Latest news for PeakBirch Commerce (OTC:PKBFF) Stock

PeakBirch Commerce Inc is engaged in the distribution of vaporizers and accessories for aromatherapy and other purposes. Its geographical segments include United States, Canada, and United Kingdom .

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Concerned shareholders of Akanda Corp. (NASDAQ: AKAN) have replaced a majority of the board of directors of the corporation, with highly-qualified and motivated directors.

Akanda Shareholders Take Matters Into Their Hands - Replace A Majority Of Directors

PEAKBIRCH COMM INC by PEAKBIRCH COMM INC.

PeakBirch Commerce Inc

WIIM

Toyota shares are trading higher following a recent report suggesting the company is seeking a 20% return-on-equity target. The stock may also be reacting to the Nissan-Honda merger agreement.

Biotech

General

ASMB

Assembly Biosciences Reports Interim Phase 1b Results From Trial Evaluating ABI-4334 In Chronic Hepatitis B; Says ABI-4334 Was Well Tolerated And Showed Mean Reduction Of 2.9 log IU/mL In Plasma HBV DNA Over 28 Days Of Treatment

Delivering 5x Power Efficiency Boost For AI And Blockchain, Showcasing Innovation In High-Performance Energy-Efficient Solutions

Nano Labs Unveils FPU3.0 ASIC Architecture With 3D DRAM Stacking

The reverse stock split will become effective at 12:01 a.m. Eastern Time on Monday, December 30, 2024, and the Company's common stock will commence trading on the Nasdaq on a post-split basis at the opening of the market on December 30, 2024, pending confirmation by the Depository Trust Company and the Nasdaq.&nbsp;
The Company expects that the reverse stock split, which was approved by the Company's stockholders on November 27, 2024, will increase the price per share of the Company's common stock, and is part of the Company's strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq.
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Stock Split

JNVR

Janover Plans To Effect 1-For-8 Reverse Stock Split Of Its Common Stock

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) <a href="https://www.benzinga.com/24/12/42657620/amd-and-micron-top-analyst-picks-for-ai-and-next-gen-tech-growth">shares</a> have underperformed Nasdaq 100 despite gaining AI market share this year. Should you buy or sell the stock as its technical analysis indicates a downtrend? Here&#8217;s what analysts are saying about the stock. 
What Happened: The technical analysis of daily moving averages indicates a bearish trend.
The stock ended at $126.29 apiece on Tuesday. This was above its eight-day simple moving average of $123.48. However, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, its current stock price was lower than the 20-day moving average of $130.77, 50-day moving average of $140.38 and its 200-day moving average of $154.50.
This implies that the stock is in a downtrend. On the other hand, the relative strength index of 40.31 suggests the stock&#8217;s movement is neutral and it is not yet in an overbought or an oversold zone.
<figure class="wp-block-image size-large"><a href="pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart-1024x576.png" alt="" class="wp-image-707497" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071556/amd-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/24/12/42680125/nvda-could-go-up-to-170-in-q1-after-breaching-145-level-as-traders-turn-bullish-on-jensen-huangs-ai-giant">NVDA Could Go Up To $170 In Q1 After Breaching $145 Level As Traders Turn Bullish On Jensen Huang&#8217;s AI Giant </a>
Why It Matters: AMD&#8217;s 2024 was mixed. New GPUs drove strong data center growth, gaining share against Nvidia&#8217;s H100 due to availability and pricing advantages. However, gaming and embedded segments decelerated, impacting overall growth.
According to <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">Benzinga</a>, AMD has a consensus &#8216;buy&#8217; with a price target of $195.07 based on the ratings of 30 analysts.
The highest price target out of all the analysts <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">tracked </a>by Benzinga is $265 issued by Melius Research with a &#8216;buy&#8217; rating on March 8. According to the analysts at Melius, AMD is mirroring Nvidia Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) past success. This is despite a recent price target increase, expected by market observers. While AMD&#8217;s growth is significant, it&#8217;s not seen as threatening Nvidia&#8217;s dominance. Nvidia&#8217;s broader ecosystem and market expansion benefit AMD by creating a larger market for high-performance AI chips.
AMD is one of <a href="https://www.benzinga.com/24/12/42657620/amd-and-micron-top-analyst-picks-for-ai-and-next-gen-tech-growth">Rosenblatt</a>'s top picks for the first half of 2025 on momentum in CPU and GPU share gains into 2025 and a broader non-AI recovery exiting 2025. The difference entering 2025 is that the Street acknowledges this dynamic, which has legs for double-digit market share in GPU compute and AI inference at the edge, being a secular opportunity on Xilinx incumbency and chiplet prowess.
The lowest target price was a downgrade from &#8216;buy&#8217; to &#8216;neutral&#8217; from BofA Securities. It was adjusted to $155 from $180 per share on Dec. 9. It predicts AMD will hold a small 4% of the $200 billion AI accelerator market in 2025, significantly trailing Nvidia&#8217;s dominant 80%+ share. This, coupled with potential PC processor market weakness in the first half of 2025, raises concerns for AMD&#8217;s future performance.
The average price target of $164.33 between Morgan Stanley, BofA Securities, and Mizuho implies a 30.81% upside for Nvidia.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/AMD/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="361" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071348/AMD-ANR-.png" alt="" class="wp-image-707495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071348/AMD-ANR-.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071348/AMD-ANR--300x115.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26071348/AMD-ANR--768x294.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
Price Action: Shares of AMD were down 0.24% at $125.99 per share in premarket on Thursday. The stock was down 8.87% this year underperforming the Nasdaq 100, which rose by 31.76% this year.
Read Next:
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</ul>
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Technicals

Reiteration

Analyst Ratings

Trading Ideas

NVDA

Should You Buy or Sell This Nvidia Rival? Analysts Weigh In As Technicals Signal A Downtrend

Welltower's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) short percent of float has fallen 5.38% since its last report. The company recently reported that it has 10.09 million shares sold short, which is 2.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.9 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>Welltower Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735218024_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Welltower 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 Welltower'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>, Welltower's peer group average for short interest as a percentage of float is 7.65%, 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.

Short Sellers

Short Ideas

WELL

Looking Into Welltower's Recent Short Interest

Glaukos's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) short percent of float has fallen 3.61% since its last report. The company recently reported that it has 2.57 million shares sold short, which is 7.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.63 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>Glaukos Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735218018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Glaukos 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 Glaukos'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>, Glaukos's peer group average for short interest as a percentage of float is 3.70%, 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.

GKOS

(GKOS) - Analyzing Glaukos's Short Interest

According to a report issued by Realtor.com, counties switching their presidential votes from Biden to Trump in 2024 might see accelerated home price growth over the next four years.
The report, drawn from a study by the Journal of Real Estate Research, examined home prices and presidential election results across six elections from 2000 to 2020. Data showed that flipping to successful nonincumbent candidates <a href="https://www.benzinga.com/real-estate/24/11/41747603/30-less-than-blue-swing-state-home-prices-align-with-red-states-says-realtor-com">outperformed other markets in home value appreciation</a>.
Realtor identified 84 counties nationwide that shifted from Biden in 2020 to Trump in 2024, ranging from Florida&#8217;s Miami-Dade County to Montana&#8217;s Blaine County along the Canadian border.
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&#8220;These counties you identified could potentially experience superior housing performance following the election,&#8221; lead author Eren Cifci, assistant professor of finance at Austin Peay State University, told Realtor.com.
The pattern held regardless of political party. Areas supporting whichever nonincumbent candidate won the White House showed stronger price performance in subsequent years.
Federal spending often follows electoral shifts. &#8220;The rival party may recognize the critical role these counties played in securing their victory. Consequently, they might invest in these areas and work to improve living conditions to maintain voter support in future elections,&#8221; Cifci said.
Local engagement also drives growth. Communities voting for change often see increased civic participation, volunteerism and economic activity, which lift property values.
See Also: Unlock the hidden potential of commercial real estate —<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=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
The research found no notable price impacts in counties flipping to incumbent winners or losing candidates. Cifci emphasized the findings indicate potential trends rather than guarantees.
Current market conditions vary widely among the 84 counties. Georgia&#8217;s Baldwin County saw November median list prices rise 53% year-over-year to $356,250, while Florida&#8217;s Miami-Dade County dropped 9.2% to $634,000.
The study primarily focused on how home prices, rather than the reverse, influence elections. Counties with strong price appreciation supported incumbents, while underperforming markets favored challengers.
&#8220;People feel more financially wealthy if they have a lot of housing equity,&#8221; said co-author Alan Tidwell, associate professor at the University of Alabama. &#8220;How financially wealthy they feel really impacts their sense of financial and economic well-being.&#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>Price swings <a href="https://www.benzinga.com/markets/24/12/42572520/2025-housing-market-looks-like-a-year-of-struggle-for-states-like-builders-now-hold-record-inventory?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate">show broad regional variation</a>. California&#8217;s Inyo County rose 4.9% to $562,450, while Montana&#8217;s Blaine County fell 43.79% to $120,000. Texas markets showed similar disparity – Culberson County jumped 75.71% to $264,450 as Hidalgo County declined 3.55% to $270,000.
The study tracked 84 counties across 27 states. Florida and Texas led with the most flipped counties at six and 10 respectively. California followed with seven counties switching their presidential preference.
Historical data suggests infrastructure spending increases often follow changes in voting patterns. Past election cycles saw upticks in road improvements, federal construction projects and housing development in areas that helped secure presidential victories.
Market analysts note the findings align with broader economic patterns linking political shifts to regional development. However, local market conditions, employment rates and population growth remain primary drivers of home values.
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<li>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></li>
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Real Estate

