Streetbeat News

Stock Prices

DVN

Devon Energy's short interest has increased by 9.72%, with 19.20 million shares sold short, representing 3.5% of its float. This is below the peer group average of 6.72%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:45 pm

META

Meta Platforms Inc. (NASDAQ:META) experienced a Power Inflow, indicating a potential uptrend as institutional investors show interest. The stock rose 1.4%, closing at the day's high. This event is seen as a bullish signal by traders using order flow analytics.

Portfolio Pulse from Finit

October 04, 2024 | 7:35 pm

TXN

Deep-pocketed investors are showing a bearish sentiment towards Texas Instruments (NASDAQ:TXN) with significant options trading activity. The options activity is unusual, with 55% of trades being bearish. The stock is currently trading at $206.0, up by 2.15%, but may be approaching overbought levels.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:32 pm

NFLX

Deep-pocketed investors are showing a bearish trend towards Netflix (NASDAQ:NFLX) through options trading, with significant activity detected by Benzinga's options scanner. The sentiment is mixed, with 38% bearish and 33% bullish. Analysts have set price targets ranging from $635 to $760, while the stock is currently trading at $716.63.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:32 pm

NKE

Nike Inc (NYSE:NKE) shares dropped 8% this week due to a first-quarter revenue miss, despite beating earnings expectations. The company reported a 10% year-over-year revenue decline, with significant drops in key markets. Nike also withdrew its full-year guidance, citing slower digital traffic and retail sales. Leadership changes add to investor uncertainty.

Portfolio Pulse from Henry Khederian

October 04, 2024 | 7:29 pm

DUO

Fangdd shares fell after the company announced a $5 million direct offering of 3.125 million shares at $1.60 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 7:16 pm

LMT

Lockheed Martin's stock price is currently at $605.14, with a slight decrease of 0.11%. Over the past month, it increased by 6.80%, and by 38.63% over the past year. The company's P/E ratio is 21.99, lower than the Aerospace & Defense industry average of 85.93, suggesting potential undervaluation or lower growth expectations.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:16 pm

SAGE

Sage Therapeutics' stock is experiencing a decline following a downgrade by RBC Capital from Sector Perform to Underperform, with a price target reduction from $10 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 7:14 pm

EVGO

EVgo shares rise as TD Cowen upgrades the stock from Hold to Buy, increasing the price target from $5 to $7.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 7:12 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) reported a 5% increase in Bitcoin production for September, mining 705 Bitcoins. The company's hash rate rose to 36.9 EH/s, with a goal of 50 EH/s by the end of 2024. MARA shares surged 5.53% amid significant options activity.

Portfolio Pulse from Vaishali Prayag

October 04, 2024 | 7:08 pm