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Stock Prices

PRME

Prime Medicine (NASDAQ:PRME) has received various analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent. The average price target is $20.5, representing a significant upside from the current price of $9.32. This average price target is a 2.38% decrease from the previous average of $21.00.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 12:00 pm

META

MSM

ORCL

POR

PTEN

SPOT

ZWS

Several analyst forecasts were released on Monday, with Barclays raising the price target for Zscaler, Citigroup boosting Patterson-UTI Energy's price target, and Evercore ISI Group increasing Oracle's price target. Goldman Sachs cut the price target for Zurn Elkay Water Solutions, Redburn Atlantic cut Spotify's price target, and Jefferies slashed Aramark's price target. UBS cut Portland General Electric's price target, B of A Securities lowered Datadog's price target, and Loop Capital raised MSC Industrial Direct's price target. Citigroup cut JetBlue Airways' price target, and Wells Fargo slashed Meta Platforms' price target.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 11:51 am

CME

CME Group Inc has reported a higher volume growth for the sixth consecutive quarter due to a strong surge in participation in its global Aluminum futures contract. In Q3, the average daily trading volume (ADV) rose 98% Y/Y to 4,656 contracts. In September, ADV reached a new high of 6,118 contracts, growing 132% Y/Y. The company's industrial metals sector is also showing growth, with a notable acceleration in copper futures. CME shares closed higher by 2.18% at $211.93 on Friday.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 11:41 am

GCT

GigaCloud Technology (GCT) has refuted claims made in a short seller report, stating that the conclusions drawn in the report are unsupported and inaccurate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 11:39 am

BTCUSD

XRPUSD

Elon Musk, the executive chair and chief technical officer of Twitter, faced criticism for the suspension of an XRP-related account. The suspended account, Digital Asset Investor.XRP, was known for its advocacy of XRP. This suspension has raised questions within the crypto community, especially amidst ongoing controversies and legal disputes surrounding XRP, including a lawsuit by the SEC alleging XRP as an unregistered security. Bitcoin was trading at $27,939.94, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 09, 2023 | 11:38 am

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares are falling in premarket trading due to a report that Microsoft Corp. (NASDAQ:MSFT), a major customer for Nvidia’s AI chip, will launch its own in-house AI chip next month. The report suggests that Microsoft has been working on this chip for years. Nvidia's stock could also be reacting to the Israel-Hamas conflict that is affecting growth stocks.

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 11:38 am

MDWD

MediWound is addressing the emergency demand for NexoBrid, a product used to treat burn casualties, due to the ongoing war in Israel. The company is ramping up production to meet the increased demand.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 11:37 am

COP

CVX

DIS

LMT

MRTX

NOC

NVDA

QQQ

SPY

XOM

The escalating tensions in the Middle East have dampened the risk-on mood, potentially leading to a bleak start to the week for S&P 500 and Nasdaq. However, gains in energy stocks and defense contractors could partially offset the negative sentiment. Traders are also preparing for the start of the third-quarter reporting season and closely monitoring inflation data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Stocks in focus include Walt Disney Co. (NYSE:DIS), Nvidia Corp. (NASDAQ:NVDA), Exxon Mobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), Chevron Corp. (NYSE:CVX), Lockheed Martin Corp. (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), and Mirati Therapeutics, Inc. (NASDAQ:MRTX).

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 11:28 am