Streetbeat News

Stock Prices

SMCI

Supermicro, Inc. (NASDAQ:SMCI) has announced a comprehensive liquid cooling solution aimed at reducing total cost of ownership (TCO) and energy consumption for data centers, particularly those running large AI clusters. This solution includes various components like Coolant Distribution Units and management software, and has already seen over 2,000 liquid-cooled racks delivered since June 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:51 pm

PINS

RDDT

SNAP

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit, Inc (NYSE:RDDT) with a raised price target of $77, citing strong fundamentals but valuation concerns. Reddit's ad performance and revenue growth are positive, but the stock is approaching fair valuation.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 3:48 pm

AMSC

American Superconductor (NYSE:AMSC) has seen a 3.0% increase in its short percent of float, now at 7.2%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 10.27%.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 3:45 pm

PH

Parker Hannifin's short interest has increased by 7.14%, with 1.16 million shares sold short, representing 0.9% of its float. This is lower than the peer group average of 2.56%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 3:45 pm

KEY

KeyCorp's short interest has decreased by 22.41%, with 16.69 million shares sold short, representing 2.32% of its float. This is higher than its peers' average of 1.65%. The decrease in short interest may indicate a more bullish sentiment towards KeyCorp.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 3:45 pm

SILA

Sila Realty Trust Inc (NYSE:SILA) received a positive outlook from Truist Securities, with analyst Michael Lewis initiating coverage with a Buy rating and a $29 price target. The company is praised for its diversified healthcare real estate portfolio and lowest financial leverage, suggesting attractive risk-adjusted returns.

Portfolio Pulse from Priya Nigam

October 07, 2024 | 3:45 pm

SOBR

SOBR Safe shares experienced a significant surge, triggering a circuit breaker as the stock rose by 175.3%.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:45 pm

WEST

Truist Securities analyst Bill Chappell initiated coverage of Westrock Coffee Co (NASDAQ:WEST) with a Buy rating and a $10 price target, highlighting the company's strategic shift to ready-to-drink (RTD) beverages. The new facility in Conway, Arkansas, positions Westrock for margin expansion, as RTD products offer higher margins than traditional coffee. Despite a 5.55% decline in share price, the analyst is optimistic about Westrock's potential in the RTD market.

Portfolio Pulse from Priya Nigam

October 07, 2024 | 3:43 pm

USO

Oil prices are rising due to tensions in the Middle East, leading to supply uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:43 pm

UBER

Uber Technologies shares rose following Truist Securities' decision to maintain a Buy rating and increase the price target from $88 to $99.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:42 pm