84 Counties That Flipped To Trump Could See Home Prices Rise Faster

PulteGroup's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) short percent of float has fallen 11.82% since its last report. The company recently reported that it has 4.59 million shares sold short, which is 2.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.5 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>PulteGroup Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735218012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PulteGroup 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 PulteGroup'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>, PulteGroup's peer group average for short interest as a percentage of float is 10.07%, 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.

Looking Into PulteGroup's Recent Short Interest

This agreement provides Hoth with exclusive rights to a jointly owned patent portfolio co-developed by the VA and Emory University.
Under the terms of the agreement, Hoth Therapeutics will have exclusive rights to develop, market, and commercialize products and processes derived from the licensed patents. The VA and Emory University have granted Hoth this license to further develop the technology with the goal of ensuring the benefits of this innovation are accessible to the widest audience possible.
Hoth has also entered into an agreement to further protect its intellectual property by signing an LOI to acquire additional provisional patent protection for its lead therapeutic HT-001. The additional intellectual property expands HT-001's reach to other cancer therapeutics.

HOTH

Hoth Therapeutics Enters Exclusive Patent License Agreement With US Department Of Veterans Affairs

Morgan Stanley analyst Eric Serotta maintains Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) with a Equal-Weight and maintains $42 price target.

CELH

Morgan Stanley Maintains Equal-Weight on Celsius Holdings, Maintains $42 Price Target

Honda Motor shares are trading higher after the company recently announced it agreed to begin discussions and consideration toward a business integration with Nissan Motor.

Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares are surging up over 100% premarket Thursday after it reported a 43% year-on-year<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42680917/zoomcar-revamps-website-amid-43-booking-surge-in-november-driven-by-rising-wedding-demand" rel="noreferrer noopener"> increase in November bookings</a>.
The year-over-year growth was driven by strong demand during India&#8217;s robust wedding season.
Zoomcar has upgraded its website to deliver a user-friendly booking experience comparable to its mobile app, assuming a similar growth trend as the upcoming holiday season approaches.
This enhancement aims to expand and diversify the company&#8217;s booking channels to tap into a wider market opportunity.
Zoomcar has upgraded its website to better serve infrequent travelers, adding sections for offers, curated car lists, guest stories, and city-specific travel options.
The revamped site also boasts a fresh design, updated color scheme, and a streamlined homepage for an improved user experience.
Hiroshi Nishijima, CEO, Zoomcar, said,&nbsp;&#8220;At Zoomcar, we are deeply committed to enabling hassle-free travel experiences for our Guests and our focus remains on providing Guests a Zoomcar to drive anytime, anywhere.&#8221;
&#8221;Our website enhancements are a testament to our dedication to listening to our customers and evolving to meet their needs. We&#8217;re proud to see such a strong response for self-drive car sharing and are excited to continue empowering Guests to explore their destinations with freedom and flexibility.&#8221;
Last week, Zoomcar launched Zoomcar Cabs pilot in Bengaluru, adding chauffeur-driven <a target="_blank" href="https://www.benzinga.com/news/small-cap/24/12/42614274/from-self-drive-to-chauffeur-delight-zoomcar-cabs-tests-the-waters-in-bengaluru" rel="noreferrer noopener">options to its self-drive model</a>.
Last month, Zoomcar reported a significant reduction in second-quarter net loss per share, declining to $4.43 per share from $2,568.82 per share <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41964697/zoomcar-reports-significant-profitability-improvement-in-its-second-quarter-financial-2024-results" rel="noreferrer noopener">in the same quarter of the previous year</a>.
Bookings increased by 7% to 105,160 from 97,970 in the previous quarter, driven by a 1.5x increase in the guest repeat booking rate.
Price Action: ZCAR shares are up 104.9% at $2.93 premarket at the last check Thursday.
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</ul>

