Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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$SQ $COIN $CLH $EBS $IDAI

 Block (SQ) - Shares fell nearly 20% following a new negative report from short seller and research firm Hindenburg. The firm's report was titled "How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion."

 

Coinbase (COIN) - The stock closed down 8% on Wednesday and was down another 18% Thursday morning following news of an SEC notice to the company related to allegations of securities violations. Several sell-side analysts were negative on the company and stock following the SEC notice, including a downgrade from analysts at Oppenheimer.

 

Clean Harbors (CLH) - A play on a potential upcoming news catalyst. Clean Harbors will host its 2023 Investor Day event on Wednesday of next week, a news event that has been known to be a market-moving catalysts for stocks. Interestingly, Clean Harbors execs sold shares of company stock last week. The stock recently traded at a new 52-week high.

 

Emergent Biosolutions (EBS) - A play on an upcoming FDA-related news catalyst. A panel of FDA advisors will host a meeting to give insight into Emergent's opioid overdose treatment, Narcan, on Wednesday of next week.

 

T Stamp (IDAI) - Thursday morning's penny stock, low float momentum name. Shares were volatile on volume amid apparently no news. The company is a provider of AI-enabled identity authentication software.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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