Streetbeat News

Stock Prices

PTON

Peloton Interactive (PTON) sees a sweep of 922 call options for June 23 at $10 strike price, near the ask price of $0.411, compared to 999 open interest; stock reference price at $9.435.

Portfolio Pulse from Charles Gross

June 15, 2023 | 9:55 am

WRB

W.R. Berkley Corp (NYSE:WRB) has increased its annual dividend by 10% to $0.44 per share and authorized a new share buyback program of 15 million shares. The company returned $293.8 million to shareholders in Q1 2023 and had cash and cash equivalents of $1.84 billion as of March 31, 2023.

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 9:34 am

SHY

Morgan Stanley's top equity strategist Mike Wilson reiterates his year-end target of 3,900 on the S&P 500 Index and warns that a profit recession is still underway. He believes that inflation will come down, affecting stocks and earnings power. Wilson is overweight cash and underweight stocks, with a preference for energy and financials sectors.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 9:27 am

MVIS

MicroVision (MVIS) announced the withdrawal of its proposed public offering of common stock late Wednesday, resulting in a 31% premarket increase in its share price.

Portfolio Pulse from Charles Gross

June 15, 2023 | 9:22 am

EDTX

EdtechX Holdings Acquisition Corp II announced an amendment to extend the date to consummate a business combination from June 15, 2023, to December 15, 2023. Shares of EDTX are up 31% in premarket trading.

Portfolio Pulse from Charles Gross

June 15, 2023 | 9:18 am

DEO

Goldman Sachs analyst Olivier Nicolai has downgraded Diageo (NYSE:DEO) from Buy to Neutral.

Portfolio Pulse from richadhand@benzinga.com

June 15, 2023 | 8:30 am

ADBE

JBL

KR

LEN

RFIL

Kroger, Adobe, Lennar Corp, Jabil Inc., and RF Industries are stocks to watch on Thursday. Kroger and Adobe are expected to report earnings, while Lennar Corp reported better-than-expected Q2 results and raised its full-year outlook. Jabil Inc. and RF Industries also posted upbeat results.

Portfolio Pulse from Lisa Levin

June 15, 2023 | 8:24 am

EDIT

Editas Medicine has priced an underwritten public offering of 12.5 million shares at $10 per share, raising approximately $125 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 7:32 am

BBLG

Bone Biologics has priced an underwritten public offering of 2.54 million shares at $1.97 per share, raising approximately $5 million in aggregate gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 7:31 am

SHY

VGSH

Peter Schiff, chief economist at Euro Pacific Capital, dismisses the hawkish pause on rates by the Federal Reserve and believes the next move will be a rate cut. Following the Fed's policy announcement, bond traders raised bets on a possible recession, causing the iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury Index Fund ETF (VGSH) to decline.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 7:31 am