Small Cap

Movers

ZCAR

Zoomcar Stock Zooms Over 100% On Booking Surge And Website Upgrades: Details

Shares of Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) rose sharply in today's pre-market trading after it reported a 43% year-on-year growth in bookings for November 2024, primarily driven by increased wedding <a href="https://www.benzinga.com/quote/ZCAR/news">season demand</a>.
Zoomcar shares jumped 142% to $3.46 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) gained 161% to $0.5775 in pre-market trading. SciSparc said AutoMax received its first shipment of vehicles manufactured by Anhui Jianghuai Automobile Group.</li>
<li>Millennium Group International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIH#NASDAQ">MGIH</a>) gained 153% to $3.8800 in pre-market trading after gaining 10% on Tuesday.</li>
<li>Color Star Technology Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) rose 94% to $4.20 in pre-market trading after the company announced a prominent member of the UAE&#8217;s royal family, has joined the company as an independent director.</li>
<li>SMX (Security Matters) Public Limited Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NYSE">SMX</a>) shares jumped 69.3% to $0.3690 in pre-market trading.</li>
<li>reAlpha Tech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) gained 48% to $2.04 in pre-market trading after jumping around 10% on Tuesday.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) rose 35.7% to $0.2851 in pre-market trading after gaining around 24% on Tuesday.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 36.3% to $0.9689 in pre-market trading after surging around 36% on Tuesday.</li>
<li>China Yuchai International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYD#NYSE">CYD</a>) gained 25.8% to $12.32 in pre-market trading after gaining more than 5% on Tuesday.</li>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) rose 17.8% to $1.12 in pre-market trading after falling around 8% on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Hour Loop, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOUR#NASDAQ">HOUR</a>) shares tumbled 30.5% to $3.0600 in pre-market trading after jumping 203% on Tuesday.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) fell 28.8% to $6.52 in pre-market trading. Carbon Revolution shares jumped 135% on Tuesday after the company announced it has reached an agreement with OIC for a further $25 million in financing to support the ongoing liquidity of the business.</li>
<li>SaverOne 2014 Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) declined 25.7% to $1.12 in pre-market trading after jumping around 63% on Tuesday.</li>
<li>Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) fell 25.7% to $5.26 in today's pre-market trading after jumping 310% on Tuesday.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares dipped 25.1% to $1.64 in pre-market trading. Meiwu Technology regained compliance with Nasdaq Listing Rule, which requires ordinary shares to maintain minimum bid price.</li>
<li>Luokung Technology Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKCO#NASDAQ">LKCO</a>) dipped 21.1% to $1.3500 in pre-market trading after gaining over 4% on Tuesday.</li>
<li>TCTM Kids IT Education Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares fell 21.1% to $0.5979 in pre-market trading.</li>
<li>Brera Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) fell 18.1% to $0.8190 in pre-market trading after gaining over 42% on Tuesday.</li>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares fell 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) fell 10% to $10.21 in pre-market trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42669200/wall-streets-most-accurate-analysts-give-their-take-on-3-utilities-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields</a></li>
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Pre-Market Outlook

AIRE

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TCTM

Why Zoomcar Shares Are Trading Higher By Around 142%; Here Are 20 Stocks Moving Premarket

