Streetbeat News

Stock Prices

BABA

A significant number of investors have taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 60% of detected trades showing bearish expectations. The targeted price range for Alibaba over the last 3 months is from $65.0 to $265.0. The current price of BABA is up 0.75% at $87.82. Benchmark has downgraded its action to Buy with a price target of $180.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:16 pm

LMT

A significant amount of unusual options activity has been observed for Lockheed Martin (NYSE:LMT), with a roughly equal split between bullish and bearish expectations. The trades have targeted a price range of $360 to $500 over the last three months. Deutsche Bank, Wells Fargo, and UBS have recently updated their ratings and price targets for LMT. The stock's current price is $436.65, up 0.36%, and it may be approaching overbought territory according to RSI indicators.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:16 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) shares dropped after the company reported preliminary Q3 results and issued full-year and Q4 revenue guidance below estimates. The company also announced the commencement of a public offering. Full-year 2023 revenue is expected to be between $185 million and $194 million, versus the $202.35 million estimate. Shares of RGF were down 26.1% at $2.29.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 8:11 pm

RMCF

Rocky Mountain Chocolate has reported a Q2 EPS of $(0.16), with sales of $6.60M, down from $7.53M year-over-year.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:06 pm

CERE

Cerevel Therapeutics has announced a proposed public offering of its common stock worth $400M. The company also expects to grant the underwriters a 30-day option to purchase up to an additional $60M of its shares at the public offering price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:03 pm

BTCUSD

ETHUSD

Crypto whales have sold over 5 million ETH, worth approximately $8.5 billion, since February 2023, according to crypto analyst Ali Martinez. There hasn't been any discernible shift toward ETH accumulation from these major players, indicating a continued selling trend. Martinez also noted that Ethereum is hovering above a critical demand zone and a daily close below the $1,530 mark could indicate a sharp correction in Ethereum's value. He also hinted at a potential 5% correction in BTC, potentially heading to $26,200.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 8:02 pm

SAVE

In the last quarter, Spirit Airlines (NYSE:SAVE) received indifferent ratings from six analysts. The average price target is $18.42, which is higher than the current price of $16.59. This average represents a 12.91% decrease from the previous average price target of $21.15.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

XPO

Over the past 3 months, 19 analysts have published their opinion on XPO Logistics (NYSE:XPO) stock. The average price target for XPO is $79.16, with a high of $89.00 and a low of $65.00. This average price target has increased by 22.1% over the past month.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

CP

Analysts have provided ratings for Canadian Pacific Kansas (NYSE:CP) over the last quarter, with 5 somewhat bullish, 2 indifferent, and none bearish. The average price target is $99.43, compared to the current price of $72.88, implying an upside. This average has decreased by 0.57% from the previous average price target of $100.00.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

TSE

Analysts have given Trinseo (NYSE:TSE) indifferent ratings over the last quarter, with an average price target of $11.5, a decrease of 33.33% from the previous average price target of $17.25.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm