Streetbeat News

Stock Prices

BTCUSD

Bitcoin (BTC) has seen a significant increase of 4.68% in the last 24 hours, reaching a price of $43,761.00. Over the past week, the cryptocurrency has risen over 14%, up from $38,028.62. Despite this growth, it remains below its all-time high of $69,045.00. Trading volume has surged by 44% in the past week, while the circulating supply has slightly decreased by 0.07%. Bitcoin currently holds the top market cap position at $855.03 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:00 pm

TTWO

The release of the Grand Theft Auto VI trailer before its scheduled time led to a post-market decline in Take-Two Interactive Software Inc's (NASDAQ:TTWO) shares by approximately 7%. Despite the drop, analysts remain bullish on TTWO's future, with Oppenheimer Analyst Martin Yang giving an Outperform rating and a price target of $170 based on a valuation model. Raymond James analyst Andrew Marok also maintained an Outperform rating, noting a slight delay in GTA VI's release to 2025 but maintaining a positive outlook on the game's potential success. The trailer has garnered significant attention, becoming the second most-viewed video game trailer on YouTube.

Portfolio Pulse from Franca Quarneti

December 05, 2023 | 6:50 pm

W

Traders are monitoring Wayfair shares after a note from Gordon Haskett indicated strong web traffic growth during the 'Cyber 5' period, suggesting potential upside to Wayfair's 4Q23 guidance and a path to sustainable growth.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:49 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has seen its stock rise over 10% in the past month, with a recent boost following the delivery event for its new Cybertruck. The event included product demonstrations and was live-streamed on Elon Musk's platform. Wedbush analyst Daniel Ives maintained an Outperform rating and a $310 price target for Tesla. The stock is trending on Yahoo Finance and WallStreetBets and is trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 6:47 pm

PSX

Phillips 66 (NYSE:PSX) has seen a 3.61% increase in short interest since the last report, with 7.82 million shares sold short, representing 2.01% of available shares. It would take about 3.15 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Compared to its peers, Phillips 66 has a lower short interest as a percentage of float, with the peer group average at 8.36%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:45 pm

UL

Unilever (NYSE:UL) has seen a 35.71% decrease in short interest since its last report, with 2.17 million shares sold short, representing 0.09% of available shares. The short interest decline suggests a more bullish sentiment among traders, as it would take only 1.01 days to cover short positions. Unilever's short interest is significantly lower than its peer group average of 7.58%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:45 pm

CTSH

Cognizant Tech Solns (NYSE:CTSH) has seen a 17.19% increase in short interest since its last report, with 6.62 million shares sold short, representing 1.5% of its float. It would take about 1.89 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, CTSH has less short interest compared to its peer group average of 2.31%. The rise in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:45 pm

PNC

The CEO of PNC Financial has indicated that the company has begun to engage in share repurchases. This move suggests that PNC Financial is taking steps to return value to shareholders and may reflect confidence in the company's financial stability and future prospects.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:37 pm

ETN

Over the past 5 years, Eaton Corp (NYSE:ETN) has produced an average annual return of 25.98%, outperforming the market by 14.43% on an annualized basis. A $100 investment in ETN 5 years ago would be worth $317.67 today. Eaton Corp currently has a market cap of $91.30 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:30 pm

ABT

Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 10.95%, outperforming the market by 1.25% on an annualized basis. A $1000 investment in ABT a decade ago would be worth $2,820.16 today. Abbott Laboratories currently has a market capitalization of $182.13 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:30 pm