La vendita allo scoperto per Seritage Growth Props dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Seritage Growth Props. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Seritage Growth Props (NYSE:SRG) Azioni, Report sulle vendite allo scoperto

Seritage Growth Props

Seritage Growth Properties is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States.

Seritage Growth Properties Class A Common Stock

Seritage Growth Properties

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Seritage Growth Properties 7.00% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest

News

Seritage Growth Properties Reports Voluntary Prepayment Of $25M Toward Its $1.6B Term Loan Facility Provided By Berkshire Hathaway

WIIM

Seritage Growth Properties shares are trading higher. The company reported Q2 financial results.

Seritage Growth Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) reported quarterly losses of $(1.82) per share. This is a 5.2 percent decrease over losses of $(1.73) per share from the same period last year.

Earnings

Seritage Growth Props Q2 EPS $(1.82) Down From $(1.73) YoY

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">RLJ Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>)</h3>
<ul>
<li>On May 1, RLJ Lodging posted better-than-expected quarterly sales. &#8220;Our first quarter RevPAR growth came in line with our expectations given the holiday shift and we once again exceeded the industry while gaining market share,&#8221; commented Leslie D. Hale, President and Chief Executive Officer. The company's stock fell around 9% over the past month and has a <a href="https://www.benzinga.com/quote/RLJ">52-week low of $9.07</a>.</li>
<li>RSI Value: 24.51</li>
<li>RLJ Price Action: Shares of RLJ Lodging Trust closed at $10.07 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 6, Uniti Group announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries. The company's stock fell around 43% over the past month. It <a href="https://www.benzinga.com/quote/UNIT">has a 52-week low</a> of $3.20.</li>
<li>RSI Value: 19.80</li>
<li>UNIT Price Action: Shares of Uniti Group fell 0.6% to close at $3.24 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Community Healthcare Trust Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHCT#NYSE">CHCT</a>)</h3>
<ul>
<li>On April 30, Community Healthcare posted weaker-than-expected quarterly sales. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/CHCT">low of $22.57</a>.</li>
<li>RSI Value: 27.26</li>
<li>CHCT Price Action: Shares of Community Healthcare Trust fell 1% to close at $22.67 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>)</h3>
<ul>
<li>On May 13, Seritage Growth Properties said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million. The company's shares lost around 40% over the past month. The company's 52-week low is $5.59.</li>
<li>RSI Value: 7.16</li>
<li>SRG Price Action: Shares of Seritage Growth Properties fell 1.2% to close at $5.62 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Hudson Pacific Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>)</h3>
<ul>
<li>On May 1, Hudson Pacific Properties posted downbeat quarterly sales. &#8220;Our office leasing momentum accelerated to start off the year, as we signed over 500,000 square feet of leases in the first quarter. Leveraging our well-positioned portfolio and the strength of our platform, our team is executing on leasing even as adverse market conditions persist, and we view long-term demand drivers for our office space as compelling,&#8221; commented Victor Coleman, Hudson Pacific&#8217;s Chairman and CEO. The company's shares fell around 12% over the past five days. The company <a href="https://www.benzinga.com/quote/HPP">has a 52-week low</a> of $4.05.</li>
<li>RSI Value: 27.15</li>
<li>HPP Price Action: Shares of Hudson Pacific Properties fell 3.7% to close at $4.70 on Friday.</li>
</ul>
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Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month

The CNN Money Fear and Greed index showed some improvement in overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index snapping an eight-session winning streak.
U.S. major indices recorded gains last week, with the Dow gaining 2.16% to record its fourth positive week in a row. The S&amp;P 500 gained 1.85%, gaining for the third straight week.
Data on consumer price index will be released on Wednesday, with economists projecting an increase of 0.4% month-over-month in April. The producer price index is scheduled for release on Tuesday.
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped over 74% on Monday amid possible retail investor interest following a social media post by Roaring Kitty. Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) dipped more than 27% after the company reported first-quarter financial results and said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer staples, industrials and financial stocks recording the biggest losses on Monday. However, information technology and real estate stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 81 points to 39,431.51 on Monday. The S&amp;P 500 fell 0.02% at 5,221.42, while the Nasdaq Composite gained 0.29% at 16,388.24 during Monday's session.
Investors are awaiting earnings results from International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>), Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) today.
At a current reading of 49.8, the index remained in the &#8220;Neutral&#8221; zone on Monday, versus a prior reading of 47.5.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/24/05/38789146/jim-cramer-likes-micron-and-its-ceo-recommends-buying-this-big-bank">Jim Cramer Likes Micron And Its CEO, Recommends Buying This Big Bank</a>

