Streetbeat News

Stock Prices

NKLA

A significant number of Nikola Corporation put options were traded at the bid price. Specifically, 25,000 contracts for January 19th $2 puts were purchased at $1.29 each, compared to an open interest of 78,302 contracts. This activity occurred with Nikola's stock reference price at $0.7256.

Portfolio Pulse from Charles Gross

December 13, 2023 | 6:31 pm

MRNA

Moderna Inc (NASDAQ:MRNA) stock fell by 4.5% to $74.50 amid a broader sell-off in COVID vaccine stocks triggered by Pfizer Inc.'s FY24 guidance, which was below consensus estimates. Pfizer's guidance included projections from the Seagen Inc acquisition. Investors are reassessing expectations for companies like Moderna, leading to a decline in their stock prices. Moderna has a 52-week range between $217.25 and $62.55.

Portfolio Pulse from Henry Khederian

December 13, 2023 | 6:30 pm

ALGT

Raymond James analyst Savanthi Syth has maintained an Outperform rating on Allegiant Travel (NASDAQ:ALGT) but reduced the price target from $118 to $110.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:30 pm

AAPL

AMZN

FWONA

FWONK

NFLX

Netflix Inc (NASDAQ:NFLX) is expanding into live sports, leveraging the success of its sports docuseries. The company announced 'The Netflix Slam,' a tennis match between Rafael Nadal and Carlos Alcaraz, to be streamed live on March 3, 2024. Netflix's sports docuseries have been successful, with 'Drive to Survive' contributing to the growth of Formula 1 in the U.S. Netflix's engagement report shows significant viewership hours for its sports series. The company is exploring live content, following in the footsteps of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL), but focusing on smaller sports rights and live specials rather than costly major sports rights.

Portfolio Pulse from Chris Katje

December 13, 2023 | 6:24 pm

GTHX

G1 Therapeutics shares have resumed trading. The company, likely referenced by its ticker symbol GTHX, had a trading halt which has now been lifted, allowing for normal trading activity to continue.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:23 pm

UNH

Stephens & Co. analyst Scott Fidel has reiterated an Overweight rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $585.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:19 pm

GTHX

Shares of G1 Therapeutics have been halted on a circuit breaker due to a sharp decline, with the stock currently down by 29.2%.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:19 pm

CMCSA

DIS

PARA

SNAP

Major U.S. companies Walt Disney and Comcast have increased their advertising spending on Instagram, while Paramount has tripled its spending on Snapchat, following a pause in advertising on Elon Musk's social media platform X due to antisemitic content concerns. Sensor Tower data indicates Disney and Comcast raised their ad spending by 40% and 6% respectively. The shift in ad spending highlights the challenges Musk faces with advertisers leaving X, which has also experienced a 16% drop in monthly active users since Musk's acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:16 pm

ETSY

Etsy shares are trading lower following the announcement of a restructuring plan that involves an 11% reduction in the Etsy marketplace workforce.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:15 pm

NEE

NextEra Energy Inc. (NYSE:NEE) shares saw a slight increase of 0.02% in the current session, trading at $59.53. Despite a 5.51% rise over the past month, the stock has fallen 29.91% in the past year. The P/E ratio of NextEra Energy is lower than the Electric Utilities industry average, suggesting potential undervaluation or weaker growth prospects. Investors are advised to consider the P/E ratio among other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 6:15 pm