Streetbeat News

Earnings

SB

Safe Bulkers (NYSE:SB) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $0.17. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates by $0.02 but resulting in a 0.94% share price increase the following day. Over the last year, SB shares have risen by 26.44%, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

MRNA

A surge in options activity for Moderna (NASDAQ:MRNA) has been observed, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 17 unusual trades, with a split sentiment of 41% bullish and 58% bearish. The trades target a price range of $50.0 to $110.0 for Moderna. The company, known for its mRNA technology and COVID-19 vaccine, is currently trading at $93.33, with an RSI indicating it may be oversold. An earnings announcement is expected in 13 days, and an analyst from RBC Capital has set a price target of $125 with an Outperform rating.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

SXT

Sensient Technologies shares are trading lower following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:59 pm

WPC

W.P. Carey shares are trading lower following the announcement of worse-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:57 pm

CYBR

Cyberark's stock price increased after several analysts upgraded their price targets following the company's earnings report on Thursday.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:56 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher as Bitcoin (BTC) surpassed $47,000 for the first time since 2022. Coinbase's stock, despite a rough start in 2024 with a 19% decline due to the approval of Bitcoin ETFs, has seen nearly a 10% increase following a more than 10% rise in Bitcoin over the past five days. Coinbase is expected to report Q4 financial results on Feb. 15, with earnings of 2 cents per share and revenue of $823.85 million anticipated. The stock has an average 1-year price target of $125.73, indicating a potential downside, with analyst opinions divided.

Portfolio Pulse from Erica Kollmann

February 09, 2024 | 3:55 pm

SYBX

Synlogic Inc (NASDAQ:SYBX) announced the discontinuation of its Synpheny-3 study for PKU treatment due to unlikely achievement of its primary endpoint, not related to safety concerns. The company plans to evaluate strategic options, including mergers or asset sales, and will reduce its workforce by over 90%. The company's cash balance as of December 31, 2023, was $47.7 million. Shares plummeted 51.31% to $1.67.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 3:53 pm

BILL

BILL Holding's shares declined following the announcement of its Q2 financial results and future guidance for Q3 and FY24. Additionally, Wells Fargo adjusted its stance on BILL, maintaining an Equal-Weight rating but reducing the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:52 pm

SHOP

Smart money investors have shown a significant bullish interest in Shopify (NYSE:SHOP) options, with a notable volume of trades indicating a price target range of $65.0 to $120.0 over the next three months. The analysis of 26 unusual options trades revealed a 65% bullish and 34% bearish sentiment among big-money traders, with a total call option value of $1,372,842 compared to $118,371 in puts. The most significant options trades were bullish call sweeps with expiration dates ranging from 2024 to 2025 and strike prices around $95.00 and $65.00. Shopify's current stock price is up 2.42% at $90.0, with an anticipated earnings release in 4 days, suggesting potential short-term volatility.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:46 pm

NWL

Newell Brands' shares dropped following the announcement of their Q4 financial results, accompanied by a weaker than expected guidance for Q1 and the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:45 pm