Streetbeat News

Stock Prices

CDRO

Codere Online Luxembourg shares are trading higher after Stifel maintained a Buy rating on the stock and raised its price target from $8 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:18 pm

HWKN

Hawkins shares are trading higher after the company reported better-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:15 pm

AMZN

BIDU

BP

CL

FSLR

GOOGL

PHYS

Michael Burry's Scion Asset Management LLC has shifted its investment strategy in Q1 2024, focusing on physical commodities and renewable energy while divesting from major tech stocks. The fund's market value increased to $103.49 million, with significant investments in Sprott Physical Gold Trust, Cigna Holding Co, BP Plc ADR, First Solar Inc., and Baidu Inc ADR. Burry also increased stakes in JD.com Inc and Alibaba Group Holdings, while completely exiting positions in Alphabet Inc. and Amazon.com Inc.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 4:14 pm

META

Meta Platforms Inc. is reportedly testing a new feature for its Threads app, similar to Twitter's Tweetdeck, aimed at power users. This move could enhance user engagement and attract more users to the platform.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:12 pm

BIIB

IONS

Ionis Pharmaceuticals and Biogen have decided to terminate the development of BIIB105 for ALS due to lack of efficacy in reducing neurodegeneration markers. Additionally, Biogen has chosen not to license Ionis' ION582 for Angelman syndrome, despite positive safety and functional improvement data. Ionis will independently advance ION582. Both companies' stocks have declined following the news.

Portfolio Pulse from Vandana Singh

May 16, 2024 | 4:11 pm

RDDT

Reddit shares are trading lower amid volatility driven by retail investor interest this week.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:11 pm

FCX

Stephanie Link has increased her investment in Freeport-McMoran, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:11 pm

CRGY

Crescent Energy shares are trading lower after the company announced a definitive agreement to acquire SilverBow.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:11 pm

BIIB

IONS

Shares of Biogen and Ionis Pharmaceuticals are trading lower after the company discontinued development of ALS candidate BIIB105.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:10 pm

MPW

Medical Properties Trust shares are trading lower after the company received a non-compliance notice from the NYSE over a delayed 10-Q.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:08 pm