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Rocket Lab Stock Edges Lower Tuesday: What's Going On?
Benzinga· 2026-02-24 15:59
Rocket Lab shares are under pressure. Why is RKLB stock retreating?SpaceX IPO Weighs On Rocket LabRocket Lab has been under pressure, down 13% over the past month, as investors shift money away from smaller launch providers amid speculation that SpaceX could pursue a $1.5 trillion IPO.Additionally, Congress’s recent decision to withhold funding for NASA’s planned 2031 Mars sample-return mission has led to a reassessment of Rocket Lab’s long-term opportunities in deep space.Earnings Loom With Bullish Targets ...
Senators Want The CFTC To Kill Polymarket's Most Controversial Bets On Death, War, Terror - Coinbase Global (NASDAQ:COIN), DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-24 15:46
Six Democratic senators are demanding CFTC Chairman Michael Selig ban prediction market contracts that resolve on someone dying, a city being captured or a NASA rocket exploding.The letter, led by Sen. Adam Schiff (D-Calif.), goes further than just the three examples. The senators are asking the CFTC to reiterate that contracts involving gaming, sports, war, terrorism, assassination or similar activities are barred from being listed, traded or cleared under the Commodity Exchange Act. They also want CFTC Ch ...
SoundHound AI Jumps As New Retail Agentic AI Launches
Benzinga· 2026-02-24 15:38
Core Insights - SoundHound AI stock is experiencing upward movement, attributed to the launch of its new AI-powered tool, Sales Assist, aimed at enhancing customer interactions in telecom retail [1][2]. Group 1: Product Launch and Market Impact - Sales Assist is a voice-powered tool designed to analyze customer conversations and provide instant recommendations to store staff, targeting telecom retailers to streamline sales processes [2][3]. - The product aims to reduce transaction times and increase revenue per customer by offering features like upgrade eligibility checks and promotional suggestions [2][3]. Group 2: Enterprise Growth and AI Expansion - SoundHound's AI platform supports numerous large enterprise deployments, processing nearly 30 million AI-driven customer interactions in 2025, indicating strong demand for AI solutions in retail and telecom sectors [4]. - The new offering is expected to enhance SoundHound's presence in Europe and boost recurring software revenue as more retailers adopt AI for compliance and training efficiencies [4]. Group 3: Stock Performance and Technical Analysis - SoundHound AI is currently trading 5.2% below its 20-day simple moving average and 20.6% below its 100-day simple moving average, reflecting short-term weakness despite recent gains [5]. - Over the past year, shares have decreased by 12.73%, positioning them closer to 52-week lows [5]. - The RSI is at 37.46, indicating neutral territory, while the MACD shows a bullish crossover, suggesting potential for recovery under favorable market conditions [6]. Group 4: Market Sentiment and Price Action - SoundHound AI has a strong Momentum score of 9.31, although its price trends in the short, medium, and long term are flagged as negative [7]. - As of the latest data, SoundHound AI shares increased by 6.90% to $8.36, with key resistance at $9.00 and support at $7.00 [8].
PayPal Stock Edges Lower Tuesday: What's Driving The Action?
Benzinga· 2026-02-24 15:35
PayPal Holdings stock is under selling pressure. What’s pulling PYPL shares down?Takeover Interest Follows Leadership ShakeupPayPal has drawn takeover interest after its shares lost more than 40% over the past year, prompting discussions with banks about potential bids from competitors. PayPal stock traded higher on Monday on reports about a potential deal, but it’s giving back some of the gains on Tuesday. The company recently appointed HP Inc CEO Enrique Lores as its new CEO, effective March 1, after a su ...
Why Is DocuSign Stock Gaining Today? - Docusign (NASDAQ:DOCU)
Benzinga· 2026-02-24 15:25
DocuSign, Inc. (NASDAQ:DOCU) shares are up on Tuesday as the company announced a partnership with Anthropic to enhance its Intelligent Agreement Management platform.This news comes as the broader market is experiencing a mixed session, with the Nasdaq down slightly while the Technology sector is showing minor gains, adding pressure as broader markets edged lower.DocuSign’s integration with Anthropic’s Cowork aims to transform how teams manage agreements, moving from passive summarization to active execution ...
MercadoLibre Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - MercadoLibre (NASDAQ:MELI)
Benzinga· 2026-02-24 15:21
MercadoLibre, Inc. (NASDAQ:MELI) will release earnings results for its fourth quarter, after the closing bell on Tuesday, Feb. 24.Analysts expect the Montevideo, Uruguay-based company to report quarterly earnings at $11.44 per share, down from $12.61 per share in the year-ago period. The consensus estimate for MercadoLibre's quarterly revenue is $8.46 billion, versus $6.06 billion a year earlier, according to data from Benzinga Pro.On Oct. 29, MercadoLibre reported third-quarter revenue of $7.41 billion, up ...
MercadoLibre Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2026-02-24 15:21
MercadoLibre, Inc. (NASDAQ:MELI) will release earnings results for its fourth quarter, after the closing bell on Tuesday, Feb. 24.Analysts expect the Montevideo, Uruguay-based company to report quarterly earnings at $11.44 per share, down from $12.61 per share in the year-ago period. The consensus estimate for MercadoLibre's quarterly revenue is $8.46 billion, versus $6.06 billion a year earlier, according to data from Benzinga Pro.On Oct. 29, MercadoLibre reported third-quarter revenue of $7.41 billion, up ...
Palvella Therapeutics (PVLA) Surges On Positive Phase 3 QTORIN SELVA Data
Benzinga· 2026-02-24 15:15
Palvella Therapeutics stock is trading near recent highs. Where are PVLA shares going?Phase 3 SELVA Trial SucceedsThe trial in 49 patients aged six and older met its primary endpoint on the Microcystic Lymphatic Malformation Investigator Global Assessment, with a mean improvement of over two points and gains across all key secondary measures. Most participants were rated much or very improved, and nearly all eligible patients chose to roll into an extension study.First Potential Therapy For MicrocysticQTORI ...
Microsoft Expands Sovereign Cloud With Offline AI Capabilities, Disconnected Operations - Microsoft (NASDAQ:MSFT)
Benzinga· 2026-02-24 15:14
Microsoft Corporation (NASDAQ:MSFT) is pushing deeper into digital sovereignty. The software giant announced a major expansion of its Sovereign Cloud platform that allows enterprises, governments and regulated industries to run large AI models and core productivity tools in fully disconnected environments.Douglas Phillips, President and Chief Technology Officer of Microsoft Specialized Clouds, detailed three new capabilities on Monday. The updates center on Azure Local disconnected operations, Microsoft 365 ...
Henry Schein, Vir Biotechnology, Ultra Clean Holdings And Other Big Stocks Moving Higher On Tuesday - AXT (NASDAQ:AXTI), Clarivate (NYSE:CLVT)
Benzinga· 2026-02-24 15:07
U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Tuesday.Henry Schein reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.30 per share. The company reported quarterly sales of $3.437 billion which beat the analyst consensus estimate of $3.345 billion.Henry Schein shares jumped 8.3% to $87.24 on Tuesday.Here are some other big stocks recording gains in today’s session.Photo via Shutterstock ...