Latest news for HDFC Bank (NYSE:HDB) Stock

HDFC Bank Ltd is an Indian bank. It operates in the following segments; Treasury, Retail banking, Wholesale banking, and Other banking business. The maximum revenue for the company is generated from its Retail banking segment which serves retail customers through its branch network and other channels. This segment raises customer deposits and provides loans and other services to customers using different product groups. Its other operations include providing wholesale banking services to corporates, government entities, and other enterprises, generating income from its treasury operations, and performing para banking activities such as offering credit cards, debit cards, etc. Geographically, the company generates a majority of its revenue from its operations in India.

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HDFC Bank shares tumble sharply amid concerns over flat deposit growth, potential loan portfolio sale, and regulatory scrutiny.

What&#39;s Going On With HDFC Bank Shares Today?

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Shares of NIO Inc. (NYSE:NIO) fell sharply during Friday&#39;s session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family 

Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday.

Bitfarms, TeraWulf And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

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Shares of banking companies are trading lower amid overall market weakness on US economic concerns.

JP Morgan analyst Saurabh Kumar downgrades HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) from Overweight to Neutral.

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JP Morgan Downgrades HDFC Bank to Neutral

HDFC Bank Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Friday.</a>
The bank&#8217;s shares recorded their sharpest monthly decline following report of flat sequential deposit performance for the quarter ended June, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-05/hdfc-bank-said-to-mull-loan-portfolio-sale-amid-growth-scrutiny?sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
The bank experienced a decrease in both advances and deposits sequentially for the quarter ending June 2024, <a href="https://www.business-standard.com/markets/news/hdfc-bank-s-share-price-plunges-over-4-after-weak-q1fy25-numbers-124070500982_1.html" target="_blank" rel="noreferrer noopener">reported </a>Business Standard.
This decline comes after a sustained period of the bank&#8217;s stock price growth, driven by expectations of a higher weighting in the MSCI Emerging Market Index.
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This apart, Bloomberg added, citing people familiar with the discussions, that the banking giant is also considering selling a loan portfolio amid increased regulatory scrutiny of the nation&#8217;s lenders and a surge in credit growth the discussions.
India&#8217;s largest private sector bank has approached public sector lenders, non-banking finance companies, insurance companies, and asset managers to explore their interest in participating in the sale, the report read.
The Reserve Bank of India has focused attention on the credit-deposit ratio, which is at a decade high for India&#8217;s banking industry.
HDFC is considering selling parts of its loan portfolio to reduce this ratio, which rose after its 2023 merger with parent company HDFC Ltd., potentially bolstering liquidity as well.
Price Action: HDB shares are trading lower by 7.44% to $61.69&nbsp;at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by sdx15 on Shutterstock
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What's Going On With HDFC Bank Shares Today?

