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Stock Prices

MEI

Methode Electronics reported mixed Q4 results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:21 pm

SOUN

Cantor Fitzgerald raised its price target on SoundHound AI shares from $2.80 to $6.20, causing the stock to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:20 pm

LCID

PSNY

RIVN

TSLA

Major US EV manufacturers Tesla, Rivian, Lucid, and Polestar rank poorly in J.D. Power's Initial Quality Study 2023, which analyzes early ownership problems. Lucid Motors scored the worst with 340 problems per 100 vehicles (PP100), followed by Polestar (313 PP100), Rivian (282 PP100), and Tesla (257 PP100).

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:19 pm

KRE

Jim Labenthal announced on CNBC that he has sold his position in the SPDR S&P Regional Banking ETF (KRE).

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 4:15 pm

NRG

NRG Energy's shares are trading higher following the announcement of an increased share repurchase authorization and a cost reduction initiative.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:14 pm

AMZN

IRBT

The European Union's antitrust regulators are set to launch a full-scale investigation into Amazon's $1.7 billion acquisition of iRobot. The news led to a 10% drop in iRobot shares and a reduction in gains for Amazon shares.

Portfolio Pulse from Benzinga Newsbot

June 22, 2023 | 4:11 pm

AGLE

OSTK

VRM

The Nasdaq Composite gained over 70 points on Thursday, with consumer discretionary shares rising 1.2%. Aeglea BioTherapeutics acquired Spyre Therapeutics and entered into a definitive agreement for a private placement of Series A non-voting convertible preferred stock, resulting in approximately $210 million in gross proceeds.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 4:11 pm

FDX

FedEx shares are recovering after a drop following the company's Q4 revenue results, FY24 outlook, and the CFO's comments on margin contractions.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:07 pm

AMD

BLK

NVDA

QQQ

SMH

SPY

TSLA

WT

Fear has evaporated in the stock market, with greed taking over. Wall Street's fear gauge VIX dropped as S&P 500 ETF SPY, Invesco QQQ Trust Series 1, Tesla, NVIDIA, and VanEck Semiconductor ETF fell. Jobless claims came in at 264K, and central banks in the UK, Norway, and Switzerland raised interest rates.

Portfolio Pulse from The Arora Report

June 22, 2023 | 4:07 pm

MS

A whale investor has taken a bullish stance on Morgan Stanley (NYSE:MS), with 54% of detected trades showing bullish expectations and 45% bearish. Whales have been targeting a price range of $55.0 to $87.5 for Morgan Stanley over the last 3 months. The stock is currently down 1.74% at $84.84, and RSI indicators suggest it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 4:05 pm