Streetbeat News

Stock Prices

DDL

Dingdong (Cayman) shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:12 pm

GME

GameStop shares have resumed trading after a temporary halt. This development follows a period of volatility that attracted widespread attention.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:11 pm

TIP

A new poll shows declining approval for President Biden's economic policies, with inflation being a major concern among voters. Approval of Biden's handling of the economy dropped to 39%, with 68% disapproving. Economic issues, particularly inflation, are key voter concerns for the next presidential election. Inflation rates remain above the Federal Reserve's 2% target, challenging hopes for reversed rate hikes. Former President Trump is preferred over Biden in handling the economy, with 43% trust compared to Biden's 35%. The iShares TIPS Bond ETF (TIP) is mentioned with a slight increase in its last trade.

Portfolio Pulse from Shanthi Rexaline

May 13, 2024 | 2:07 pm

GME

GameStop shares were halted due to a circuit breaker triggered by a rapid downside movement, despite the stock being up 99.7%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:06 pm

GME

GameStop shares have resumed trading after a temporary halt. This development is significant for investors and traders who closely follow the stock, known for its high volatility and association with major trading events in recent years.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:05 pm

AVDE

AVSD

UBS

UBS Group AG announced that AT1 bonds worth ~$5 billion are now available for equity conversion, following a shareholder decision. This covers four AT1 issuances since November 2023. UBS reported Q1 FY24 sales of $12.74 billion and EPS of $0.52, surpassing consensus estimates. The bank also anticipates completing the merger with Credit Suisse AG by May 31. UBS stock has gained over 54% in the past year, and investors can gain exposure through AVDE and AVSD ETFs.

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 2:05 pm

KBH

Zelman & Assoc analyst Ivy Zelman downgraded KB Home (NYSE:KBH) from Neutral to Underperform and set a $69 price target. This reflects a negative outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:02 pm

ALGM

Analysts have mixed views on Allegro Microsystems (NASDAQ:ALGM), with ratings ranging from bullish to bearish. The average 12-month price target is now $34.17, down from $38.75, indicating a negative sentiment shift. Recent actions include price target adjustments and new ratings, reflecting analysts' responses to market conditions and company performance. Allegro Microsystems, a key player in sensor ICs and analog power ICs for automotive and industrial markets, faces revenue challenges and a decline in market capitalization, yet shows efficient cost management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:01 pm

GRTS

Gritstone Bio (NASDAQ:GRTS) received mixed analyst ratings, with a recent shift towards more bullish perspectives. The average 12-month price target is now $5.00, down 9.09% from the previous target. Financial challenges include a significant revenue decline and poor profitability metrics. Analysts' actions and price target adjustments reflect dynamic market conditions and company performance.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:01 pm

GME

GameStop shares experienced a significant surge, leading to multiple trading halts due to circuit breakers being triggered. The stock is now up by 110.2%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:00 pm