Amid a booming interest in artificial intelligence, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has witnessed an unprecedented surge in retail investor dollars in 2024. This influx has positioned Nvidia as the most-purchased stock by individual investors, overtaking other popular equities.
What Happened: Retail traders have injected nearly $30 billion into Nvidia this year, as of Dec. 17. This amount is almost twice the net inflows compared to the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), a broad U.S. market benchmark, CNBC <a href="https://www.cnbc.com/2024/12/25/nvidia-sees-remarkable-influx-of-retail-investor-dollars-as-traders-flock-to-ai-darling.html">reported</a> on Thursday
The allure of Nvidia for retail investors stems from its robust performance and leadership in artificial intelligence. The stock has surged over 180% in 2024, elevating it into the elite group of companies with market caps exceeding $3 trillion.
See Also: <a href="https://www.benzinga.com/24/12/42664623/cathie-wood-led-ark-invests-monday-moves-dumps-tesla-palantir-stock-adds-amazon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood-Led Ark Invest&#8217;s Monday Moves: Dumps Tesla, Palantir Stock, Adds Amazon</a>
Vanda Research&#8217;s Marco Iachini highlighted that Nvidia&#8217;s stock has outperformed Tesla Inc. , the previous retail favorite, due to its remarkable price gains. Despite some recent volatility, Nvidia remains a crucial holding for many individual investors, with its weight in the average portfolio increasing significantly this year.
Why It Matters: The surge in retail investment in Nvidia comes ahead of the company&#8217;s upcoming CES 2025 keynote is anticipated to be a<a href="https://www.benzinga.com/markets/24/12/42677149/nvidia-ces-2025-keynote-how-to-watch-jensen-huang-unveil-the-rtx-5000-series-gpus"> major tech event.</a> The keynote, led by CEO Jensen Huang, is expected to unveil the RTX 5000 Series GPUs, further solidifying Nvidia&#8217;s position as a leader in the AI and tech space. This event is generating significant excitement in the tech community.
at a time when the company is making significant strides in the tech industry. Recently, Nvidia shares saw a boost following the Biden administration&#8217;s announcement of a trade investigation into China&#8217;s semiconductor industry. The investigation<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42660079/nvidia-shares-are-on-the-rise-today-whats-going-on">, focusing on China&#8217;s production</a> and trade practices for &#8220;legacy&#8221; semiconductors, could lead to increased U.S. tariffs, potentially benefiting U.S. semiconductor producers. 
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42679707/bitcoin-ethereum-gain-dogecoin-slips-as-sentiment-turns-positive-on-christmas-analyst-throws-reality-check-for-overexcited-participants?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Rise, Dogecoin Slides Amid Positive Christmas Sentiment: Analyst Cautions $110K Target For BTC Possible Only When&#8230;</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

TSLA

Nvidia Surpasses Tesla As Retail Investors' Top Pick In 2024: Individual Shareholders Pour Nearly $30B Into Jensen Huang's AI Giant

Electric vehicle sales are expected to outperform combustion engine vehicle sales in China in 2025, outrunning the pace of EV adoption in the U.S. and Europe.
What Happened: Beijing had set a target in 2020 for EVs to account for 50% of car sales by 2035. However, as <a href="https://www.ft.com/content/0ebdd69f-68ea-40f2-981b-c583fb1478ef">per</a> Financial Times, the target would be reached next year, ten years ahead of schedule.
As per the report, EV sales in China, including battery electric vehicles and plug-in hybrids (together referred to as new energy vehicles or NEVs), will rise by 20% year-on-year to over 12 million cars next year.
Combustion engine vehicle sales, meanwhile, will fall by over 10% to less than 11 million, the report said, citing estimates by investment banks UBS and HSBC and research groups Morningstar and Wood Mackenzie.
This marks a stark contrast to the situation in Europe and the U.S. where EV demand is slowing down. 
Why It Matters: China is the world&#8217;s biggest car market and also Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/24/12/42308566/tesla-researcher-sees-drop-in-sales-in-europe-us-bring-down-global-deliveries-in-2024-despite-rise-in-china">second biggest market after the U.S. </a>Major EV players in China will likely benefit from the rise in demand next year including BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), Tesla, Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and others.
BYD, for instance, held 34.5% of China&#8217;s new energy market in the January-November period. Geely seconded BYD with an 8% market share and Tesla held the third position with a 6% market share.
According to data from the China Passenger Car Association, BYD sold 417,232 new energy passenger vehicles in China in November on retail. Tesla and Geely sold 73,490 and 120,896 new energy vehicles, respectively, in the period. 
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>
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<li><a href="https://www.benzinga.com/tech/24/12/42668333/tesla-model-x-lucid-gravity-or-rivian-r1s-which-three-row-electric-suv-is-a-better-buy" target="_blank" rel="noreferrer noopener">Tesla Model X, Lucid Gravity Or Rivian R1S: Which Three-Row Electric SUV Is A Better Buy?</a></li>
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Photo courtesy: Tesla

