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Pre-market: Palantir guida i rialzi con un +9,6%, mentre SunPower e Chegg mostrano cali significativi. Scopri i dettagli.

Chi sale e chi scende: i maggiori movimenti nel pre-market di oggi

SunPower Corp

SUNPOWER ORD

SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares are trading lower Tuesday. The company announced it received a Nasdaq <a href="https://www.benzinga.com/pressreleases/24/08/n40325660/sunpower-announces-nasdaq-delisting-notification">delisting notification on Monday.</a>
The Details:
The delisting is a result of SunPower&#8217;s failure to demonstrate compliance with Nasdaq Listing Rules after filing voluntary petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code and failure to file periodic financial reports.
Trading in the company&#8217;s stock on Nasdaq will be suspended on Aug. 16, 2024. As a result, the company&#8217;s common stock is expected to commence trading on the Pink Open Market, commonly referred to as the &#8220;pink sheets."
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40325158/buzzfeed-stock-soars-after-q3-results-heres-why">BuzzFeed Stock Soars After Q2 Results: Here&#8217;s Why</a>
Last week, the struggling solar company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware and disclosed an <a href="https://www.benzinga.com/markets/equities/24/08/40195054/sunpower-files-for-bankruptcy-seeks-buyer-for-key-assets">asset purchase agreement</a> with Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) in which Complete Solaria will acquire SunPower's Blue Raven Solar business, New Homes business, and non-installing Dealer network.
<h2 class="wp-block-heading">Should I Sell My SPWR Stock? </h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of SunPower have lost 97.55% year to date. This compares to the average annual return of -79.35%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. SunPower stock currently has an RSI of 8.05, indicating oversold conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
SPWR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SunPower shares are down 13% at 17 cents at the time of publication Tuesday.
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<li><a href="https://www.benzinga.com/news/24/08/40317625/why-jetblue-airways-stock-is-falling-sharply">Why JetBlue Airways Stock Is Falling Sharply</a></li>
</ul>
Image: Shutterstock

Penny Stocks

CSLR

What's Going On With SunPower Stock Ahead Of Delisting?

Shares of Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) rose sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/08/40324773/rumble-q2-earnings-highlights-revenue-beat-eps-beat-3-million-more-monthly-users-as-2024-election-d">better-than-expected second-quarter financial results.</a>
Rumble reported second-quarter revenue of $22.5 million, up 27% sequentially. The revenue figure beat a Street consensus estimate of $19.69 million, according to data from Benzinga Pro. The company reported a loss of 13 cents per share, which beat a Street consensus estimate of a loss of 15 cents per share.
Rumble shares jumped 7.1% to $6.16 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) rose 136.7% to $0.2353 in today's pre-market trading after dipping around 14% on Monday.</li>
<li>MKDWELL Tech Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) gained 54.1% to $1.71 in pre-market trading after falling 17% on Monday.</li>
<li>CXApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares rose 54.1% to $2.28 in pre-market trading after the company reported highlights from the second quarter and announced a multi-year agreement with Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud.</li>
<li>Plby Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) gained 25.5% to $0.74 in pre-market trading. PLBY Group, last week, reported worse-than-expected second-quarter financial results.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) gained 22.2% to $4.35 in pre-market trading. Hesai Group is expected to report second quarter financial results on Monday, Aug. 19.</li>
<li>Psychemedics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMD#NASDAQ">PMD</a>) gained 20.5% to $2.22 after the company announced that it approved a plan to cease the registration of its stock under the federal securities laws following the completion of a proposed reverse stock split and to delist its shares of common stock from trading on the Nasdaq.</li>
<li>Orgenesis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGS#NASDAQ">ORGS</a>) jumped 18.3% to $0.80 in pre-market trading after declining 7% on Monday.</li>
<li>HUYA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>) gained 8.5% to $4.84 in pre-market trading after the company reported second-quarter results and declared a special dividend of $1.08 per ADS.</li>
<li>PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) shares gained 8.2% to $35.00 in pre-market trading following a second-quarter revenue beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Syros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) shares declined 56.4% to $2.18 in pre-market trading as the company announced plans to discontinue enrollment in SELECT-AML-1 Phase 2 clinical trial.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 21.5% to $0.1570 in pre-market trading. SunPower revealed the receipt of notice from Nasdaq about delisting company&#8217;s common stock.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) declined 20.9% to $1.82 in pre-market trading after jumping around 128% on Monday.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares declined 18.8% to $9.33 in pre-market trading. On Monday, Greenlane announced the pricing of $6.5 million private placement priced at-the-market under Nasdaq rules.</li>
<li>FSD Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUGE#NASDAQ">HUGE</a>) shares fell 15.2% to $0.1102 in pre-market trading after dipping 35% on Monday.</li>
<li>Yatra Online, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) shares fell 14.2% to $1.33 in pre-market trading after reporting weak quarterly sales.</li>
<li>Conifer Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) fell 13.3% to $1.04 in pre-market trading. Conifer Holdings is exp to hold second quarter earnings conference call on Aug. 144.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) fell 8.6% to $36.15 in today's pre-market trading following mixed second-quarter financial results.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.</li>
</ul>
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</ul>

