Kiniksa Pharmaceuticalsの空売り状況は、投資家がKiniksa Pharmaceuticalsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Kiniksa Pharmaceuticals (NASDAQ:KNSA) 株価情報, 空売り情報

Kiniksa Pharmaceuticals

Kiniksa Pharmaceuticals International PLC is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing, and commercializing therapeutic medicines for patients suffering from debilitating diseases. The company's clinical-stage product candidates include Rilonacept, abiprubart, and mavrilimumab.

Kiniksa Pharmaceuticals, Ltd. - Class A Ordinary Shares

Kiniksa Pharmaceuticals International PLC

Elon Musk stated that the reported <a href="https://www.benzinga.com/25/03/44230403/elon-musk-blames-major-cyberattack-for-x-outage-hints-at-nation-backed-threat">&#8220;massive cyberattack&#8221;</a> that his social media account X faced on Monday is suspected to have originated from Ukraine.
What Happened: Musk, who is currently heading the Trump administration&#8217;s Department of Government Efficiency (DOGE), revealed that his platform, X, was under a significant cyberattack. 
&#8220;Well… we&#8217;re not sure exactly what happened, but there was a massive cyberattack to try to bring down the ecosystem with IP addresses originating in the Ukraine area,&#8221; Musk <a href="https://www.foxbusiness.com/technology/elon-musk-says-x-facing-massive-cyberattack">told</a> Fox Business.
Earlier on Monday, Musk had tweeted&nbsp;about the attack on X.&nbsp;&#8220;There&nbsp;was (still is) a massive&nbsp;cyberattack against X,&#8221; he wrote. &#8220;We&nbsp;get attacked every day, but&nbsp;this was done with a&nbsp;lot of resources,&#8221; Musk added, suggesting the involvement of a large, coordinated group or possibly a nation. 
However, he did not mention Ukraine at that point.
The platform faced intermittent outages on Monday morning. This event coincides with ongoing &#8220;takedown&#8221; protests at facilities of another Musk company, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which the CEO suspects is funded by left-wing billionaire George Soros and LinkedIn co-founder Reid Hoffman, among others.
SEE ALSO: <a href="https://www.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence</a>
Why It Matters: As per Downdetector,  the majority of the complaints about the platform&#8217;s outage were related to the app (58%), followed by the website (31%), and server connection (11%).
An industry source told Reuters that he doesn&#8217;t agree with Musk&#8217;s claims of the attack originating from Ukraine. Significant portions of the rogue traffic overwhelming X were traced to IP addresses in the U.S., Vietnam, Brazil, and other countries, stated the source, while specifying that the volume of rogue traffic originating directly from Ukraine was &#8220;insignificant.&#8221;
Notably, on Monday, Musk also referred to Democrat Senator Mark Kelly as a "traitor" in response to a series of posts supporting Ukraine and its people. 
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/25/03/44235106/6-defense-stocks-to-watch-after-trump-halts-weapons-shipments-to-ukraine">6 Defense Stocks To Watch After Trump Halts Weapons Shipments To Ukraine</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Tech

TSLA

Elon Musk Says Ukraine Behind 'Massive Cyberattack' On X: 'We're Not Sure Exactly What Happened...'

Valens, RGo Robotics, And CHERRY Embedded Solutions Join Forces to Design Optimized AI Robotic Systems

CTRE

CareTrust REIT Agrees To Acquire London-Listed Care REIT plc, Adding 7,500 Beds Across UK In Strategic Cross-Border Expansion

