Streetbeat News

Stock Prices

APRN

Blue Apron Holdings, Inc. (NASDAQ:APRN) shares are trading lower after the company announced a 1-for-12 reverse stock split. The split aims to regain compliance with NYSE's minimum share price requirement before the June 21, 2023 deadline.

Portfolio Pulse from Erica Kollmann

June 08, 2023 | 4:45 pm

FSR

Fisker's stock has been downgraded from Peer Perform to Underperform by Wolfe Research, which also set a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:45 pm

CVNA

Carvana expects to achieve Adjusted EBITDA above $50 million in Q2 2023, with a Non-GAAP total gross profit per unit (GPU) above $6,000, a 63% improvement compared to Q2 2022. The company reported a GPU of $4,303 in Q1, a 52% Y/Y increase, and an Adjusted EBITDA loss of $(24) million. Carvana's shares are trading higher by 24.1% at $19.29.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 4:44 pm

AMZN

WBD

Warner Bros Discovery Inc (WBD) shares are trading higher by 7.93% to $14.16 on continued momentum after CNN CEO Chris Licht stepped down. Amazon is reportedly planning to launch an ad-supported Prime Video tier and holding discussions with WBD and Paramount about adding ad-based tiers of their services through Prime Video channels.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 4:41 pm

TMUS

T-Mobile shares are trading higher following an upgrade from Wolfe Research, which changed its rating from Peer Perform to Outperform and set a $160 price target.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:37 pm

ADBE

Adobe shares are trading higher after the company announced several product innovations at Adobe Summit EMEA 2023, including enhanced AI features for its Content Supply Chain Solution and expansions to its generative AI service, Sensei GenAI. Piper Sandler and Deutsche Bank maintained positive ratings and raised their price targets for Adobe.

Portfolio Pulse from Erica Kollmann

June 08, 2023 | 4:34 pm

BA

Investor Business Daily SwingTrader has reportedly purchased stock in The Boeing Company (BA).

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:33 pm

SE

Benzinga's options scanner detected over 11 options trades for Sea (NYSE:SE) totaling $676,751. Whales have been targeting a price range of $55.0 to $95.0 for Sea over the last 3 months. The stock is currently up 4.74% at $63.86. Benchmark downgraded its action to Buy with a price target of $105, while HSBC and B of A Securities maintained their Buy and Neutral ratings with price targets of $94 and $90, respectively.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 4:33 pm

TSLA

Tesla plans to produce 375,000 Cybertruck units annually, with production set to begin in 2023 and first deliveries later this year. The electric pickup truck has strong reservation figures, estimated at over one million, and could become a top 10 selling vehicle in the US.

Portfolio Pulse from Chris Katje

June 08, 2023 | 4:32 pm

CCI

Jenny Van Leeuwen Harrington announced on CNBC that she has bought more shares of Crown Castle (CCI), a leading provider of shared communications infrastructure.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:32 pm