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Stock Prices

ETRN

Equitrans Midstream's stock is trading lower following a US Appeals Court decision to block the construction of the Mountain Valley Pipeline in Jefferson National Forest. The company warns that this could affect Mountain Valley's ability to complete construction by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:37 am

VRDN

Viridian shares are trading lower following the release of mixed interim data from the Phase 1/2 trial of VRDN-001 in chronic thyroid eye disease.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:32 am

AFRM

Mizuho has raised the price target for Affirm Holdings from $17 to $20, while maintaining the Buy rating. This has resulted in a rise in Affirm's stock trading.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:31 am

WDFC

WD-40 reported third quarter results that exceeded expectations, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:30 am

ALLG

ETRN

IOVA

JBLU

NVO

NYAX

VOXX

VRDN

Several stocks are recording losses in today's pre-market trading session. These include Viridian Therapeutics, VOXX International, Iovance Biotherapeutics, Equitrans Midstream, Allego, Nayax, JetBlue Airways, Novo Nordisk, and Alcoa Corporation. The reasons for the declines vary from disappointing quarterly results to downgrades by research firms.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:21 am

UBER

Uber's CFO, Nelson Chai, plans to leave the company, marking the most significant executive departure since Uber's IPO in 2019. Chai played a crucial role in improving Uber's earnings, cash flow, and operating profitability. Under his tenure, Uber made significant acquisitions and achieved its first-ever quarter of positive adjusted Ebitda. Uber's Q1 FY23 revenue grew by 29% YoY to $8.82 billion, beating the consensus of $8.72 billion.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:20 am

JBLU

Evercore ISI Group analyst Duane Pfennigwerth has downgraded JetBlue Airways (NASDAQ:JBLU) from In-Line to Underperform and set a new price target of $8.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 11:04 am

BABA

XIACF

XIACY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China's science and technology ministry's meeting with firms including Xiaomi Corp (OTC:XIACF) (OTC:XIACY), iFlytek, and Alibaba Cloud to discuss innovation and national strategic scientific and technological initiatives. Alibaba is considering selling shares of Ant Group back to the fintech company, which has proposed a $6 billion share repurchase program. Alibaba Cloud generated nearly $12 billion of revenue for the company in FY22.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:03 am

AAPL

AMD

AMZN

MSFT

NVDA

QQQ

SPY

US stock futures are set to open in green on Tuesday as traders anticipate benign June inflation data. The Nasdaq Composite, Dow Industrials, S&P 500 Index, and Russell 2000 all saw gains on Monday. Wharton professor Jeremy Siegel predicts a slowdown in the second half of the year but not a dramatic downturn. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw slight gains. Stocks of Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), and Amazon (AMZN) are in focus due to various reasons.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 10:56 am

VOXX

VOXX International Corporation reported a Q1 FY24 revenue decline of 13.1% Y/Y to $111.9 million, missing the consensus of $122.3 million. Net sales declined in both the Automotive Electronics and Consumer Electronics segments. The company reported a loss per share of $(0.45), missing the consensus loss of $(0.22). VOXX shares traded lower by 13.7% to $9.79 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 10:53 am