm">plans </a>to sell 3.95 million shares at a price point of $18 to $20.

Karat has over 50,000 customers including chains like Chili&rsquo;s, TGI Friday&rsquo;s, Chipotle Mexican Grill and In &lsquo;N Out.

The company reported revenue of $296 million in fiscal 2020, a year-over-year increase of 31.4%. Karat plans on building its online distributions, disrupting traditional food service providers and creating a one-stop supplier solution for restaurants.

Related content: Benzinga&#39;s Full&nbsp;<a href="https://www.benzinga.com/calendars/ipos">Upcoming and Recent IPOs Calendar</a>

Applovin: A provider of advance tools for mobile app developers, Applovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) <a href="https://www.sec.gov/Archives/edgar/data/1751008/000119312521108111/d73804ds1a.htm">has </a>over 410 million daily active users. The company had revenue of $1.45 billion in fiscal 2020, a 46% year-over-year increase. Applovin reports 76% compounded annual revenue growth from fiscal 2016 through fiscal 2020.

Applovin says its total market size is expected to grow from $189 billion in fiscal 2020 to $283 billion by 2024. The company plans to grow with market expansion, new market extension and geographic expansion. Applovin plans on selling 25 million shares at a price point of $75 to $85.

Agilon Health: Medicare-centric company Agilon Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) <a href="https://www.sec.gov/Archives/edgar/data/1831097/000119312521108147/d10763ds1a.htm">seeks </a>to create a service for primary care physicians to be agents for change in their community.

The company saw membership rise 45% year-over-year in fiscal 2020 and revenue grow 53% year-over-year in fiscal 2020. Agilon serves over 210,000 patients in 17 geographic areas. The company plans to grow through new regional hubs and expanded its adjacent geographic areas. Agilon plans to sell 46.6 million shares at a price point of $20 to $23.

Cryptocurrency

Previews

IPOs

IPO Preview: Coinbase, AppLovin, TuSimple Highlight Big Week Of Market Debuts

This week, five IPOs are scheduled to raise $4.5 billion in the week ahead, led by the largest U.S. cryptocurrency exchange Coinbase&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) widely anticipated direct listing. But &quot;the largest IPO of the week&quot; title will go to AppLovin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APP#NYSE">APP</a>) that plans to raise $2.0 billion at a $30.7 billion market cap. Here&#39;s a glimpse of this week&#39;s IPO market which will host various industries.

<h3>Crypto Banking</h3>

Digital banking platform Coinbase will be the Nasdaq&#39;s first major direct listing, with an estimated market value at listing of more than $50 billion. This platform allows individuals and institutions to trade Bitcoin and over 45 other crypto assets. While the company saw explosive growth in the fourth quarter of 2020, its revenue is directly tied to cryptocurrency transactions which have fluctuation with their DNA.

<h3>Software For Mobile-Game Developers</h3>

AppLovin provides a platform that enables mobile app developers to market and monetize their apps. In simple words, it provides software used by mobile-game developers to help them grow their businesses. It is fast-growing and profitable on an EBITDA basis. Since it was founded in 2012, it has driven over six billion mobile app installs for developers. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. Eighteen underwriters are listed in its prospectus, including Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), KKR &amp; Co&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Bank of America Corp&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) BofA Securities, and Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>). The company reported that approximately 410 million people a day open apps that contain Applovin software and that it has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.

Related content: Benzinga&#39;s Full&nbsp;<a href="https://www.benzinga.com/calendars/ipos">Upcoming and Recent IPOs Calendar</a>

<h3>Autonomous Driving Technology</h3>

The self-driving technology company TuSimple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) also set terms for its IPO. It could raise as much as $1.3 billion at an $8.5 billion market cap as it is offering nearly 34 million shares priced from $35 to $39. Autonomous trucking startup is developing autonomous driving technology for semi-trucks in order to build the first Autonomous Freight Network (AFN). Although it is highly unprofitable with explosive growth, itbegan generating revenue in 2019.

<h3>Healthcare Platform</h3>

Senior-focused healthcare platform agilon health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) plans to raise $1.0 billion at a $9.0 billion market cap. This company provides a healthcare platform that is focused on senior care for primary care physicians. The company has posted strong growth and was profitable on an EBITDA basis in 2020. Insiders and new investors have indicated an interest in purchasing up to 50% of the deal.

<h3>Cloud-Based Digital Banking</h3>

Texas-based cloud-based digital banking company Alkami Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKT#NASDAQ">ALKT</a>) initially planned to raise $141 million at a $2.2 billion market cap. But on Monday, the bank software upgraded its pricing range between $26 and $28 a share from the prior $22 and $25 a share so it could now raise up to $168 million. Alkami provides a digital banking platform to community, regional, and superregional financial institutions. Although it is unprofitable, it has been growing in double-digits over the past two years, steadily increasing gross and EBITDA margins.

<h3>Environmentally-Friendly Disposable Food Packaging</h3>

In its second IPO attempt, Karat Packaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>) plans to raise $75 million at a $368 million market cap. Fast-growing and profitable, this company manufactures and distributes environmentally-friendly disposable food packaging to many fast casual and fast food chains, such as Applebee&#39;s, Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), and In-N-Out.

By the looks of it, the second week of April is shaping up to be a relatively good time on the IPO front.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full <a href="https://iamnewswire.com/disclaimer-disclosure/">disclosure</a>. IAM Newswire does not hold any position in the mentioned companies. Press Releases &ndash; If you are looking for full Press release distribution contact: <a href="mailto:press@iamnewswire.com">press@iamnewswire.com</a> Contributors &ndash; IAM Newswire accepts pitches. If you&#39;re interested in becoming an IAM journalist contact: <a href="mailto:contributors@iamnewswire.com">contributors@iamnewswire.com</a>

The post <a href="https://iamnewswire.com/the-ipo-week-ahead-2/" rel="nofollow">The IPO Week Ahead</a> appeared first on <a href="https://iamnewswire.com" rel="nofollow">IAM Newswire</a>.

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The IPO Week Ahead

A company hoping to disrupt the massive semitruck market announced a SPAC deal Monday, with plans to launch autonomous trucks in 2021.

The SPAC Deal: Plus, formerly known as Plus.ai, <a href="https://www.globenewswire.com/news-release/2021/05/10/2226028/0/en/Plus-a-Global-Provider-of-Self-Driving-Truck-Technology-to-Become-Publicly-Listed-Through-Business-Combination-with-Hennessy-Capital-Investment-Corp-V.html">announced </a>a SPAC deal with Hennessy Capital Investment Corp V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCIC#NASDAQ">HCIC</a>).

The deal values the company at an enterprise value of $2.47 billion and includes a $150-million PIPE.

Shares of Plus will trade as &quot;PLAVV&quot; on the NYSE if the merger is approved. Current HCIC shareholders <a href="https://www.plus.ai/Plus_Investor_Presentation_May2021.pdf">will own</a> 13% of the new company.

About Plus: Plus is working on mass production-ready, low-cost Level 4 autonomous driving technology for the long-haul trucking sector. The company believes it can cut costs and increase margins with its proprietary full-stack Level 4 software.

Plus uses radar and LiDAR for 360 degree sensing systems.

The company plans to launch its autonomous driving solution PlusDrive in 2021 with partner FAW, the world&rsquo;s largest heavy truck manufacturer. The companies will partner to mass produce the FAW J7L3.

SL4 from Plus is expected to increase fleet operating profits by 30% to 70%. The company reduces costs and can reduce carbon emissions.

Related Link: <a href="https://www.benzinga.com/news/21/04/20666489/exclusive-tusimple-ceo-on-autonomous-semitrucks-competition-and-going-public">Exclusive: TuSimple CEO On Autonomous Semitrucks, Competition And Going Public</a>

Growth Projections For Plus: Plus is targeting an autonomous long-haul trucking market worth an estimated $1.2 trillion in the United States and China. Broadly, the company is targeting a global freight market worth $4 trillion.

In the trucking industry, there is a driver shortage and high driver turnover. Rising insurance costs and low margins have also led to growing demand for future autonomous trucking capabilities. Two-thirds of costs for the trucking industry are made up from labor and fuel.

&ldquo;Autonomous trucking is going to change the world,&rdquo; Plus said in its presentation.

The partnership with FAW in China gives Plus a large customer base.

In the United States, Plus has a partnership with one of the largest private truck fleets for 1,000 units who was unnamed.

Related content: Benzinga&#39;s Full&nbsp;<a href="https://www.benzinga.com/calendars/spac">SPAC Calendar</a>

Plus Financials: Plus has over 7,800 units preordered from its existing customers.

Plus is guiding for revenue of $16 million in fiscal 2021 and $250 million in fiscal 2022. The company sees revenue hitting $1 billion by the year fiscal 2023.

Plus is guiding to deliver 3144 units in fiscal 2021 and 3,878 in fiscal 2022.

By the year 2025, Plus anticipates holding&nbsp;a 7% market share of the autonomous trucking market.

Rivals TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>), Waymo and Cruise are valued at $8.1 billion, $30.75 billion and $30 billion respectively.

HCIC Price Action: Shares of Hennessy Capital Investment Corp V were down 0.95% at $9.90 at last check.&nbsp;

Courtesy photo.&nbsp;

Autonomous Trucking Company Plus Announces SPAC Deal: What Investors Should Know

Self-driving truck software developer Plus signed a definitive agreement Monday to merge with special purpose acquisition company (SPAC) Hennessey Capital V in a deal expected to bring $500 million in cash and a $3.3 billion valuation to Plus in Q3.

Hennessey is a veteran creator of shell companies funded by &quot;blank check&quot; investors seeking to profit from merging with a startup or early-stage company. Hennessey sponsored the public debuts of flatbed logistics company Daseke Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSKE#NASDAQ">DSKE</a>) in 2017 and more recently backed startup electric vehicle maker Canoo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) among four previous SPAC sponsorships.

&quot;While we evaluated a number of potential partners, Plus stood out for its unique AI-powered autonomous trucking technology, its partnerships with OEMs and world-class customers, and its strategic road map to start the broad commercialization of its intelligent transportation solutions today,&quot; Daniel J. Hennessy, chairman and CEO of HCIC V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCIC#NASDAQ">HCIC</a>), said in a press release.

<h2 id="h-cooling-spac-market">Cooling SPAC Market</h2>

HCIC V raised $345 million during an initial public offering in January. An additional $150 million was raised from funds participating in a private investment in public equity (PIPE). It is a smaller PIPE than many raised in other SPAC deals as the number of reverse mergers is cooling after a 15-month period in which more than 560 SPACs were started.

BlackRock and The D. E. Shaw Group are among institutional investors in the PIPE.

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The Securities and Exchange Commission (SEC) in April issued new guidance on SPACs that included reclassifying stock warrants issued to early investors as liabilities instead of equities. And it raised questions about whether forward projections of revenue and profits should be protected from liability should the projections fail to be realized.

Plus co-founder and CEO David Liu told FreightWaves in March his company was interested in raising more money to expand its driver-monitored Level 4 high autonomy software in the U.S. and Europe. Plus has a joint venture with China-owned First Auto Works (FAW).&nbsp;

If the SPAC merger closes as expected, Plus will have about $800 million on its books at the end of the third quarter, according to Wen Han, Plus chief financial officer.

Plus raised $420 million from current and new investors in February and March in a two-part Series B fundraising round. Much of the investment came from China. All current investors are rolling their stakes into the combined company and will hold about 80% of the equity, Han said.

How the U.S. government will regard that ownership will be something to watch. The Committee on Foreign Investment in the United States (CIFUS) raised questions about Chinese ownership in Plus rival TuSimple (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NYSE">TSP</a>) that began public trading following a traditional IPO in April.

A subsidiary of China media conglomerate Sina sold 6 million shares of TuSimple on the day TuSimple went public.

Related content: Benzinga&#39;s Full&nbsp;<a href="https://www.benzinga.com/calendars/spac">SPAC Calendar</a>

<h2 id="h-driverless-by-end-of-2024">Driverless By End Of 2024</h2>

For the first time Monday, Plus said it expects to remove the driver from its autonomous trucks by the end of 2024, the same year rival TuSimple plans to begin selling a driverless version of a Navistar International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAV#NYSE">NAV</a>) Class 8 truck.&nbsp;

Liu told FreightWaves in March he thinks it will take 10 billion miles of supervised driving to have sufficient data to put driverless trucks on the road. On Monday, chief operating officer Shawn Kerrigan said he thinks 8 billion miles will create sufficient data to remove the driver.

The Cupertino, California-based company plans mass production of its PlusDrive system this year, starting with integrated systems on FAW J7L3 trucks. Plus is running supervised autonomous trucks on two long-haul routes in China: 900 miles round trip from Wuhan to Wuxi and 1,000 miles round trip from Changshu to Wuhan.

&quot;It&#39;s Level 2 until you take the driver out,&quot; Don Burnette, CEO of rival Kodiak Robotics, told FreightWaves.

Plus has a deal with Europe&#39;s IVECO to jointly develop autonomous trucks. Unlike rivals TuSimple, Aurora Innovation or Waymo Via, Plus does not have a development partnership with a major truck manufacturer in the U.S.

<h2 id="h-advantages-of-driverless-trucking">Advantages Of Driverless Trucking</h2>

In an investor deck with Monday&#39;s merger announcement, Plus detailed numerous advantages of robot trucks:

<ul>
	<li>38% reduction in operating costs.</li>
	<li>1.1 million tons less of carbon emissions between 2021 and 2024.</li>
	<li>100% increase in revenue per truck.</li>
	<li>10% to 20% fuel savings.</li>
</ul>

Hennessey said Daseke&#39;s 100% driver turnover and pressured profit margins convinced him that safe, sustainable and scalable autonomous trucking is the solution. He said Hennessey reviewed hundreds of companies before settling on Plus.

<h2 id="h-tusimple-coverage-initiations">TuSimple Coverage Initiations</h2>

Separately, two Wall Street analysts initiated coverage of TuSimple on Monday. Morgan Stanley said it sees significant potential growth once it removes the driver from the truck.

&quot;If TSP clears this hurdle, we think the path to commercial launch in 2024 is relatively straightforward, and the product&#39;s value proposition looks clear,&quot; analyst Ravi Shankjer wrote in an investor note.

&quot;A successful test would likely push the stock toward our bull case value of $139 per share (or a $28 billion valuation), while failure could send it to our bear case cash plus takeout value of $10 per share (or $2 billion),&quot; he said. &quot;We view TSP as an early leader in commercial truck autonomy.&quot;

Cowen analyst Jeffrey Osborne initiated coverage on TuSimple with a $38 stock target, about 40 cents below its intraday share price Monday.

&quot;This solution offers up a compelling value proposition to fleet operators like shippers, carriers and rail/intermodal,&quot; Osborne wrote. &quot;Labor costs are a large component of a freight operator&#39;s cost, amounting to around 40% of total operating costs. Driver turnover can be as high as 100% in strong economic periods.&quot;

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/spac-rumor-mill-churns-over-autonomous-truck-software-developer-plus">SPAC rumor mill churns over truck software developer Plus</a>

<a href="https://www.freightwaves.com/news/self-driving-trucks-a-10-billion-mile-proof-case-for-plus">Self-driving trucks: A 10 billion-mile proof case for Plus</a>

<a href="https://www.freightwaves.com/news/plus-money-autonomous-technology-startup-adds-220m-to-recent-capital-raise">Plus money: Autonomous technology startup adds $220M to recent capital raise</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

Startups

Plus Scores SPAC Deal As Wall Street Sizes Up TuSimple Prospects

Cathie Wood-led Ark Investment Management shed more shares of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) on Monday, just days after halving its stake in the maker of iPhones and iPads, and snapped up shares of cryptocurrency exchange Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and daily fantasy sports company DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>).&nbsp;

The investment firm sold 87,560 Apple shares, worth about $11.1 million, of the&nbsp;289,630 shares it owned,&nbsp;as of the day&rsquo;s close via its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). No other Ark ETF has a position in Apple.

