Latest news for  (OTC:IRGRF) Stock

<a href="https://apnews.com/article/cruise-gm-nhtsa-general-motors-odi-48591349c24c6f969c07c65f1ed4e9d8">https://apnews.com/article/cruise-gm-nhtsa-general-motors-odi-48591349c24c6f969c07c65f1ed4e9d8</a>
U.S. automobile safety regulators are closing their preliminary investigation into General Motors' Cruise robotaxis without taking further action.
The National Highway Traffic Safety Administration said that the Office of Defects Investigation opened a preliminary evaluation in October 2023 to determine whether vehicles equipped with an Automated Driving System made and operated by Cruise LLC were using appropriate caution around pedestrians in the roadway after receiving two reports of crashes involving pedestrians. The office also identified two public reports of Cruise ADS-equipped vehicles encroaching on pedestrians in crosswalks.
GM, which bought control of San Francisco-based <a href="https://apnews.com/925365734720410fbe3c26ab6ce9ab0e">Cruise automation</a> in 2016, had one incident on October 2, 2023. The crash involved one of its Cruise robotaxis dragging a pedestrian to the side of a San Francisco street. The crash prompted Cruise to <a href="https://apnews.com/article/cruise-robotaxi-suspends-operations-gm-73f27ef959afe1e201e61f0fd31802d5">suspend driverless operations</a> nationwide after California regulators found that its cars posed a danger to public safety. The state's Department of Motor Vehicles <a href="https://apnews.com/article/driverless-cars-cruise-california-robotaxis-8aa872f6b87bbff59e9c86471e87b0e7">revoked the license</a> for Cruise, which was transporting passengers without human drivers <a href="https://apnews.com/article/robotaxis-cruise-waymo-san-francisco-artificial-intelligence-98f0dab03984bd71685b92c2ac7aad0c">throughout San Francisco</a>.
The agency said Tuesday that it analyzed 2,759 reports identified by Cruise that involved collisions, including 1,113 that involved a "pedestrian conflict." Five of those incidents involved a collision between a Cruise and a pedestrian, with three injuries in total.

News

Legal

'NHTSA Closes Preliminary Investigation Into General Motors' Cruise Robotaxis' - AP News

WIIM

NRGV

Energy Vault shares are trading higher after the company announced a partnership with NuCube Energy.

Rumble shares are trading higher after Maxim Group initiated coverage on the stock with a Buy rating and a price target of $20.

PLMKU

Trading Halt: Halt status updated at 10:35:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

JMP Securities analyst Silvan Tuerkcan maintains Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) with a Market Outperform and raises the price target from $34 to $41.

Price Target

Analyst Ratings

EXEL

JMP Securities Maintains Market Outperform on Exelixis, Raises Price Target to $41

JMP Securities analyst Patrick Walravens reiterates BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) with a Market Outperform and maintains $86 price target.

Reiteration

JMP Securities Reiterates Market Outperform on BlackLine, Maintains $86 Price Target

TDUP

ThredUp shares are trading higher after Telsey Advisory Group maintained an Outperform rating on the stock and raised its price target from $2 to $3.

- cbdMD, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#NYSE">YCBD</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YCBDPA#NYSE">YCBDPA</a>), a leading and highly trusted CBD company known for its flagship brands cbdMD and Paw CBD, as well as its innovative functional mushroom brand ATRx Labs, today announced that the Company has fully satisfied the accrued interest and principal associated with its Senior Secured Convertible Notes. As of January 14, 2025, there are 6,262,833 shares of the Company's common stock issued and outstanding.

Offerings

YCBD

YCBDPA

cbdMD Has Fully Satisfied The Accrued Interest And Principal Associated With Its Senior Secured Convertible Notes. As Of January 14, 2025, There Are 6,262,833 Shares Of The Company's Common Stock Issued And Outstanding

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is eyeing a march toward the $100,000 mark following <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">CPI data that aligned with market expectations</a>. 
What Happened: The report has rekindled optimism across markets, with the S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) &#8211; gaining 1.7%. 
Major cryptocurrencies have surged across the board:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$99,251.48</td>
<td>+2.6%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$3,304.57</td>
<td>+3.1%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$194.45</td>
<td>+4%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td> $2.97</td>
<td>+15.4%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.367</td>
<td>+4.6%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00002198</td>
<td>+2.4%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Lark Davis, a Bitcoin investor and entrepreneur, noted that Bitcoin &#8220;is loving&#8221; the macroeconomic data released.
Prominent technical analyst Kevin observed that the cooler CPI figures reduced yields and the dollar's strength, boosting asset prices. 
He remains cautious about whether this trend can be sustained.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CPI comes in at 2.9% as expected.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is loving it. <a href="https://t.co/EqYJ0KMByQ">pic.twitter.com/EqYJ0KMByQ</a>
&mdash; Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1879522899771498565?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Robin Brooks commented on the benign core CPI reading for December, with underlying inflation <a href="https://x.com/robin_j_brooks/status/1879522953987342551">trending</a> at 0.25% month-over-month. 
He expects a temporary uptick in Q1 2025 due to seasonal price resets, <a href="https://x.com/robin_j_brooks/status/1879523749252514190">echoing</a> patterns seen in early 2023 and 2024.
What's Next: Crypto trader Jelle now marks $97,000 turning into support and with prices pushing towards $100,000 he <a href="https://x.com/CryptoJelleNL/status/1879524740219728355">concluded</a> "Break that, and all bets are off."
Glassnode <a href="https://x.com/glassnode/status/1879483017220997356">data</a> highlighted that the BTC price action validated two key levels flagged by on-chain data. 
It sees support at $89,000 which aligns with Short-Term Holder Realized Price ($88,500). 
Resistance is below $98,000 which is largest accumulation level above spot.
As Bitcoin inches closer to the psychological $100,000 barrier, the market remains divided on whether the rally will be sustained. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42998035/bitcoin-adoption-still-early-blackrock-says">Bitcoin Adoption Still Early, BlackRock Says</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XRP

