Streetbeat News

Stock Prices

NIO

NIO Inc's stock (NYSE:NIO) rose 5.5% on Dec. 5 due to record Q3 EV deliveries, up 75.4% Y/Y and 142.3% Q/Q, and the acquisition of manufacturing equipment from Anhui Jianghuai Automobile Group. Despite a year-long decline, the stock showed signs of breaking resistance at $8.13. Positive volume balance and RSI divergence suggest potential upward movement, but moving averages indicate a continued decline. NIO was trading at $7.60 at the time of publication.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 5:12 pm

ALLR

CMND

DBI

IBIO

MFH

REPL

U.S. stocks were mixed with the Dow Jones falling 100 points and the NASDAQ rising. Consumer discretionary shares were up, while materials shares dipped. The ISM services PMI increased to 52.7 in November, exceeding estimates. Clearmind Medicine, Allarity Therapeutics, and Mercurity Fintech Holding saw stock price increases due to positive company news. Conversely, Replimune Group, iBio, and Designer Brands experienced significant stock price drops following negative announcements. Oil and gold prices were up, while silver and copper declined. European shares were mostly higher, and Asian markets closed mostly lower. U.S. job openings decreased, and the Economic Optimism Index fell.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 5:11 pm

IOT

On CNBC, Josh Brown, a well-known financial analyst, announced his purchase of shares in Samsara Inc., which led to an immediate spike in the company's stock price. Samsara Inc. is a company that may be involved in the Internet of Things (IOT) sector.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:08 pm

MARA

Marathon Digital Holdings' stock is trading higher after the company released its November mining update. The rise in stock price is also attributed to the ongoing surge in Bitcoin prices, which has positively affected crypto-related stocks.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:05 pm

LUNR

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Intuitive Machines (NASDAQ:LUNR) and maintained a $4 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:03 pm

TVTX

Travere Therapeutics, Inc. (NASDAQ:TVTX) stock is trading higher after announcing FDA regulatory updates. The company completed a successful pre-NDA meeting for Filspari and plans to submit an sNDA in Q1 2024 for full approval. However, the FDA indicated that Phase 3 Duplex study results for FSGS are insufficient for an sNDA submission. Citigroup upgraded the stock from Neutral to Buy with a price target increase from $7 to $10, while HC Wainwright reiterated a Buy rating with an $18 price target. TVTX shares rose 25% to $7.89.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 5:02 pm

KREF

KKR Real Estate Finance (NYSE:KREF) has been rated by 4 analysts in the last quarter, with 3 somewhat bullish and 1 indifferent. The average price target is $13.25, slightly above its current price of $13.00, but down from the previous target of $13.50. Analysts' ratings are based on financial predictions and company research.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:01 pm

SUN

Mizuho has maintained a Neutral rating for Sunoco (NYSE:SUN) and increased its price target from $53.00 to $55.00. Sunoco's shares have risen 1.47% in the last 24 hours to $54.00. The new price target suggests a modest 1.85% potential upside. Sunoco is a master limited partnership involved in wholesale and retail fuel distribution in the U.S., and is the official fuel of NASCAR.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:01 pm

KREF

JMP Securities has reaffirmed its Market Outperform rating for KKR Real Estate Finance (KREF) and increased its price target from $13.00 to $14.50. KREF's shares are currently trading at $13.00, and the new price target suggests a potential upside of 11.54%. KKR Real Estate Finance Trust Inc. specializes in senior mortgage loans secured by commercial real estate assets and aims to provide attractive risk-adjusted returns and capital preservation.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:00 pm

BR

Evercore ISI Group has reaffirmed its Outperform rating on Broadridge Financial Solutions (NYSE:BR) and increased its price target from $226.00 to $230.00. Broadridge's current share price is $195.12, and the new price target suggests a potential upside of 17.88%. Broadridge, spun off from ADP in 2007, provides investor communications and technology-driven solutions in the financial sector.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:00 pm