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AGM Gr Hldgs (NASDAQ:AGMH) Stock, Option Chain

AGM Gr Hldgs

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.

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Chemomab Therapeutics Ltd. - American Depositary Shares

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Why Recursion Pharmaceuticals Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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MicroCloud Hologram Inc. - Ordinary Shares

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QBST

Shares of  Discover Financial Services (NYSE: DFS) shares rose sharply in today’s pre-market trading.

Why Discover Financial Services Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket

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Earnings

Analyst Ratings

FUTU

TIGR

It&#39;s often the case that smaller, arcane stocks can be among the winners in a portfolio. Hong Kong-based Futu Holdings Limited (NASDAQ: FUTU) is a financial technology company providing online brokerage and wealth management services to global investors and traders. 

Hong Kong Financial Firm Futu Surges 33.12% Amid Stimulus Hints

AGM Group Holdings Inc. - Class A Ordinary Shares

AGM Group Holdings Inc

Macro Economic Events

Economics

Fed's Daly Said Hear From Contacts The Economy Is In A Good Place, Labor Market Solid; Firms Are Saying They Can Find Workers, Workers Saying They Can Find Jobs, We Don't Want That To Break

B of A Securities analyst Lorraine Hutchinson maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Buy and lowers the price target from $95 to $90.

Price Target

B of A Securities Maintains Buy on Nike, Lowers Price Target to $90

Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares are diving premarket on Friday after a solid run on Thursday. The company launched Zoomcar Cabs<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42610892/zoomcar-launches-zoomcar-cabs-affordable-car-rentals-with-drivers-as-a-new-offering" rel="noreferrer noopener"> as a pilot program in Bengaluru, India</a>.
This new service offers commercial cars with professional drivers at competitive prices. Expanding beyond its self-drive model, Zoomcar aims to diversify its services and improve customer experiences by adding chauffeur-driven options.
Zoomcar Cabs was launched in response to customer demand for a reliable, transparent alternative to traditional cab services, with many guests comparing self-drive options to chauffeur-driven ones.
In the traditional cab market, customers often face uncertainty, only selecting a car category without knowing the exact model or condition.
Zoomcar addresses this with AI technology, allowing guests to choose specific models, view reviews, and set preferences for car age and condition.
The Zoomcar app provides full control over routes and stops, with bookings ranging from two hours to 30+ days. The Bengaluru pilot will test the model, with plans for expansion in 2025.
Hiroshi Nishijima, CEO, Zoomcar said, &#8220;The launch of Zoomcar Cabs reflects Zoomcar&#8217;s focus on listening to customer feedback and delivering tailored solutions with an added layer of transparency and flexibility that sets it apart from other apps.&#8221;
&#8221;Guests can effortlessly book their preferred vehicles, whether for self-drive or with a driver, all through the single Zoomcar app — eliminating the need for multiple apps to meet their travel needs.&#8221;
Price Action: ZCAR stock, which gained 92.4% to close at $2.54 on Thursday, is down 24.8% at $1.91 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42510434/nasdaq-surges-over-100-points-ny-empire-state-manufacturing-index-dips-in-december" target="_blank" rel="noreferrer noopener">Nasdaq Surges Over 100 Points; NY Empire State Manufacturing Index Dips In December</a></li>
</ul>

