Streetbeat News

Stock Prices

SBUX

Starbucks Corp's shares are trading flat after Wedbush analyst Nick Setyan maintained a Neutral rating and raised the price target from $100 to $106. The company's shares have risen by 10% over the past week following better-than-expected Q4 results and comparable sales growth. Starbucks also announced a minimum 3% pay increase for eligible hourly retail employees in the US starting January 1. The company reported an 11.4% YoY sales growth at $9.37 billion in Q4 FY23.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 3:58 pm

BTI

OGI

Organigram Holdings Inc. (NASDAQ:OGI) announced a C$124.6 million investment from British American Tobacco PLC (NYSE:BTI). The investment will be used to expand Organigram's geographic footprint and capitalize on emerging growth opportunities, as well as for general corporate purposes. Following the announcement, OGI shares are trading higher with a 28% increase.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 3:55 pm

ZNTL

Zentalis Pharmaceuticals reported its Q3 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:54 pm

NSSC

NAPCO Security Technologies reported a year-over-year increase in Q1 EPS results and better-than-expected Q1 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:52 pm

SATS

EchoStar Corporation reported a year-over-year decrease in Q3 EPS results and worse-than-expected Q3 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:49 pm

PARA

Paramount Global Class B (NASDAQ:PARA) shares are trading lower by 5.4% after B of A Securities analyst Jessica Reif Ehrlich downgraded the stock from Buy to Underperform and announced a $9 price target. This follows Paramount's Q3 financial report where it exceeded expectations with adjusted earnings of 30 cents per share and quarterly revenue of $7.13 billion. Paramount's streaming services, Paramount+ and Pluto TV, saw a substantial increase in global viewing hours by 46% and revenue growth of 61%.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 3:49 pm

PARA

PARAA

Bank of America Securities has downgraded Paramount's stock from Buy to Underperform and set a price target of $9. This has led to a decrease in Paramount's share price.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:49 pm

SE

A large investor has taken a bearish stance on Sea (NYSE:SE), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $25.0 to $85.0 for Sea over the last 3 months. Currently, the price of SE is up 1.81% at $45.6.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:46 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $140.0 to $160.0 for Snowflake over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $195 while Piper Sandler maintained their Overweight rating on Snowflake with a price target of $195.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:46 pm

AL

Air Lease Corp (NYSE:AL) reported Q3 FY23 revenue of $659.4 million, a 17.5% increase Y/Y, beating the consensus of $657.7 million. The revenue growth was driven by an increase in fleet size and sales activity. The company also increased its quarterly cash dividend per share by 5% to $0.21. As of November 6, 2023, the company had 40 aircraft with a carrying value of about $1.8 billion in the sales pipeline.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 3:45 pm