Streetbeat News

Stock Prices

RVYL

Ryvyl shares are trading lower following the announcement of a proposed underwritten public offering. This move typically indicates the company is seeking to raise capital, which can dilute existing shareholders' equity, often leading to a decrease in share price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:59 am

BRTX

BioRestorative Therapies' stock price increased following the FDA's approval of a protocol amendment for its Phase 2 BRTX-100 clinical study. This regulatory milestone is significant for the company's progress in developing its therapies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:58 am

DFLI

Dragonfly Energy Holdings' shares surged following the announcement of Q4 earnings per share (EPS) results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:56 am

SNPO

Truist Securities analyst Keith Hughes downgraded Snap One Holdings (SNPO) from Buy to Hold and reduced the price target from $12 to $10.75.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:56 am

UNH

UnitedHealth Group (NYSE:UNH) reported Q1 2024 earnings with better-than-expected revenue and adjusted EPS, despite taking a $872M hit from a cyberattack on its subsidiary Change Healthcare. Revenues increased to $99.8 billion, and adjusted EPS was $6.91. The company also incurred a $7 billion charge from selling its Brazil operations but saw growth in its Optum and UnitedHealthcare units. UNH shares rose 7.52% in premarket trading. The company expects a full-year 2024 impact from the cyberattack of $1.15 to $1.35 per share.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 11:56 am

CGEM

Cullinan Therapeutics shares are trading higher following the company's announcement of its plans to expand into autoimmune diseases.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:50 am

HMC

Honda Motor Co Ltd (NYSE:HMC) announced plans to launch six Ye Series EV models in China by 2027, including the Ye P7 and Ye S7, and a concept model, Ye GT CONCEPT. These models, featuring a new dedicated EV platform and Honda's electrification technologies, aim to expand Honda's EV lineup in China, where the company is already offering the e:N Series. The Ye P7 and Ye S7 will come in two variants and are set to go on sale by the end of 2024 and 2025, respectively. HMC shares dropped 1.42% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 11:48 am

CC

KALU

KRO

Wall Street's most accurate analysts have provided updates on three high-dividend yielding materials stocks: Kronos Worldwide, Inc. (KRO), The Chemours Company (CC), and Kaiser Aluminum Corporation (KALU). KRO reported better-than-expected Q4 results, leading to a price target adjustment by Barclays and Deutsche Bank. CC posted upbeat quarterly results, with BMO Capital and UBS adjusting their price targets. KALU is anticipated to release its Q1 2024 financial results soon, with UBS and Benchmark providing their ratings and price targets.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 11:48 am

AMD

FTXL

INTC

NVDA

SOXQ

Intel and Nvidia are adapting their AI chip strategies for the Chinese market in response to U.S. sanctions by launching China-specific products with reduced capabilities. Intel plans to release two AI chips, HL-328 and HL-388, while Nvidia is developing three China-specific chips. These moves come as both companies face challenges in China due to the country's push to remove foreign technology from its telecom networks by 2027. Intel's stock has seen a 13% increase over the last 12 months, and its performance can also impact related ETFs like FTXL and SOXQ.

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 11:47 am

AMT

OPEN

ZG

The article highlights the top 3 oversold real estate stocks, identified by their low RSI values, suggesting potential for gains. American Tower Corporation (AMT), Zillow Group, Inc. (ZG), and Opendoor Technologies Inc. (OPEN) are mentioned as having RSI values near or below 30, indicating they are oversold. Recent analyst actions and price movements for each stock are also detailed.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 11:46 am