Streetbeat News

Stock Prices

EVLO

Shares of Evelo Biosciences (EVLO) were halted on a circuit breaker to the upside, with the stock now up 34.4%.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:41 pm

HOG

DA Davidson analyst Brandon Rolle has upgraded Harley-Davidson (NYSE:HOG) from Neutral to Buy and raised the price target from $38 to $47.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 1:38 pm

RDHL

RedHill Biopharma Ltd. (NASDAQ:RDHL) has announced a registered direct offering for the purchase and sale of 1,301,923 of the Company's American Depositary Shares (ADSs) at a purchase price of $1.35 per ADS. The company has also agreed to exercise its existing Class A warrants for 1,500,000 ADSs at a reduced exercise price of $1.35 per ADS. The transactions are expected to close on July 25, 2023, and are expected to generate approximately $3.8 million in gross proceeds.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:36 pm

MRTX

Mirati Therapeutics shares are trading lower following the announcement that the EMA's CHMP issued a negative opinion on the Conditional Marketing Authorization Application for KRAZATI, a treatment for patients with KRASG12C -mutated advanced NSCLC.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:35 pm

BIIB

GS

SCHW

On CNBC's 'Halftime Report Final Trades', Joshua Brown of Ritholtz Wealth Management named Biogen Inc. as the 4th cheapest stock in the Health Care Select Sector SPDR Fund XLV. Karen Firestone of Aureus Asset Management mentioned The Charles Schwab Corporation, which trades at 16 times next year’s earnings. Amy Raskin of Chevy Chase Trust named The Goldman Sachs Group, Inc. as her final trade. Goldman Sachs reported a 60% Y/Y plunge in second-quarter EPS, missing consensus.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 1:34 pm

CVNA

Carvana Co's CEO, Ernie Garcia III, welcomes the decline in used-car prices to protect the company's bottom line. The company plans to reduce debt, extend maturities, and sell stock. Carvana reported a Q2 FY23 sales decline of 23.6% YoY to $2.97 billion, beating the consensus estimate of $2.59 billion. The company's shares are trading higher by 4.62% at $48.89.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 1:33 pm

CEI

Camber Energy and Viking Energy have announced that their merger has been approved by shareholders, leading to a rise in Camber Energy's stock.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:33 pm

DWAC

SPY

The trial date for the case involving classified documents related to former President Trump has been set for May 20, 2024. The outcome of this case could potentially impact the stock performance of Digital World Acquisition Corp. (DWAC) and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:32 pm

PTON

Peloton has reduced the price of its Tread and Row devices by $500 and $200 respectively. The new prices are not sale prices but permanent ones. The price of the Peloton Bike, Bike+, and Guide remains unchanged. Customers who purchased the Tread or Row in the last 30 days can reach out to Peloton for a price match. The price drop is effective in the US and Canada. This is the first price change for the Tread in nearly a year and the third since Barry McCarthy became CEO. No reason was given for the price changes.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:29 pm

GOOG

GOOGL

MSFT

Alphabet Inc's Google stock is trading higher amid reports of co-founder Sergey Brin increasing his involvement in the company's AI research. Brin is actively participating in meetings about AI and working closely with researchers developing Google's AI model, Gemini. His involvement is viewed positively by researchers. Brin's return coincides with the release of ChatGPT, an AI chatbot by Microsoft-backed OpenAI, which prompted Google to accelerate product development.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 1:27 pm