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Stock Prices

DEN

Stifel analyst Nate Pendleton has downgraded Denbury (NYSE:DEN) from Buy to Hold and lowered the price target from $140 to $86.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:16 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported a Q2 FY23 sales decline of 3.8% YoY to $1.02 billion, missing the analyst consensus of $1.07 billion. The decrease was due to lower supply chain revenues and order volumes. However, global retail sales increased 5.8% excluding foreign currency impact. The company also reported global net store growth of 197 stores and an EPS of $3.08, beating the analyst consensus of $3.05. The company's Board declared a $1.21 per share quarterly dividend. DPZ shares are trading lower by 4.52% at $368.00 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 11:14 am

EFX

B of A Securities analyst David Ridley-Lane has downgraded Equifax (NYSE:EFX) from Neutral to Underperform and set a price target of $195.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:12 am

BMY

IMTX

Bristol Myers Squibb has invested $35 million in Immatics, purchasing approximately 2.4 million shares at $14.461 per share.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:09 am

LRCX

Stifel analyst Brian Chin has upgraded Lam Research (NASDAQ:LRCX) from Hold to Buy and raised the price target from $505 to $725.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:09 am

QNCX

Quince Therapeutics, Inc. (NASDAQ:QNCX) has announced plans to acquire EryDel SpA, a late-stage biotech company. The deal involves a stock-for-stock upfront exchange and potential downstream milestone cash payments totaling up to $485 million. Upon completion, EryDel stockholders will own up to 16.7% of the combined company. The transaction will also include the assumption of EryDel's $13 million European Investment Bank loan.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:05 am

AMC

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) are surging premarket following the Delaware Court of Chancery’s ruling against a settlement proposed by the company to convert its preferred equity shares (APEs) into common shares and implement a 10-for-1 reverse stock split. The company intended to raise capital to avert potential bankruptcy, but the plan was met with opposition from shareholders. AMC CEO Adam Aron emphasized the need for fresh equity and warned of the company running out of cash in 2024 or 2025.

Portfolio Pulse from Shanthi Rexaline

July 24, 2023 | 11:01 am

BABA

CVX

DPZ

NKLA

NVDA

TSLA

WHR

Cathie Wood's Ark ETF exited from Alibaba and other stocks. Domino's Pizza, Whirlpool and 3 other stocks are to be watched. Tesla reportedly removes Bitcoin as payment option but keeps Dogecoin. Bitcoin's price could skyrocket to $120,000, says analyst. NVIDIA GeForce RTX 4060 Ti 16 GB faces price drop in Europe. Nikola's truck caught fire again. Twitter CEO Linda Yaccarino says X.com will be powered by AI. Chevron CEO to stay put as Q2 earnings impress Wall Street. Bain Capital acquires 90% interest in Adani Capital & Adani Housing.

Portfolio Pulse from Akanksha Bakshi

July 24, 2023 | 10:48 am

BOH

Bank of Hawaii (NYSE:BOH) reported Q2 earnings of $1.12 per share, in line with analyst consensus. However, the company's quarterly sales of $167.60 million missed the estimate of $170.07 million by 1.45%. This represents a 18.84% decrease in earnings and a 4.26% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:47 am

APE

CTGO

DWAC

NKLA

PSQH

SIRI

TMC

TWLO

Several stocks recorded losses in Monday's pre-market trading session. Contango Ore, Inc. (CTGO) shares dipped 24.3% after reporting an underwritten public offering of common stock. PSQ Holdings, Inc. (PSQH) declined 11.6% following the completion of its business combination with Colombier Acquisition Corp. AMC Entertainment Holdings, Inc. (APE) tumbled 7.2% after a judge denied the company from converting its preferred equity units into common stock. Digital World Acquisition Corp. (DWAC), ZoomInfo Technologies Inc. (ZI), TMC the metals company Inc. (TMC), Sirius XM Holdings Inc. (SIRI), Twilio Inc. (TWLO), and Nikola Corporation (NKLA) also recorded losses.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 10:45 am