Streetbeat News

Stock Prices

SPY

Fed's Barkin comments on the current state of inflation, noting that pricing power in goods is waning while services firms are still exploring price increases. Shelter and services inflation are not yet at desired levels, but the latest inflation reading is encouraging.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:09 pm

HPE

Hewlett Packard Enterprise (HPE) shares are trading higher following the announcement of a collaboration with Danfoss to deliver HPE IT Sustainability Services – Data Center Heat Recovery.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:08 pm

SPY

Fed's Barkin indicates that inflation is on the decline, but it's challenging to determine the significance of recent inflation data.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:07 pm

BTCUSD

DOGEUSD

ETHUSD

Dogecoin experienced a significant 10% price drop, leading to $60 million in long trades being liquidated. This event was part of a broader sell-off in major cryptocurrencies, with Bitcoin and Ethereum also seeing substantial liquidations. The downturn is attributed to profit-taking and a stronger dollar, as well as expectations of a Fed rate cut prompting investors to move away from risky assets.

Portfolio Pulse from Murtuza Merchant

June 18, 2024 | 2:07 pm

AMD

AMD shares are trading lower following reports of a data breach.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:04 pm

BSX

SILK

Boston Scientific Corporation (NYSE:BSX) has agreed to acquire Silk Road Medical Inc (NASDAQ:SILK) for $1.3 billion, adding stroke prevention technology to its vascular portfolio. The acquisition price represents a 38% premium to Silk Road's recent average share price. The deal is expected to close in the second half of 2024, with Silk Road becoming a wholly-owned subsidiary of Boston Scientific.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:02 pm

RELI

Reliance Global Group shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:01 pm

SHOP

High-rolling investors are showing a bullish sentiment on Shopify (NYSE:SHOP) through significant options trades. Benzinga's options scanner identified 8 trades, with 87% being bullish. Analysts have mixed ratings, with price targets ranging from $65 to $75.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:01 pm

MSTR

Whales have shown a bullish stance on MicroStrategy (NASDAQ:MSTR) with significant options activity. 46% of trades were bullish, 34% bearish, with a notable volume of calls over puts. Analysts have mixed ratings with an average target price of $2609.0. The stock is currently neutral in RSI and down by -2.99% at $1462.13.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:01 pm

ADBE

Financial giants have shown significant interest in Adobe (NASDAQ:ADBE) through options trading, with a balanced sentiment of 46% bullish and 46% bearish. The majority of trades were calls, indicating a potential price range of $500 to $600. Analysts have mixed ratings, with target prices ranging from $525 to $650.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:01 pm