Streetbeat News

Stock Prices

TTOO

Shares of T2 Biosystems (TTOO) have been halted on a circuit breaker due to a significant downside movement.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:36 pm

BDC

Belden has lowered its Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:35 pm

BTCUSD

ETHUSD

LDOUSD

RUNEUSD

TWTUSD

Bitcoin (BTC) edged higher but remained below the $27,000 level, while Ethereum (ETH) traded below the $1,600 mark. Loom Network (LOOM) was the top gainer over the prior 24 hours, while Mantle (MNT) was the biggest loser. The global crypto market cap fell to $1.05 trillion, recording a 24-hour decline of 0.1%.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:33 pm

Outset Medical, Inc. (NASDAQ:OM) shares are trading lower after the company announced preliminary Q3 revenue of $30.4 million, below the consensus estimate of $36.03 million. The company attributes the lower revenue to the impact of a recent FDA warning letter and a cautious outlook on capital spending. Outset now expects 2023 revenue to be approximately $130 million, below the consensus estimate of $144.62 million.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 1:33 pm

AAPL

CMTL

SAVA

TFC

TSLA

Comtech Telecommunications shares are trading higher by around 17%. Tesla's market share dips despite US EV sales climbing. Crypto market faces uncertainty due to 'Friday the 13th'. Ripple's Brendan Berry is using crypto to revolutionize cross-border payments. SEC may greenlight a spot Bitcoin ETF. Apple faces a class action lawsuit over AirTags. Kroger-Albertsons deal may face legal challenge in California. Boeing and Spirit AeroSystems accelerate inspection of 737 Max aircraft defect. Truist Financial charts a recovery path after 43% stock decline since its February peak. Alzheimer's-focused Cassava Sciences faces controversy as key collaborator accused of scientific misconduct.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 1:32 pm

MCW

Baird has upgraded Mister Car Wash's stock from Neutral to Outperform and set a price target of $10. This has resulted in the company's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:32 pm

VLCN

Volcon Inc. (NASDAQ:VLCN) has announced a 1-for-5 reverse stock split, effective from October 13, 2023. Post-split trading will commence on The Nasdaq Capital Market on October 16, 2023. The reverse split will reduce the number of outstanding shares from approximately 33.55 million to around 6.71 million, while the number of authorized shares will remain at 250 million.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:30 pm

MIND

MIND Technology, Inc. has announced a 1-for-10 reverse stock split. The company's common stock will begin trading on Nasdaq on a reverse split-adjusted basis when the market opens on October 16, 2023. The par value per share of the common stock will remain unchanged at $0.01.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:29 pm

DIS

NFLX

Netflix Inc plans to launch immersive venues named 'Netflix House' where fans can engage in activities related to their favorite TV shows, shop for merchandise, and enjoy themed cuisines. The first two venues are expected to open in the U.S. by 2025, with plans to expand globally thereafter. This move marks Netflix's first venture into permanent locations and is seen as a promotional tool rather than a significant revenue stream. Wolfe Research analyst Peter Supino downgraded Netflix from Outperform to Peer Perform.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 1:29 pm

JPM

JP Morgan's CFO has indicated that the company could experience some upward pressure on margins as expenses increase.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:29 pm