CNFR

CXAI

GNLN

GOOG

GOOGL

HSAI

MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

HUYA

MKDW

ONON

ORGS

PACS

PLBY

PSIG

SYRS

VSAT

YTRA

Why Rumble Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

Trading in the Company&#39;s common stock on Nasdaq will be suspended on&nbsp;August 16, 2024.&nbsp;As a result, the Company&#39;s common stock is expected to commence trading on&nbsp;the &quot;pink sheets&quot;.

SunPower Reveals Receipt Of Notice From Nasdaq About Delisting Company's Common Stock

SolarWinds Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) will replace SunPower Corp. (NASD: SPWR) in the S&amp;P SmallCap 600 effective prior to the opening of trading on&nbsp;Friday, August 9. SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&amp;P SmallCap 600.

Reported Earlier, SolarWinds To Join S&P SmallCap 600, Replacing SunPower Following Bankruptcy Filing

The bankruptcy of solar giant SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) may be a good thing for <a href="https://www.benzinga.com/news/earnings/24/07/40051107/first-solar-reports-strong-q2-results-eps-beat-sales-up-24">a solar industry </a>that has faced headwinds such as higher interest rates, inflation and tariff disputes with China, according to an investor.
&#8220;The industry will be a bit healthier by weeding out the weaker players like SunPower,&#8221; Rob Uek, co-CEO and senior portfolio manager focused on clean energy and tech for Essex Investment.&nbsp; 
&#8220;SunPower had been ceding market share over the past number of years, so it isn't the biggest installer anymore, but the market share they did have will be picked up by the survivors,&#8221; he told Benzinga on Tuesday.
&#8220;It is sad to see the company file for bankruptcy, but it is also not surprising as there have been a number of red flags over the past few years:&nbsp;continued losses, accounting misstatements, concerns about its ability to continue as a going concern, resignation of its auditor, resignation of its CEO and finally, suspension of financing leases.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40195054/sunpower-files-for-bankruptcy-seeks-buyer-for-key-assets">SunPower Files For Bankruptcy, Seeks Buyer For Key Assets</a>
SunPower agreed to sell assets including its BlueRaven Solar installation unit and new homes businesses to Complete Solaria Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLRW#NASDAQ">CSLRW</a>) as a stalking horse buyer for $45 million, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-06/former-manufacturing-giant-sunpower-files-for-bankruptcy?sref=TBDibEcD">reported</a>. It asked the court to approve the deal by the end of September.
SunPower has about $2 billion in long-term debt and has been struggling since October to avoid potential defaults under various financing arrangements, the company said.
&#8220;We are starting to feel a bit better about the solar industry given that a number of these macro headwinds are abating and most of the concerns are more than priced into the stocks of many of the industry players,&#8221; Uek said.
SunPower&#8217;s Chapter 11 bankruptcy, which was filed in court on Monday, should not be viewed as a negative reflection on the solar industry, Guggenheim Securities analyst Joe Osha said.
&#8220;We want to be clear — the vast majority of SPWR's difficulties are specific to the company,&#8221; he wrote in a note on Tuesday.
&#8220;If anything, the disappearance of a large firm could provide opportunities for competitors.&#8221;
SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) plans to report second-quarter earnings on Wednesday.
SPWR Price Action: SunPower dropped 44.79% to close at 35 cents on Tuesday.
Read Now: 
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<li><a href="https://www.benzinga.com/news/24/06/39466956/why-solaredge-stock-is-tanking-after-hours">Why SolarEdge Stock Is Tanking After-Hours</a></li>
</ul>
Photo: Leopictures from Pixabay

Analyst Color

CSLRW

SEDG

SunPower Bankruptcy Could Make Solar Industry 'A Bit Healthier,' Investor Says

SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&amp;P SmallCap 600

SolarWinds To Replace SunPower In S&P SmallCap 600, Effective Prior To The Opening Of Trading On August 9

SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares are trading lower after the company disclosed an asset purchase agreement with Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), where Complete Solaria will acquire SunPower&#8217;s Blue Raven Solar business, New Homes <a href="https://www.benzinga.com//node/40176928">business, and non-installing Dealer network.</a>
Under the APA, pending Court approval, Complete Solaria will acquire the assets and assume certain liabilities for $45 million in cash.
Simultaneously, SunPower and its subsidiaries filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, allowing other parties to submit competing bids for its assets.
SunPower seeks Court approval to finalize the deal by mid to late September and plans to continue <a href="https://www.benzinga.com//node/40187631">selling its remaining assets under Section 363 of the U.S. Bankruptcy Code.</a>
SunPower has requested Court approval to use prepetition cash collateral for funding operations and administrative expenses during Chapter 11.
The company is filing motions to ensure it can meet employee obligations and expects these requests to be approved. After an expedited sale process, SunPower plans to liquidate remaining assets and wind down operations efficiently.
Tom Werner, Executive Chairman at SunPower said, &#8220;In light of the challenges SunPower has faced, the proposed transaction offers a significant opportunity for key parts of our business to continue our legacy under new ownership.&#8221;
&#8220;We are working to secure long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders, and partners.&#8221;
Last month, SunPower shares took a hit after the company informed clients it was halting product shipments and<a target="_blank" href="https://www.benzinga.com/news/24/07/39891006/sunpower-stock-attempts-to-bounce-back-whats-going-on" rel="noreferrer noopener"> deactivating lease and power purchase agreements</a>.
Price Action: SPWR shares are down 22.5% at $0.6260 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39848987/sunpower-shares-plummet-amid-operational-pauses-analyst-downgrade" target="_blank" rel="noreferrer noopener">SunPower Shares Plummet Amid Operational Pauses, Analyst Downgrade</a></li>
</ul>

Equities

Asset Sales

Small Cap

SunPower Files For Bankruptcy, Seeks Buyer For Key Assets

WIIM

SunPower shares are trading lower after the company announced that it entered into an asset purchase agreement with Complete Solaria

Complete Solaria Received A Coveted "Stalking Horse" Position In The SunPower Chapter 11 Bankruptcy, Discusses Acquisition Opportunity

Shares of Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40172453/palantir-q2-earnings-revenue-beat-eps-beat-customer-count-up-41-driven-by-strength-in-us-commercial">second-quarter results</a>.
Palantir reported second-quarter revenue of $678.13 million, beating the consensus estimate of $652.1 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Palantir reported second-quarter adjusted earnings of 9 cents per share, beating analyst estimates of 8 cents per share.
Palantir Technologies shares surged 9.6% to $26.40 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) rose 79.1% to $2.56 in today's pre-market trading after dipping over 12% on Monday.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 44.8% to $3.75 in pre-market trading after the company announced it secured $5 billion in new business from companies seeking to quickly secure their fiber capacity.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) gained 28.7% to $0.25 in pre-market trading after tumbling over 22% on Monday.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) jumped 27% to $0.0725 in pre-market trading after falling more than 5% on Monday.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) shares gained 26.6% to $0.1570 in pre-market trading after dipping 18% on Monday.</li>
<li>Rxsight Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) shares gained 22.7% to $50.00 in pre-market trading after the company posted upbeat second-quarter sales and raised its FY24 revenue forecast.</li>
<li>Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares rose 15.3% to $15.70 in pre-market trading after falling around 7% on Monday.</li>
<li>Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares gained 13% to $3.39 in pre-market trading after the company reported better-than-expected second-quarter sales results and announced a $1.5 billion public investment fund commitment.</li>
<li>DDC Enterprise Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDC#NYSE">DDC</a>) shares rose 10.8% to $0.5159 in pre-market trading following around 13% surge on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 24.6% to $0.61 in pre-market trading. SunPower announced a $45 million asset sale to complete Solaria and filed Chapter 11 to maximize asset value.</li>
<li>Chegg Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares declined 18.7% to $2.38 in pre-market trading following second-quarter results.</li>
<li>Actinium Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNM#NASDAQ">ATNM</a>) declined 15.3% to $2.10 in pre-market trading after dipping 60% on Monday. On Monday, the FDA determined that Actinium Pharmaceuticals&#8217; Phase 3 SIERRA trial is not adequate to support a Biologics License Application (BLA) filing for Iomab-B despite its statistically significant primary endpoint.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) shares declined 15.2% to $8.31 in pre-market trading after the company reported worse-than-expected financial results for the second quarter and announced a management transition. The company announced that CFO Cameron Hyzer will step down from his role. Hyzer will remain in an advisory capacity until Oct. 7 to help facilitate a smooth transition. Graham O&#8217;Brien has been named interim CFO, effective Sept. 6.</li>
<li>Helport AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPAI#NASDAQ">HPAI</a>) shares fell 15.2% to $7.15 in pre-market trading after declining 24% on Monday.</li>
<li>TenX Keane Acquisition (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENK#NASDAQ">TENK</a>) fell 14.1% to $31.00 pre-market trading. TenX Keane shares jumped 193% on Monday after shareholders approved the combination with Citius Pharma&#8217;s oncology subsidiary.</li>
<li>Upexi Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) fell 12.4% to $0.25 in today's pre-market trading.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) shares fell 11.8% to $0.4010 in pre-market trading after declining 18% on Monday.</li>
<li>Trio Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPET#NYSE">TPET</a>) shares fell 11.2% to $0.2594 in pre-market trading after gaining more than 19% on Monday.</li>
<li>Sumitomo Mitsui Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) fell 10.5% to $10.80 in pre-market trading after declining around 4% on Monday.</li>
</ul>
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Why Palantir Technologies Shares Are Trading Higher By Around 10%; Here Are 20 Stocks Moving Premarket

