Streetbeat News

Stock Prices

XWEL

HC Wainwright & Co. analyst Scott Buck has reaffirmed a Buy rating on XWELL (NASDAQ:XWEL) and increased the price target from $1 to $7, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:47 am

BJ

BJ's Wholesale Club reported Q3 adjusted earnings of $0.98 per share, slightly beating estimates of $0.96, but experienced a 1.01% decrease from the previous year's earnings. Sales reached $4.92B, missing estimates by 0.73% but marking a 2.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:46 am

RGS

Regis Corporation has announced a reverse stock split of its outstanding common stock at a ratio of 1:20, set to take effect on November 29, 2023. The par value of the stock is $0.05 per share. This corporate action is intended to boost the market price of Regis Corporation's shares.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:40 am

SPB

Spectrum Brands Holdings (NYSE:SPB) reported Q4 earnings with an EPS of $1.36, surpassing the estimate of $1.03 by 32.04%. However, revenue declined by $8.80 million compared to the same period last year. In the previous quarter, a beat on EPS estimates resulted in a 2.97% share price increase the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS estimates.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 11:40 am

MANU

Sky News has reported that billionaire Sir Jim Ratcliffe is poised to acquire a stake in Manchester United at $33 per share. This move could signal a significant change in the ownership structure of the football club, which is publicly traded on the New York Stock Exchange under the symbol MANU.

Portfolio Pulse from Charles Gross

November 17, 2023 | 11:38 am

FSR

Fisker Inc. has announced a new distribution strategy that has significantly increased its sales and deliveries, reaching over 100 vehicles per day. This surge in deliveries translates to a revenue of over $7.5 million in just one day.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:36 am

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced that most of its stores will be closed on Thanksgiving Day, marking the first time in its history to do so following employee protests over working conditions. However, about 700 of its 24-hour locations will remain open. The decision reflects the company's acknowledgment of the mounting pressures on pharmacists, including significant prescription backlogs and the increased workload from vaccine administration. Walgreens aims to show appreciation for its employees' hard work by providing time off. WBA shares closed down 3.71% at $20.75 on Thursday.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 11:34 am

SPB

Spectrum Brands Holdings (NYSE:SPB) reported a significant increase in Q4 adjusted EPS to $1.36, up from $0.48 YoY, despite a slight decrease in sales to $740.70M from $749.50M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:33 am

CHRW

CRGX

DAR

PI

Insiders have made notable purchases in four companies: Impinj, CARGO Therapeutics, C.H. Robinson Worldwide, and Darling Ingredients. These purchases suggest insider confidence in the companies' prospects. Impinj and C.H. Robinson reported better-than-expected third-quarter results, while Darling Ingredients reported downbeat sales. CARGO Therapeutics recently had a share offering with an insider lock-up period ending in May 2024.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 11:31 am

SSNLF

Prosecutors are seeking a five-year prison sentence for Jay Y. Lee, the chief of Samsung Electronics (OTC:SSNLF), on charges of fraud and stock manipulation related to a 2015 merger. The trial, which has lasted three years, is expected to conclude in the coming months. Lee's potential incarceration could impact his role in Samsung Electronics, affecting the company's strategic decisions, including mergers and acquisitions.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 11:26 am