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Alpha Cognition Inc Ordinary Shares (OTC:ACOGD) Stock, Option Chain

Alpha Cognition Inc Ordinary Shares

Trinity Biotech plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIB#NASDAQ">TRIB</a>), a commercial-stage biotechnology company focused on human diagnostics and diabetes management solutions, including wearable biosensors, today announced it has entered into amended agreements with its primary lender, Perceptive Advisors. These strategic amendments provide additional liquidity, further enhancing the Company's near-term financial position as it advances its Comprehensive Transformation Plan and continues development of its innovative continuous glucose monitoring (CGM) technology.
Under the terms of the agreements, a deferred consideration payment of $5 million related to the acquisition of the biosensor assets of Waveform Technologies has been extended to November 2025, offering the Company greater financial flexibility. In addition, further additional liquidity in the amount of approximately $5.5 million has been provided to Trinity Biotech through a combination of cash and payment-in-kind interest, strengthening liquidity during this pivotal period of transformation. As part of the agreement, Trinity Biotech has granted Perceptive Advisors 1.5 million additional warrants to purchase the Company's ADS, and repriced its existing ADS warrants at an exercise price of $0.80 per ADS, reinforcing the ongoing partnership between the two entities.

News

Offerings

Management

TRIB

Trinity Biotech Amends Credit Agreement With Perceptive Advisors To Boost Liquidity And Support Transformation Plan; Secures $5.5M In Additional Funding, Extends $5M Payment To 2025, And Issues 1.5M New Warrants At $0.80 Exercise Price

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>)</h3>
<ul>
<li>On Nov. 26, Equity Commonwealth completed the sale of 1250 H Street. The company's stock fell around 91% over the past month and has a <a href="https://www.benzinga.com/quote/EQC">52-week low of $1.40</a>.</li>
<li>RSI Value: 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>EQC Price Action: Shares of Equity Commonwealth fell 1.7% to close at $1.74 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">latest EQC news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="782" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083110/image-196.png" alt="" class="wp-image-705981" style="width:670px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083110/image-196.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083110/image-196-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083110/image-196-768x684.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
<h3 class="wp-block-heading">Wheeler Real Estate Investment Trust Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>)</h3>
<ul>
<li>On Nov. 15, Wheeler Real Estate Investment Trust announced a 1-for-2 reverse stock split. The company's stock fell around 52% over the past month and &lt;a href=&#8221;https://www.benzinga.com/quote/WHLR&#8221;&gt;&lt;em&gt; has a 52-week low &lt;/em&gt;&lt;/a&gt; of $3.75.</li>
<li>RSI Value: 24</li>
<li>WHLR Price Action: Shares of Wheeler Real Estate Investment Trust closed at $4.05 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">trend in WHLR stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083138/image-197.png" alt="" class="wp-image-705982" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083138/image-197.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083138/image-197-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083138/image-197-768x685.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>)</h3>
<ul>
<li>On Nov. 6, LXP Industrial Trust reported better-than-expected third-quarter financial results. T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented &#8220;We posted strong third-quarter results with same-store NOI growth of 5.4% driven by 39.1% cash rental increases on second generation leases completed through September 30, 2024. We made progress on development leasing, executing a five-year lease at our 250,000 square foot development project in Columbus with a development yield of 8.5% and 3.5% annual rental increases." The company's stock fell around 12% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LXP">low of $8.08</a>.</li>
<li>RSI Value: 29</li>
<li>LXP Price Action: Shares of LXP Industrial Trust fell 0.5% to close at $8.28 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">breakout in LXP shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083244/image-198.png" alt="" class="wp-image-705983" style="width:697px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083244/image-198.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083244/image-198-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24083244/image-198-768x740.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
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Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

WHLR

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio For Q4

Offering Real-Time Availability, Transparent Pricing, And Seamless Trip Management; Updates CharterGPT App With Carbon Tracking, Push Notifications, And Deep Linking.

