Streetbeat News

Stock Prices

ADBE

A significant amount of unusual options activity has been detected for Adobe (NASDAQ:ADBE), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $505.0 to $650.0 for Adobe over the last 3 months. Adobe's current price is $554.32, up 0.8%. Analysts from BMO Capital, Piper Sandler, Wolfe Research, RBC Capital, and Citigroup have maintained their ratings on Adobe, with price targets ranging from $610 to $650.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

PXD

A significant bullish stance has been taken on Pioneer Natural Resources (NYSE:PXD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $150.0 to $290.0 for Pioneer Natural Resources over the last 3 months. Roth MKM downgraded its action to Buy with a price target of $245, while Morgan Stanley and Mizuho maintained their ratings with price targets of $236 and $301 respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

SPY

UNG

USO

The USA Natural Gas Storage reported a figure of 84B, which is lower than the estimated 88B and the prior figure of 86B.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:30 pm

KA

Trading of Kineta shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:30 pm

F

Ford Motor Co's shares are trading lower after the United Auto Workers (UAW) union expanded strikes to the company's truck plant in Kentucky. The strikes were called after Ford failed to provide a counteroffer in labor negotiations. The Kentucky truck plant, which is considered the most profitable plant in the U.S. among all automakers, represents 19.7% of Ford's total U.S. production.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 2:29 pm

VSAT

ViaSat, Inc. (NASDAQ:VSAT) expects to reach sustainable positive free cash flow in the first half of 2025, earlier than previously announced. The company anticipates reporting over $3 billion of liquidity by September 2023, with no near-term outstanding debt maturities. ViaSat also expects high single-digit revenue growth in FY2023 and again in FY2025. The integration of the Inmarsat acquisition is ahead of schedule, with synergy estimates to be fully realized in FY25. Despite a malfunction in the VS-3 F1 Satellite, ViaSat has insurance coverage and does not require a replacement. The company's shares are trading higher by 10.75%.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 2:29 pm

VS

Trading of Versus System shares has resumed.

Portfolio Pulse from Happy Mohamed

October 12, 2023 | 2:27 pm

DAL

Delta's CFO has announced that fuel prices have increased since July, adding approximately $400 million to the company's expense outlook for the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:23 pm

VS

Versus Systems' shares were halted on a circuit breaker due to a significant increase in stock price. The stock is now up by 398%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:22 pm

KA

Kineta, Inc. (NASDAQ:KA) announced that two abstracts on its immuno-oncology therapies have been accepted for poster presentation at the Society for Immunotherapy of Cancer (SITC) 38th Annual Meeting. The presentations will include new clinical data on KVA12123, Kineta's VISTA blocking immunotherapy, and new preclinical data on its anti-CD27 agonist antibody program. Following the announcement, Kineta's shares were halted on a circuit breaker to the upside.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:21 pm