BABA

Investor Optimism Improves, But Dow Snaps 8-Session Winning Streak

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 50 points on Monday.
The Dow traded down 0.15% to 39,453.60 while the NASDAQ rose 0.21% to 16,375.08. The S&amp;P 500 also fell, dropping, 0.06% to 5,219.74.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Information technology shares rose by 0.7% on Monday.
In trading on Monday, communication services shares fell by 1%.
Top Headline
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock surged on Monday amid possible retail investor interest following a social media post by Roaring Kitty.
Shares of struggling video game retailer GameStop surged around 60% in May from $10.91 on May 1 to $17.46 today but remain far from the peak of around $81.2 in 2021. "Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 70% to $29.72 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 83% to $2.30 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) shares were also up, gaining 36% to $3.14 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares dropped 21% to $0.45 following weak quarterly results.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 32% to $6.30 after the company reported first-quarter financial results. The company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 28% to $1.42 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2</a> 
Commodities In commodity news, oil traded up 0.5% to $78.64 while gold traded down 1.4% at $2,342.50.
Silver traded down 0.1% to $28.495 on Monday, while copper rose 2.1% to $4.7625.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.02%, Germany's DAX fell 0.16% and France's CAC 40 slipped 0.12%. Spain's IBEX 35 Index rose 0.42%, while London's FTSE 100 fell 0.22%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

Eurozone

Commodities

ACIU

AKTS

AMPX

CCLD

Gold Down Over 1%; AC Immune Shares Spike Higher

Shares of Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) fell sharply in today's session following <a href="https://www.benzinga.com/quote/AKTS/earnings">weak quarterly results</a>.
Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 49.4% to $4.73 trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) gained 33.2% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) gained 31% to $3.02 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) climbed 28.9% to $4.77.</li>
<li>Cazoo Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) rose 28.2% to $7.55.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) climbed 27% to $1.25 after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) gained 24.2% to $0.3849.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) gained 21% to $3.48.</li>
<li>The Children&#8217;s Place, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) rose 21.1% to $13.30.</li>
<li>Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) climbed 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) rose 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) gained 15.7% to $2.66.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) rose 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 13.7% to $3.0250.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 13.6% to $0.1659. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) climbed 13.3% to $0.9495. Newegg received Nasdaq notification regarding minimum bid requirements.</li>
<li>Squarespace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) gained 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) rose 12.2% to $4.2650.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) rose 10.9% to $59.37.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 8.6% to $2.4636. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares fell 41.6% to $0.1699 after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell 35% to $6.05 after the company reported first-quarter financial results.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) fell 31.5% to $1.3488 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) declined 19.3% to $0.0710. On May 9, the company received staff determination from the Nasdaq to delist the company's securities from Nasdaq Capital Market.</li>
<li>Dingdong (Cayman) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) dipped 16.6% to $1.7996 following first-quarter financial results.</li>
<li>The Singing Machine Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) declined 15.3% to $0.8133.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 14.2% to $1.6383. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) fell 13.4% to $0.8699.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) shares declined 12.6% to $28.85 after the company reported soft first-quarter results and cut its revenue outlook.</li>
<li>NL Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NL#NYSE">NL</a>) dipped 11.5% to $6.97.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 11.1% to $0.61 after jumping around 58% on Friday.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 10.4% to $1.0584. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) fell 9% to $3.6692 after the company announced plans to acquire ALT 5 Sigma Inc.</li>
<li>CompX International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIX#NYSE">CIX</a>) dipped 8.1% to $22.94.</li>
<li>MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) fell 6.5% to $122.00 as the company announced a proposed private offering of $1 billion of convertible senior notes</li>
</ul>
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Intraday Update

