Streetbeat News

Stock Prices

CIGI

Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) has announced its intention to make a normal course issuer bid (NCIB) to purchase up to 4 million subordinate voting shares, approximately 10% of the public float, between July 20, 2023, and July 19, 2024. The purchases will be made through the TSX, alternative Canadian Trading Systems, or The NASDAQ Stock Market. The price will be the market price at the time of acquisition. All shares purchased will be cancelled.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:34 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has outperformed the market over the past 20 years by 1.66% on an annualized basis, producing an average annual return of 9.56%. If an investor had bought $1000 of ADM stock 20 years ago, it would be worth $6,426.49 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:30 pm

FDL

FYBR

IYZ

T

TDS

VLUE

VZ

XTL

Shares of AT&T, Verizon, Telephone and Data Systems, and Frontier Communication dropped 7% to 15% following a Wall Street Journal investigation revealing neglect of a network of harmful lead-coated cables. Citigroup analyst Michael Rollins believes this issue will impact stocks and their valuation for a few months or longer. Citigroup has downgraded its ratings on AT&T, Telephone and Data Systems, and Frontier Communication to Neutral/High Risk and reduced their price targets.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 8:30 pm

ROST

Ross Stores's (NYSE:ROST) short percent of float has risen 18.09% since its last report, with 3.20 million shares sold short, which is 1.11% of all regular shares available for trading. This does not necessarily mean the stock will fall, but indicates more shares are being shorted. Compared to its peers, Ross Stores has less short interest as a percentage of float, with an average of 15.20%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:30 pm

ADBE

Adobe's (NYSE:ADBE) short percent of float has fallen 24.8% since its last report, with 4.26 million shares sold short, which is 0.94% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Adobe. Compared to its peers, Adobe has less short interest as a percentage of float, with an average of 3.41%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:30 pm

FTNT

Fortinet's (NYSE:FTNT) short percent of float has fallen 22.75% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.69 million shares sold short, which is 1.63% of all regular shares available for trading. Compared to its peers, Fortinet has less short interest as a percentage of float, with an average of 5.38%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:30 pm

PINS

Evercore ISI Group analyst Mark Mahaney has upgraded Pinterest (NYSE:PINS) from In-Line to Outperform and raised the price target from $30 to $41.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:28 pm

IRNT

IronNet has announced its intention to voluntarily delist its securities from the NYSE following a notice of non-compliance with the NYSE's continued listing standards. The company plans to file a Form 25 for the delisting around July 27, 2023, and expects the delisting to become effective around August 6, 2023. Post delisting, IronNet's common stock is expected to be traded on over-the-counter markets.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:25 pm

ARKK

SPY

Cathie Wood, CEO of ARK Investment Management, predicts that the U.S. will reach 2% inflation sooner than expected. This could impact the performance of ARK's ETFs, including ARKK, and the broader market, represented by SPY.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:24 pm

SHOP

Evercore ISI Group analyst Mark Mahaney has downgraded Shopify (NYSE:SHOP) from Outperform to In-Line and set a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:17 pm