<ul>
<li>Files voluntary Chapter 11 petitions to effectuate the proposed transaction</li>
<li>Intends to operate Blue Raven Solar and New Homes through the Chapter 11 process</li>
<li>Pursues value-maximizing sale transactions for remaining assets</li>
</ul>
&nbsp;

Reported Earlier, SunPower Announces $45M Asset Sale To Complete Solaria, Files Chapter 11 To Maximize Asset Value

AREB

CNTM

ELWS

EVEX

EVTL

FRGT

FTAI

GTLS

GWAV

HOVR

ICFI

IESC

KITT

PIXY

PMEC

PRIM

PXDT

RELX

SDST

SGLY

SHIM

SNCY

SPIR

SPPL

VATE

VSTE

XPON

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Investors with a lot of money to spend have taken a bearish stance on SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPWR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for SunPower.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $322,750, and 2 are calls, for a total amount of $68,984.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.5 to $5.0 for SunPower over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SunPower's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SunPower's whale trades within a strike price range from $1.5 to $5.0 in the last 30 days. 
<h3>SunPower 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721841360_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.7</td>
<td>$4.35</td>
<td>$4.35</td>
<td>$5.00</td>
<td>$108.7K</td>
<td>400</td>
<td>250</td>
</tr>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$4.00</td>
<td>$67.0K</td>
<td>2.9K</td>
<td>200</td>
</tr>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.7</td>
<td>$1.3</td>
<td>$2.45</td>
<td>$3.00</td>
<td>$61.2K</td>
<td>738</td>
<td>250</td>
</tr>
<tr>
<td>SPWR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$0.06</td>
<td>$0.05</td>
<td>$0.06</td>
<td>$1.50</td>
<td>$37.3K</td>
<td>5.0K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.1</td>
<td>$1.35</td>
<td>$2.00</td>
<td>$33.7K</td>
<td>3.9K</td>
<td>251</td>
</tr>
</tbody>
</table>

<h3>About SunPower</h3>
SunPower is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers primarily in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company's sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers.
<h3>Where Is SunPower Standing Right Now?</h3>
<ul>
<li>With a volume of 22,944,831, the price of SPWR is up 11.22% at $1.04. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
<h3>What Analysts Are Saying About SunPower</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $0.972.
<ul>
<li>Consistent in their evaluation, an analyst from GLJ Research keeps a Sell rating on SunPower with a target price of $0. </li>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Sell rating on SunPower with a target price of $0. </li>
<li>An analyst from Susquehanna has decided to maintain their Neutral rating on SunPower, which currently sits at a price target of $2. </li>
<li>In a cautious move, an analyst from GLJ Research downgraded its rating to Sell, setting a price target of $1. </li>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Sell rating for SunPower, targeting a price of $0. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SunPower with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

