Streetbeat News

Stock Prices

VRTS

Over the past 3 months, 5 analysts have published somewhat bearish opinions on Virtus Inv (NASDAQ:VRTS) stock. The average price target is $164.0, implying a downside from the current price of $193.85. This average has increased by 3.27% from the previous average price target of $158.80.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:00 pm

OMC

Over the past 3 months, 6 analysts have published their opinion on Omnicom Group (NYSE:OMC) stock. The analysts have an average price target of $100.17 versus the current price of Omnicom Group at $72.91, implying upside. This current average has decreased by 3.84% from the previous average price target of $104.17.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:00 pm

STEM

Piper Sandler has maintained its Neutral rating for Stem (NYSE:STEM) but lowered its price target from $5.00 to $4.00. Stem's shares are currently trading down 2.43% at $3.62 per share. A move to $4.00 would represent a 10.5% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:00 pm

VEL

Citigroup has maintained its Neutral rating for Velocity Financial (NYSE:VEL) but lowered its price target from $14.00 to $13.00. Velocity Financial's shares are currently trading at $11.34, and a move to $13.00 would represent a 14.64% increase.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:00 pm

PEP

The CNBC Halftime Report discussed PepsiCo, potentially impacting the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:59 pm

MGM

MGM shares are trading higher following the company's update on the impact of the September cybersecurity breach.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:51 pm

AMD

ASML

LSCC

TSM

Semiconductor stocks, including AMD, ASML, LSCC, and TSM, are trading higher amid a rebound in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:47 pm

AMZN

GOOG

MSFT

NVDA

Nvidia Corp's stock is trading higher as the U.S. prepares to implement another round of semiconductor technology sanctions on China. Many U.S. chip firms, including Nvidia, generate over 20% of their revenue from China. Nvidia and other chipmakers are urging the U.S. government to soften its China policy. Nvidia's revenue in the data center segment has soared from $339 million in fiscal 2016 to over $15 billion last year, bolstered by the launch of OpenAI’s AI chatbot ChatGPT. Nvidia GPUs are extensively used in AI and data centers of tech giants like Alphabet Inc, Microsoft Corp, and Amazon.Com, Inc.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 4:42 pm

DEO

Guinness Nigeria Plc, a unit of Diageo Plc (NYSE:DEO), plans to halt imports of certain spirits, including Johnnie Walker whiskey, from April 2024 due to currency fluctuations. This move aligns with Diageo's strategy to establish a new venture for managing spirit imports and distribution across West and Central Africa. The decision is expected to help Guinness Nigeria focus on its core business, fully utilize its assets, reduce foreign exchange requirements, and mitigate the impacts of foreign exchange scarcity and exchange rate volatility.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 4:33 pm

OSTK

Overstock.com, Inc. (NASDAQ:OSTK) shares are moving higher despite being down by over 30% in the last month. Overstock director Marcus Lemonis purchased 64,800 shares this week. The stock has attracted attention from retail investors and short-sellers, with 11.88% of shares being sold short. Overstock.com shares are currently trending on Stocktwits and Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

October 06, 2023 | 4:31 pm