Global

Tech

BYDDY

GELYY

China's EV Industry Likely To Outpace US And Allies, But Elon Musk's Tesla Could Still Make Gains

Billionaire entrepreneur and popular television personality Mark Cuban is a well-known Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) bull.
Over the years, the "Shark Tank" investor has used social media to voice favorable opinions about the meme cryptocurrency
What happened: In one such conversation on X back in Jan. 2022, Cuban argued that DOGE had greater transactional utility than Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world's largest cryptocurrency.
"If you think you should HODL BTC because it is the future, why would you ever spend it," Cuban remarked in response to arguments about Bitcoin&#8217;s advantages in conducting fast and secure transactions.
<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">If you think you should hodl BTC because it is the future, why would you ever spend it? With DOGE, you are buying into a community that is fun. If it goes up in value, there are lots of places to spend it and it&#39;s like getting a discount. It&#39;s a non perishable lottery ticket
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1480774546047311873?ref_src=twsrc%5Etfw">January 11, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"With DOGE, you are buying into a community that is fun. If it goes up in value, there are lots of places to spend it and it&#8217;s like getting a discount," the celebrity investor stated.&nbsp;
He also called DOGE a "non-perishable lottery ticket," emphasizing the speculative but utility aspect of the popular meme coin.
Meanwhile, data indicated Bitcoin&#8217;s popularity as a transaction medium. In November, Bitcoin had a nearly <a href="https://www.bitpay.com/stats" target="_blank" rel="noreferrer noopener">28% share</a> in total transactions recorded on the platform, compared to just 5.52% for DOGE,  according to the world's largest crypto payment service provider, BitPay.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42665539/north-korean-hackers-suspected-presence-triggers-over-500-million-in-outflows-from-crypto-exchange">North Korean Hackers&#8217; Suspected Presence Triggers Over $500 Million In Outflows From Crypto Exchange</a>
When Cuban voiced this opinion, one unit of DOGE was priced at $0.153689. So, if you got swayed by his words and invested $1,000, it would have fetched you 6506.64 units of the cryptocurrency.
Today, one DOGE is worth $0.3247. This means that your stash would be worth $2112.70 at current market prices, marking a return of 111%.
Why It Matters: Unlike many top voices, Cuban has put his money where his mouth is.
During his tenure as the principal owner of the professional basketball team Dallas Mavericks, he<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36835819/mark-cubans-crypto-ama-dallas-mavericks-say-yes-to-doge-printer-go-brrr-his-crypto-holding"> started accepting Dogecoin as payment</a> for tickets and merchandise. In an<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36835819/mark-cubans-crypto-ama-dallas-mavericks-say-yes-to-doge-printer-go-brrr-his-crypto-holding"> AMA session in January</a>, Cuban confirmed that the Mavs still accept the meme coin.
As of this writing, he doesn&#8217;t hold any DOGE in his cryptocurrency portfolio, according to <a href="https://platform.arkhamintelligence.com/explorer/entity/mark-cuban">data</a> from on-chain analytics firm Arkham Intelligence.
Apart from DOGE, Cuban <a href="https://www.benzinga.com/general/entertainment/24/12/42545829/mark-cuban-expresses-sympathy-for-hawk-tuah-girl-amid-meme-coin-controversy-wasnt-something-she-fully-understood">doesn't support investments</a> in meme coins, describing them as a "game of musical chairs with money."
Price Action: At the time of writing, DOGE was exchanging hands at $0.3247, down 2.08% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of MicroStrategy plummeted 8.78% to $332.23 during Monday&#8217;s regular session but were up 1.35% in pre-market trading.
The stock has a consensus price target of $449.5 based on the ratings of 12 analysts, with an average price target of $546.67 between Bernstein, TD Cowen, and Barclays.
Image via Flickr
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

