Streetbeat News

Stock Prices

BLNK

Blink Charging's stock is trading lower, possibly in sympathy with ChargePoint, which reported worse-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:39 pm

BUR

Trading of Burford Capital shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:37 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced that it has entered into exchange agreements with certain holders of its 1.00% Convertible Senior Notes for newly issued shares of stock. The exchange involves approximately $417 million aggregate principal amount of the notes for an aggregate of approximately 26.2 million newly issued shares of Marathon common stock. After the exchanges, approximately $331 million aggregate principal amount of the convertible senior notes will remain outstanding. The company's shares are trading lower.

Portfolio Pulse from Erica Kollmann

September 08, 2023 | 3:36 pm

AAPL

NVDA

QQQ

SFTBF

SFTBY

SPY

Nvidia Corp's stock remained unstable after a two-day slide due to rising Treasury yields and China's retaliatory move against Apple Inc's iPhone. Broader indexes represented by SPDR S&P 500 and Invesco QQQ Trust lost close to 2% this week. Nvidia's former acquisition target Arm Ltd shared ambitious forecasts driven by the demand for chips in data centers and AI. Nvidia also collaborated with Mukesh Ambani's Reliance Industries, marking Reliance Jio Infocomm and Reliance Industries' telecom's foray into AI.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 3:36 pm

PBF

Wells Fargo has maintained an Overweight rating on PBF Energy and raised its price target from $56 to $64. This has led to PBF Energy shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:33 pm

SQ

Block, Inc (NYSE:SQ) experienced a day-long service disruption, leaving small businesses unable to process payments. The outage began around 12 p.m. PT on Thursday, peaking at 2:15 p.m. with 49% of users facing issues with the Cash App, 34% with purchases, and 17% with the website. The company's shares traded lower by 5.35% at $53.04 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 3:33 pm

PODC

Shares of PodcastOne (CourtSide Group) were halted on a circuit breaker due to significant price movement. The trading was resumed but then again halted due to downside movement.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:30 pm

ACI

Albertsons Companies Inc. (ACI) has announced a divestiture agreement with C&S Wholesale Grocers for 413 stores and other assets. This has led to a rise in Albertsons' share prices.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:29 pm

GILD

Shares of Gilead Sciences, Inc. (NASDAQ:GILD) are trading higher after Bank of America Securities upgraded the stock, citing underappreciated growth potential in its core HIV business and emerging hematology/oncology franchises. Analyst Geoff Meacham upgraded Gilead Sciences to a Buy rating from a Neutral rating, and raised the price target to $95 from $88. The company's HIV franchise is expected to see growth in the low to mid-single digits in the near future, and its 'next-generation' asset, Lenacapavir, shows considerable promise.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 3:28 pm

CARR

UBS has raised its price target on Carrier Global's stock from $47 to $60, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:23 pm