JTAI

Jet.AI Launches "Ava," An Agentic AI Model For Private Jet Booking

Carmell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>), a bio-aesthetics company focused on skin and hair health ("Carmell", the "Company", "we", "our", or "us"), today announced that it entered into a securities purchase agreement with new and existing investors for the issuance and sale of 8,065,210 shares of its common stock and an equal number of five-year warrants, both priced at $0.23 per share, in a private placement for aggregate gross proceeds of $1.85 million before deducting offering expenses and fees (the "Private Placement"). The warrants, if exercised, will result in an additional $1.85 million in proceeds to Carmell. The Private Placement was priced at a slight premium to the CTCX closing price on December 23, 2024.
Said Mr. Rajiv Shukla, Chairman of Carmell, "We are happy to announce an additional round of investment from existing and new investors to support the continued commercial build out of our revolutionary bio-aesthetics product pipeline."

CTCX

Carmell Enters Securities Purchase Agreement With New And Existing Investors For The Issuance And Sale Of 8,065,210 Shares Of Its Common Stock And An Equal Number Of 5-Year Warrants, Both Priced At $0.23 Per Share, In A Private Placement For Aggregate Gross Proceeds Of $1.85M

NANO Nuclear acquires Micro Modular Reactor (MMR&#xAE;) and Pylon technologies, including all associated patents, through a Chapter 11 bankruptcy auction
New York, N.Y., Dec. 24, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) ("NANO Nuclear" or "the Company"), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that it has executed a definitive agreement to acquire select nuclear energy technology assets from Ultra Safe Nuclear Corporation and certain of its subsidiaries (collectively, "USNC").
The acquired assets include USNC's patented Micro Modular Reactor (MMR&#xAE;) system, along with all associated patents and other intellectual property rights, as well as its Pylon reactor technology and related intellectual property, and certain demonstration project partnerships related to the MMR system. The assets are being acquired for $8.5 million in cash through an auction process conducted pursuant to Section 363 of the U.S. Bankruptcy Code in connection with USNC's pending Chapter 11 bankruptcy proceedings. On December 18, 2024, the United States Bankruptcy Court for the District of Delaware, the Bankruptcy Court overseeing USNC's chapter 11 case, conducted a hearing and approved the transaction. The closing of the acquisition is expected to occur in the near future subject to satisfaction of customary closing conditions in a bankruptcy proceeding.

NANO Nuclear Energy Enters Into Agreement To Acquire Ultra Safe Nuclear Corp.'s Patented Micro Modular Reactor MMR And Pylon Space Reactors For $8.5M Along With Worldwide Demonstration Partnerships

In a brief but dramatic Christmas Eve disruption, American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) grounded all flights across the United States on Tuesday due to <a href="https://www.benzinga.com/markets/equities/24/12/42665923/is-stock-market-open-on-christmas-eve-2024-a-quick-guide-for-market-hours-banks-and-whats-closed-for-santa-claus">a temporary technical outage</a>. 
The issue was resolved by 7:50 a.m. ET, with the carrier restoring operations and addressing disruptions caused by the nationwide halt.
<h3 class="wp-block-heading">Flights Resume After Hours Of Uncertainty</h3>
An hour earlier, the Federal Aviation Administration issued an advisory stating that the carrier had halted all flights across the country, Reuters reports.
Passengers shared their frustration on X before the issue was resolved, with one flyer <a href="https://x.com/SACKsonville17/status/1871513983683067982">reporting</a>, "I just heard from the gate crew that there's a massive system outage and they can't scan boarding passes.&#8221;
The FAA's Air Traffic Control System Command Center later issued an update lifting the nationwide <a href="https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24">groundstop </a>for American Airlines.
<h3 class="wp-block-heading">Airlines Briefly Recover Losses</h3>
Investors were quick to react. American Airlines stock initially plunged over 3% in premarket trading but bounced back, erasing all losses after systems were restored.
A benchmark of airlines stocks, as represented by the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), was 0.6% lower by 8:05 a.m. in New York.
Shares of United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) were both 0.2% higher. Alaska Air Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) was also up 0.2%, while Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) was unchanged. 
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Photo: Nate Hovee/Shutterstock.com

Equities

Large Cap

Sector ETFs

ETFs

JETS

American Airlines Lifts Christmas Eve Grounding, Shares Bounce Back

Cantor Fitzgerald analyst Ross Osborn reiterates AVITA Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCEL#NASDAQ">RCEL</a>) with a Overweight and maintains $21 price target.

