Streetbeat News

Stock Prices

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) stock is trading higher, influenced by the broader market's strength after the S&P 500 hit a new all-time high. The company's recent board meeting in Tel Aviv and partnership with the Israeli military for technological support are also contributing factors. Palantir is experiencing heavy trading volume and is set to report Q4 financial results on February 5. The stock has risen 9.2% to $18.33.

Portfolio Pulse from Erica Kollmann

January 22, 2024 | 3:37 pm

ARQT

Arcutis Biotherapeutics' stock is trading higher following the announcement of the launch of their new product, ZORYVE topical foam, which is used for treating seborrheic dermatitis.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:36 pm

TEAM

Atlassian's stock (TEAM) is trading higher following Citigroup's reaffirmation of a Buy rating and an increase in the price target from $215 to $280.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:36 pm

XPEV

XPeng Inc – ADR (NYSE:XPEV) shares dropped 1.7% to $9.48 amid a broader decline in U.S.-listed Chinese stocks following China's missed GDP and retail sales estimates. Hong Kong stocks, including the Hang Seng Index, hit a 15-month low, contributing to the bearish sentiment. XPeng's 52-week range is $7.50 to $23.62.

Portfolio Pulse from Henry Khederian

January 22, 2024 | 3:33 pm

SHLS

Shoals Technologies Group, Inc. (SHLS) stock is trading higher following an upgrade by Barclays from Underweight to Equal-Weight, although Barclays reduced the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:32 pm

CRSP

CRISPR Therapeutics (NASDAQ:CRSP) has delivered an average annual return of 14.35% over the past 5 years, outperforming the market by 1.56% annually. A $100 investment in CRSP 5 years ago would be worth $200.99 today. The company's market cap stands at $4.96 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:30 pm

ROKU

Over the past 5 years, Roku (NASDAQ:ROKU) has produced an average annual return of 15.72%, outperforming the market by 2.94% on an annualized basis. With a current market capitalization of $12.92 billion, a $1000 investment in Roku stock 5 years ago would be worth $2,094.25 today.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:30 pm

RELY

Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Remitly Global (NASDAQ:RELY) but reduced the price target from $25 to $21.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:26 pm

DOGEUSD

FLOKIUSD

TSLA

Dogecoin (DOGE) and Floki (FLOKI) saw a 12% increase in market activity over the weekend, with trading volumes soaring by 200%. Dogecoin developer Paulo Vidal emphasized Dogecoin's commitment to financial freedom and changing the financial system, highlighting projects aimed at global financial inclusion. The surge in dog-themed tokens is attributed to expectations of growing adoption, spurred by an @xpayments profile on X (formerly Twitter) and Elon Musk's hints at integrating DOGE for payments. Tesla (TSLA) already accepts DOGE for merchandise purchases, and Musk suggested DOGE for Twitter Blue payments.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 3:26 pm

PPL

Barclays analyst Nicholas Campanella has maintained an Equal-Weight rating on PPL Corporation (NYSE:PPL) and increased the price target from $25 to $27.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:25 pm