Streetbeat News

Stock Prices

ESPR

Esperion's shares surged following the FDA's approval of broad labels for NEXLETOL and NEXLIZET, allowing their use to prevent heart attacks and cardiovascular procedures, irrespective of statin use.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:44 am

AMD

INTC

NVDA

Shares of Advanced Micro Devices (AMD) fell in premarket trading after reports that China plans to eliminate U.S.-made microprocessors from government computers, affecting AMD and Intel. Nvidia (NVDA), on the other hand, saw a premarket increase, attributed to its diverse AI accelerator applications and less direct impact from the Chinese decision. This development is part of China's effort to promote domestic technology amidst trade tensions with the U.S.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 10:43 am

BIGC

B of A Securities analyst Koji Ikeda downgraded BigCommerce Holdings (NASDAQ:BIGC) from Neutral to Underperform and reduced the price target from $11 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:42 am

AXSM

Axsome Therapeutics' stock is trading higher after its AXS-12 drug successfully met the primary endpoint in the SYMPHONY phase 3 trial for treating narcolepsy.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:41 am

ASC

KRP

NAT

Wall Street's most accurate analysts recommend buying three energy stocks with high dividend yields: Nordic American Tankers Limited (NAT), Kimbell Royalty Partners, LP (KRP), and Ardmore Shipping Corporation (ASC). These stocks offer dividend yields ranging from 5.14% to 12.21%. Analysts from Jefferies, B. Riley Securities, Raymond James, Keybanc, and Stifel have provided ratings and price targets for these stocks, highlighting their potential despite recent market turbulence.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:34 am

AIM

BCOV

CIA

PSIX

Insiders at AIM ImmunoTech, Citizens, Inc., Power Solutions International, and Brightcove have recently made significant stock purchases. These transactions indicate insider confidence in the companies' prospects. Notably, these stocks are priced under $3, attracting attention from investors interested in penny stocks. Each company has had recent developments, such as executive appointments and financial results announcements, which could influence investor perception and stock performance.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:33 am

BA

Boeing's largest labor union, the International Association of Machinists District 751, representing 32,000 workers in Washington state, is pushing for a board seat to address quality control issues, following a recent incident where a door panel detached from a 737 Max plane. The union is also seeking a 40% pay rise over three years and wants Boeing's next aircraft to be built in Washington state. Negotiations for a board seat will start with contract talks and aim towards a campaign for the 2025 shareholder meeting. Corporate governance experts express concerns over potential conflicts of interest with union representation on corporate boards.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 10:25 am

LITB

LightInTheBox Holding (NYSE:LITB) reported a decrease in Q4 earnings per share from $0.07 last year to $0.04 this year, and a 13.31% drop in sales from $156.42M to $135.60M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:04 am

RACE

Ferrari N.V. (NYSE:RACE) has experienced a significant sales surge in Taiwan, outpacing China and Hong Kong, attributed to the wealth boom among the country's chip industry leaders and the diversification of global supply chains. The company's CEO, Benedetto Vigna, highlighted the rapid growth in Taiwan's demand for supercars, driven by the semiconductor industry's success. Ferrari's sales in Taiwan have doubled in the past four years, with shipments to mainland China and Taiwan increasing from 5% of total sales in 2020 to nearly 11% in 2023. This growth comes as Ferrari shifts towards electric and hybrid cars, planning for 60% of its sales to be in these categories by 2026.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 9:50 am

UAL

The Federal Aviation Administration (FAA) is considering limiting new routes for United Airlines due to recent safety incidents. This move could impact United's expansion plans and operational flexibility.

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:41 am