Streetbeat News

Stock Prices

BITB

GBTC

IBIT

Bitcoin's price dropped 4% on Tuesday, raising questions about the cause and future trajectory. Analysts are divided, with some calling it a 'scam dump' and others seeing it as a buying opportunity ahead of key economic data releases and the Federal Reserve's interest rate decision. Notably, Grayscale ETF (GBTC) experienced significant outflows, while Bitwise ETF (BITB) and BlackRock ETF (IBIT) saw inflows.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 12:55 pm

KPRX

Trading for Kiora Pharmaceuticals, Inc. (KPRX) was halted at 8:55:00 AM ET. The halt status has been updated, and trading is set to resume following the release of news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:55 pm

ORCL

Oracle Corporation (NYSE:ORCL) is set to release its Q4 earnings, with analysts expecting a slight decrease in EPS compared to last year. The company has missed revenue expectations for three consecutive quarters. Oracle recently announced plans to open two new Oracle Cloud Regions in Morocco. The article also discusses how investors can earn $500 monthly from Oracle's dividends, which currently yield 1.29%. Oracle's stock fell 1.1% to $124.50 on Monday.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:48 pm

MCFT

SNOW

VFC

The article highlights notable insider trades in Snowflake Inc. (SNOW), MasterCraft Boat Holdings, Inc. (MCFT), and V.F. Corporation (VFC). Insider purchases often indicate confidence in the company's prospects. Snowflake's director bought $9.99M worth of shares, MasterCraft's 10% owner bought $2.54M worth of shares, and V.F. Corporation's CEO bought $997,407 worth of shares.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:45 pm

APLT

INSM

LLY

TMDX

As of June 11, 2024, four health care stocks—Applied Therapeutics Inc (APLT), Eli Lilly And Co (LLY), Insmed Inc (INSM), and TransMedics Group Inc (TMDX)—are considered overbought based on their RSI values. These stocks have shown significant recent gains, which may be a warning sign for momentum-focused investors.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:44 pm

OXM

Top Wall Street forecasters have updated their expectations for Oxford Industries (NYSE:OXM) ahead of its Q1 fiscal 2024 earnings release. Analysts predict earnings of $2.69 per share, down from $3.78 a year ago, and revenue of $405.61 million. The company previously reported weak Q4 results and issued soft Q1 guidance. Recent analyst ratings include a Market Perform from Telsey Advisory Group, a downgrade to Sell from Citigroup, and Neutral ratings from UBS and BTIG.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:43 pm

VCIG

VCI Global shares are trading higher following the company's announcement of plans to build AI computing data centers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:41 pm

VCIG

VCI Global has announced a strategic plan to build AI computing data centers to meet intense computational demands and drive the next industrial revolution.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:39 pm

CVGW

KITT

PIXY

Calavo Growers, Inc. (NASDAQ:CVGW) shares surged 11.6% in pre-market trading after reporting strong Q2 financial results with a 16.5% increase in net sales and a significant rise in adjusted net income. Other notable pre-market movers include ShiftPixy, Inc. (NASDAQ:PIXY), Nauticus Robotics, Inc. (NASDAQ:KITT), and Target Hospitality Corp. (NASDAQ:TH), among others.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:39 pm

AMAT

DELL

HPE

JPM

Insiders from Dell Technologies, JPMorgan Chase, Applied Materials, and Hewlett Packard Enterprise have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include Dell's CEO selling $198.2 million worth of shares, JPMorgan's Chief Risk Officer selling $1.01 million, Applied Materials' SVP selling $554,050, and Hewlett Packard Enterprise's Director selling $975,500.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:38 pm