Streetbeat News

Stock Prices

IMPP

Imperial Petroleum (IMPP) has seen a significant option alert. Specifically, there were 1799 calls for January 19 at $2, which were near the ask price. This is compared to an open interest of 329. The reference price was $1.63.

Portfolio Pulse from Charles Gross

October 02, 2023 | 4:49 pm

SBUX

Starbucks Inc.'s shares are currently trading at $91.03, after a 0.26% drop. Over the past month, the stock fell by 6.10%, but over the past year, it spiked by 2.73%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E ratio of the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:45 pm

PLUG

Plug Power Inc's (NYSE:PLUG) shares are trading lower following a price target cut from Truist Securities. The analyst lowered the price target from $9 to $8, citing more moderate sequential growth in Q3 due to production timing and electrolyzer shipments more weighted for Q4. The analyst also mentioned potential delays to PTC guidance due to the threat of a government shutdown impacting PLUG's financing efforts. The stock is also facing additional selling pressure due to a breakdown in technical support.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 4:43 pm

CLSK

HUT

MARA

MSTR

RIOT

Portfolio Pulse from Bill Haddad

October 02, 2023 | 4:42 pm

AEM

FCX

GOLD

NEM

PAAS

WPM

Shares of precious metals stocks are trading lower due to a rise in the US dollar following a stopgap bill, which averted a potential government shutdown. Companies like AEM, FCX, GOLD, HL, NEM, PAAS, WPM are affected.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:39 pm

FEMY

Femasys Inc. (NASDAQ:FEMY) shares have risen by over 14% on Monday and have seen a 900% increase over the last five days. This surge is attributed to HC Wainwright & Co. analyst Emily Bodnar maintaining a Buy rating for Femasys and raising the price target from $5 to $13. Additionally, Femasys announced the activation of enrollment for its FemBloc trial, a permanent birth control candidate.

Portfolio Pulse from Erica Kollmann

October 02, 2023 | 4:37 pm

ACN

IBM

Accenture's (ACN) Q4 earnings beat was overshadowed by lower than expected revenue and guidance, causing a 5% drop in its stock. The company reported a 4% rise in revenue, but bookings fell 10% YoY to $16.6 billion. For the ongoing quarter, Accenture guided for revenue between $15.85 billion to $16.45 billion. Meanwhile, IBM is focusing on leveraging AI technology to upgrade business operations, with a commitment to provide AI training for two million workers by the end of 2026.

Portfolio Pulse from Upwallstreet

October 02, 2023 | 4:37 pm

APA

CHK

DVN

ENB

EQT

FANG

MRO

OVV

OXY

PTEN

PXD

TPL

TRP

Shares of oil, gas and energy services stocks are trading lower due to a drop in oil prices. The stocks mentioned include APA, CHK, DVN, EC, ENB, EQT, FANG, MRO, OVV, OXY, PTEN, PXD, TPL, TRP, TS.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:32 pm

A significant bearish stance has been taken on Block (NYSE:SQ) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 47% bullish and 52% bearish. The whales have been targeting a price range from $37.5 to $130.0 for Block over the last 3 months. Several experts have downgraded their ratings on Block, while others maintain their positive outlook.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:31 pm

TGT

A significant bullish stance has been taken on Target (NYSE:TGT) as indicated by unusual options activity. The sentiment among these big-money traders is split evenly between bullish and bearish. The price range targeted by these traders for Target over the last 3 months is from $75.0 to $160.0. The current price of TGT is $110.2. Analysts from Evercore ISI Group, Morgan Stanley, HSBC, and Stifel have maintained their ratings on Target with price targets ranging from $130 to $142.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:31 pm