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Polar Power

Polar Power Inc is engaged in designing, manufacturing, and selling DC power generators, renewable energy, and cooling systems for applications in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine, and industrial. The company's products include DC generators, backup DC generators, hybrid power systems, Li-Ion battery systems, Marine DC generators, and others. The company's geographical presence is in the United States, Canada, Australia and South Pacific Islands, Asia, Europe and Middle East, United Kingdom, Other North America, South Africa, and others.

Polar Power Inc

POLAR CAP GLOBAL FNCL TR by POLAR CAP GLOBAL FINANCIALS TR PLC

POLAR CAPITAL TECH TR NEW by Polar Capital Technology Trust Plc.

POLAR CAPITAL TECH TR PLC by Polar Capital Technology Trust Plc.

POLAR PETROLEUM CORP by Polar Petroleum Corp.

POLA ORBIS HOLDINGS INC by Pola Orbis Holdings Inc

Pola Orbis Holdings Inc

POLAR CAPITAL HOLDING ORD by Polar Capital Holdings PLC

Polar Capital Holdings PLC

PolarX Ltd

POLAREAN IMAGING LTD by Polarean Imaging Ltd.

Polarean Imaging PLC

POLARIS HLDGS CO LTD by POLARIS HLDGS CO LTD

Polaris Holdings Co Ltd

Polaris Inc

POLARIS INTL HOLDINGS INC by Polaris International Holdings, Inc.

Polaris International Holdings Inc

Polaris Northstar Capital Corp

POLARIS NORTHSTAR CAP CRP by POLARIS NORTHSTAR CAP CORP.

POLARIS RENEWABLE ENERGY by POLARIS RENEWABLE ENERGY INC.

Polaris Renewable Energy Inc

PolarityTE Inc

Needham analyst Mike Cikos maintains Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Buy and raises the price target from $200 to $240.

News

Price Target

Analyst Ratings

Needham Maintains Buy on Cloudflare, Raises Price Target to $240

Needham analyst Mike Matson maintains Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) with a Buy and raises the price target from $442 to $448.

Needham Maintains Buy on Stryker, Raises Price Target to $448

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) is looking for Q3 Adj EPS of $4.10-$4.20 vs $4.20 analyst estimate..

Guidance

Linde Sees Q3 Adj EPS $4.10-$4.20 vs $4.20 Est

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) raises FY2025 Adj EPS guidance from $16.20-$16.50 to $16.30-$16.50 vs $16.40 analyst estimate..

Linde Raises FY2025 Adj EPS Guidance from $16.20-$16.50 to $16.30-$16.50 vs $16.40 Est

Fluor-JGC JV Wins FEED Contract For LNG Canada Phase 2, Following First LNG Shipment From Phase 1 In British Columbia

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) lowers FY2025 Adj EPS guidance from $2.25-$2.75 to $1.95-$2.15 vs $2.54 analyst estimate..

Fluor Lowers FY2025 Adj EPS Guidance from $2.25-$2.75 to $1.95-$2.15 vs $2.54 Est

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) reported quarterly earnings of $4.09 per share which beat the analyst consensus estimate of $4.03 by 1.49 percent. This is a 6.23 percent increase over earnings of $3.85 per share from the same period last year. The company reported quarterly sales of $8.49 billion which beat the analyst consensus estimate of $8.35 billion by 1.71 percent. This is a 2.76 percent increase over sales of $8.27 billion the same period last year.

Earnings

Earnings Beats

Linde Q2 Adj. EPS $4.09 Beats $4.03 Estimate, Sales $8.49B Beat $8.35B Estimate

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) reported quarterly earnings of $0.43 per share which missed the analyst consensus estimate of $0.54 by 20.96 percent. This is a 49.41 percent decrease over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $3.978 billion which missed the analyst consensus estimate of $4.549 billion by 12.55 percent. This is a 5.89 percent decrease over sales of $4.227 billion the same period last year.

