Streetbeat News

Stock Prices

RTX

B of A Securities analyst Ronald Epstein has downgraded Raytheon Technologies Corporation (RTX) from Neutral to Underperform and lowered the price target from $95 to $75.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:36 am

SMTC

Susquehanna analyst Christopher Rolland has upgraded Semtech (NASDAQ:SMTC) from Neutral to Positive and set a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:33 am

GLD

SPY

UUP

US markets ended mixed on Wednesday, September 13, reacting to higher-than-expected August inflation data. The annual inflation rate rose to 3.7%, surpassing market expectations of 3.6%. Most S&P 500 sectors ended positively, with utilities and consumer discretionary stocks posting the largest gains. Asian markets and European markets traded in green. Commodities saw mixed results, with Crude Oil and Natural Gas gaining, while Gold and Silver traded lower.

Portfolio Pulse from Akanksha Bakshi

September 14, 2023 | 10:26 am

LODE

Comstock Mining Inc. has completed the sale of its battery recycling facility, generating a realized gain of over $7 million.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:14 am

ICCT

iCoreConnect has entered into a purchase agreement with Arena Business Solutions Global SPC II, Ltd. to purchase up to $40M of ICCT common stock.

Portfolio Pulse from Charles Gross

September 14, 2023 | 10:08 am

ALV

AMPX

IBEX

IE

PCT

SPCE

VTLE

Several stocks recorded losses in Thursday's pre-market trading session. PureCycle Technologies (PCT) shares fell 14.6%, Ivanhoe Electric (IE) dipped 12.2% after pricing its public offering, IBEX Limited (IBEX) declined 11.1% following downbeat Q4 results and weak FY24 revenue outlook, Vital Energy (VTLE) fell 8.4% after announcing a public offering and plans for senior notes, Amprius Technologies (AMPX) declined 7%, Autoliv (ALV) fell 4.4%, and Virgin Galactic (SPCE) declined 2.6%.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 10:06 am

MYTE

Mytheresa, a luxury fashion e-commerce company, reported a Gross Merchandise Value (GMV) growth of 13.0% in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:02 am

ARKK

TSLA

Ark Invest, led by Cathie Wood, sold 51,155 Tesla shares on Wednesday, amounting to $13.88 billion. This comes after Tesla's stock rallied by 9% this week. Despite the sale, Tesla remains the top holding of Ark's flagship ETF, the Ark Innovation ETF (ARKK), with an 11.38% weighting. Ark has been selling Tesla stock since mid-June, even amid the stock's weakness following Tesla's Q2 earnings release.

Portfolio Pulse from Shanthi Rexaline

September 14, 2023 | 10:01 am

IE

Ivanhoe Electric Inc (NYSE:IE) has priced an underwritten public offering of 11.9 million shares at $13.50 per share, a 12.3% discount to the company’s closing price as of Sept. 13, 2023. The company has also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares at the public offering price. The gross proceeds from the offering are expected to be approximately $160 million. The company intends to use the net proceeds for a feasibility study on the Santa Cruz Project, mineral rights payments, drilling and other exploration activities, and general corporate purposes.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 9:57 am

IBEX

RBC Capital's analyst Daniel Ford has downgraded IBEX (NASDAQ:IBEX) from Outperform to Sector Perform and lowered the price target from $27 to $18.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 9:56 am