Mark Cuban Once Preferred Dogecoin Over Bitcoin For Settling Transactions: Here's How Much You'd Have Today If You Put $1000 In The Memecoin When He Made That Remark

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) on Thursday announced that holders of its 0.50% Convertible Senior Notes due 2027 have the right to require the company to repurchase their Notes, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42680925/nio-inc-announces-repurchase-right-notification-for-0-50-convertible-senior-notes-due-2027" rel="noreferrer noopener">or any portion thereof, on February 1, 2025.</a>
As of December 25, there was $378.525 million in aggregate principal amount of the Notes outstanding. If all Notes are repurchased, the total cash payment would amount to $378.525 million.
The Repurchase Right is available from 9:00 a.m. on December 30, 2024, until 5:00 p.m. on January 30, 2025.
The repurchase price will be equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest up to, but excluding, the Repurchase Date.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42679707/bitcoin-ethereum-gain-dogecoin-slips-as-sentiment-turns-positive-on-christmas-analyst-throws-reality-check-for-overexcited-participants" rel="noreferrer noopener">Bitcoin, Ethereum Rise, Dogecoin Slides Amid Positive Christmas Sentiment: Analyst Cautions $110K Target For BTC Possible Only When&#8230;</a>
As February 1, 2025, falls on a Saturday, the repurchase will occur on the next business day, February 3, 2025
The company will file a Tender Offer Statement with the SEC, and the terms and conditions for exercising the Repurchase Right will be made available through the Depository Trust Company and the paying agent, The Deutsche Bank Trust Company Americas.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 51% in the past year. Investors can gain exposure to the stock via&nbsp;KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>).
In other news, NIO's sub-brand Firefly is generating significant attention in China. The Firefly mobile app reached over 100,000 user registrations within 72 hours of launching,<a target="_blank" href="https://www.benzinga.com/tech/24/12/42681165/nios-onvo-brand-helps-spur-delivery-growth-with-cheaper-offering" rel="noreferrer noopener"> marking a strong start</a>. However, the user base predominantly consists of individuals who are not part of NIO or its other sub-brand Onvo, suggesting that Firefly is expanding its appeal beyond existing NIO customers, <a target="_blank" href="https://cnevpost.com/2024/12/25/firefly-app-6-figure-user-registrations-72-hours/" rel="noreferrer noopener">reports</a> CnEV Post. This growth could help the company broaden its customer base in the future.
Price Action: NIO shares are trading higher by 0.22% premarket at $4.64 last check Thursday.
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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</ul>
Photo by Sundry Photography on Shutterstock.

Media

KARS

NIO Announces Repurchase Opportunity For Convertible Senior Notes Due 2027; Firefly App Gains Traction In China

This solution is being designed to offer unparalleled security, traceability, and durability, and to set a new standard in electronic component protection.
SMX believes that its technology's ability to provide authentication will extend into the burgeoning market of wearable and flexible electronics. This growing sector includes applications such as smartwatches, fitness trackers, medical devices, health monitoring solutions and flexible displays.

SMX (Security Matters)  Reveals Integration Of Its Cutting-Edge Technology To Mark And Protect NFC And RFID Chips

ZCAR: 193% &#x7C; <a href="https://www.benzinga.com//node/42680931">Zoomcar Reports 43% Booking Surge, Revamps Website Ahead of Holiday Rush</a>
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ADD: 161% &#x7C; <a href="https://www.benzinga.com//node/42681122">Color Star Technology Says Shaikh Humaid Abdulla Rashed Ahmed Almualla, A Prominent Member Of The UAE Royal Family, Has Joined As An Independent Director</a>
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TCRX: 30% &#x7C; <a href="https://www.benzinga.com//node/42681408">TScan Therapeutics Enters Securities Purchase Agreement With Lynx1 Capital, Investment Fund Advised By Lynx1 For Sale Of $30M Of Pre-funded Warrants To Buy Up To Aggregate Of 7.50M Shares Of Voting Common Stock At $4.00 Per Pre-funded Warrant</a>

TCRX

Market-Moving News for December 26th

PeakBirch Commerce

Concerned shareholders of Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) have replaced a majority of the board of directors of the corporation, with highly-qualified and motivated directors.

