Streetbeat News

Stock Prices

WB

Weibo Corp (NASDAQ: WB) shares dropped 11.5% to a new 52-week low of $10.02 after announcing a $300 million convertible senior notes offering due in 2030 and a proposed offering of ADSs. The notes have a 1.375% interest rate and can be converted to ADSs or cash, with holders having redemption, repurchase, and conversion rights. The offering, which includes potential market activities like short positions and derivatives, is expected to close by December 4.

Portfolio Pulse from Henry Khederian

November 30, 2023 | 3:28 pm

F

Ford's CFO, at the Barclays conference, indicated that the company sees no remaining 'pent-up demand' for combustion vehicles, suggesting no potential for pricing upside in this segment.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:28 pm

ADTX

Aditxt, Inc. (NASDAQ:ADTX) stock surged on Thursday without any company-specific news. The stock has seen a significant increase in trading volume, with over 4.87 million shares traded compared to its 100-day average of 189 thousand shares. Despite the rise, ADTX remains down over 20% for the last month and is trading below its 50-day moving average and near its 52-week low. Aditxt is a life sciences company focusing on the immune system and organ transplant tolerance products.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 3:27 pm

DIS

Trian Fund Management, which owns approximately $3 billion of Disney stock, has been denied board representation by The Walt Disney Company, including their nominee Nelson Peltz. Despite Disney's offer to meet, Trian criticizes the company's performance and plans to appeal directly to shareholders for change, citing a $70 billion loss in shareholder value and underperformance relative to peers and the market.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:26 pm

FIVE

Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Five Below (NASDAQ:FIVE) and increased the price target from $210 to $225.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:26 pm

NBSE

Shares of NeuBase Therapeutics were halted due to a circuit breaker after experiencing a significant drop. Despite the halt, the stock is currently up 66.6%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:25 pm

GSK

GSK's CEO acknowledged that the ongoing Zantac litigation is a significant concern for the company's stock performance. However, the CEO expressed strong confidence in GSK's legal position regarding the lawsuits.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:24 pm

GME

Wedbush analyst Michael Pachter has reiterated an Underperform rating on GameStop (NYSE:GME) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:22 pm

AMZN

DISH

META

NVDA

The article discusses the performance of various sectors and stocks, highlighting DISH Network Corp.'s 54% revenue drop in 2023. It mentions Amazon.com Inc. (AMZN), Meta Platforms Inc. (META), and Nvidia Corp. (NVDA) as thriving stocks with potential for 10%-plus yields. Amazon's revenue and stock performance are strong, with further investment in AI technology. Meta's user base growth and cost-cutting measures have led to a stock increase. Nvidia's success in the AI chip market has made its stock a top performer. Knightscope Inc. is offering bonds with a 10% annual yield, showcasing significant revenue growth in 2023.

Portfolio Pulse from judithnwadigo@gmail.com

November 30, 2023 | 3:22 pm

CRM

DJIA

QQQ

SNOW

SNPS

SPY

The Personal Consumption Expenditures (PCE) data, a key inflation gauge for the Fed, came in line with expectations, disappointing both market bulls and bears who were expecting a different outcome to influence market direction. Positive earnings from Salesforce, Snowflake, and Synopsys, all benefiting from AI, have lifted the stock market. Eurozone inflation fell more than expected, while China's PMI data suggests economic weakening. Early trade money flows are positive for several tech giants but negative for Amazon. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 are also seeing positive money flows. The Arora Report advises investors to maintain a balance between cash, hedges, and investments to protect and participate in market upside.

Portfolio Pulse from The Arora Report

November 30, 2023 | 3:21 pm