Streetbeat News

Stock Prices

BAC

Bank of America's (NYSE:BAC) short percent of float has risen 14.47% since its last report, with 59.91 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Bank of America's peer group average for short interest as a percentage of float is 0.86%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 4:00 pm

RTX

Analysts have provided various ratings for RTX (NYSE:RTX) within the last quarter, with the majority being indifferent. The average price target for RTX over the next 12 months is $88.81, a decrease of 15.88% from the previous average price target of $105.58.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 4:00 pm

NWL

Newell Brands Inc. (NASDAQ:NWL) has been charged by the U.S. Securities and Exchange Commission (SEC) for misleading investors about its core sales growth. The company's former CEO, Michael Polk, is also charged for actions that artificially increased the company's publicly disclosed core sales growth in 2016 and 2017. Newell and Polk have agreed to pay civil penalties of $12.5 million and $110,000, respectively, without admitting or denying the SEC's findings. Despite the news, NWL shares are trading higher by 4.43%.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 3:51 pm

AMZN

CI

CVS

WBA

WMT

Walgreens Boots Alliance Inc. is reportedly considering appointing Tim Wentworth, a former executive at Cigna Group, as its next CEO. This comes after the abrupt departure of Rosalind Brewer. Walgreens is facing competition from Amazon.com and Walmart Inc, and is lagging behind its main competitor, CVS Health Corp. Walgreens expects FY23 adjusted EPS to be at or near the low end of its previously stated range. WBA shares are up 6.70% at $22.31 on the last check Friday.

Portfolio Pulse from Vandana Singh

September 29, 2023 | 3:51 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher, up 6.5% for the week. The company is gaining investor attention as student loan repayment is set to restart on Oct. 1, potentially increasing SoFi's revenue. The stock is also trending on Yahoo! Finance and has a high short interest of 11.73%. The stock's trading volume is above average with more than 13.5 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

September 29, 2023 | 3:49 pm

LAC

Lithium Americas Corp. shares are moving higher on increased volume following a Bloomberg report that the U.S. government is considering a record $1 billion loan for the company's lithium mine.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:49 pm

USAC

USA Compression Partners' stock has been downgraded from Neutral to Underperform by Mizuho, leading to a decrease in the trading price of the shares.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:46 pm

MTN

Vail Resorts reported its Q4 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:43 pm

BMI

Badger Meter's stock has been downgraded from Neutral to Sell by Northcoast Research, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:41 pm

KRE

NKE

WBA

XLY

The Bureau of Economic Analysis released its report on the Price Consumption Expenditure (PCE) price index, showing a slight increase in inflation from 3.4% in July to 3.5% in August. Following the report, several stocks and ETFs experienced significant movement. Notably, NIKE Inc. (NKE) soared 6.9% after reporting better-than-expected Q2 earnings, and Walgreens Boots Alliance Inc. (WBA) rose over 6% amid news of a potential new CEO and a revised price target. ETFs such as SPDR Regional Banking ETF (KRE) and The Consumer Discretionary Select Sector SPDR Fund (XLY) also saw increases.

Portfolio Pulse from Piero Cingari

September 29, 2023 | 3:37 pm