Streetbeat News

Stock Prices

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has executed a 50-for-1 stock split, reducing its share price from around $3,300 to about $65-$70. Jim Cramer recommends holding the stock, while Michael Khouw discusses the impact on options trading. Reddit users are also strategizing on how to leverage the split.

Portfolio Pulse from Surbhi Jain

June 25, 2024 | 4:29 pm

RIVN

TSLA

Guggenheim initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) with a Buy rating and a price target of $18, citing potential market leadership and appealing to younger consumers. Analyst Ronald Jewsikow highlighted financial inflection points, reduced cash burn, and the upcoming R2 and R3 EV models as key growth drivers. Rivian's brand power is compared to Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from Adam Eckert

June 25, 2024 | 4:27 pm

AVGO

Stephanie Link announced on CNBC that she has trimmed her position in Broadcom (AVGO).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:26 pm

RGS

Regis Corporation (RGS) shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 206.9%.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:25 pm

GME

GameStop shares are experiencing a decline, likely due to ongoing volatility following the company's annual meeting held last week.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:23 pm

SEDG

SolarEdge Technologies (NASDAQ: SEDG) announced a $300 million private offering of convertible notes, leading to a significant drop in its stock price. Analysts from Goldman Sachs, Truist, JP Morgan, Scotiabank, and Canaccord Genuity updated their ratings and price targets, reflecting concerns over the company's lowered free cash flow guidance for Q2.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 4:23 pm

DVN

Bryn Talkington announced on CNBC that she has bought more shares of Devon Energy.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:22 pm

MMM

Josh Brown announced live on CNBC that he has bought shares of 3M (MMM).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:21 pm

NKLA

Nikola shares are trading lower after the company implemented a 1-for-30 reverse stock split. The stock was halted on Monday and resumed trading on June 25.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:21 pm

BIIB

Biogen Inc. (BIIB) has up to $10 billion available for mergers and acquisitions (M&A) as it seeks to expand its portfolio. This move indicates Biogen's strategic focus on growth through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:20 pm