Streetbeat News

Stock Prices

CME

CME Group's short percent of float has decreased by 5.36% since its last report, with 3.79 million shares sold short, representing 1.06% of all regular shares available for trading. It would take traders 2.83 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.74%.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 1:30 pm

NIO

Shares of NIO Inc - ADR (NYSE:NIO) are trading higher by 3.8% amid renewed hopes of economic growth in China. This comes as China is implementing a new property policy to stabilize the housing market. However, NIO shares have experienced weakness after the company proposed a $1 billion offering of convertible senior notes due 2029 and 2030.

Portfolio Pulse from Henry Khederian

September 22, 2023 | 1:29 pm

FLUX

Flux Power's shares are trading lower following the company's announcement of worse-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:28 pm

NEPT

Neptune Wellness Solutions has announced the pricing of a $4.5 million public offering of 1.8 million shares at $2.50 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:28 pm

SCHL

Scholastic Corporation (SCHL) shares are trading lower following the company's release of disappointing Q1 financial results that fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:26 pm

CCG

Cheche Group's shares are experiencing increased volatility following its business combination with Prime Impact Acquisition I. The company also announced a successful, ongoing collaboration with Li Auto.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:26 pm

SGEN

Seagen announced that its PADCEV and KEYTRUDA drugs significantly improved overall survival and progression-free survival in patients with previously untreated advanced bladder cancer in a pivotal Phase 3 EV-302 trial. This news has led to a rise in Seagen's share price.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:21 pm

BEKE

BIDU

BILI

BZ

FUTU

HTHT

JD

LI

NIO

NTES

PDD

TCOM

TME

XPEV

YUMC

Shares of several Chinese stocks are trading higher amid hopes for improving growth.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:18 pm

HD

LOW

MCD

NKE

Wall Street analysts have made new stock picks for several consumer discretionary stocks. The Home Depot (HD) received a Hold rating from Stifel and a Buy rating from Truist Securities. McDonald's (MCD) received a Buy rating from Truist Securities and an Outperform rating from TD Cowen. Nike (NKE) received an Overweight rating from Wells Fargo and a Sell rating from Williams Trading. Lowe's Companies (LOW) received a Buy rating from both Stifel and B of A Securities.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 1:14 pm

F

FTXR

GM

STLA

The United Auto Workers (UAW) union threatens to expand walkouts at General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA) due to unresolved labor disputes. The ongoing strike is causing a production loss of about 3,200 vehicles per day. The First Trust Nasdaq Transportation ETF (NYSE:FTXR), which includes these three automakers, fell by 1.6%.

Portfolio Pulse from Piero Cingari

September 22, 2023 | 1:11 pm