Streetbeat News

Stock Prices

AVNS

Avanos Medical's shares are trading higher after the company reported better-than-expected Q3 results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:44 pm

VNO

Piper Sandler analyst Alexander Goldfarb maintains an Underweight rating on Vornado Realty (NYSE:VNO) and has lowered the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:44 pm

ACU

Trading of Acme United Corporation (ACU) shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:42 pm

CLLS

IRIX

PATI

PAYC

TGTX

WE

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Information technology shares jumped by 1.3%. Cellectis S.A. (CLLS) shares shot up 148% after reporting strategic collaboration and investment agreements with AstraZeneca. Patriot Transportation Holding, Inc. (PATI) shares shot up 104% after announcing an agreement for United Petroleum Transports to acquire all of its outstanding shares. TG Therapeutics, Inc. (TGTX) shares were up 29% following third-quarter results. WeWork Inc. (WE) shares dropped 52% following reports of nearing bankruptcy. IRIDEX Corporation (IRIX) shares were down 43% after withdrawing its previously announced annual guidance for 2023. Paycom Software, Inc. (PAYC) shares fell 38% after reporting worse-than-expected third-quarter sales results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 4:38 pm

CNDT

Conduent Inc's Q3 FY23 results show a 4.6% Y/Y decline in revenues to $932 million, beating the analyst consensus of $915 million. Adjusted EBITDA fell 12.4% Y/Y to $92 million, and adjusted EPS loss of $(0.09) missed the street view of $0.02. The company also reported a new business TCV pipeline increase of 13% Q/Q. In Q3 2023, Conduent transferred its BenefitWallet HSA portfolio, expecting a pre-tax gain of around $425 million in H1 2024. The company revised its FY23 adjusted revenue guidance to $3.70 billion-$3.72 billion. CNDT shares are down 15.2% to $2.70.

Portfolio Pulse from Lekha Gupta

November 01, 2023 | 4:32 pm

IDXX

IDEXX Laboratories Inc reported Q3 FY23 sales of $915.53 million, missing the consensus of $926.76 million. Adjusted EPS was $2.50, beating the consensus of $2.37. The company raised its FY2023 EPS guidance but lowered the FY23 sales guidance. Despite the mixed results, William Blair maintains that the veterinary healthcare sector, and IDEXX in particular, remains a secure and attractive investment option due to its robust financial position and recurring-revenue business model. IDXX shares are down 3.42% at $385.80.

Portfolio Pulse from Vandana Singh

November 01, 2023 | 4:32 pm

MPC

Unusual options activity has been observed for Marathon Petroleum (NYSE:MPC), with a large position indicating a bullish stance. The activity includes 10 uncommon options trades, with 70% bullish and 30% bearish sentiment. The targeted price range for MPC over the last 3 months is $125.0 to $185.0. The current price of MPC is up 1.02% at $152.8. Analysts from Raymond James, Morgan Stanley, Piper Sandler, and Mizuho have maintained their ratings on MPC, with price targets ranging from $148 to $175.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:32 pm

ARGX

argenx (NASDAQ:ARGX) has outperformed the market over the past 5 years, producing an average annual return of 37.13%. If an investor had bought $1000 of ARGX stock 5 years ago, it would be worth $4,977.53 today. The company currently has a market capitalization of $28.07 billion.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:30 pm

PCAR

Over the past 20 years, PACCAR (NASDAQ:PCAR) has outperformed the market by 1.73% on an annualized basis, producing an average annual return of 8.9%. If an investor had bought $100 of PCAR stock 20 years ago, it would be worth $538.18 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:30 pm

LFLY

A study shows that home prices in states that have legalized recreational cannabis have surged $48,983 higher in the past decade compared to other states. In 23 states and Washington, D.C. where recreational marijuana use is legal, property values have risen by $185,075 since 2014, compared to $136,092 in states without. The study was conducted by Real Estate Witch, an online publication owned by Clever Real Estate, and Leafly, a leading online cannabis discovery marketplace. Leafly Holdings Inc (NASDAQ:LFLY) highlighted the benefits of recreational sales.

Portfolio Pulse from Jelena Martinovic

November 01, 2023 | 4:29 pm