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IRBT

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Why Akoustis Technologies Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 0.3% on Monday.
The Dow traded down 0.01% to 39,509.81 while the NASDAQ rose 0.26% to 16,382.89. The S&amp;P 500 also rose, gaining, 0.02% to 5,223.64.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a> 
Leading and Lagging Sectors Information technology shares rose by 0.5% on Monday.
In trading on Monday, communication services shares fell by 1.3%.
Top Headline
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock rose sharply on Monday amid possible retail investor interest following a social media post by Roaring Kitty.
Shares of struggling video game retailer GameStop surged around 60% in May from $10.91 on May 1 to $17.46 today but remain far from the peak of around $81.2 in 2021. "Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 64% to $28.70 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 78% to $2.2413 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) shares were also up, gaining 29% to $2.9711 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares dropped 19% to $0.46 following weak quarterly results.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 33% to $6.24 after the company reported first-quarter financial results. The company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 30% to $1.3872 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2</a> 
Commodities In commodity news, oil traded up 1.6% to $79.47 while gold traded down 1.1% at $2,348.70.
Silver traded up 0.1% to $28.54 on Monday, while copper rose 1.6% to $4.7390.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.04%, Germany's DAX fell 0.16% and France's CAC 40 slipped 0.13%. Spain's IBEX 35 Index rose 0.19%, while London's FTSE 100 fell 0.21%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

Crude Oil Surges Over 1%; Amprius Technologies Shares Plunge

General

Seritage Growth Properties shares are trading higher after the company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.

<ul>
<li>The Company has accepted offers on and is currently negotiating definitive purchase and sale agreements on four assets for total gross proceeds of approximately $79.1 million including:
<ul>
<li>$24.0 million in gross proceeds from one income producing Multi-Tenant Retail asset reflecting a 8.5% capitalization rate;</li>
<li>$8.1 million in gross proceeds from one vacant / non-income producing Non-Core assets to be sold at $55.18 PSF eliminating $0.3 million of carry costs; and</li>
<li>$47.0 million in gross proceeds from monetizing two unconsolidated entity interests.</li>
</ul>
</li>
</ul>

Asset Sales

Seritage Growth Properties On Friday May 10, 2024 Said It Is Negotiating An Agreement On The Sale Of 4 Assets For Gross Proceeds Of $79.1M

U.S. stocks traded higher this morning, with the Dow Jones gaining around 90 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 39,606.48 while the NASDAQ rose 0.32% to 16,392.92. The S&amp;P 500 also rose, gaining, 0.22% to 5,233.92.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a> 
Leading and Lagging Sectors Consumer discretionary shares rose by 0.1% on Monday.
In trading on Monday, communication services shares fell by 0.2%.
Top Headline
Shares of Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) gained over 5% on Monday after the company reported results for its first quarter.
The company reported a fiscal first-quarter 2024 revenue decline of 3.4% year-over-year to $937.0 million (6.77 billion Chinese yuan), beating the analyst consensus estimate of $917.6 million. Its adjusted EPADS of $0.15 (CNY1.09) beat the analyst consensus estimate of $0.14.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 54% to $26.89 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 33% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares were also up, gaining 34% to $4.25.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dropped 38% to $0.1804 after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 36% to $5.95 after the company reported first-quarter financial results.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 31% to $1.35 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2 </a>
Commodities In commodity news, oil traded up 0.6% to $78.70 while gold traded down 1.2% at $2,347.30.
Silver traded down 0.4% to $28.39 on Monday, while copper rose 0.7% to $4.6945.
Euro zone
European shares were slightly lower today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX fell 0.2% and France's CAC 40 slipped 0.2%. Spain's IBEX 35 Index slipped 0.1%, while London's FTSE 100 fell 0.2%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

