Streetbeat News

Stock Prices

SRRK

Scholar Rock has begun a public offering for $75M of its common stock. The company is also planning to give underwriters a 30-day option to buy additional shares equal to 15% of the securities offered in the public offering.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:10 pm

BSQR

Kontron America has agreed to acquire Bsquare for $1.90 per share in an all-cash transaction, representing an implied equity value of $38M. The offer price represents a 62% premium to the trailing 52-week volume weighted average of Bsquare's closing stock prices as of October 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:08 pm

STLA

Stellantis NV's stock traded higher amid volatility in auto stocks due to the UAW strikes. The company, in partnership with Samsung SDI, announced Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the U.S. The facility, part of the StarPlus Energy joint venture, is expected to start production in 2027 with an annual capacity of 34 gigawatt hours. The total investment for both facilities will be over $6.3 billion, creating 2,800 new jobs.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 9:08 pm

OR

Osisko Gold Royalties Ltd has announced that it is guiding towards the lower end of its Gold Equivalent Ounces (GEO) delivery guidance for 2023. The company also stated that it is not expecting any reportable GEOs from Renard in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:06 pm

BLMN

Analysts have provided indifferent ratings for Bloomin Brands (NASDAQ:BLMN) within the last quarter. According to 6 analysts offering 12-month price targets in the last 3 months, Bloomin Brands has an average price target of $27.5 with a high of $30.00 and a low of $26.00. This current average has increased by 0.36% from the previous average price target of $27.40.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:00 pm

PRM

Perimeter Solutions (NYSE:PRM) has received three somewhat bullish ratings and one indifferent rating from analysts in the last quarter. The company has an average 12-month price target of $10.06, representing a 6.42% decrease from the previous average price target of $10.75.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:00 pm

ETNB

Analysts have provided bullish and somewhat bullish ratings for 89bio (NASDAQ:ETNB) in the last quarter. The average price target is $34.17, representing an upside from the current price of $8.35. This average is a 5.08% decrease from the previous average price target of $36.00.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:00 pm

EAT

Over the past three months, 11 analysts have published their opinion on Brinker International (NYSE:EAT) stock. The average price target is $38.73, implying an upside from the current price of $30.87. The current average has decreased by 1.68% from the previous average price target of $39.39.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:00 pm

RNR

Over the past 3 months, 5 analysts have published their opinion on RenaissanceRe Holdings (NYSE:RNR) stock. The average 12-month price target for the stock is $247.2, an increase of 0.28% from the previous average price target of $246.50. The ratings include 2 bullish, 1 somewhat bullish, and 2 indifferent.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:00 pm

CVX

A significant amount of unusual options activity has been detected for Chevron (NYSE:CVX), with a majority of investors taking a bullish stance. The trades range from $125.0 to $200.0 strike price. The price of CVX is currently down -3.27% at $161.1. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Chevron, with price targets of $210, $215, and $203 respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:48 pm