See Also: <a href="https://www.benzinga.com/markets/penny-stocks/21/05/21007110/cathie-wood-slashes-apple-stake-to-half-also-trims-google-fastly-what-you-need-to-know" style="text-decoration:none">Cathie Wood Slashes Apple Stake To Half &mdash; Also Trims Google, Fastly: What You Need To Know</a>

Shares of the Cupertino, California-based company closed 2.58% lower at $126.85 on Monday and were further down 0.42% in after-hours trading. ARKF shares closed 4.84% lower at $47.02.

The New York-based investment firm snapped up another 33,300 shares, worth about $9.77 million, of cryptocurrency exchange Coinbase via ARKF.

Related link:&nbsp;<a href="http://www.benzinga.com/money/how-to-buy-apple-stock/">How To Buy Apple Stock</a>

Coinbase shares closed 11.3% higher at $293.45 on Monday. ARKF held 194,232 shares, worth about $51.2 million, ahead of Monday&rsquo;s trade.

The investment firm also bought over half a million shares, estimated to be worth $38.6 million, in the daily fantasy sports company DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)&nbsp;via the Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).&nbsp;&nbsp;

See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21035469/draftkings-stock-investors-pull-back-after-q1-earnings-what-do-analysts-think">DraftKings Stock Investors Pull Back After Q1 Earnings: What Do Analysts Think?</a>

DKNG shares closed 6.36% lower at $45.34 on Monday.

Other Ark Buys On Monday:

<ul>
	<li>Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>)</li>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>)</li>
	<li>Surface Oncology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURF#NASDAQ">SURF</a>)</li>
	<li>Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOS#NASDAQ">INOS</a>)</li>
	<li>Fate Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>)</li>
	<li>Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>)</li>
	<li>CareDx Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
	<li>Berkeley Lights Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLI#NASDAQ">BLI</a>)</li>
	<li>10x Genomics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>)</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Beam Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>)</li>
	<li>Teradyne Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>)</li>
	<li>Kratos Defense &amp; Security Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</li>
	<li>One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AONE#NYSE">AONE</a>)</li>
	<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>)</li>
	<li>Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>)</li>
	<li>Nano Dimension Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>)</li>
	<li>Pinduoduo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)</li>
	<li>The 3D Printing ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PRNT#BATS">PRNT</a>)</li>
</ul>

Other Ark Sells On Monday:

<ul>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>Silvergate Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SI#NYSE">SI</a>)</li>
	<li>Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>)</li>
	<li>Roche Holding Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</li>
	<li>Nanostring Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSTG#NASDAQ">NSTG</a>)</li>
	<li>Sarepta Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Regeneron Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
	<li>Nintendo Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#NASDAQ">NTDOY</a>)</li>
	<li>Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)</li>
	<li>Huya Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>Teledyne Technologies Inc&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>)</li>
	<li>Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>)</li>
	<li>Komatsu Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KMTUY#OTC">KMTUY</a>)</li>
	<li>Opendoor Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>)</li>
	<li>Agora Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>)</li>
	<li>Adyen Nv (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADYEY#OTC">ADYEY</a>)</li>
</ul>

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Sector ETFs

ETFs

Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings

Wolfe Research analyst Scott Group initiates coverage on TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) with a Peer Perform rating.

Wolfe Research Initiates Coverage On TuSimple Hldgs with Peer Perform Rating

Upgrades

Downgrades

Intraday Update

Benzinga's Top Ratings Upgrades, Downgrades For May 11, 2021

Cathie Wood-led Ark Investment Management on Tuesday snapped up 2.8 million shares, worth about $56.7 million, in Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) after the data analytics company reported strong earnings on Tuesday.

Shares of Palantir, which reported earnings before the market opened, were down to about $16.50 in premarket trading on Tuesday before staging a reversal that saw the stock close up 9.42% at $20.21. The shares were further up 2.3% in extended hours.

See also:&nbsp;<a href="https://www.benzinga.com/money/how-to-buy-palantir-technologies-pltr-stock/">How to Buy Palantir Technologies (PLTR) Stock</a>

The trades were made through Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and the&nbsp;ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), which together held PLTR shares, worth about $414 million, ahead of Tuesday&rsquo;s trade.

No other Ark ETF has a position in Palantir.&nbsp;

The New York-based investment firm had on Monday also snapped up 1.36 million shares in Palantir.

See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21073150/palantir-stages-reversal-following-phenomenal-earnings-report-says-roger-monteforte">Palantir Stages Reversal Following &#39;Phenomenal&#39; Earnings Report, Says Roger Monteforte</a>

Palantir reported first-quarter earnings of 4 cents per share on Tuesday, which was in line with the consensus estimate. Revenue grew 49% year-over-year to $341 million, which beat the estimate of $332.23 million. Palantir also reaffirmed its guidance for annual revenue growth of 30% or greater through 2025.&nbsp;

On the conference call, the company said it would begin accepting Bitcoin as payment from customers. Further, Palantir said it&#39;s considering investing in Bitcoin or other cryptocurrencies.

See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21050757/cathie-wood-cuts-apple-stake-by-30-and-buys-coinbase-draftkings">Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings</a>

Other Ark Buys On Tuesday:

<ul>
	<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
	<li>Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>)</li>
	<li>Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>CareDx Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</li>
	<li>Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</li>
	<li>Spotify Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>)</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
	<li>Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
	<li>Pacific Biosciences of California Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>)</li>
	<li>Beam Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>)</li>
	<li>Berkeley Lights Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLI#NASDAQ">BLI</a>)</li>
	<li>Fate Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>)</li>
	<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
	<li>Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>)</li>
	<li>One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AONE#NYSE">AONE</a>)</li>
	<li>Kratos Defense &amp; Security Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</li>
	<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>)</li>
	<li>The 3D Printing ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PRNT#BATS">PRNT</a>)</li>
	<li>Teradyne Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>)</li>
	<li>JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)</li>
	<li>&nbsp;</li>
</ul>

Other Ark Sells On Tuesday:

<ul>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>Silvergate Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SI#NYSE">SI</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Syros Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>)</li>
	<li>Nanostring Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSTG#NASDAQ">NSTG</a>)</li>
	<li>Sarepta Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</li>
	<li>Roche Holding Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</li>
	<li>Pluristem Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTI#NASDAQ">PSTI</a>)</li>
	<li>KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Novartis Ag (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>)</li>
	<li>Regeneron Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
	<li>Nintendo Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#NASDAQ">NTDOY</a>)</li>
	<li>Huya Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>)</li>
	<li>Organovo Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONVO#NASDAQ">ONVO</a>)</li>
	<li>Komatsu Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KMTUY#OTC">KMTUY</a>)</li>
	<li>Workhorse Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</li>
	<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</li>
	<li>Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)</li>
	<li>Agora Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>)</li>
	<li>Adyen Nv (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADYEY#OTC">ADYEY</a>)</li>
	<li>LendingTree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>)</li>
	<li>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</li>
</ul>

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Photo by Tech.Co on Flickr

Penny Stocks

Cathie Wood Loads Up $57M In Palantir As Stock Stages Reversal On Q1 Earnings Beat

Credit Suisse analyst Dan Levy initiates coverage on TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) with a Outperform rating and announces Price Target of $62.

Price Target

Credit Suisse Initiates Coverage On TuSimple Hldgs with Outperform Rating, Announces Price Target of $62

&nbsp;

<h2>Upgrades</h2>

<ul>
	<li>Craig-Hallum upgraded the previous rating for ShotSpotter Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSTI#NASDAQ">SSTI</a>) from Hold to Buy. For the first quarter, ShotSpotter had an EPS of $0.02, compared to year-ago quarter EPS of $0.00. The current stock performance of ShotSpotter shows a 52-week-high of $53.97 and a 52-week-low of $20.26. Moreover, at the end of the last trading period, the closing price was at $30.84.</li>
	<li>For TransDigm Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>), Vertical Research upgraded the previous rating of Hold to Buy. For the second quarter, TransDigm Gr had an EPS of $2.58, compared to year-ago quarter EPS of $5.10. The stock has a 52-week-high of $633.04 and a 52-week-low of $303.51. At the end of the last trading period, TransDigm Gr closed at $599.04.</li>
	<li>For PaySign Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYS#NASDAQ">PAYS</a>), Ladenburg Thalmann upgraded the previous rating of Sell to Neutral. In the first quarter, PaySign showed an EPS of $0.03, compared to $0.05 from the year-ago quarter. The current stock performance of PaySign shows a 52-week-high of $10.98 and a 52-week-low of $3.25. Moreover, at the end of the last trading period, the closing price was at $3.52.</li>
	<li>Guggenheim upgraded the previous rating for BigCommerce Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) from Sell to Neutral. BigCommerce Holdings earned $0.04 in the first quarter, compared to $0.40 in the year-ago quarter. The current stock performance of BigCommerce Holdings shows a 52-week-high of $162.50 and a 52-week-low of $43.80. Moreover, at the end of the last trading period, the closing price was at $46.47.</li>
	<li>Citigroup upgraded the previous rating for CRH PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRH#NYSE">CRH</a>) from Neutral to Buy. CRH earned $0.11 in the fourth quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $51.46 and a 52-week-low of $26.56. At the end of the last trading period, CRH closed at $50.24.</li>
	<li>B of A Securities upgraded the previous rating for ExlService Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXLS#NASDAQ">EXLS</a>) from Underperform to Neutral. For the first quarter, ExlService Holdings had an EPS of $1.18, compared to year-ago quarter EPS of $0.81. The current stock performance of ExlService Holdings shows a 52-week-high of $98.98 and a 52-week-low of $51.09. Moreover, at the end of the last trading period, the closing price was at $97.26.</li>
	<li>Piper Sandler upgraded the previous rating for CapStar Financial Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTR#NASDAQ">CSTR</a>) from Neutral to Overweight. In the first quarter, CapStar Financial Hldgs showed an EPS of $0.50, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $20.00 and a 52-week-low of $9.01. At the end of the last trading period, CapStar Financial Hldgs closed at $19.18.</li>
	<li>B of A Securities upgraded the previous rating for NortonLifeLock Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLOK#NASDAQ">NLOK</a>) from Underperform to Buy. NortonLifeLock earned $0.40 in the fourth quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.40 and a 52-week-low of $17.98. NortonLifeLock closed at $23.35 at the end of the last trading period.</li>
	<li>For Coca-Cola Europacific Partners PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NYSE">CCEP</a>), Deutsche Bank upgraded the previous rating of Hold to Buy. At the moment, the stock has a 52-week-high of $57.61 and a 52-week-low of $34.02. Coca-Cola Europacific closed at $56.17 at the end of the last trading period.</li>
	<li>According to Morgan Stanley, the prior rating for BigCommerce Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) was changed from Underweight to Equal-Weight. In the first quarter, BigCommerce Holdings showed an EPS of $0.04, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $162.50 and a 52-week-low of $43.80. BigCommerce Holdings closed at $46.47 at the end of the last trading period.</li>
	<li>According to Stifel, the prior rating for Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) was changed from Hold to Buy. Unity Software earned $0.10 in the first quarter. The stock has a 52-week-high of $174.94 and a 52-week-low of $65.11. At the end of the last trading period, Unity Software closed at $84.48.</li>
	<li>Berenberg upgraded the previous rating for DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) from Sell to Hold. In the first quarter, DraftKings showed an EPS of $0.87, compared to $0.16 from the year-ago quarter. The current stock performance of DraftKings shows a 52-week-high of $74.38 and a 52-week-low of $23.50. Moreover, at the end of the last trading period, the closing price was at $44.01.</li>
	<li>According to Stifel, the prior rating for Hanesbrands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) was changed from Hold to Buy. For the first quarter, Hanesbrands had an EPS of $0.39, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $22.82 and a 52-week-low of $7.71. Hanesbrands closed at $19.27 at the end of the last trading period.</li>
	<li>For Phathom Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>), Goldman Sachs upgraded the previous rating of Sell to Neutral. In the first quarter, Phathom Pharmaceuticals showed an EPS of $0.96, compared to $0.62 from the year-ago quarter. The current stock performance of Phathom Pharmaceuticals shows a 52-week-high of $64.54 and a 52-week-low of $28.10. Moreover, at the end of the last trading period, the closing price was at $34.09.</li>
	<li>For Rackspace Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NASDAQ">RXT</a>), Raymond James upgraded the previous rating of Outperform to Strong Buy. In the first quarter, Rackspace Technology earned $0.23. The stock has a 52-week-high of $26.43 and a 52-week-low of $15.44. At the end of the last trading period, Rackspace Technology closed at $19.01.</li>
	<li>According to Raymond James, the prior rating for Casa Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASA#NASDAQ">CASA</a>) was changed from Underperform to Market Perform. For the first quarter, Casa Systems had an EPS of $0.11, compared to year-ago quarter EPS of $0.07. The current stock performance of Casa Systems shows a 52-week-high of $13.15 and a 52-week-low of $3.65. Moreover, at the end of the last trading period, the closing price was at $7.85.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>

&nbsp;

<h2>Downgrades</h2>

<ul>
	<li>For American Water Works Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>), Argus Research downgraded the previous rating of Buy to Hold. For the first quarter, American Water Works Co had an EPS of $0.73, compared to year-ago quarter EPS of $0.67. The current stock performance of American Water Works Co shows a 52-week-high of $172.56 and a 52-week-low of $112.50. Moreover, at the end of the last trading period, the closing price was at $153.58.</li>
	<li>For Jamf Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAMF#NASDAQ">JAMF</a>), Goldman Sachs downgraded the previous rating of Buy to Neutral. Jamf Holding earned $0.08 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.87 and a 52-week-low of $28.82. Jamf Holding closed at $31.55 at the end of the last trading period.</li>
	<li>For Grocery Outlet Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GO#NASDAQ">GO</a>), Craig-Hallum downgraded the previous rating of Buy to Hold. Grocery Outlet Holding earned $0.23 in the first quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Grocery Outlet Holding shows a 52-week-high of $48.87 and a 52-week-low of $31.81. Moreover, at the end of the last trading period, the closing price was at $40.54.</li>
	<li>According to Morgan Stanley, the prior rating for Bright Scholar Education Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDU#NYSE">BEDU</a>) was changed from Equal-Weight to Underweight. Bright Scholar Education earned $0.06 in the second quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Bright Scholar Education shows a 52-week-high of $8.78 and a 52-week-low of $4.62. Moreover, at the end of the last trading period, the closing price was at $4.84.</li>
	<li>Goldman Sachs downgraded the previous rating for Amarin Corp PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRN#NASDAQ">AMRN</a>) from Neutral to Sell. Amarin Corp earned $0.00 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.25 and a 52-week-low of $3.36. Amarin Corp closed at $4.61 at the end of the last trading period.</li>
	<li>According to RBC Capital, the prior rating for Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was changed from Outperform to Sector Perform. For the fourth quarter, Dollar General had an EPS of $2.62, compared to year-ago quarter EPS of $2.10. The current stock performance of Dollar General shows a 52-week-high of $225.25 and a 52-week-low of $173.50. Moreover, at the end of the last trading period, the closing price was at $214.11.</li>
	<li>According to Roth Capital, the prior rating for Array Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) was changed from Buy to Neutral. In the first quarter, Array Technologies earned $0.19. The stock has a 52-week-high of $54.78 and a 52-week-low of $23.14. At the end of the last trading period, Array Technologies closed at $24.95.</li>
	<li>JP Morgan downgraded the previous rating for Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) from Overweight to Neutral. In the first quarter, Novavax showed an EPS of $3.05, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $331.68 and a 52-week-low of $19.62. At the end of the last trading period, Novavax closed at $138.18.</li>
	<li>Barclays downgraded the previous rating for Array Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) from Overweight to Underweight. Array Technologies earned $0.19 in the first quarter. At the moment, the stock has a 52-week-high of $54.78 and a 52-week-low of $23.14. Array Technologies closed at $24.95 at the end of the last trading period.</li>
	<li>For Array Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>), Piper Sandler downgraded the previous rating of Overweight to Neutral. Array Technologies earned $0.19 in the first quarter. The stock has a 52-week-high of $54.78 and a 52-week-low of $23.14. At the end of the last trading period, Array Technologies closed at $24.95.</li>
	<li>Deutsche Bank downgraded the previous rating for Grocery Outlet Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GO#NASDAQ">GO</a>) from Buy to Hold. Grocery Outlet Holding earned $0.23 in the first quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.87 and a 52-week-low of $31.81. Grocery Outlet Holding closed at $40.54 at the end of the last trading period.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>