US Stocks Higher; Tencent Music Shares Fall After Q1 Results

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.
Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell sharply in today's pre-market trading after the company reported a <a href="https://www.benzinga.com/quote/SRG/earnings">loss for the first quarter</a>.
The company posted a quarterly loss of 36 cents per share, versus a year-ago loss of $1.13 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Seritage Growth Properties shares dipped 23.6% to $7.12 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares declined 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
<li>Chimera Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIM#NYSE">CIM</a>) shares fell 6.3% to $4.32 in pre-market trading. Chimera Investment announced a 1-for-3 reverse stock split.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) shares declined 6% to $31.06 in pre-market trading after the company reported soft first-quarter results and cut its revenue outlook.</li>
<li>Mesoblast Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares declined 3.7% to $7.09 in pre-market trading after gaining around 3% on Friday.</li>
<li>Mind Medicine (MindMed) Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) shares fell 3.7% to $8.92 in pre-market trading.</li>
<li>MKS Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) shares declined 3.4% to $126.02 in pre-market trading as the company reported a proposed private offering of $1 billion of convertible senior notes.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) shares fell 3.3% to $7.29 in pre-market trading after declining 7% on Friday.</li>
<li>PENN Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) shares slipped 3% to $15.61 in pre-market trading. B of A Securities analyst Shaun Kelley downgraded PENN Entertainment from Buy to Neutral and lowered the price target from $28 to $17.5.</li>
<li>Burford Capital Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) shares slipped 2.5% to $15.05 in pre-market trading after reporting first-quarter results.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

MESO

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Seritage Growth Properties Posts Q1 Loss, Joins Fortrea Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Seritage Growth Properties shares are trading lower. The company reported Q1 financial results.

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>)</h3>
<ul>
<li>LuxUrban Hotels is scheduled to report financial results for the first quarter ended March 31, 2024 on Monday, May 13, after the closing bell. The company's stock fell around 26% over the past five days and has a <a href="https://www.benzinga.com/quote/LUXH">52-week low of $0.6190</a> .</li>
<li>RSI Value: 29.98</li>
<li>LUXH Price Action: Shares of LuxUrban Hotels fell 12% to close at $0.6235 on Friday.</li>
</ul>
<h3 class="wp-block-heading">FLJ Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 1, FLJ Group received a NASDAQ determination letter on compliance plan. The company's stock fell around 31% over the past month. It <a href="https://www.benzinga.com/quote/FLJ">has a 52-week low</a> of $0.3730.</li>
<li>RSI Value: 24.77</li>
<li>FLJ Price Action: Shares of FLJ Group gained 1.3% to close at $0.3949 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>)</h3>
<ul>
<li>On May 10, Seritage Growth Props posted a narrower quarterly loss. &#8220;We are continuing to advance our Plan of Sale, having sold $80 million of assets year to date and repaid an equal amount of debt in the process.  Since the announcement of our strategic review and election to be taxed as a C-Corp two years ago, we have sold 151 assets for approximately $1.7 billion of gross proceeds and repaid roughly $1.2 billion in debt.  Based on our broad transaction experience, we are seeing a few themes emerge. Assets previously underwritten for life sciences or tech office are now frequently being reconsidered for other uses in higher demand but with less aggressive rent profiles, which, taken together with high construction costs, drives down the amount that can be paid for land.  We are also seeing investors focusing on less risky debt or cash flowing equity investments to generate double-digit returns. Yet, some with a longer-term view are starting to come back to the development market. With more stability in interest rates and inflation, buyers are able to underwrite deals more confidently, albeit at lower valuations. As such we are adjusting our pricing projections for some of our assets.&#8221; said Andrea L. Olshan, Chief Executive Officer and President. The company has a 52-week <a href="https://www.benzinga.com/quote/SRG">low of $7.07</a>.</li>
<li>RSI Value: 12.67</li>
<li>SRG Price Action: Shares of Seritage Growth Properties fell 0.1% to close at $9.32 on Friday.</li>
</ul>
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LUXH