The Nasdaq 100 index confirmed a historical trend that it could be entering a bear market after it fell 3.81% on Monday, its worst day since 2022.
What Happened: The tech-heaving Nasdaq 100 index entered the correction territory last week on Thursday after slipping 9.76% from its previous record high of 22,222.61 points. It also declined below its 200-day moving average after nearly two years or 497 trading sessions.
However, after a slight relief on Friday, the index slumped on Monday, declining 12.46% from its previous high to 19,430.95 points.
While a market correction is defined as a 10% drop, and a bear market as a 20% drop from recent highs. Jason Goepfert, a consultant at White Oak Consultancy LLC, had <a href="https://www.benzinga.com/25/03/44186189/nasdaq-100-to-enter-bear-market-territory-next-two-weeks-crucial-as-35-fall-following-correction-can-make-it-a-reality-warns-analyst">highlighted a key trend</a> last week.
According to him, the historical data suggested that each time the Nasdaq 100 index fell over 3.5% within the next two weeks of a correction, it always entered the bear market territory. Thus, just a day after the Thursday session, the index slipped by 3.81%, confirming this trend.
Goepfert reaffirmed his assumptions and said that a &#8220;bad scenario,&#8221; had been triggered and it was &#8220;Not the best sign for bulls.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Already triggered the bad scenario. Not the best sign for bulls. <a href="https://t.co/GMm8bv3sUr">https://t.co/GMm8bv3sUr</a>
&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1899201625107153288?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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When asked if this &#8220;over 3.5% fall&#8221; had to be assessed after the end of two full weeks post correction, Goepfert said, &#8220;No, for this test (and any that I do) drawdown means the maximum loss at any point within the time frame. So the maximum loss needed to be at least 3.5% at any point within the two weeks.&#8221;
See Also: <a href="https://www.benzinga.com/25/03/44186189/nasdaq-100-to-enter-bear-market-territory-next-two-weeks-crucial-as-35-fall-following-correction-can-make-it-a-reality-warns-analyst">Nasdaq 100 To Enter Bear Market Territory? Next Two Weeks Crucial As 3.5% Fall Following Correction Can Make It A Reality, Warns Analyst</a>
Why It Matters: Several factors have stacked up against the market&#8217;s downfall in 2025. The latest shocks come from President Donald Trump&#8216;s tariff war with the U.S. trading partners, which has been triggering economic uncertainty. Trump, on Sunday, increased investor anxiety as he did not rule out the possibility of recession during an interview with Fox News.
But apart from this, experts have been warning of an impending fall.
Billionaire investor Ray Dalio warned of a <a href="https://www.benzinga.com/government/regulations/25/02/43431874/billionaire-ray-dalio-raises-valuation-concerns-as-deepseeks-new-model-hits-nvidia-stock-a-great-company-that-gets-expensive-is-much-worse-than-a-bad-company-thats-really-cheap">potential AI stock bubble</a>, during his appearance on the All-In Podcast in early February. He compared it to the dotcom bust, citing high valuations and interest rate risks.
He also emphasized prioritizing value over &#8220;good&#8221; companies, advising investors to focus on pricing. "A great company that gets expensive is much worse than a bad company that's really cheap," Dalio said.
Similarly, Howard Marks, who predicted the dot-com bubble, <a href="https://www.benzinga.com/25/03/44070216/billionaire-investor-howard-marks-warns-against-ais-powerful-novelty-and-fomo-as-nvidia-other-ai-linked-stocks-tumble-in-2025-this-is-the-kind-of-enthusiasm-that-sometimes-leads-to-bubbles">warned of similar dangers</a> in his &#8220;On Bubble Watch&#8221; memo in early January. He cited high valuations, AI hype, and reliance on mega-cap tech that could lead to a bubble.
Meanwhile, the S&amp;P 500 index also neared the correction zone as it was down 8.67% from its 52-week high of 6,147.43 to 5,614.56 points on Monday. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, slumped on Friday. The SPY was down 2.66% to $560.58, and the QQQ also declined 3.88% to $472.73, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44217379/china-hits-soybeans-with-tariffs-its-largest-us-import-along-with-other-agri-products-here-a-list-of-stocks-and-etfs-that-could-be-impacted">China Hits Its Largest US Import, Soybeans, With Tariffs Along With Other Agricultural Products: Here&#8217;s A List Of Stocks, ETFs That Could Be Impacted</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Equities

Government

Market Summary

Nasdaq 100 To Enter Bear Territory, Confirms Historical Trend After Falling Over 3.5%: 'Not The Best Sign For Bulls,' Says Expert

