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Stock Prices

MGX

Metagenomi's IPO is indicating an opening price of $11.50 per share on 413,670 shares, compared to the IPO price of $15 per share on 6.25 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:38 pm

TSLA

Tesla Inc (NASDAQ:TSLA) faced a significant 24% decline in shares in January 2024, erasing about $80 billion in market value, primarily due to weaker sales growth anticipation. The Q4 earnings report revealed earnings per share of $0.71, missing the estimated $0.74, leading to an 8% drop in stock price and failing to recover beyond the $200 level. This has redefined investor confidence and posed a psychological barrier for the stock.

Portfolio Pulse from Zaheer Anwari

February 09, 2024 | 3:36 pm

MGA

Magna International's stock is trading lower following the release of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:35 pm

HLXB

Trading for the IPO security HLXB was halted but has now resumed as of 10:35:00 AM ET. This update indicates that the security is once again available for trading and quotation.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:35 pm

TELO

Trading for the IPO security TELO was halted but has now resumed as of 10:35:00 AM ET. This update indicates that any temporary issues or procedural steps required for the IPO have been addressed, allowing trading to continue.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:35 pm

OC

Owens Corning has announced an agreement to acquire Masonite for $3.9 billion, leading to a decrease in Owens Corning's share price.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:34 pm

PI

Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Impinj (NASDAQ:PI) and increased the price target from $89 to $115, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:34 pm

DOOR

NET

PI

SPSC

SPS Commerce, Inc. reported better-than-expected earnings and sales, leading to a 10.2% stock increase. Other companies like Masonite International, Cloudflare, Inc., and Impinj, Inc. also saw significant gains due to various positive developments, including acquisitions, financial results, and guidance.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 3:31 pm

GOOGL

PINS

Pinterest Inc (NYSE:PINS) shares fell in premarket trading despite reporting upbeat Q4 earnings, attributed to a revenue miss and lower-than-expected Q1 revenue guidance. Analysts highlighted the partnership with Google (NASDAQ:GOOGL)(NASDAQ:GOOG) as a positive surprise and expect the company's new ad integrations to boost future revenue. Ratings and price targets were adjusted by several analysts, reflecting a mix of optimism and caution regarding Pinterest's future performance.

Portfolio Pulse from Priya Nigam

February 09, 2024 | 3:30 pm

IT

Over the past decade, Gartner (NYSE:IT) has significantly outperformed the market, yielding an average annual return of 21.21%. A $100 investment in Gartner stock 10 years ago would be worth $692.62 today, showcasing the impact of compounded returns on investment growth. Gartner's current market capitalization stands at $35.95 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:30 pm