Streetbeat News

Stock Prices

BROS

Dutch Bros's (NYSE:BROS) short interest has fallen 12.8% to 8.45% of its float. This indicates a more bullish sentiment compared to its peers, whose average short interest is 10.25%. It would take traders 2.78 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 8:30 pm

GILD

NVDA

SOXX

SPY

TSLA

This week in the market saw the S&P 500 and Nasdaq 100 indices reach new historic highs, driven by strong performance in the technology and semiconductor sectors. Nvidia (NVDA) ended its eight-week winning streak, dropping over 4%, which also impacted the iShares Semiconductor ETF (SOXX). Gilead Sciences (GILD) was the top performer in the S&P 500 due to positive data on its HIV prevention drug. Oil prices rebounded, and the SPDR S&P 500 ETF Trust (SPY) saw significant outflows. Tesla (TSLA) continues to invest heavily in AI hardware.

Portfolio Pulse from Piero Cingari

June 21, 2024 | 8:18 pm

AIEV

FLFV

Thunder Power Holdings has completed its business combination and will begin trading on Nasdaq under the ticker 'AIEV'.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:18 pm

SMLR

Semler Scientific (NYSE:SMLR) has seen a significant increase in short interest, rising 123.04% since its last report. The company now has 477 thousand shares sold short, representing 8.52% of its float. This increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 8:15 pm

EPOW

Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:14 pm

OMIC

Singular Genomics Systems, Inc. (OMIC) has announced a 1-for-30 reverse stock split, which will reduce the number of outstanding shares and potentially increase the stock price per share. This move is often aimed at meeting minimum stock price requirements for continued listing on exchanges.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:08 pm

SENS

Senseonics has revised its FY24 net revenue forecast to $22M-$24M, which is below the previous estimate of $26.010M.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:08 pm

AAPL

AMZN

GOOG

IWD

IWF

META

MSFT

NVDA

Growth stocks have significantly outperformed value stocks in June 2024, driven by strong performance in the technology sector and AI-related industries. The iShares Russell 1000 Growth ETF (IWF) surged by 6.5%, while the iShares Russell 1000 Value ETF (IWD) declined by 1.4%. Key drivers include the dominance of tech stocks, particularly chipmakers, and the absence of major tech companies in value ETFs.

Portfolio Pulse from Piero Cingari

June 21, 2024 | 8:06 pm

C

Market whales have shown a bullish stance on Citigroup (NYSE:C) with significant options trading activity. 52 trades were detected, with 50% bullish and 42% bearish. The major market movers are focusing on a price band between $30.0 and $70.0. Citigroup is currently trading at $59.73, down by 1.47%, with an RSI suggesting it may be approaching oversold. Analysts have set an average price target of $66.5.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 8:02 pm

JBL

In the past three months, five analysts have released ratings for Jabil (NYSE:JBL), showing a range of perspectives from bullish to bearish. The average 12-month price target is $134.4, down 7.82% from the previous $145.80. Analysts have recently lowered their price targets and ratings for Jabil, reflecting a cautious outlook. Despite a decline in revenue growth, Jabil maintains strong net margins, ROE, and ROA, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 8:01 pm