Streetbeat News

Stock Prices

PECO

Goldman Sachs maintains its Buy rating for Phillips Edison (NASDAQ:PECO) and raises its price target from $38.00 to $39.00. Shares of PECO are trading up 0.72% at $33.50 per share.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 5:00 pm

GM

IBM

MS

CNBC's Halftime Report discussed final trades, highlighting International Business Machines (IBM), Morgan Stanley (MS), and General Motors (GM).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 5:00 pm

FWBI

First Wave BioPharma (NASDAQ: FWBI) has entered into agreements to exercise existing warrants for 1,681,667 shares at a reduced price of $1.15 per share, in exchange for new warrants. The transaction is expected to generate $2.4 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:52 pm

CTLT

Catalent Inc (NYSE: CTLT) reported better-than-expected Q3 results with revenue of $1.04 billion and adjusted EBITDA of $105 million. The Biologics segment drove the top-line beat, but the company lowered its guidance for fiscal 2023. William Blair reiterated its Market Perform rating, citing limited upside and lack of visibility into fiscal 2024.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 4:51 pm

BYND

Beyond Meat (NASDAQ:BYND) shares are trading higher after the company announced the newest iteration of Beyond Sausage, which tastes 'even meatier' and has 40% less saturated fat than a leading brand of pork sausage. The product will be available at over 15,000 retail stores nationwide.

Portfolio Pulse from Erica Kollmann

June 13, 2023 | 4:48 pm

MPAA

Motorcar Parts of America shares rose 13.5% after reporting Q4 profit. Other stocks with significant gains include First Wave BioPharma, IperionX, Ideanomics, and Cepton. Losers include Auddia, Advanced Health Intelligence, Bonso Electronics, and Jin Medical International.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 4:47 pm

COF

Capital One Financial (COF) sees a surge in demand for its July 21 $125 call options, with 7,416 contracts traded at $0.9, compared to an open interest of 112. Earnings are expected on July 20 after market close.

Portfolio Pulse from Charles Gross

June 13, 2023 | 4:43 pm

F

GM

TSLA

Tesla shares are trading higher due to strength in EV stocks and overall market strength following May CPI data. Ford and GM have recently made deals with Tesla for EV charging compatibility.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:43 pm

IDEX

Ideanomics (IDEX) shares surged 50% on Tuesday, with over 366 million shares traded, far exceeding its average daily volume of 73.85 million shares. The company recently transferred its partnership interest in the Minority Depository Institution Keepers Fund (MDI Fund) to Uber Technologies, Inc.

Portfolio Pulse from Erica Kollmann

June 13, 2023 | 4:35 pm

URI

United Rentals (NYSE:URI) has outperformed the market over the past 5 years, producing an average annual return of 20.09%. A $100 investment in URI 5 years ago would be worth $253.63 today.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 4:32 pm