Streetbeat News

Stock Prices

GEO

Citron Research has posted on X that GEO Group's stock should be trading at over $20, citing a New York Post headline about DHS identifying 400 migrants smuggled into the US by an ISIS-affiliated network.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:54 pm

MSFT

NVDA

Microsoft has reclaimed its position as the world's most valuable public company, surpassing Nvidia. Microsoft's stock surged 8% in June, while Nvidia's stock declined by 14%. The competition for market dominance among tech giants like Microsoft, Nvidia, and Apple is intensifying.

Portfolio Pulse from Zaheer Anwari

June 26, 2024 | 1:50 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is set to announce a new lineup of lower-cost vehicles, potentially adding 100,000 units to its annual volumes. Goldman Sachs analyst Mark Delaney suggests these new models could include a smaller Model 3, a van, and a robotaxi. The new models are expected to be priced between $25,000 and $35,000, targeting new consumer segments. Despite the optimistic forecasts, Goldman Sachs maintains a 'Neutral' rating on Tesla with a 12-month price target of $175.

Portfolio Pulse from Piero Cingari

June 26, 2024 | 1:45 pm

IJH

SCHD

WHR

Whirlpool Corp (NYSE: WHR) stock surged on Wednesday following reports that Robert Bosch GmbH is considering a bid for the U.S. appliance manufacturer. This potential acquisition would enhance Bosch's presence in the white goods market. Whirlpool has recently restructured its operations and sold off some of its businesses. The stock has lost over 39% in the last 12 months but gained 17.50% on the news. Investors can also gain exposure to Whirlpool through the iShares Core S&P Mid-Cap ETF (NYSE: IJH) and the Schwab US Dividend Equity ETF (NYSE: SCHD).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 1:38 pm

SVRA

Savara Inc (NASDAQ: SVRA) announced that its Phase 3 IMPALA-2 trial for molgramostim, a treatment for autoimmune pulmonary alveolar proteinosis (aPAP), met its primary endpoint. The trial showed statistically significant improvements in lung function and quality of life measures. As a result, SVRA shares surged 30% in premarket trading.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 1:36 pm

SEZL

Sezzle shares are trading higher after B. Riley Securities initiated coverage with a Buy rating and a price target of $113.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:35 pm

CRBP

Corbus Pharmaceuticals shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and a price target of $85.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:35 pm

ALTM

Arcadium Lithium shares are trading higher after RBC Capital initiated coverage with an Outperform rating and announced a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:34 pm

MAX

MediaAlpha shares are trading lower after TD Cowen downgraded the stock from Buy to Hold and lowered its price target from $19 to $13.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:34 pm

VIAV

Viavi Solutions shares are trading lower after Rosenblatt downgraded the stock from Buy to Neutral and lowered the price target from $10 to $8.25.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:34 pm