Streetbeat News

Stock Prices

BITF

Bitfarms has announced the termination of CEO Geoffrey Morphy and is nearing the completion of its search for a new CEO. The company, which is listed on both the NASDAQ and TSX under the symbols BITF and TSX:BITF respectively, is in the process of leadership transition.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:02 am

LEGN

Legend Biotech (NASDAQ:LEGN) reported Q1 2024 earnings with a GAAP EPS of $(0.16), surpassing the $(0.34) estimate, indicating a significant improvement over the previous year. However, their sales of $93.991M fell short of the expected $152.631M, despite being a substantial increase from the previous year's $36.336M.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:02 am

AVB

Evercore ISI Group analyst Steve Sakwa downgraded AvalonBay Communities (AVB) from Outperform to In-Line and set a price target of $202. This adjustment reflects a change in the analyst's outlook on the stock, potentially due to market conditions, company performance, or sector challenges.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:57 am

EQR

Evercore ISI Group analyst Steve Sakwa downgraded Equity Residential (EQR) from Outperform to In-Line and set a $70 price target.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:55 am

BYON

HLF

KMPR

MCFT

Insiders at Beyond, Herbalife, MasterCraft Boat Holdings, and Kemper have made significant stock purchases, indicating potential confidence in their companies' futures. These transactions range from around $158,220 to over $3 million, with each company having recent financial results that could influence these decisions.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 10:48 am

JNJ

KVUE

Kenvue Inc. announced a secondary offering of 182.3 million shares by selling stockholders, with no proceeds going to Kenvue. Johnson & Johnson will exchange its Kenvue shares for indebtedness held by Goldman Sachs & Co. LLC and J.P. Morgan, who will then sell the shares in the offering. Post-offering, Johnson & Johnson will not own any Kenvue shares.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:48 am

PR

Permian Resources Corp (NYSE:PR) announced a secondary public offering of 51.8 million shares of Class A common stock by affiliates of EnCap Investments, NGP Energy Capital, Pearl Energy Investments, Riverstone Investment Group, and a board member. The company will not sell any shares or receive proceeds from this offering. Concurrently, Permian plans to purchase 1.8 million OpCo Units from some sellers, with the purchase conditioned on the offering's completion.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:39 am

FTRE

Fortrea Holdings (NASDAQ:FTRE) reported Q1 2024 adjusted EPS of $(0.04), missing the $0.01 estimate, and sales of $662.1M, missing the $754.577M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:33 am

PENN

B of A Securities analyst Shaun Kelley downgrades PENN Entertainment (NASDAQ:PENN) from Buy to Neutral and lowers the price target from $28 to $17.5.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:27 am

AMZN

VCR

XLY

Amazon.com Inc is investing over $1.3 billion in its French operations, aiming to create 3,000 jobs, focusing on cloud infrastructure for AI and logistics. This is part of France's push to become an AI hub, with involvement from other tech giants. Amazon's stock is accessible through ETFs like XLY and VCR.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 10:20 am