Streetbeat News

Stock Prices

MANU

Sky News has reported that billionaire Sir Jim Ratcliffe is poised to acquire a stake in Manchester United at $33 per share. This move could signal a significant change in the ownership structure of the football club, which is publicly traded on the New York Stock Exchange under the symbol MANU.

Portfolio Pulse from Charles Gross

November 17, 2023 | 11:38 am

FSR

Fisker Inc. has announced a new distribution strategy that has significantly increased its sales and deliveries, reaching over 100 vehicles per day. This surge in deliveries translates to a revenue of over $7.5 million in just one day.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:36 am

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced that most of its stores will be closed on Thanksgiving Day, marking the first time in its history to do so following employee protests over working conditions. However, about 700 of its 24-hour locations will remain open. The decision reflects the company's acknowledgment of the mounting pressures on pharmacists, including significant prescription backlogs and the increased workload from vaccine administration. Walgreens aims to show appreciation for its employees' hard work by providing time off. WBA shares closed down 3.71% at $20.75 on Thursday.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 11:34 am

SPB

Spectrum Brands Holdings (NYSE:SPB) reported a significant increase in Q4 adjusted EPS to $1.36, up from $0.48 YoY, despite a slight decrease in sales to $740.70M from $749.50M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:33 am

CHRW

CRGX

DAR

PI

Insiders have made notable purchases in four companies: Impinj, CARGO Therapeutics, C.H. Robinson Worldwide, and Darling Ingredients. These purchases suggest insider confidence in the companies' prospects. Impinj and C.H. Robinson reported better-than-expected third-quarter results, while Darling Ingredients reported downbeat sales. CARGO Therapeutics recently had a share offering with an insider lock-up period ending in May 2024.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 11:31 am

SSNLF

Prosecutors are seeking a five-year prison sentence for Jay Y. Lee, the chief of Samsung Electronics (OTC:SSNLF), on charges of fraud and stock manipulation related to a 2015 merger. The trial, which has lasted three years, is expected to conclude in the coming months. Lee's potential incarceration could impact his role in Samsung Electronics, affecting the company's strategic decisions, including mergers and acquisitions.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 11:26 am

NSSC

Needham analyst James Ricchiuti has reaffirmed a Buy rating on NAPCO Security Technologies (NASDAQ:NSSC) and increased the price target from $32 to $34.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:24 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is considering advertising as a strategy to boost sales, as indicated by a job posting for a 'Campaign Manager'. Analysts and stakeholders, including Future Fund's Gary Black, have suggested that advertising could be more effective than price cuts for Tesla. The company has traditionally relied on a direct selling model without significant advertising expenditure. Tesla's stock saw a slight increase of 0.43% in premarket trading to $234.60.

Portfolio Pulse from Shanthi Rexaline

November 17, 2023 | 11:21 am

CYBN

HC Wainwright & Co. analyst Patrick Trucchio has maintained a Buy rating on Cybin (AMEX:CYBN) but has reduced the price target from $10 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:14 am

LI

Li Auto Inc (NASDAQ:LI) announced the start of deliveries for its first battery electric vehicle (BEV), the MEGA, in February. The MEGA received over 10,000 pre-orders in under 2 hours. It offers a 500 km range on a 12-minute charge and is expected to be priced at around 600,000 yuan ($82,796). Li Auto expressed confidence in the MEGA becoming a top choice for families, aiming to lead in sales across all energy and body types. The company also reported crossing 300,000 cumulative deliveries this year, with the Li L7 leading sales and outperforming Tesla in October sales.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 11:08 am