Streetbeat News

Stock Prices

PDD

PDD Holdings shares are trading higher following an upgrade from Goldman Sachs, which raised the stock rating from Neutral to Buy and increased the price target from $145 to $184.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:37 pm

DELL

Dell shares are trading higher, likely due to strength in AI-related stocks following NVIDIA's earnings and the introduction of a portfolio of AI PCs.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:37 pm

COIN

MARA

RIOT

Shares of crypto stocks are trading higher in possible reaction to spot Ethereum ETF approval.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:32 pm

AAPL

JD

REAL

RENT

RERE

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% stock drop on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and has seen increased consumer trade-ins. ATRenew's partnerships with JD.com and Apple (NASDAQ:AAPL) have bolstered its performance, with significant gains in its refurbishment business.

Portfolio Pulse from The Bamboo Works

May 24, 2024 | 3:28 pm

ETHUSD

Technical chart analyst Ali Martinez discusses the potential impact of the Ethereum ETF approval on ETH prices, highlighting significant transfers of ETH to exchanges and potential sell-off risks. He identifies key resistance and support levels for ETH, suggesting possible short-term downside risk but also potential for upward movement if certain conditions are met.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 3:25 pm

ROST

TGT

TJX

TJX Companies and Ross Stores have demonstrated strong financial performance in their latest quarterly results, despite a challenging economic environment. Both companies exceeded earnings estimates and raised their full-year guidance, contrasting with Target Corporation, which reported a decline in revenue and missed earnings estimates.

Portfolio Pulse from Upwallstreet

May 24, 2024 | 3:25 pm

MULN

Mullen Automotive (NASDAQ:MULN) has announced GAMA as a new distribution partner for southeastern Europe, covering the Balkans Region. GAMA's initial order includes 53 commercial EVs. Additionally, Mullen received approval for Foreign Trade Zone status in Mississippi, which offers financial benefits. MULN shares rose by 5.74% following the news.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 3:22 pm

GNLX

Genelux Corporation (NASDAQ:GNLX) shares dropped by 40.7% to $2.73 after announcing an underwritten offering of 6.875 million shares and accompanying warrants at $4.00 each. The offering aims to raise approximately $27.5 million before expenses to support corporate activities and the clinical development of Olvi-Vec. The offering is expected to close around May 29, 2024.

Portfolio Pulse from Henry Khederian

May 24, 2024 | 3:19 pm

DD

DuPont de Nemours shares are trading higher following an upgrade from BMO Capital, which raised the stock rating from Market Perform to Outperform and increased the price target from $83 to $96.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:19 pm

JD

JD.com shares are trading lower following the announcement of the completion of a $2 billion convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:19 pm