&nbsp;

<h2>Initiations</h2>

<ul>
	<li>With a Buy rating, Ladenburg Thalmann initiated coverage on Catabasis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATB#NASDAQ">CATB</a>). The price target seems to have been set at $6.00 for Catabasis Pharmaceuticals. For the fourth quarter, Catabasis Pharmaceuticals had an EPS of $0.45, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $8.59 and a 52-week-low of $1.25. Catabasis Pharmaceuticals closed at $1.78 at the end of the last trading period.</li>
	<li>Stifel initiated coverage on Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) with a Buy rating. The price target for Hewlett Packard is set to $20.00. Hewlett Packard earned $0.52 in the first quarter, compared to $0.44 in the year-ago quarter. The current stock performance of Hewlett Packard shows a 52-week-high of $16.74 and a 52-week-low of $8.29. Moreover, at the end of the last trading period, the closing price was at $16.19.</li>
	<li>With an Outperform rating, Credit Suisse initiated coverage on TuSimple Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>). The price target seems to have been set at $62.00 for TuSimple Hldgs. At the moment, the stock has a 52-week-high of $41.50 and a 52-week-low of $32.13. TuSimple Hldgs closed at $38.07 at the end of the last trading period.</li>
	<li>B of A Securities initiated coverage on Vanda Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNDA#NASDAQ">VNDA</a>) with a Buy rating. The price target for Vanda Pharmaceuticals is set to $22.00. For the first quarter, Vanda Pharmaceuticals had an EPS of $0.15, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $20.51 and a 52-week-low of $9.00. Vanda Pharmaceuticals closed at $17.83 at the end of the last trading period.</li>
	<li>B. Riley Securities initiated coverage on New York Mortgage Trust Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYMT#NASDAQ">NYMT</a>) with a Buy rating. The price target for New York Mortgage Trust is set to $6.00. New York Mortgage Trust earned $0.11 in the first quarter, compared to $1.63 in the year-ago quarter. The current stock performance of New York Mortgage Trust shows a 52-week-high of $4.78 and a 52-week-low of $1.51. Moreover, at the end of the last trading period, the closing price was at $4.35.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2021

Cathie Wood-led Ark Investment Management on Wednesday snapped up 2.07&nbsp;million shares, worth about $39 million, in Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>),&nbsp;on a day the stock reversed the earnings-driven gains of the previous session.

Shares of software and analytics tool-making company traded sharply lower on Wednesday, closing 6.53% lower at $18.89 and were further down 0.6% in extended hours. PLTR shares had&nbsp;jumped over 9% on Tuesday after reporting an&nbsp;earnings beat.

The trades were made through Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). Ark holds Palantir via two funds, ARKK and the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), which together held 25.23 million shares, worth about $510 million, ahead of Wednesday&rsquo;s trade.

Wednesday was third straight where Ark <a href="http://www.benzinga.com/markets/penny-stocks/21/05/21074743/cathie-wood-loads-up-57m-in-palantir-as-stock-stages-reversal-on-q1-earnings-beat">added Palantir to its portfolio.</a>

Other Ark Buys On Wednesday:

<ul>
	<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
	<li>Zymergen Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZY#NASDAQ">ZY</a>)</li>
	<li>Signify Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGFY#NYSE">SGFY</a>)</li>
	<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>)</li>
	<li>Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>Berkeley Lights Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLI#NASDAQ">BLI</a>)</li>
	<li>Butterfly Network Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>)</li>
	<li>Skillz Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKLZ#NYSE">SKLZ</a>)&nbsp;</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>)</li>
	<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
	<li>Zillow Group Inc Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
	<li>Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
	<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
	<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
	<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</li>
	<li>Kratos Defense &amp; Security Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</li>
	<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>)</li>
	<li>The 3D Printing ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PRNT#BATS">PRNT</a>)</li>
</ul>

Other Ark Sells On Wednesday:

<ul>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>Silvergate Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SI#NYSE">SI</a>)</li>
	<li>Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>)</li>
	<li>Syros Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>)</li>
	<li>Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>)</li>
	<li>Sarepta Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</li>
	<li>Roche Holding Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</li>
	<li>Pluristem Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTI#NASDAQ">PSTI</a>)</li>
	<li>Regeneron Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Novartis Ag (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>)</li>
	<li>KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Huya Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>)</li>
	<li>Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)</li>
	<li>Pure Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>)</li>
	<li>Workhorse Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</li>
	<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</li>
</ul>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/NUehKZBLBCQ" width="560"></iframe>

Photo by <a href="https://www.flickr.com/photos/doctorow/32215763362">Cory Doctorow</a> on Flickr

Cathie Wood Piles Up Palantir For Third Day In A Row, Adding $39M Worth Of Shares

Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, in Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) after the company posted its first operating loss as a listed company, as a record regulatory fine it was <a href="https://www.benzinga.com/news/21/04/20571657/why-is-alibaba-stock-surging-despite-2-87b-antitrust-fine" style="text-decoration:none">slapped</a> with last month weighed on its earnings.

Shares of Alibaba, the e-commerce company that runs China&rsquo;s most visited online marketplaces Taobao and Tmall, closed 6.28% lower at $206.08 on Thursday.

The ARK Fintech Innovation&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>)&nbsp; made the trade,&nbsp;ahead of which It held 422,896 shares, worth about $92.99 million in Alibaba.

See Also: <a href="https://www.benzinga.com/fintech/21/04/20828550/ant-troubles-not-over-jack-mas-relations-with-regulators-said-to-be-under-beijing-scrutiny" style="text-decoration:none">Ant Troubles Not Over? Jack Ma&#39;s Relations With Regulators Said To Be Under Beijing Scrutiny</a>

Besides ARKF, the hedge fund also holds Alibaba via the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and the ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).

Wood&#39;s firm has been <a href="http://www.benzinga.com/trading-ideas/long-ideas/21/05/20833496/cathie-wood-cant-get-enough-of-these-3-chinese-alibaba-rivals" style="text-decoration:none">piling up shares in Alibaba rivals</a> including Pinduoduo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).

Other Ark Buys On Thursday:

<ul>
	<li>Zillow Group Inc Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
	<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
	<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
	<li>Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</li>
	<li>Square Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)</li>
	<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>)</li>
	<li>Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>1life Healthcare Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEM#NASDAQ">ONEM</a>)</li>
	<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>)</li>
	<li>Butterfly Network Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>)</li>
	<li>Butterfly Network Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>)</li>
	<li>Signify Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGFY#NYSE">SGFY</a>)</li>
	<li>Zymergen Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZY#NASDAQ">ZY</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>)</li>
	<li>Pacific Biosciences of California Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>)</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
	<li>Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>)</li>
	<li>Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
	<li>Beam Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>)</li>
	<li>Skillz Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKLZ#NYSE">SKLZ</a>)&nbsp;</li>
	<li>Kratos Defense &amp; Security Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</li>
	<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>)</li>
	<li>The 3D Printing ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PRNT#BATS">PRNT</a>)</li>
</ul>

Other Ark Sells On Thursday:

<ul>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>Silvergate Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SI#NYSE">SI</a>)</li>
	<li>Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>)</li>
	<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>)</li>
	<li>Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>)</li>
	<li>Syros Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>)</li>
	<li>Sarepta Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</li>
	<li>Roche Holding Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</li>
	<li>Pluristem Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTI#NASDAQ">PSTI</a>)</li>
	<li>Regeneron Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Bristol-Myers Squibb Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Pure Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>)</li>
	<li>Novartis Ag (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>)</li>
	<li>Paccar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>)</li>
	<li>Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</li>
	<li>PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)</li>
	<li>Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>)</li>
	<li>Nvdia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
	<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</li>
	<li>HubSpot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>)</li>
	<li>Fastly Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>)</li>
	<li>Docusign Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>)</li>
	<li>Crowdstrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</li>
	<li>Workhorse Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</li>
	<li>Adyen NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADYEY#OTC">ADYEY</a>)</li>
</ul>

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Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Cathie Wood-led Ark Investment Management on Friday bought 150,556 shares, worth about $26.15 million, in Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), marking its debut in the media and entertainment company as analysts pointed to benefits from the reopening&nbsp;of theme parks in 2021.

DIS shares fell 2.58% at $173.70 on Friday. The company <a href="https://www.benzinga.com/news/earnings/21/05/21116273/walt-disneys-stock-falls-on-revenue-miss-slower-disney-subscriber-growth" style="text-decoration:none">reported</a> fiscal second-quarter earnings after market hours on Thursday.

See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21128986/walt-disney-shares-pull-back-after-q2-earnings-what-do-analysts-think" style="text-decoration:none">Walt Disney Shares Pull Back After Q2 Earnings: What Do Analysts Think?</a>

Walt Disney World Resort has <a href="https://www.benzinga.com/news/21/05/21143357/disney-world-loosens-mask-requirements-following-cdc-update">announced</a> that visitors are no longer required to wear masks in most outdoor areas.

The Disney shares were purchased for the&nbsp;ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). Shares of ARKW closed 4.14% higher at $128.60 on Friday.&nbsp;

ARKW also sold 26,621 shares, worth about $13.1 million, in video streaming company Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).

Ark also holds 23,226 shares, worth about $11.3 million, in Netflix via its Ark Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).&nbsp;

See also:&nbsp;<a href="https://www.benzinga.com/money/how-to-buy-disney-stock/">How to Buy Disney Stock</a>

Disney and Sony Group Corporation&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) Sony Pictures Entertainment last month announced a multi-year <a href="http://www.benzinga.com/news/21/04/20739144/disney-strikes-deal-with-sony-to-stream-movies-after-netflix-window-expiry-what-you-should-know">content licensing deal</a> that will give Disney U.S. streaming and television rights for &ldquo;Spider-Man&rdquo; and other upcoming Sony movies after their initial streaming on Netflix.

Other Ark Buys On Friday:

<ul>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>)</li>
	<li>Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>)</li>
	<li>Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>Signify Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGFY#NYSE">SGFY</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>)</li>
	<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>Berkeley Lights Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLI#NASDAQ">BLI</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>Accolade Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>)</li>
	<li>Surface Oncology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURF#NASDAQ">SURF</a>)</li>
	<li>Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
	<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
	<li>Pacific Biosciences of California Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>)</li>
	<li>Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>)</li>
	<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
	<li>Kratos Defense &amp; Security Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</li>
	<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>)</li>
</ul>

Other Ark Sells On Friday:

<ul>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>MarketAxess Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>)</li>
	<li>Nvdia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
	<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>)</li>
	<li>Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>)</li>
	<li>Syros Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>)</li>
	<li>Sarepta Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</li>
	<li>Roche Holding Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</li>
	<li>Pluristem Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTI#NASDAQ">PSTI</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>Organovo Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONVO#NASDAQ">ONVO</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Regeneron Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
	<li>Paccar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>)</li>
	<li>HUYA Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>)</li>
	<li>Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)</li>
	<li>Fastly Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>)</li>
	<li>Crowdstrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</li>
	<li>Workhorse Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</li>
	<li>Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>)</li>
	<li>Agora Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>)</li>
</ul>

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Cathie Wood Buys $26M Disney Shares And Sells $13M In Netflix: What You Need To Know

Cathie Wood-led Ark Investment Management on Monday shed nearly all of its stake in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and continued to snap up shares of Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).

Ark sold 188,455 shares, worth about $23.8 million in Apple. After Monday&#39;s sale, the investment firm now holds a little under 3,000 shares in the Cupertino, California-based company via the&nbsp;ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). No other Ark ETF has a position in Apple.

Shares of Apple closed 0.93% lower at $126.27 on Monday.

See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21050757/cathie-wood-cuts-apple-stake-by-30-and-buys-coinbase-draftkings" style="text-decoration:none">Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings</a>

The New York-based investment firm snapped up another 259,897 shares, worth about $64.5 million, in the cryptocurrency exchange Coinbase via ARKF, the Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).

Coinbase shares closed 3.92% lower at $248.24 on Monday. The three ETFs together held 3.4 million shares, worth about $878.4 million, ahead of Monday&rsquo;s trade.

See also:&nbsp;<a href="http://www.benzinga.com/money/how-to-buy-apple-stock/">How To Buy Apple Stock</a>

Other Ark Buys On Monday:

<ul>
	<li>Square Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)</li>
	<li>Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>)</li>
	<li>StoneCo Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>)</li>
	<li>Signify Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGFY#NYSE">SGFY</a>)</li>
	<li>Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>)</li>
	<li>908 Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>)</li>
	<li>1life Healthcare Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEM#NASDAQ">ONEM</a>)</li>
	<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>)</li>
	<li>Castle Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>)</li>
	<li>CM Life Sciences II Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMII#NASDAQ">CMII</a>)</li>
	<li>Codexis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>)</li>
	<li>Accolade Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>)</li>
	<li>Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
	<li>Twitter Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWTR#NYSE">TWTR</a>)</li>
	<li>TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)</li>
	<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
	<li>Pacific Biosciences of California Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>)</li>
	<li>Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>)</li>
	<li>Uipath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)</li>
	<li>Niu Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>)</li>
	<li>Atlas Crest Investment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NYSE">ACIC</a>)</li>
	<li>Draftkings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
	<li>Blade Air Mobility Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>)</li>
</ul>

Other Ark Sells On Monday:

<ul>
	<li>HubSpot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIBS#NYSE">HIBS</a>)</li>
	<li>Guidewire Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>)</li>
	<li>Yeahka Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YHEKF#OTC">YHEKF</a>)</li>
	<li>MarketAxess Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>)</li>
	<li>Nvdia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
	<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>)</li>
	<li>Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>)</li>
	<li>Pluristem Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTI#NASDAQ">PSTI</a>)</li>
	<li>Bristol-Myers Squibb Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</li>
	<li>Phreesia Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>)</li>
	<li>Organovo Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONVO#NASDAQ">ONVO</a>)</li>
	<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</li>
	<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
	<li>Lendingtree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>)</li>
	<li>Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</li>
	<li>Paccar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>)</li>
	<li>Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>)</li>
	<li>Galileo Acquisition Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLEO#NYSE">GLEO</a>)</li>
	<li>Autodesk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>)</li>
	<li>Agora Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>)</li>
	<li>Workhorse Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</li>
	<li>Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>)</li>
	<li>Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>)</li>
</ul>

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Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase

TuSimple today announced a revolutionary new logistics project in the fresh produce industry. In partnership with The Giumarra Companies, a leading international network of fresh produce growers, distributors and marketers, and the Associated Wholesale Grocers, Inc. (AWG), the nation&#39;s largest cooperative food wholesaler, TuSimple completed an industry-first test pilot to resulting in faster service, fresher food, and less waste.

<a href="https://mma.prnewswire.com/media/1482757/TuSimple_Logo.html" target="_blank"><img alt="TuSimple Holdings Inc. Logo (PRNewsfoto/TuSimple Holdings Inc.)" src="https://mma.prnewswire.com/media/1482757/TuSimple_Logo.jpg" /> </a>

On May 3, 2021, TuSimple picked up a load of fresh watermelons from Giumarra&#39;s facility in Nogales, Arizona, and transported the produce across four states to AWG&#39;s distribution center in Oklahoma City, Oklahoma, where the fruit was inspected and distributed to Doc&#39;s Country Mart and Homeland grocery stores across the state.

The pick-up and delivery of the produce, commonly referred to as &quot;first mile&quot; and &quot;last mile,&quot; was done manually with a human driver, while the longest portion of the journey from Tucson, Arizona, to Dallas, Texas, also known as the &quot;middle mile,&quot; was done autonomously using TuSimple&#39;s self-driving technology. The autonomous portion of the journey covered more than 900 miles. A human driver can complete the entire trip in 24 hours and six minutes, while TuSimple demonstrated its autonomous system can make this trip in 14 hours and six minutes, which is 42% faster.

&quot;Autonomous trucking technology is a real game-changer for us,&quot; said Tim Riley, President of the Giumarra Companies, &quot;as its time and cost efficiencies provide us with an enhanced opportunity to supply fresher fruits and vegetables across the United States, particularly to food deserts and rural communities.&quot;

While package delivery, large freight carriers and commercial railroads are already leveraging TuSimple&#39;s autonomous trucking solutions, one of the most promising applications is within the food industry.