Shares of NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family <a href="https://www.benzinga.com/markets/equities/24/07/39645086/leadership-change-at-nio-cfo-resigns-senior-vp-takes-charge">reasons, effective July 5, 2024</a>.
NIO shares dipped 8.5% to $4.4550 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) jumped 120% to $0.3870 after gaining 6% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) rose 70.5% to $4.65 after gaining around 14% on Wednesday.</li>
<li>MediWound Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares climbed 41.7% to $15.07, possibly on continued retail investor interest.</li>
<li>XChange TEC.INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) gained 27% to $1.06.</li>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) jumped 19.8% to $3.38.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) climbed 17.7% to $27.85.</li>
<li>Annovis Bio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANVS#NYSE">ANVS</a>) rose 14.1% to $9.22.</li>
<li>CleanCore Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#NYSE">ZONE</a>) surged 13% to $2.60.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) climbed 12.6% to $3.9750.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) gained 11.9% to $7.22.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 11.6% to $7.60.</li>
<li>Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) gained 10.4% to $19.79. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li>The Oncology Institute, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) rose 9.8% to $0.5379.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) rose 9.3% to $0.2514 after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) gained 7.4% to $180.54.</li>
<li>Smith &amp; Nephew plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNN#NYSE">SNN</a>) rose 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Adamas One Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) shares dipped 20.8% to $0.3660 after gaining 89% on Wednesday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares dipped 20% to $4.30.</li>
<li>Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) fell 19.2% to $2.11. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) fell 18.3% to $0.4606.</li>
<li>Castle Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>) dipped 16.4% to $17.77.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) fell 15% to $1.24.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) declined 14.1% to $0.1550.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) fell 12.4% to $2.3450.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) declined 11.4% to $15.60.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) dipped 11.1% to $0.24.</li>
<li>Inseego Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) fell 11.1% to $10.40.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) declined 10% to $7.49. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
<li>HDFC Bank Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) dipped 7.7% to $61.49.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares fell 7.1% to $0.17. Zoomcar Holdings shares jumped 34% on Wednesday after the company announced that it expects an increase in its FY24 total revenue and decline in its FY24 net loss.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) declined 7.1% to $15.74.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) declined 6.5% to $19.61 amid weakness in Bitcoin.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) fell 6.1% to $11.11 amid a decline in Bitcoin prices.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) fell 6.1% to $15.18 after the company its operations update for June 2024.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares declined 5.9% to $13.53. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining expansion.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 4.5% to $6.47 after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.</li>
</ul>
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Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday.
Shares of Bitfarms Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) fell sharply in today's pre-market trading <a href="https://www.benzinga.com/quote/BITF/news">amid weakness in </a>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
Bitcoin prices tumbled 4% to $55,377 on Friday.
Bitfarms shares dipped 7.6% to $2.32 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) shares tumbled 12.6% to $4.55 in pre-market trading after the company reported an unaudited monthly production and operations update for June.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares dipped 11.4% to $6.00 in pre-market trading after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares fell 10.9% to $12.78 in pre-market trading amid weakness in Bitcoin. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining expansion.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares declined 10.2% to $10.62 in pre-market trading amid a decline in Bitcoin prices.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) fell 8.8% to $14.73 in pre-market trading after the company its operations update for June 2024.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) declined 8.1% to $15.60 in pre-market trading.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) fell 7.1% to $2.49 in pre-market trading.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) declined 6% to $19.73 in pre-market trading amid weakness in Bitcoin.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell 5.9% to $1,225.01 in pre-market trading.</li>
<li>HDFC Bank Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) shares fell 5.5% to $62.95 in pre-market trading.</li>
</ul>
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Bitfarms, TeraWulf And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Shares of US-listed Indian companies are trading higher after falling on Tuesday amid election results.

