Streetbeat News

Stock Prices

VFS

A significant investor has taken a bearish stance on VinFast Auto (NASDAQ:VFS), with 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $10.0 to $45.0 for VinFast Auto over the last 3 months. The price of VFS is currently down -7.87% at $14.4, and RSI indicators suggest that the stock may be oversold.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 4:39 pm

RAD

Rite Aid Corp (NYSE:RAD) is reportedly planning to close between 400 and 500 of its 2,100 locations as part of a bankruptcy plan. The company is facing over $3.3 billion in debt and numerous lawsuits claiming the company oversupplied opioids. Rite Aid shares have fallen more than 85% since the start of the year.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 4:38 pm

RAD

Rite Aid is reportedly planning to close hundreds of stores as part of a bankruptcy plan. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:38 pm

VACC

Trading of Vaccitech shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:36 pm

VACC

Shares of Vaccitech (VACC) were halted on a circuit breaker to the upside, with the stock now up 116.1%.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:32 pm

JD

JD.Com Inc's shares are trading lower due to concerns over China's property sector, particularly the ongoing investigation into China Evergrande's Hengda Real Estate subsidiary. Economic uncertainty and a shaky property market may lead to a slowdown in JD.com's sales growth as consumers cut back on discretionary spending and big-ticket purchases.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 4:23 pm

SE

Sea Limited (NYSE:SE) shares are trading higher on heavy volume, despite no company-specific news. The stock is still down over 30% in the last three months. The shares are trading near the low of its 52-week range. Sea Limited operates Southeast Asia's largest e-commerce company, Shopee.

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 4:23 pm

OII

Citigroup has maintained a Buy rating on Oceaneering International's stock and increased its price target from $27 to $31. This has led to a rise in Oceaneering International's shares.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:20 pm

BCS

BNPQY

GS

HSBC

Major global banks including Goldman Sachs Group, Inc. (GS), HSBC Holdings, Plc (HSBC), Barclays PLC (BCS), and BNP Paribas (BNPQY) are collaborating to develop a unified method of revealing clients' stock positions. The initiative, named Endoxa, aims to enhance transparency, reduce expenses, and mitigate the potential dangers of under-reporting. The banks are working with RegTech expert Droit to optimize their efforts.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 4:18 pm

COST

FL

LULU

TJX

URBN

WMT

Federal student loan repayments are set to resume in October, potentially impacting consumer spending patterns and causing financial stress for nearly 44 million Americans. According to a survey by Jefferies, sectors such as apparel, accessories, restaurants, and footwear could face headwinds. Companies like Lululemon Athletica Inc, Foot Locker Inc, and Urban Outfitters, Inc are most exposed to spending cutbacks. However, companies like Walmart Inc, Costco Wholesale Corporation, and TJX Companies Inc are expected to navigate these headwinds effectively due to their established footing in value retail.

Portfolio Pulse from AJ Fabino

September 25, 2023 | 4:17 pm