Streetbeat News

Stock Prices

Benchmark analyst Fawne Jiang has reiterated a Buy rating on JOYY Inc. (NASDAQ:YY) and maintained a $49 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:55 pm

LUNCUSD

Binance has intensified its LUNC burn campaign, burning 3.9 billion LUNC tokens, bringing its total to 43 billion, which is 52% of the community's 83 billion burned tokens. This has led to a surge in LUNC's price, with an 88% gain in the past week and a 124% increase over the past month. Binance also launched USTC perpetual contracts with up to 50x leverage and new trading pairs. USTC, a stablecoin, has seen a 351% increase in the past month.

Portfolio Pulse from Khyathi Dalal

December 01, 2023 | 5:54 pm

VFS

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a $7 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:51 pm

EADSY

Airbus SE's subsidiary AALTO HAPS Ltd. is developing high-altitude, solar-powered drones in Kenya to provide communication services and earth observation. The Zephyr aircraft can stay airborne for days and will operate from global bases, starting with Kenya. These drones offer detailed remote observation and connectivity, especially in remote areas. AALTO plans to start operations next year and serve customers from Q3, potentially creating up to 1,000 jobs. The drones operate at a lower altitude than SpaceX's satellite networks.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 5:49 pm

CLSK

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cleanspark (NASDAQ:CLSK) and maintained a $10 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:49 pm

ZUMZ

Zumiez Inc. stock is trading higher following the announcement of third-quarter results that surpassed expectations. Additionally, the company provided fourth-quarter sales guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:46 pm

ULTA

Ulta Beauty, Inc. (NASDAQ: ULTA) stock is trading higher after reporting Q3 earnings of $5.07 per share, surpassing estimates of $4.95, and sales of $2.49 billion, exceeding the $2.47 billion estimate. The company also updated its fiscal year net sales forecast to $11.10-$11.15 billion. Analysts at Wells Fargo, DA Davidson, and Citigroup have updated their price targets for ULTA following the earnings report, with varying recommendations.

Portfolio Pulse from Erica Kollmann

December 01, 2023 | 5:41 pm

CRD

EHTH

FGF

GOCO

MHLD

MRAI

RELI

ROOT

RYAN

WDH

In Friday's intraday session, several insurance stocks experienced notable movements. FG Finl Gr (FGF), Root (ROOT), Maiden Hldgs (MHLD), eHealth (EHTH), GoHealth (GOCO), and F&G Annuities & Life (FG) were among the gainers, with increases ranging from 4.41% to 6.45%. On the losing side, Reliance Global Group (RELI), Marpai (MRAI), Waterdrop (WDH), Crawford (CRD), and Ryan Specialty Hldgs (RYAN) saw declines between 1.66% and 16.06%. All stocks traded at volumes that were 0% of their average full-day volume over the last 100 days, indicating no significant change in trading activity.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:40 pm

LMNR

Shares of Limoneira Co (NASDAQ: LMNR) are surging after the company's Board of Directors initiated a process to explore strategic alternatives to maximize shareholder value. These alternatives could include a sale, merger, or other transactions. Stephens Inc and Squire Patton Boggs have been retained as financial and legal advisors, respectively. Despite a strong financial position with reduced net debt, the company's Q3 revenue declined, with significant drops in lemon and avocado sales due to supply chain and inflationary pressures. No timeline for the strategic process has been provided, and there's no assurance of a definitive outcome. LMNR shares rose 18.52% to $18.02.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 5:33 pm

NTNX

Susquehanna analyst Mehdi Hosseini has maintained a Positive rating on Nutanix (NASDAQ:NTNX) and increased the price target from $48 to $60.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:33 pm