Streetbeat News

Stock Prices

SFM

Sprouts Farmers Market shares rose following an upgrade by Evercore ISI Group from In-Line to Outperform, with a price target increase from $96 to $120.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:59 pm

PCT

Sylebra Capital has increased its stake in PureCycle Technologies by purchasing 6.76 million shares at an average price of $3.33 per share, totaling approximately $22.53 million.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:58 pm

INTC

Intel Corporation (NASDAQ:INTC) shares are trading higher after reports that the company qualifies for up to $3.5 billion in federal grants to produce semiconductors for the Pentagon. This potential funding is part of the Chips and Science Act, aimed at securing advanced chip production for military purposes.

Portfolio Pulse from Dylan Berman

September 16, 2024 | 2:56 pm

MSTR

MicroStrategy's stock is experiencing a decline following Canaccord Genuity's decision to lower its price target from $185 to $173.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:56 pm

CVNA

Carvana shares increased following Evercore ISI's decision to raise its price target from $142 to $157.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:50 pm

KAPA

Kairos Pharma has priced its IPO at $4.00 per share, raising $6.2 million. The company will trade on the NYSE American under the symbol 'KAPA' starting September 16, 2024. The funds will support clinical trials for lung and prostate cancer, as well as preclinical candidates.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:50 pm

IBM

IBM has seen a surge in options activity, with significant interest from large investors. The options activity is split between bullish and bearish sentiments, with a notable focus on call options. Analysts have mixed ratings on IBM, with target prices ranging from $145 to $240.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 2:45 pm

ETSY

Investors with significant capital have taken a bearish stance on Etsy, as indicated by recent options trades. The sentiment is split, with 37% bullish and 50% bearish. Analysts have downgraded Etsy's rating to Neutral, with price targets between $50 and $56. Etsy's stock is currently down 2.71% at $54.14.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 2:45 pm

BABA

LI

NIO

PDD

US-listed Chinese stocks, including Alibaba, PDD Holdings, NIO, and Li Auto, are trading lower due to weak economic data from China and increased US tariffs on Chinese goods. The economic data showed a slowdown in factory output, consumption, and investment, with rising unemployment and falling home prices. The US announced significant tariff hikes on Chinese goods, affecting electric vehicles and other sectors.

Portfolio Pulse from Erica Kollmann

September 16, 2024 | 2:41 pm

AAPL

AMD

ARM

AVGO

MRVL

NVDA

Arm Holdings is considered a strong AI play but is not recommended for buying due to high growth expectations already being priced in. The company has a hold rating from Benchmark, with no price target set. Arm's stock trades at twice the forward multiples of its AI peers.

Portfolio Pulse from Priya Nigam

September 16, 2024 | 2:35 pm