Streetbeat News

Stock Prices

RIVN

Rivian Automotive's shares are trading lower following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 4:42 pm

LPRO

Open Lending Corporation reported its Q2 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 4:38 pm

BNBUSD

COIN

Bitstamp, the oldest crypto exchange, will halt trading for a selection of altcoins for its US-based clientele. The affected digital assets include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). The change will take effect from August 29. The move is speculated to be due to the US Securities and Exchange Commission's (SEC) recent actions, specifically labeling these tokens as unregistered securities in its legal challenges against Binance (BNB) and Coinbase (COIN).

Portfolio Pulse from Murtuza Merchant

August 09, 2023 | 4:36 pm

DIS

PENN

Penn Entertainment (NASDAQ:PENN) is selling 100% of Barstool Sports back to its founder, Dave Portnoy, in exchange for certain non-compete and other restrictive covenants. This comes after Penn acquired the remaining stake in Barstool Sports for over $500 million through transactions in 2020 and 2023. The divestiture is part of Penn's partnership with ESPN, which Portnoy has described as a win-win. Penn will receive 50% of any sale proceeds or dividends Barstool Sports pays out.

Portfolio Pulse from Chris Katje

August 09, 2023 | 4:36 pm

NOTE

FiscalNote Holdings reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 4:30 pm

ABC

AmerisourceBergen (NYSE:ABC) has outperformed the market over the past 20 years, producing an average annual return of 13.27%. If an investor had bought $100 of ABC stock 20 years ago, it would be worth $1,198.64 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:30 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has outperformed the market over the past 10 years by 9.58% on an annualized basis, producing an average annual return of 19.73%. The company currently has a market capitalization of $55.87 billion. If an investor had bought $100 of NXPI stock 10 years ago, it would be worth $602.96 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:30 pm

YUM

Yum Brands Inc. (NYSE:YUM) shares are currently trading at $133.54, after a 0.45% drop. Despite a 1.17% fall over the past month, the stock has risen by 13.45% over the past year. The company's P/E ratio is lower than the industry average, which could indicate potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:30 pm

SNES

STRO

SYTA

On Wednesday, 155 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was Estee Lauder Cos (NYSE:EL). The smallest company by market cap to set a new 52-week low was SenesTech (NASDAQ:SNES). Siyata Mobile (NASDAQ:SYTA)'s stock fell the most, as it traded down 7658.62% to reach a new 52-week low. Sutro Biopharma (NASDAQ:STRO) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:27 pm

DBTX

NVEI

PALI

RENB

TNGX

TYGO

US stocks were lower with the Nasdaq Composite falling around 1%. Energy shares jumped by 1.1% while information technology shares fell 1.3%. Tango Therapeutics, Decibel Therapeutics, and Renovaro Biosciences saw their shares rise significantly. Palisade Bio, Tigo Energy, and Nuvei Corporation shares dropped. U.S. crude oil inventories increased by 5.851 million barrels, exceeding market expectations.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 4:25 pm