Streetbeat News

Stock Prices

CSX

Bank of America Securities has downgraded CSX stock from Buy to Neutral, leading to a decrease in CSX shares.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:32 pm

LSXMA

TDS

USM

Several communication services stocks experienced significant movement during Friday's intraday session. United States Cellular (USM), Telephone and Data (TDS), Takung Art (TKAT), Gray Television (GTN), and Moxian (MOXC) saw their shares rise, with USM and TDS experiencing the largest gains. On the other hand, Liberty SiriusXM Gr (LSXMA, LSXMK, LSXMB), Integral Ad Science (IAS), CarGurus (CARG), and PLAYSTUDIOS (MYPS) saw their shares fall. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

BDRX

MESO

During Friday's intraday session, several healthcare stocks experienced significant movements. Biodexa Pharmaceuticals, Alector, OraSure Technologies, Amneal Pharmaceuticals, Natera, and Advanced Health saw their stocks rise, with Biodexa Pharmaceuticals leading the gainers with a 44.1% increase. On the other hand, Mesoblast, Assertio Holdings, INVO Bioscience, T2 Biosystems, ResMed, and Biomerica saw their stocks fall, with Mesoblast leading the losers with a 62.2% decrease.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

AMSC

EAF

FATH

FLR

IEP

Several industrial stocks experienced significant movement during Friday's intraday session. American Superconductor, Fathom Digital Mfg, Fluor, IES Hldgs, Willdan Group, and Kratos Defense & Security saw their stocks rise, while GrafTech International, Icahn Enterprises, MasTec, Astronics, Sun Country Airlines, and Resideo Technologies saw their stocks fall. The movements were largely driven by recent Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

AAOI

FTNT

During Friday's intraday session, several IT stocks experienced significant movements. Gainers included Applied Optoelectronics (AAOI), Tempo Automation Holdings (TMPO), BigCommerce Holdings (BIGC), Atlassian (TEAM), Identiv (INVE), and Grid Dynamics Holdings (GDYN). Losers included Fortinet (FTNT), DigitalOcean Holdings (DOCN), Rubicon Technologies (RBT), Sonim Technologies (SONM), nLight (LASR), and Sprout Social (SPT). Most companies had recently released their Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

AAPL

The article discusses the impact of the iPhone on Apple Inc's (NASDAQ:AAPL) stock performance since its unveiling in 2007. It states that a $1,000 investment in Apple stock after the iPhone announcement would be worth $54,911.62 today, representing a return of 5,391.2% over the past 16 years.

Portfolio Pulse from Chris Katje

August 04, 2023 | 5:27 pm

FLGT

Fulgent Genetics Inc (NASDAQ:FLGT) reported Q2 sales of $68 million, beating the consensus estimate of $62.68 million. The company also reported a Q2 adjusted EPS loss of $(0.08), beating the consensus of $(0.33). Fulgent has raised its FY23 revenue guidance to $260 million, up from the prior guidance of $250 million. FLGT shares are up 1.45% at $40.66 on the last check Friday.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 5:20 pm

DCTH

Delcath Systems' website shows that the FDA has approved its HEPZATO Kit, causing a spike in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:18 pm

GDDY

GoDaddy Inc's shares are trading lower by around 6% after it reported worse-than-expected Q2 FY23 financial results and issued Q3 revenue guidance below estimates. Revenue grew 3.2% Y/Y to $1.048 billion, missing the consensus of $1.06 billion. The company repurchased shares worth $746 million year-to-date through July 2023. For Q3 2023, GDDY expects revenues of $1.055 billion-$1.075 billion and a normalized EBITDA margin of about 26%.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 5:18 pm

FYBR

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a Q2 FY23 revenue decline of 0.7% year-on-year to $1.45 billion, beating the consensus of $1.44 billion. The company saw declines in copper-based products but growth in fiber-based products. The company reiterated its FY23 adjusted EBITDA of $2.11 billion - $2.16 billion and targeted fiber builds to 1.3 million new locations. FYBR shares are trading higher by 4.41% at $18.59.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 5:16 pm