Streetbeat News

Stock Prices

WEX

WEX's short interest has risen by 31.51% since its last report, with 717 thousand shares sold short, representing 1.92% of its float. This increase in short interest could indicate bearish sentiment among investors. However, WEX's short interest is still lower than the peer group average of 5.81%.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 2:00 pm

PRCT

PROCEPT BioRobotics (NASDAQ:PRCT) has received mixed analyst reviews over the last quarter, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target is $75.75, up from $70.75 previously. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Despite strong revenue growth, the company faces challenges in profitability and return metrics.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 2:00 pm

SPY

USA Factory Orders for June decreased by 3.3%, which is worse than the estimated decline of 2.7% and significantly lower than the prior month's decrease of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 2:00 pm

NXE

NexGen Energy (NYSE:NXE) has announced that the construction costs for its Rook I uranium project in Saskatchewan have increased by nearly 70%, now totaling $1.6 billion. Operating costs are also projected to nearly double. Despite these increases, the project remains one of the largest and lowest-cost uranium mines globally. The project has received provincial environmental approval and is awaiting federal review.

Portfolio Pulse from Stjepan Kalinic

August 02, 2024 | 1:59 pm

FYBR

Frontier Communications (NASDAQ: FYBR) reported Q2 revenue growth of 2.1% YoY to $1.48 billion, beating estimates. However, EPS loss of $(0.49) missed expectations. The company saw significant growth in fiber broadband revenue and customer base, leading to an annual guidance hike. Despite these gains, FYBR shares traded lower by 3.74%.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:54 pm

AAPL

BIAF

GPAK

OSTX

VINE

VSEE

XCUR

U.S. stocks traded lower with the Dow Jones index dipping over 400 points. Apple reported better-than-expected earnings. VSee Health, Exicure, and OS Therapies saw significant stock price increases, while bioAffinity Technologies, Gamer Pakistan, and Fresh Vine Wine experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:52 pm

TDS

Telephone And Data Systems, Inc (NYSE:TDS) reported Q2 fiscal 2024 revenues of $1.238 billion, slightly below the analyst consensus of $1.240 billion, and a loss of 13 cents per share, in line with expectations. UScellular revenues declined by 3%, while TDS Telecom segment revenues grew by 4% due to broadband investments. TDS expects UScellular service revenues of $2.95 billion-$3.05 billion and TDS Telecom operating revenues of $1.05 billion-$1.08 billion for FY24. TDS shares have gained 169% in the last 12 months but are trading lower by 1.47% premarket.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:51 pm

LEEEF

LEEF Brands, a Canadian cannabis company, reported financial results for Q2 2024, showing a net sales decrease to $7.9 million from $9.3 million YoY. Despite this, the company was cash flow positive for the third consecutive quarter and reduced its net loss to $3.9 million from $20.3 million YoY. Adjusted EBITDA improved to $437,138. LEEF shares closed 6.67% lower at $0.0070 per share.

Portfolio Pulse from Nina Zdinjak

August 02, 2024 | 1:50 pm

SPY

Senator Warren criticized Fed Chair Powell for not cutting interest rates, warning that delaying could harm the economy. She emphasized that job data indicates urgent action is needed.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:44 pm

VWAGY

Audi's upcoming China-specific EV series will not feature its iconic four-ring logo, reflecting a shift towards local suppliers and technologies. The series, internally known as 'Purple,' will be developed in collaboration with SAIC and feature components from CATL and Momenta. This move aims to strengthen Audi's position in the competitive Chinese EV market.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:41 pm