Price Target

Reiteration

Analyst Ratings

RCEL

Cantor Fitzgerald Reiterates Overweight on AVITA Medical, Maintains $21 Price Target

Railroads (AAR), with its Technology Roadmap Program managed by MxV Rail
Ra'anana, Israel, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSN#NASDAQ">RVSN</a>) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it has joined MxV Rail's Technology Roadmap Program, a distinguished body responsible for formulating minimum interoperable requirements and supporting development of systems to improve operating safety and efficiency of rail operations in North America.
By joining the MxV Rail's Technology Roadmap Program, Rail Vision will contribute to the development of interoperable requirements, positioning itself as a pivotal player in the evolution of rail technology in the U.S. The involvement aligns Rail Vision with influential stakeholders, including Class 1 U.S. rail operators, and enhances its visibility among potential customers seeking innovative safety and automation solutions.
The TCCO committee operates under the auspices of the American Association of Railroads (AAR), with its Technology Roadmap Program managed by MxV Rail, a subsidiary of the AAR. MxV Rail is a renowned entity dedicated to conducting railroad equipment testing and providing training for U.S. member railroads, ensuring compliance with emerging federal standards and advancing rail safety.

RVSN

Rail Vision Joins MxV Rail's Technology Roadmap Program To Improve Safety And Efficiency Of Rail Operations In North America

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) fell sharply in today's pre-market trading after reporting <a href="https://www.benzinga.com/quote/LMNR/news">fourth-quarter results.</a>
Limoneira posted an adjusted net loss of $1.6 million, or 9 cents per share, versus a year-ago loss of $2.6 million, or 15 cents per share. Its total net revenue rose to $43.9 million from $41.4 million in the year-ago quarter.
Limoneira shares fell 2.6% to $26.12 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) dipped 12.1% to $22.01 in pre-market trading.</li>
<li>Astria Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>) fell 11.8% to $8.40 in pre-market trading.</li>
<li>Jiayin Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) shares fell 7.5% to $5.95 in pre-market trading. Jiayin Group, last week, announced the purchase of commercial property located in Shanghai, China for total cash consideration of RMB1.35 billion.</li>
<li>AngioDynamics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) dipped 7.3% to $8.21 in pre-market trading. AngioDynamics will report financial results for the second quarter of fiscal year before the opening bell on Wednesday, Jan. 8, 2025.</li>
<li>Phibro Animal Health Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAHC#NASDAQ">PAHC</a>) fell 5.2% to $20.51 in pre-market trading.</li>
<li>ADS-TEC Energy PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSE#NASDAQ">ADSE</a>) shares fell 3% to $13.70 in pre-market trading.</li>
<li>Vinci Partners Investments Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) fell 2.9% to $9.57 in pre-market trading.</li>
<li>Couchbase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) declined 2.4% to $14.91 in pre-market trading.</li>
<li>Turtle Beach Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) declined 2.3% to $15.60 in pre-market trading.</li>
<li>Valhi, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHI#NYSE">VHI</a>) fell 2% to $21.30 in pre-market trading.</li>
</ul>
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</ul>

Movers

ADSE

ANGO

ATXS

BASE

HEAR

JFIN

LMNR

PAHC

VINP

Limoneira And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

WIIM

Avita Medical shares are trading higher after D. Boral Capital initiated coverage on the stock with a Buy rating and announced a $25 price target.