Shares of Core &amp; Main Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) fell sharply during Tuesday's session after the company reported <a href="https://www.benzinga.com/quote/CNM/earnings">mixed first-quarter financial results.</a>
Core &amp; Main posted quarterly earnings of 49 cents per share, missing market expectations of 52 cents per share. The company's quarterly sales came in at $1.74 billion versus estimates of $1.72 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Core &amp; Main shares dipped 11.4% to $49.77 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MicroAlgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares jumped 284% to 5.99 after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) surged 112% to $0.56 after the company announced SOBRsure device purchases from two new customers.</li>
<li>Annexon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNX#NASDAQ">ANNX</a>) climbed 40% to $6.44 after the company&#8217;s Phase 3 trial of ANX005 met its primary endpoint.</li>
<li>WiMi Hologram Cloud Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) shares gained 37.3% to $1.18 after the company announced that the company and MicroAlgo will jointly establish a micro-consciousness quantum research center.</li>
<li>Core Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) shares rose 29% to $6.28. Core Scientific announced the signing of a series of 12-year contracts with CoreWeave, the AI Hyperscaler.</li>
<li>Oblong Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) gained 25% to $0.32 after the company announced that it signed a non-binding letter of intent to acquire Dwellwell Analytics.</li>
<li>Captivision Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPT#NASDAQ">CAPT</a>) shares climbed 22.7% to $4.16 after dipping 28% on Monday.</li>
<li>Marin Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) gained 21.2% to $2.97. Marin Software announced expanded Amazon integration to unlock channel for all advertisers.</li>
<li>Moving Image Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) gained 20.2% to $0.67.</li>
<li>Alset Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) shares climbed 19.4% to $1.23</li>
<li>CareCloud Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) shares gained 18.2% to $3.54.</li>
<li>Saia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) shares climbed 12.3% to $452.00 after the company reported an 18% increase in LTL shipments per workday in April.</li>
<li>Terawulf Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) gained 12% to $2.30 after the company issued May 2024 production and operations update.</li>
<li>SINTX Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) gained 11.8% to $7.28.</li>
<li>Zai Lab Ltd – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) shares rose 9.9% to $19.78.</li>
<li>Hillevax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLVX#NASDAQ">HLVX</a>) gained 9.7% to $13.60.</li>
<li>Agenus Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) shares rose 9.3% to $18.55.</li>
<li>SkyWest Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) gained 5.6% to $83.87.</li>
<li>Forward Air Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) gained 3.9% to $17.88.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>ENDRA Life Sciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) shares fell 66.4% to $0.073 after the company announced pricing of $8.0 million public offering.</li>
<li>Avalon Globocare Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALBT#NASDAQ">ALBT</a>) shares fell 30.9% to $0.85 after surging 317% on Monday.</li>
<li>Equillium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQ#NASDAQ">EQ</a>) fell 25.2% to $1.10 after the company announced topline data from its Phase 2 study of EQ101 in alopecia areata.</li>
<li>JIADE Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) fell 21.3% to $9.81.</li>
<li>Designer Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) shares fell 20.5% to $8.79 following first-quarter earnings.</li>
<li>MingZhu Logistics Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) shares fell 17.5% to $0.38. MingZhu Logistics Holdings shares jumped 32% on Monday after the company announced an agreement to acquire Oxylus Global.</li>
<li>Humacyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares declined 17.1% to $6.11.</li>
<li>NewGenIvf Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares fell 16.8% to $1.15. On Monday, NewGenIvf signed a non-binding $617.34 million deal for potential reverse merger with pharma company COVIRIX.</li>
<li>GCT Semiconductor Holding Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCTS#NYSE">GCTS</a>) shares declined 14.6% to $3.92</li>
<li>CalAmp Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMP#NASDAQ">CAMP</a>) shares declined 14% to $0.87. CalAmp recently entered into a restructuring support agreement to take the company private and has voluntarily initiated proceedings under Chapter 11 of the United States Bankruptcy Code.</li>
<li>Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares fell 12.2% to $6.70.</li>
<li>Amarin Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRN#NASDAQ">AMRN</a>) shares declined 12% to $0.75 after the company announced that it appointed Aaron Berg as President and CEO.</li>
<li>Cibus Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) shares declined 11.4% to $11.76.</li>
<li>Ivanhoe Electric Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) shares fell 10% to $9.73.</li>
<li>Bath &amp; Body Works Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) fell 10.5% to $46.39 after the company reported first-quarter earnings.</li>
<li>ICICI Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBN#NYSE">IBN</a>) shares declined 10.4% to $25.38 as Indian stocks moved lower amid early results from India&#8217;s general election.</li>
<li>Microbot Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBOT#NASDAQ">MBOT</a>) shares fell 9.4% to $1.25 after jumping 38% on Monday.</li>
<li>Bark Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) shares declined 9.3% to $1.27 after the company reported downbeat financial results for its fourth quarter and issued FY25 revenue guidance below estimates.</li>
<li>HDFC Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) declined 9.2% to $55.62 as Indian stocks moved lower amid early results from India&#8217;s general election.</li>
<li>Hywin Holdings Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) shares fell 9% to $0.61 after jumping 91% on Monday.</li>
<li>Axos Financial Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) shares fell 8.9% to $47.79 after Short seller Hindenburg Research issued a short report on the stock.</li>
<li>Modine Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) shares fell 8.7% to $91.14.</li>
<li>Arch Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) shares declined 8.4% to $164.81.</li>
<li>Dave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) fell 7.5% to $35.05. Dave announced an extension of its official partnership with the Drew League, Los Angeles&#8217; premiere Pro-Am basketball league.</li>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 5.5% to $26.45, pulling back after rallying 21% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39157476/nvidia-to-rally-around-11-here-are-10-top-analyst-forecasts-for-tuesday">Nvidia To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

