Streetbeat News

Stock Prices

BURU

MDU

NXU

UAVS

UP

The most oversold stocks in the industrials sector present an opportunity to buy into undervalued companies. The latest list of major oversold players in this sector, having an RSI near or below 30, includes Wheels Up Experience (UP), AgEagle Aerial Systems (UAVS), MDU Resources Group (MDU), Nxu (NXU), and Nuburu (BURU).

Portfolio Pulse from Lisa Levin

June 12, 2023 | 12:29 pm

VWAGY

Volkswagen's supervisory board is set to meet on Tuesday to discuss a €3 billion ($3.22 billion) cost-saving plan across Volkswagen, Seat, Skoda, and Cupra brands. The meeting comes ahead of the automaker's capital markets day on June 21.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 12:28 pm

DWAC

Digital World Acquisition Corp (DWAC) experienced high volatility, spiking 4.19% before closing down 0.7% on Friday, amid former President Donald Trump's indictment on multiple federal charges. The SPAC is expected to merge with Trump's Trump Media & Technology Group (TMTG), which owns Truth Social. The stock formed a triple bottom pattern near $12.80, suggesting a bounce could be possible.

Portfolio Pulse from Melanie Schaffer

June 12, 2023 | 12:28 pm

NIO

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

Portfolio Pulse from Adam Eckert

June 12, 2023 | 12:26 pm

ONCR

Oncorus shares are trading lower by 25% after the board unanimously approved the dissolution and liquidation of the company. Other pre-market movers include gainers such as Auddia, Infobird, Chinook Therapeutics, and DatChat, and losers such as VirnetX, Blue Apron, Cyxtera Technologies, and Sientra.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 12:24 pm

ALK

ON

WDAY

WLFC

Insiders at Willis Lease Finance, Workday, Alaska Air Group, and ON Semiconductor have recently sold shares, signaling potential concerns about the companies' prospects or stock overvaluation. These sales come after various company updates, such as better-than-expected quarterly results for Workday and first-quarter revenue growth for Alaska Air Group.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 12:21 pm

ASST

Asset Entities announced the development of an AI bot as part of its AE360DDM suite of services on Discord, leading to higher trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:19 pm

AMD

AVGO

NVDA

Taiwanese chipmakers are expecting a surge in demand for AI HPC processors from US-based fabless vendors like AMD, Broadcom, Marvell, and Nvidia, as well as increased demand from China.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:18 pm

CYTH

Cyclo Therapeutics shares are trading higher after the European Patent Office allows a patent for Trappsol Cyclo, a treatment for Alzheimer's Disease.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:18 pm

AMD

CCL

USB

VNET

Keybanc raised AMD's price target from $110 to $150, maintaining an Overweight rating. Other analyst forecasts include JP Morgan upgrading Carnival Corporation and raising its price target, Citigroup cutting U.S. Bancorp's price target, and HSBC slashing VNET Group's price target.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 12:17 pm