Streetbeat News

Stock Prices

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY) shares surged on Monday following the company's announcement of a delay in its reverse stock split effective date. The split, originally scheduled for Sept. 30, has been postponed to Oct. 14, with trading on a post-reverse split basis expected to begin on Oct. 16. Following the announcement, ShiftPixy's shares rose approximately 150% on Monday, closing up 88.2% at $1.53.

Portfolio Pulse from Ryan Gustafson

October 02, 2023 | 8:54 pm

DKNG

MGM

PDYPY

PENN

Detroit casino workers have authorized a potential strike if a new contract is not reached by October 16. The strike could affect MGM Grand Detroit, owned by MGM Resorts International, the Hollywood Casino at Greektown, owned by PENN Entertainment, and the MotorCity Casino. The workers are seeking job protection related to a rise in technology, which could put online sports betting and iGaming at the forefront of a strike. This could benefit online platforms like DraftKings and FanDuel. The strike could also negatively impact the state of Michigan and city of Detroit due to loss of tax revenue.

Portfolio Pulse from Chris Katje

October 02, 2023 | 8:54 pm

SONX

Sonendo has received a notice of non-compliance with the NYSE trading share price listing rule. The company's stock, SONX, is at risk of being delisted if it does not regain compliance.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:45 pm

VMW

VMware Inc.'s (NYSE:VMW) stock price is currently at $166.36, after a 0.07% decrease. However, over the past month, the stock increased by 1.49%, and in the past year, by 47.35%. The company's P/E ratio of 50.14 is lower than the Software industry average of 66.81, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 8:45 pm

FXI

MU

SPY

A group of US senators is planning to travel to China next week, with hopes of meeting with President Xi Jinping, according to a Republican Senate office. The news could potentially impact the stocks of FXI, MU, and SPY.

Portfolio Pulse from Charles Gross

October 02, 2023 | 8:39 pm

BHVN

Biohaven has started a public offering of $200M of its common shares. The company also plans to give the underwriter a 30-day option to buy up to an additional $30M of common shares. The proceeds from the offering will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:38 pm

TAK

Takeda Pharmaceutical Company Limited (TAK) announced its intention to voluntarily withdraw its drug EXKIVITY (mobocertinib) in the US after the Phase 3 EXCLAIM-2 confirmatory trial did not meet its primary endpoint. The company also plans to initiate similar withdrawals globally where the drug is approved. Takeda will continue to assess the impact of the withdrawal and update its full-year, consolidated forecast for the fiscal year ending March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:33 pm

DLA

Delta Apparel (DLA) has received an unsolicited offer to purchase its Salt Life business, which has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:31 pm

RTX

A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a bearish stance being taken by a majority of investors. The price range targeted by these investors for RTX over the last 3 months is $65.0 to $73.0. The current price of RTX is down -0.88% at $71.34. Analysts from Morgan Stanley, TD Cowen, JP Morgan maintain their ratings while Barclays and Alembic Global have downgraded their ratings.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 8:31 pm

GS

A significant bearish stance has been taken on Goldman Sachs Gr (NYSE:GS) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 60% bearish and 40% bullish. The price range targeted by these investors for Goldman Sachs over the last 3 months is $290.0 to $350.0. Analysts have mixed opinions, with JMP Securities and Oppenheimer maintaining a price target of $450, while Citigroup maintains a Neutral rating with a price target of $380, and HSBC downgraded its action to Buy with a price target of $403.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 8:31 pm