The chief business officer and the chief insurance officer of the insurance technology company Lemonade Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) sold their shares in the company on Dec. 3, as per the SEC filings. The company&#8217;s technical analysis shows that the stock is under short-term pressure.
What Happened: John Sheldon Peters sold 1,790 shares of the company worth $81,445, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. After the transaction, the chief insurance officer was left with 88,493 shares of the company. He diluted 1.98% of his ownership after the trade.
On the other hand, the chief business officer Maya Prosor sold 304 shares, worth a total of $13,832, as per <a href="http://pro.benzinga.com">Benzinga </a>Pro. After the trade, he directly owns 8,684 company shares and 29,286 shares indirectly via Cohen Holdings, LLC. Prosor&#8217;s sale was conducted to cover tax withholding obligations and it wasn&#8217;t a discretionary decision.
See Also: <a href="https://www.benzinga.com/24/12/42640560/japan-cannot-happen-here-was-common-refrain-20-years-ago-in-the-west-mohammed-el-erian-says-as-tokyo-climbs-out-of-the-hole-this-country-looks-at-risk-of-falling-in">Mohammed El Erian Says This Country Faces Japan-Style Economic Risk Even As Tokyo Rebounds</a>
Why It Matters: From a technical perspective, the analysis of daily moving averages indicates that the stock may be under pressure in the short term.
The stock ended at $39.90 apiece on Monday. This was below its eight and 20-day simple moving averages, of $40.95 and $44.42, respectively. As per Benzinga Pro data, its current stock price was higher than the 50-day moving average of $33.92 and its 200-day moving average of $21.50.
This implies that it could still be in a long-term uptrend while it is testing fresh support levels near the average value.
On the other hand, the relative strength index of 49.22 suggests the stock is in a neutral zone and is neither overbought nor oversold.
<figure class="wp-block-image size-large"><a href="http://pro.benzinga.com"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart-1024x576.png" alt="" class="wp-image-705897" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075141/Lemonade-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Price Action: Shares of Lemonade are up 134.15% on a year-to-date basis, outperforming the NYSE Composite, which was up 14.05% in the same period. However, Lemonade has fallen by 21.80% over the last month.
About 12 analysts tracked by <a href="https://www.benzinga.com/quote/LMND/analyst-ratings">Benzinga </a>have a consensus &#8216;sell&#8217; rating on the stock with a price target of $29.18 per share. The highest price target was $60 issued by JPMorgan on Nov. 22 and the low is $12 issued by BofA Securities on May 4, 2023.
The three most recent analyst ratings have seen a target upgrade by JMP Securities, BMO Capital, and Piper Sandler, however, it still implies a 0.58% downside for LMND.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/LMND/analyst-ratings"><img loading="lazy" decoding="async" width="945" height="358" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075052/LMND-ANR.png" alt="" class="wp-image-705895" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075052/LMND-ANR.png 945w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075052/LMND-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24075052/LMND-ANR-768x291.png 768w" sizes="(max-width: 945px) 100vw, 945px" /></a></figure>
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</ul>
Image Via Shutterstock

Technicals

LMND

Insurance-Tech Company Lemonade Insiders Offload Shares: Technical Analysis Shows Short-Term Bullish Trends

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">238.64</td>
<td align="right">0.57</td>
<td align="right">0.23</td>
<td>3.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.22</td>
<td align="right">0.16</td>
<td align="right">0.21</td>
<td>622</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">84.08</td>
<td align="right">0.15</td>
<td align="right">0.17</td>
<td>8.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.90</td>
<td align="right">0.15</td>
<td align="right">0.10</td>
<td>3.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.45</td>
<td align="right">0.03</td>
<td align="right">0.06</td>
<td>10.1K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">228.96</td>
<td align="right">-0.21</td>
<td align="right">-0.1</td>
<td align="right">180</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For December 24, 2024

