Streetbeat News

Stock Prices

SGD

Safe & Green Development Corp (NASDAQ:SGD) stock surged 84% to $5.59 after announcing it will not proceed with a previously contemplated common stock offering. The company requested the SEC to withdraw its Registration Statement and confirmed that no shares have been or will be sold under this statement. The decision was due to changed circumstances since the initial filing. The stock experienced multiple trading halts during Thursday's and Friday's sessions.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 4:27 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped by 6.6% to $3.90 following a downgrade by Citigroup from Buy to Neutral and a price target reduction from $12.5 to $5. The downgrade comes after last week's Q3 financial results, which included a 'going concern' warning due to a substantial deficit, cash flow issues, and predicted losses of $3.8 billion. The company's poor performance was attributed to challenges in the hydrogen network, leading to revenue shortfalls and a net loss of 47 cents per share.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 4:21 pm

BBLG

Bone Biologics Corp (NASDAQ:BBLG) stock plummeted by 38% after announcing a public offering and private placement at $0.64 per share, with additional unregistered warrants. The company aims to raise approximately $729,200 for clinical trials, patent expansion, and operational needs. The offering is expected to close around November 20, with warrants exercisable for five and a half years at $0.52 per share. H.C. Wainwright & Co. is managing the offering.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 4:20 pm

ZIM

JP Morgan analyst Samuel Bland has downgraded ZIM Integrated Shipping (NYSE:ZIM) from Overweight to Neutral and reduced the price target from $14 to $6.2.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:20 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) has had a significant year with developments in its grocery business, AI technology in logistics, and AWS's custom silicon chips. In 2024, U.S. consumers will be able to purchase Hyundai cars online via Amazon. The company is enforcing a three-day office work policy, with non-compliance affecting promotions. Employee protests have occurred against this policy. CEO Andy Jassy believes in-office work will strengthen company culture. Amazon competes with Microsoft in cloud computing and uses AI to fight fake reviews. AMZN stock is up 66.4% YTD and rose 0.9% to $144.20 on Friday.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 4:19 pm

DSWL

Deswell Industries, Inc. (NASDAQ:DSWL) reported H1 2024 financial results with EPS of $0.22, up from a loss of $0.04 YoY. Net sales were down 15.1% to $37.7M from $44.4M YoY. Gross margins improved in both plastic and electronic segments due to lower raw material and labor costs, and renminbi depreciation. Net income was $3.6M compared to a net loss of $0.6M in H1 2023. The company has a strong financial position with $17.4M in cash and no debt.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:17 pm

TGT

Big-money investors have shown a bearish stance on Target (NYSE:TGT), with options trades indicating a sentiment split of 27% bullish and 72% bearish. Benzinga's options scanner revealed 11 unusual options trades, with a price range target from $90 to $130 over the last 3 months. The largest trades included a bullish call with a strike price of $105 expiring on 11/24/23 and a bearish call with a strike price of $100 expiring on 01/19/24. Target is the sixth-largest U.S. retailer, operating over 1,900 stores with over $100 billion in sales. The stock price is currently up 0.34% at $130.38, with potential overbought signals from RSI indicators. Analysts have mixed ratings on TGT, with an average target price of $149 and varying recommendations from Buy to Market Perform.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:15 pm

USPH

JP Morgan analyst Calvin Sternick has maintained an Overweight rating on US Physical Therapy (NYSE:USPH) but reduced the price target from $108 to $99.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:12 pm

VSEC

Benchmark analyst Josh Sullivan has reaffirmed a Buy rating on VSE Corporation (NASDAQ:VSEC) and increased the price target from $70 to $85.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:08 pm

MA

Mastercard Incorporated's (NYSE:MA) blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, expressed skepticism about the current need for widespread use of central bank digital currencies (CBDCs), citing adoption challenges and the comfort of consumers with existing forms of money. While the IMF sees CBDCs as a safe and low-cost alternative to cash, and many countries are exploring or adopting them, Venkateswaran suggests they may be more justified in countries with less robust domestic payment networks. Mastercard's stock (MA) was trading down by 0.53% at the time of the report.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 4:07 pm