Streetbeat News

Stock Prices

CGNT

Cognyte Software reported better-than-expected Q2 financial results and issued FY24 EPS and revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:50 pm

ADBE

CTAS

CTRE

ENPH

FDX

IAG

IDYA

ORCL

RTX

SGHT

Several analyst forecasts were released on Tuesday, with notable changes in price targets for various companies. CareTrust REIT, Adobe, Sight Sciences, IAMGOLD Corporation, RTX Corporation, Cintas Corporation, AngloGold Ashanti Limited, Enphase Energy, Oracle Corporation, FedEx Corporation, and IDEAYA Biosciences were all mentioned. The changes in price targets were accompanied by upgrades or downgrades in stock ratings.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:49 pm

GERN

Goldman Sachs has upgraded Geron's stock from Neutral to Buy and set a price target of $4. This has resulted in Geron's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:49 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) has priced its underwritten public offering of 5 million shares at $0.40 per share, aiming to raise approximately $2.0 million. The company has also granted underwriters a 45-day option to purchase up to an additional 750,000 shares. The offering is expected to close on September 13, 2023. The proceeds will be used for research and development, market development, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:47 pm

IGV

ORCL

SJM

TWNK

On CNBC's 'Halftime Report Final Trades', Oracle Corporation (ORCL) was named as a final trade by Jim Lebenthal of Cerity Partners, following its upbeat Q1 earnings. Anastasia Amoroso of J.P. Morgan Private Bank picked iShares Expanded Tech-Software Sector ETF (IGV). Stephanie Link of Hightower named The J. M. Smucker Company (SJM) as her pick, following its plans to acquire Hostess Brands (TWNK) for $5.6 billion.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:46 pm

BTC

BTC Digital has regained compliance with Nasdaq's minimum bid price requirement. The company was previously at risk of being delisted due to its share price falling below the minimum requirement.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:45 pm

MLTX

MoonLake's shares are trading higher following the failure of rival Acelyrin's Phase 2b/3 trial of izokibep for Hidradenitis Suppurativa. MoonLake is also developing a treatment for the same condition.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:45 pm

LFLY

Leafly Holdings (NASDAQ: LFLY) has announced a 1-for-20 reverse stock split of its common stock, effective from September 12, 2023. The move is aimed at maintaining the company's listing on the Nasdaq by meeting the minimum bid price requirement. The stock will continue to trade under the symbol 'LFLY'. The company's public warrants will also continue trading under the symbol 'LFLYW'. No fractional shares will be issued as a result of the split.

Portfolio Pulse from Maureen Meehan

September 12, 2023 | 12:41 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is set to report its quarterly earnings on Sept. 14, 2023. Options traders are bullish, with Adobe trading around 1.5x its average daily call volume. The options market implies a +/-5% move post-earnings release, in line with its historic average. Analysts expect earnings of $3.98 per share on revenue of $4.87 billion. Adobe shares gained 0.7% to close at $564.50 on Monday.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:38 pm

AMZN

GOOG

MSFT

Amazon has agreed to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over ten years from 1PointFive's STRATOS plant. This is Amazon's first investment in direct air capture climate technology. The company aims to source 100% of its electricity from renewable energy sources by 2025 and reach net-zero carbon by 2040. Other tech companies like Microsoft and Alphabet are also focusing on reducing their carbon footprints.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 12:37 pm