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Stock Prices

LNW

Susquehanna analyst Joseph Stauff has maintained a Positive rating on Light & Wonder (NASDAQ: LNW) and increased the price target from $86 to $100.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:48 pm

FSR

Fisker Inc (NYSE:FSR) shares dropped after reporting Q3 results, citing delivery issues due to logistical bottlenecks. Needham analyst Chris Pierce maintained a Hold rating, lowering '24 estimates due to production slowdowns to adjust inventory levels. Raymond James analyst Pavel Molchanov kept a Market Perform rating, noting intensifying competition and operational risks in scaling production. Concerns about the long-term margin profile were raised, especially since the Ocean model is ineligible for the U.S. federal tax credit. FSR shares fell 22.02% to $3.21.

Portfolio Pulse from Priya Nigam

November 14, 2023 | 6:46 pm

SABS

HC Wainwright & Co. analyst Edward White has maintained a Buy rating on SAB Biotherapeutics (NASDAQ:SABS) but has reduced the price target from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:46 pm

CYCC

Cyclacel Pharmaceuticals' stock is trading lower due to the company reporting Q3 earnings per share (EPS) results that were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:44 pm

PYPL

Mizuho analyst Dan Dolev has maintained a Buy rating on PayPal Holdings (NASDAQ:PYPL) but has reduced the price target from $92 to $72.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:42 pm

CVNA

Carvana Co (NYSE:CVNA) shares surged 17.5% to $33.64 without specific company news, likely reacting to a strong market influenced by positive CPI data indicating a decrease in US inflation from 3.7% to 3.2%. Lower inflation could lead to decreased interest rates, potentially reducing financing costs for Carvana and its customers, which may boost sales and revenue. The stock's movement reflects traders' anticipation of a favorable economic environment and potential rate cuts, which could benefit Carvana's business.

Portfolio Pulse from Henry Khederian

November 14, 2023 | 6:42 pm

IPDN

Professional Diversity (NASDAQ:IPDN) reported a narrower Q3 loss of $(0.12) per share compared to $(0.14) per share in the same quarter last year. However, sales decreased by 5.06% to $2.01 million from $2.12 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:42 pm

THRX

Shares of Theseus Pharmaceuticals are on the rise following the company's announcement to explore strategic alternatives, which could include a sale, merger, divestiture, or other options to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:38 pm

SAFRY

Safran (OTC:SAFRY) has secured contracts worth over $1.2 billion from Emirates, including a $1 billion deal for Safran Seats for Emirates' new A350, 777X-9, and existing 777-300 aircraft. The contracts also involve Safran Cabin providing Galley shipsets and Safran Landing Systems supplying wheels and carbon brakes for the A350 fleet. Additionally, a 10-year service agreement with Safran Aerosystems for 777 safety and cabin systems components repair and maintenance is included. Safran's stock price increased by 2.77% to $42.63.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 6:38 pm

QQQ

SPY

Michael Burry, known for his successful short positions, has closed a large short position on S&P 500 and Nasdaq derivatives, as revealed by a 13F filing. The derivatives are tracked by ETFs such as SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). This move could indicate a bullish outlook for the US stock market, as it comes after the S&P 500 has recovered 9% from a recent correction. Global fund managers have also shifted to an overweight rating on US equities, suggesting a potential Santa rally into 2024.

Portfolio Pulse from Neil Dennis

November 14, 2023 | 6:37 pm