Streetbeat News

Stock Prices

IVAC

PD

SCWX

STIX

TIO

The most oversold stocks in the information technology sector, with RSI values near or below 30, include Tingo Group (TIO), Semantix (STIX), SecureWorks (SCWX), PagerDuty (PD), and Intevac (IVAC). These stocks present an opportunity to buy into undervalued companies.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:44 pm

ORCL

Oracle Corporation reported better-than-expected Q4 results with a 17% YoY increase in revenue to $13.8 billion and adjusted earnings of $1.67 per share. Following the announcement, several analysts raised their price targets on the company's stock.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:42 pm

GME

GameStop's Form4 filing reveals that Ryan Cohen purchased 443,842 shares at an average price of $22.53 per share.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:38 pm

NFLX

Netflix (NASDAQ:NFLX) is in early discussions to live-stream its first sporting event, a celebrity golf tournament featuring professional golfers and Formula One drivers. The event would feature celebrities from docuseries 'Drive to Survive' and 'Full Swing'. This marks Netflix's first step into live-streaming sports.

Portfolio Pulse from Akanksha Bakshi

June 13, 2023 | 12:38 pm

DERM

Journey Medical announced positive topline data from the Phase 1 clinical trial of DFD-29, which assessed its impact on microbial flora in healthy adult subjects. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:37 pm

NVDA

ORCL

Oracle Corp reported better-than-expected Q4 financial results, with revenue increasing 17% YoY to $13.8 billion and adjusted earnings of $1.67 per share. The company guided for fiscal Q1 revenue growth of 8% to 10% and cloud revenue growth of 28% to 30% YoY. Oracle's board declared a quarterly cash dividend of 40 cents per share.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 12:34 pm

AVGO

BOX

JPM

KO

Insiders at Box, JPMorgan Chase, Broadcom, and Coca-Cola have recently sold shares, signaling potential concerns about the companies' prospects or stock valuations. Box posted better-than-expected quarterly results, JPMorgan is reconciling a lawsuit, Broadcom is set to receive EU approval for its $61 billion acquisition of VMware, and HSBC maintained a Buy rating on Coca-Cola but lowered the price target.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:33 pm

NIO

NIO Inc (NYSE:NIO) shares are trading higher after the company announced plans to cut prices on all of its vehicle models by $4,200 and end free battery swapping for new buyers. Several analysts adjusted price targets on the stock.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 12:32 pm

BIIB

ESALY

Alzheimer's drug Leqembi, developed by Eisai Co Ltd and Biogen Inc, faces hurdles in Europe due to concerns over health risks and healthcare resources. The drug is undergoing regulatory review in Europe and is likely to receive approval in the U.S. next month. However, European countries prioritize cost-effectiveness, and analysts predict a smaller European market for the drug.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 12:30 pm

WFC

Wells Fargo's CFO spoke at the Morgan Stanley US Financials, Payments & CRE Conference, stating that the bank is likely to see some losses in its commercial real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:28 pm