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Stock Prices

FCNCA

Goldman Sachs analyst Ryan Nash initiated coverage of First Citizens BancShares Inc (NASDAQ:FCNCA) with a Buy rating and a price target of $1,950, citing above-peer loan growth, cost controls, and potential for significant share buybacks. The bank is expected to return between $4.2 billion and $6.5 billion in share buybacks by the end of 2025, surpassing current consensus expectations. Despite elevated credit losses in high-risk portfolios, reserves are deemed adequate with potential for improvement.

Portfolio Pulse from Priya Nigam

March 21, 2024 | 5:54 pm

BDX

Becton Dickinson And Co (NYSE:BDX) has increased its U.S. production of medical syringes in response to the FDA's recommendation to avoid using certain China-made syringes due to quality concerns. The FDA's ongoing probe into plastic syringes manufactured in China has identified potential device failures. Becton Dickinson has ramped up manufacturing in Nebraska and Connecticut facilities to meet the additional demand. The FDA has specifically cited three Chinese companies for regulatory violations and advised transitioning away from their products. BDX shares rose 1.18% to $240.68.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 5:47 pm

LINC

Lincoln Educational Services' stock price increased following B. Riley Securities' reiteration of a Buy rating and an increase in the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:46 pm

YUM

Yum Brands's (NYSE:YUM) short interest has decreased by 12.39% since the last report, with 5.37 million shares sold short, representing 1.91% of its float. This decrease in short interest could indicate a more bullish sentiment towards YUM. Compared to its peers, YUM has a significantly lower short interest percentage of float, with an average of 9.86% among its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:45 pm

ZM

Zoom Video Communications (NYSE:ZM) has seen a 6.61% increase in short interest, with 13.27 million shares sold short, representing 5.16% of its available trading shares. This indicates a bearish market sentiment towards ZM, although it's higher than its peer group average of 4.07% short interest. The rise in short interest suggests caution, but it's also noted that increasing short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:45 pm

TTEK

Tetra Tech's (NYSE:TTEK) short interest has decreased by 9.05% since the last report, with 848 thousand shares sold short, representing 2.01% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 3.08%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:45 pm

WSM

Williams-Sonoma's stock is trading higher after Wedbush maintained an Outperform rating on the company following its analyst event.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:43 pm

META

YALA

Yalla Group Ltd. (NYSE:YALA) is advancing its gaming division by focusing on mid- and hardcore games, partnering with established game publishers after learning from its initial foray. The company's Q4 revenue increased by 7.7% year-over-year to $80.9 million, with gaming growing 35% to $28.5 million. Yalla aims to leverage its strong position in the MENA region, enhancing its social media apps and exploring new markets. Despite a slight decline in its stock post-earnings, Yalla's shares have risen 42% over the last year, trading at a P/E ratio of 9.3, compared to Meta's 34.

Portfolio Pulse from The Bamboo Works

March 21, 2024 | 5:42 pm

TITN

Titan Machinery's shares dropped following the announcement of Q4 financial results and FY25 EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:39 pm

IRON

Disc Medicine shares dropped following the announcement of disappointing Q4 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:37 pm