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Stock Prices

MAMO

Trading of Massimo Group shares, symbol MAMO, has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:55 pm

BMEA

Biomea Fusion's stock price is trading lower following a downgrade by JP Morgan from Overweight to Neutral, with a significant reduction in the price target from $51 to $14.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:54 pm

BURL

LEVI

PVH

VFC

Retail and apparel stocks are trading lower, potentially in sympathy with PVH Corp. after it issued weak Q1 guidance. The sector's downturn may also be attributed to overall market weakness due to a rise in yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:52 pm

PVH

PVH Corp (NYSE:PVH) shares fell despite reporting strong Q4 results, with analysts highlighting 'healthy' gross margins for Calvin Klein and Tommy Hilfiger. JPMorgan raised its price target, while BMO, Telsey, and Wedbush provided mixed views on future guidance and market challenges. Concerns include lower-than-expected guidance for Q1 and FY, with impacts from the sale of Heritage Brands women's intimates and a challenging macro environment, especially in Europe.

Portfolio Pulse from Priya Nigam

April 02, 2024 | 2:45 pm

PANW

Palo Alto Networks (PANW) shares are trading lower due to a broader decline in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:42 pm

SNOW

Snowflake shares are trading lower due to a broader weakness in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:41 pm

PLTR

Palantir shares are trading lower due to a broader weakness in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:41 pm

ZBAO

Trading for the IPO security ZBAO was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:35 pm

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $85.84 million on April 1, with Grayscale's GBTC seeing a $302 million outflow, while BlackRock's IBIT and Fidelity's FBTC enjoyed inflows of $165 million and $43.99 million, respectively. Despite this, Bitcoin spot ETFs have seen over $12 billion in net inflows year-to-date. A Coinshares report indicates a recovery in investor sentiment with $862 million in inflows last week, despite a slowdown in ETF activity and a regional divergence in investment trends.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 2:33 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) reported increased vehicle production and deliveries for Q1 2024 compared to the previous year, meeting its expectations. The company reaffirmed its 2024 production guidance of 57,000 vehicles and introduced a new midsize platform for the R2 and R3 product lines, with R2 starting at $45,000. Despite these developments, RIVN shares dropped 3.83% to $10.66.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 2:33 pm