Equities

ZCAR

From Self-Drive To Chauffeur Delight: Zoomcar Cabs Tests The Waters In Bengaluru

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve&#8217;s <a href="https://www.benzinga.com/24/12/42610958/expecting-up-to-four-fed-rate-cuts-in-2025-says-this-analyst-despite-hawkish-powell-saying-it-was-close-on-the-decision-to-cut-or-not-heres-why">recent &#8220;hawkish&#8221; 0.25% rate cut</a> and a combination of profit-taking and technical market forces, according to industry experts.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has followed Bitcoin down, falling 16% to $3,115.
Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has seen an 18% drop, and BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) is down 12% at $618. 
Among the smaller altcoins, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has crashed by 28%, with Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and SUI (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>) each losing about 25% of their value over the last 24 hours.
Speaking with Benzinga, Forest Bai, Co-founder of Foresight Ventures, attributes this downturn to the Federal Reserve&#8217;s hawkish stance and reduced expectations for future rate cuts, which have tightened macro liquidity. 
&#8220;Bitcoin's recent pullback marks the first significant market adjustment since the post-U.S. election euphoria,&#8221; Bai stated, highlighting that such 20% corrections are typical in bull markets, offering a consolidation rather than a trend reversal. 
Despite the short-term volatility, Bai remains optimistic due to robust institutional inflows and on-chain data showing long-term holders capitalizing on liquidity to realize gains, with $2.1 billion in profits recorded.
However, the market dynamics aren&#8217;t just about monetary policy but also about investor behavior. 
Raj Kapoor from the Blockchain Governance Council told Benzinga that the recent rate cut, although anticipated, has had a profound effect on speculative assets like cryptocurrencies. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42585798/stephen-colbert-jokes-fartcoin-is-silent-but-wealthy-as-meme-coin-hits-1-billion-all-time-high-valuation">Stephen Colbert Jokes Fartcoin Is &#8216;Silent But Wealthy&#8217; As Meme Coin Hits $1 Billion All-Time High Valuation</a>
&#8220;The crypto crash isn't merely a tale of plummeting numbers but a series of interconnected forces,&#8221; Kapoor explains, pointing to profit-taking and panic selling, exacerbated by technical analysis indicating mean reversion and the Wyckoff Method phases. 
Despite the downturn, he sees potential recovery signals with Bitcoin&#8217;s cup-and-handle pattern, suggesting a future rally to $120,000, though he cautions about the possibility of further declines before a true recovery.
Alex Kuptsikevich, chief market analyst at FxPro, provides a grim outlook on the market&#8217;s trajectory, with the total crypto market cap losing 4.4% to $3.36 trillion in the last 24 hours, down over 11% from its peak. 
&#8220;Bitcoin is back below $100K, getting support at $96K on Friday morning,&#8221; he told Benzinga in a note, adding that a break below $94.5K could signal further bearish trends. 
The crypto market has liquidated $1.38 billion in the last day, with a significant $1.21 billion from long positions, indicating a sharp correction, according to <a href="https://www.coinglass.com/LiquidationData">data</a> from CoinGlass.
The current market scenario reflects a shift from speculative investments into areas like real-world asset tokenization and decentralized finance, as per Bai&#8217;s observations. 
This transition, while indicative of market maturation, has left Bitcoin and many altcoins vulnerable.
Despite these immediate challenges, the experts agree that the resilience of Bitcoin, still holding above critical psychological levels, combined with ongoing institutional interest and bullish medium-term market sentiment, suggest that this crash might be a temporary setback in a longer bull cycle.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42573095/bitcoin-reserve-could-call-us-solvency-into-question-critic-says-vaneck-exec-fires-back-this-is-loserthink">Bitcoin Reserve Could Call US Solvency Into Question Critic Says, VanEck Exec Fires Back: &#8216;This Is Loserthink&#8217;</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BNB

$BTC

$DOGE

$ETH

$SHIB

$SUI

$XRP

Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: What Is Going On?

On Friday, <a target="_blank" href="https://www.benzinga.com/topic/china" rel="noreferrer noopener">China&#8217;s central bank</a>, the People&#8217;s Bank of China (PBOC), decided to maintain its main benchmark lending rates amid efforts to support economic growth while managing a weakening yuan.
The one-year loan prime rate (LPR) remains at 3.1%, while the five-year LPR is steady at 3.6%, influencing corporate loans, household lending, and mortgages.
This decision aligned with expectations from a Reuters poll of 27 economists, CNBC <a target="_blank" href="https://www.cnbc.com/2024/12/20/china-pboc-keeps-benchmark-lpr-rates-steady-as-fed-signals-fewer-cuts-ahead.html" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42536024/taiwan-eyes-amazons-kuiper-as-starlink-faces-hurdles" rel="noreferrer noopener">Amazon&#8217;s Project Kuiper In Talks With Taiwan For Satellite Partnership</a>
The rate freeze comes after the U.S. Federal Reserve&#8217;s widely expected 25-basis-point rate cut earlier this week. The Fed also signaled only two rate reductions in 2025, fewer than previously anticipated.
Chinese tech barometer Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) traded lower on Friday. Other U.S.-listed Chinese stocks are also trading lower, including Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>).
Lower interest rates make borrowing cheaper for capital-intensive companies on an expansion drive, especially artificial intelligence technologies.
Analysts indicated to CNBC this development may influence global monetary policy but will likely have a limited direct impact on China&#8217;s easing trajectory. However, it could exacerbate pressures on the yuan, which is already under strain from economic challenges.
Economic data indicates that China continues to grapple with deflationary pressures, lackluster consumer demand, and a prolonged property market slump despite various stimulus measures initiated in recent months. China&#8217;s 2025 economic forecast encounters external challenges, such as geopolitical tensions, semiconductor restrictions, and tariff threats from U.S. President-elect Donald Trump.
Earlier this month, Chinese policymakers pledged to enhance monetary easing measures, including further rate cuts, to invigorate the economy. However, the <a target="_blank" href="https://www.benzinga.com/24/12/42508408/what-is-going-on-with-alibaba-jd-li-auto-xpeng-stocks-on-monday" rel="noreferrer noopener">PBOC held</a> rates steady in November following October&#8217;s modest reductions, opting for a cautious approach.
Yan Wang, Chief Emerging Markets and China Strategist at Alpine Macro, told CNBC that while further rate cuts might alleviate the yuan&#8217;s deflationary pressure, the government&#8217;s fiscal flexibility is more likely to drive economic recovery in the coming year.
Price Actions: At the last check on Friday, BABA stock is down 3.10% to $81.71. JD is down 2.53%, BIDU is down 1.85%, PDD is down 3.56%, and XPEV is down 3.15%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42536593/verizon-teams-up-with-nvidia-to-power-ai-apps-over-private-5g-networks" target="_blank" rel="noreferrer noopener">Verizon Teams Up With Nvidia To Power AI Apps Over Private 5G Networks</a></li>
</ul>
Photo by Eric Prouzet on Unsplash

Emerging Markets

Tech

Media

BABA

BIDU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

US-Listed Chinese Stocks Fall As China's Central Bank Keeps Key Rates Steady

Fed's Daly, Speaking on Bloomberg TV, Said Ultimately I Determined The 100 Bp To Now Was Right Place, Recalibration Phase Now Over

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Aquestive Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQST#NASDAQ">AQST</a>) with a Buy and maintains $10 price target.

Reiteration

AQST

HC Wainwright & Co. Reiterates Buy on Aquestive Therapeutics, Maintains $10 Price Target

BMO Capital analyst Etzer Darout downgrades Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) from Outperform to Market Perform and raises the price target from $36 to $40.

Downgrades

EXEL

BMO Capital Downgrades Exelixis to Market Perform, Raises Price Target to $40

IFRX

InflaRx Doses First Patient In Phase 2a Basket Study In Chronic Spontaneous Urticaria And Hidradenitis Suppurativa, Investigating Oral C5aR Inhibitor, INF904

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Alumis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>) with a Buy and maintains $26 price target.

ALMS

HC Wainwright & Co. Reiterates Buy on Alumis, Maintains $26 Price Target

BLDP

Ballard Announces Multiple Orders Totaling Over 6 MW Of Fuel Cell Engines For European Bus Market

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) with a Buy and maintains $10 price target.

SGMO

HC Wainwright & Co. Reiterates Buy on Sangamo Therapeutics, Maintains $10 Price Target

LODE

Comstock Sells Northern Mining Targets To Mackay Precious Metals Inc.  For An Aggregate Purchase Price Of $2.75M

Management

Travel Leisure Says CFO Michael A. Hug Notified His Intention To Retire During FY25

PMGC Holdings Inc. (formerly known as Elevai Labs Inc.) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) (before and after the redomestication, the "Company" or "we") announced today that it plans to effectuate a strategic reorganization effective on December 20, 2024. This reorganization will include changing the Company's name from Elevai Labs Inc. to PMGC Holdings Inc. and redomiciling from Delaware to Nevada. After this reorganization, the Company will continue to trade on The Nasdaq Stock Market&nbsp;("Nasdaq") under the ticker symbol "ELAB."&nbsp;The redomestication and name change will be effective on Nasdaq at the opening of business on December 23, 2024.

