Streetbeat News

Stock Prices

EVLV

Lake Street analyst Eric Martinuzzi has initiated coverage on Evolv Technologies (NASDAQ:EVLV) with a Buy rating and set a price target of $6 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:05 pm

LRHC

La Rosa Holdings' stock price has declined following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:05 pm

AIRE

ANGH

BURL

GLMD

HIBB

SYM

VTVT

The Nasdaq Composite fell over 100 points, with the broader U.S. stock market also trading lower. Burlington Stores, Inc. (BURL) shares surged over 20% after reporting Q3 results that beat earnings estimates but slightly missed on revenue. Anghami Inc. (ANGH), Symbotic Inc. (SYM), and Hibbett, Inc. (HIBB) saw their shares rise significantly after positive news. Conversely, reAlpha Tech Corp. (AIRE), vTv Therapeutics Inc. (VTVT), and Galmed Pharmaceuticals Ltd. (GLMD) experienced sharp declines due to various negative developments.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 5:04 pm

KNSW

KnightSwan Acquisition Corporation (NYSE:KNSW) has decided to redeem all outstanding shares of Class A common stock as it will not complete an initial business combination by the set deadline. The redemption price per share is approximately $10.61. The company's securities will cease trading on the NYSE after December 5, 2023, and shares will be cancelled effective December 6, 2023. The company's warrants will expire worthless, and the sponsor has waived redemption rights for Class B common stock. The company will wind up operations after the redemption and expects to delist from the NYSE and terminate its securities registration.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:02 pm

BABA

BIDU

MSFT

NVDA

TCEHY

Baidu Inc (NASDAQ:BIDU) reported a 6% YoY revenue increase to 4.45 billion yuan in Q3, with shares rising 2%. Despite a challenging macroeconomic environment, Baidu's AI advancements, particularly with its Ernie bot, demonstrate resilience and competitiveness. Microsoft Corporation (NASDAQ:MSFT), with a 49% stake in Open AI, hired ousted Open AI staff, including Sam Altman, strengthening its AI position. Baidu, along with Alibaba (NYSE:BABA) and Tencent Holdings Limited (OTC:TCEHY), remains a key player in China's internet sector, with Tencent also navigating US chip export curbs. Nvidia Corporation (NASDAQ:NVDA) was mentioned in relation to AI chip supplies.

Portfolio Pulse from Upwallstreet

November 21, 2023 | 5:00 pm

MFA

Raymond James has maintained its Outperform rating for MFA Financial Inc (NYSE:MFA) but reduced its price target from $13.00 to $12.50. MFA Financial's shares are currently trading down at $10.44, which is a 1.04% decrease over the last 24 hours. The new price target suggests a potential upside of 19.73% from the current share price. MFA Financial is a REIT that invests in residential mortgage assets, aiming to deliver shareholder value through distributable income and asset performance.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

LBC

Keefe, Bruyette & Woods has maintained its Outperform rating for Luther Burbank (NASDAQ:LBC) but lowered its price target from $12.75 to $11.00. Luther Burbank's shares are currently trading at $8.91, and the new price target suggests a potential upside of 23.46%. Luther Burbank Corp is a bank holding company specializing in real estate secured lending and offers various banking products and services.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

SIX

Rosenblatt has downgraded Six Flags Entertainment (NYSE:SIX) to Neutral and lowered the price target from $32.00 to $25.00. Six Flags' shares are currently trading at $23.72, down 1.66% over the last 24 hours. The new price target suggests a potential upside of 5.4% from the current share price. Six Flags operates 27 theme parks and waterparks across the United States, Mexico, and Canada.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

MA

Over the past 10 years, Mastercard (NYSE:MA) has delivered an average annual return of 18.34%, outperforming the market by 8.73% on an annualized basis. A $100 investment in Mastercard a decade ago would be worth $539.17 today. Mastercard's market capitalization currently stands at $382.75 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

HSY

RBC Capital downgraded Hershey (NYSE:HSY) from its previous rating to Sector Perform, reducing the price target from $239.00 to $213.00. Hershey's shares are currently trading down at $190.77, which is 1.19% lower than the last 24 hours. The new price target suggests a potential upside of 11.65% from the current price. Hershey is a major player in the U.S. confectionery market, with a portfolio of over 100 brands and a dominant share in the domestic chocolate market.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm