Streetbeat News

Stock Prices

ALL

Allstate Corp has stopped selling new home, condo, and commercial insurance policies in California, citing worsening climate and higher building costs. This follows a similar decision by State Farm last week. The combined moves may lead more property owners to rely on the FAIR Plan.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 4:54 pm

CSTL

Castle Biosciences presented data on DecisionDx-Melanoma and DecisionDx-UM at the 2023 ASCO Meeting, showcasing the effectiveness of their diagnostic tests in predicting metastasis and survival outcomes in melanoma and uveal melanoma patients.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 4:49 pm

ORCL

A large bearish position on Oracle (NYSE:ORCL) has been spotted, with 68% of big-money traders being bearish. The price range targeted by these traders for Oracle over the last 3 months is $72.5 to $110.0. Jefferies maintains a Buy rating on Oracle with a price target of $125.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:46 pm

UBER

Unusual options activity has been observed for Uber Technologies (NYSE:UBER), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 20 uncommon options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $35.0 to $42.5 for Uber over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:46 pm

GILD

Gilead announced that Trodelvy, the first Trop-2-directed ADC, demonstrated a durable overall survival advantage in pre-treated HR+/HER2- metastatic breast cancer patients. The Phase 3 TROPiCS-02 study showed a 3.3-month improvement in median overall survival compared to chemotherapy.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 4:40 pm

ASML

ASML Holding (NASDAQ:ASML) has outperformed the market over the past 5 years, producing an average annual return of 28.4% and a market capitalization of $285.64 billion. A $1000 investment in ASML stock 5 years ago would be worth $3,488.05 today.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:30 pm

ANSS

Ansys (NASDAQ:ANSS) has outperformed the market over the past 20 years, producing an average annual return of 21.24%. A $100 investment in ANSS 20 years ago would be worth $4,643.26 today.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:30 pm

CSTL

EPAM

GCV

ONCR

On Monday, 41 companies hit new 52-week lows, with EPAM Sys being the largest in terms of market cap and Oncorus being the smallest. Castle Biosciences was the biggest loser, trading down 46.96%, while GABELLI CONVERTIBLE shares gained 0.23% after reaching their 52-week low.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:23 pm

BLPH

CIR

CSTL

FRZA

GETY

MNK

TMBR

TZOO

U.S. stocks traded mixed with Nasdaq Composite gaining around 70 points on Monday. ISM Services PMI dropped to 50.3 in May from 51.9 in April. Communication services shares jumped by 1.3%, while industrials shares fell by 0.5%. Oil traded up 1.5% to $72.81, and gold traded up 0.4% at $1,976.50.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 4:22 pm

TOP

TOP Financial Group Ltd (NASDAQ:TOP) shares surged by 38.74% to $9.95 on Monday despite no company-specific news. The stock resumed trading last week after two suspension periods due to abnormal and unexplained market activity, with concerns about the accuracy of publicly-available information.

Portfolio Pulse from Henry Khederian

June 05, 2023 | 4:22 pm