ELAB

Elevai Labs Inc. Announces Anticipated Name Change To PMGC Holdings Inc. And Redomicile To Nevada

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Friday announced a recall affecting nearly 700,000 vehicles, leading to a notable drop in its stock price during the premarket.
What Happened: Tesla experienced a 5.04% drop in its stock price during Friday&#8217;s premarket, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, after a recall of 694,304 vehicles in the U.S. due to a tire pressure monitoring system (TPMS) issue that could potentially increase the risk of accidents, as per NHTSA.
The TPMS warning light may&nbsp;fail to stay illuminated between drive cycles, potentially leaving drivers unaware of low tire pressure, as noted in the recall acknowledgment. This malfunction could lead to vehicles being operated with improperly inflated tires, heightening the risk of accidents.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42528919/how-to-earn-500-a-month-from-apple-stock-4?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Apple Stock</a>
The recall affects certain Model 3, Model Y, and Cybertruck vehicles.&nbsp;Tesla&nbsp;plans to address the issue through an over-the-air software update, minimizing disruption for owners. The automaker&#8217;s vehicles comprised&nbsp;21% of all U.S. recalls&nbsp;in the first three quarters&nbsp;of the year, as reported by recall management firm&nbsp;BizzyCar.
Meanwhile, Tesla has a consensus price target of&nbsp;$280.41&nbsp;based on the ratings of&nbsp;33&nbsp;analysts, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>. As per the&nbsp;three most recent analyst ratings were released by&nbsp;Baird, Mizuho, and Goldman Sachs, respectively. The average price target has been set at $446.67&nbsp;with an implied&nbsp;7.26%&nbsp;upside for Tesla from these most recent analyst ratings.
Despite the high number of recalls, most problems with&nbsp;Tesla&nbsp;vehicles are typically resolved via software updates. In the September quarter alone, the company recalled 1,858,774 vehicles, the most in the U.S. In November,&nbsp;Tesla&nbsp;recalled 2,400 Cybertruck units due to a faulty part that could cause power loss, marking the sixth recall for the model this year.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20071959/Screenshot-2024-12-20-at-5.49.31%E2%80%AFPM-1024x394.png" alt="" class="wp-image-701554" /></a></figure>
Why It Matters: The latest recall highlights ongoing challenges for&nbsp;Tesla&nbsp;in maintaining vehicle safety standards. The company has been proactive in addressing issues, often through software updates, but the frequency of recalls remains a concern. Notably,&nbsp;<a href="https://www.benzinga.com/tech/24/11/41934708/tesla-recalls-over-2400-cybertrucks-in-us">Tesla recently recalled over 2,400 Cybertrucks</a>&nbsp;due to a drive inverter fault that could lead to power loss, as reported by the National Highway Traffic Safety Administration (NHTSA). This issue was identified after a customer complaint in July, prompting an investigation and subsequent recall.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

TSLA

Tesla Stock Falls Over 5% During Pre-Market After Elon Musk-Led EV Giant Recalls Nearly 700,000 Vehicles

The most oversold stocks in the information technology 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">Axcelis Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>)</h3>
<ul>
<li>On Nov. 6, Axcelis Technologies posted better-than-expected quarterly earnings. President and CEO Russell Low commented, &#8220;Axcelis executed well in the third quarter with results relatively in-line with our expectations. While we anticipate a near term digestion of mature node capacity through the first half of 2025, customer engagement is strong and our long-term growth opportunity remains squarely intact highlighted by attractive secular growth in silicon carbide, a cyclical recovery in our memory and general mature markets, market share gains in advanced logic and regional penetration of the Japan market.&#8221; The company's stock fell around 9% over the past five days and has a <a href="https://www.benzinga.com/quote/ACLS">52-week low of $68.79</a>.</li>
<li>RSI Value: 29.60&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>ACLS Price Action: Shares of Axcelis Technologies fell 2.5% to close at $69.18 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122024&amp;t=be2bearmibe3na1"> latest ACLS 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=BZprocontent122024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20042416/image-176.png" alt="" class="wp-image-701292" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20042416/image-176.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20042416/image-176-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20042416/image-176-768x706.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 6, Wells Fargo analyst Joseph Quatrochi maintained the stock with an Overweight rating and lowered the price target from $220 to $210.. The company's stock fell around 4% over the past five days and <a href="https://www.benzinga.com/quote/AMAT">has a 52-week low</a> of $148.06.</li>
<li>RSI Value: 29.31</li>
<li>AMAT Price Action: Shares of Applied Materials fell 2.4% to close at $161.44 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122024&amp;t=be2bearmibe3na1"> trend in AMAT 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=BZprocontent122024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20043922/image-177.png" alt="" class="wp-image-701321" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20043922/image-177.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20043922/image-177-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20043922/image-177-768x709.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</h3>
<ul>
<li>On Dec. 11, Stifel analyst Nathan Jones maintained A.O. Smith with a Buy and lowered the price target from $91 to $90. The company's stock fell around 14% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/MCHP">low of $55.90</a>.</li>
<li>RSI Value: 27.86</li>
<li>MCHP Price Action: Shares of Microchip Technology fell 0.3% to close at $55.99 on Thursday.</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=BZprocontent122024&amp;t=be2bearmibe3na1">breakout in MCHP 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=BZprocontent122024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20044118/image-178.png" alt="" class="wp-image-701323" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20044118/image-178.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20044118/image-178-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20044118/image-178-768x705.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
Read More: 
<ul>
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Long Ideas