Top 3 Real Estate Stocks That May Rocket Higher This Month

Shares of JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) rose sharply in today's pre-market trading after the company announced plans to <a href="https://www.benzinga.com/quote/JAN/news">acquire ALT 5 Sigma Inc</a>.
The deal is projected to close in the week of May 13th.
JanOne shares jumped 18.6% to $4.78 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>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 74.7% to $1.72 in pre-market trading after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 31.3% to $0.1928 in pre-market trading. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares gained 16.7% to $20.40 in pre-market trading following a 3% decline on Friday.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 15.4% to $3.69 in today's pre-market trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 15% to $2.61 in pre-market trading. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) shares gained 10.7% to $0.48 in pre-market trading after gaining 3% on Friday.</li>
<li>WaveDancer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares rose 9.2% to $3.34 in pre-market trading.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 8.2% to $9.61 in pre-market trading. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 7.1% to $13.88 in pre-market trading. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dipped 33% to $0.1949 in pre-market trading after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) shares fell 23.6% to $7.12 pre-market trading after the company reported a loss for the first quarter.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) dipped 23.6% to $2.68 in pre-market trading after posting weak second-quarter results.</li>
<li>Caravelle International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares fell 20.8% to $0.57 in pre-market trading after declining around 4% on Friday.</li>
<li>Portage Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares declined 20.7% to $0.20 in pre-market trading after falling 10% on Friday. The company, last month, announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 18.6% to $0.96 in pre-market trading. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 16.2% to $1.60 in pre-market trading. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares declined 12.7% to $0.3110 in pre-market trading after gaining around 10% on Friday.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 12.3% to $0.6011 in pre-market trading after jumping around 58% on Friday.</li>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares fell 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
</ul>
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APDN

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WAVD

Why JanOne Shares Are Trading Higher By 19%; Here Are 20 Stocks Moving Premarket

Seritage Growth Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) reported quarterly losses of $(0.36) per share. This is a 68.14 percent increase over losses of $(1.13) per share from the same period last year. The company reported $5.77 million in sales this quarter. This is a 748.97 percent increase over sales of $680.00 thousand the same period last year.

Seritage Growth Props Q1 EPS $(0.36) Up From $(1.13) YoY, Sales $5.77M Up From $680.00K YoY

Seritage Growth Props FY23 EPS $(2.85) Down From $(1.59) YoY, Sales $20.78M Down From $107.06M YoY

Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) stands out as an innovative real estate investment opportunity, particularly intriguing for its indirect ties to the dynamic world of Elon Musk&#8217;s ventures. Seritage, known for repurposing and redeveloping retail spaces into mixed-use developments, finds itself in a unique position to capitalize on the commercial real estate needs of cutting-edge companies, including those led by Musk, such as Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
The transformation of traditional retail spaces into vibrant mixed-use environments aligns with the forward-thinking ethos of Musk&#8217;s companies, which often seek out unique locations for showrooms, offices, and research facilities. While Seritage&#8217;s tenant roster is broad and varied, the potential for collaboration or tenancy with Musk-led initiatives presents an exciting possibility for investors. An investment in Seritage thus becomes an indirect investment in the ripple effect of Musk&#8217;s transformative projects on local real estate markets.
This connection is particularly timely as Musk&#8217;s ventures continue to expand their footprint across the United States, necessitating diverse types of real estate solutions that Seritage is adept at providing. The company&#8217;s strategy of revitalizing spaces for modern uses not only meets the demand for innovative commercial spaces but also drives up the value of its properties, offering a compelling growth story for investors.
As a REIT, Seritage is committed to returning value to shareholders through dividends, supported by its income-generating properties. The potential for its developments to attract or support businesses related to Elon Musk&#8217;s ecosystem adds a layer of growth potential, driven by the tech and innovation sectors&#8217; expanding real estate needs. Seritage&#8217;s focus on key urban and suburban markets, where tech companies and innovative ventures tend to cluster, positions it advantageously for capitalizing on this trend. The company&#8217;s ability to reimagine and repurpose spaces offers a resilient and adaptive tenant base, further strengthened by the tech industry&#8217;s growth.
Investing in Seritage offers more than a traditional real estate play; it&#8217;s an opportunity to indirectly engage with the dynamic impact of Elon Musk&#8217;s ventures on the commercial real estate landscape. As Musk&#8217;s companies continue to push the boundaries of technology and innovation, the demand for unique and adaptable real estate solutions like those offered by Seritage is set to grow, potentially enhancing the company&#8217;s dividend prospects and investment appeal.
<h2 class="wp-block-heading">Read Next:</h2>
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<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
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Image credit: Shutterstock

