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Stock Prices

MRO

Morgan Stanley analyst Devin McDermott has downgraded Marathon Oil (NYSE:MRO) from Overweight to Equal-Weight and reduced the price target from $27 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:54 am

KTB

Kontoor Brands has announced a new share repurchase program of up to $300 million, replacing the previous program from August 5, 2021. The company plans to fund the buybacks through operational cash flow.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:51 am

VAPO

Vapotherm has notified the NYSE of its intention to voluntarily delist its common stock. The company is seeking to transfer its shares to the OTCQX, a trading platform for over-the-counter stocks.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:48 am

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are declining in premarket trading after an announcement that Lucid will be removed from the Nasdaq 100 Index. The removal is due to the annual reconstitution of the index, which considers factors like market capitalization and trading volume. Lucid has faced challenges with production and deliveries, leading to a significant drop in its stock price from post-IPO highs. The removal from the index could lead to further selling pressure as index-tracking funds may divest from the stock. In premarket trading, LCID's stock fell 6.43% to $4.43.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 11:45 am

BA

Boeing Co (NYSE:BA) is reportedly set to name Stephanie Pope as its new Chief Operating Officer. Pope's appointment could be announced as early as Monday, positioning her as a potential successor to CEO David Calhoun. Pope has been instrumental in Boeing's services division, which is currently the only profitable segment of the company. Other executives considered for the COO role will continue in their current positions. Boeing's shares are trading slightly lower in premarket.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 11:42 am

BTCUSD

Wikipedia co-founder Jimmy Wales criticized Bitcoin, stating that unlike banks, Bitcoin doesn't work, as evidenced by the fact that losing a bank password doesn't result in a total loss of net worth. His comments sparked responses from Bitcoin advocates like Samson Mow and Eric Voorhees, who highlighted Wikipedia's missed financial opportunity by not investing in Bitcoin. The Wikimedia Foundation ceased accepting cryptocurrency donations in 2022. BTC price was down 3.52% at $42,250.90.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 11:39 am

ALLR

Allarity Therapeutics announced the termination of James Cullem as CEO and the appointment of Thomas Jensen as the new CEO on December 8, 2023.

Portfolio Pulse from Charles Gross

December 11, 2023 | 11:33 am

CRSP

JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on CRISPR Therapeutics (NASDAQ:CRSP) and increased the price target from $74 to $80.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:29 am

EQR

Mizuho analyst Haendel St. Juste has downgraded Equity Residential (EQR) from Buy to Neutral and reduced the price target from $62 to $58.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:23 am

AAPL

Wedbush analyst Daniel Ives has raised the price target for Apple Inc. (NASDAQ:AAPL) from $240 to $250 and maintains an Outperform rating. Ives predicts Apple will reach a $4 trillion valuation by the end of 2024, driven by strong iPhone sales and a shift in production from China to India. He anticipates a robust holiday season and a renaissance of growth for the company.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 11:21 am