AGEN

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Core Scientific, Inc. - Class A Common Stock

CORZ

DAVE

FWRD

GCTS

HLVX

HUMA

JDZG

MBOT

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MLGO

MRIN

NDRA

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SINT

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YGMZ

ZLAB

Why Core & Main Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Tuesday.
Shares of Bath &amp; Body Works Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) fell in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/BBWI/earnings">first-quarter earnings.</a>
Bath &amp; Body Works posted adjusted earnings of 38 cents per share, beating market estimates of 32 cents per share. The company's quarterly sales came in at $1.38 billion versus expectations of $1.36 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bath &amp; Body Works shares dipped 7.4% to $48.00 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Lufax Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares dipped 51.1% to $2.14 in pre-market trading.</li>
<li>Designer Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) shares fell 9.1% to $10.05 in pre-market trading following first-quarter earnings.</li>
<li>ICICI Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBN#NYSE">IBN</a>) shares declined 8.7% to $25.85 in pre-market trading as Indian stocks moved lower amid early results from India&#8217;s general election.</li>
<li>HDFC Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) declined 7.8% to $56.47 in pre-market trading as Indian stocks moved lower amid early results from India&#8217;s general election.</li>
<li>Lotus Technology Inc – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) shares declined 5.8% to $9.71 in pre-market trading after adding 5% on Monday.</li>
<li>Sibanye Stillwater Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) shares fell 5.7% to $4.77 in pre-market trading.</li>
<li>Pharming Group N V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) shares declined 4.9% to $8.78 in pre-market trading.</li>
<li>nVent Electric PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) shares fell 4.9% to $75.60 in pre-market trading.</li>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares fell 4.6% to $4.59 in pre-market trading after gaining 11% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39152575/donaldson-hewlett-packard-enterprise-and-3-stocks-to-watch-heading-into-tuesday">Donaldson, Hewlett Packard Enterprise And 3 Stocks To Watch Heading Into Tuesday</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

PHAR

SBSW

Bath & Body Works, Designer Brands And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

HDFC Bank shares are trading lower as Indian stocks fall amid early results from India's general election.

