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Stock Prices

RENT

Rent The Runway shares dropped following Q1 financial results. Raymond James maintained an Outperform rating but lowered its price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:53 pm

BYND

Beyond Meat (BYND) shares surged 21.2% to $13.00 on Thursday, despite no company-specific news. The stock is trending on social media platforms and may be experiencing a short squeeze, with 43.07% of its 58.71 million shares sold short.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 5:52 pm

CURV

Telsey Advisory Group analyst Dana Telsey downgraded Torrid Holdings Inc. (NYSE:CURV) from Outperform to Market Perform and lowered the price target from $5 to $3. The downgrade is due to disappointing Q1 results, management turnover, and a lack of visibility around consumer health.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2023 | 5:50 pm

OXM

Telsey Advisory Group analyst Dana Telsey lowered the price target for Oxford Industries (OXM) to $115 from $125, maintaining a Market Perform rating. The company reported Q1 2023 net sales growth of 19% Y/Y to $420.1 million, but reduced its FY23 sales outlook and Q2 outlook below consensus estimates. Increased competition and softening trends are cited as reasons for the lowered expectations.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 5:48 pm

GOOG

GOOGL

META

PINS

SNAP

Wells Fargo analyst Ken Gawrelski initiated coverage on Alphabet, Meta, Pinterest, and Snap, giving them Equal Weight ratings with price targets of $117, $276, $23, and $10, respectively. The analyst's focus is on the transition to AI-powered conversational search and potential market shifts in the large cap internet sector.

Portfolio Pulse from AJ Fabino

June 08, 2023 | 5:45 pm

TCOM

Trip.com Group Ltd (TCOM) shares are trading higher by 4.42% to $35.80 after reporting better-than-expected Q1 results. The stock is also benefiting from China's central bank's attempt to support the yuan by decreasing dollar deposit interest rates.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 5:43 pm

SCWX

SecureWorks reported worse-than-expected Q1 financial results and issued Q2 guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:42 pm

NKLA

Nikola shareholders rejected the company's proposal to issue more stock shares, increasing pressure on the electric-truck maker as it seeks to raise more cash to start production.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:41 pm

BHFAN

BHFAO

EHTH

GBLI

GSHD

KINS

MHLD

PRA

ROOT

SLQT

TIRX

WTM

Insurance stocks experienced significant movement during Thursday's intraday session, with eHealth, Maiden Hldgs, White Mountains Insurance, Goosehead Insurance, Tian Ruixiang Holdings, and ProAssurance among the gainers, while SelectQuote, Root, Kingstone Companies, Global Indemnity Group, and Brighthouse Finl saw declines.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:41 pm

FRZA

Forza X1 shares have resumed trading after a temporary halt. The company's stock symbol is FRZA.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:41 pm