Streetbeat News

Stock Prices

BABA

JD

PDD

Chinese stocks are trading higher following China's central bank cutting its seven-day reverse repurchase rate.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:46 pm

FTCH

GXO

GXO Logistics is expanding its partnership with Farfetch to support Reebok's omnichannel logistics across Europe from two networked warehouses in South Holland. The agreement has created 500 new jobs and GXO plans to add automation in 2023.

Portfolio Pulse from Shivani Kumaresan

June 13, 2023 | 1:45 pm

FTCH

Farfetch (FTCH) experienced a sweep of 2,652 call options for June 23 at a strike price of $6, near the ask price of $0.29, compared to an open interest of 304. The stock is currently trading at $5.92.

Portfolio Pulse from Charles Gross

June 13, 2023 | 1:44 pm

ADBE

Adobe Inc (NASDAQ:ADBE) shares are trading higher after the company unveiled new generative AI capabilities using Adobe Firefly in Adobe Illustrator. The first integration of Firefly, Generative Recolor, was announced at MAX London, allowing designers to experiment with colors using simple text prompts. Analysts from Morgan Stanley, Jefferies, and Evercore ISI Group raised their price targets on Adobe stock.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 1:42 pm

VZ

Verizon Communications is searching for a new finance chief who could potentially transition into the Chief Executive role. The company is focusing on outsiders for a 'CFO Plus' position to boost business performance and expand its pool of possible successors.

Portfolio Pulse from Akanksha Bakshi

June 13, 2023 | 1:42 pm

AAPL

META

NVDA

SPY

TSLA

Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, AAPL, NVDA, and META, providing price levels and targets based on their proprietary formula. The market is expected to experience volatility ahead of the FOMC meeting and CPI print.

Portfolio Pulse from RIPS

June 13, 2023 | 1:41 pm

AUUD

Auddia Inc. (NASDAQ:AUUD) announces a registered direct offering of 4.735 million shares of common stock at $0.65 per share, priced at-the-market. The offering is expected to close on June 15, 2023, raising approximately $3.1 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:41 pm

DIA

IWM

QQQ

SPY

Major indices are higher following a softer-than-expected CPI report, which showed slowing inflation in May.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:39 pm

SGEN

TAK

Seagen Inc announced updated efficacy and safety results from Part C of a phase 2 single-arm trial of Adcetris combined with nivolumab and standard chemotherapy agents for the frontline treatment of patients with early-stage classical Hodgkin lymphoma. The trial achieved a 98% overall response rate and a 93% complete response rate at the end of treatment.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 1:37 pm

BTCUSD

ETHUSD

LUNCUSD

Bitcoin (BTC) traded above $26,000 following the release of US inflation data, which eased to 4.0% in May. Ethereum (ETH) also edged higher but remained below the $1,800 mark. Terra Classic (LUNC) emerged as the top gainer in the past 24 hours.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 1:36 pm