Shares of Healthequity Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) rose sharply in today's pre-market trading as the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/06/39147010/healthequity-stock-climbs-after-better-than-expected-q1-results-strong-forward-guidance">first-quarter financial results</a>.
The company reported quarterly earnings of 80 cents per share which beat the analyst consensus estimate of 66 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. HealthEquity issued strong FY25 earnings guidance and also issued FY25 revenue guidance with its midpoint above expectations.
Healthequity shares jumped 5.9% to $85.98 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MicroAlgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) rose 209.5% to $4.83 in today's pre-market trading. WiMi Hologram Cloud and MicroAlgo announced plans to jointly establish a micro-consciousness quantum research center.</li>
<li>Core Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) shares gained 51.8% to $7.39 in pre-market trading. Core Scientific announced the signing of a series of 12-year contracts with CoreWeave, the AI Hyperscaler.</li>
<li>Annexon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNX#NASDAQ">ANNX</a>) gained 31.2% to $6.01 in pre-market trading. Annexon will host a conference call and webcast on Tuesday at 8:30 a.m. ET to discuss GBS phase 3 data.</li>
<li>Plutonian Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 29.9% to $8.60 in pre-market trading.</li>
<li>SunLink Health Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSY#NYSE">SSY</a>) shares rose 24.1% to $0.75 in pre-market trading. SunLink Health Systems said its subsidiary, Southern Health Corporation of Houston, Inc., has completed the sale of its Trace Extended Care &amp; Rehab senior care facility and related real estate in Houston, Mississippi.</li>
<li>FibroGen Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) gained 18.6% to $1.46 in pre-market trading after the company announced announced that the FDA cleared its Investigational New Drug of FG-3165. Also, the company announced a clinical trial supply agreement with Regeneron Pharmaceuticals to evaluate FG-3165 and FG-3175 in combination with LIBTAYO.</li>
<li>WiMi Hologram Cloud Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) rose 15.1% to $0.99 in pre-market trading. WiMi Hologram Cloud and MicroAlgo announced plans to jointly establish a micro-consciousness quantum research center.</li>
<li>Captivision Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPT#NASDAQ">CAPT</a>) shares climbed 14.2% to $3.87 in pre-market trading after dipping 28% on Monday.</li>
<li>Lexaria Bioscience Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEXX#NASDAQ">LEXX</a>) shares gained 13.8% to $4.43 in pre-market trading.  </li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Lufax Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares declined 51.1% to $2.14 in pre-market trading.</li>
<li>Avalon Globocare Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALBT#NASDAQ">ALBT</a>) shares declined 26.2% to $0.91 in pre-market trading after surging 317% on Monday.</li>
<li>Hywin Holdings Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) shares dipped 22.7% to $0.52 in pre-market trading after jumping 91% on Monday.</li>
<li>MingZhu Logistics Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) shares fell 16.5% to $0.39 in pre-market trading. MingZhu Logistics Holdings shares jumped 32% on Monday after the company announced an agreement to acquire Oxylus Global.</li>
<li>NewGenIvf Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares fell 13.8% to $1.19 in pre-market trading. On Monday, NewGenIvf signed a non-binding $617.34 million deal for potential reverse merger with pharma company COVIRIX.</li>
<li>Microbot Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBOT#NASDAQ">MBOT</a>) shares fell 13% to $1.20 in pre-market trading after jumping 38% on Monday.</li>
<li>Sequans Communications SA ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares fell 11.9% to $0.60 in pre-market trading after declining around 10% on Monday.</li>
<li>Bark Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) shares declined 10.7% to $1.25 in pre-market trading after the company reported downbeat financial results for its fourth quarter and issued FY25 revenue guidance below estimates.</li>
<li>ICICI Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBN#NYSE">IBN</a>) shares fell 8.7% to $25.85 in pre-market trading after gaining around 6% on Monday.</li>
<li>HDFC Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) fell 7.8% to $56.47 in pre-market trading after gaining around 6% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39152576/investor-sentiment-improves-but-dow-falls-over-100-points">Investor Sentiment Improves, But Dow Falls Over 100 Points</a>

FGEN

LEXX

PLTN

SQNS

Why HealthEquity Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

HDFC shares are trading higher after the bank's deposits reportedly grew 7.5% in Q4.

Reuters Earlier Reported HDFC Gross Loans Grew 1.6% Sequentially, Deposits Rose 7.5%

