Streetbeat News

Stock Prices

AAPL

BABA

TCEHY

Apple Inc has opened a store on Tencent Holding Ltd's messaging app WeChat, expanding its retail channels in China. This move reflects the growing trend of Chinese consumers using social media platforms for shopping. Despite a 5% year-on-year fall in China's smartphone sales in Q1, Apple recorded a 19.9% share of the Chinese smartphone market, its highest since 2014. Apple also operates a shop on Alibaba Group Holding Limited's Tmall online marketplace.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:42 am

RIVN

TSLA

Rivian Automotive, Inc. (NASDAQ:RIVN) stock fell in premarket trading on Tuesday after a nine-session winning run. The rise was due to multiple factors including a partnership with Tesla, Inc. (NASDAQ:TSLA), better-than-expected Q2 deliveries, and optimism about its EV uptake. Analysts have upgraded their view of the stock, with an average price target of $24. The next major catalyst is the company's earnings report due on Aug. 8, where a narrower loss and a revenue climb of 158% are expected.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 11:39 am

DOMH

FLCX

Insiders at Dominari Holdings Inc. (NASDAQ:DOMH) and flooidCX Corp. (OTC:FLCX) have been aggressively buying shares, indicating their confidence in the companies' prospects. Dominari's COO acquired 1,500 shares at an average price of $2.94, while flooidCX's CEO bought 750 shares at an average price of $4.32. Dominari Holdings recently appointed Mr. Kyle Wool as CEO of Dominari Securities LLC, and flooidCX's shares have jumped 36% over the past month.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:37 am

DRUG

Bright Minds has announced a 1:5 reverse stock split, which will be effective from July 14, 2023.

Portfolio Pulse from Charles Gross

July 11, 2023 | 11:37 am

FMC

Credit Suisse analyst John Roberts has maintained an 'Underperform' rating on FMC (NYSE:FMC) and lowered the price target from $120 to $101.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 11:37 am

ETRN

Equitrans Midstream's stock is trading lower following a US Appeals Court decision to block the construction of the Mountain Valley Pipeline in Jefferson National Forest. The company warns that this could affect Mountain Valley's ability to complete construction by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:37 am

VRDN

Viridian shares are trading lower following the release of mixed interim data from the Phase 1/2 trial of VRDN-001 in chronic thyroid eye disease.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:32 am

AFRM

Mizuho has raised the price target for Affirm Holdings from $17 to $20, while maintaining the Buy rating. This has resulted in a rise in Affirm's stock trading.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:31 am

WDFC

WD-40 reported third quarter results that exceeded expectations, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:30 am

AA

ALLG

ETRN

IOVA

JBLU

NVO

NYAX

VOXX

VRDN

Several stocks are recording losses in today's pre-market trading session. These include Viridian Therapeutics, VOXX International, Iovance Biotherapeutics, Equitrans Midstream, Allego, Nayax, JetBlue Airways, Novo Nordisk, and Alcoa Corporation. The reasons for the declines vary from disappointing quarterly results to downgrades by research firms.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:21 am