Streetbeat News

Equity Actions

STVN

Stevanato Group's stock price increased following the announcement of a $300 million public offering. This move indicates the company's strategy to raise capital, potentially for expansion or operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:19 pm

NDAQ

RDDT

Nasdaq announced plans to list options for Reddit Inc on all six of its exchanges, pending approval from its listing qualifications team. The listing is set to begin on Monday, March 25, according to a Nasdaq spokesperson cited by Reuters.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 6:30 pm

BOOT

Boot Barn Holdings (NYSE:BOOT) has been analyzed by 4 analysts in the last three months, showing a mix of bullish to bearish sentiments. Recent ratings have shifted, with an average 12-month price target of $93.75, up from $87.00. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Boot Barn's financial health indicators such as revenue growth, net margin, ROE, and ROA surpass industry benchmarks, despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:00 pm

FCNCA

Goldman Sachs analyst Ryan Nash initiated coverage of First Citizens BancShares Inc (NASDAQ:FCNCA) with a Buy rating and a price target of $1,950, citing above-peer loan growth, cost controls, and potential for significant share buybacks. The bank is expected to return between $4.2 billion and $6.5 billion in share buybacks by the end of 2025, surpassing current consensus expectations. Despite elevated credit losses in high-risk portfolios, reserves are deemed adequate with potential for improvement.

Portfolio Pulse from Priya Nigam

March 21, 2024 | 5:54 pm

AMZN

DKNG

DKS

EXPE

NKE

PDD

PTON

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call sweeps on TSLA and PDD, bullish calls on DKS, PTON, AMZN, and DKNG, a bearish put on F, and a neutral put on EXPE. The activity suggests varied investor sentiment across these stocks, with significant trades made on options expiring from 1 to 666 days out.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:35 pm

RDDT

Reddit Inc (NYSE:RDDT) opened for trading at $47, surpassing its targeted IPO range of $31-$34. The IPO was five times oversubscribed, indicating strong investor interest. Analysts predict a significant impact on the tech industry, with Reddit allocating 8% of IPO shares to its active users and insiders. Despite negative discussions on r/WallStreetBets, Reddit's stock rose to $52 post-IPO. This marks Reddit as the first major IPO of 2024, potentially influencing the IPO market's future.

Portfolio Pulse from Adam Eckert

March 21, 2024 | 5:24 pm

RDDT

Reddit's shares opened for trading at $47 per share, significantly higher than its IPO price of $34 per share.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:16 pm

RDDT

Reddit shares are expected to open between $47 and $48, significantly higher than the IPO price of $34, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:11 pm

RDDT

Reddit shares are expected to open between $48-$49, significantly higher than the IPO price of $34, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:06 pm

OGS

Analysts have diverse views on ONE Gas (NYSE:OGS), with recent evaluations ranging from bullish to indifferent. The average 12-month price target for OGS has been raised to $60.88, up 4.07% from the previous target. The company faces challenges in revenue growth, profitability, and asset utilization, with a significant revenue decline of -25.95% over the last 3 months and below-average performance metrics compared to the industry.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:00 pm