Earnings Misses

Fluor Q2 Adj. EPS $0.43 Misses $0.54 Estimate, Sales $3.978B Miss $4.549B Estimate

Chinese EV companies secured over 10.6% of Europe's total EV market share in June despite tariffs imposed by the European Union last year.
What Happened: The figure is the highest since last year's 11.1% market share in June, Bloomberg reported <a href="https://www.bloomberg.com/news/articles/2025-08-01/chinese-evs-recover-in-europe-to-pre-tariff-market-share-level?srnd=phx-industries-transportation">on</a> Thursday, citing data from Dataforce.
The data includes countries like Norway and Switzerland. However, the market share remains modest, the report said. "In the electric car market, European protectionism worked," Julian Litzinger, an analyst cited in the report, said.
The report suggests that import duties vary by producer and include Chinese-made EVs by companies like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Volkswagen Group AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLKAF#OTC">VLKAF</a>).
However, companies like BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) experienced success with EVs as well as Hybrid products like the Seal U SUV, which has put BYD in the upper end of sales charts, the report said.
BYD experienced a 132% jump in EV sales while Xpeng Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NASDAQ">XPEV</a>) recorded a 328% surge in sales, the report suggests.
Why It Matters: The news comes as Europe saw <a href="https://www.benzinga.com/markets/eurozone/25/07/46594863/elon-musks-tesla-loses-ground-in-europe-sales-down-23-even-as-ev-market-grows">a 14.5% surge in EV sales</a> during June, with Germany recording over 47,163 EV units sold during that month.&nbsp;
This also coincides with BYD making inroads into Europe, with the company's luxury subsidiary, Yangwang, as well as Denza, gearing up for <a href="https://www.benzinga.com/markets/tech/25/07/46538952/tesla-rival-byds-global-expansion-continues-as-luxury-brand-yangwang-set-for-european-debut-in-2026">European debuts next year</a>.
Elsewhere, multiple Chinese manufacturers, including Geely Automobile Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) and Neta have been accused of <a href="https://www.benzinga.com/markets/asia/25/07/46656250/tesla-rivals-byd-toyota-vw-gm-accused-of-faking-car-sales-in-china-to-hit-targets-report">inflating sales figures</a> by insuring vehicles before they reach customers.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/asia/25/07/46460445/elon-musk-led-tesla-files-for-model-3-trim-in-china-with-500-mile-range-amid-surge-in-sales-report">Elon Musk-Led Tesla Files For Model 3+ Trim In China With 500-Mile Range Amid Surge In Sales: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

BYDDF

BYDDY

GELYF

TSLA

VLKAF

XPEV

BYD, Xpeng Lead Chinese EV Surge In Europe As Market Share Hits 10.6% Despite Tariffs: Report

Peter Thiel-backed Tacora Capital Management has successfully raised $685 million for its Fund II, surpassing the initial target of $500 million. This achievement is a testament to the firm&#8217;s unique asset-based private credit strategy.
What Happened: Tacora Capital Fund II was significantly oversubscribed, with demand exceeding capacity by hundreds of millions, according to a press release on Wednesday.
Nearly all Fund I investors returned, joined by new institutions including endowments, pensions, family offices, and registered investment advisors.
Led by CEO and Chief Investment Officer Keri Findley, Tacora specializes in asset-based private credit, offering loans between $10 million and $50 million to companies in sectors such as FinTech, InsurTech, PropTech, and LegalTech.
"We appreciate the continued support of our returning investors, and are gratified that an expanding institutional investor base recognizes the opportunity and important role we play within the tech-forward, venture-backed ecosystem," said Findley.
"It is an exciting time to help accelerate the development of these best-in-class companies and strengthen the future of American entrepreneurship."
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46745168/trump-leaves-good-friend-india-in-the-cold-strikes-trade-deal-with-arch-rival-pakis" target="_blank" rel="noopener">Trump Leaves &#8216;Good Friend&#8217; India In The Cold, Strikes Trade Deal With Arch Rival Pakistan Over &#8216;Massive Oil Reserves&#8217;</a>
Why It Matters: The success of Tacora Capital Management&#8217;s Fund II is indicative of the growing interest in alternative financing solutions for high-growth, tech-enabled companies. 
This trend is in line with the broader shift towards innovative financing models, as seen in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616040/peter-thiels-founders-fund-leads-500m-fundraise-in-waste-gas-powered-ai-cloud-start-up">$500 million equity investment</a> in Crusoe Energy, a data center startup, led by Thiel&#8217;s Founders Fund.
Brian Singerman and Lee Linden are also <a href="https://www.benzinga.com/markets/equities/25/07/46409249/peter-thiel-linked-gpx-targets-500-million-to-reinvent-vc-with-fund-of-funds-twist-backing-early-stage-stars-into-series-b-report">raising over $500 million for GPx</a>, a hybrid venture fund backed by Thiel. It invests in emerging VCs early and co-leads later-stage rounds in their best startups. 
The model helps small funds stay competitive without scrambling for follow-on capital.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/legal/25/07/46781487/mark-cuban-says-this-trump-administration-move-is-one-of-the-dumbest" target="_blank" rel="noopener">Mark Cuban Says This Trump Administration Move Is &#8216;One Of the Dumbest&#8230;&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Startups