A Closer Look at SunPower's Options Market Dynamics

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li>Goldman Sachs cut the price target for SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) from $2 to $0.5. Goldman Sachs analyst Brian Lee maintained a Sell rating. SunPower shares gained 5.4% to close at $0.7158 on Monday. <a href="https://www.benzinga.com/quote/SPWR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler increased the price target for Cathay General Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) from $32 to $36. Piper Sandler analyst Matthew Clark maintained an Underweight rating. Cathay General Bancorp shares gained 2.4% to close at $43.02 on Monday. <a href="https://www.benzinga.com/quote/CATY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. raised the price target for Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from $48 to $51. Stephens &amp; Co. analyst Terry McEvoy maintained an Equal-Weight rating. Zions Bancorporation shares rose 1% to close at $49.48 on Monday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays decreased Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $11 to $7. Barclays analyst Steve Valiquette maintained an Underweight rating. Walgreens shares gained 2.6% to close at $11.30 on Monday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods boosted the price target for D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) from $178 to $208. Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintained an Outperform rating. D.R. Horton shares gained 1.9% to close at $177.16 on Monday. <a href="https://www.benzinga.com/quote/DHI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital raised ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) price target from $200 to $204. RBC Capital analyst Craig Wong-Pan maintained a Sector Perform rating. ResMed shares gained 2% to close at $207.28 on Monday. <a href="https://www.benzinga.com/quote/RMD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) price target from $53 to $45. Deutsche Bank analyst James Shin maintained a Hold rating. Bristol-Myers Squibb shares rose 0.1% to close at $42.67 on Monday. <a href="https://www.benzinga.com/quote/BMY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $350 to $335. Baird analyst Shrenik Kothari maintained an Outperform rating. CrowdStrike shares fell 13.5% to close at $263.91 on Monday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) price target from $200 to $250. Baird analyst Tristan Gerra maintained an Outperform rating. QUALCOMM shares gained 4.7% to close at $194.97 on Monday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler increased Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) price target from $465 to $485. Piper Sandler analyst Brent Bracelin reiterated an Overweight rating. Microsoft shares gained 1.3% to close at $442.94 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39904913/how-to-earn-500-a-month-from-alphabet-stock-ahead-of-q2-earnings-report">How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings Report</a></li>
</ul>

Price Target

Analyst Ratings

CATY

CRWD

MSFT

QCOM

ZION

Microsoft To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday

Goldman Sachs analyst Brian Lee maintains SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) with a Sell and lowers the price target from $2 to $0.5.

Goldman Sachs Maintains Sell on SunPower, Lowers Price Target to $0.5

SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares are volatile Monday. The stock tumbled last week after the <a href="https://www.benzinga.com/news/24/07/39860503/sunpower-halts-operations-whats-going-on-with-the-stock">company halted shipments and solar installations.</a>
The Details:
SunPower shares fell more than 70% last week after the company informed clients it was halting product shipments and deactivating lease and power purchase agreements. SunPower cited its efforts to address financial challenges as the reason for these pauses, according to Reuters.
Several analysts have downgraded SunPower following the operational halt:&nbsp;
<ul>
<li>GLJ Research analyst Gordon Johnson downgraded SunPower to a Sell and slashed the price target from $1.61 to $0 last Thursday.</li>
<li>Citigroup maintained its Sell rating and lowered the price target from $2.50 to $0.25.</li>
<li>Mizuho downgraded SunPower from Neutral to Underperform and lowered the price target from $4 to $0.50.</li>
<li>JPMorgan Chase analysts led by Mark Strouse stated in a research note that they see the halt as a permanent stoppage for SunPower.&nbsp;</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake">Serve Robotics Stock Rises After Nvidia Discloses 10% Stake</a>
SunPower shares fell in early trading Monday, but have rebounded higher on heavy trading volume. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than 40 million shares have already been traded in Monday's session and 43.9% of shares are being sold short. Stocks with outsized short-interest can experienced increased volatility, especially when combined with heavy trading volume. 
<h2 class="wp-block-heading">How To Buy SPWR Stock: </h2>
By now you're likely curious about how to participate in the market for SunPower &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of SunPower, which is trading at $0.76 as of publishing time, $100 would buy you 131.58 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
SPWR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SunPower shares are up 5.1% at 71 cents at the time of publication Monday.
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</ul>
Image: Shutterstock

SunPower Stock Attempts To Bounce Back: What's Going On?

