Streetbeat News

Equity Actions

ONMD

OneMedNet announces that Aaron Green, previously President, has now taken on the additional roles of CEO and board member following the retirement of former CEO Paul Casey. Casey will continue to serve on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:10 pm

LUNG

Pulmonx Corporation (NASDAQ:LUNG) announced the appointment of Mehul Joshi as Chief Financial Officer, effective April 3, 2024. Joshi, with over 30 years of experience in finance and strategic planning, succeeds John McKune. His background includes roles at Gilead Sciences, ResMed Inc., and PhenomeX Inc., highlighting his capability to lead global finance teams and contribute to Pulmonx's growth strategies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:09 pm

INTC

Intel has introduced a new financial reporting structure aligned with its Foundry operating model for 2024 and beyond. The company provided recast financial results for 2023, 2022, and 2021, outlining a path for long-term growth and profitability of Intel Foundry. The new structure aims at improving financial performance and increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

ROK

Recent analyst ratings for Rockwell Automation (NYSE:ROK) show a mix of perspectives, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target has been adjusted to $284.89, a decrease from the previous $306.88. Analysts from firms like Barclays, JP Morgan, and Citigroup have updated their ratings and price targets, reflecting changes in market conditions and company performance. Rockwell Automation's financial indicators such as market capitalization, revenue growth, net margin, ROE, and ROA remain strong, though debt management poses a challenge.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:01 pm

HD

Home Depot (NYSE:HD) has seen significant options activity, indicating a bullish sentiment among big-money investors. Benzinga's options scanner revealed 11 unusual trades, with a sentiment split of 63% bullish and 36% bearish. The trades suggest a target price range of $330 to $380 for HD. The largest trades include both bullish and neutral sentiments, with expiration dates ranging from 2024 to 2024. Home Depot is currently trading at $365, down by 0.82%, with an RSI suggesting a neutral position. Analyst ratings are generally positive, with a consensus target price of $404.4.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

ETSY

Etsy's (NYSE:ETSY) short interest has decreased by 3.97% since the last report, with 15.56 million shares sold short, representing 15.0% of its float. The current short interest suggests a bearish sentiment, but the decrease indicates a potential shift towards a more bullish outlook. Compared to its peers, Etsy has a higher short interest percentage of 8.38%, indicating more bearish sentiment among investors towards Etsy than its peers.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:15 pm

DBX

Dropbox's (NYSE:DBX) short interest has increased by 29.66% since the last report, with 19.68 million shares sold short, representing 8.83% of its float. This indicates a bearish market sentiment towards DBX, although it doesn't necessarily predict a price drop. Dropbox's short interest is higher than its peer group average of 4.94%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:15 pm

ALLE

Four analysts have recently updated their ratings on Allegion (NYSE:ALLE), all maintaining an 'Indifferent' stance with updated price targets, reflecting a slight optimism in their outlook. The average 12-month price target for Allegion has been raised to $131.0, indicating a 0.96% increase from the previous target. Allegion, a global security products company, has shown positive financial performance with a revenue growth rate of 4.17% and a net margin of 13.22%, outperforming industry averages. However, its high debt-to-equity ratio of 1.53 poses a challenge.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:01 pm

KMT

Analyst ratings for Kennametal (NYSE:KMT) show a mix of indifference and slight bearishness, with 3 indifferent and 1 somewhat bearish ratings in the last quarter. The average 12-month price target is $24.25, down 5.53% from the previous target. Kennametal's market performance indicators such as revenue decline, high net margin, and strong ROE and ROA are highlighted, alongside its debt management. The company's market cap is below industry average, indicating a smaller scale compared to peers.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:00 pm

MMM

SOLV

Solventum shares are trading lower after its recent spinoff from 3M, indicating a potential short-term negative impact on SOLV's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:50 pm