Streetbeat News

Stock Prices

A significant investor has taken a bearish stance on Morgan Stanley (NYSE:MS), with 75% of recent trades being bearish. The trades indicate a target price range of $65.0 to $92.5 for Morgan Stanley over the last 3 months. The current price of MS is down -1.13% at $72.31, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 85 days.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:31 pm

NXU

Maxim Group analyst Tate Sullivan has downgraded Nxu (NASDAQ:NXU) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:23 pm

RVYL

Ryvyl has received a non-compliance letter from Nasdaq due to not meeting the Market Value of Listed Securities Standard. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:19 pm

TLT

UTEN

The 10-year Treasury yield surged to 5.02%, its highest level since mid-July 2007, triggering a wave of Treasury purchases and causing yields to retreat to 4.87%. Prominent investor Bill Ackman, who had previously shorted long-term Treasury securities, covered his shorts citing a faster than expected economic slowdown. Technical indicators suggest a potential weakening of seller momentum in the Treasury bond market.

Portfolio Pulse from Piero Cingari

October 23, 2023 | 4:19 pm

CEAD

CGC

CURLF

GTBIF

IIPR

JAZZ

TCNNF

TLLTF

TLRY

Cannabis stocks traded lower on Friday, a trend analyst Michael Berger attributes to rising interest rates. Stocks highlighted include Canopy Growth (CGC), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings (CURLF), Tilray Brands (TLRY), Innovative Industrial Properties (IIPR), Jazz Pharmaceuticals (JAZZ), TILT Holdings (TLLTF), and CEA Industries (CEAD). Berger plans to add GTBIF, TCNNF, and TLLTF to his mock portfolio, and is monitoring the rest for potential investment opportunities.

Portfolio Pulse from Javier Hasse

October 23, 2023 | 4:19 pm

DELL

Dell Technologies' (NYSE:DELL) short percent of float has risen 49.62% since its last report, with 9.55 million shares sold short, which is 3.89% of all regular shares available for trading. It would take traders 1.08 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.22%.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:15 pm

ABT

Abbott Laboratories' short percent of float has fallen 7.58% since its last report, with 10.61 million shares sold short, which is 0.61% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Abbott Laboratories has less short interest as a percentage of float, with an average of 3.26%.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:15 pm

KVUE

Kenvue's (NYSE:KVUE) short percent of float has risen 4.96% since its last report, with 21.44 million shares sold short, which is 10.79% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 6.98%. Short interest can act as an indicator of market sentiment towards a particular stock.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:15 pm

AKU

APLM

INVO

LICY

LMDX

RVMD

The Nasdaq Composite gained over 60 points on Monday, with communication services shares rising by 0.9%. LumiraDx Limited, INVO Bioscience, and Akumin Inc. saw significant increases in their share prices due to strategic collaborations and acquisitions. However, Li-Cycle Holdings Corp., Revolution Medicines, and Apollomics saw a decrease in their share prices due to halted projects and clinical trial data.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 4:06 pm

PEV

Phoenix Motor Inc. (NASDAQ:PEV) has regained compliance with the Nasdaq minimum bid price requirement. The company's shares maintained a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, achieving compliance on October 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:03 pm