&quot;We believe the food industry is one of many that will greatly benefit from the use of TuSimple&#39;s autonomous trucking technology,&quot; said Jim Mullen, Chief Administrative Officer at TuSimple. &quot;Given the fact that autonomous trucks can operate nearly continuously without taking a break means fresh produce can be moved from origin to destination faster, resulting in fresher food and less waste.&quot;

TuSimple Reports New Logistics Project In Fresh Produce Industry: Will Partner With The Giumarra Companies, Associated Wholesale Grocers, Completed Test Pilot For Use Of Autonomous Delivery Trucks

Watermelons are the latest proof point for autonomous trucking. TuSimple&#39;s driver-monitored Level 4 high autonomy-equipped trucks covered 900 miles from Nogales, Arizona, to Oklahoma City, delivering the fruit in just over 14 hours &mdash; 42% faster than a typical run.

The efficiency gains from the self-driving truck software startup&#39;s experiment with Los Angeles-based <a href="https://www.giumarra.com/about">Giumarra Cos.</a> could eventually alter the way produce is picked, packed and shipped to local groceries.

&quot;Speed to market for watermelons isn&#39;t as important because they&#39;re a sturdier fruit and they have a longer shelf life,&quot; Kristina Lorusso, Giumarra business development director, told FreightWaves. &quot;Something like stone fruit or berries where we&#39;re shaving off that time, [that would be] a very exciting development.&quot;

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Last summer, Giumarra tested a pilot-monitored autonomous plane to move peaches from Reedley in California&#39;s Central Valley to Los Angeles: a two-hour trip instead of two days.

&quot;If we want a 24-hour delivery, we need to work with our growers and let them know we want [the fruit] to be tree-ripe,&quot; Lorusso said. &quot;They have to pick and pack and get it ready for shipment in a different way than they would for something they know is going to be a very long-haul drive.&quot;

<h2 id="h-sold-on-autonomous-technology">Sold On Autonomous tTchnology</h2>

Giumarra, which has an international network of growers, distributors and producers, is sold on autonomous technology. It plans three more watermelon runs in TuSimple trucks over the next three weeks following the first on May 3. Then it will decide if other, more delicate fruits, should be added.

A human driver handled the beginning of the watermelons&#39; journey and the final miles of the first&nbsp; trip. TuSimple&#39;s robot Class 8 truck, with a safety driver on board, covered the four states in between. A drop-and-hook of the trailer kept the run within hours-of-service regulations.

&quot;The autonomous trucks are going to be very good for us on the West Coast to go from place to place,&quot; Lorusso said. &quot;In the Midwest, the ability to bring tree-ripened fruit on a plane within a couple of hours, it&#39;s going to be game-changing.&quot;

One lesson from the watermelon run was to assure accurate weight. Sixty bins of watermelons is a typical load. But larger and heavier specimens can require leaving some off.

&quot;An autonomous truck isn&#39;t going to be as easily able to just turn around and get a bin or two taken off the load,&quot; Lorusso said.

<h2 id="h-making-a-point">Making A&nbsp;Point</h2>

For TuSimple (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NYSE">TSP</a>), the first autonomous trucking software developer to be publicly traded, the watermelon deliveries prove a bigger point.

&quot;One of the largest obstacles for the adoption and proliferation of autonomous trucks is going to be how the rest of society feels about it,&quot; Jim Mullen, TuSimple chief administrative officer, told FreightWaves. &quot;We think these types of examples will be extremely helpful in having society come around.&quot;

TuSimple has 50 Level 4-equipped trucks hauling freight in the American Southwest. It is continuing to map new routes to expand its Autonomous Freight Network that generated $944,000 of revenue in Q1. TuSimple added 1,200 miles of newly mapped lanes in the first quarter, bringing its total to 5,000 miles.

&quot;Our pace of mapping and how scalable this system is is quite robust,&quot; TuSimple CEO Cheng Lu said on the company&#39;s May 10 call with analysts. &quot;And of course, we&#39;re continuingly making progress there.&quot;

Still, Giumarra is limited by where TuSimple can move autonomously.&nbsp;

&quot;They are working on that and as those lanes open up, we will hopefully be right along with them with our retail partners,&quot; Lorusso said.

Giumarra has its own trucking and logistics unit and contracts drivers to move 100,000 shipments annually. Lorusso said she sees no reason why the company would not add autonomous trucks to its fleet when they become available.&nbsp;

TuSimple has 6,775 nonbinding reservations for a Class 8 International truck with embedded Level 4 software that Navistar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAV#NYSE">NAV</a>) will produce in 2024.

&quot;We are keeping our eye on what is coming,&quot; she said. &quot;It is definitely the future, and we are working very closely with all of our tech partners to sort out what works and what is viable. If the technology is right and everything seems to be moving along the way it should be, I can&#39;t see why we wouldn&#39;t want to get involved.&quot;

<h2 id="h-perfecting-produce">Perfecting Produce</h2>

Produce is an ideal vertical to harvest the benefits of autonomous trucking, said Mullen, a former acting director of the Federal Motor Carrier Safety Administration who earlier spent more than a decade as an executive with Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>).

&quot;I have a lot of friends in the produce industry and reliable capacity is an issue they always discuss,&quot; Mullen said. Avoiding the inconsistency of spot market pricing &quot;is going to be very valuable for that industry.&quot;

Lorusso agrees.

&quot;We&#39;re definitely working hard to revolutionize the supply chain,&quot; she said. &quot;How are we going to get fresher, better-tasting, really ripe and ready-to-eat fruit to consumers who wouldn&#39;t necessarily have that?&quot;

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/wall-street-watching-as-tusimple-focuses-on-autonomous-truckings-holy-grail">Wall Street watching as TuSimple focuses on autonomous trucking&#39;s holy grail</a>

<a href="https://www.freightwaves.com/news/wall-street-watching-as-tusimple-focuses-on-autonomous-truckings-holy-grail">Plus scores SPAC deal as Wall Street sizes up TuSimple&#39;s prospects</a>

<a href="https://www.freightwaves.com/news/tusimple-plans-to-hire-400-with-proceeds-from-1-1b-public-offering">TuSimple plans to hire 400 with proceeds from $1.1B public offering</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

Commodities

Autonomous Produce: TuSimple Delivers Watermelons 42% Faster In Pilot Run

Kodiak Robotics is partnering with South Korean conglomerate SK Inc. to bring its Kodiak Driver autonomous trucking software to Asia, the first international move for the Mountain View, California-based startup.

With SK&#39;s help, Kodiak will sell its software in South Korea and China, where competitors TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) and Plus, backed by special purpose acquisition company (SPAC) Hennessy Capital V, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCIC#NASDAQ">HCIC</a>) have a head start and significant investment from Chinese investors.

<div class="wp-block-kadence-advancedbtn kt-btn-align-center kt-btn-tablet-align-inherit kt-btn-mobile-align-inherit kt-btns-wrap kt-btns_5dba68-f2">
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&quot;Our technology paired with SK&#39;s deep relationships with Asia&#39;s leading logistics and technology partners offers Kodiak a unique opportunity to expand our global footprint and commercialize the Kodiak Driver across the Asia-Pacific region,&quot; Don Burnette, Kodiak&#39;s co-founder and CEO, said in a press release.

&quot;SK has an impressive list of companies that enables and fast tracks our Asian expansion,&quot; Burnette said.

<h2 id="h-partnership-to-accelerate-commercialization">Partnership To Accelerate Commercialization</h2>

Kodiak declined to discuss whether SK is investing financially in the <a href="https://www.freightwaves.com/news/can-kodiak-robotics-compete-with-the-big-boys-of-autonomous-trucking">deeply experienced but relative latecomer</a> to autonomous trucking. SK operates in energy and chemicals, semiconductor and materials, logistics and services, and bio and pharmaceuticals among its 120 companies.

&quot;Our partnership with Kodiak will help accelerate the commercialization of self-driving trucks in Asia,&quot; said Jungho Shin, SK Inc. executive vice president. &quot;Kodiak&#39;s industry-leading technology and SK&#39;s unrivaled reach in Korea and across Asia make this a natural partnership.&quot;

SK will work with Kodiak to sell and distribute Kodiak&#39;s self-driving technology. In addition, the companies will work together to provide fleet management services for customers in Asia&#39;s $1.5 trillion freight market, beginning with China and Korea.

We look forward to working with Kodiak to make autonomous trucking a reality around the globe,&quot; Shin said.

SK&#39;s network of companies has deep roots in numerous industries critical to the future of logistics, from trucking telematics to shipping to semiconductors.&nbsp;

Kodiak will seek to use SK&#39;s products, components and technology for its autonomous system, including artificial intelligence microprocessors and advanced emergency braking systems.

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/can-kodiak-robotics-compete-with-the-big-boys-of-autonomous-trucking">Can Kodiak Robotics compete with the big boys of autonomous trucking?</a>

<a href="https://www.freightwaves.com/news/kodiak-robotics-hits-milestone-in-driverless-trucking">Kodiak Robotics hits milestone in driverless trucking</a>

<a href="https://www.freightwaves.com/news/kodiak-robotics-releases-safety-report-on-self-driving-technology">Kodiak Robotics releases safety report on self-driving technology</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

SK Partnership Brings Kodiak Robotics' Autonomous Technology To Asia

This week, we&#39;re looking at the meaning of electric trucks delivering groceries, autonomous trucks delivering watermelons and other &quot;firsts&quot; trying to make the case for advanced transportation technologies. And a sort of contrarian view on both.

<h2 id="h-proving-their-mettle">Proving Their Mettle</h2>

Individually, claims of being first don&#39;t always add up to being newsworthy. But taking a step back to consider the &quot;points on the board&quot; being scored by startup autonomous and electric truck companies may tell a different story.

<a href="https://www.freightwaves.com/news/autonomous-produce-tusimple-delivers-watermelons-42-faster-in-pilot-run">Consider watermelons.</a> A few weeks ago, TuSimple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) gobbled up 900 miles &mdash; most of the distance between Nogales, Arizona, and Oklahoma City using its Level 4 high autonomy software. Safety drivers were behind the wheel to make sure everything went OK. And it did. The summer fruit arrived safely at its destination and showed that produce could be a terrific use case for autonomous trucking.&nbsp;

Fresher fruit. Faster deliveries. And even though safety drivers need to sleep and follow hours-of-service guidelines, the autonomous trucks they monitor don&#39;t. Swap out the safety driver and you&#39;re back on the road.

<h4 id="h-the-silk-road">The Silk Road</h4>

Plus, the fifth and latest <a href="https://www.freightwaves.com/news/plus-scores-spac-deal-as-wall-street-sizes-up-tusimple-prospects">SPAC undertaking of Hennessy Capital,</a> completed a <a href="https://www.businesswire.com/news/home/20210526005583/en/Plus-Completes-4000-Mile-Journey-on-the-Silk-Road-as-Part-of-Validating-PlusDrive-System-for-Mass-Production">4,000-mile supervised autonomous drive </a>along China&#39;s Silk Road last month. Safety and performance validation testing was the point of the round trip between Suzhou, the silk capital of the world, and Dunhuang, a historical city on the ancient Silk Road at the edge of the Gobi Desert.&nbsp;&nbsp;

Plus has to be sure its Level 4 software can handle the rigors of extreme conditions like S-curve turns, undivided highways, a 6-mile-long tunnel, heavy rain, sandstorms and haze.&nbsp;

So far, PlusDrive has been tested in 29 of 34 provincial-level administrative units in China. The goal is to cover all 150,000 kilometers of China&#39;s national highways. Plus expects to begin factory installation of its software in First Auto Works (FAW) J7L3 trucks later this year.&nbsp;

Retrofits of the PlusDrive system are planned this year in the U.S. So far, Plus isn&#39;t saying who is buying here.

<h4 id="h-new-york-new-york">New York, New York</h4>

Though not a startup, Volvo Trucks North America claims a first in electric trucks &mdash; a commercial sale outside of climate-conscious California. The subsidiary of Sweden&#39;s Volvo AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVLY#OTC">VLVLY</a>) said Thursday that New York City-based Manhattan Beer Distributors ordered five Class 8 VNR Electric trucks.

The zero tailpipe emission, battery-electric trucks will be part of Manhattan&#39;s fleet of more than 400 trucks, including more than 150 Volvo VNR and VNL low-emission compressed natural gas (CNG) Class 8 trucks. Read more <a href="https://www.volvotrucks.us/news-and-stories/press-releases/2021/june/volvo-trucks-customer-manhattan-beer-distributors-orders-five-vnr-electric-models/">here.</a>

<h4 id="h-cold-delivery">Cold Delivery</h4>

Volvo also claims a first in refrigerated grocery delivery. Albertsons Cos. took delivery of two VNR Electric trucks as part of the Volvo LIGHTS, an acronym for Low Impact Green Heavy Transport Solutions.&nbsp;

Albertsons added electric-powered transport refrigeration units from Advanced Energy Machines to make the first commercial 100% zero-emission grocery delivery with a Class 8 truck in the U.S. For good measure, the May 28 delivery went to a LEED (Leadership in Energy and Environmental Design)-certified store. <a href="https://www.volvotrucks.us/news-and-stories/press-releases/2021/may/customer-albertsons-achieves-nation-s-first-commercial-zero-emission-refrigerated-grocery-delivery/">Read more.</a>

<h2 id="h-a-sort-of-contrarian-view">A &lsquo;Sort-Of&#39; Contrarian View</h2>

In an interview this week, newly named Daimler Trucks North America CEO John O&#39;Leary&nbsp;offered his take on when electric and autonomous trucks could be expected. DTNA is a leader in both. Its demonstration fleet of Class 8 and Class 6 trucks in Southern California is nearing 1 million real-world miles. And it has two partnerships in autonomous trucking, one internally with its majority stake in Torc Robotics and externally with Level 4 software maker Waymo Via.

Electric trucks, O&#39;Leary told me, are drawing more interest than expected when it partnered 2 1/2 years ago with NFI Industries and Penske Truck Leasing to conduct long-term evaluations on eCascadia and eM2 models. DTNA recently received an order for 50 eCascadias <a href="https://www.freightwaves.com/news/new-legend-energizes-local-lanes-ordering-50-freightliner-ecascadias">from Legend Transportation Inc.</a>

&quot;We&#39;re going to continue to push a lot of resources at it, but it certainly is not our be all and end all at this point,&quot; O&#39;Leary said.

On autonomous trucks, he is more skeptical, even as DTNA learns from having Torc&#39;s expertise in house.

&quot;It&#39;s not something that&#39;s going to happen today or tomorrow,&quot; O&#39;Leary told me. &quot;I do see some announcements from time to time about companies saying we&#39;re only a year or two away. I would say the science projects are a year or two away. But actual, in-use hard-core trucking with autonomous is still a ways off. I couldn&#39;t speculate when but certainly not in the next two to three years. That&#39;s for sure.&quot;

We might get a different answer from Navistar and TuSimple, which plan a Level 4-enabled Class 8 truck for production in 2024.

<h2 id="h-just-go-to-sleep">Just Go To Sleep</h2>

It can be difficult sometimes to differentiate products and features from truck manufacturers like Volvo and Mack or Peterbilt and Kenworth. That&#39;s not the case when it comes to sleeper cabs from PACCAR Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) U.S.-based brands.

