Streetbeat News

Stock Prices

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares are trading lower by 15.3% to $12.75, following last week's strength. The company's shares gained last week after it released an in-depth response to a lawsuit filed by the County of Maui surrounding the fires on August 8. The company's shares have seen marked volatility after Maui County filed a lawsuit against the company alleging a role in the Lahaina Wildfires. The company also suspended its dividend.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 6:56 pm

PAYX

RBC Capital Markets analyst Ashish Sabadra initiated coverage on Paychex Inc (NASDAQ:PAYX) with a Sector Perform rating and a price target of $130. Sabadra is bullish on the company's strong fundamentals but sees potential headwinds such as pays-per-control slowdown, insurance agency weakness, moderating client retention, and competition from SaaS vendors.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 6:54 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) has completed a technology integration and strategic relationship with TikTok, which will support Verb's livestream social shopping platform, MARKET.live. This integration will allow MARKET.live sellers to stream on TikTok and customers to check-out directly through the TikTok app. Following this news, Verb Technology's stock surged over 170% on high volume.

Portfolio Pulse from Ryan Gustafson

September 05, 2023 | 6:52 pm

CRON

Shares of Cronos Group Inc (NASDAQ:CRON) have risen by 21% to $2.06 over the past five days, driven by the strong performance of the cannabis sector. This surge is attributed to the news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category. The reclassification from Schedule I to Schedule III under the Controlled Substances Act could significantly impact the cannabis industry.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 6:45 pm

BUD

Anheuser-Busch InBev's (NYSE:BUD) short percent of float has fallen 3.57% since its last report, with 4.51 million shares sold short, which is 0.27% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. The company's short interest is less than its peer group average of 5.98%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:45 pm

WM

Waste Management's (NYSE:WM) short percent of float has fallen 5.15% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.74 million shares sold short, which is 0.92% of all regular shares available for trading. Compared to its peers, Waste Management has less short interest, with the peer group average at 2.72%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:45 pm

TROW

T. Rowe Price Gr's (NYSE:TROW) short percent of float has decreased by 8.58% since its last report, with 16.99 million shares sold short, which is 8.84% of all regular shares available for trading. It would take traders 12.24 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 2.79%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:45 pm

NAPA

BMO Capital analyst Andrew Strelzik initiated coverage on The Duckhorn Portfolio, Inc. (NYSE:NAPA) with a Market Perform rating and a $14 price target. Despite the company's potential for long-term growth, Strelzik expects medium-term limitations due to consumer spending concerns and potential margin headwinds. The analyst expects NAPA's valuation to remain limited by macro uncertainty, but sees potential for multiple expansion over time. For FY23 and FY24, the analyst expects revenues of $402 million and $432 million, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 6:42 pm

UAL

United Airlines Holdings Inc (UAL) has asked the Federal Aviation Administration (FAA) to ground all its flights due to an equipment outage. The company's shares fell more than 3% during Tuesday's trading session following the announcement. Over 260 flights have been delayed as a result of the systemwide technology issue.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 6:37 pm

TFC

Truist Finl Inc. (NYSE:TFC) has seen a 1.17% drop in the current session, trading at $30.54. Over the past month, the stock has decreased by 5.77%, and in the past year, by 35.16%. The company's P/E ratio is 7.14, lower than the Banks industry average of 8.56, which could indicate that the stock is undervalued or that shareholders do not expect it to perform well in the future.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:30 pm