Streetbeat News

Stock Prices

SOLUSD

Solana's (CRYPTO: SOL) price has risen 3.57% to $15.24 in the past 24 hours, despite a negative trend over the past week with a 15.0% loss. The trading volume has fallen 20.0% while the circulating supply increased 0.63% to 399.14 million. Solana's market cap ranking is #11 at $6.10 billion.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:00 pm

BTCUSD

Bitcoin's price has risen 3.88% to $26,337.00 in the past 24 hours, despite a negative trend over the past week. The trading volume has increased by 49.0%, while the circulating supply has decreased by 0.01%. The current market cap ranking for BTC is #1 at $511.55 billion.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:00 pm

HCM

HUTCHMED and Takeda announced the publication of positive Phase III FRESCO-2 results in The Lancet, showing fruquintinib reduced the risk of death by 34% in previously treated metastatic colorectal cancer.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:59 pm

AXTI

Needham analyst Charles Shi reiterated a Buy rating on AXT Inc (NASDAQ:AXTI) but lowered the price target to $5 from $8. Shi believes the stock is undervalued, trading at 0.6x its book value, which is an anomaly in the semiconductor sector. AXTI's revenue is expected to recover in 2024 after a decline in the InP business segment.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:50 pm

ABCM

Abcam shares are trading higher following strategic inquiries from multiple parties and an upgrade from B of A Securities to Buy with a $25 price target.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:47 pm

LEN

JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on Lennar Corp (NYSE:LEN) and raised the price target from $115 to $135. The company's 2Q23 normalized EPS of $2.94 beat the analyst consensus, and the revenue of $8.04 billion beat the consensus of $7.18 billion. The analyst believes that the resale inventory drought and millennial demographics will benefit builders for multiple years.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:39 pm

FRHC

Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq for failing to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2023. The company has 60 days to submit a plan to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:35 pm

IRNT

IronNet shares are trading higher after a joint venture affiliated with C5 proposed funding for operation shortfalls, management changes, and steps to remove the company from public securities markets.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:33 pm

INMD

LLY

NVO

Chris Camillo, host of DumbMoney.tv, discussed how he predicts social changes to drive investment decisions. He mentioned the shifting beauty standards driving weight loss and cosmetic stocks higher, with companies like Novo Nordisk, Eli Lilly, and Inmode benefiting from the trend.

Portfolio Pulse from Aaron Bry

June 16, 2023 | 6:31 pm

NNOX

Nano X Imaging (NNOX) sees a sweep of 263 July 21 $22.5 calls near the ask price at $1.3, compared to an open interest of 1232. Earnings are estimated to be released on August 15 before the market opens.

Portfolio Pulse from Charles Gross

June 16, 2023 | 6:31 pm