Streetbeat News

Stock Prices

CURLF

Curaleaf Holdings, Inc. is reorganizing its U.S. operations and has received conditional approval to list its subordinate voting shares on the Toronto Stock Exchange (TSX). A third-party investor has purchased one share of Class A voting stock in Curaleaf USA for $1 million, giving them voting rights and the ability to appoint a director to the board. Curaleaf retains 99.9% economic ownership through Class B non-voting stock. This move allows Curaleaf to attract investors with deeper pockets, as U.S. federal illegality restricts them from listing on Nasdaq or NYSE. Curaleaf's shares (CURLF) were slightly up at the time of reporting.

Portfolio Pulse from Jelena Martinovic

December 11, 2023 | 8:18 pm

ADC

APLE

CUBE

DRH

EQR

GLPI

NSA

SHO

VNO

Analysts have downgraded several REITs, potentially signaling a shift in momentum after a strong five-week run. Vornado Realty Trust (VNO) was downgraded by Evercore ISI Group from In-Line to Underperform with a raised price target. National Storage Affiliates Trust (NSA), CubeSmart (CUBE), Equity Residential (EQR), Gaming and Leisure Properties Inc. (GLPI), and Agree Realty Corp. (ADC) also saw downgrades from analysts with various adjustments to their price targets. Additionally, Wells Fargo downgraded three hotel REITs: Apple Hospitality REIT Inc. (APLE), Diamondrock Hospitality Co. (DRH), and Sunstone Hotel Investors Inc. (SHO).

Portfolio Pulse from Ethan Roberts

December 11, 2023 | 8:12 pm

RRX

Regal Rexnord's stock (RRX) has seen an uptick in trading after Wolfe Research upgraded its rating from Peer Perform to Outperform, with a new price target set at $151.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:01 pm

APD

Over the past 20 years, Air Products & Chemicals (NYSE:APD) has produced an average annual return of 8.85%, outperforming the market by 1.4% annually. A $1000 investment in APD 20 years ago would be worth $5,526.29 today. The company's current market capitalization is $58.50 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:00 pm

ROP

Over the past 10 years, Roper Technologies (NASDAQ:ROP) has produced an average annual return of 15.16%, outperforming the market by 5.2% on an annualized basis. With a current market cap of $57.70 billion, a $100 investment in ROP a decade ago would be worth $409.06 today.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:00 pm

PARA

Over the last quarter, Paramount Global (NASDAQ:PARA) received 9 analyst ratings with 3 bullish, 4 somewhat bearish, and 2 bearish. The average 12-month price target for PARA is $12.67, down from the previous $18.40, indicating a negative sentiment shift among analysts. The high target is $19.00 and the low is $9.00.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:00 pm

MSTR

Over the past 3 months, 4 Wall Street analysts have unanimously given MicroStrategy (NASDAQ:MSTR) a bullish rating. The 12-month price targets for MSTR range from $554.00 to $690.00, with an average target of $646.00, which has increased by 18.48% over the past month. Analysts typically review stocks quarterly and base their ratings on financial statements, company calls, and insider communications.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:00 pm

TTWO

The release of the 'Grand Theft Auto VI' trailer has sparked fan speculation about the identity of a bikini-clad character, with many believing she is Lucia, the game's protagonist. Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games has not confirmed any details, leading to debates on social media. The game is highly anticipated, with no release date or gameplay specifics yet revealed.

Portfolio Pulse from Franca Quarneti

December 11, 2023 | 7:55 pm

AVAXUSD

BTCUSD

ETHUSD

USDCUSD

XRPUSD

The crypto markets are experiencing a downturn with significant liquidations and a drop in the global crypto market cap. Bitcoin's dominance stands at 52.0%, and most cryptocurrencies are trading sideways or in the red, except for USDC and AVAX. The market is awaiting the FOMC's final meeting of 2023 and inflation data, with expectations that the Fed will maintain interest rates. Bitcoin has declined to $40,978, a 6.6% drop, with Ethereum and XRP seeing similar losses. The market is also looking forward to the Bitcoin halving event and the potential approval of a spot Bitcoin ETF.

Portfolio Pulse from Khyathi Dalal

December 11, 2023 | 7:55 pm

GIL

Gildan Activewear's stock is trading lower following the announcement that Glenn J. Chamandy has stepped down as President, CEO, and director. Chamandy released a statement after the company's announcement.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:53 pm