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SSTK

Shutterstock (NYSE:SSTK) has received 7 bullish ratings and 1 indifferent rating from analysts in the last quarter. The company has an average 12-month price target of $84.38, representing a 4.84% decrease from the previous average price target of $88.67.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 12:00 pm

COIN

Coinbase Global, Inc has been granted a payment institution license by the Monetary Authority of Singapore, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:59 am

SPHR

Shares of Sphere Entertainment rose in premarket trading following the successful debut of a U2 concert at their new arena in Las Vegas. The stock has risen about 79% through Friday's close.

Portfolio Pulse from Charles Gross

October 02, 2023 | 11:58 am

VTRS

Viatris Inc (VTRS) has announced multiple deals to sell assets as part of Phase 1 of its planned asset disposition, expected to conclude by the end of this year. The company anticipates gross proceeds of about $6.94 billion from all asset sales. The net proceeds will be used to reduce debt, aiming for a gross leverage target of 3.0x in H1 2024. The deals include selling its Over-the-Counter (OTC) business, API business in India, and Women's Healthcare business. VTRS shares are trading higher by 2.33% premarket.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 11:50 am

INTC

According to DigiTimes, Intel is making progress towards regaining its leadership position in the semiconductor industry. The report cites industry sources but does not provide specific details.

Portfolio Pulse from Charles Gross

October 02, 2023 | 11:49 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has advised individuals to invest in Bitcoin, gold, and silver as a hedge against hyperinflation. This advice comes after the recent U.S. inflation reading, which did not present any significant surprises. Kiyosaki also expressed concerns about the potential introduction of Central Bank Digital Currencies (CBDCs) and the erosion of privacy they could cause.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 11:47 am

QQQ

SPY

The U.S. stock futures market is off to a cautious start on Monday, with major indices showing mixed performance in the premarket. This comes after Congress narrowly averted a government shutdown over the weekend. Investors are now focusing on economic data and speeches by Federal Reserve officials. The SPDR S&P 500 ETF Trust (ARCA: SPY) and the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) showed slight increases.

Portfolio Pulse from Ramakrishnan M

October 02, 2023 | 11:42 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is undergoing a significant business transformation, including leadership changes within its core e-commerce unit, Taobao and Tmall Group. Trudy Dai Shan has relinquished her roles at several Alibaba subsidiaries to focus on Alibaba's primary e-commerce operations. Alibaba clarified that these changes are routine business registration adjustments at the subsidiary level. The company is also restructuring into six primary groups and spinning off its logistics network, Cainiao, for an IPO in Hong Kong. However, the overall market's performance and delay in Cainiao's listing have tempered the excitement surrounding this move.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 11:37 am

VTGN

Vistagen Therapeutics has priced a $100M underwritten offering of its common stock and warrants at a combined purchase price of $5.38 per share. The offering includes accompanying T1 and T2 warrants.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:33 am

K

KLG

Kellanova, formerly known as Kellogg, has completed the separation of its North American cereal business through the distribution of all shares of WK Kellogg Co to Kellanova common stock holders. WK Kellogg Co will begin trading on the NYSE under the ticker symbol 'KLG', while Kellanova will continue to trade under the ticker symbol 'K'.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:32 am