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Monday.
Following the market opening Monday, the Dow traded up 0.37% to 40,436.13 while the NASDAQ rose 1.10% to 17,921.40. The S&amp;P 500 also rose, gaining, 0.72% to 5,544.40.
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Leading and Lagging Sectors Information technology shares jumped by 1.3% on Monday.
In trading on Monday, energy shares fell by 0.2%.
Top Headline
The Chicago Fed National Activity index fell to 0.05 for June, versus previous reading of 0.23. However, analysts were expecting a reading of -0.09.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares shot up 135% to $1.62 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>Shares of Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) got a boost, surging 65% to $0.9402 after the company announced it will be acquired by Woodside Energy for approximately $900 million.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares were also up, gaining 55% to $11.69 fo after Nvidia last week disclosed a stake in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) shares dropped 23% to $0.4090 after surging 76% on Friday.</li>
<li>Shares of SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) were down 23% to $0.5247. SunPower reportedly paused new product shipments.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) was down, falling 18% to $2.77.</li>
</ul>
Also Check This Out <a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a>
Commodities In commodity news, oil traded down 0.6% to $79.68 while gold traded down 0.1% at $2,398.80.
Silver traded down 0.9% to $29.025 on Monday, while copper fell 1.3% to $4.1815.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.2%, Germany's DAX gained 1.4% and France's CAC 40 climbed 1.4%. Spain's IBEX 35 Index rose 0.7%, while London's FTSE 100 rose 0.8%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 1.16%, Hong Kong's Hang Seng Index gaining 1.25%, China's Shanghai Composite Index declining 0.61% and India's S&amp;P BSE Sensex declining 0.13%.
The annual inflation rate in Hong Kong rose to 1.5% in June from 1.2% in the prior month. The People&#8217;s Bank of China slashed one-year loan prime rate by 10bps to 3.35%.
Economics
The Chicago Fed National Activity index fell to 0.05 for June, versus previous reading of 0.23. However, analysts were expecting a reading of -0.09.
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Earnings

Eurozone

Commodities

MIRA

TELL

XCUR

Nasdaq Gains 1%; Chicago Fed National Activity Falls In June

Citigroup analyst Vikram Bagri maintains SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) with a Sell and lowers the price target from $2.5 to $0.25.

Citigroup Maintains Sell on SunPower, Lowers Price Target to $0.25

Shares of Selective Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) fell sharply during Friday's session following <a href="https://www.benzinga.com/quote/SIGI/earnings">weak quarterly results.</a>
Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.</li>
<li>60 Degrees Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTP#NASDAQ">SXTP</a>) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 51.3% to $3.98 after gaining over 12% on Thursday.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) gained 34% to $1.83.</li>
<li>Permianville Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) surged 15.4% to $0.9808.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.1% to $9.23 after jumping 53% on Thursday.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) climbed 13.6% to $4.1001.</li>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) gained 13.6% to $7.75.</li>
<li>MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NASDAQ">CURV</a>) gained 7.7% to $8.00.</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) rose 7.2% to $76.16 following upbeat quarterly results.</li>
<li>Kuke Music Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NASDAQ">KUKE</a>) gained 6.7% to $1.28.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.</li>
<li>Hyzon Motors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) fell 19.6% to $16.80.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) fell 18.1% to $0.1787 after gaining over 46% on Thursday.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) dipped 16.7% to $1.4995.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 15.7% to $0.0477.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) fell 13.9% to $0.6298.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 13.6% to $58.00.</li>
<li>Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) dipped 13.4% to $48.81 following second-quarter results.</li>
<li>Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) fell 11.4% to $6.11 following first-quarter results.</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) dipped 10.6% to $65.51 following weak quarterly sales.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) dipped 8.3% to $6.39.</li>
<li>Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) fell 8.1% to $99.82 following downbeat quarterly results.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) declined 5.6% to $208.32 following weak quarterly sales.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell 5.5% to $32.90.</li>
<li>Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) dipped 5% to $107.85.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859847/netflix-to-rally-more-than-10-here-are-10-top-analyst-forecasts-for-friday">Netflix To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Intraday Update

AEHL

AMIX

AUGX

CGBS

CRSR

CURV

GSUN

HIVE

HYZN

INTC

ISRG

JOBY

KUKE

MEDS

NAAS

ONCO

PLUG

SCHL

SIGI

SILO

SLNA

SLRX

SXTP

VRPX

Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Mizuho analyst Maheep Mandloi downgrades SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) from Neutral to Underperform and lowers the price target from $4 to $0.5.

Downgrades

Mizuho Downgrades SunPower to Underperform, Lowers Price Target to $0.5

SunPower (SPWR) has provided an update. SunPower Corporation, amidst financial struggles, has declared Chapter 11 bankruptcy to restructure its deb...

SunPower Restructuring: Bankruptcy, Asset Sale, Nasdaq Risks

Biggest stock movers today: UBER, PLTR, LCID, and more

Complete Solaria surges after acquiring some SunPower assets in $45M deal

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Toast Inc (TOST – Research Report), SunPower (SPWR...

