Streetbeat News

Stock Prices

HASI

Carson Block, founder of Muddy Waters Research, hinted at a new short idea ahead of Robin Hood’s Annual Investors conference. He also reflected on his successful short position on Hannon Armstrong Inc (NYSE:HASI), which is down approximately 43% year-to-date. Block criticized the company's accounting practices as intentionally misleading, leading to inflated paper profits with little underlying cash. Muddy Waters has since closed its short position on Hannon Armstrong, but Block acknowledged they may have exited too early as the stock has continued to fall.

Portfolio Pulse from Adam Eckert

October 11, 2023 | 5:43 pm

MTNB

Matinas Biopharma announced complete clinical resolution of a patient's recurrent hemorrhagic cystitis due to Candida krusei following treatment with the company's MAT2203. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:43 pm

ABL

BHFAN

CCG

FGF

GBLI

KINS

MBI

MHLD

PLMR

ROOT

TIRX

UVE

During Wednesday's intraday session, insurance stocks saw significant movement. Gainers included Root (NASDAQ:ROOT), Kingstone Companies (NASDAQ:KINS), Universal Insurance Hldgs (NYSE:UVE), Maiden Hldgs (NASDAQ:MHLD), Brighthouse Finl (NASDAQ:BHFAN), and Palomar Hldgs (NASDAQ:PLMR). Losers included FG Finl Gr (NASDAQ:FGF), Abacus Life (NASDAQ:ABL), Tian Ruixiang Holdings (NASDAQ:TIRX), Global Indemnity Group (NYSE:GBLI), MBIA (NYSE:MBI), and Cheche Group (NASDAQ:CCG).

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:40 pm

HUBS

Raymond James analyst Brian Peterson has downgraded HubSpot Inc (NYSE:HUBS) from Strong Buy to Outperform and lowered its price target to $520 from $600. The analyst is bearish due to cautious trends and skepticism about the upside in H2 2023. Concerns include extended sales cycles and smaller deal sizes. However, the analyst still sees potential in the company's consistent R&D and S&M execution, and believes it will grow faster than its market categories.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 5:36 pm

ARRY

DAL

ETN

INOD

JOBY

NOC

PLUG

PWR

VRT

Benzinga's options activity scanner has identified unusual trading activity in 10 industrial stocks. The stocks include Boeing (BA), Delta Air Lines (DAL), Vertiv Holdings (VRT), Plug Power (PLUG), Joby Aviation (JOBY), Innodata (INOD), Northrop Grumman (NOC), Array Technologies (ARRY), Quanta Services (PWR), and Eaton Corporation (ETN). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

ALNY

AMGN

ARDX

CRMD

ILMN

IMGN

LLY

SHC

TLRY

ZBH

The article reports on the recent options activity in the health care sector. It highlights the trading of put and call options for ten US-listed companies: SHC, ARDX, TLRY, CRMD, LLY, ALNY, ZBH, AMGN, ILMN, and IMGN. The sentiment associated with these trades varies, with some being bearish and others bullish.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

AAPL

AMD

MSFT

MSTR

NCR

NVDA

PLTR

SMCI

SNOW

SPLK

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. Notable trades include bullish put options for NVDA, AMD, and MSTR, and bearish call options for SPLK, MSFT, and PLTR. Bearish put options were observed for AAPL, SNOW, and NCR, while SMCI saw bullish call options.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

ADBE

Adobe Inc (NASDAQ:ADBE) has launched Project Stardust, an AI-powered photo editing engine, at the Adobe MAX conference. The engine is part of Adobe's latest innovations focusing on generative AI and 3D technologies. Project Stardust allows users to select, edit, and remove complex elements within any image. Adobe's shares are trading higher by 2.86% to $549.20 on last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 5:34 pm

BIRK

Birkenstock's IPO shares have started trading at $41 per share, which is lower than the IPO price of $46 per share.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:33 pm

CZOO

DXYN

ELYS

GDHG

HOFV

JOAN

NVFY

TUP

VOXX

XPEL

During Wednesday's intraday session, several consumer discretionary stocks experienced significant movement. Tupperware Brands, JOANN, VOXX International, Golden Heaven Group Hldgs, Elys Game Technology, and Cazoo Gr saw gains, while Hall Of Fame Resort, XPEL, Dixie Gr, and Nova Lifestyle saw losses. VOXX International's increase followed the release of their Q2 earnings.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:31 pm