Peter Thiel-Backed Tacora Raises $685 Million For Oversubscribed Fund II With Bold Private Credit Play

An investor with a history of profitable trades opened a highly leveraged long position in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) following the market's dip on Thursday.
What happened: The whale, with over $60 million in total profits from spot and perpetual trading, took a 40x leverage bet on Bitcoin and 25x on Ether, according to Lookonchain.
The leverage increased their Bitcoin position to $50.47 million, with the entry price at $115,579.30. As of this writing, they were down nearly $516,000 on the bet and would be liquidated if the apex cryptocurrency tumbled to $87,424.
Similarly, their Ether position expanded to $23.89 million, with an entry price at $3,697 and liquidation at $1,810. The trader recorded unrealized losses of $654,000 as of this writing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whale 0x4a20 with over $62M in total profits started going long again 30 minutes ago — 25x leverage on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> and 40x leverage on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>.<a href="https://t.co/0nldk53EaS">https://t.co/0nldk53EaS</a> <a href="https://t.co/rohx6y5ozN">pic.twitter.com/rohx6y5ozN</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1951116252786970714?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
Interestingly, it was not an isolated incident. According to Coinglass, Binance&#8217;s top traders, i.e, those with the highest margin balance, <a href="https://www.coinglass.com/TopTrader/Binance">increased</a> their long exposure to Bitcoin over the last 24 hours. The same was true for Ether.
Why It Matters: The risky bet <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46781179/bitcoin-ethereum-dogecoin-slide-as-hotter-than-expected-inflation-dims-rate-cut-hopes-analyst-sees-eth-dip-after-4000-peak">follows a sharp correction in the cryptocurrency market</a>, with Bitcoin sliding below $115,000 and Ether dropping below $3,700 as hotter-than-expected inflation pressured risk-on assets.
The market&#8217;s &#8220;Greed&#8221; sentiment dropped drastically in the last two days, according to the Crypto Fear &amp; Greed Index, suggesting that buying pressure was easing.
Price Action: At the time of writing, BTC was trading at $115,914, down 2.12% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;ETH exchanged hands at 3,692, down 4.43% from the previous day.
Benzinga Note: Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. While it can potentially amplify profits, it also significantly increases the risk of substantial losses due to the volatile nature of cryptocurrencies.
Read Next:&nbsp;
<ul class="wp-block-list">
<li>S<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46784659/secs-project-crypto-looks-awesome-says-tim-draper-as-he-pushes-for-a-bitcoin-only-world-with-blockchain-powering-accounting-and-payroll">EC&#8217;s Project Crypto &#8216;Looks Awesome,&#8217; Says Tim Draper As He Pushes For A Bitcoin-Only World With Blockchain Powering Accounting And Payroll</a></li>
</ul>
Photo: Zakharchuk/Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Profitable Whale Bets Big With 40x Bitcoin, 25x Ethereum Longs Following Market Dip — Is Crypto Recovery On Cards?

NIO Delivers 21,017 Vehicles In July 2025, Launches ONVO L90 SUV, YTD Deliveries Up 25.2% To 135,167, Cumulative Total Hits 806,731

Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) raises FY2025 sales outlook from $1.340 billion-$1.365 billion to $1.370 billion-$1.390 billion vs $1.357 billion estimate.

