Streetbeat News

Stock Prices

CERS

Cerus shares declined after Stifel reduced its price target from $6 to $3.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 4:50 pm

TGT

Target's short interest has increased by 8.04%, with 15.44 million shares sold short, representing 3.36% of its float. This is below the peer group average of 3.70%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 4:45 pm

CERS

GEVO

IRDM

LCID

NIXX

PAL

U.S. stocks rose with the Nasdaq Composite gaining 0.5% as retail sales exceeded expectations. Gevo, Inc. surged 18% after securing a $1.46 billion DOE loan, while Nixxy, Inc. soared 116% on business updates. Iridium Communications rose 16% on strong earnings. Proficient Auto Logistics fell 23% due to expected lower net income, and Cerus Corporation dropped 20% after program updates. Lucid Group declined 15% following an investment announcement.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 4:45 pm

SG

Sweetgreen's short interest has increased by 5.98%, with 24.28% of its float sold short, significantly higher than its peers' average of 10.17%. This indicates bearish sentiment, but high short interest can sometimes lead to bullish outcomes.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 4:45 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has seen a 6.1% increase in its short percent of float, now at 13.39%, indicating a bearish sentiment compared to its peers with an average of 4.10%. This could signal potential volatility in the stock's price.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 4:45 pm

ASPI

ASP Isotopes Inc (NASDAQ:ASPI) shares surged after announcing the accelerated commissioning of its first quantum enrichment plant, successfully enriching Ytterbium-176. The company plans to offer enriched Ytterbium-176 for commercial sale by 2025 and is exploring further isotope production facilities.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 4:39 pm

BP

BP is considering selling a minority stake in its offshore wind business to reduce its investment burden and focus on high-margin oil and gas operations. The company has faced shareholder pressure over its energy transition strategy, and CEO Murray Auchincloss is revamping plans to prioritize profitability. BP has paused new offshore wind investments and plans to sell its U.S. onshore wind business.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 4:38 pm

NVO

Investors are showing a bullish stance on Novo Nordisk (NYSE:NVO) with significant options activity. Benzinga's options scanner detected 15 unusual trades, with 53% being bullish. Analysts have set an average price target of $158.67, and the stock is currently trading at $118.59.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 4:37 pm

LOW

High-rolling investors are showing a bearish sentiment on Lowe's Companies (NYSE:LOW) through options activity, with 76% of trades being bearish. The stock is currently down by 0.8% at $281.79, and analysts have mixed ratings with price targets ranging from $265 to $306.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 4:37 pm

CAPR

Capricor Therapeutics (CAPR) shares fell by 6.05% to $19.27 after announcing a public offering of 4.41 million shares at $17.00 each, expected to raise $75 million. The offering is managed by Piper Sandler & Co. and Oppenheimer & Co. Inc., with funds intended for product development and other corporate purposes.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 4:31 pm