PIPR

Piper Sandler Expands European Footprint With New Zurich Office To Broaden Distribution Of U.S. Equity Research

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is preparing for what Mark Gurman described as &#8220;one of the most dramatic software overhauls&#8221; in the iPhone maker&#8217;s history, with iOS 19 set to transform the smartphone&#8217;s interface later in 2025.
What Happened: According to Bloomberg&#8217;s Gurman, iOS 19 will be &#8220;the biggest revamp since iOS 7&#8221; from 2013, featuring significant updates in icons, menus, apps, system buttons, and windows. The design is reportedly &#8220;loosely based&#8221; on the Vision Pro&#8217;s visionOS interface, to create more consistency across Apple&#8217;s ecosystem.
After sluggish post-pandemic growth, Apple is attempting to boost <a href="https://www.benzinga.com/content/44188932/apple-is-down-for-the-year-opportunity-or-time-to-move-on">sales with this software change</a>. The corporation is under more pressure to provide attractive improvements after iPhone sales unexpectedly declined during the most recent holiday season.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44239278/cathie-wood-stands-by-deflationary-boom-call-as-gene-munster-compares-market-turmoil-to-dot-com-bubble" target="_blank" rel="noreferrer noopener">Cathie Wood Stands By ‘Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble</a>
Why It Matters: At Apple&#8217;s Worldwide Developers Conference in June, the iOS 19 announcement is expected. Apple postponed its planned Siri Apple Intelligence improvements on Friday.
Along with iOS 19, the change also impacts iPadOS 19 (code-named &#8220;Luck&#8221;) and macOS 16 (called &#8220;Cheer&#8221;). It is the biggest update for Mac users since the release of macOS Big Sur in 2020.
Previous reports indicated that iOS 19 would drastically change the Camera app. The iPhone 17 lineup is anticipated to be released in September, after several months of beta testing <a href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more">following the June announcement</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
</ul>
Image Via Shutterstock

AAPL

iPhones After iOS 19 Will Feature A Very Different Look, Here's What's Apple Might Change

ASML and imec sign strategic partnership agreement to support semiconductor research and sustainable innovation in Europe

ASML

ASML And imec Sign Five-Year Strategic Partnership To Advance Semiconductor R&D And Drive Sustainable Innovation Across Europe