Kenworth last month revealed a W990 version of its 52-inch flat-roof sleeper for Class 8 crane, pump, car hauler and other low-roof applications. The set forward front axle Kenworth W990 and T880S models have a 5-inch drop front axle option that lowers the front of the truck by 1.5 inches over the standard 3.5-inch drop. Read more<a href="https://www.kenworth.com/about-us/news/kenworth-adds-52-inch-flat-roof-sleeper-targeted-for-low-cab-height-applications/"> here.</a>

At the other end of the sleeper spectrum, Peterbilt is showing a Model 567 version of its UltraLoft integrated sleeper cab. By making the most of the available space, the UltraLoft includes 8 feet of headroom and 70 cubic feet of overall storage.&nbsp;

The UltraLoft also features large upper and lower bunk mattresses, more headroom in both bunks and space for a large microwave, and a 32-inch flat screen TV. <a href="https://www.peterbilt.com/about/news-events/news-releases/peterbilt-makes-ultraLoft-sleeper-available-on-model-567">More details.</a>

<h2 id="h-what-s-in-a-name">What&#39;s In&nbsp;A&nbsp;Name?</h2>

Autocar LLC, the 120-year-old maker of Class 8 severe-duty trucks, thinks its fourth-generation DC-64D dump truck is so BADASS that it trademarked the name. Autocar Truck President Eric Schwartz says the seamless body integration of the truck requires no significant structural modifications. The soundness contributes to a longer life span and lower total cost of ownership.&nbsp;

Or, as Schwartz says: &quot;This dump truck is truly BADASS.&quot; <a href="https://www.accesswire.com/649059/Autocar-Announces-the-Only-BADASS-Dump-Truck-in-North-America">Read more.</a>

That&#39;s it for this week. Thanks for reading. Got a subject that you think should be in Truck Talk? Email me at <a href="mailto:aadler@freightwaves.com">aadler@freightwaves.com</a>. Want Truck Talk delivered to your email every Friday? <a href="https://freightwaves.com/truck-talk">Subscribe here.</a>

Image Sourced from Pixabay

Truck Talk: Making The Case Edition

&nbsp;

<h3>Gainers</h3>

<ul>
	<li>Antelope Enterprise Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock increased by 38.2% to $3.98 during Tuesday&#39;s regular session. As of 12:30 EST, this security is trading at a volume of 14.4 million shares, making up 1817.03% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $17.5 million.</li>
	<li>Polar Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>) shares increased by 12.61% to $11.96. Trading volume for this security as of 12:30 EST is 638.7K, which is 155.59% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $152.9 million.</li>
	<li>EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) shares increased by 12.48% to $38.52. Trading volume for this security as of 12:30 EST is 4.5 million, which is 171.15% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $2.1 billion.</li>
	<li>Hyliion Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) stock increased by 11.51% to $13.21. The current volume of 6.4 million shares is 133.23% of Hyliion Holdings&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The company&#39;s market cap stands at $2.2 billion.</li>
	<li>TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) stock increased by 10.76% to $43.01. As of 12:30 EST, this security is trading at a volume of 994.1K shares, making up 55.52% of its average full-day volume over the last 100 days.</li>
	<li>SG Blocks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock increased by 8.63% to $4.04. Trading volume for SG Blocks&#39;s stock is 267.8K as of 12:30 EST. This is 48.37% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $35.6 million.</li>
</ul>

&nbsp;

&nbsp;

<h3>Losers</h3>

&nbsp;

<ul>
	<li>Global Internet of People (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDH#NASDAQ">SDH</a>) stock decreased by 10.06% to $2.84 during Tuesday&#39;s regular session. Trading volume for Global Internet of People&#39;s stock is 77.1K as of 12:30 EST. This is 51.54% of its average full-day volume over the last 100 days.</li>
	<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares declined by 9.73% to $30.78. Trading volume for Stem&#39;s stock is 2.1 million as of 12:30 EST. This is 91.49% of its average full-day volume over the last 100 days.</li>
	<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock fell 6.6% to $3.68. SOS&#39;s stock is trading at a volume of 12.1 million shares as of 12:30 EST. This is 27.45% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $660.5 million.</li>
	<li>Performant Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFMT#NASDAQ">PFMT</a>) shares decreased by 6.51% to $4.6. Trading volume for Performant Financial&#39;s stock is 473.2K as of 12:30 EST. This is 14.72% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $254.1 million.</li>
	<li>HyreCar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYRE#NASDAQ">HYRE</a>) stock decreased by 6.06% to $16.9. Trading volume for HyreCar&#39;s stock is 345.1K as of 12:30 EST. This is 35.58% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $344.3 million.</li>
	<li>Orbital Energy Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OEG#NASDAQ">OEG</a>) stock fell 5.83% to $4.84. Trading volume for this security as of 12:30 EST is 3.0 million, which is 47.93% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $252.7 million.</li>
</ul>

&nbsp;

&nbsp;

12 Industrials Stocks Moving In Tuesday's Intraday Session

Navistar International Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAV#NYSE">NAV</a>) reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings.

Navistar and TuSimple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) are working together to bring a Class 8 high-autonomy truck to market in 2024.&nbsp;

Adjusted net&nbsp;income was $72 million, or 72 cents per fully diluted share, nearly twice a consensus of analysts compiled by investor site Seeking Alpha. Navistar reported an adjusted net loss of $10 million, or negative 10 cents, in the February-April quarter a year ago. Revenues in the quarter were $2.2 billion, compared to $1.9 billion in the second quarter last year.

Second-quarter 2021 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $198 million, or 9.2% of revenue compared to year-ago EBITDA of $88 million or 4.6% of revenue.

&quot;We delivered strong operating results in our second quarter,&quot; Persio Lisboa, Navistar CEO, said in a <a href="https://prnmedia.prnewswire.com/news-releases/navistar-reports-second-quarter-2021-results-301307602.html">press release</a>. &quot;The strong trucking industry, fueled by robust economic growth, is supporting higher-order activity by our customers and our team is working hard to overcome the supply chain challenges to best support their transportation needs.&quot;

<h2 id="h-gains-and-charges">Gains And Charges</h2>

Navistar&#39;s truck segment reported a net profit of $189 million compared to a loss of $51 million in the year-ago quarter when the pandemic led to weeks of manufacturing shutdowns. Navistar&#39;s 10% investment in TuSimple resulted in a gain when the startup <a href="https://www.freightwaves.com/news/tusimple-raises-136b-in-ipo-sales-ahead-of-bell-ringing-public-debut">went public in April.&nbsp;</a>

The gains were partially offset by the $50 million settlement in a <a href="https://www.freightwaves.com/news/navistar-pays-50m-to-settle-military-vehicle-pricing-fraud-allegations">whistleblower case</a> involving falsified invoices to the U.S. Marines for truck suspension and components, and higher warranty costs that included a <a href="https://www.freightwaves.com/news/navistar-conducts-second-recall-and-expands-campaign-for-connector-rod-defect">second recall for connector rod defects</a> in Class 8 trucks recalled a year ago.

Truck and bus deliveries also grew with 13,900 trucks and buses sold in the quarter. Navistar added a second production shift at its plant in Escobedo, Mexico.

Parts sales grew 18% in the quarter to $135 million, up 31% year over year. Financial Services&#39; revenue fell to $50 million from $64 million, and profits of $15 million compared unfavorably to $24 million a year ago.&nbsp;

Navistar expects its $3.7 billion merger with Volkswagen AG&#39;s TRATON Group to close by midyear.

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/navistar-conducts-second-recall-and-expands-campaign-for-connector-rod-defect">Navistar conducts second recall and expands campaign for connector rod defect</a>

<a href="https://www.freightwaves.com/news/navistar-pays-50m-to-settle-military-vehicle-pricing-fraud-allegations">Navistar pays $50M to settle military vehicle pricing fraud allegations</a>

<a href="https://www.freightwaves.com/news/navistar-hit-by-cyberattack-but-minimizing-potential-impact">Navistar hit by cyberattack but &lsquo;minimizing potential impact&#39;</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

Navistar Posts Big Jump In Q2 Earnings With Help From TuSimple

<h3>Gainers</h3><ul>
	<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) shares surged 85.8% to close at $22.15 on Tuesday amid increased retail investor interest in the stock.</li>
	<li>NextDecade Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>) shares climbed 59.8% to settle at $5.56 after Evercore ISI upgraded the stock from In-Line to Outperform and raised its price target from $3 to $9.</li>
	<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gained 51.4% to close at $12.14.</li>
	<li>ContextLogic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) rose 49.9% to settle at $11.63 amid increased retail investor interest in the stock.</li>
	<li>Zhangmen Education Inc.&lt;/b&gt; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZME#NYSE">ZME</a>) shares jumped 47.7% to close at $16.99&nbsp;after pricing its IPO at $11.50/ADS.</li>
	<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares rose 38.5% to close at $3.99.</li>
	<li>InnSuites Hospitality Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHT#NYSE">IHT</a>) gained 35.7% to settle at $11.55.</li>
	<li>Cyclerion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) jumped 30.2% to settle at $4.10 following disclosures of a series of insider buying. CEO Peter Hecht, Terrance McGuire, a director of the board, and Slate Path Capital, all bought shares of the company.</li>
	<li>CarLotz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOTZ#NASDAQ">LOTZ</a>) gained 28.7% to close at $7.09.</li>
	<li>Eastman Kodak Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) rose 27.5% to close at $11.05.</li>
	<li>The Wendy&#39;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) surged 25.9% to settle at $28.87 amid increased retail investor interest in the stock.</li>
	<li>Orbsat Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSAT#NASDAQ">OSAT</a>) gained 25.6% to close at $5.50. Orbstat recently named Charles Fernandez as CEO, Chairman.</li>
	<li>LightPath Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPTH#NASDAQ">LPTH</a>) surged 21.9% to close at $3.23.</li>
	<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) gained 21.9% to settle at $8.35. Roth Capital and DA Davidson recently initiated coverage on iPower with a Buy rating.</li>
	<li>ZIVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIVO#NASDAQ">ZIVO</a>) surged 21.8% to close at $5.18.</li>
	<li>Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) gained 21.8% to settle at $3.41.</li>
	<li>Velodyne Lidar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLDR#NASDAQ">VLDR</a>) jumped 20.9% to settle at $12.25 after it was announced the company will join the Russell 2000.</li>
	<li>LifeMD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) gained 20.6% to close at $15.85.</li>
	<li>Canoo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) jumped 20.3% to close at $10.71.</li>
	<li>Ashford Hospitality Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHT#NYSE">AHT</a>) shares gained 20.1% to close at $6.27.</li>
	<li>GBS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBS#NASDAQ">GBS</a>) climbed 19.4% to close at $3.45.</li>
	<li>PDS Biotechnology Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDSB#NASDAQ">PDSB</a>) jumped 18.7% to settle at $11.16. PDS Biotechnology announced interim data from the Phase 2 trial led by the National Cancer Institute (NCI) evaluating PDS0101 (Versamune-HPV16) in combination with two investigational immune-modulating agents - bintrafusp alfa and NHS-IL12 for HPV16 positive cancers.</li>
	<li>Rodgers Silicon Valley Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVA#NASDAQ">RSVA</a>) gained 18.6% to settle at $18.90.</li>
	<li>Precipio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPO#NASDAQ">PRPO</a>) gained 18.5% to settle at $4.17 after the company highlighted the launch of its HemeScreen Anemia Panel.</li>
	<li>MoSys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOSY#NASDAQ">MOSY</a>) shares jumped 18.4% to close at $8.30. MoSys recentlu inked an agreement to sell 1.8 million shares $7.15 per share to raise $13 million in gross proceeds in an institutional offering.</li>
	<li>Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) surged 18.1% to settle at $111.82.</li>
	<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) jumped 18% to close at $40.41 amid renewed momentum after the stock surged last week following the successful completion of unmanned trial flights of the company&#39;s EHang 216 autonomous aerial vehicle.</li>
	<li>Waitr Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTRH#NASDAQ">WTRH</a>) surged 17.9% to settle at $2.37.</li>
	<li>Tuscan Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCB#NASDAQ">THCB</a>) shares rose 17.6% to close at $14.10. Tuscan Holdings filed revised preliminary proxy statement.</li>
	<li>Ontrak, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) shares jumped 17.1% to settle at $35.61. The stock has been seen as a high-short interest play by retail investors on social media forums.</li>
	<li>TuSimple Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) surged 17% to close at $45.44. Navistar International reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings.</li>
	<li>Agenus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) gained 16.6% to close at $4.99.</li>
	<li>The Duckhorn Portfolio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NYSE">NAPA</a>) shares rose 16.5% to close at $22.05 following strong quarterly results.</li>
	<li>Polar Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>) gained 16.2% to settle at $12.34 on above-average volume.</li>
	<li>Casper Sleep Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSPR#NYSE">CSPR</a>) surged 16.2% to close at $11.84.</li>
	<li>Carver Bancorp, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARV#NASDAQ">CARV</a>) gained 15.8% to close at $16.56 after jumping 22% on Monday.</li>
	<li>Cyren Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYRN#NASDAQ">CYRN</a>) climbed 15.6% to settle at $0.7862 after dropping over 4% on Monday. The company released Q1 results last month.</li>
	<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) gained 15.4% to close at $11.31.</li>
	<li>Arcimoto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>) climbed 14.9% to close at $15.28 after it was announced the company will be added to the Russell 2000 and Russell 3000 indexes.</li>
	<li>SmileDirectClub, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDC#NASDAQ">SDC</a>) rose 14.5% to settle at $9.55.</li>
	<li>Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) gained 14.1% to settle at $66.10 after the company reported better-than-expected Q3 results and issued strong sales guidance.</li>
	<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) gained 14% to close at $29.33 after the company reported Q1 results and announced a $150 million buyback plan.</li>
	<li>Safe-T Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFET#NASDAQ">SFET</a>) shares climbed 14% to close at $1.63 after gaining around 4% on Monday.</li>
	<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) jumped 11.8% to close at $15.58 amid continued interest in EV names from retail investors on Reddit.</li>
	<li>Vera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERA#NASDAQ">VERA</a>) climbed 11.3% to close at $14.97. Evercore ISI Group and Cowen &amp; Co. initiated coverage on Vera Therapeutics with an Outperform rating.</li>
	<li>XL Fleet Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XL#NYSE">XL</a>) rose 11% to close at $9.19.</li>
	<li>Lannett Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LCI#NYSE">LCI</a>) gained 10.1% to close at $5.33. Lannett recently said the U.S. Food and Drug Administration accepted the Abbreviated New Drug Application for Fluticasone Propionate and Salmeterol inhalation powder.</li>
	<li>Chico&#39;s FAS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHS#NYSE">CHS</a>) climbed 9.6% to close at $6.30 following strong Q1 results.</li>
	<li>Revlon, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REV#NYSE">REV</a>) rose 9.2% to close at $16.98.</li>
	<li>Bed Bath &amp; Beyond Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBBY#NASDAQ">BBBY</a>) gained 8.4% to settle at $36.83 amid increased retail investor interest in the stock.</li>
	<li>Aptinyx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTX#NASDAQ">APTX</a>) gained 7.5% to close at $2.88.</li>
	<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose 7.5% to settle at $50.73 after the company reported better-than-expected Q1 results.</li>
	<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 7.1% to close at $300.00 amid continued volatility and interest in the stock from retail investors.</li>
</ul>&nbsp; 
<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a><h3>Losers</h3><ul>
	<li>Opera Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>) shares tumbled 27.8% to settle at $9.00 on Tuesday. Opera, after the closing bell, said Ms. Xiaoling Qian has joined Opera&#39;s Board of Directors.</li>
	<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) shares fell 22.3% to close at $2.69.</li>
	<li>Ra Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMED#NYSE">RMED</a>) shares dipped 19.6% to close at $7.35 on Tuesday. Ra Medical Systems shares jumped 87% on Monday after retail traders pushed the stock higher.</li>
	<li>HOOKIPA Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOK#NASDAQ">HOOK</a>) shares fell 19.3% to settle at $10.70. HOOKIPA Pharma reported positive Phase 1 data from its ongoing Phase 1/2 study of HB-200 for the treatment of advanced human papillomavirus 16-positive cancers.</li>
	<li>Jiuzi Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) fell 17.2% to close at $12.58.</li>
	<li>Lordstown Motors Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) dropped 16.3% to settle at $11.22 after the company&#39;s amended annual filing mentioned going concerns that current cash levels are not enough to begin commercial production.</li>
	<li>Aclaris Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) dipped 16.2% to close at $18.76. Aclaris Therapeutics announced preliminary topline results from its Phase 2a trial evaluating ATI-1777 for moderate to severe atopic dermatitis (AD).</li>
	<li>AeroCentury Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACY#NYSE">ACY</a>) dropped 14.1% to settle at $11.18. The company last month reported Q1 results.</li>
	<li>Performant Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFMT#NASDAQ">PFMT</a>) shares declined 13.8% to close at $4.24. Performant Financial is set to join the Russell Microcap&reg; Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective June 28.</li>
	<li>Aesthetic Medical International Holdings Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIH#NASDAQ">AIH</a>) fell 13.8% to close at $7.75.</li>
	<li>Image Sensing Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISNS#NASDAQ">ISNS</a>) fell 12.7% to settle at $7.22.</li>
	<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) declined 12.6% to settle at $109.29. CureVac recently said its first-generation COVID-19 vaccine candidate had passed its first interim analysis, but it was not yet ready to share efficacy data.</li>
	<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) fell 11.6% to close at $72.45.</li>
	<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) shares fell 10.5% to close at $7.18. AC Immune gained around 28% on Monday following a report the FDA approved Biogen&#39;s Alzheimer&#39;s drug candidate. AC Immune is trialing an Alzheimer&#39;s vaccine.</li>
	<li>Summit Wireless Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) fell 10.2% to close at $4.50. Summit Wireless Technologies is set to join Russell Microcap Index.</li>
	<li>Histogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTO#NASDAQ">HSTO</a>) tumbled 9.1% to close at $0.9820 after the company reported a $6.5 million registered direct offering of 5.977 million shares priced at-the-market.</li>
	<li>Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) slipped 9% to close at $2.54.</li>
	<li>Coupa Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COUP#NASDAQ">COUP</a>) shares declined 8.2% to close at $217.40 after the company reported Q1 earnings results and issued guidance.</li>
	<li>Jamf Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAMF#NASDAQ">JAMF</a>) shares fell 6.2% to settle at $34.08 after the company announced the launch of a proposed follow-on offering of 8.5 million shares of common stock by selling shareholders.</li>
	<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) fell 5.7% to close at $32.17. DLocal recently raised around $92.6 million from the sale of 4.4 million shares in its IPO.</li>
	<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) slipped 4.3% to close at $35.25 after the company announced a secondary offering of 28 million shares of common stock on behalf of Mondelēz International.</li>
	<li>Leslie&#39;s Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) fell 4% to close at $30.02 after the company announced a secondary offering of 24.5 million shares.</li>
</ul>

Pre-Market Outlook

75 Biggest Movers From Yesterday

J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) will test high-autonomy software from Waymo Via on a leading customer route from Houston to Fort Worth, Texas, where robot truck evaluations are making up a greater portion of Lone Star State traffic.