FFWM

GBCI

Shares of banking companies are trading lower amid overall market weakness following worse-than-expected February PPI data.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$75.00</td>
<td>$32.3K</td>
<td>22.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$52.50</td>
<td>$25.2K</td>
<td>503</td>
<td>724</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$49.00</td>
<td>$35.2K</td>
<td>1.7K</td>
<td>717</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$82.2K</td>
<td>13.3K</td>
<td>525</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$34.00</td>
<td>$33.0K</td>
<td>10.3K</td>
<td>501</td>
</tr>
<tr>
<td>HDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$106.0K</td>
<td>1.9K</td>
<td>402</td>
</tr>
<tr>
<td>LMND</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/08/24</td>
<td>$16.00</td>
<td>$27.5K</td>
<td>32</td>
<td>300</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$25.3K</td>
<td>1.2K</td>
<td>170</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/24</td>
<td>$290.00</td>
<td>$35.0K</td>
<td>126</td>
<td>156</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$155.00</td>
<td>$29.2K</td>
<td>1.1K</td>
<td>76</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 42 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $32.3K, with a price of $770.0 per contract. There were 22481 open contracts at this strike prior to today, and today 5384 contract(s) were bought and sold. 
• Regarding USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we observe a call option sweep with bullish sentiment. It expires in 210 day(s) on September 20, 2024. Parties traded 350 contract(s) at a $52.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $72.0 per contract. There were 503 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bullish sentiment. It expires in 84 day(s) on May 17, 2024. Parties traded 640 contract(s) at a $49.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $55.0 per contract. There were 1784 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a put option sweep that happens to be bullish, expiring in 329 day(s) on January 17, 2025. This event was a transfer of 175 contract(s) at a $80.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.2K, with a price of $470.0 per contract. There were 13393 open contracts at this strike prior to today, and today 525 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on April 19, 2024. Parties traded 250 contract(s) at a $34.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $132.0 per contract. There were 10303 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For HDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>), we notice a put option trade that happens to be bearish, expiring in 301 day(s) on December 20, 2024. This event was a transfer of 400 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $106.0K, with a price of $265.0 per contract. There were 1914 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we observe a call option trade with neutral sentiment. It expires in 14 day(s) on March 8, 2024. Parties traded 100 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 32 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we observe a put option sweep with bearish sentiment. It expires in 329 day(s) on January 17, 2025. Parties traded 65 contract(s) at a $80.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $390.0 per contract. There were 1229 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option trade that happens to be bearish, expiring in 34 day(s) on March 28, 2024. This event was a transfer of 115 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $305.0 per contract. There were 126 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 16 contract(s) at a $155.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $1825.0 per contract. There were 1197 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

LMND

10 Financials Stocks With Whale Alerts In Today's Session

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>)</h3>
<ul>
<li>On Oct. 16, HDFC Bank reported a second-quarter consolidated net revenue increase of 114.8% Y/Y to INR 66,317 crore ($8.02 billion). The company&#39;s consolidated profit after tax for the quarter rose 51.1%. The company&rsquo;s stock fell around 18% over the past month and has a <a href="https://www.benzinga.com/quote/HDB">52-week low of $53.47 </a>.</li>
<li>RSI Value: 27.82</li>
<li>HDB Price Action: Shares of HDFC Bank rose 1.5% to close at $54.80 on Wednesday.</li>
</ul>
<h3>Trinity Capital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trin#NASDAQ">TRIN</a>)</h3>
<ul>
<li>On Jan. 5, Trinity Capital Incnamed Michael Testa as CFO, succeeding David Lund. The company&rsquo;s stock fell around 10% over the past month. It <a href="https://www.benzinga.com/quote/TRIN"> has a 52-week low </a> of $11.14.</li>
<li>RSI Value: 28.56</li>
<li>TRIN Price Action: Shares of Trinity Capital rose 0.7% to close at $13.78 on Wednesday.</li>
</ul>
<h3>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>)</h3>
<ul>
<li>On Nov. 14, AlTi Global posted a third-quarter loss of $1.40 per share. The company&rsquo;s stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ALTI"> low of $3.88.</a></li>
<li>RSI Value: 29.01</li>
<li>ALTI Price Action: Shares of AlTi Global gained 0.2% to close at $5.65 on Wednesday.</li>
</ul>
<h3>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>)</h3>
<ul>
<li>On Dec. 14, Forge Global revealed first-of-its-kind investable private market index in partnership with Accuidity to provide diversified exposure to late stage companies. The company&rsquo;s shares lost around 52% over the past month. The company&rsquo;s 52-week low is $1.10.</li>
<li>RSI Value: 23.12</li>
<li>FRGE Price Action: Shares of Forge Global fell 2.6% to close at $1.87 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36758057/over-1m-bet-on-this-tech-stock-check-out-these-3-penny-stocks-insiders-are-aggressively-"> Over $1M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying </a>

