Streetbeat News

Stock Prices

ALPN

Alpine Immune Sciences' stock (ALPN) is trading higher following an Outperform rating confirmation and a price target increase from $26 to $35 by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:28 pm

AVBP

ArriVent BioPharma's stock is indicating a price of $24.00 based on a volume of 321,953 shares traded.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:28 pm

FISI

Shares of Financial Institutions, Inc. (FISI) are trading lower following the release of their fourth-quarter financial results, which fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:27 pm

NSC

Norfolk Southern Corp (NYSE:NSC) reported a decline in Q4 railway operating revenue by 5% Y/Y to $3.073 billion, missing consensus estimates. Adjusted EPS also fell to $2.83, below the expected $2.87. Segment-wise, Merchandise, Intermodal, and Coal sales all decreased Y/Y. Operating expenses rose by 10.2%, and income from railway operations dropped by 31.6% Y/Y, or 19% when adjusted for the Eastern Ohio Incident. Operating cash flow and cash holdings also decreased compared to the previous year. NSC repurchased shares worth $627 million in 2023. For 2024, the company forecasts ~3% revenue growth and flat CapEx of ~$2.3 billion, with a three-year outlook aiming for margin improvement. Shares fell by 3.21% to $230.22.

Portfolio Pulse from Akanksha Bakshi

January 26, 2024 | 5:26 pm

AAL

ALGT

ALK

DAL

JBLU

UAL

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm

FCNCA

First Citizens BancShares' stock is trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:20 pm

Zillow's stock price has increased following JP Morgan's decision to maintain an Overweight rating and raise its price target from $46 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

ARBK

BTDR

CLSK

CORZ

HUT

MARA

RIOT

A Cantor Fitzgerald report suggests that the upcoming Bitcoin Halving in April could render nine of the eleven largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000. Only Bitdeer (BTDR) and CleanSpark (CLSK) are expected to maintain profit margins. Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are projected to be the most affected. Other miners like Marathon Digital (MARA), Riot Blockchain (RIOT), and Core Scientific (CORZ) may also face significant impacts. The report considers the all-in cost per coin, which includes electricity, hosting fees, and other expenses. Miners are selling reserves ahead of the Halving to cover costs and prepare for future investments. The Halving, which reduces the reward per block for miners, is expected to create price increases due to supply contraction.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 5:16 pm

CRBP

Shares of Corbus Pharmaceuticals Holdings (CRBP) were halted on a circuit breaker due to a rapid increase in price, with the stock surging 311.6%.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:14 pm

TSLA

WKSP

WKSPW

Tesla Inc (TSLA) experienced a significant drop in market valuation at the start of 2024, with challenges in making the Cybertruck profitable before 2025. Ford Motor (F) also saw a reduction in its electric F-150 production due to slowing EV demand. Worksport Ltd. (WKSP, WKSPW) is advancing with its clean energy solutions, purchasing inventory parts for the Alpha Release of its COR portable energy system and providing prototypes to Hyundai. The future of electric pickups is tied to battery technology and charging infrastructure innovation.

Portfolio Pulse from Upwallstreet

January 26, 2024 | 5:09 pm