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Stock Prices

NFLX

Netflix shares are trading higher following an upgrade by Evercore ISI Group, which maintained an Outperform rating and raised its price target from $600 to $640.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:21 pm

JACK

Wedbush analyst Nick Setyan upgrades Jack In The Box (NASDAQ:JACK) from Neutral to Outperform and raises the price target from $79 to $88.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:20 pm

AMC

DIS

LYV

The Walt Disney Company (NYSE:DIS) acquired streaming rights for Taylor Swift's concert film, 'The Eras Tour (Taylor's Version)', set to release on Disney+ on March 14. The film, previously shown in theaters through a partnership with AMC Entertainment Holdings (NYSE:AMC), grossed over $261.7 million worldwide. Live Nation Entertainment (NYSE:LYV) also benefited from the demand for Swift's concerts. Disney's exclusive streaming rights could attract more subscribers to Disney+, potentially boosting its stock in the short term.

Portfolio Pulse from Chris Katje

March 14, 2024 | 1:19 pm

SPRB

Spruce Biosciences Inc (NASDAQ:SPRB) stock plummeted after releasing topline results from its Phase 2b studies of tildacerfont in congenital adrenal hyperplasia (CAH). The CAHmelia-203 study failed to meet its primary efficacy endpoint, while the CAHptain-205 study in pediatric patients showed better outcomes. Despite this, SPRB shares dropped 77.80% to $1.15 in premarket trading. The company plans to prioritize resources and reduce costs, including terminating the CAHmelia-203 trial and reducing its workforce by 21%, to extend its cash runway through the end of 2025.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 1:19 pm

NPCE

Wells Fargo analyst Lawrence Biegelsen upgraded NeuroPace (NASDAQ:NPCE) from Equal-Weight to Overweight and increased the price target from $16 to $20.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:18 pm

LEN

Lennar Corporation's shares traded lower after the company reported mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:17 pm

EB

Eventbrite, Inc. (NYSE:EB) has announced a share repurchase program authorizing the buyback of up to $100 million of its outstanding Class A common stock. The repurchases may occur through various methods, including open market purchases and privately negotiated transactions, without a fixed timeline. The program's execution will depend on market conditions, capital management, and other business considerations. Eventbrite plans to fund the buybacks from its existing cash, cash equivalents, and future cash flows, with around $391.1 million in liquidity as of December 31, 2023. As of February 29, 2024, Eventbrite had approximately 86.2 million shares of Class A and 15.7 million shares of Class B common stock outstanding.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:16 pm

GOCO

GoHealth's shares dropped following the announcement of worse-than-expected Q4 revenues.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:16 pm

ATHM

CANG

KMX

UXIN

Cango Inc. (CANG) is shifting its focus to exporting used Chinese cars to developing markets with its new app, AutoCango, after facing intense competition in China's car market. Despite a 73% revenue drop in Q4 last year, Cango's stock has risen due to its conservative financial approach and substantial cash reserves. The company's domestic business struggles, but it aims to capitalize on China's position as a top auto exporter. Cango's cost-cutting measures have narrowed losses, and it is adjusting its business model to lower risk by focusing on intermediary services.

Portfolio Pulse from The Bamboo Works

March 14, 2024 | 1:15 pm

REVG

REV Group's stock is trading lower following the announcement of its secondary offering pricing at $18 per share for 7,395,191 shares.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:13 pm