Streetbeat News

Stock Prices

HWM

Keybanc has reaffirmed its Overweight rating on Howmet Aerospace (NYSE:HWM) and increased its price target from $52.00 to $60.00. Howmet Aerospace's shares are currently trading at $56.11, and the new price target suggests a potential upside of 6.93%. Howmet Aerospace operates in aerospace, commercial transportation, and other markets, offering innovative solutions like advanced airfoils and lightweight composite fasteners.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 5:00 pm

VIR

HC Wainwright & Co. has maintained a Buy rating for Vir Biotechnology (NASDAQ:VIR) but lowered its price target from $95.00 to $85.00. Despite the reduction, the new target suggests a significant upside of 770.9% from the current price of $9.76. Vir Biotechnology is a commercial-stage immunology company with a focus on infectious diseases and has multiple technology platforms and product candidates.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 5:00 pm

VRM

Vroom, Inc. has announced that it will discontinue its ecommerce operations and wind down its used vehicle dealership business, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:58 pm

HAL

Halliburton Company (NYSE:HAL) shares rose after reporting Q4 EPS that exceeded expectations and announcing a 6.25% dividend increase. Despite missing revenue consensus, operating income and margins improved, with both Completion and Production, and Drilling and Evaluation segments showing revenue and income growth. Adjusted EPS was $0.86, above the consensus of $0.80. The company also repurchased $250 million in stock and raised the quarterly dividend to $0.17 per share.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 4:58 pm

RUM

Rumble's stock price has increased following the announcement of a partnership with Barstool Sports and the public launch of Rumble Studio.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:53 pm

ET

Kelcy Warren, Chairman of Energy Transfer, stated that he does not anticipate the US Army Corps of Engineers to shut down the Dakota Access Oil Pipeline. He also mentioned that the company is not affected by the Corps' draft of a more intensive environmental impact study for the pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:53 pm

GATX

GATX Corporation's stock is trading higher following the announcement of their fourth-quarter financial results, which exceeded expectations. Additionally, the company provided earnings per share (EPS) guidance for the fiscal year 2024 that surpasses analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:52 pm

JBLU

SAVE

Spirit Airlines' stock (SAVE) is trading higher, potentially as a result of the company's decision, along with JetBlue, to appeal a judge's ruling that blocked their proposed merger.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:48 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) shares surged after the company was awarded a $16 million project to implement a turnkey fleet electrification program for Fresno EOC's 50-shuttle fleet using its proprietary software and V2G technology. Additionally, Nuvve recently executed a 1-for-40 reverse stock split, reducing its outstanding shares from approximately 49.9 million to about 1.3 million. NVVE shares are up 44.77% to $4.31.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 4:45 pm

VRTX

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) stock price is currently $438.11, having dropped by 0.45% in the current market session. Despite this, VRTX has seen a 7.36% increase over the past month and a 38.81% rise over the past year. The article discusses the company's P/E ratio in comparison to the Biotechnology industry average, suggesting that VRTX's lower P/E might indicate it is undervalued or expected to perform worse than its peers. The P/E ratio, while useful, should not be the sole metric for investment decisions and should be used alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:45 pm