Streetbeat News

Stock Prices

TSVT

2seventy Bio's stock is trading higher following an upgrade by Leerink Partners from Market Perform to Outperform, with a significant increase in the price target from $5 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:47 pm

SINT

SINTX Technologies' stock is trading lower following the announcement of a $4 million public offering pricing.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:46 pm

VXRT

Vaxart's stock (VXRT) has seen an increase in trading after B. Riley Securities upgraded the stock from Neutral to Buy, setting a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:45 pm

GNPX

Genprex shares have declined following the announcement of a 1-for-40 reverse stock split. This corporate action is often perceived negatively as it may indicate underlying issues with the company's stock, such as trying to meet exchange listing requirements or to improve the stock's appeal to investors by increasing the price per share.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:45 pm

AMD

BA

GOOGL

KRE

NYCB

TLT

Ahead of the FOMC meeting, the Nasdaq 100 and S&P 500 fell due to disappointing earnings from tech companies like Alphabet and AMD. The ADP National Employment Report showed slower job growth, and the VIX rose. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The SPDR S&P Regional Banking ETF dropped after New York Community Bancorp reported a loss. Other stocks moved on earnings reports, with Boeing rallying on strong results.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 5:45 pm

XRPUSD

Ripple's token XRP fell over 5% following rumors of a network hack involving $112.5 million. Ripple's co-founder Chris Larsen clarified that his personal XRP accounts were hacked, not the Ripple network. Exchanges have frozen the affected addresses, and law enforcement is involved. The breach was publicized by blockchain investigator ZachXBT, and the community has reacted with a mix of concern and humor. The incident led to the liquidation of $3.8 million in long positions.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 5:44 pm

NKE

UA

UAA

Footwear and athletic apparel stocks are trading lower following Adidas's announcement that its preliminary reported sales decreased by 5% in 2023, indicating a potential industry-wide impact.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:44 pm

ADDYY

Adidas anticipates its currency-neutral sales to grow at a mid-single-digit rate by 2024, with expected sales of approximately €250 million.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:41 pm

APTV

Aptiv PLC (NYSE:APTV) reported a 6% increase in Q4 net sales year-over-year to $4.92 billion, missing the consensus of $5.07 billion. Adjusted operating income rose 14.7% to $600 million, with margins expanding to 12.2%. Adjusted EBITDA increased by 14.5% to $772 million, and adjusted EPS of $1.40 beat the consensus of $1.33. However, net cash flow from operating activities decreased compared to the prior year. The company repurchased 3.8 million shares for approximately $300 million. For 2024, Aptiv forecasts net sales of $21.3 billion-$21.9 billion, adjusted EPS of $5.55-$6.05, and expects an adjusted EBITDA margin of 15.0%-15.3%. APTV shares dropped by 2.72% to $84.36.

Portfolio Pulse from Akanksha Bakshi

January 31, 2024 | 5:40 pm

GHSI

Guardion Health Sciences (GHSI) shares are up following the announcement of an equity purchase agreement to sell its Activ Nutritional subsidiary to Doctor's Best for $17.2 million in cash.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:40 pm