Streetbeat News

Stock Prices

IEP

Icahn Enterprises (NYSE:IEP) has seen a 13.2% increase in short interest since its last report, with 4.44 million shares sold short, representing 4.03% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. IEP's short interest is significantly higher than its peer group average of 0.79%.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:30 pm

PFE

The FDA has approved Pfizer Inc's leukemia drug, Besponsa, for pediatric patients aged one year and older with relapsed or refractory CD22-positive B-cell precursor acute lymphoblastic leukemia (ALL). The approval is based on a study involving 53 pediatric patients, showing a complete remission rate of 22 out of 53 patients, with a median duration of 8.2 months. This follows the drug's initial approval for adults in August 2017. Pfizer's stock (PFE) saw a decrease of 1.03% to $26.91.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 7:25 pm

FL

Foot Locker Inc (NYSE:FL) reported Q4 FY23 sales growth of 2% to $2.38 billion, surpassing estimates. Adjusted EPS of $0.38 also beat forecasts. Analysts from Morgan Stanley, Piper Sandler, Guggenheim, and Telsey Advisory Group adjusted their ratings and price targets, reflecting concerns over long-term growth, margin pressures, and the delayed achievement of EBIT margin goals. Despite these challenges, FL shares rose by 1.86% to $24.69.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 7:18 pm

GBTC

IBIT

Solana (SOL) is trading higher by 8.1% amid overall strength in the cryptocurrency market, particularly due to a surge in Bitcoin's price to a new all-time high. The increase in Solana's price reflects the market's recognition of its potential due to its high throughput and low transaction fees. Additionally, the launch of Bitcoin spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), has attracted significant interest, further boosting sentiment in the crypto space.

Portfolio Pulse from Henry Khederian

March 07, 2024 | 7:16 pm

RIVN

TSLA

Rivian Automotive unveiled its R2 SUV, aiming to compete with Tesla's Model Y. The R2, starting at $45,000, offers over 300 miles of range and fast acceleration. Rivian also teased the R3 and R3X models, emphasizing their unique features and the company's expansion plans, including a rapidly growing charging network. Rivian's stock rose 8.88% following the announcement.

Portfolio Pulse from Chris Katje

March 07, 2024 | 7:13 pm

FETUSD

Fetch.ai (CRYPTO: FET) has seen a significant increase of 14.97% in its price over the last 24 hours, reaching $2.65. This surge is part of a larger trend, with an 81.0% gain over the past week from $1.46. The coin's all-time high is $2.84. Trading volume for Fetch.ai has increased by 117.0% over the past week, and its circulating supply has risen by 0.11% to 1.04 billion, which is 90.5% of its max supply. Currently, Fetch.ai's market cap ranks #49 at $2.78 billion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:03 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) has seen a price increase of 4.64% in the last 24 hours, reaching $2.14, with a weekly gain of over 5%. The coin's trading volume decreased by 12% over the past week, while its circulating supply rose by 13.93% to 1.45 billion, representing 14.51% of its max supply. Arbitrum's market cap is now ranked #45 at $3.11 billion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:02 pm

VETUSD

VeChain (CRYPTO: VET) has seen a price increase of 4.72% in the last 24 hours, reaching $0.05, despite a 1.0% loss over the past week from the same price point. The coin's all-time high is $0.28. Trading volume has decreased by 24.0% over the past week, while the circulating supply has slightly increased. VeChain's market cap ranks it at #40 with a value of $3.50 billion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:01 pm

PLTR

Recent analysis of Palantir Technologies (NYSE:PLTR) by 9 experts shows a mix of opinions, with an updated average 12-month price target of $20.22, up from $18.25. Ratings range from bullish to bearish, with recent adjustments reflecting a generally positive outlook. Palantir's financial performance indicates strong revenue growth but challenges in profitability and asset utilization. The company's market positioning and analyst expectations suggest potential for future growth despite current operational challenges.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:01 pm

ETH-USD

SOL-USD

ZynCoin, a cryptocurrency inspired by Zyn Nicotine pouches, has seen a remarkable surge of over 4,000% in three weeks, reaching a market cap of $80 million. Available on Ethereum and Solana networks, it's gained traction as a 'culture coin' among social media traders and has been compared to other meme coins like Pepe. Despite its success, concerns about trademark and intellectual property issues loom. Mechanism Capital has invested $577,000 in ZynCoin, signaling confidence in its potential despite the risks associated with meme coins.

Portfolio Pulse from Khyathi Dalal

March 07, 2024 | 6:54 pm