REIT

Real Estate

TSLA

Invest Like a Visionary: Capitalize on Elon Musk's Ventures with This REIT Hack

A recent independent economic impact analysis conducted for the Mining Association of British Columbia (MABC) has revealed that 16 proposed critical mineral mines in the province of British Columbia could generate <a href="https://www.benzinga.com/topic/mining">significant economic benefits</a>. 
What Happened: A study by Mansfield Consulting found that these mines represent a near-term investment of C$36 billion, could create 300,000 person-years of employment, and contribute C$11 billion <a href="https://mining.bc.ca/2024/01/36-billion-in-critical-minerals-investment-at-stake-in-bc/">in tax revenues</a>.
"This is a generational opportunity that must be seized and could position BC as a leading global supplier of responsibly-produced critical minerals. We want to move forward with the Governments of Canada and British Columbia, First Nations, local governments, and labor, to unlock critical mineral developments for the benefit of all British Columbians,"<a href="https://mining.bc.ca/2024/01/36-billion-in-critical-minerals-investment-at-stake-in-bc/"> said</a> MABC chief executive Michael Goehring.
British Columbia plays a vital role in global mining. It houses 10 metal mines, seven steelmaking coal mines, and two smelters. It is Canada&#8217;s leading producer of copper and steelmaking coal, the second-largest producer of silver, and the sole producer of molybdenum — a key component in high-strength steel alloys. According to the International Energy Agency, global demand for critical minerals is expected to increase six-fold by 2040.
Now Read:<a href="https://www.benzinga.com/news/24/01/36558028/supreme-court-shuts-down-alaskan-pebble-mine-ambitions"> Supreme Court Shuts Down Alaskan Pebble Mine Ambitions</a>
Why It Matters: The 16 proposed mines, along with two mine extensions, would enhance the province&#8217;s standing as a key global mining jurisdiction. While British Columbia is known for its slow bureaucracy and lengthy delays for mining permits, the provincial government is striving to work on this issue.
The MABC study also evaluated the economic benefits of five proposed precious metal mines, including gold. The long-term combined impact of these precious metal mines is projected to exceed C$29.5 billion, creating over 96,000 person-years of employment and generating C$5.3 billion in tax revenue.
As Canada positions itself to become an alternative to the Chinese rare mineral market, the country is struggling to break away from its Beijing creditors.
Vital Metals (ASX: VML), an Australian company that owns the Nechalacko mine project, just sold a 9.9% stake to Shenghe Resources (SHA: 600392). It also agreed to sell A$2.6 million worth of stockpiled rare earth material.
While Ottawa<a href="https://www.theglobeandmail.com/business/article-china-canadian-critical-minerals-prospecting/"> announced</a> a virtual ban on Chinese acquisition of Canadian mining companies, Montreal-based SRG Mining Inc.(CVE: SRG), could still go through its C$16.9 million, 19.4% stake sale to Carbon ONE New Energy Group. The deal would see it move its headquarters outside of Canada.
Such moves have sparked feisty debates in the country, including discussions in the parliament.
&#8220;Beijing-backed raiding of Canadian assets and resources have reached an all-time high,&#8221; <a href="https://www.youtube.com/watch?v=UpK_Y_iQ43Q">said</a> Shuvaloy Majumdar, a Member of the House of Commons of Canada, questioning whether the minister will invoke<a href="https://ised-isde.canada.ca/site/investment-canada-act/en"> The Investment Canada Act</a> (ICA) which allows the government to review foreign investments and ensure they're not harmful to Canada's national security.
While ICA sets guidelines for authorizing certain foreign investments, very few <a href="https://journals.sagepub.com/eprint/v5AE5XwMwQuYBhfemC9C/full">takeover bids</a> have ever been denied.
Now Read:<a href="https://www.benzinga.com/news/24/01/36544368/mining-milestone-rio-tinto-to-launch-worlds-largest-project-in-guineas-simandou-mountains"> Mining Milestone: Rio Tinto To Launch World&#8217;s Largest Project In Guinea&#8217;s Sima</a><a href="https://www.benzinga.com/news/24/01/36544368/mining-milestone-rio-tinto-to-launch-worlds-largest-project-in-guineas-simandou-mountains">ndou Mountains</a>
Image: Shutterstock