Motorists near the trucks on Interstate 45 might notice an array of sensors, cameras, and spinning light-detecting radars affixed to the semi-tractors. Or they could be oblivious because both driver and passenger seats are occupied by humans &mdash; for now.

Waymo Via, the autonomous trucking descendant of the Google self-driving car program that has recorded 20 million miles of real-world driving in 10 states, has been working with Hunt on operational and market studies. They cover best practices for regular maintenance, future facility layouts and which lanes are best suited for autonomous driving technology.

Hunt was conspicuous by its absence from a group of fleets, including Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) and U.S. Xpress (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USX#NYSE">USX</a>), that invested in TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>), the first autonomous trucking software developer to go public in an initial public offering in April.

Waymo, which is working with market leader Daimler Trucks North America (DTNA) to develop a Class 8 Freightliner <a href="https://www.freightwaves.com/news/daimler-waymo-joining-forces-to-build-autonomous-freightliner-cascadia">Cascadia with its fifth-generation WaymoDriver</a> software, had not previously disclosed any fleet relationships.

<h2 id="h-bigger-in-texas">Bigger In Texas</h2>

&quot;This will be one of the first opportunities for J.B. Hunt to receive data and feedback on customer freight moved with a Class 8 tractor operating at this level of autonomy,&quot; Craig Harper, J.B. Hunt chief sustainability officer and executive vice president, said in a press release Thursday.

TuSimple, Aurora Innovation, Embark Trucks, Kodiak Robotics and now Waymo Via all use Texas as a middle-mile proving ground. Most autonomous truck testing occurs in Southwestern states because weather is more predictable with long highway stretches ideally suited to eventual driverless operations.

TuSimple has said it will test a &quot;driver out&quot; pilot in Arizona in the fourth quarter.

<h2 id="h-efficiency-and-safety">Efficiency And Safety</h2>

Currently, all of the autonomous software developers have safety drivers in the driver&#39;s seat ready to take over operation if needed. A software technician with a laptop computer monitors system performance from the passenger seat.

&quot;While we believe there will be a need for highly skilled, professional drivers for many years to come, it is important for J.B. Hunt as an industry leader to be involved early in the development of advanced autonomous technologies and driving systems to ensure that their implementation will improve efficiency while enhancing safety,&quot; Harper said.

Robot functions eventually will substitute for an unknown number of long-haul drivers, with an aging population worsening a shortage in a part of the profession that struggles to recruit and retain drivers.

&quot;Our teams share an innovative and safety-first mindset as well as a deep appreciation for the potential benefits of autonomous driving technology in trucking,&quot; said Charlie Jatt, Waymo head of trucking commercialization. &quot;It&#39;s companies and relationships like these that will make this technology a commercial reality in the coming years.&quot;

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/a-virtual-ride-along-in-waymo-vias-latest-class-8-autonomous-truck">A virtual ride-along in Waymo Via&#39;s latest Class 8 autonomous truck</a>

<a href="https://www.freightwaves.com/news/krafcik-steps-down-as-ceo-of-autonomous-driving-leader-waymo">Krafcik steps down as CEO of autonomous driving leader Waymo</a>

<a href="https://www.freightwaves.com/news/from-waymo-a-smattering-of-detail-about-its-autonomous-trucking-technology">From Waymo, a smattering of detail about its autonomous trucking technology</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

JB Hunt Will Test Waymo Via Autonomous Trucks In Texas

<h3>Gainers</h3>

<ul>
	<li>Enochian Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENOB#NASDAQ">ENOB</a>) shares jumped 127.2% to $10.02. The FDA has accepted Enochian BioSciences Inc&#39;s pre-IND (Investigational New Drug) request for a potential functional cure or treatment of HIV.</li>
	<li>RAPT Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) surged 99.8% to $37.10 as the company announced topline results from its Phase 1b trial of RPT193 as monotherapy for moderate-to-severe atopic dermatitis (AD).</li>
	<li>iTeos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITOS#NASDAQ">ITOS</a>) shares climbed 36.6% to $27.36. iTeos Therapeutics and GlaxoSmithKline plc have agreed to co-develop and co-commercialize EOS-448, an anti-TIGIT monoclonal antibody.</li>
	<li>MediaCo Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) rose 36% to $5.22. MediaCo, last week, named Rahsan-Rahsan Lindsay as Chief Executive Officer, effective July 1, 2021.</li>
	<li>Lixiang Education Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) jumped 29% to $10.65 after dropping around 17% on Friday.</li>
	<li>Novan, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVN#NASDAQ">NOVN</a>) gained 28.5% to $18.86.</li>
	<li>TuSimple Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) surged 28% to $63.81.</li>
	<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) jumped 23.5% to $19.14 after the company reported that ANAVEX 2-73 (blarcamesine) and ANAVEX3-71 (AF710B) are featured in a new peer-reviewed publication in the journal of Expert Opinion on Therapeutic Targets.</li>
	<li>Orphazyme A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORPH#NASDAQ">ORPH</a>) shares rose 21.4% to $11.33 in pre-market trading after dipping over 55% on Friday. On May 7, in the latest press statement put out by Orphazyme, it said its application for arimoclomol, which will be branded as MIPLYFFA for Niemann-Pick disease type C, is under priority review with the U.S. Food and Drug Administration &mdash; with the expected Prescription Drug User Fee Act action date of June 17.</li>
	<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) rose 20.1% to $10.47 amid strength in Bitcoin.</li>
	<li>Riot Blockchain, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) jumped 18.8% to $36.86 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) gained 17.9% to $58.25 mid continued volatility in the stock from retail investor interest.</li>
	<li>inTEST Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INTT#NYSE">INTT</a>) rose 17.8% to $17.23. inTest appointed ABB&rsquo;s Duncan Gilmour as its new CFO, Treasurer, and Secretary effective June 14, 2021.</li>
	<li>AXT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) gained 17.7% to $12.00.</li>
	<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) gained 17.3% to $31.14 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>Qudian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QD#NYSE">QD</a>) gained 17% to $2.4674.</li>
	<li>Cyclerion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) jumped 16.8% to $4.64.</li>
	<li>ContextLogic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) surged 16.5% to $11.65. ContextLogic reported a two-year partnership with leading ecommerce platform, PrestaShop.</li>
	<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) jumped 16.2% to $600.16 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>New York City REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYC#NYSE">NYC</a>) gained 15.8% to $13.90.</li>
	<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) gained 15.7% to $8.96 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) rose 15.4% to $37.34 amid interest on Reddit&rsquo;s r/WallStreetBets forum.</li>
	<li>Luokung Technology Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKCO#NASDAQ">LKCO</a>) rose 15% to $2.0350.</li>
	<li>Xenetic Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBIO#NASDAQ">XBIO</a>) rose 12.7% to $2.48. The company, last month, reported Q1 results.</li>
</ul>

 
<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>

<h3>Losers</h3>

<ul>
	<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 30.2% to $2.9401 after the company received a second Complete Response Letter from the FDA regarding its marketing application seeking approval for IV tramadol.</li>
	<li>Washington Prime Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPG#NYSE">WPG</a>) shares tumbled 27.1% to $3.53 after the company filed for Chapter 11 bankruptcy.</li>
	<li>Inhibikase Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKT#NASDAQ">IKT</a>) fell 21.7% to $4.6873. Inhibikase Therapeutics files for offering of up to 8 million shares of common stock.</li>
	<li>Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) fell 20.8% to $3.9582 after jumping over 56% on Friday.</li>
	<li>Recon Technology, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) dropped 19.1% to $5.05 after the company announced pricing of a $55 million registered direct offering.</li>
	<li>Lordstown Motors Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) fell 17.8% to $9.38. RF Lafferty downgraded Lordstown Motors from Hold to Sell.</li>
	<li>BioAtla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>) fell 17.8% to $40.87.</li>
	<li>Graybug Vision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAY#NASDAQ">GRAY</a>) dipped 15.8% to $4.94.</li>
	<li>Xinyuan Real Estate Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XIN#NYSE">XIN</a>) shares fell 14.9% to $3.08.</li>
	<li>Clearfield, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) dropped 14.4% to $35.80.</li>
	<li>UpHealth, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPH#NYSE">UPH</a>) fell 14.3% to $7.66.</li>
	<li>Fortress Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBIO#NASDAQ">FBIO</a>) dipped 12.8% to $3.91 after its subsidiary, Avenue Therapeutics, announced it received a Complete Response Letter from the FDA for IV tramadol.</li>
	<li>GTT Communications, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTT#NYSE">GTT</a>) fell 12% to $2.2350.</li>
	<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) dropped 9.9% to $5.83.</li>
</ul>

38 Stocks Moving In Monday's Mid-Day Session

&nbsp;

<h3>Gainers</h3>

<ul>
	<li>TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) stock rose 20.14% to $59.92 during Monday&#39;s regular session. The current volume of 2.6 million shares is 152.34% of TuSimple Hldgs&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST).</li>
	<li>Energy Focus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) shares increased by 14.14% to $5.89. As of 12:30 EST, Energy Focus&#39;s stock is trading at a volume of 6.1 million, which is 682.34% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $23.7 million.</li>
	<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares increased by 11.32% to $4.28. Trading volume for SOS&#39;s stock is 25.9 million as of 12:30 EST. This is 64.46% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $767.3 million.</li>
	<li>HyreCar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYRE#NASDAQ">HYRE</a>) shares moved upwards by 9.48% to $20.78. The current volume of 755.6K shares is 78.16% of HyreCar&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $423.3 million.</li>
</ul>

&nbsp;

&nbsp;

<h3>Losers</h3>

&nbsp;

<ul>
	<li>Tecnoglass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NASDAQ">TGLS</a>) shares declined by 9.87% to $20.47 during Monday&#39;s regular session. As of 12:30 EST, this security is trading at a volume of 557.0K shares, making up 110.37% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $975.9 million.</li>
	<li>FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares decreased by 7.24% to $9.81. Trading volume for FuelCell Energy&#39;s stock is 19.5 million as of 12:30 EST. This is 76.13% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.1 billion. As per the news, the Q2 earnings report came out 2 days ago.</li>
	<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares fell 6.64% to $9.99. The current volume of 75.8K shares is 24.28% of Agrify&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST).</li>
	<li>USA Truck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAK#NASDAQ">USAK</a>) shares fell 6.39% to $15.4. As of 12:30 EST, USA Truck&#39;s stock is trading at a volume of 81.8K, which is 49.26% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $136.7 million.</li>
	<li>Shyft Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) stock decreased by 6.08% to $38.6. The current volume of 84.6K shares is 36.36% of Shyft Group&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The company&#39;s market cap stands at $1.3 billion.</li>
	<li>Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) shares declined by 5.82% to $5.11. The current volume of 1.4 million shares is 116.86% of Diana Shipping&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $467.2 million.</li>
</ul>

&nbsp;

&nbsp;

10 Industrials Stocks Moving In Monday's Intraday Session

TuSimple Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>)&nbsp;shares were&nbsp;trading higher by 20.3% at $60 on above-average&nbsp;volume Monday afternoon.&nbsp;On Wednesday, June 16, at 12&nbsp;p.m. ET, TuSimple management will present in a fireside chat at&nbsp;<a href="https://ir.tusimple.com/events/event-details/bairds-autonomous-day">Baird&#39;s Autonomous Day</a>.

TuSimple Holdings is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services.

TuSimple Holdings has a 52-week high of $65.98 and a 52-week low of $32.13.

Long Ideas

What's Going On With TuSimple's Stock Today?

