Streetbeat News

Stock Prices

TEM

Tempus AI shares are experiencing a decline due to post-IPO volatility.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:54 pm

IRTC

iRhythm Technologies shares are trading higher after the company announced a corporate milestone with the launch of the initial phases of its manufacturing automation plans.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:53 pm

MU

Micron Technology Inc (NASDAQ:MU) shares surged after Wedbush analyst Matt Bryson raised the price target from $130 to $170, anticipating a strong earnings report next week. Bryson expects higher-than-expected average selling prices for NAND and DRAM, leading to earnings of 64 cents per share and revenue of $6.93 billion, surpassing consensus estimates. The analyst predicts continued strength in the fourth quarter and believes memory will remain in undersupply through 2025, driving higher prices, revenue, margins, and EPS.

Portfolio Pulse from Adam Eckert

June 18, 2024 | 2:51 pm

BTCUSD

SPY

Jim Bianco from Bianco Research claims that most Bitcoin ETF buyers are retail investors, not institutional ones. This is evidenced by the small average trade size of $14,600. Retail investors are more likely to panic sell, potentially increasing market volatility. Recent trends show Bitcoin ETF outflows and falling prices, with the next significant event being the FOMC meeting on July 31.

Portfolio Pulse from Khyathi Dalal

June 18, 2024 | 2:49 pm

DJT

Trump Media & Technology Group shares are trading lower amid ongoing volatility.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:48 pm

BAC

Recent options trading trends for Bank of America (NYSE:BAC) show a significant bearish sentiment, with 68% of trades being bearish. The stock is currently trading at $39.8, with a consensus target price of $41.5. Analysts have mixed ratings, with Piper Sandler holding an Underweight rating and Keefe, Bruyette & Woods upgrading to Outperform.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:46 pm

VRT

Whales have shown a bullish stance on Vertiv Holdings (NYSE: VRT) with significant options activity. 47% of trades were bullish, and 41% were bearish. The price range targeted by these trades is between $75.0 and $125.0. The stock is currently trading at $90.88, up by 1.49%. Analysts have an average target price of $105.0.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:46 pm

BIDU

Investors have taken a bullish stance on Baidu (NASDAQ:BIDU) with significant options activity detected. Benzinga's options scanner spotted 13 uncommon options trades, with a sentiment split of 53% bullish and 30% bearish. The price range eyed by big players is between $80.0 and $165.0. Baidu's stock is currently down 1.24% at $90.28, with RSI indicators suggesting it may be oversold. An analyst from Susquehanna maintains a Positive rating with a price target of $135.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:45 pm

AMZN

CVS

VCR

WBA

XLY

Amazon has expanded its Prime RxPass subscription service to over 50 million Medicare beneficiaries, promising significant savings and convenience. This move could lead to a nearly $2 billion reduction in Medicare spending if all eligible beneficiaries switch to RxPass. The service aims to improve medication adherence and health outcomes, while competing with established players like CVS Health and Walgreens Boots Alliance.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:44 pm

DIS

DKNG

Dave Portnoy won nearly $1.5 million by betting on the Boston Celtics to win the NBA Championship through DraftKings. Meanwhile, rapper Drake lost $500,000 on a bet placed on the Dallas Mavericks. The Walt Disney Company benefited from high viewership of the NBA Finals and the ongoing NHL Playoffs.

Portfolio Pulse from Chris Katje

June 18, 2024 | 2:44 pm