The Pudgy Penguins (CRYPTO: PENGU) <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42562051/pudgy-penguins-pengu-token-extends-rally-outperforms-dogecoin-shiba-inu-on-wednesday">meme coin is seeing a surge in interest</a>, fueled by new exchange listings, bullish sentiment and whale accumulation. 
What Happened: Onchain Lens <a href="https://x.com/OnchainLens/status/1871397092125769748">data</a> shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.  
In Mario Nawfal's latest Crypto Daily episode posted on <a href="https://x.com/MarioNawfal/status/1871182703816839401">X</a> on Dec 23, Luca Netz, the creator of Pudgy Penguins, shared insights into the project's vision. 
He dismissed the idea that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) will maintain dominance forever, labeling it as a "bad assumption." 
Netz emphasized that memetic characters like Pudgy Penguins remain underdeveloped and have untapped cultural potential.
He added that in terms of social viewership and other factors Dogecoin and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) are the only two closest competitors.
Netz short term goal for Pudgy Penguins is to make it a cultural phenomenon which has happened only twice earlier in the crypto space – DOGE and Bored Apes and Ape. 
The next big step for Pudgy he believes is a movie TV show and a blockbuster game.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Pudgy Penguins (CRYPTO: PENGU)</td>
<td>&nbsp;$0.03558</td>
<td>$2.2 billion</td>
<td>+28.4%&nbsp;</td>
<td>+612.3%&nbsp;</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.3198</td>
<td>$47.1 billion</td>
<td>+1.3%&nbsp;</td>
<td>-21.1%&nbsp;</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>&nbsp;$0.00001828&nbsp;</td>
<td>$7.7 billion</td>
<td>+1.4%&nbsp;</td>
<td>+22.3%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Wizard of SoHo, a prominent crypto trader, <a href="https://x.com/wizardofsoho/status/1871313321644666983">revealed</a> that PENGU is among his three biggest retail bets for 2025, alongside Dogecoin and Chillguy. 
He also holds smaller positions in Pepe, Mog (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOG</a>) and Rekt.
Lord Durden, another investor, shared the "PENGU prophecy roadmap," highlighting its future potential.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/search?q=%24PENGU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PENGU</a> prophecy roadmap &#x1f427; I don't make the rules &#x1f937;&#x1f3fb;&#x200d;&#x2642;&#xfe0f; GCR does &#x1f525; <a href="https://t.co/3O3lttbXHB">pic.twitter.com/3O3lttbXHB</a>
&mdash; Lord Durden (@LordDurden) <a href="https://twitter.com/LordDurden/status/1871335848148668423?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Community News: Kamino Finance, a Solana DeFi protocol, <a href="https://x.com/KaminoFinance/status/1871492434443817440">announced</a> a "PENGU incentives boost" in collaboration with Pudgy Penguins and JitoSol. Depositors will receive 2,500 JITO and 375,000 PENGU incentives over the next month.
Bithumb, South Korea's largest digital asset platform, <a href="https://x.com/BithumbOfficial/status/1871426950113509529">listed</a> PENGU effective Dec. 24.
Pudgy Penguins' official account celebrated reaching 500,000 holders.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42562051/pudgy-penguins-pengu-token-extends-rally-outperforms-dogecoin-shiba-inu-on-wednesday">Pudgy Penguins PENGU Token Extends Rally, Outperforms Dogecoin, Shiba Inu On Wednesday</a></li>
</ul>
Image via Pudgy Penguin

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

Cryptocurrency

$DOGE

$MOG

$PEPE

Careful Dogecoin, Your Dominance Isn't Forever, Pudgy Penguins' Creator Says As PENGU Meme Coin Surges 28%

Ostin Technology Group Co., Ltd. ("the Company") (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ost#NASDAQ">OST</a>), a leading supplier of display modules and polarizers based in China, today announced an update to the effective date of its previously approved reverse share split of the Company's Class A ordinary shares, with the split ratio set at 1-for-10 (the "Reverse Share Split"). The Reverse Share Split was approved by the Company's shareholders at an extraordinary general meeting held on November 25, 2024. The effective date for the Reverse Share Split has been revised from December 26, 2024 to December 31, 2024 and the Company's Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on December 31, 2024, under the existing ticker symbol "OST." The new CUSIP number for the Company's Class A ordinary shares will be G67927114.
Upon the effectiveness of the Reverse Share Split, every ten shares of the Company's issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding Class A ordinary shares of the Company from approximately 18.1 million to approximately 1.81 million.

