Streetbeat News

Stock Prices

SPOT

Spotify Technology S.A. (NYSE:SPOT) CEO Daniel Ek announced a 17% reduction in workforce due to economic slowdown and the need for efficiency. Despite beating Q3 FY23 revenue and EPS estimates, Spotify aims to lower its cost structure. Affected employees will receive severance packages, and the stock has risen 121% YTD. SPOT shares are up 1.43% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 11:57 am

KRRO

HC Wainwright & Co. analyst Mitchell Kapoor has initiated coverage on Korro Bio (NASDAQ:KRRO) with a Buy rating and set a price target of $100 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:50 am

GLBE

Needham analyst Scott Berg has reiterated a Buy rating on Global E Online (NASDAQ: GLBE) and maintained a $48 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:49 am

EP

HHH

PLSE

WEST

Insider purchases at Empire Petroleum, Pulse Biosciences, Howard Hughes Holdings, and Westrock Coffee indicate confidence in these companies. Empire Petroleum saw a significant buy from Energy Evolution Master Fund Ltd, while Pulse Biosciences, Howard Hughes Holdings, and Westrock Coffee had purchases by directors. These transactions suggest potential growth or undervaluation, but should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 11:42 am

BTBT

HC Wainwright & Co. analyst Kevin Dede has reaffirmed a Buy rating on Bit Digital (NASDAQ:BTBT) and increased the price target from $4 to $5. This adjustment suggests a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:39 am

THRX

Theseus Pharmaceuticals has terminated the employment of its CEO, Timothy P. Clackson, effective December 7. The company's CFO, Bradford D. Dahms, has been named as the new President.

Portfolio Pulse from Charles Gross

December 04, 2023 | 11:35 am

MSFT

NVEI

NYAX

Nuvei Corp has partnered with Microsoft to enhance payment experiences for Microsoft's products and services in the Middle East and Africa. The collaboration will leverage Nuvei's payment technology to improve authorization rates and risk management, and offer local payment methods through a single integration. Nuvei also recently launched a card-issuing solution in 30 markets and partnered with Nayax Ltd for payment solutions. Nuvei's stock (NVEI) closed up 3.21% at $21.19.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 11:34 am

QS

HSBC analyst Wesley Brooks has initiated coverage on QuantumScape (NYSE:QS) with a Reduce rating and set a price target of $4.7 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:34 am

AMZN

An NLRB judge ruled that Amazon (NASDAQ:AMZN) violated federal labor laws at its JFK8 warehouse in New York by interfering with union activities. The ruling follows the historic unionization of JFK8 in April 2022. Amazon must post worker rights notices and compensate a dismissed pro-union employee. The company faces ongoing scrutiny with 240 labor charges in 26 states and continues to challenge the JFK8 unionization. Amazon's stock traded lower by 0.56% in premarket.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 11:25 am

LULU

Wells Fargo analyst Ike Boruchow downgraded Lululemon Athletica (NASDAQ:LULU) from Overweight to Equal-Weight and set a price target of $445.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:21 am