TILE

Interface Raises FY2025 Sales Guidance from $1.340B-$1.365B to $1.370B-$1.390B vs $1.357B Est

Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) sees Q3 sales of $350.000 million-$360.000 million vs $353.920 million analyst estimate.

Interface Sees Q3 Sales $350.000M-$360.000M vs $353.920M Est

Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.47 by 27.66 percent. This is a 50 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $375.522 million which beat the analyst consensus estimate of $360.573 million by 4.15 percent. This is a 8.33 percent increase over sales of $346.635 million the same period last year.

Interface Q2 Adj. EPS $0.60 Beats $0.47 Estimate, Sales $375.522M Beat $360.573M Estimate

Biotech

Health Care

Stock Split

General

DRMA

Dermata Therapeutics To Effect 1-for-10 Reverse Stock Split On August 1, 2025-8K

Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) will release earnings results for the second quarter, <a href="https://www.benzinga.com/quote/REGN/earnings">before the opening bell on Friday, Aug. 1.</a>
Analysts expect the Tarrytown, New York -based company to report quarterly earnings at $8.43 per share, down from $11.56 per share in the year-ago period. Regeneron Pharmaceuticals projects to report quarterly revenue at $3.28 billion, compared to $3.55 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 2, the U.S. Food and Drug Administration (FDA) granted accelerated approval to Regeneron's Lynozyfic (linvoseltamab-gcpt) for adult patients with relapsed or refractory (R/R) multiple myeloma (MM) who have received at least four prior lines of therapy.
Regeneron Pharmaceuticals shares fell 1.6% to close at $545.46 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/regn/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>UBS analyst Trung Huynh maintained a Neutral rating and raised the price target from $560 to $584 on July 11, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Morgan Stanley analyst Matthew Harrison maintained an Overweight rating and cut the price target from $755 to $754 on July 10, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Geoff Meacham maintained a Buy rating and cut the price target from $700 to $650 on June 2, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Wells Fargo analyst Mohit Bansal downgraded the stock from Overweight to Equal-Weight and cut the price target from $700 to $580 on May 30, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Guggenheim analyst Yatin Suneja maintained a Buy rating and slashed the price target from $940 to $810 on May 1, 2025. This analyst has an accuracy rate of 60%.</li>
</ul>
Considering buying REGN stock? Here&#8217;s what analysts think:
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/dividends/25/07/46757288/wall-streets-most-accurate-analysts-spotlight-on-3-financial-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Markets

Trading Ideas

REGN

Regeneron Pharmaceuticals Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

As President Donald Trump unveiled a blitz of new tariffs across <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">different countries on Thursday</a>, the markets remained largely unfazed by the move.
What Happened: On Thursday, in a post on X, The Kobeissi Letter highlighted the market&#8217;s muted response to Trump&#8217;s sweeping new moves on the trade and tariff front. 
The post notes that Trump &#8220;randomly&#8221; increased tariffs on Canada, the largest trading partner of the United States, from 25% to 35%. Followed by a string of new tariffs on others, such as &#8220;Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia, Indonesia, Turkey, and Venezuela.&#8221;
See Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46758722/the-5-billion-copper-trap-how-one-etf-got-burned-by-trumps-surprise-tariff-move">The $5 Billion Copper Trap: How One ETF Got Burned By Trump&#8217;s Surprise Tariff Move</a>
Yet, the market response was underwhelming, with S&amp;P 500 futures &#8220;down a mere 10 points,&#8221; which the post attributes almost entirely to &#8220;Amazon&#8217;s weak earnings results.&#8221;
It says that in April, when the &#8220;Liberation Day&#8221; tariffs were first announced, such a move would have sent the S&amp;P 500 lower by 3% or more. 
The post says &#8220;the trade war has lost all credibility&#8221; in the market, and that it has lost the &#8220;shock effect&#8221; that it had a couple of months ago. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The market says the trade war has lost all credibility: President Trump just seemingly just randomly decided to raise tariffs on Canada from 25% to 35%. On top of this, he imposed &quot;reciprocal tariffs&quot; on Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia,…
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1951078173153607990?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
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Why It Matters: This could be seen as a fallout of the &#8220;TACO Trade&#8221; meme, or &#8220;Trump Always Chickens Out,&#8221; where investors buy equities right after Trump makes a tariff threat, knowing fully well that he will eventually back out. 
Economist Peter Schiff recently called this &#8220;a classic paradox,&#8221; since markets not <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46434910/trump-wont-chicken-out-again-peter-schiff-warns-of-classic-paradox-that-might-make-a-selloff-inevitable">reacting to Trump&#8217;s tariffs</a>, because they expect him to &#8220;chicken out,&#8221; will eventually lead him to follow through on his threats. 
&#8220;Investors assume Trump will cancel the August 1 tariffs before they kick in, so stocks aren&#8217;t selling off,&#8221; he says, but since there isn&#8217;t a dramatic market response to this, &#8220;Trump won&#8217;t chicken out again.&#8221;
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/08/46781753/kevin-oleary-backs-trumps-tariff-strategy-calls-it-a-value-added-tax-says-he-can-be-very-pragmatic">Kevin O&#8217;Leary Backs Trump&#8217;s Tariff Strategy: Calls It a &#8216;Value-Added Tax,&#8217; Says He Can Be &#8216;Very Pragmatic&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