TuSimple Holdings shares are trading higher, possibly in anticipation of the company's fireside chat at Baird's Autonomous Day on Wednesday, June 16th

<h3>Gainers</h3>

<ul>
	<li>RAPT Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) shares jumped 115.5% to settle at $40.02 on Monday as the company announced topline results from its Phase 1b trial of RPT193 as monotherapy for moderate-to-severe atopic dermatitis (AD).</li>
	<li>Enochian Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENOB#NASDAQ">ENOB</a>) shares climbed 54% to close at $6.79 on Monday. The FDA has accepted Enochian BioSciences Inc&#39;s pre-IND (Investigational New Drug) request for a potential functional cure or treatment of HIV.</li>
	<li>Lixiang Education Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) gained 51.3% to close at $12.50 after dropping around 17% on Friday.</li>
	<li>MediaCo Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) gained 45.8% to close at $5.60. MediaCo, last week, named Rahsan-Rahsan Lindsay as Chief Executive Officer, effective July 1, 2021.</li>
	<li>iTeos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITOS#NASDAQ">ITOS</a>) shares gained 37.3% to close at $27.50. iTeos Therapeutics and GlaxoSmithKline plc have agreed to co-develop and co-commercialize EOS-448, an anti-TIGIT monoclonal antibody.</li>
	<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) climbed 35.4% to close at $20.99 after the company reported that ANAVEX 2-73 (blarcamesine) and ANAVEX3-71 (AF710B) are featured in a new peer-reviewed publication in the journal of Expert Opinion on Therapeutic Targets.</li>
	<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRBO#NASDAQ">NRBO</a>) gained 26.7% to close at $3.94.</li>
	<li>Luokung Technology Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKCO#NASDAQ">LKCO</a>) jumped 26.6% to close at $2.24.</li>
	<li>AXT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) climbed 20.6% to close at $12.30.</li>
	<li>Orphazyme A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORPH#NASDAQ">ORPH</a>) shares rose 19.1% to close at $11.11 after dipping over 55% on Friday. On May 7, in the latest press statement put out by Orphazyme, it said its application for arimoclomol, which will be branded as MIPLYFFA for Niemann-Pick disease type C, is under priority review with the U.S. Food and Drug Administration &mdash; with the expected Prescription Drug User Fee Act action date of June 17.</li>
	<li>TuSimple Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) jumped 19% to close at $59.36.</li>
	<li>Zedge, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#NYSE">ZDGE</a>) gained 18.7% to settle at $18.07.</li>
	<li>Novan, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVN#NASDAQ">NOVN</a>) rose 18.2% to close at $17.35. Novan gained over 62% on Friday after the company reported the B-SIMPLE4 pivotal Phase 3 trial of SB206 achieved statistical significance for the primary endpoint and no serious adverse events were reported.</li>
	<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) rose 18.1% to close at $10.3 amid strength in Bitcoin.</li>
	<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 17.9% to close at $28.05. Petco Earlier Announced it will present at Evercore ISI Consumer &amp; Retail Summit.</li>
	<li>ASLAN Pharmaceuticals Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLN#NASDAQ">ASLN</a>) rose 17.7% to close at $3.72.</li>
	<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) gained 16.4% to close at $8.22, possibly in anticipation of the Company&#39;s Wednesday earnings report.</li>
	<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) surged 15.9% to close at $598.49 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>Qudian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QD#NYSE">QD</a>) gained 15.6% to close at $2.44 ahead of quarterly earnings.</li>
	<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) rose 15.4% to close at $57.00 mid continued volatility in the stock from retail investor interest.</li>
	<li>Centessa Pharmaceuticals Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) gained 15.2% to close at $25.00.</li>
	<li>BIT Mining Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) rose 15% to close at $9.10.</li>
	<li>Wah Fu Education Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) gained 14.9% to settle at $8.55.</li>
	<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) jumped 14.9% to close at $8.89 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>inTEST Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INTT#NYSE">INTT</a>) rose 14.8% to settle at $16.80. inTest appointed ABB&rsquo;s Duncan Gilmour as its new CFO, Treasurer, and Secretary effective June 14, 2021.</li>
	<li>Torchlight Energy Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRCH#NASDAQ">TRCH</a>) gained 14.7% to settle at $3.58.</li>
	<li>Highway Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIHO#NASDAQ">HIHO</a>) gained 14.3% to close at $4.08.</li>
	<li>Riot Blockchain, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) jumped 14.1% to close at $35.40 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) gained 12.8% to close at $29.94 amid a weekend increase in the price of Bitcoin after Elon Musk suggested Tesla may begin accepting Bitcoin for payment again.</li>
	<li>ContextLogic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) surged 12.7% to close at $11.27. ContextLogic reported a two-year partnership with leading ecommerce platform, PrestaShop.</li>
	<li>New York City REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYC#NYSE">NYC</a>) gained 12.5% to close at $13.50.</li>
	<li>Xenetic Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBIO#NASDAQ">XBIO</a>) rose 11.4% to close at $2.45. The company, last month, reported Q1 results.</li>
	<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) rose 11.3% to close at $36.00 amid interest on Reddit&rsquo;s r/WallStreetBets forum.</li>
	<li>Cyclerion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) gained 8.1% to close at $4.29.</li>
	<li>Mmtec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) rose 8.1% to close at $1.87.</li>
</ul>

 
&nbsp;

<h3>Losers</h3>

<ul>
	<li>Washington Prime Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPG#NYSE">WPG</a>) shares fell 30.2% to close at $3.38 on Monday after the company filed for Chapter 11 bankruptcy.</li>
	<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) shares dipped 28.3% to close at $3.02 on Monday after the company received a second Complete Response Letter from the FDA regarding its marketing application seeking approval for IV tramadol.</li>
	<li>BioAtla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>) fell 19.8% to close at $39.92.</li>
	<li>Janux Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JANX#NASDAQ">JANX</a>) dipped 19.8% to close at $20.16. The company, last week, priced its IPO at $17per share.</li>
	<li>Recon Technology, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) dipped 19.7% to close at $5.01 after the company announced pricing of a $55 million registered direct offering.</li>
	<li>Inhibikase Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKT#NASDAQ">IKT</a>) fell 18.9% to settle at $4.86. Inhibikase Therapeutics files for offering of up to 8 million shares of common stock.</li>
	<li>Lordstown Motors Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) declined 18.8% to close at $9.26. RF Lafferty downgraded Lordstown Motors from Hold to Sell.</li>
	<li>Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) dropped 18.2% to close at $4.09 after jumping over 56% on Friday.</li>
	<li>Xinyuan Real Estate Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XIN#NYSE">XIN</a>) shares dipped 15.8% to close at $3.05.</li>
	<li>Fortress Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBIO#NASDAQ">FBIO</a>) dipped 15.1% to close at $3.81 after its subsidiary, Avenue Therapeutics, announced it received a Complete Response Letter from the FDA for IV tramadol.</li>
	<li>Graybug Vision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAY#NASDAQ">GRAY</a>) slipped 13.8% to settle at $5.06.</li>
	<li>Energy Focus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) fell 13.6% to close at $4.46. Energy Focus announced a $5 million registered direct offering priced-at-the-market.</li>
	<li>Moxian, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOXC#NASDAQ">MOXC</a>) declined 13.5% to close at $12.80.</li>
	<li>Quantum-Si incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>) fell 12.9% to settle at $8.49.</li>
	<li>Clearfield, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) dropped 12.8% to close at $36.50.</li>
	<li>Tecnoglass Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NASDAQ">TGLS</a>) fell 12.6% to settle at $19.86.</li>
	<li>Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) tumbled 12.5% to close at $15.25. Terns Pharmaceuticals reported top-line results from the Phase 2a LIFT trial of TERN-101, a liver-distributed farnesoid X receptor (FXR) agonist for the treatment of patients with non-alcoholic steatohepatitis (NASH).</li>
	<li>GTT Communications, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTT#NYSE">GTT</a>) fell 12.2% to close at $2.23.</li>
	<li>Longboard Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) dropped 11.8% to close at $8.56.</li>
	<li>UpHealth, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPH#NYSE">UPH</a>) fell 10.9% to settle at $7.97.</li>
	<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) fell 10.5% to close at $5.79.</li>
	<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) dropped 9.6% to close at $37.13.</li>
	<li>R. R. Donnelley &amp; Sons Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRD#NYSE">RRD</a>) fell 9.5% to close at $6.39.</li>
	<li>PLBY Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) fell 9.3% to settle at $39.32. The stock gained last week amid a Reddit-driven surge and fell later in the week after the company announced a common stock offering.</li>
	<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) dipped 8.5% to close at $6.47.</li>
</ul>

60 Biggest Movers From Yesterday

&nbsp;

<h3>Gainers</h3>

<ul>
	<li>Pangaea Logistics Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANL#NASDAQ">PANL</a>) stock moved upwards by 8.25% to $4.72 during Tuesday&#39;s regular session. As of 12:30 EST, Pangaea Logistics Solns&#39;s stock is trading at a volume of 1.0 million, which is 203.93% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $215.3 million.</li>
	<li>Mayville Engineering (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEC#NYSE">MEC</a>) shares rose 7.35% to $20.07. As of 12:30 EST, Mayville Engineering&#39;s stock is trading at a volume of 103.9K, which is 238.22% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $409.1 million.</li>
	<li>Titan Machinery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) shares moved upwards by 7.18% to $32.45. As of 12:30 EST, Titan Machinery&#39;s stock is trading at a volume of 764.4K, which is 342.47% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $730.9 million.</li>
	<li>Herc Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) stock rose 4.99% to $112.55. Trading volume for this security as of 12:30 EST is 232.4K, which is 90.96% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.3 billion.</li>
	<li>Quest Resource Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRHC#NASDAQ">QRHC</a>) shares rose 3.64% to $6.54. The current volume of 140.2K shares is 111.07% of Quest Resource Holding&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $122.4 million.</li>
</ul>

&nbsp;

&nbsp;

<h3>Losers</h3>

&nbsp;

<ul>
	<li>ReneSola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) shares declined by 10.33% to $8.46 during Tuesday&#39;s regular session. The current volume of 2.6 million shares is 109.56% of ReneSola&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $590.4 million.</li>
	<li>Highway Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIHO#NASDAQ">HIHO</a>) shares decreased by 9.07% to $3.71. Highway Holdings&#39;s stock is trading at a volume of 55.3K shares as of 12:30 EST. This is 159.51% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $14.7 million.</li>
	<li>Akerna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KERN#NASDAQ">KERN</a>) stock decreased by 8.75% to $4.38. As of 12:30 EST, Akerna&#39;s stock is trading at a volume of 506.0K, which is 38.8% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $110.4 million.</li>
	<li>Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) shares declined by 8.29% to $15.79. As of 12:30 EST, Nikola&#39;s stock is trading at a volume of 7.9 million, which is 55.76% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $6.2 billion.</li>
	<li>Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) shares decreased by 8.27% to $2.33. Fuel Tech&#39;s stock is trading at a volume of 794.1K shares as of 12:30 EST. This is 51.53% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $70.5 million.</li>
	<li>TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) shares decreased by 8.04% to $54.59. Trading volume for this security as of 12:30 EST is 1.2 million, which is 69.07% of its average full-day volume over the last 100 days.</li>
</ul>

&nbsp;

&nbsp;

11 Industrials Stocks Moving In Tuesday's Intraday Session

Autonomous trucking software leader TuSimple is running six months ahead of schedule in building out the first phase of its autonomous freight network, and should reach Charlotte, North Carolina, and Orlando, Florida, by the end of the year.

TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) on Wednesday opened a new facility in Fort Worth, Texas, that extends its reach with supervised autonomous trucks and reduces the time it will take to complete the first part of a three-phase nationwide autonomous freight network by 2024.&nbsp;

&quot;With each new expansion, we&#39;re able to offer the advantages of our autonomous driving technology to new customers, while increasing value to existing customers,&quot; Jim Mullen, TuSimple chief administrative officer, said in a press release. &quot;As we rapidly expand, one of our biggest challenges has been keeping up with customer demand.&quot;

<h2 id="h-template-for-future-expansion">Template For Future Expansion</h2>

The new purpose-built terminal in the <a href="https://www.alliancetexasmiz.com/">AllianceTexas Mobility Innovation Zone</a> will create 50 jobs for safety drivers, maintenance technicians and operations personnel. The terminal is the template for future TuSimple terminals.

&quot;This moves us into Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina, North Carolina, Arkansas and Tennessee in the next six months,&quot; Lee White, TuSimple vice president of strategy, told FreightWaves.

The terminal also will allow TuSimple to operate in the Texas Triangle, which includes Dallas, Houston, San Antonio and Austin. TuSimple has mapped 3,000 miles of Texas highways to match the needs of shippers and carriers, White said.

TuSimple currently hauls 100 loads a week between Phoenix, Tucson, El Paso, Dallas, Austin, San Antonio and Houston.&nbsp;

Competitors Aurora Innovation, Waymo Via, Embark Trucks and Kodiak Robotics, which was first to begin autonomous runs in Texas, are all testing their software in the Lone Star State, where weather challenges are few and long stretches of road are plentiful.&nbsp;&nbsp;&nbsp;

<h2 id="h-robot-trucks-rising">Robot Trucks Rising</h2>

TuSimple recently completed 900 miles of monitored autonomous driving on a trip <a href="https://www.freightwaves.com/news/autonomous-produce-tusimple-delivers-watermelons-42-faster-in-pilot-run">carrying watermelons </a>from Nogales, Arizona, to Oklahoma City. Human drivers started and finished the journey, and safety drivers monitored the high-autonomy Level 4 software the rest of the time.

Because robot trucks are not required to follow hours-of-service regulations, the trip took about 10 hours less than it would have with strictly human drivers.

TuSimple&#39;s Texas expansion comes as the logistics industry experiences a growing driver shortage due in part to trucks idled during the pandemic and the loss of 600,000 drivers flagged by the federal <a href="https://clearinghouse.fmcsa.dot.gov/">Drug &amp; Alcohol Clearinghouse.</a>

Truck-related crashes declined 2% last year, according to the National Highway Traffic Safety Administration, but the number of fatalities had risen for several years before that.

TuSimple has partnerships with several major carriers that serve on an executive advisory board. The carriers are also investors, along with Navistar International Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAV#NYSE">NAV</a>), which is partnering with TuSimple to bring a driverless truck to market in 2024. TuSimple will conduct a &quot;driver out&quot; pilot in Arizona in the fourth quarter.

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/autonomous-produce-tusimple-delivers-watermelons-42-faster-in-pilot-run">Autonomous produce: TuSimple delivers watermelons 42% faster in pilot run</a>

<a href="https://www.freightwaves.com/news/wall-street-watching-as-tusimple-focuses-on-autonomous-truckings-holy-grail">Wall Street watching as TuSimple focuses on autonomous trucking&#39;s holy grail</a>

<a href="https://www.freightwaves.com/news/tusimple-plans-to-hire-400-with-proceeds-from-1-1b-public-offering">TuSimple plans to hire 400 with proceeds from $1.1B public offering</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image Sourced from Pixabay

TuSimple: Autonomous Freight Network 6 Months Ahead Of Schedule

&nbsp;

<h3>Gainers</h3>

<ul>
	<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) stock rose 12.95% to $4.62 during Wednesday&#39;s regular session. The current volume of 6.7 million shares is 3746.52% of Gaucho Group Holdings&#39;s average full-day volume over the last 100 days (last updated at 12:31 EST). The company&#39;s market cap stands at $35.0 million.</li>
	<li>Maxar Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAXR#NYSE">MAXR</a>) shares increased by 12.15% to $40.34. As of 12:31 EST, this security is trading at a volume of 2.3 million shares, making up 152.99% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $2.8 billion.</li>
	<li>Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) stock moved upwards by 11.78% to $48.26. The current volume of 9.5 million shares is 159.0% of Sunrun&#39;s average full-day volume over the last 100 days (last updated at 12:31 EST). The market value of their outstanding shares is at $9.8 billion.</li>
	<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVI#NASDAQ">AUVI</a>) shares moved upwards by 10.85% to $10.01. Trading volume for Applied UV&#39;s stock is 12.2 million as of 12:31 EST. This is 2401.55% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $94.1 million.</li>
	<li>Aenza SAA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AENZ#NYSE">AENZ</a>) shares increased by 9.67% to $1.7. Trading volume for Aenza SAA&#39;s stock is 746.9K as of 12:31 EST. This is 261.43% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $296.4 million.</li>
	<li>Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) shares increased by 9.49% to $1.27. Trading volume for Seanergy Maritime Hldgs&#39;s stock is 13.8 million as of 12:31 EST. This is 166.35% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $198.4 million.</li>
</ul>

&nbsp;

&nbsp;

<h3>Losers</h3>

&nbsp;

<ul>
	<li>TuSimple Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) shares decreased by 7.82% to $51.19 during Wednesday&#39;s regular session. Trading volume for this security as of 12:31 EST is 518.3K, which is 29.04% of its average full-day volume over the last 100 days.</li>
	<li>Broadwind (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWEN#NASDAQ">BWEN</a>) shares fell 7.39% to $4.64. Broadwind&#39;s stock is trading at a volume of 190.8K shares as of 12:31 EST. This is 35.76% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $88.2 million.</li>
	<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares declined by 7.04% to $3.7. As of 12:31 EST, SOS&#39;s stock is trading at a volume of 8.3 million, which is 21.38% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $664.1 million.</li>
</ul>

&nbsp;

&nbsp;

9 Industrials Stocks Moving In Wednesday's Intraday Session

Self-driving ride-hailing and autonomous trucking software startup Waymo raised $2.5 billion of new funding from original investors and newcomer Tiger Global.

The subsidiary of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has grown from the original Google self-driving car program to include autonomous ride-hailing in the Phoenix area and autonomous software development for commercial trucks including Daimler Trucks and United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>).

Waymo Via, the autonomous trucking software unit, is adapting fifth-generation WaymoDriver software to the Class 8 Freightliner Cascadia. Daimler also is working with its Torc Robotics subsidiary to develop autonomous trucks and testing in the American Southwest.

J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) will soon begin testing Waymo Via software on <a href="https://www.freightwaves.com/news/jb-hunt-will-test-waymo-via-autonomous-trucks-in-texas">customer freight routes from Houston to Fort Worth</a>, Texas, and back.

