Streetbeat News

Stock Prices

GVH

Globavend Holdings Limited (NASDAQ:GVH) is set to IPO on October 05 on the NASDAQ exchange under the ticker GVH. The company is offering shares at an expected price between $4.00 and $5.00 per share with an insider lock-up period of 180 days ending on April 02, 2024.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 3:00 pm

AAGIY

BEKE

HSBC

TCEHY

YUMC

Hong Kong companies have been buying back their shares at an all-time high, with HSBC Holdings, AIA Group, Tencent Holdings, and Xiaomi Corporation leading the pack. In the US, KE Holdings and Yum China Holdings made substantial stock repurchases.

Portfolio Pulse from Daniel Harrison

October 04, 2023 | 2:52 pm

BGS

Piper Sandler has downgraded B&G Foods from Neutral to Underweight and lowered its price target from $14 to $8, causing B&G Foods shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:52 pm

GOLD

Barrick Gold Corp (NYSE:GOLD) plans to invest $2 billion in the expansion of Lumwana Mine in Zambia, aiming to increase its annual copper production to 240,000 tonnes. The company aims to complete the full feasibility study by the end of 2024 and expects to meet FY23 production guidance. Barrick Gold's Q2 cash and cash equivalents were $4.16 billion, with a debt of $4.77 billion. The company's shares are currently trading lower by 2.22% at $13.87.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 2:52 pm

TSLA

Investor Business Daily SwingTrader has reportedly purchased Tesla (TSLA) stock.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:51 pm

BIDU

A significant bearish stance has been taken on Baidu (NASDAQ:BIDU) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $115.0 to $150.0 for Baidu over the last 3 months. The current price of BIDU is down -1.18% at $127.65. Bernstein maintains an Outperform rating on Baidu with a price target of $168.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:47 pm

LLY

A significant bullish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The whales have been targeting a price range from $340.0 to $670.0 for Eli Lilly over the last 3 months. Argus Research and Morgan Stanley have maintained their Buy and Overweight ratings on Eli Lilly respectively, with price targets of $620 and $640. Cantor Fitzgerald downgraded its action to Overweight with a price target of $630.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:47 pm

BAC

A significant number of investors have taken a bullish stance on Bank of America (NYSE:BAC), with 60% of recent unusual options trades being bullish and 39% bearish. The trades include 19 puts worth $2,571,840 and 9 calls worth $479,929. Whales have been targeting a price range from $23.0 to $35.0 for Bank of America over the last 3 months. The bank's stock is currently down -0.12% at $25.88. Analysts from Oppenheimer, Morgan Stanley, RBC Capital, HSBC, and Piper Sandler have maintained or adjusted their ratings and price targets.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:47 pm

CIO

City Office REIT (NYSE:CIO) has announced a quarterly dividend of 10 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own CIO as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 24, 2023.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:45 pm

NYT

New York Times (NYSE:NYT) has announced a quarterly dividend of 11 cents per share, payable on October 26, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Friday is the last day for investors to buy the stock and still be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:45 pm