Streetbeat News

Stock Prices

RENT

Telsey Advisory Group has downgraded Rent the Runway (NASDAQ:RENT) from Outperform to Market Perform and lowered the price target from $4 to $1.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 9:26 am

BYDDF

LI

NIO

TSLA

XPEV

China's vehicle sales in August increased by 8.4% YoY, compared to a decrease of 1.4% in the previous month. New energy vehicle sales in China also rose by 27% YoY in August, according to the China Association of Automobile Manufacturers.

Portfolio Pulse from Charles Gross

September 11, 2023 | 9:22 am

DOGEUSD

SHIBUSD

Meme cryptocurrency HarryPotterObamaSonic10Inu has seen a 28% increase in value over the past 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which have seen marginal declines. The rise comes after a controversial interview aired by former Fox News host Tucker Carlson. CoinMarketCap data shows a significant increase in the trading volume of HarryPotterObamaSonic10Inu, reaching $4.10 million within a 24-hour period.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 9:06 am

CRNX

Crinetics Pharmaceuticals' shares are trading higher after the company's once-daily oral paltusotine achieved the primary and secondary endpoints in the Phase 3 PATHFNDR-1 study in acromegaly.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 9:03 am

SJM

TWNK

Shares of Hostess Brands (TWNK) rose 4.5% in premarket trading following a report by The Wall Street Journal that J.M. Smucker (SJM) is close to a deal to acquire the Twinkies maker for approximately $5 billion.

Portfolio Pulse from Charles Gross

September 11, 2023 | 8:53 am

F

GM

STLA

A potential United Auto Workers (UAW) strike against General Motors Co. (GM), Ford Motor Co. (F) and Stellantis NV (STLA) could reduce the U.S. GDP by $5.6 billion, potentially pushing the Michigan economy into a recession, according to the Anderson Group. The strike could also impact car model availability and prices, affecting suppliers, workers, and commodity prices, particularly steel. UAW's demands could increase costs by $80 billion over four years.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 8:41 am

RENT

Raymond James analyst Rick Paterson has downgraded Rent the Runway (NASDAQ:RENT) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:34 am

STLA

Stellantis has signed a share buyback agreement for the third tranche of its program with an independent investment firm. The agreement covers a maximum of up to €500M and will start on September 11, ending no later than December 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:33 am

AAPL

Apple Inc. (NASDAQ:AAPL) faced a challenging week with its stock value plummeting by $190 billion in two days due to competition from Huawei and a limited ban in China. The stock had been on an upward trajectory since 2022, but faced a period of weakness due to expectations of further rate hikes by the Federal Reserve. The stock hit a low point in late August but was showing signs of recovery, bolstered by positive expectations surrounding the upcoming iPhone 15 launch event. However, a double blow struck the stock hard, resulting in a significant 6.4% pullback on Wednesday and Thursday.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 8:30 am

DOCU

GTLB

RH

SE

SPWH

Five top Wall Street analysts have made new stock picks. Zachary Fadem from Wells Fargo maintained an Overweight rating on RH (NYSE:RH) and boosted the price target from $300 to $375. William Power from Baird maintained a Neutral rating on DocuSign, Inc. (NASDAQ:DOCU) and cut the price target from $70 to $58. Eric Wold from B. Riley Securities maintained a Buy rating on Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) and cut the price target from $12 to $7. Scott Devitt from Wedbush reiterated an Outperform rating on Sea Limited (NYSE:SE) with a price target of $48. Rob Owens from Piper Sandler maintained an Overweight rating on GitLab Inc. (NASDAQ:GTLB) and increased the price target from $52 to $65.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 8:04 am