Streetbeat News

Stock Prices

VMAR

Vision Marine's short interest has decreased by 51.37%, with 8,000 shares sold short, representing 1.6% of its float. This is lower than its peers' average short interest of 3.49%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:30 pm

TFX

Teleflex (NYSE:TFX) has seen a 32.29% increase in its short interest, now at 2.54% of its float. This is below the peer group average of 4.24%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:30 pm

NRXS

Neuraxis shares rose following the announcement of a new CPT category I code for percutaneous electrical nerve field stimulation, potentially enhancing the company's market position.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:28 pm

BELT

CMG

IEDI

Chipotle Mexican Grill, Inc. (NYSE:CMG) is implementing an AI-enhanced hiring platform across its 3,500 locations, reducing recruitment time by 75%. The platform, developed in partnership with Paradox, aims to streamline hiring processes, reduce costs, and improve candidate experience. This move supports Chipotle's expansion goals in North America.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 4:27 pm

RIVN

JPMorgan analysts have lowered their price target for Rivian Automotive Inc (NASDAQ:RIVN) from $14 to $12 due to concerns over demand and production disruptions. Rivian's recent delivery numbers showed a significant decline, and the company has reduced its annual production guidance. Despite this, Rivian maintains its 2024 delivery guidance, suggesting unchanged demand. The analysts warn that these trends could impact Rivian's growth stock multiple.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 4:24 pm

PHUN

RUM

Shares of Rumble and Phunware are trading higher due to positive sentiment linked to Trump Media & Technology Group's performance.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:24 pm

DGX

HRI

IGMS

IRTC

MLI

ZION

Quest Diagnostics and several other major stocks saw significant gains on Tuesday despite a general market downturn. Quest Diagnostics reported better-than-expected Q3 results, leading to a 7.1% stock increase. Other notable gainers included iRhythm Technologies, IGM Biosciences, and General Motors, all reporting positive news or results.

Portfolio Pulse from Avi Kapoor

October 22, 2024 | 4:23 pm

HIMS

Hims & Hers Health Inc. (NYSE:HIMS) has seen a significant stock price increase over the past year, but its high P/E ratio compared to industry averages suggests potential overvaluation. Investors should consider multiple metrics when evaluating the stock's value.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:16 pm

PYPL

The options market indicates a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL), with 60% of big-money traders taking a bearish stance. Uncommon options trades were detected, with a focus on a price range of $70 to $95. The stock is currently trading at $81.07, up by 0.63%, and may be approaching overbought territory. Earnings are expected in 7 days.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:16 pm

SPOT

The options market for Spotify Technology (NYSE:SPOT) shows a bearish sentiment with 55% of traders leaning bearish. Significant trades include 2 puts valued at $172,448 and 7 calls valued at $815,256. Analysts have mixed ratings, with price targets ranging from $340 to $490. The stock is currently trading at $383.63, up 0.43%, with an RSI indicating a potential overbought condition.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:15 pm