Streetbeat News

Stock Prices

SHOP

Deep-pocketed investors are showing significant interest in Shopify (NYSE:SHOP) options, with a notable increase in both call and put activities. The sentiment is mixed but leans slightly bullish. The price range of interest is between $57.0 and $120.0. Shopify's stock is currently up 2.2% at $69.81, with RSI indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:31 pm

IR

Ingersoll Rand (NYSE:IR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.01%. A $1000 investment in IR stock 5 years ago would be worth $2,958.64 today. The company's current market capitalization is $35.61 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:30 pm

ESI

Element Solutions (NYSE:ESI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.66%. A $100 investment in ESI 5 years ago would be worth $280.77 today. The company's current market capitalization is $6.08 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:30 pm

BA

GCAD

ITA

Moody's and S&P have expressed doubts about Boeing's ability to meet its 737 MAX production target of 38 jets per month by 2024, citing risks such as labor disruptions. Analysts predict Boeing will reach this target by the second half of 2025. Despite these concerns, no immediate credit downgrade is expected. Boeing's stock is trading nearly flat, with a slight decrease of 0.58%. Investors can gain exposure to Boeing through the Gabelli Commercial Aerospace And Defense ETF (GCAD) and iShares U.S. Aerospace & Defense ETF (ITA).

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 3:30 pm

BA

Boeing shares are trading higher after the company announced its July order and delivery figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:26 pm

CSLR

SPWR

SunPower Corporation (NASDAQ:SPWR) shares are trading lower after the company received a Nasdaq delisting notification due to non-compliance with listing rules and filing for Chapter 11 bankruptcy. Trading on Nasdaq will be suspended on Aug. 16, 2024, and the stock will move to the Pink Open Market. SunPower has also entered an asset purchase agreement with Complete Solaria, Inc. (NASDAQ:CSLR).

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 3:19 pm

APLM

Apollomics Inc. (NASDAQ: APLM) saw a significant stock surge on Tuesday following the announcement of promising preliminary clinical data from its Phase 2 SPARTA trial of vebreltinib. The trial showed a 43% objective response rate in patients with non-CNS MET fusion solid tumors, including one complete response and five partial responses. The company is now evaluating further development opportunities for vebreltinib.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 3:18 pm

CMG

SBUX

Starbucks analysts are mixed on the appointment of Brian Niccol, former CEO of Chipotle, as the new CEO of Starbucks. While some analysts see potential for positive change, others are cautious, noting the differences between the two companies. Niccol's track record at Chipotle is impressive, but Starbucks presents unique challenges. The stock price of Starbucks saw a premature jump, while Chipotle's stock declined following the news.

Portfolio Pulse from Chris Katje

August 13, 2024 | 3:18 pm

JPM

Deep-pocketed investors are showing a bullish trend towards JPMorgan Chase (NYSE:JPM), with significant options activity indicating potential big moves. Benzinga's options scanner highlighted 11 extraordinary options activities, with 54% bullish sentiment. Analysts have set price targets ranging from $215 to $226.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:16 pm

JAGX

Jaguar Health Inc (NASDAQ:JAGX) shares dropped 10% to $1.08 after reporting worse-than-expected Q2 results. The company posted a loss of $4.04 per share, missing the analyst estimate of a $1.11 loss. Sales were $2.72 million, below the $3.94 million estimate but up 1.6% year-over-year. Despite some operational improvements, the stock's performance reflects investor disappointment.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 3:15 pm