As the dot-com bubble peaked in March 2000 and began deflating for several months to come, the stock market in 2025 has already entered the correction territory in March. While there are several narratives suggesting that this is a routine correction, some data suggests that a bear market is coming.
What Happened: The dot-com bubble reached its climax on March 10, 2000, and began to deflate till the Nasdaq Composite index fell by 76.81% in October 2002.
As of Monday, March 10, the Nasdaq 100 has plummeted 12.46% from its previous high of 22,222.61 to 19,430.95 points, whereas the S&amp;P 500 index neared the correction zone, down 8.67% from its 52-week high of 6,147.43 to 5,614.56 points.
Some experts, however, say that the ongoing downfall in the stock market could be a standard correction, while others believe that a bear market possibility is looming large.
Why It Matters: According to Jay Kaeppel, a senior market analyst at Sentimentrader, the U.S. stock market is only "sorta, kinda" oversold. A graph shared by Kaeppel depicted the McClellan Oscillator for the S&amp;P 500 index, which shows that the index was still not oversold enough.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BTW, the U.S. stock market is only "sorta, kinda" oversold. Corrections tend to play out until an actual "washout" occurs. Sorry, I don't make the rules. <a href="https://twitter.com/sentimentrader?ref_src=twsrc%5Etfw">@sentimentrader</a> <a href="https://t.co/kg4bPq7Dvf">pic.twitter.com/kg4bPq7Dvf</a>
&mdash; Jay Kaeppel (@jaykaeppel) <a href="https://twitter.com/jaykaeppel/status/1899064152980591037?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Similarly, Charlie Bilello, the chief market strategist at Creative Planning, shared a list of events that led the S&amp;P 500 down by over 5%. According to him, all the events &#8220;seemed like the end of the world at the time.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has now fallen over 9% from its peak on February 19, the biggest pullback since last August. This is the 30th correction &gt;5% off of a high since the March 2009 low. They all seemed like the end of the world at the time. <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> Video: <a href="https://t.co/bp8qymBdHZ">https://t.co/bp8qymBdHZ</a> <a href="https://t.co/gnv4F6E5li">pic.twitter.com/gnv4F6E5li</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1899251053658247484?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, Liz Ann Sonders, the chief investment strategist at Charles Schwab highlighted that there has been a massive shift in investors&#8217; preferences over this year. While there has been significant outflows from the consumer discretionary and technology stocks, defensive sectors like consumer staples and health care have held up a little better.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Defensive sectors have been holding up this year: Staples' drawdown from its ATH is 2% and Health Care is just 4% below its record; in contrast, both Cons Disc and Tech are in correction territory, with drawdowns of 16% and 11%, respectively ⁦<a href="https://twitter.com/SPDJIndices?ref_src=twsrc%5Etfw">@SPDJIndices</a>⁩ <a href="https://t.co/Ix24U9UlDd">pic.twitter.com/Ix24U9UlDd</a>
&mdash; Liz Ann Sonders (@LizAnnSonders) <a href="https://twitter.com/LizAnnSonders/status/1899103756924465490?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/03/44217379/china-hits-soybeans-with-tariffs-its-largest-us-import-along-with-other-agri-products-here-a-list-of-stocks-and-etfs-that-could-be-impacted">China Hits Its Largest US Import, Soybeans, With Tariffs Along With Other Agricultural Products: Here&#8217;s A List Of Stocks, ETFs That Could Be Impacted</a>
On the other hand, Peter Mallouk, the CEO of Creative Planning, quoted the veteran investors from Fidelity Investments, Peter Lynch, and said, &#8220;Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.&#8221;
According to an old video of Lynch from 1994, market corrections are common. Lynch explains that the market falls by 10% once every two years and over 25% once every six years.
&#8220;You need to know that the markets gonna go down sometime, if you are not ready for that, you shouldn&#8217;t own stocks, and it&#8217;s good when it happens,&#8221; he adds.
However, after the Nasdaq 100 entered the correction zone last week, Jason Goepfert, a consultant at White Oak Consultancy LLC, explained that an additional 3.5% drawdown within the next two weeks <a href="https://www.benzinga.com/25/03/44186189/nasdaq-100-to-enter-bear-market-territory-next-two-weeks-crucial-as-35-fall-following-correction-can-make-it-a-reality-warns-analyst">would lead it to a bear market</a> territory. 
According to the historical data he analyzed, the index entered a bear market each time the index fell more than 3.5% after a correction. The Nasdaq 100 index fell 3.81% on Monday after one trading session following Thursday&#8217;s correction.
Additionally, Howard Marks, the famed investor, who foresaw the dot-com bubble in 2000, once again sounded an alarm on Jan. 7, with his latest memo, ‘<a href="https://www.benzinga.com/25/03/44070216/billionaire-investor-howard-marks-warns-against-ais-powerful-novelty-and-fomo-as-nvidia-other-ai-linked-stocks-tumble-in-2025-this-is-the-kind-of-enthusiasm-that-sometimes-leads-to-bubbles">On Bubble Watch</a>‘. He points to several "cautionary signs" in the current market, including soaring valuations, AI hype, and heavy reliance on mega-cap tech stocks that could lead to a bubble. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, slumped on Monday. The SPY was down 2.66% to $560.58, and the QQQ also declined 3.88% to $472.73, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44186189/nasdaq-100-to-enter-bear-market-territory-next-two-weeks-crucial-as-35-fall-following-correction-can-make-it-a-reality-warns-analyst">Nasdaq 100 To Enter Bear Market Territory? Next Two Weeks Crucial As 3.5% Fall Following Correction Can Make It A Reality, Warns Analyst</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Ratings

History Repeats? Market Enters Correction Zone In The Same Week When Dot-Com Bubble Burst 25 Years Ago: Here's What Experts Are Saying

Strategic software upgrade drives sustainable business growth through improved user experiences, enhanced security performance and lower costs

JNPR

Juniper Networks And Saudi Telecom Company Partner To Elevate 5G Security Through Automation, Cutting Latency By 600% And Power Use By 30%

HSAI

Reported Earlier, Hesai Secures Exclusive Multi-Year Lidar Deal With Leading European OEM For Next-Gen Global Vehicle Platform

The operating partnership intends to use the net proceeds from this offering to repay amounts outstanding from time to time under its lines of credit and its commercial paper program, and for other general corporate and working capital purposes, including funding potential acquisition opportunities.

