Streetbeat News

Stock Prices

AMKR

Amkor Technology has priced a secondary offering of 10 million shares by the Kim Family at $24/share, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:54 pm

FMC

Blue Orca Capital has shorted FMC Corporation due to the company's alleged concealment of legal defeats that have allowed competitors to sell generic versions of FMC's flagship insecticide at significantly lower prices. FMC, an agricultural chemical manufacturer, has claimed that it will not face generic competition until 2026 due to its process patents. However, Blue Orca's investigation found that generic versions of FMC's top-selling insecticide are already being sold in key markets like India and China. The report also highlights FMC's increasing balance of receivables, customer defaults, and bankruptcies, and the company's decision to factor receivables at increasingly punitive rates.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:51 pm

NRIX

SGEN

Nurix Therapeutics has entered into a deal with Seagen to develop a portfolio of degrader-antibody conjugates. This has led to an increase in Nurix's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:49 pm

CVGW

Calavo Growers reported its Q3 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:49 pm

PHR

Phreesia, a healthcare software company, has reported mixed Q2 FY24 earnings, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:47 pm

PATH

UiPath, Inc reported better-than-expected earnings and issued an upbeat Q3 outlook, leading to a rise in its share price. Several analysts have also raised their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:46 pm

HKIT

Shares of Hitek Global (HKIT) were halted on a circuit breaker to the downside, but the stock is now up by 25%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:44 pm

WHLR

Wheeler Real Estate Investment Trust has posted two forms that holders of the Company's Series D Cumulative Convertible Preferred Stock need to complete for redemption, which will start in October 2023. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:44 pm

RCLF

Shares of Rosecliff Acquisition Corp I (RCLF) were halted on a circuit breaker due to a significant upside movement. The stock is now up by 50.2%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:44 pm

SAIC

Science Applications International Corp (SAIC) reported a 3% Y/Y revenue decline in Q2 FY24 to $1.78 billion, beating the consensus of $1.69 billion. Adjusted for divestiture and deconsolidation impacts, revenues grew 8.3%. Adjusted EPS of $2.05 beat the consensus of $1.62. SAIC raised its FY24 revenue guidance to $7.20 billion - $7.25 billion and increased adjusted EPS guidance to $7.20-$7.40. Despite the positive report, SAIC shares are trading lower by 1.45%.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 1:43 pm