Analysts Offer Insights on Technology Companies: Toast Inc (TOST), SunPower (SPWR) and BlackLine (BL)

In a report released today, Tristan Richardson from Scotiabank maintained a Hold rating on SunPower (SPWR – Research Report), with a price target o...

Scotiabank Reaffirms Their Hold Rating on SunPower (SPWR)

Conflicting goals often leads to the worst of both outcomes. That's what's happening with solar panels and EVs.

Another Green Energy Company Declares Bankruptcy, Thank Biden's Tariffs

The 1-Minute Market Report August 10, 2024

SunPower announces Nasdaq delisting notification

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers for Tuesday as we check out all of the hottest news moving shares this morning.



Moving stocks are several new deals, delisting notices and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Vicinity Motor (NASDAQ:<a href="https://investorplace.com/stock-quotes/vev-stock-quote/">VEV</a>) stock is rocketing more than 153% alongside heavy pre-market trading.</li>



<li>CXApp (NASDAQ:<a href="https://investorplace.com/stock-quotes/cxai-stock-quote/">CXAI</a>) shares are soaring over 61% after <a href="https://www.nasdaq.com/press-release/cxapp-inc-nasdaq-cxai-announces-largest-expansion-deal-strategic-multi-year-0">signing an expansion deal</a> with Google Cloud.</li>



<li>MKDWell Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/mkdw-stock-quote/">MKDW</a>) stock is surging more than 57% alongside <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318514393&amp;type=PDF&amp;symbol=MKDW&amp;cdn=59d6d4925634abb97d78eb6b63a094fb&amp;companyName=MKDWELL+Tech+Inc.&amp;formType=SC+13D&amp;formDescription=General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-08-12">new investment news</a>.</li>



<li>Pono Capital Two (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptwo-stock-quote/">PTWO</a>) shares are rising over 37% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318512443&amp;type=PDF&amp;symbol=PTWO&amp;cdn=c007f907da889b37797c3a70ef100ef9&amp;companyName=Pono+Capital+Two+Inc.&amp;formType=DEFM14A&amp;formDescription=Definitive+proxy+statement+relating+to+merger+or+acquisition&amp;dateFiled=2024-08-12">proposed merger plan</a>.</li>



<li>Psychemedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/pmd-stock-quote/">PMD</a>) stock is increasing more than 20% on <a href="https://www.nasdaq.com/press-release/psychemedics-corporations-board-directors-approves-plan-terminate-registration-its">plans to delist its shares</a>.</li>



<li>Hesai (NASDAQ:<a href="https://investorplace.com/stock-quotes/hsai-stock-quote/">HSAI</a>) shares are climbing over 19% without any clear news.</li>



<li>Roadzen (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdzn-stock-quote/">RDZN</a>) stock is heading more than 18% higher despite a lack of news today.</li>



<li>QT Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/qti-stock-quote/">QTI</a>) shares are getting an over 17% boost on Tuesday morning.</li>



<li>Adagio Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/adgm-stock-quote/">ADGM</a>) stock is jumping more than 17% without any recent news.</li>



<li>GCT Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) shares are up over 17% after <a href="https://www.nasdaq.com/press-release/gct-semiconductor-signs-mou-samsung-accelerate-development-4g-5g-chipsets-and-modules">signing an agreement</a> with Samsung.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Syros Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/syrs-stock-quote/">SYRS</a>) stock is crashing more than 58% on a <a href="https://www.nasdaq.com/press-release/syros-provides-update-select-aml-1-phase-2-clinical-trial-2024-08-12">Phase 2 clinical trial update</a>.</li>



<li>PS International (NASDAQ:<a href="https://investorplace.com/stock-quotes/psig-stock-quote/">PSIG</a>) shares are diving over 21% <a href="https://investorplace.com/2024/08/why-is-ps-international-psig-stock-up-64-today/">after a massive rally yesterday</a>.</li>



<li>SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) stock is tumbling more than 19% on a <a href="https://finance.yahoo.com/news/sunpower-announces-nasdaq-delisting-notification-205800088.html">Nasdaq delisting notification</a>.</li>



<li>Greenlane (NASDAQ:<a href="https://investorplace.com/stock-quotes/gnln-stock-quote/">GNLN</a>) shares are taking an over 18% beating after rallying yesterday <a href="https://investorplace.com/2024/08/why-is-greenlane-gnln-stock-up-210-today/">on Safety Strips news</a>.</li>