Reported Earlier, Extra Space Prices $500M Of 5.400% Senior Notes Due 2035 To Refinance Credit Lines

Reported Earlier, Abpro Announces Departure Of Former CEO Ian Chan

COLL

Reported Earlier, Collegium Highlights ADHD Therapy Advances With Jornay PM Posters At 2025 NAPNAP Pediatric Conference

President Donald Trump recently praised Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and announced his intention to buy a Tesla vehicle, amid the EV maker&#8217;s declining market cap.
What Happened: On Tuesday, Trump took to Truth Social to express his support for Musk and Tesla. He accused the &#8220;Radical Left Lunatics&#8221; of attempting to boycott Tesla and harm Musk. 
Trump compared this to his own experiences in the 2024 Presidential election. He also announced his plan to purchase a new Tesla vehicle as a show of confidence and support for Musk. The President says it&#8217;s unfair to target Musk, who is helping to &#8220;Make America Great Again.&#8221;
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="610" height="402" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11020801/image-51.png" alt="" class="wp-image-817883" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11020801/image-51.png 610w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11020801/image-51-300x198.png 300w" sizes="(max-width: 610px) 100vw, 610px" /></figure>
In response, Musk expressed gratitude and thanked Trump on his platform X. In another post, he also shared a 2024 video of Trump learning to drive a Cybertruck.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="597" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11021516/image-52.png" alt="" class="wp-image-817895" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11021516/image-52.png 597w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11021516/image-52-300x70.png 300w" sizes="(max-width: 597px) 100vw, 597px" /></figure>
SEE ALSO: <a href="https://www.benzinga.com/25/03/44239652/cathie-wood-goes-on-shopping-spree-amid-tech-bloodbath-monday-loads-up-on-tesla-palantir-coinbase-and-these-stocks">Cathie Wood Goes On Shopping Spree Amid Tech Bloodbath Monday: Loads Up On Tesla, Palantir, Coinbase And These Stocks</a>
Why It Matters:&nbsp;Trump&#8217;s statement comes at a time when Tesla&#8217;s stock has been under significant pressure. The company has been facing increased competition from Chinese electric vehicle manufacturers, declining demand in Europe, and protests at Tesla facilities. 
Tesla&#8217;s shares have been on a downward spiral, <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44232237/whats-going-on-with-tesla-shares-monday-2">experiencing their worst day</a> in five years during the last session after seven consecutive weeks of declines. When asked on Fox Business, Musk responded that alongside his duties at the White House, he is managing business with &#8220;great difficulty.&#8221; Nevertheless, he expects to continue his DOGE duties for another year and hopes things will even out in the long term.
Notably, while other U.S. automakers are struggling with tariff concerns, Tesla remains unaffected as it manufactures all its cars in California and Texas.
Tesla stock tumbled over 15% on Monday to close at $222.15, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company has lost up to $800 billion in market cap as its stock has fallen over 53% since its Dec. 17 peak.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44235956/tesla-bloodbath-to-continue-hedge-funder-says-musk-circus-could-lead-to-stock-dropping-95">Tesla Bloodbath To Continue? Hedge Funder Says &#8216;Musk Circus&#8217; Could Lead To Stock Dropping 95%</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Plans To Buy A 'Brand New' Tesla To Support Elon Musk As Stock Falls Over 53%, Erasing Nearly $800 Billion In Investor Wealth Since December Peak

New studies reveal that the three-strain Bacillus probiotic can better protect weaned piglets against diverse health challenges.