Penny Stocks

Stock Split

Ostin Technology Announces 1-For-10 Reverse Stock Split, Will Begin Trading On An Adjusted Basis On December 31, 2024

AGM Group Holdings Inc. ("AGM Holdings" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, released a statement of its CEO Dr. Bo Zhu today, discussing the Company's growth strategies and future initiatives in the cryptocurrency industry.
Dr. Zhu, an experienced entrepreneur in the computer software sector, currently serves as CEO of AGM Holdings. He joined the Company in May 2021 as Chief Strategy Officer (CSO) and was appointed CEO and director in October 2023. Dr. Zhu earned his PhD in Computer Science and Technology from Zhejiang University in 2013 and has published over 20 research papers, 19 of which are indexed in SCI/EI (science and engineering). Below are key insights from the interview:

AGMH

AGM Group Holdings CEO Issues Letter, Highlights Strategic Growth And Future Initiatives In AI and Cryptocurrency

Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) shares traded lower in the premarket session on Tuesday but recovered from the loss. The company has acquired Seatrium&#8217;s and Black &amp; Veatch&#8217;s minority stakes in the FLNG Hilli, including 5.45% common units, 10.9% <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42666947/golar-acquires-all-outstanding-minority-interests-in-the-flng-hilli" rel="noreferrer noopener">Series A shares, and 10.9% Series B shares</a>.
The total transaction value is $90.2 million, comprising $59.9 million in equity and $30.3 million as a pro-rata share of the existing FLNG Hilli debt facility.
This acquisition represents approximately 8% of the full FLNG capacity.
Golar&#8217;s increased ownership will take full economic effect starting January 1, 2025.
The FLNG Hilli is contracted to Perenco in Cameroon until July 2026, after which it is planned to relocate to Argentina under a 20-year agreement with Southern Energy, a consortium of leading Argentine natural gas producers.
The Southern Energy contract is contingent on conditions such as obtaining an export license, completing an environmental assessment, and a Final Investment Decision by Southern Energy.
Since commencing operations in 2018, the FLNG Hilli has achieved global-leading uptime, delivering 124 LNG cargoes and offloading over 8.5 million tons of LNG.
Additionally, Golar LNG and Seatrium have resolved outstanding items, including a $7 million payment by Golar to Seatrium for a Hilli Train 3 utilization bonus and historical work on the former Golar Gandria LNGC.
Following these settlements, no further contractual obligations regarding existing assets remain between Golar and Seatrium.
Golar CEO Karl-Fredrik Staubo said, &#8220;Golar is pleased to take full ownership of FLNG&nbsp;Hilli. The increased ownership will give immediate cash flow accretion and is expected to add approximately $0.5bn of Adjusted EBITDA backlog.&#8221;
Investors can gain exposure to the stock via Exchange Traded Concepts Trust Range Global LNG Ecosystem Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNGZ#NYSE">LNGZ</a>) and Invesco Oil &amp; Gas Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>).
Price Action: GLNG shares are up 0.62% at $42.10 premarket at the last check on Tuesday.
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<li><a href="https://www.benzinga.com//node/42666701" target="_blank" rel="noreferrer noopener">Nasdaq Gains Around 1% As Tesla, Nvidia Rise Ahead Of Christmas: Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
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Commodities

GLNG

LNGZ

PowerShares Exchange-Traded Fund Trust Dynamic Oil Services Portfolio

Golar LNG Expands FLNG Hilli Stake, Eyes Long-Term Argentina Deal

In the current session, the stock is trading at $195.05, after a 0.22% spike. Over the past month, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock increased by 15.08%, and in the past year, by 38.65%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1735045222_0.png" alt="Past Year Chart" />

<h3>Comparing Alphabet P/E Against Its Peers</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. 
Alphabet has a lower P/E than the aggregate P/E of 51.68 of the Interactive Media &amp; Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735045222_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

