Streetbeat News

Stock Prices

BLUE

Bluebird Bio, Inc. (NASDAQ:BLUE) announced FDA approval of LYFGENIA for sickle cell disease treatment in patients 12+ with a history of vaso-occlusive events. LYFGENIA, a one-time gene therapy, aims to resolve these events and treat the disease's underlying cause. The approval is based on data from the HGB-206 study, with 94% of evaluable patients experiencing resolved severe VOEs. Bluebird plans to make LYFGENIA available in early 2024 through its Qualified Treatment Centers. The company will host a conference call to discuss the approval.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:36 pm

CHWY

Chewy Inc (CHWY) reported Q3 2023 results with revenue of $2.74 billion, missing estimates by $0.02 billion, but EPS of 15 cents beat the six-cent loss expected. Analysts from Needham, RBC Capital, Piper Sandler, and Morgan Stanley have expressed concerns over top-line challenges and adjusted their price targets accordingly. The company's stock price declined by 2% in aftermarket trading. Management is prepared for a potential demand moderation in FY24 and has already cut 8% of corporate employees. Analysts are looking forward to the company's investor day for insights on long-term strategies.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 5:35 pm

GMS

RBC Capital analyst Mike Dahl has maintained a 'Sector Perform' rating on GMS Inc. (NYSE:GMS) and increased the price target from $68 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:34 pm

Planet Labs shares dropped after reporting mixed Q3 results. Craig-Hallum downgraded the stock from Buy to Hold with a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:32 pm

AENT

CONN

CURV

DLA

FFIE

GDHG

HCDIP

KAVL

QSG

SPGC

XPOF

In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Faraday Future (FFIE) saw a 29.6% increase, while Torrid Holdings (CURV) rose by 20.6% following their Q3 earnings release. Sacks Parente Golf (SPGC), Harbor Custom Dev (HCDIP), QuantaSing Group (QSG), and Conn's (CONN) also saw gains. Conversely, Golden Heaven Group Hldgs (GDHG), Kaival Brands Innovations (KAVL), Delta Apparel (DLA), Alliance Entertainment (AENT), RH (RH), and Xponential Fitness (XPOF) faced declines, with RH and DLA dropping post Q3 and Q4 earnings reports, respectively.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:31 pm

ALXO

AQB

CANO

CDT

INTS

MDRX

During Friday's intraday session, several healthcare stocks experienced significant movements. Intensity Therapeutics (INTS) saw a notable increase of 107.2%, while Conduit Pharmaceuticals (CDT) and ALX Oncology Holdings (ALXO) also saw substantial gains. On the other hand, AquaBounty Techs (AQB), Veradigm (MDRX), and Cano Health (CANO) were among the stocks that declined. These movements reflect the dynamic nature of the healthcare sector and may be influenced by company-specific news or broader market trends.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:31 pm

AULT

ELIQ

EVTL

GETR

NOTE

NXU

PPIH

SATL

UGRO

VIEW

VIRC

VLD

During Friday's intraday session, several industrial stocks experienced significant movements. View, Virco Mfg, Perma-Pipe Intl Hldgs, FiscalNote Holdings, Vertical Aerospace, and Ault Alliance saw their shares rise by 32.0%, 19.25%, 17.67%, 15.83%, 14.44%, and 13.71% respectively. On the other hand, Velo3D, Electriq Power Holdings, Nxu, Urban-gro, Getaround, and Satellogic experienced declines in their share prices by 17.0%, 14.86%, 11.99%, 10.26%, 9.6%, and 9.02% respectively. The movements were attributed to various factors including earnings releases and market dynamics.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:31 pm

CMTL

COMSP

HCP

VRME

In Friday's intraday session, several IT stocks experienced significant movements. ComSovereign Holding (COMSP) saw a 56% increase, while VerifyMe (VRME) rose by 19.3%. SemiLEDs (LEDS) and Inuvo (INUV) also gained, with rises of 15.79% and 13.1% respectively. MicroAlgo (MLGO) and Casa Systems (CASA) saw increases of 11.46% and 10.37%. On the downside, Cyngn (CYN) dropped by 48.5%, Comtech Telecom (CMTL) fell by 28.92% following Q1 earnings, and HashiCorp (HCP) declined by 18.72% after Q3 earnings. Sigmatron Intl (SGMA), ReAlpha Tech Corp (AIRE), and Actelis Networks (ASNS) also saw their stocks fall by 16.51%, 10.4%, and 10.02% respectively.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

Over the past 10 years, Cigna Group (NYSE:CI) has produced an average annual return of 11.68%, outperforming the market by 1.79% on an annualized basis. A $1000 investment in CI stock a decade ago would be worth $2,987.67 today. Cigna Group currently has a market capitalization of $74.42 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

MTDR

Over the past 10 years, Matador Resources (NYSE:MTDR) has produced an average annual return of 10.95%, outperforming the market. A $1000 investment in MTDR a decade ago would now be worth $2,713.20. The company's current market capitalization stands at $6.35 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm