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Stock Prices

DIS

Walt Disney Co (NYSE:DIS) stock continues to fall, down 32% since February 9, due to ongoing legal battles initiated by Florida Gov. Ron DeSantis and economic worries following last week's Federal Reserve meeting. The stock has been in a consistent downtrend since May 10. The most recent lower high within its downtrend was formed at $83.67 and the most recent confirmed lower low was at the $81.64 mark. If the stock falls below $79.75, it will print a new three-year low.

Portfolio Pulse from Melanie Schaffer

September 26, 2023 | 7:21 pm

SNAP

Snap Inc (NYSE:SNAP) shares are trading lower by 3.5% after HSBC initiated coverage on the stock with a Reduce rating and a $7.50 price target. The overall market weakness and concerns about future rate hikes following last Wednesday's FOMC statement and lower-than-expected initial jobless claims data are also contributing to the fall. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:21 pm

BEKE

Shares of KE Holdings Inc (NYSE:BEKE) are trading lower due to concerns over China's property sector, following reports that China Evergrande is unable to issue new debt due to an investigation into its subsidiary. KE Holdings, an online real estate services provider, could see reduced transaction volumes and revenues due to a slowdown in the property market. Evergrande's recent announcement of cancelling a creditor meeting and lower than expected sales have further fueled concerns.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:19 pm

TCOM

Shares of Trip.com Group Ltd (NASDAQ:TCOM) are trading lower amid concerns over China's property sector, particularly the ongoing issues with China Evergrande. The property sector's instability can impact the broader economy, potentially leading to reduced consumer spending and decreased consumer confidence, which could negatively affect Trip.com's travel and tourism business.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:18 pm

SLNO

Soleno Therapeutics Inc (NASDAQ:SLNO) released positive top-line results from a long-term treatment study of DCCR for Prader-Willi syndrome (PWS). Cantor Fitzgerald raised the price target on Soleno Therapeutics from $19 to $35, with an Overweight rating. The analysts believe the PWS market could hold significant appeal for Soleno Therapeutics and that the stock remains undervalued.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 7:18 pm

FTNT

Fortinet's (NYSE:FTNT) short percent of float has fallen 5.06% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 9.86 million shares sold short, which is 1.5% of all regular shares available for trading. Compared to its peers, Fortinet has less short interest as a percentage of float, which is 5.24% on average.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:15 pm

WMT

Walmart's (NYSE:WMT) short percent of float has risen 3.09% since its last report, with 14.17 million shares sold short, which is 1.0% of all regular shares available for trading. It would take traders 2.16 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Walmart's peer group average for short interest as a percentage of float is 3.76%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:15 pm

VRTX

Vertex Pharmaceuticals' short percent of float has risen 6.6% since its last report, with 2.92 million shares sold short, which is 1.13% of all regular shares available for trading. It would take traders 3.92 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.60%.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:15 pm

THO

Truist Securities analyst Michael Swartz reiterated a Hold rating on Thor Industries Inc (NYSE:THO) and raised the price target from $84 to $86. Thor reported solid FY4Q23 results, with adjusted EPS of $1.68 on revenue of $2.74 billion, beating estimates. The company ended FY4Q with a North American backlog of ~$2 billion. The analyst believes that an anticipated production rebound would likely unfold at a more measured pace due to the ongoing clearance of aged product.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 7:12 pm

MAR

Morgan Stanley analyst Stephen W Grambling has reiterated an Overweight rating on Marriott International Inc (NASDAQ:MAR) with a price target of $225. The company is set to host its first investor day in over four years on September 27. The analyst anticipates a similar structure to previous events, with added details on recent brand launches, partnerships, and technology investments. The company is expected to deliver an 11% 2019-2023 EPS CAGR on +2% RevPAR and +7% EBITDA. The recent sell-off leaves MAR trading at 19x the analyst's 2024 EPS, below the long-term average of ~21.5X.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 7:10 pm