Reported Earlier, IFF Expands Enviva PRO Probiotic Line To Swine, Enhancing Gut Health And Resilience In Weaned Piglets

The combined entity's aggregate market value is expected to be $2.1 billion (approximately 7.7 billion ILS), a valuation that would place it among the largest publicly traded IT services companies in the U.S and in Europe. Had the Companies already merged in 2024, the combined entity would have reported the following results in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board:
<ul>
<li>Revenues: $2.1 billion.</li>
<li>Gross profit: approximately $382 million (Gross margin: 18.6%).</li>
<li>Operating income: approximately $183 million (Operating margin: 8.9%).</li>
<li>Net income attributable to non-controlling interests: approximately $110.6 million (Net margin: 5.4%).</li>
</ul>
The combined entity is expected to operate in approximately 50 countries, serve around 6,000 active clients, and employ over 15,000 employees.

MGIC

Reported Earlier, Magic Software And Matrix I.T Sign MOU For Strategic Merger To Form $2.1B Global IT Services Leader

<ul>
<li>Pro forma year-end cash now over $700 million</li>
<li>At-the-Market Program has been terminated</li>
</ul>

IONQ

Reported Earlier, IonQ Raises Over $372M Through At-The-Market Offering, Boosts Pro Forma Year-End Cash To $700M

The offering is expected to close on March 12, 2025, subject to customary closing conditions. The Selling Stockholder granted the underwriters a 30-day option to purchase up to 6,750,000 additional shares of Class A Common Stock.

PRMB

Reported Earlier, Primo Brands Prices 45M Share Secondary Offering By One Rock Capital Affiliate At $29.50/Share, With Company Repurchasing 4M Shares

Glauber Contessoto, popularly known as SlumDOGE Millionaire, posted a series of optimistic takes on the cryptocurrency market on Monday, in stark contrast to the ongoing meltdown.
What happened: Contessoto took to X, saying, "The moment of truth, the final shakeout."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The moment of truth, the final shakeout
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1898882628855419217?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In another post, the legendary investor stated, "It's crazy how the bull run hasn't even started."
Given the current state of affairs, the optimism seemed a bit overstated. The total market value of all cryptocurrencies shrank nearly 4% in the last 24 hours, with total liquidations surging 53% to a whopping $954 million.
In fact, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the cryptocurrency that catapulted Contessoto to overnight fame, tumbled 38% over the month.
Contessoto didn't immediately return Benzinga's request for comment on their bullish predictions.
Notably, Contessoto<a href="https://drupal-cloudfront.benzinga.com/topic/slumdoge-millionaire"> gained fame for his early belief</a> in Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), claiming that he went from being a struggling music producer to a millionaire in 69 days.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Why It Matters: Interestingly, influential cryptocurrency analyst, Ali Martinez, felt that Dogecoin's negative sentiment could pave the way for a rebound.
"Historically, extreme fear has set the stage for major reversals. This could be a prime opportunity to be a contrarian," Martinez emphasized.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Investor sentiment around <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> is at its most negative in over a year. Historically, extreme fear has set the stage for major reversals. This could be a prime opportunity to be a contrarian! <a href="https://t.co/Dd0XBTDYoK">pic.twitter.com/Dd0XBTDYoK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1899237833648263398?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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Trader Tardigrade, another well-known chartist and trader, flagged $0.143 and $0.128 as potential reversal levels for Dogecoin.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>&#39;s daily candle is about to close below the last support level at $0.175 &#x1fa78; Next <a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> potential reversal levels are at $0.143 and $0.128 &#x1f4aa; <a href="https://t.co/a5XVVxeIBD">https://t.co/a5XVVxeIBD</a> <a href="https://t.co/i1Fko2iiIG">pic.twitter.com/i1Fko2iiIG</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1899242130679447741?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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Moreover, about 78% of Binance traders were positioned long on Dogecoin as of this writing, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, indicating the possibility of a bullish shift.
Price Action: At the time of writing, Dogecoin was exchanging hands at $$0.1584, plunging 8.64% 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>.
Image via Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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