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Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

Shares of Airspan Networks Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mimo#NASDAQ">MIMO</a>) shares rose sharply during Wednesday&rsquo;s session after the company announced a partnership with GCT Semiconductor to develop an RF module.
Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Treasure Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgl#NASDAQ">TGL</a>) gained 31% to $0.1144.</li>
<li>LQR House Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqr#NASDAQ">LQR</a>) gained 30.4% to $2.6344 after dipping 45% on Tuesday. LQR House announced an increase of its share buyback program to $5 million.</li>
<li>ProQR Therapeutics N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prqr#NASDAQ">PRQR</a>) rose 29% to $3.2123.</li>
<li>Safety Shot, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shot#NASDAQ">SHOT</a>) climbed 26.7% to $2.2692. Safety Shot responded to FSD Pharma&#39;s unauthorized tagging of its stock and making false claims in an effort to harm the company and its shareholders.</li>
<li>Bullfrog AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfrg#NASDAQ">BFRG</a>) gained 27% to $3.3626 after the company reported early results from its collaboration with Lieber Institute for Brain Development (LIBD).</li>
<li>Fitell Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftel#NASDAQ">FTEL</a>) rose 25.7% to $1.2451.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) shares climbed 25.6% to $0.1594 after falling more than 9% on Tuesday.</li>
<li>Cognition Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgtx#NASDAQ">CGTX</a>) gained 22.4% to $2.5339.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) rose 22% to $2.0510 as the company said that a leading US-based rail and leasing services company signed a supply contract with Rail Vision valued at up to $5,000,000 for the purchase of Rail Vision&rsquo;s AI-based Switch Yard Systems.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) jumped 17.5% to $26.25 after Donald Trump recently won the Iowa GOP caucus. Digital World Acquisition Corp is the business combination partner of Trump Media &amp; Technology Group.</li>
<li>American Coastal Insurance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acic#NASDAQ">ACIC</a>) gained 17.1% to $11.58 after Raymond James initiated coverage on the stock with an Outperform rating and announced a $15 price target.</li>
<li>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>) gained 13.6% to $15.47. Sinclair reached a preliminary agreement to settle the lawsuit filed by Diamond Sports Group, LLC (DSG) and its subsidiary Diamond Sports Net, LLC in July 2023.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) surged 10.6% to $90.50 after the company reported preliminary revenue and adjusted EBITDA for the fourth quarter.</li>
<li>Liquidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqda#NASDAQ">LQDA</a>) gained 10.4% to $13.67.</li>
<li>Maplebear Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cart#NASDAQ">CART</a>) gained 8.4% to $25.90 after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $35 price target.</li>
<li>Progress Software Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prgs#NASDAQ">PRGS</a>) rose 3.4% to $55.41 as the company posted stronger-than-expected results for its fourth quarter.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>TuSimple Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsp#NASDAQ">TSP</a>) shares tumbled 54.7% to $0.3201 after the company announced its intention to delist from Nasdaq.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) fell 50% to $0.2099 after the company announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.</li>
<li>Adagene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adag#NASDAQ">ADAG</a>) declined 46.5% to $2.03 after the company announced the presentation of ADG126 data.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) fell 32.6% to $2.5650.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) declined 31.5% to $2.68.</li>
<li>Remark Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mark#NASDAQ">MARK</a>) fell 27.7% to $0.4899.</li>
<li>Acurx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acxp#NASDAQ">ACXP</a>) fell 25.7% to $3.48. Acurx Pharmaceuticals released comparative microbiology and microbiome data for ibezapolstat, its lead antibiotic candidate, from its completed Phase 2b trial in patients with Clostridioides difficile Infection (CDI).</li>
<li>American Battery Technology Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abat#NASDAQ">ABAT</a>) fell 25% to $2.45</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.</li>
<li>New Horizon Aircraft Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hovr#NASDAQ">HOVR</a>) fell 22.6% to $2.60.</li>
<li>Charge Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crge#NASDAQ">CRGE</a>) fell 22.2% to $0.1260</li>
<li>Calavo Growers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgw#NASDAQ">CVGW</a>) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.</li>
<li>Alector, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alec#NASDAQ">ALEC</a>) declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) fell 11.7% to $6.59.</li>
<li>LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) shares tumbled 10.5% to $25.39.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.</li>
<li>Compass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/comp#NYSE">COMP</a>) declined 8.8% to $2.9350.</li>
<li>Tellurian Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tell#NYSE">TELL</a>) fell 8.6% to $0.6126.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.</li>
<li>10x Genomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txg#NASDAQ">TXG</a>) fell 7.8% to $41.04.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) dipped 6.9% to $2.6150.</li>
<li>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>) fell 6.8% to $56.99.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) fell 5.7% to $68.63 after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36653800/jim-cramer-says-hold-onto-this-biotech-stock-i-dont-understand-why-its-so-inexpensive"> Jim Cramer Says Hold Onto This Biotech Stock: &#39;I Don&#39;t Understand Why It&#39;s So Inexpensive&#39;</a>

