Streetbeat News

Stock Prices

ALDX

RDHL

STRM

TPST

During Monday's intraday session, several healthcare stocks experienced significant movements. Tempest Therapeutics (TPST), Redhill Biopharma (RDHL), Processa Pharma (PCSA), Mereo BioPharma Group (MREO), Rani Therapeutics Hldgs (RANI), and Modular Medical (MODD) saw their shares rise, with Tempest Therapeutics leading the gainers with a 94.8% increase. On the other hand, Streamline Health Solns (STRM), Aldeyra Therapeutics (ALDX), Biocept (BIOC), Ambrx Biopharma (AMAM), Omeros (OMER), and Nexalin Technology (NXL) saw their shares decline, with Streamline Health Solns leading the losers with a 67.0% decrease.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:31 pm

BTDR

COMSP

ETWO

INDI

INTZ

MTC

OBLG

PCTI

SASI

SLNHP

VHC

During Monday's intraday session, several information technology stocks experienced significant movements. MMTEC, PCTEL, E2open Parent Holdings, Intrusion, Indie Semiconductor, and Nano Labs saw increases in their share prices, while Sigma Additive Solutions, Oblong, Bitdeer Technologies, Soluna Holdings, VirnetX Holding, and ComSovereign Holding experienced declines.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:31 pm

NOW

ServiceNow (NYSE:NOW) has seen unusual options activity, with a mix of bullish and bearish trades. The majority of the trades are puts, with a total amount of $391,905, and the remaining are calls, amounting to $129,660. Whales have been targeting a price range from $400.0 to $610.0 for ServiceNow over the last 3 months. Stifel and JMP Securities have downgraded their actions to Buy and Market Outperform respectively, with price targets of $640 and $665.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:31 pm

PYPL

A significant investor has taken a bullish stance on PayPal Holdings (NASDAQ:PYPL), with 65% of the investors opening trades with bullish expectations and 35% with bearish. The whales have been targeting a price range from $30.0 to $105.0 for PayPal Holdings over the last 3 months. The price of PYPL is up 2.28% at $57.02, with RSI indicators suggesting the stock may be approaching oversold. Next earnings are expected to be released in 16 days.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:30 pm

MCO

Moody's (NYSE:MCO) has outperformed the market over the past 15 years, producing an average annual return of 18.84%. If an investor had bought $100 of MCO stock 15 years ago, it would be worth $1,233.49 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:30 pm

ORCL

Over the past 10 years, Oracle (NYSE:ORCL) has outperformed the market by 3.17% on an annualized basis, producing an average annual return of 12.72%. If an investor had bought $100 of ORCL stock 10 years ago, it would be worth $330.68 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:30 pm

CHKP

Morgan Stanley analyst Hamza Fodderwala has upgraded Check Point Software Technologies Ltd (CHKP) from Underweight to Equal-Weight and raised the price target from $118 to $144. The upgrade is due to stable demand, market share trends, and an expanding product portfolio. The analyst predicts a 3-4% topline growth in CY24/25 and an 8% EPS CAGR from CY23-25. CHKP shares are currently trading higher by 1.05% at $135.73.

Portfolio Pulse from Shivani Kumaresan

October 16, 2023 | 5:30 pm

CME

XFIV

XTEN

XTWO

XTWY

Economists are increasingly optimistic about the U.S. economy, with a lowered recession probability forecast for the next year. They believe that the Federal Reserve has concluded its current cycle of interest rate hikes. Economists also predict improvements in inflation and lower Treasury yields. This could impact Treasury ETFs, which move inversely to yields. The performance of ETFs such as BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSE:XTWO), BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSE:XFIV), BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSE:XTEN), and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (NYSE:XTWY) could be affected by these yield changes.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 5:23 pm

LTCUSD

Litecoin (LTC) experienced volatility, trading higher by as much as 6% to $65.51 during Monday's session, amid false rumors of the iShares Bitcoin Spot ETF receiving approval. BlackRock denied the false information, stating that their Bitcoin ETF application is still under review. The false rumors can lead to increased trading activity and investment in Litecoin due to its perceived connection with Bitcoin.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 5:22 pm

KBH

Goldman Sachs analyst Susan Maklari has downgraded KB Home (NYSE:KBH) to Neutral from Buy, lowering the price target to $48 from $54. The downgrade reflects lower visibility for KBH's upside compared to its peers. Concerns include a spike in cancellation rates and debt concerns, with KBH's cancellation rate rising 57pts between Q1 FY22 and Q4 FY22, significantly above the sector average of 25pts. The net debt/capital ratio stood at 22% in Q3, compared to the group average of 10%.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 5:19 pm