Streetbeat News

Stock Prices

PACW

PacWest Bancorp (PACW) experienced a notable options activity with 1,000 June 2 $7 calls being purchased near the ask price at $0.6, compared to an open interest of 782 contracts. The stock is currently trading at $6.21.

Portfolio Pulse from Charles Gross

May 19, 2023 | 1:38 pm

ARTNA

Artesian Resources Corporation (ARTNA) has priced a public offering of 695,650 shares of Class A Non-Voting Common Stock at $50 per share, totaling $34.8 million. The offering is expected to close on May 23, 2023. The company plans to use the proceeds for general corporate purposes, capital investment, and debt repayment.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 1:35 pm

GOOG

MSFT

SSNLF

Google (Alphabet Inc) breathes a sigh of relief as Samsung Electronics decides not to replace Google with Microsoft's Bing as the default search engine on its smartphones for now. Samsung suspended an internal review exploring the switch, citing concerns over market perception and impact on business relations with Google.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 1:34 pm

AMD

Traders are circulating negative comments from Cleveland Research about AMD, potentially impacting the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 1:33 pm

AMZN

BABA

BIDU

TCEHY

Alibaba plans to fully spin out its $12 billion cloud business, which analysts value at over $30 billion. The cloud division has been losing market share to rivals amid China's tech sector crackdown. Analysts have mixed opinions on the move, with some lowering their price targets for Alibaba stock.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 1:29 pm

CAG

SPTN

TSN

Wall Street's most accurate analysts recommend holding three high-dividend-yielding consumer staples stocks: SpartanNash Company (SPTN), Conagra Brands, Inc. (CAG), and Tyson Foods, Inc. (TSN). These stocks have dividend yields of 3.60%, 3.60%, and 3.83%, respectively.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 1:26 pm

LAZ

Lazard Ltd CEO, Ken Jacobs, is expected to resign for undisclosed reasons, with Peter Orszag, head of the investment bank's financial advisory division, named as his replacement. Lazard recently reported a Q1 adjusted loss per share of $0.26 and revenue of $527 million, missing consensus estimates. The company also plans to cut 10% of its workforce by 2023.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 1:17 pm

PTON

Peloton Interactive announced a rear safety guard for its recalled Tread+ treadmill, which will be offered for free to owners later this year. The company recalled its Tread and Tread+ treadmills in May 2021 after multiple injuries and one child's death. Peloton reported a Q3 FY23 sales decline of 22% Y/Y to $748.90 million.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 1:13 pm

DHI

EXPR

GLOB

LXEH

ONON

Top 5 stocks to watch include DHI, ONON, EXPR, GLOB, and LXEH. DHI is affected by home prices, ONON is a sympathy play in the shoe sector, EXPR is favored by an analyst, GLOB is a play on AI, and LXEH is up due to China's cooperation with central Asian countries.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 1:12 pm

FTCH

LXEH

MULN

In Friday's pre-market session, 12 consumer discretionary stocks experienced significant price movements. Gainers included Lixiang Education, Farfetch, Digital Brands Group, Yoshiharu Global, Fossil Group, and ARKO. Losers were Foot Locker, a.k.a. Brands Holding, Mullen Automotive, Aterian, Sonder Holdings, and Noodles.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 1:08 pm