Streetbeat News

Stock Prices

APLS

HC Wainwright & Co. analyst Douglas Tsao has reaffirmed a Buy rating on Apellis Pharmaceuticals (NASDAQ:APLS) and increased the price target from $82 to $92, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:23 am

AVDL

KALV

LPG

Insiders at KalVista Pharmaceuticals, Avadel Pharmaceuticals, and Dorian LPG have recently made notable stock purchases. Nimish Shah, a 10% owner of KalVista, bought 26,246 shares at $12.72 each. Avadel's CFO Thomas McHugh acquired 2,000 shares at $14.50 each. John C Hadjipateras, President and CEO of Dorian LPG, purchased 5,000 shares at $42.58 each. These insider trades suggest confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 11:23 am

HYMTF

Hyundai Motor Company has sold its Chongqing factory in China for 1.62 billion yuan ($225 million), below the initially listed price of 3.68 billion yuan. The sale to Chongqing Liangjiang District Yufu Industrial Park Construction Investment Ltd. is part of Hyundai's strategy to reevaluate its operations in China's challenging auto market. Despite being the largest market, China accounted for only 5% of Hyundai and Kia's Q3 sales. The lower sale price was a strategic decision to speed up the process.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 11:17 am

MANU

Manchester United (NYSE:MANU) reported Q1 earnings with an EPS of $-0.067, missing estimates by 11.67%. Revenue increased by $29.72 million from the previous year. The company had previously missed EPS estimates in the last quarter, resulting in a 0.23% share price drop the following day. Historical earnings performance shows missed estimates in the past three quarters.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 11:15 am

MANU

Manchester United has revised its FY24 adjusted EBITDA forecast downwards from the range of £140M - £165M to £125M - £150M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:11 am

MANU

Manchester United has revised its FY24 revenue guidance downwards from the initial range of £650M - £680M to a new range of £635M - £665M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:10 am

STAF

Staffing 360 Solutions, Inc. (STAF) has received an additional 180-day period from Nasdaq to meet the minimum bid price requirement for continued listing. Initially notified on July 17, 2023, for not meeting the $1.00 per share requirement, STAF now has until July 15, 2024, to regain compliance. The extension is based on meeting all other listing requirements and the company's intention to cure the deficiency, potentially through a reverse stock split.

Portfolio Pulse from Charles Gross

January 17, 2024 | 11:09 am

SEDG

Barclays analyst Christine Cho downgraded SolarEdge Technologies (NASDAQ:SEDG) from Equal-Weight to Underweight and reduced the price target from $74 to $50, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:07 am

MANU

Manchester United (NYSE:MANU) reported Q1 adjusted EPS of $(0.07), which is unchanged from the same period last year. However, there seems to be an error in the reported sales figures, as it states sales were $195.04, a 100% decrease from $169.16M last year, which is contradictory.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:07 am

AMD

CAMT

COHR

MRVL

NVDA

NXPI

SOXX

WDC

Barclays analyst Tom O'Malley remains positive on semiconductor stocks levered to the '2nd Wave of AI' despite viewing the sector as expensive on 2024 estimates. He prefers names like AMD, Camtek, Coherent, Marvell Technology, NXP Semiconductor, and Western Digital, upgrading ratings and price targets. AMD is expected to lead in AI revenue, potentially overcoming Nvidia's software barrier. The iShares Semiconductor ETF (SOXX) also saw a recent uptick.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 11:07 am