The concerned shareholders of the corporation collectively own or control approximately 54.1% of the issued and outstanding common shares of Akanda, and on June 22nd passed a written resolution of the shareholders of the corporation pursuant to the provisions of the Business Corporations Act (Ontario) removing each of Louisa Mojela, Philip van den Berg, Charles Ki&eacute;, Gila Jones, Gugu Dingaan and Bridget Baker as directors of the corporation, and electing each of Harvinder Singh, Mohsen Rahimi, Jatinder Dhaliwal and Kathryn Field to fill the vacancies created thereby, to serve the remaining terms of the outgoing directors, or until their successors are elected or appointed.

The actions taken follow an initial outreach to the former board of directors of Akanda by David Jenkins, a long-standing shareholder of the corporation. Jenkins, through his wholly-owned holding company 1306077 B.C. Ltd., owns approximately 6.8% of the issued and outstanding Akanda shares.

Jenkins stated: &quot;As a long-term investor in Akanda, I wish to see Akanda managed prudently and professionally, with a view to the long-term best interests of the corporation. I am grateful for the support of my fellow shareholders who shared my concerns, and I look forward to a brighter future for all Akanda shareholders.&quot;

It is expected that the new board of directors of Akanda will soon meet to pass necessary resolutions following the reconstitution of the board concerning certain governance matters, including with respect to the committees of the board and to attend to such other transitional matters as may be required, and that the foregoing will be announced by the corporation in short order.

Harvinder Singh

Singh&#39;s long career has spanned over 30 years where he has worked as a CEO, COO and as product director for companies such as Ergolab, Lighting Manufacturing, Transact Network, Heathrow Medical Services among many others. Singh is regarded highly as a branding expert with a focus on European and far-East markets and has shown numerous occasions the ability to increase the penetration of products into markets by honing and improving them for individual markets and users.

Mohsen Rahimi

Rahim has management experience in a broad range of sectors, including commercial, retail and international import and export, having held senior positions at Kowsar Holdings and Tin95 Holdings, which are both private investment firms. In addition to now being a director of Akanda, Rahimi is a director of Modern Plant Based Foods Inc. (OTCPK:MDRNF) and Peakbirch Commerce Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/PKBFF#OTCQB">PKBFF</a>), both Canadian Securities Exchange listed issuers, and Binovi Technologies Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BNVIF#OTCQB">BNVIF</a>), a TSX Venture Exchange listed issuer.

Jatinder Dhaliwal

Jatinder Dhaliwal is a registered pharmacist, and has significant capital markets experience. He has served as CEO and director of multiple publicly traded cannabis companies. He has served as a director of a licensed producer and extractor. He has extensive knowledge in agricultural, medical and pharmaceutical operations. Dhaliwal is a certified medical cannabis practitioner. He has overseen operations of numerous retail and commercial operations and implemented various health protocols and technology advances into health and wellness chains.

Katharyn Field

Field is currently president of Halo Collective, Inc. (NEO:HALO) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/HCANF#OTCQX">HCANF</a>), a position she has held since February 2020. From April 2019 through February 2020, Field served as chief strategy officer at HALO. Field&#39;s resume includes senior positions at notable companies and institutions such as The White House, The Brookings Institution, and Bain &amp; Company. Field operated a strategy consulting practice focused on cannabis and also worked at MariMed in 2018 as executive vice president of corporate development. Halo, of which Field is the president, holds approximately 41% of the voting securities of Akanda.

Tej Virk, a director and the current CEO of Akanda will remain in his position with the corporation.

Photo by <a href="https://unsplash.com/@timberfoster?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Tim Foster</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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<a href="https://www.benzinga.com/markets/cannabis/22/05/27249907/halo-collective-q1-2022-revenue-slightly-drops" target="_blank">Halo Collective Q1 2022 Revenue Slightly Drops, Announces Significant Reductions</a>

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