GOOGL

P/E Ratio Insights for Alphabet

According to a recent survey by AutoPacific, nearly half of all future three-row SUV shoppers would consider purchasing one that&#8217;s specifically electric. Several EV companies offer options including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
But which to buy?
Comparing 3 SUVs And Their Starting Prices
Tesla&#8217;s three-row SUV offering is its <a href="https://www.benzinga.com/tech/24/12/42496103/teslas-model-s-model-x-and-cybertruck-now-have-the-same-starting-price-which-to-buy">Model X starting at $79,990</a> with an estimated range of 329 miles.
Meanwhile, Rivian offers the R1S SUV, starting at $75,900 for the base version while Lucid has recently started manufacturing the premium variant of its <a href="https://www.benzinga.com/tech/24/12/42432727/lucids-gravity-gets-official-range-estimate-higher-than-teslas-model-x-but-lower-than-its-own-air-sedan">Gravity SUV starting at $94,900</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model </td>
<td>Starting Price</td>
</tr>
<tr>
<td>Tesla Model X</td>
<td>$79,990</td>
</tr>
<tr>
<td>Lucid Gravity</td>
<td>$94,900</td>
</tr>
<tr>
<td>Rivian R1S</td>
<td>$75,900</td>
</tr>
</tbody>
</table>
</figure>
All three vehicles can seat up to 7 adults. While from a price perspective, the Rivian R1S might seem like a great buy, the base variant of the vehicle only offers a range of 270 miles. 
Model Variants: 
Tesla&#8217;s Model X comes in two variants namely the all-wheel drive and plaid.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model X Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>$79,990</td>
</tr>
<tr>
<td>Plaid</td>
<td>$94,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
The R1S SUV, meanwhile, is currently available in three variants with the high-end Tri variant starting at $105,900. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>R1S Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>Dual Standard</td>
<td>$75,900</td>
</tr>
<tr>
<td>Dual</td>
<td>$82,900</td>
</tr>
<tr>
<td>Tri</td>
<td>$105,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Rivian</figcaption></figure>
The Gravity, however, has only one variant available as of today. While the company is planning yet another cheaper variant, it will only be available to order next year.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Gravity Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>Touring (available only in 2025)</td>
<td>$79,900</td>
</tr>
<tr>
<td>Grand Touring</td>
<td>$94,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Lucid</figcaption></figure>
Range Comparison:
For drivers looking for the most range, the Lucid Gravity offers the most ease of mind among its counterparts with 450 miles of range.
The Model X has an EPA-estimated range of up to 329 miles while R1S has a maximum range of 410 miles. However, 410 miles of range is available only with the R1S Dual variant coupled with a max battery pack with a starting price of $89,900.
Performance: 
The best option for a customer depends on what they expect out of their vehicle. 
For customers looking for fast acceleration,&nbsp;the Model X can go from 0 to 60 mph in 2.5 seconds, and the R1S Tri in 2.9 seconds.
For those looking for the most power, the Model X Plaid would be the best option with 1,020 horsepower. Gravity has up to 828 hp and <a href="https://www.benzinga.com/news/24/09/40954673/rivian-introduces-100k-tri-max-variant-of-r1s-electric-suv-on-online-shop-which-can-go-from-0-60-mph">the R1S Tri variant has up to 850 hp</a>.
Alternate Cheaper Option: Tesla also offers buyers another three-row SUV option in its cheaper Model Y. While the Model Y comes with a five-seat interior included, buyers of the long-range all-wheel drive variant of the vehicle can pay an extra $1000-$2000 for seven-seat interiors. 
The Long Range All-Wheel Drive variant of the Model Y has a starting price of $47,990, meaning an added $2000 for seven-seat interiors would take the price up to $49,990. 
However, the Model Y is smaller in length and width than the company&#8217;s premium SUV Model X, implying that the third row would be relatively more cramped for buyers looking for third-row comfort. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles" target="_blank" rel="noreferrer noopener">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant's Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photos courtesy: Tesla, Lucid and Rivian

Tech

LCID

RIVN

TSLA

Tesla Model X, Lucid Gravity Or Rivian R1S: Which Three-Row Electric SUV Is A Better Buy?

