Streetbeat News

Stock Prices

SUM

Summit Materials has announced a combination with Argos USA, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:11 pm

WRK

WestRock is in discussions about a potential combination with Smurfit Kappa Group. This has led to an increase in WestRock's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:11 pm

BlackBerry Ltd (NYSE:BB) shares are trading lower after the company reported preliminary second-quarter results. The company expects Q2 revenue to be approximately $132 million, lower than previously forecasted due to select government deals failing to close during the quarter. BlackBerry revised its current year IoT revenue outlook due to a shift in the start date for some automakers' software development programs. RBC Capital analyst Paul Treiber reiterated BlackBerry with a Sector Perform rating and price target of $4.50.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 1:09 pm

MEI

Methode Electronics, Inc. (NYSE:MEI) reported a 2.6% YoY net sales growth in Q1 FY24, beating consensus. However, adjusted EPS of $0.06 missed the consensus of $0.23. The company faced operational inefficiencies in its North American Auto operations due to labor and vendor issues. The company's outlook for Q2 and FY24 is below estimates. MEI shares fell by 10% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 1:06 pm

AREB

ATIF

CHPT

GDC

GHM

GLG

GTEC

ROL

TTC

During Thursday's pre-market session, several industrial stocks experienced significant movement. American Rebel Holdings, ATIF Holdings, Quhuo, TD Hldgs, and Graham saw gains, while ChargePoint Hldgs, LegalZoom.com, Toro, Greenland Technologies, GD Culture Group, and Rollins experienced losses. ChargePoint and Toro's recent Q2 and Q3 earnings releases respectively may have influenced their stock performance.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 1:06 pm

DBI

GIII

SPWH

VFS

In Thursday's pre-market session, several consumer discretionary stocks saw significant movement. Gainers included G-III Apparel Group, Designer Brands, Lakeland Industries, Lixiang Education Hldg, Harbor Custom Dev, and Yunhong CTI. Losers included Sportsman's Warehouse, VinFast Auto, SRM Entertainment, Torrid Holdings, EpicQuest Education Group, and Faraday Future. Most of the changes were associated with Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 1:06 pm

AGLE

ASXC

CBAY

CPHI

CRVO

HSCS

IVP

MIRA

NBSE

PALI

SXTC

TRVN

During Thursday's pre-market session, several healthcare stocks experienced significant movement. Asensus Surgical, China SXT Pharmaceuticals, CymaBay Therapeutics, CervoMed, Mira Pharmaceuticals, and China Pharma Holding saw increases in their share prices. Conversely, Palisade Bio, NeuBase Therapeutics, Aeglea BioTherapeutics, Inspire Veterinary, Heart Test Laboratories, and Trevena experienced declines.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 1:06 pm

AMKR

ASNS

DATS

HKIT

MEI

MRIN

PRO

SASI

VHC

VRNT

YEXT

In Thursday's pre-market session, several IT stocks showed significant movement. Sigma Additive Solutions, Hitek Global, DatChat, Actelis Networks, Pros Holdings, and VirnetX Holding saw their shares rise, while Yext, Verint Systems, Amkor Tech, C3.ai, Marin Software, and Methode Electronics experienced a decline. The changes in stock prices were influenced by recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 1:06 pm

CVKD

ORGN

RWLK

VNRX

Insiders have recently bought shares in four penny stocks: VolitionRx Limited (VNRX), Cadrenal Therapeutics, Inc. (CVKD), Origin Materials, Inc. (ORGN), and ReWalk Robotics Ltd. (RWLK). These purchases indicate the insiders' confidence in the companies' prospects. VolitionRx posted a narrower-than-expected quarterly loss, Cadrenal Therapeutics highlighted the need for a new vitamin k antagonist, Origin Materials appointed Pam Haley as interim CFO, and ReWalk Robotics posted downbeat Q2 results.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 1:05 pm

LNT

Analysts have given mixed ratings to Alliant Energy (NASDAQ:LNT) over the past quarter, with 1 bullish, 2 somewhat bullish, and 3 indifferent ratings. The average price target is $53.75, indicating potential upside from the current price of $49.6. However, this average has decreased by 2.71% from the previous target of $55.25.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 1:00 pm