Streetbeat News

Stock Prices

AGL

MRCY

PCB

SEZL

Insiders at Mercury Systems, agilon health, PCB Bancorp, and Sezzle have made significant stock purchases. Jana Partners Management LP, a 10% owner of Mercury Systems, bought shares worth over $8M. Jeffrey Schwaneke, a director at agilon health, acquired shares for approximately $250K. PCB Bancorp director Sang Young Lee purchased shares valued around $62K, and Sezzle director Martin Paul Purcell bought shares for about $253K. These purchases may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 9:45 am

SPOT

Citigroup analyst Jason Bazinet downgraded Spotify Technology (NYSE:SPOT) from Buy to Neutral and set a price target of $190.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:43 am

IMGN

Guggenheim analyst Michael Schmidt has downgraded Immunogen (NASDAQ:IMGN) from Buy to Neutral while increasing the price target from $25 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:38 am

NIO

NIO Inc. reported a 12.6% year-over-year increase in vehicle deliveries for November 2023, with 15,959 vehicles delivered. The company's cumulative deliveries have now reached 431,582 units.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:35 am

BABA

Morgan Stanley analyst Gary Yu downgraded Alibaba Group Holding (BABA) from Overweight to Equal-Weight and reduced the price target from $110 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:33 am

IMGN

BMO Capital analyst Etzer Darout has downgraded Immunogen (NASDAQ:IMGN) from Outperform to Market Perform and set a price target of $31. This change reflects a revised outlook on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:26 am

CC

RBC Capital analyst Arun Viswanathan upgraded Chemours (NYSE:CC) from Sector Perform to Outperform and increased the price target from $28 to $40, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:24 am

TSLA

Wedbush analyst Dan Ives predicts that the launch of Tesla Inc's Cybertruck could drive the company's market valuation towards $1 trillion. Ives maintains a 12-month price target of $310 for Tesla, which would bring its market cap to approximately $996 billion. The Cybertruck launch is seen as pivotal for Tesla's growth and innovation leadership. Tesla plans to deliver 10 Cybertrucks at a Texas event, with the vehicle's cost still undisclosed. Tesla's stock has surged 98% this year, recovering from a poor 2022 performance.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 9:24 am

XPEV

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a record delivery of 20,041 Smart EVs in November 2023, marking a 245% increase from the previous year. The XPENG G6 was the top-selling electric SUV in its price range, with 8,750 units delivered. This achievement represents the company's 10th consecutive month of delivery growth, with a year-to-date total of 121,486 units, surpassing the total deliveries for 2022.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:09 am

DIS

PSHZF

Bill Ackman defended Elon Musk's commitment to free speech amid criticism over anti-Semitic comments and advertisers pulling out from Musk's social media platform, X. Ackman's firm, The Pershing Square Foundation, remains invested in X and supports companies advertising there. Ackman criticized Disney (DIS) for suspending ads on X and suggested Nelson Peltz could influence Disney's decision once on the board. Despite a potential $75 million loss in ad revenue for X, Ackman praised Musk's ownership of X but proposed a trust as a better long-term owner. Pershing Square Holdings (PSHZF) shares fell 1.55%.

Portfolio Pulse from Shanthi Rexaline

December 01, 2023 | 9:09 am