Streetbeat News

Stock Prices

Toronto-Dominion Bank shares are trading higher following Thursday's earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 6:49 pm

AKAN

DECK

GNLX

MRUS

TLSI

VSTM

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. Notable stock movements included Akanda Corp. (AKAN) rising 34% after a reverse stock split, Merus N.V. (MRUS) surging 34% following an abstract publication, and Deckers Outdoor Corporation (DECK) increasing 13% due to strong quarterly results. Conversely, Verastem, Inc. (VSTM) shares plummeted 65% after initiating a rolling NDA submission, TriSalus Life Sciences, Inc. (TLSI) fell 21% amid an exchange offer, and Genelux Corporation (GNLX) dropped 41% following a stock offering announcement.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 6:47 pm

PANW

Palo Alto Networks shares are trading higher after a previous decline due to quarterly earnings. RBC Capital reiterated its Outperform rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 6:44 pm

DOGEUSD

FLOKIUSD

SHIBUSD

SOLUSD

Kabosu, the Shiba Inu dog that inspired the Doge meme and Dogecoin, has passed away at the age of 18. Tributes poured in from various sources, including Elon Musk and Dogecoin co-creator Billy Markus. Musk's tweet caused a brief spike in Dogecoin's price.

Portfolio Pulse from Chris Katje

May 24, 2024 | 6:42 pm

NVDA

QCOM

Qualcomm shares rose by around 4% following NVIDIA's impressive earnings report, which beat expectations. The semiconductor industry experienced a surge as investors reacted positively to NVIDIA's robust financial performance.

Portfolio Pulse from Vaishali Prayag

May 24, 2024 | 6:36 pm

TTD

Recent options trading trends for Trade Desk (NASDAQ:TTD) show a bullish stance among whales, with 53% of trades being bullish. The price range targeted is between $80.0 and $110.0. Analysts have mixed ratings, with an average target price of $107.8.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 6:34 pm

DIS

MGNI

NFLX

PARA

Magnite, Inc. (MGNI) has been upgraded to Buy by BofA Securities analyst Omar Dessouky, who raised the price target to $15. The upgrade is driven by Magnite's exclusive partnership with Netflix (NFLX), expected to generate $30 million in revenue by 2025, and its strong position in the CTV advertising market. The company is also expected to benefit from the programmatic transition in premium streaming services, as indicated by recent trends from Walt Disney Company (DIS) and Paramount Global (PARA).

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 6:15 pm

WOLF

Wolfspeed (NYSE:WOLF) has seen a significant increase in its short interest, rising 18.8% since its last report. Currently, 26.41% of its float is sold short, which is higher than the peer group average of 9.66%. This could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 6:15 pm

LMT

NASA and Boeing are moving forward with the Starliner Crew Flight Test despite a stable helium leak in the spacecraft's propulsion system. The launch is targeted for June 1, with backup dates in early June. Boeing has faced significant delays and costs with the Starliner project, while SpaceX's Dragon capsule has been operational since 2020. A final review of the leak is scheduled for May 29.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 6:10 pm

LLY

Eli Lilly (NYSE: LLY) has announced a significant increase in its investment in its Lebanon, Indiana manufacturing site, raising the total commitment to $9 billion. This expansion aims to boost production capacity for its antidiabetic and weight loss medications, Zepbound and Mounjaro. The company has also invested heavily in other U.S. and European sites, totaling over $18 billion in manufacturing investments. The Lebanon site is expected to create 200 full-time jobs and over 5,000 construction jobs, with operations beginning in late 2026.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 6:04 pm