ACLS

MCHP

Top 3 Tech Stocks That Could Blast Off In Q4

Knife River Announced Today That It Has Entered Into A Definitive Agreement To Acquire Strata Corporation; Based On Strata's Projected 2025 Adj. EBITDA, The Purchase Price Of $454M Reflects A Multiple In The High Single Digits

The company entered securities purchase agreement with certain institutional investors for the purchase and sale of 3.33 million shares of common stock (or common stock equivalents) and warrants to purchase up to an aggregate of 5 million shares of its common stock at a combined public offering price of $1.50 per share of common stock (or common stock equivalent) and associated warrant in a registered direct offering.
The common warrants will have an exercise price of $1.50 per share, are exercisable immediately, and have a term of exercise equal to five years from the date of initial exercise.
The Company intends to use the net proceeds from this offering for general corporate purposes.

Offerings

FNGR

FingerMotion Enters Definitive Securities Purchase Agreement For $5M Registered Direct Offering

Quantum BioPharma Says It Diversified Treasury With The Purchase Of Usd $1M Of Bitcoin And Other Cryptocurrencies And To Allow For Future Financings And Other Transactions In Cryptocurrency

AGM Group Holdings (AGMH) has released an update. AGM Group Holdings Inc. has appointed Mr. Chong Chao Ma as the CEO of its Canadian subsidiary, ai...

AGM Holdings Appoints New CEO for Canadian Growth

AGM Group Holdings (AGMH) has released an update. AGM Group Holdings Inc. has successfully regained compliance with Nasdaq's minimum bid price requ...

AGM Group Holdings Regains Nasdaq Compliance

AGM Group Holdings files for mixed securities shelf

AGM Group Holdings (AGMH) has released an update. AGM Group Holdings Inc., a technology firm specializing in fintech and high-performance computing...

AGM Group Holdings Launches Joint AI and Crypto Venture

AGM Group Holdings (AGMH) has released an update. AGM Group Holdings experienced a significant downturn in revenues, plummeting by 88% for the firs...

AGM Group Holdings Reports Revenue Drop Amidst Rising Costs

An update from AGM Group Holdings ( ($AGMH) ) is now available. AGM Group Holdings has entered into a significant sales and purchase contract with ...

AGM Group Holdings Secures Major Product Contract with Canaan Creative

AGM Group Holdings (AGMH), through its wholly owned Hong Kong subsidiary AGM Technology, entered into a purchase agreement to acquire 2,000 units o...

AGM Group Holdings to acquire Bitcoin mining equipment from Canaan

AGM Group to acquire 2K units of Bitcoin mining equipment from Canaan

As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust t...

Crypto Currents: Activist investor Starboard takes stake in Riot

Earnings week ahead: FDX, NKE, CCL, BB, ACN, MU, and more

AMTM

AMZN

ARKR

AVXL

BTBT

CLSK

CMCM

CMPS

COIN

CORZ

CTAS

FCEL

GREE

IREN

LVRO

MARA

MLKN

MSFT

MSTR

NMTC

PAYX

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SDIG

WULF

Fintech

Press Releases

AGM Group Embarks on Strategic Upgrade to Accelerate Global Expansion

AGM Announces Establishment of Canadian Subsidiary, Accelerating Global Business Expansion

Contracts

AGMH Enters Strategic Partnership with AI Service Provider RDA to Construct AI Data Centers

AGM Group Receives Notification from Nasdaq Relating Delayed Filing of Form 20-F

AGM Group Announces Receipt of Notification from Nasdaq

AGM Group Holdings Inc. Appoints New Chief Executive Officer of Canadian Subsidiary to Expand in North American Crypto and Blockchain Market

Commodities

AGM Group Holdings Inc. Enters into Partnership Agreement with Nowlit to Facilitate Expansion in AI and Crypto Markets

AGM Group Holdings Inc. Announces Investment in Bitcoin Mining Equipment

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