Streetbeat News

Stock Prices

SMG

Truist Securities analyst Bill Chappell has upgraded Scotts Miracle-Gro Co (NYSE:SMG) from Hold to Buy, raising the price target from $65 to $80. Despite a 40% gain year to date, the shares are considered among the most oversold materials stocks. Chappell believes that the company, which has a 60% market share in North America, is poised to benefit from the post-pandemic reversion of the US Consumer segment. He also predicts that 2024 could be the best year ever for the lawn and garden category.

Portfolio Pulse from Priya Nigam

July 11, 2023 | 3:21 pm

PRFX

Shares of PainReform (PRFX) have been halted again on a circuit breaker to the downside, with the stock now down 100.0%.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:21 pm

ETSY

Etsy's shares are trading higher after JMP Securities reiterated its Market Outperform rating and $130 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:21 pm

PRFX

Shares of PainReform (PRFX) were halted on a circuit breaker to the upside, with the stock now up 125.4%.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:15 pm

HBI

HanesBrands Inc has appointed Scott Lewis as the Chief Financial Officer. Lewis, who has been serving as the interim CFO, will also continue in his role as Chief Accounting Officer. He brings over 25 years of financial leadership experience to the role. Following the announcement, HBI shares are trading higher by 484% at $4.74.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 3:15 pm

ATVI

A US judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction to stop Activision Blizzard's deal with Microsoft. This news has led to a rise in Activision Blizzard's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:12 pm

CHWY

There has been a significant options activity on Chewy Inc. (CHWY) with a sweep of 2000 calls at $38 strike price expiring on Friday. This is against an open interest of 398. The company is expected to announce its earnings on August 29 after market close.

Portfolio Pulse from Charles Gross

July 11, 2023 | 3:10 pm

MSFT

SONY

Microsoft Corp. (NASDAQ:MSFT) has reintroduced its $1 deal for the first month of Xbox's Game Pass Ultimate subscription, following a price hike in the subscription and an increase in the cost of the Xbox Series X console. The move comes as Microsoft aims to attract more subscribers and plans to release at least one new exclusive game every upcoming quarter.

Portfolio Pulse from Franca Quarneti

July 11, 2023 | 3:05 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher on heavy volume, with over 28 million shares traded, surpassing the 100-day average of 13.1 million shares. The increase in interest is due to potential political and legislative changes in the cannabis market. Senate Majority Leader Chuck Schumer stated that passing a marijuana banking bill is a goal of the upcoming summer work session. Canopy Growth is also an exhibitor at the Opal Group's Family Office & Private Wealth Management Forum 2023.

Portfolio Pulse from Erica Kollmann

July 11, 2023 | 3:05 pm

AMZN

SPY

Amazon.com, Inc. (NASDAQ:AMZN) launched its first Amazon Prime Day on July 15, 2015. Since then, the stock has performed well, with a $1,000 investment in Amazon stock on its first Prime Day now worth $5,470.40, representing a return of 447% over the last eight years. In comparison, the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500, is up 108.1% over the same time period, not including dividends.

Portfolio Pulse from Chris Katje

July 11, 2023 | 3:04 pm