Streetbeat News

Stock Prices

BX

A significant bearish stance has been taken on Blackstone (NYSE:BX) as indicated by unusual options activity. The sentiment among big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $90.0 to $110.0 for Blackstone over the last 3 months. The price of BX is currently up 1.1% at $99.55. Wells Fargo has maintained their Overweight rating on Blackstone, with a price target of $104.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm

AIU

Shares of Meta Data Limited have been halted due to pending code news. The details of the news are not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:43 pm

QQQ

SPY

UUP

US consumer price inflation fell from 4% to 3% YoY in June, marking the twelfth consecutive decline and the lowest since March 2021. This has led to speculation of only one additional rate hike by the Federal Reserve. The US dollar fell to its lowest level since April 2022, with the Invesco DB USD Index Bullish Fund ETF down 0.9%. The stock market rallied, with the SPDR S&P 500 ETF Trust up 1.1% and the Invesco QQQ Trust up 1.6%. Five economists shared their perspectives, with most suggesting a potential pause in rate hikes due to the easing inflation.

Portfolio Pulse from Piero Cingari

July 12, 2023 | 3:42 pm

COIN

Atlantic Equities has downgraded Coinbase's stock from Overweight to Neutral, but increased its price target from $70 to $80. This has led to a decrease in Coinbase's share trading.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:40 pm

PTPI

Shares of Petros Pharmaceuticals were halted on a circuit breaker to the upside, with the stock up 120.5%.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:38 pm

CNC

Centene's stock has been downgraded from Outperform to Peer Perform by Wolfe Research, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:38 pm

EXK

Endeavour Silver's stock price is expected to rise as HC Wainwright & Co maintained a Buy rating on the stock and increased its price target from $5.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:38 pm

STLA

Stellantis shares are trading higher following an upgrade from B of A Securities, which changed its rating from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:37 pm

VWAGY

Audi AG, a subsidiary of Volkswagen AG (OTC:VWAGY), is reportedly in discussions with Chinese state-owned automaker SAIC Motor Corp to acquire an electric vehicle (EV) platform. This move comes as Audi seeks to improve its sales performance in China and capture a larger share of the world's largest auto market. Currently, Audi uses Volkswagen's EV-dedicated MEB platform for models offered in China.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 3:36 pm

JEF

Jefferies Financial's stock has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a raised price target from $27 to $36. This has resulted in Jefferies Financial shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:34 pm