<li>Surf Air Mobility (NYSE:<a href="https://investorplace.com/stock-quotes/srfm-stock-quote/">SRFM</a>) stock is sliding more than 18% after announcing an <a href="https://www.tipranks.com/news/company-announcements/surf-air-mobility-announces-optimistic-ai-joint-venture">artificial intelligence (AI) joint venture</a>.</li>



<li>HNR Acquisition (NYSEMKT:<a href="https://investorplace.com/stock-quotes/hnra-stock-quote/">HNRA</a>) shares are decreasing close to 16% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318511957&amp;type=PDF&amp;symbol=HNRA&amp;cdn=eb4e7e579bfe6b9a9328f0eca81fc1b2&amp;companyName=HNR+Acquisition+Corp+Class+A&amp;formType=424B3&amp;formDescription=Prospectus+%5BRule+424%28b%29%283%29%5D&amp;dateFiled=2024-08-12">proposed secondary offering</a>.</li>



<li>FSD Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/huge-stock-quote/">HUGE</a>) stock is retreating over 15% <a href="https://investorplace.com/2024/08/fsd-pharma-is-up-216-today-what-is-going-on-with-huge-stock/">after a Monday rally</a>.</li>



<li>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) shares are dropping more than 15% <a href="https://investorplace.com/2024/08/why-is-interactive-strength-trnr-stock-up-59-today/">following a rally yesterday</a>.</li>



<li>Yatra Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/">YTRA</a>) stock is falling over 14% on a <a href="https://www.tipranks.com/news/company-announcements/yatra-online-reports-mixed-quarterly-performance">mixed earnings report</a>.</li>



<li>Conifer (NASDAQ:<a href="https://investorplace.com/stock-quotes/cnfr-stock-quote/">CNFR</a>) shares are down more than 12% ahead of an <a href="https://www.nasdaq.com/press-release/conifer-holdings-schedules-second-quarter-2024-earnings-conference-call-webcast">earnings conference call tomorrow</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/2024/08/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-aug-13th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
SunPower&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) stock is falling on Tuesday after the solar power company notified investors of <a href="https://finance.yahoo.com/news/sunpower-announces-nasdaq-delisting-notification-205800088.html">a delisting notice</a> from the Nasdaq Exchange.



Shares of SPWR stock are facing delisting due to the company&rsquo;s bankruptcy filing last week. On top of that, the company&rsquo;s late financial filing is another reason for the delisting notice.



SunPower won&rsquo;t be appealing this decision and its shares will be delisted from the Nasdaq Exchange on Aug. 16, 2024. The company notes that this will result in its shares moving to the Pink Open Market operated by the OTC Markets Group, Inc.



<h2>What This Means for SPWR Stock</h2>



With this change, investors won&rsquo;t be able to trade shares of SPWR stock as easily. The move to the OTC Market also reduces the company&rsquo;s exposure and could make it more difficult for it to obtain funding.



However, that&rsquo;s unlikely to be a problem for SunPower. The company is already planning to <a href="https://investorplace.com/2024/08/why-is-sunpower-spwr-stock-down-44-today/">wind down operations</a> with its bankruptcy. It has also lined up a buyer for its assets. All of this points toward the end of the company and justifies the delisting of SPWR stock.



SPWR stock is down 10.1% as of Tuesday morning. Traders will also note the stock was down 95.9% year-to-date when markets closed on Monday.



Investors will want to stick around for more of the most recent stock market news.



We have all of the hottest market happenings traders need to know about on Tuesday! That includes everything happening with shares of Syros Pharmaceuticals&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/syrs-stock-quote/">SYRS</a>) stock, CXApp&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cxai-stock-quote/">CXAI</a>)&nbsp;stock and Vicinity Motor&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/vev-stock-quote/">VEV</a>) stock today. You can read up on all of this news at the links below!



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/08/why-is-syros-pharmaceuticals-syrs-stock-down-62-today/">Why Is Syros Pharmaceuticals (SYRS) Stock Down 62% Today?</a></li>



<li><a href="https://investorplace.com/2024/08/why-is-cxapp-cxai-stock-up-65-today/">Why Is CXApp (CXAI) Stock Up 65% Today?</a></li>



<li><a href="https://investorplace.com/2024/08/why-is-vicinity-motor-vev-stock-up-141-today/">Why Is Vicinity Motor (VEV) Stock Up 141% Today?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/2024/08/why-is-sunpower-spwr-stock-down-10-today-aug-13th/">Why Is SunPower (SPWR) Stock Down 10% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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