Streetbeat News

Stock Prices

PTC

Shares of PTC Inc. (NASDAQ:PTC) rose in early trading on Monday following the company's acquisition of Pure-Systems. Analyst Ken Wong from Oppenheimer upgraded PTC's rating from Perform to Outperform, setting a price target of $165. Wong believes PTC will continue to show resilient growth while maintaining discipline on expenses. He also noted that PTC's stock trades at a significant discount to its peers, which could narrow as investors gain confidence in the company's ongoing business transitions.

Portfolio Pulse from Priya Nigam

October 30, 2023 | 4:30 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 20.19%. If an investor had bought $100 of RACE stock 5 years ago, it would be worth $249.82 today. Ferrari has a market capitalization of $54.24 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

HES

Hess (NYSE:HES) has outperformed the market over the past 5 years, producing an average annual return of 20.62%. If an investor had bought $1000 of HES stock 5 years ago, it would be worth $2,487.90 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

RVPH

Shares of Reviva Pharmaceuticals Holdings have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:20 pm

PXMD

PaxMedica has announced a 1-for-17 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:19 pm

RVPH

Reviva Pharmaceuticals announced that its pivotal Phase 3 RECOVER trial evaluating the efficacy, safety and tolerability successfully met its primary endpoint. This positive news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:18 pm

RVPH

Shares of Reviva Pharmaceuticals were halted on a circuit breaker to the upside, with the stock now up 80.3%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:15 pm

HLN

Haleon Inc.'s (NYSE:HLN) share price increased by 2.83% in the current market session to $8.00. However, the stock has decreased by 3.61% over the past month, but increased by 30.29% over the past year. The company's P/E ratio of 24.13 is lower than the Personal Products industry average of 37.27, indicating that the stock might be undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:15 pm

ARKK

TARK

TSLA

The AXS 2x Innovation ETF (TARK) and ARK Innovation ETF (ARKK), both led by Cathie Wood, experienced volatility due to Tesla's (TSLA) price action. TARK aims to return 200% of ARKK's daily performance. Despite bullish price action from Coinbase Global, ARKK's second-largest holding, the ETF was affected by Tesla's price drop. A larger bounce may be imminent for ARKK, and when it rebounds, TARK will offer 2X the gains.

Portfolio Pulse from Melanie Schaffer

October 30, 2023 | 4:15 pm

COMM

MIRO

ON

U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. ON Semiconductor Corporation reported upbeat Q3 results but issued weak Q4 guidance. Miromatrix Medical shares spiked after United Therapeutics agreed to acquire the company. VYNE Therapeutics and Eargo shares also rose following a private placement announcement and a takeover respectively. CommScope Holding Company, Alzamend Neuro, and LumiraDx Limited shares dropped due to preliminary Q3 results, a reverse stock split, and a Nasdaq delisting determination respectively.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 4:14 pm