Streetbeat News

Stock Prices

REUN

Reunion Neuroscience Inc. (NASDAQ:REUN) has signed a take-private deal with MPM BioImpact, where MPM will acquire Reunion for $13.1 million. Reunion will receive $1.12 in cash for each share held. The deal represents a 43.1% premium over the trailing 30-trading-day volume weighted average price.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 2:26 pm

TSLA

Tesla shares are trading higher after China's cabinet announced plans to extend and optimize its purchase tax exemption for new energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:23 pm

AVGO

Broadcom reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:22 pm

FIVE

Five Below Inc (NASDAQ:FIVE) reported Q1 2023 revenue growth of 13.5% Y/Y to $726.2 million, missing consensus estimates. EPS grew 13.6% Y/Y to $0.67, beating consensus. The company opened 27 new stores and provided a revised outlook for 2023.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 2:19 pm

AVGO

Unusual options activity has been observed in Broadcom (NASDAQ:AVGO), with 48 uncommon options trades spotted. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $690 to $1000 for Broadcom over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:16 pm

CRM

A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 18 uncommon options trades identified. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. Whales have been targeting a price range from $190.0 to $240.0 for Salesforce over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:15 pm

DG

DLTR

Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG) reported poor Q1 earnings, missing Wall Street estimates and lowering their full-year guidance. Both stocks have experienced significant declines, potentially setting up a short opportunity for investors.

Portfolio Pulse from Ryan Glosier

June 02, 2023 | 2:15 pm

TTD

Trade Desk Inc (NASDAQ:TTD) shares rose after RBC Capital Markets analysts raised the price target from $77 to $85, and Morgan Stanley's Matthew Cost upgraded the rating from Equal-Weight to Overweight, raising the price target from $60 to $90. The company is well positioned to gain share in the growing CTV and Retail Media markets.

Portfolio Pulse from Priya Nigam

June 02, 2023 | 2:15 pm

SOFI

SoFi Technologies stock is down as the Senate clears the debt ceiling bill, which terminates the pause on student loan repayments. CEO Anthony Noto highlighted challenges individuals face, such as surging education costs, stagnant wages, and unaffordable housing.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:14 pm

DISH

T

TMUS

VZ

Dish Network's stock is up amid reports of selling wireless plans for its mobile phone service through Amazon. Amazon is negotiating with Verizon, T-Mobile, and Dish for the lowest possible wholesale prices. This deal could benefit the wireless industry but also chip away at the big carriers' customer base.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:11 pm