In addition to Daimler and UPS, Waymo has an exclusive technology partnership with Stellantis, formerly Fiat Chrysler Automobiles, that includes developing light commercial vehicles for goods movement. Waymo also is the exclusive fully autonomous partner of Volvo Car Group.

<h2 id="h-rising-operating-expenses">Rising Operating Expenses</h2>

The latest round of funding adds to $2.25 billion raised in 2020 from Alphabet, Andreessen Horowitz, AutoNation, the Canada Pension Plan Investment Board, Fidelity Management &amp; Research Co., Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, T. Rowe Price Associates Inc., Temasek, and newcomer Tiger Global.&nbsp;

Autonomous ride-hailing startup Cruise Automotive, a General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) subsidiary, said Tuesday it had secured a $5 billion line of credit to cover the cost of purchasing its Origin automotive shuttles that will be built at a GM plant in Detroit.

&quot;Both of those are companies that are getting ready to launch or expand their commercial services, which means they are going to have to buy a whole bunch of vehicles,&quot; said Sam Abuesamid, principal analyst at Guidehouse Insights. &quot;Now they&#39;ve got a whole bunch of new expenses. They are moving from R&amp;D expenses to operational expenses.&quot;

<h2 id="h-ipo-on-the-horizon">IPO On The Horizon?</h2>

The new money presumably keeps Waymo from seeking to go public in the near term, either through an initial public offering as rival TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) did in April or seeking the backing of a special purpose acquisition company (SPAC) to go public morre quickly.

<blockquote class="wp-block-quote is-style-large">
&quot;IPOs are inevitable. It&#39;s really a matter of when rather than if.&quot;
Sam Abuelsamid, principal analyst, Guidehouse Insights</blockquote>

&quot;We may well see Waymo IPO in the next 12 to 18 months,&quot; Abuelsamid told FreightWaves. The investors don&#39;t want to sit on a privately held company indefinitely. Eventually they are going to want to cash out and get a return on their investment. IPOs are inevitable. It&#39;s really a matter of when rather than if.&quot;

<h2 id="h-survival-of-the-richest">Survival Of The Richest</h2>

Autonomous trucking software developer Plus agreed to a definitive merger with Hennessy Capital, a serial creator of shell companies that target private companies, often pre-revenue startups, for mergers.&nbsp;

Startups Embark Trucks and Locomation, which operates two-truck autonomous platoons, reportedly are in discussions with SPACs, according to The Information.

&quot;How can smaller tech firms compete?&quot; asked Michael Ramsey, Gartner Inc. automotive and smart mobility analyst. &quot;They will have to have a pure supplier model, offloading the big capital expenses onto fleet operators or manufacturers.&nbsp;

&quot;That sounds great in theory, but in practice it will be hard for them to commercialize if they are relying on a bunch of different partners to perfect a safety-critical application,&quot; Ramsey told FreightWaves. &quot;I think these big investments will likely put pressure on the &lsquo;everybody else&#39; in autonomy.&quot;

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/jb-hunt-will-test-waymo-via-autonomous-trucks-in-texas">J.B. Hunt will test Waymo Via automated trucks in Texas</a>

<a href="https://www.freightwaves.com/news/krafcik-steps-down-as-ceo-of-autonomous-driving-leader-waymo">Krafcik steps down as CEO of autonomous driving leader Waymo</a>

<a href="https://www.freightwaves.com/news/a-virtual-ride-along-in-waymo-vias-latest-class-8-autonomous-truck">A virtual ride-along in Waymo Via&#39;s latest Class 8 autonomous truck</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image by <a href="https://pixabay.com/users/real-napster-323187/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=393492">Benjamin Wiens</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=393492">Pixabay</a>

Waymo Hauls In $2.5B From Current Investors For Autonomous Expansion

United Kingdom-based electric vehicle maker Arrival SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVL#NASDAQ">ARVL</a>) on Wednesday reiterated plans to have 31 microfactories by the end of 2024 and may add more if the demand is high.

What Happened: The low CapEx, rapidly scalable electric vehicle startup is deploying four microfactories to roll out electric buses, vans, trucks and cars. The company has two microfactories in South Carolina, one of which is in Rock Hill and scheduled to start bus production later this year. The other two factories are planned in the U.K. and are scheduled to go on production next year.&nbsp;

&ldquo;We have got about 70% of equipment for the Rock Hill microfactory where we intend to start production of the bus and we will spend the rest of the year installing the equipment. The plant is moving along well,&rdquo; Arrival Automotive North America CEO Mike Ableson told investors at the Deutsche Bank&rsquo;s Global Auto Industry Conference held virtually.

Traditional automakers usually deploy large CapEx and have huge factories that are used to build a large scale of vehicles. Arrival is however attempting to disrupt the industry with its microfactory strategy that includes building small units that can be easily controlled.

&ldquo;Based on all our discussions with bus and van customers, we believe the limit to our revenue is based on how quickly we are able to put these microfactories in place,&rdquo; Arrival founder and CEO,&nbsp; Denis Sverdlov said.&nbsp;

&ldquo;Every place that we set up a microfactory, we are confident there is demand for at least 10,000 units just naturally. We may build more factories if the demand is high.&rdquo;

Sverdlov said Arrival is aiming at a $45-$50M capital investment per factory and each microfactory can achieve an annual gross margin of $100 million per year, assuming either 10,000 vans or 1,000 buses are manufactured and sold per year.

See Also: <a href="https://www.benzinga.com/news/21/06/21600089/why-arrival-stock-jumped-10-today?utm_campaign=nb" style="color:#1155cc; text-decoration:none" target="_blank">Why Arrival Stock Jumped 10% Today</a>

Why It Matters: The commercial electric vehicle category is currently underserved and players such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Arrival and TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) are betting on the space.&nbsp;

Arrival believes the commercial vehicle segment will quickly adopt the electric vehicle shift worldwide, helped by local, state, and national government policies that either encourage electric vehicle usage via subsidies or enact usage taxes on fleet operators who continue to operate fossil fuel vehicles.&nbsp;

Arrival has a purchase agreement for 10,000 electric vans, with an option to buy 10,000 more, with package delivery giant United Parcel Service Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>).

Price Action: Arrival shares closed X% lower at $Y on Thursday.

Read Next:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/21/06/21581910/is-arrival-becoming-a-short-squeeze-target-wallstreetbets-post-sends-shares-soaring">Is Arrival Becoming A Short Squeeze Target? WallStreetBets Post Sends Shares Soaring</a>

Click&nbsp;<a href="https://www.benzinga.com/electric-vehicles" rel="noopener noreferrer" target="_blank">here&nbsp;</a>to check out Benzinga&#39;s EV Hub for the latest electric vehicles news

Photo: Courtesy of Arrival

Retail Sales

Arrival Says Limit To Revenue Based On How Quickly It Can Put Microfactories In Place

Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is purchasing 1,000 trucks with high-autonomy software from startup Plus in a deal giving the e-commerce giant a 20% stake in the company.

Hennessy Capital Investment Corp. V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCIC#NASDAQ">HCIC</a>), the special purpose acquisition company (SPAC)<a href="https://www.freightwaves.com/news/plus-scores-spac-deal-as-wall-street-sizes-up-tusimple-prospects"> sponsoring Plus for public trading</a>, disclosed Amazon Logistics as the purchaser in a <a href="https://www.sec.gov/Archives/edgar/data/1829455/000121390021033147/ea142995-8k_hennessycapital5.htm">Securities and Exchange Commission 8-K filing </a>on Monday.

The deal was described in the Plus investor deck but did not name the customer. FreightWaves reported in the <a href="https://www.freightwaves.com/news/truck-talk-electrical-storm-edition">Truck Talk newslette</a>r May 21 that Amazon was the likely customer based on a similar arrangement it struck recently with Clean Energy Fuels to purchase renewable natural gas.&nbsp;

<h2 id="h-warrant-issued-saturday">Warrant Issued Saturday</h2>

On Saturday, HCIC issued a warrant to Amazon to purchase up to 420,702,410 Series C-1 preferred shares of Plus, representing approximately 20% of the fully diluted ownership, according to the SEC filing. The preferred shares would convert to common shares when the business combination between Plus and Hennessy concludes.

The Amazon stake in Plus is significant because much of the investment in Plus to date has come from Chinese investors.&nbsp;

Rival TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>), which went public via a traditional initial public offering in April, unwound some Chinese ownership to satisfy the Committee on Foreign Investment in the United States (CIFUS), which reviews the national security implications of foreign investments in U.S. companies or operations.

<h2 id="h-now-it-can-be-told">Now It Can Be Told</h2>

Amazon evaluated multiple autonomous driving software developers in 2019 and chose Plus as its provider of autonomy-enabled trucks. A master purchase agreement (MPA) signed Jan. 27 this year promised that Plus would provide at least some of 1,000 PlusDrive units between February of this year and 2023.

According to the investor deck, the MPA includes a term sheet requiring Amazon to purchase 10,000 PlusDrive units for the 20% warrant to take effect. Amazon has eight years to exercise the warrant, according to the SEC filing.&nbsp;

Amazon recently <a href="https://www.freightwaves.com/news/is-amazon-getting-into-the-renewable-natural-gas-business">agreed to purchase renewable natural gas</a> (RNG) from Clean Energy Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>). As part of the deal, it got a warrant to purchase up to 19.99% of Clean Energy shares.

<h2 id="h-related-articles">Related articles:</h2>

<a href="https://www.freightwaves.com/news/plus-scores-spac-deal-as-wall-street-sizes-up-tusimple-prospects">Plus scores SPAC deal as Wall Streets sizes up TuSimple prospects</a>

<a href="https://www.freightwaves.com/news/plus-will-automate-cummins-westport-natural-gas-engine">Plus will automate Cummins Westport natural gas engine</a>

<a href="https://www.freightwaves.com/news/plus-money-autonomous-technology-startup-adds-220m-to-recent-capital-raise">Plus money: Autonomous technology startup adds $220M to recent capital raise&nbsp;</a>

<a href="https://www.freightwaves.com/news/author/alanadler">Click for more FreightWaves articles by Alan Adler.</a>

Image by <a href="https://pixabay.com/users/tama66-1032521/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2920533">Peter H</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2920533">Pixabay</a>

Amazon Paying $150M For 20% Stake In Plus And Buying 1,000 Trucks

<ul>
	<li>The self-driving truck startup, Embark Trucks Inc, is planning to go public via the special-purpose acquisition company (<a class="editor-rtfLink" href="https://www.benzinga.com/topic/spacs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SPAC</a>) route by merging with&nbsp;Northern Genesis Acquisition Corp II&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGAB#NYSE">NGAB</a>) in a deal valued at $5.2 billion, the&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/self-driving-truck-startup-embark-to-go-public-in-5-2-billion-spac-deal-11624442400?mod=tech_lead_pos6" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Wall Street Journal reported</a>.</li>
	<li>Embark is estimated to generate around $615 million in cash proceeds from the money held by the SPAC and private investment in public equity (PIPE). The PIPE investors include Knight-Swift and existing investors Sequoia Capital and Tiger Global Management.</li>
	<li>Embark joined PlusAI Corp and&nbsp;TuSimple Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>), which have strong China ties. However, Embark&#39;s focus was on the U.S.&nbsp;</li>
	<li>Former Transportation Secretary Elaine Chao is joining Embark&#39;s board.</li>
	<li>Founded in 2016, the U.S. self-driving truck software firm aims to partner with shippers to reduce carrier costs and make roads safer.</li>
	<li>The company has partnerships with multiple transportation companies and brands, including beer seller&nbsp;Anheuser-Busch InBev SA/NV&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), technology firm&nbsp;HP Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), and truckload carrier&nbsp;Knight-Swift Transportation Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>).</li>
	<li>Embark presently has a small developmental fleet running some routes out of Southern California. It aims to commercialize its technology fully and to license it so that carriers can operate a large number of their trucks using Embark&#39;s software without any human drivers.</li>
	<li>The Embark deal follows&nbsp;Amazon.com Inc&#39;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/21/06/21651738/amazon-paying-150m-for-20-stake-in-plus-and-buying-1-000-trucks" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">plans to buy a minimum</a>&nbsp;of 1,000 self-driving trucks from Plus and the option to acquire up to a 20% stake in the company. Plus&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/05/21036051/plus-scores-spac-deal-as-wall-street-sizes-up-tusimple-prospects" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">recently announced</a>&nbsp;a separate SPAC-merger deal worth $3.3 billion.</li>
	<li>Shares of some companies tied to self-driving or electric transportation that went public through SPACs have struggled in recent months due to rising costs or technological setbacks. Some SPACs faced flak for their risky, overvalued transactions at investors&#39; expense.</li>
	<li>Price Action:&nbsp;NGAB shares are up 1.21% at $10 on the last check Wednesday.</li>
</ul>

Autonomous Truck Company Embark Eyes $5.2B SPAC Merger To Go Public: WSJ

Another company seeking to disrupt the $700-billion trucking freight market is going public, with autonomous vehicle company Embark Trucks announcing a SPAC deal Wednesday morning.

The SPAC Deal: Embark Trucks is <a href="https://www.sec.gov/Archives/edgar/data/0001827980/000121390021033661/ea143105ex99-1_northern2.htm">going public via a SPAC deal </a>with Northern Genesis Acquisition Corp II (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGAB#NYSE">NGAB</a>) that values&nbsp;the company at a pro forma enterprise value of $4.55 billion.

A fully funded PIPE includes investments from Sequoia Capital, Canada Pension Plan and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>).

Elaine Chao, former secretary of transportation and secretary of labor, is joining Embark&#39;s board.&nbsp;

Current public NGAB shareholders <a href="https://www.sec.gov/Archives/edgar/data/0001827980/000121390021033661/ea143105ex99-3_northern2.htm">will own </a>8% of the company after the merger.

About Embark: Focused exclusively on the U.S. trucking market, Embark is America&rsquo;s longest running self-driving truck program, according to the company.

The company said it has a leading safety track record, with over 1 million miles driven without a Department of Transportation reportable offense, which it said is better than self-driving competitors.

Embark was the first company to have a self driving truck drive coast-to-coast.

The company partners with carriers that pay for software from Embark. The company&rsquo;s Guardian is a cloud-based dispatch and monitoring solution.

Embark&#39;s partners include Anheuser-Busch Inbev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), HP Inc, Bison Transport and Werner Enterprises Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>).

Related Link: <a href="https://www.benzinga.com/news/small-cap/21/01/19151689/exclusive-lion-electric-ceo-on-amazon-partnership-spac-merger-biden-administration">Exclusive: Lion Electric CEO On Amazon Partnership, SPAC Merger, Biden Administration</a>

Embark&#39;s Growth Projections: Embark will utilize a software-as-a-service model, with trucks set to hit the road in 2024. The company&rsquo;s U.S.-centered business model and SaaS model differentiate it from TuSimple Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>) which is 70% U.S. and operates a fleet model.

Hennessy Capital Investment Corp V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCIC#NASDAQ">HCIC</a>) <a href="https://www.benzinga.com/m-a/21/05/21032888/autonomous-trucking-company-plus-announces-spac-deal-what-investors-should-know">merging partner</a> Plus&nbsp;has a retrofit model and is 15% U.S.

Self-driving trucks are expected to help with a large national driver shortage and improve costs for carriers. Embark has a 10% increased efficiency per mile driven, according to its presentation.

Embark&#39;s Financials: Embark is forecasting revenue of $867 million in fiscal 2024 and $2.77 billion in fiscal 2025.

The company&rsquo;s two phase model will see it begin with trucks in the Sunbelt region in 2024 and then push to the rest of the lower 48 states in 2026.

The company plans on charging 44 cents per mile and&nbsp;collecting a gross profit of 26 cents per mile from partners, good for a gross margin of 69%.

NGAB Price Action: NGAB shares were up 0.76% at $9.96 at last check Wednesday.&nbsp;

Q2 2021		Est.		Actual		Surprise
EPS		(EXPECTED)2021-08-03
REV		(EXPECTED)2021-08-03

Q1 2021		Est.		Actual		Surprise
EPS				-6.430
REV				944.000K

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