What goes up must come down. However, buyers who spent millions of dollars on <a href="https://www.benzinga.com/content/42623572/constellation-group-reaches-new-heights-at-ella-miami-beach-unveiling-new-rooftop-penthouse#google_vignette">luxury Miami condos</a> only a few years ago didn&#8217;t expect them to come down so soon.
According to a new study from the University of Miami, superhigh structures like the celebrated 641-foot-tall <a href="https://www.benzinga.com/content/42599405/miami-luxury-re-llc-introduces-aston-martin-residences-featuring-ultimate-luxury-and-amenities">Porsche Design Tower</a> lining the barrier islands north of Miami are &#8220;sinking&#8221; at an alarming rate. The study calls into question the stability of the buildings, particularly along Sunny Isles Beach, noting that 35 buildings have sunk three inches in the last seven years, a subsidence rate of just under half an inch per year.&nbsp;
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<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes-y2"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
</ul>
<h2 class="wp-block-heading">Some Of Miami&#8217;s Most Glamorous Towers Have Been Affected</h2>
MSN.com reports that <a href="https://www.benzinga.com/content/42591369/concierge-auctions-announces-early-2025-sale-calendar-spanning-north-america-and-asia">The Ritz Carlton</a> Residences and both Trump Towers are among the iconic towers that are losing stature, along with the Porsche Design Tower. This study is made all the more alarming in the wake of the tragedy of the nearby 12-story Surfside, Florida, where the Champlain Towers South building collapsed in June 2021, killing 98 people. That collapse, however, is thought to have been caused by bad structural design, deterioration and poor maintenance rather than subsidence.
<h2 class="wp-block-heading">Satellite Technology And Multiple Studies</h2>
Using complex satellite technology and cross-referencing their studies with those from other universities to legitimize their findings, the University of Miami has discovered the shocking subsidence rate exists along several parts of the Southern Florida coastline.
See Also: Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
Although subsidence is common among newly constructed structures, the weight of the high-rises has accelerated the process, which must also call into question the geological surveys conducted before construction. Contributing factors to accelerated subsidence can include the following:
<ul>
<li>Daily tidal movements</li>
<li>Cracking limestone</li>
<li>Soil grains</li>
<li>Groundwater flow from underground construction.</li>
</ul>
&#8220;We found that subsidence in most high-rises slows down over time, but in some cases, it continues at a steady rate. This suggests that subsidence could persist for an extended period,&#8221; senior author Falk Amelung said.&nbsp;
The sinking &#8220;is primarily due to the gradual reconfiguration of the sand grains into a denser packing within sandy layers interbedded in the limestone&#8221; in the area, the study said. Khaled Siobhan, a geotechnical engineering professor at Florida Atlantic University, told<a href="https://www.msn.com/en-us/money/realestate/porsche-design-tower-in-miami-641-foot-skyscraper-showing-signs-of-sinking/ar-AA1w2LZd?ocid=finance-verthp-feeds&amp;cvid=cffdb5a6acd042ca804d88c5f2a5bbfd&amp;ei=24"> </a>Interesting Engineering, as reported by MSN, &#8220;The subsidence is probably a combination of several mechanisms and these findings raise important questions that need further investigation.&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Sinking Could Be Widespread Along The High-Priced Celeb-Studded Shoreline</h2>
The Porsche Design Tower has been home to several celebrities, including soccer legend <a href="https://www.benzinga.com/news/24/07/39777763/argentina-wins-copa-am-rica-in-dramatic-final-as-messis-era-nears-end">Lionel Messi</a>, Carlos &#8220;CarGo&#8221; González, the star player of the Colorado Rockies, Mexican billionaire Carlos Peralta Quintero and rapper Birdman, who rented in the tower, the building's website reported. One of the tower&#8217;s main attractions is the internal garage lift system, which allows ultimate privacy by enabling cars to be parked outside the owner&#8217;s apartments – which, in the wake of the subsidence fears, adds considerable weight to the building. However, no determination has been made at this point concerning the sinking rate of individual buildings according to their height and weight. According to NPR.org, scientists said preliminary data also suggests sinking or settling further north along the beaches of Broward and Palm Beach counties.
Should the subsidence continue and different sections of affected buildings subside at different rates, scientists fear foundation cracks, utility breaks and long-term damage could occur.&nbsp;
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Real Estate

That Sinking Feeling: A New Study Shows That Super High Apartment Buildings Like Miami's Porsche Design Tower Are Slipping Into The Ground

<a href="https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24" title="https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24">https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24</a>

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