Streetbeat News

Stock Prices

META

Meta Platforms, Inc. (NASDAQ:META) shares have risen 3% over the past five days. Three significant court decisions this week impact Meta: a U.S. district judge rejected Meta's bid to dismiss a lawsuit over fake ads, the U.S. Supreme Court declined to limit government communication with social media platforms, and a U.S. appeals court ruled Meta must face a lawsuit over hiring practices. Despite legal challenges, Meta shares have gained over 45% year-to-date and are trading above their 50-day moving average.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:53 pm

CERE

TPX

Cerevel Therapeutics shares are trading higher amid rumors that the FTC's closed-door meeting may be about the company's merger with Tempur Sealy International.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:53 pm

MRK

The options market for Merck & Co (NYSE:MRK) shows a bullish sentiment among significant investors, with 56% of trades being bullish. The predicted price range for MRK is between $127.0 and $150.0 over the next three months. The stock is currently trading at $132.0, up by 0.38%, with an RSI suggesting it may be approaching overbought territory. Analysts have set an average price target of $155.0.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 7:49 pm

CMG

Chipotle Mexican Grill Inc. (NYSE:CMG) shares are trading lower following a 50-for-1 stock split. The split, effective after market close on Tuesday, aimed to enhance stock accessibility. Despite the decline, Chipotle remains a key player in the food industry with nearly 3,500 restaurants globally.

Portfolio Pulse from Vaishali Prayag

June 27, 2024 | 7:48 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower following a 1-for-30 reverse stock split. Despite a brief rally due to broader EV market news, the stock continues to fall and is down nearly 50% over the past month. The company faces challenges including removal from the Russell 3000 Index and declining financials.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:47 pm

ERJ

The FAA reported that an Embraer business jet went off the runway at Newark Airport, causing a temporary runway closure.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:46 pm

NKLA

Nikola shares are trading lower following a 1-for-30 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:46 pm

CNI

Canadian National Railway (NYSE:CNI) shares traded lower following a train derailment in Matteson, Illinois. No injuries were reported, but a 'white powdery substance' was seen leaking. Residents are under a mandatory evacuation order. CNI shares have decreased by 2.53% in the past year and are down 0.76% at $117.34.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:45 pm

BRCC

Traders are closely monitoring BRC Inc. (BRCC) after Tucker Carlson mentioned the company as a sponsor in a recent X post. This mention could influence investor sentiment and trading activity around BRCC.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:41 pm

SPY

IMF's Georgieva suggests the potential for one Federal Reserve rate cut in 2024, with further cuts possible in 2025. This could impact market sentiment and investor expectations.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:34 pm