Legal

Canada Wants To Increase Critical Mineral Production, But China's Involvement Raises Concerns

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>ASA Gold and Precious Metals </h3>
<ul>
<li>The Trade: ASA Gold and Precious Metals Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asa#NYSE">ASA</a>) 10% owner Boaz Weinstein <a href="https://www.benzinga.com/quote/ASA/analyst-ratings"> acquired a total of 3,297 shares </a> an average price of $15.97. To acquire these shares, it cost around $52,653.</li>
<li>What&rsquo;s Happening: The company&rsquo;s stock gained around 5% over the past month.</li>
<li>What ASA Gold and Precious Metals Does: ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company.</li>
</ul>
<h3>Seritage Growth Properties </h3>
<ul>
<li>The Trade: Seritage Growth Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/srg#NYSE">SRG</a>) 10% owner Yakira Capital Management Inc acquired a total of 5,490 shares at an average price of $23.84. To acquire these shares, it cost around $130,899.</li>
<li>What&rsquo;s Happening: Seritage Group Properties recently posted a narrower loss for the third quarter.</li>
<li>What Seritage Growth Properties Does: Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Unifi </h3>
<ul>
<li>The Trade: Unifi, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ufi#NYSE">UFI</a>) 10% owner Kenneth Langone <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 500,000 shares </a> at an average price of $5.75. To acquire these shares, it cost around $2.88 million.</li>
<li>What&rsquo;s Happening: The company, last month, posted downbeat quarterly results.</li>
<li>What Unifi Does: Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36393434/how-to-earn-500-a-month-from-apple-stock"> How To Earn $500 A Month From Apple Stock </a>

Small Cap

Insider Trades

Around $2.9M Bet On Unifi? Check Out These 3 Stocks Insiders Are Buying

A class action lawsuit was filed against Seritage Growth Properties ($SRG) by Levi & Korsinsky on July 1, 2024. The plaintiffs (shareholders) alleg...

Class Action Lawsuit Against Seritage Growth Properties (NYSE:SRG)

Seritage GAAP EPS of -$1.82, revenue of $4.22M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Seritage Growth Props (NYSE:<a href="https://investorplace.com/stock-quotes/srg-stock-quote/">SRG</a>) just reported results for the second quarter of 2024.<ul><li>Seritage Growth Props reported earnings per share of -$1.82.</li><li>The company reported revenue of $4.22 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><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/earning-results/2024/08/srg-stock-earnings-seritage-growth-props-for-q2-of-2024/">SRG Stock Earnings: Seritage Growth Props Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SRG Stock Earnings: Seritage Growth Props Reported Results for Q2 2024

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Losers And Winners Of REIT Earnings Season

Seritage Growth: Buy A Dollar For 80 Cents

Seritage Growth Properties (SRG) announced that on October 23, 2024, the Company has made a voluntary prepayment of $25 million toward its $1.6 bil...

Seritage Growth Properties makes $25M loan prepayment

An announcement from Seritage ( ($SRG) ) is now available. Seritage Growth Properties has made a significant $25 million prepayment on its $1.6 bil...

Seritage Reduces Debt with $25 Million Prepayment

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