Bitcoin Up To $99,000 'Is Loving' Inflation Data Release, XRP, Dogecoin Follow Higher

Macro Economic Events

Econ #s

Economics

USA Gasoline Inventories 5.852M Barrel Build Vs 2.670M Barrel Build Est.; 6.330M Barrel Build Prior

Quantum-Si's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NYSE">QSI</a>) short percent of float has risen 145.97% since its last report. The company recently reported that it has 23.65 million shares sold short, which is 23.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Quantum-Si Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736955023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Quantum-Si has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Quantum-Si's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Quantum-Si's peer group average for short interest as a percentage of float is 5.28%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(QSI) - Analyzing Quantum-Si's Short Interest

EIA Weekly Distillates Stocks 3.077M Barrel Build Vs 1.000M Barrel Draw Est.; 6.071M Barrel Build Prior

EVgo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NYSE">EVGO</a>) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 34.67 million shares sold short, which is 27.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EVgo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736955017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EVgo has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing EVgo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EVgo's peer group average for short interest as a percentage of float is 9.06%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

EVGO

(EVGO) - Analyzing EVgo's Short Interest

Ascendis Pharma's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NYSE">ASND</a>) short percent of float has fallen 5.74% since its last report. The company recently reported that it has 3.42 million shares sold short, which is 8.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ascendis Pharma Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736955011_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ascendis Pharma has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ascendis Pharma's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ascendis Pharma's peer group average for short interest as a percentage of float is 11.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ASND

Looking Into Ascendis Pharma's Recent Short Interest

Macro Notification

General

USA Crude Oil Inventories 1.962M Barrel Draw Vs 3.500M Barrel Draw Est. 0.959M Barrel Draw Prior

Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) has outperformed the market over the past 5 years by 50.39% on an annualized basis producing an average annual return of 62.71%. Currently, Vertiv Hldgs has a market capitalization of $49.23 billion. 
Buying $1000 In VRT: If an investor had bought $1000 of VRT stock 5 years ago, it would be worth $11,405.22 today based on a price of $131.16 for VRT at the time of writing.
<h3>Vertiv Hldgs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736955007_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 Vertiv Hldgs 5 Years Ago Would Be Worth This Much Today

Maxim Group analyst Tom Forte initiates coverage on PSQ Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSQH#NYSE">PSQH</a>) with a Buy rating and announces Price Target of $8.

Initiation

PSQH

Maxim Group Initiates Coverage On PSQ Holdings with Buy Rating, Announces Price Target of $8

The PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/PNC/earnings">opening bell on Thursday, Jan. 16, 2025.</a>
Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at $3.31 per share, up from $3.16 per share in the year-ago period. PNC Financial projects to report revenue of $5.5 billion for the recent quarter, compared to $5.36 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 3, PNC declared a dividend of $1.60 per share on common stock.
PNC Financial shares gained 1.7% to close at $195.71 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PNC/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Compass Point analyst David Rochester maintained a Neutral rating and raised the price target from $175 to $233 on Dec. 10, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and boosted the price target from $190 to $210 on Dec. 6, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Piper Sandler analyst Scott Siefers maintained a Neutral rating and raised the price target from $200 to $220 on Dec. 3, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Buy rating and raised the price target from $200 to $235 on Nov. 25, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Wells Fargo analyst Whit Mayo maintained an Overweight rating and boosted the price target from $215 to $235 on Nov. 15, 2024. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying PNC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="497" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-1024x497.png" alt="" class="wp-image-734168" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-1024x497.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-768x373.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/42992639/how-to-earn-500-a-month-from-state-street-stock-ahead-of-q4-earnings">How To Earn $500 A Month From State Street Stock Ahead Of Q4 Earnings</a></li>
</ul>

Earnings

Markets

PNC Financial Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Politics

Global

STLA

Michigan Governor Warns Potential Trump Tariffs On Autos, Parts From Canada, Mexico Could Boost China, Harm U.S. Auto Sector

ACON

Aclarion shares are trading lower after the company announced a $14.4 million public offering of common stock and warrants.

iShares Russell 1000 Growth UCITS ETF USD (Acc)

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