Streetbeat News

Stock Prices

SJM

J.M. Smucker announced its plans to acquire Hostess Brands, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:19 pm

KVUE

Shares of Kenvue are trading higher after Deutsche Bank upgraded their rating of the stock to Buy.

Portfolio Pulse from Luke J Jacobi

September 11, 2023 | 12:18 pm

LSCC

MRCY

NVTS

VINE

Insiders at four companies, Navitas Semiconductor Corporation (NVTS), Lattice Semiconductor Corporation (LSCC), Mercury Systems, Inc. (MRCY), and Fresh Vine Wine, Inc. (VINE), have recently sold shares. NVTS and LSCC reported better-than-expected Q2 results, while MRCY reported worse-than-expected Q4 results and issued lower FY24 guidance. VINE is exploring strategic opportunities to maximize shareholder value.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 12:15 pm

JP Morgan analysts have upgraded their rating of Nu Holdings stock to Overweight and announced a $9 price target, leading to a rise in the company's shares.

Portfolio Pulse from Luke J Jacobi

September 11, 2023 | 12:10 pm

AXLA

HKIT

IMPL

LIDR

MGTA

MIRA

NUWE

PODC

TNON

WLGS

Shares of Tenon Medical, Inc. (TNON), Axcella Health Inc. (AXLA), Courtside Group, Inc. (PODC), Impel Pharmaceuticals Inc. (IMPL), MIRA Pharmaceuticals, Inc. (MIRA), Nuwellis, Inc. (NUWE), Hitek Global Inc. (HKIT), WANG & LEE GROUP, Inc. (WLGS), AEye, Inc. (LIDR), and Magenta Therapeutics, Inc. (MGTA) are trading lower in pre-market. The drop in TNON's shares is due to a proposed public offering of common stock.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 12:10 pm

CMP

FMC

SBSW

SCL

SUM

The article lists the top 5 oversold stocks in the materials sector, which could present an opportunity for investors. The companies mentioned are Summit Materials, Inc. (SUM), Stepan Company (SCL), Sibanye Stillwater Limited (SBSW), Compass Minerals International, Inc. (CMP), and FMC Corporation (FMC). The oversold status is determined by the Relative Strength Index (RSI), which is below 30 for all these companies.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 12:10 pm

ITCI

Intra-Cellular Therapies has announced that it will be presenting results from Study 403 in Mixed Features at the Psych Congress 2023. The study's results could potentially impact the company's future developments and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:08 pm

XPEV

Shares of Xpeng are trading higher due to strong electric vehicle sales in China for the month of August.

Portfolio Pulse from Luke J Jacobi

September 11, 2023 | 12:08 pm

AAPL

NVDA

QCOM

SSNLF

Qualcomm Inc has secured a deal with Apple Inc to supply Snapdragon 5G Modem‑RF Systems for Apple's smartphone launches in 2024, 2025, and 2026. The agreement aims for a 20% share of chipset supply for the 2026 smartphone launch. Qualcomm's stock rose by 7.96% following the news. Meanwhile, Nvidia Corp is struggling with the supply of AI chips and has sought support from Samsung Electronics Co.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 12:06 pm

VEON

VEON Ltd has completed the first phase of its 4G network upgrade in Uzbekistan through its digital operator, Beeline Uzbekistan. The upgrade is expected to enhance 4G coverage to 85% by the end of 2023, up from 78% at the end of 2022. The second phase of the upgrade is set to be completed in October, further boosting 4G coverage in major urban areas. VEON shares closed higher by 1.39% at $16.78 on Friday.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 12:02 pm