'The Trade War Has Lost All Credibility:' Markets Shrug Off Trump's Tariff Blitz On Multiple Countries

GoPro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares dropped 6.98% in after-hours trading on Thursday, continuing a decline from recent meme stock highs as retail investor enthusiasm wanes.
What Happened: The action camera maker closed regular trading at $1.29, down 3.73% for the session. After-hours trading saw the stock fall further to $1.20, extending losses from a peak reached last month, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
GoPro&#8217;s stock rally began July 17 at $0.78 and peaked at $1.53 on July 23, driven by renewed meme stock fervor among retail investors. The surge mirrored earlier rallies in GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>).
The July rally was fueled by short squeeze dynamics, with short i<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581870/gopro-stock-surges-as-meme-frenzy-short-squeeze-potential-collide">nterest at 9.43% creating buying pressure</a> as bearish investors covered positions. The stock&#8217;s Relative Strength Index reached 88 during the peak, indicating heavily overbought conditions that typically signal potential pullbacks.
Fundamental factors <a href="https://www.benzinga.com/markets/equities/25/07/46565073/gopros-stock-soars-60-after-hours-heres-whats-going-on">initially supported the momentum</a>. GoPro won a patent infringement ruling against Insta360, with CEO Nicholas Woodman stating the company &#8220;will not sit idle while we believe others unjustly take advantage of our hard work, investment and innovation.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/08/46784693/dow-falls-over-300-points-despite-strong-earnings-investor-sentiment-declines-fear-index-remains-in-greed-zone">Dow Falls Over 300 Points Despite Strong Earnings: Investor Sentiment Declines, Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Why It Matters: The company also provided optimistic second-quarter guidance in May. Sales projections of $135 million to $155 million exceeded <a href="https://www.benzinga.com/markets/equities/25/07/46565073/gopros-stock-soars-60-after-hours-heres-whats-going-on">the estimated $124.65 million</a>.
The convergence of retail trading activity and improving company fundamentals created significant price swings, with GoPro&#8217;s market capitalization <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581870/gopro-stock-surges-as-meme-frenzy-short-squeeze-potential-collide">surpassing $250 million</a> during the rally&#8217;s peak.
Despite positive developments, including Thursday&#8217;s announcement of an opt-in AI training program allowing subscribers to monetize cloud-based video content, the stock has declined from peak levels. 
Price Action: Friday premarket trading showed shares at $1.23, down 4.65%, reflecting the volatility characteristic of meme stock movements.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">Jim Cramer Calls Figma &#8216;Too Expensive&#8217; At 50x Sales — Stock Surges 250% On Market Debut</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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GoPro Slides Nearly 5% In Premarket As Meme Stock Sugar Rush Fades

Piper Sandler analyst Brent Bracelin maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Overweight and raises the price target from $75 to $82.

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