Streetbeat News

Stock Prices

FBYD

KBNT

NWLI

PEV

PRZO

SFT

The Dow Jones edged higher on Monday, while the NASDAQ and S&P 500 fell. Energy shares rose by 3.5%, while consumer discretionary shares fell by around 1.5%. ParaZero Technologies, Phoenix Motor, and National Western Life Group saw significant increases in their share prices. Shift Technologies announced it will file for Chapter 11 bankruptcy, causing its shares to drop by 87%. Kubient and Falcon's Beyond Global also saw decreases in their share prices.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 4:27 pm

CBSTF

Cannabist Company Holdings Inc. (OTCQX:CBSTF) has announced a partial redemption of its outstanding 13% senior secured notes due May 14, 2024. The company will redeem $25 million of the total $38.2 million principal amount on Oct. 23, 2023. The redemption will be paid in cash from funds on hand, following the closing of a private placement for aggregate gross proceeds of roughly $25 million. The company's shares traded 0.9167% lower at $0.7728 per share late Monday morning.

Portfolio Pulse from Jelena Martinovic

October 09, 2023 | 4:23 pm

NVDA

Steve Weiss, a frequent guest on CNBC, announced that he has sold his Nvidia (NVDA) shares.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:17 pm

C

A whale investor has taken a bullish stance on Citigroup (NYSE:C), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $32.5 to $47.5 for Citigroup over the last 3 months. The price of Citigroup is currently down -0.91% at $40.2. RBC Capital, Piper Sandler, Goldman Sachs, Oppenheimer, and Morgan Stanley have maintained their ratings on Citigroup.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:16 pm

MU

A significant bullish stance has been observed in Micron Technology's options activity, with 64% of investors opening trades with bullish expectations. Whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. Citigroup, Baird, Morgan Stanley, and Rosenblatt have given price targets of $85, $65, $58, and $100 respectively.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:16 pm

W

Shares of Wayfair Inc (NYSE:W) have lost around 24% since mid-August due to macro headwinds and higher interest rates. Despite these challenges, analyst Seth Basham maintains an Outperform rating for Wayfair, while reducing the price target from $100 to $80. Basham believes that Wayfair will meet Q3 expectations due to incremental market share growth, despite weaker industry demand trends.

Portfolio Pulse from Priya Nigam

October 09, 2023 | 4:08 pm

PRZO

Shares of ParaZero Technologies Ltd (NASDAQ:PRZO) more than doubled after the company announced that an Australian regulator approved the first commercial drone flights in populated areas using ParaZero's safety systems. Australian commercial drone operator ORVL has gained approval to commence complex operations using ParaZero's advanced parachute safety technology.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 4:05 pm

TYGO

Tigo Energy Inc's shares have fallen by around 20% following the company's weaker-than-expected Q3 FY23 preliminary financial results. The company has reduced its Q3 revenue outlook to $17 million-$18 million, down from the previously expected $41 million-$45 million. Tigo now anticipates an adjusted EBITDA loss for Q3, but the estimated amount will not be provided until the end of Q3. The company's backlog is projected to be within $66 million-$68 million as of Q3 FY23.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 4:03 pm

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 15 years, producing an average annual return of 11.68%. If an investor had bought $100 of AMGN stock 15 years ago, it would be worth $503.19 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CAMP

Over the past 3 months, 5 analysts have published their opinion on CalAmp (NASDAQ:CAMP) stock. The average price target is $2.53, implying an upside from the current price of $0.293. This represents a 20.44% decrease from the previous average price target of $3.18. The analysts' ratings are mixed with 2 bullish, 1 indifferent, and 2 bearish.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm