Streetbeat News

Stock Prices

MTD

Wells Fargo has maintained an Overweight rating on Mettler-Toledo International's stock but has lowered its price target from $1,660 to $1,520. This has led to a decrease in the trading price of Mettler-Toledo shares.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:58 pm

BAX

Baxter International Inc (BAX) has issued an urgent correction for its Spectrum V8 and Spectrum IQ infusion pumps due to a software error causing false alarms. The correction involves reverting the software to an earlier version. The false alarms could interrupt or delay medical therapy, posing serious health risks. Baxter has received three reports of severe injury potentially linked to this issue. Meanwhile, Barclays and Keybanc analysts have lowered their price targets for BAX.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 4:57 pm

SE

UBS has upgraded Sea Limited's stock from Neutral to Buy and raised its price target from $66 to $86. This has resulted in Sea Limited shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:57 pm

AMZN

EBAY

MSFT

WMT

eBay Inc's shares dropped 10.5% after Q2 results, despite beating earnings expectations. The company's revenue grew 5% YoY to $2.54 billion, but gross merchandise value (GMV) contracted 2% to $18.2 billion. eBay lost 1 million active buyers QoQ, totaling 132 million. The company has integrated Microsoft's Azure's open AI API into its core listing flow to simplify listings for sellers. However, eBay is facing stiff competition from Amazon and Walmart.

Portfolio Pulse from Upwallstreet

July 31, 2023 | 4:55 pm

SPRO

Spero Therapeutics has announced a Special Protocol Assessment with the FDA for the Phase 3 PIVOT-PO trial of tebipenem Hbr, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:51 pm

TTOO

T2 Biosystems has received an extension to comply with the Nasdaq listing requirements, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:51 pm

AMD

NVDA

SOXL

SOXS

Ahead of Advanced Micro Devices' (AMD) quarterly earnings release, the Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which offers 3X leverage, was trading slightly higher. The semiconductor sector has been bullish, with NVIDIA Corporation (NVDA) reaching new all-time highs. SOXL, a triple-leveraged fund, includes stocks from the semiconductor sector, with AMD and NVDA making up 7.23% and 8.4% of the fund respectively. The ETF is attempting to break through resistance just under the $29 mark.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 4:47 pm

ABNB

A significant investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 56% of investors opening trades with bearish expectations. The targeted price range for Airbnb over the last 3 months is $110.0 to $170.0. The current price of ABNB is $152.99, down by 0.22%. Analysts from Keybanc, Morgan Stanley, B of A Securities, Jefferies, and Barclays have maintained their ratings on Airbnb with varying price targets.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:46 pm

SQ

A significant bullish stance has been taken on Block (NYSE:SQ) as evidenced by unusual options activity. The options scanner at Benzinga spotted 28 uncommon trades for Block, split evenly between bullish and bearish sentiment. The total amount for puts is $1,153,991 and for calls is $1,260,440. Whales have been targeting a price range from $60.0 to $130.0 for Block over the last 3 months. The price of SQ is up 2.94% at $80.66. Several financial institutions have maintained or upgraded their ratings on Block.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:46 pm

ABR

Arbor Realty Trust's stock has been downgraded from Overweight to Underweight by Piper Sandler, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:35 pm