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Airspan Networks Holdings Inc. Common Stock

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Why Airspan Networks Shares Are Trading Higher By Over 380%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.
Shares of SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) fell during Wednesday&rsquo;s session after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.
SolarEdge Technologies shares declined 5.4% to $68.91 on Wednesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.</li>
<li>Calavo Growers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgw#NASDAQ">CVGW</a>) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.</li>
<li>Alector, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alec#NASDAQ">ALEC</a>) declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) fell 11.7% to $6.59.</li>
<li>LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) shares tumbled 10.5% to $25.39.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.</li>
<li>Compass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/comp#NYSE">COMP</a>) declined 8.8% to $2.9350.</li>
<li>Tellurian Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tell#NYSE">TELL</a>) fell 8.6% to $0.6126.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.</li>
<li>10x Genomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txg#NASDAQ">TXG</a>) fell 7.8% to $41.04.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) dipped 6.9% to $2.6150.</li>
<li>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>) fell 6.8% to $56.99.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36656270/top-3-industrials-stocks-that-could-blast-off-in-january"> Top 3 Industrials Stocks That Could Blast Off In January</a>

SolarEdge Technologies, Calavo Growers, Fisker And Other Big Stocks Moving Lower On Wednesday

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 4.51% on an annualized basis producing an average annual return of 14.4%. Currently, HDFC Bank has a market capitalization of $165.72 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,839.25 today based on a price of $65.48 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704740419_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,800 Today

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 4.68% on an annualized basis producing an average annual return of 14.58%. Currently, HDFC Bank has a market capitalization of $169.56 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,860.55 today based on a price of $67.00 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703601034_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,900 Today

Looking into the current session, HDFC Bank Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) shares are trading at $66.20, after a 0.95% spike. Moreover, over the past month, the stock spiked by 11.26%, but in the past year, decreased by 0.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2023/1703180713_0.png" alt="Past Year Chart" />

<h3>HDFC Bank P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 13.37 in the Banks industry, HDFC Bank Inc. has a higher P/E ratio of 20.48. Shareholders might be inclined to think that HDFC Bank Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2023/1703180713_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

P/E Ratio Insights for HDFC Bank

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