Streetbeat News

Stock Prices

AYURF

Canadian cannabis extraction company Ayurcann Holdings Corp. reported a 102% YoY increase in gross revenue to $16.2 million for the year ended June 30, 2023. The company's net revenue totaled $12.5 million, up from $9.4 million in fiscal 2022. However, the operating loss grew to $5.3 million, up from $3.3 million in the prior year. The company's shares traded 12.8% lower at $0.0109 per share after the market close on Monday.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 3:32 pm

GM

A large investor has taken a bearish stance on General Motors (NYSE:GM), with 60% of big-money traders also showing bearish sentiment. The investor's target price range for GM over the last 3 months is between $20.0 and $55.0. Meanwhile, several financial institutions have maintained their ratings on GM, with price targets ranging from $37 to $90. GM's stock price is currently up 2.41% at $28.02.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:31 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 10 years by 6.27% on an annualized basis, producing an average annual return of 15.24%. If an investor had bought $1000 of MMC stock 10 years ago, it would be worth $4,117.55 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:30 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has outperformed the market over the past 10 years by 6.09% on an annualized basis, producing an average annual return of 15.07%. If an investor had bought $100 of NXPI stock 10 years ago, it would be worth $406.53 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:30 pm

BXP

DESK

SLG

VNO

A contraction in lending is leading to a rise in defaults across the commercial real estate (CRE) sector and a slowdown in new construction projects. Lenders are cutting back their exposure due to the Federal Reserve’s interest rate hikes. Commercial property construction starts are predicted to fall by 17% in 2023. The total volume of CRE loans held by banks fell in the first two weeks of October. The lending squeeze has affected office owners refinancing maturing loans at higher rates and other commercial borrowers in the apartment building and warehouse sectors. The VanEck Office and Commercial REIT ETF (NYSE:DESK), Vornado Realty Trust (NYSE:VNO), SL Green Realty Corp. (NYSE:SLG), and Boston Properties, Inc. (NYSE:BXP) saw their values tumble in October.

Portfolio Pulse from Piero Cingari

October 31, 2023 | 3:29 pm

ATXI

Avenue Therapeutics has announced the pricing of a $5 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:29 pm

TAL

Hedge Fund Research Company has announced that it is short on TAL Education Group, predicting a 30% downside to the stock as its AI bubble shrinks.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:29 pm

SIEN

Sientra's shares are trading lower after the company reported preliminary Q3 revenue results below estimates. The company is also exploring strategic alternatives. Craig-Hallum downgraded the stock from Buy to Hold and announced a $2 price target.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:28 pm

GRTX

Galera Therapeutics announced that its GRECO-2 trial did not pass futility analysis and it will discontinue both GRECO trials. The company is also reviewing potential strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:25 pm

PIXY

Trading of ShiftPixy shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:23 pm