Streetbeat News

Stock Prices

SCLX

Scilex Holding has sent a letter to the U.S. House of Representatives addressing concerns about market manipulation of its common stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm

GDDY

Over the past three months, 16 analysts have shared their insights on GoDaddy (NYSE:GDDY), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 12.02% to $144.31. Analysts have raised their price targets and ratings, reflecting positive sentiment towards GoDaddy's financial performance and market standing.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:01 pm

HOWL

Analysts have provided mixed ratings for Werewolf Therapeutics (NASDAQ:HOWL) in the latest quarter, with a majority being bullish. The average 12-month price target is $13.8, which is 8.0% lower than the previous average. The company faces financial challenges, including a significant revenue decline, but maintains strong net margins, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:00 pm

LECO

Over the past three months, five analysts have evaluated Lincoln Electric Holdings (NASDAQ:LECO), with most ratings being somewhat bullish. The average 12-month price target has decreased from $253.80 to $241.4. Analysts have recently lowered their price targets, reflecting a cautious outlook. Lincoln Electric faces challenges in revenue growth and net margin but shows strong ROE and ROA. The company's debt-to-equity ratio is higher than the industry average, indicating higher financial risk.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:00 pm

PSEC

Prospect Capital (NYSE:PSEC) has seen a 7.65% increase in its short percent of float, now at 7.74% of all regular shares available for trading. This is higher than the peer group average of 2.95%. It would take traders 12.53 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:00 pm

BTCUSD

DOGEUSD

NEARUSD

A prominent cryptocurrency analyst, The Crypto Dog, predicts a significant rally for Dogecoin (DOGE), Bitcoin (BTC), and NEAR Protocol (NEAR) if Bitcoin reaches a new all-time high. The analyst suggests Dogecoin could surge by 78% and NEAR Protocol by 15%.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 12:58 pm

AETH

BETE

BETH

BTF

BTOP

EETH

FBTC

GBTC

IBIT

The SEC has approved applications to list eight U.S. Ethereum spot ETFs, signaling a significant shift in regulatory sentiment. Trading is expected to begin well ahead of November 2024. However, the debate around staking ETH for ETF shareholders remains unresolved. Ethereum-tracking funds and popular Bitcoin ETFs could see increased attention.

Portfolio Pulse from Surbhi Jain

May 24, 2024 | 12:55 pm

VSTM

Verastem Oncology shares are trading lower after the company announced the initiation of a rolling submission of a New Drug Application (NDA) to the FDA for accelerated approval of a combination therapy for recurrent KRAS mutant low-grade serous ovarian cancer.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:51 pm

AKAN

Akanda Corp. (NASDAQ:AKAN) shares are surging in premarket trading following the announcement of a 1-for-40 reverse stock split effective May 23, 2024. The company will file Articles of Amendment to reflect this change and will not issue fractional shares, rounding down instead. Akanda's portfolio includes CanMart in the U.K. and a Canadian farming property for THC and CBD development.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 12:50 pm

TSLA

Elon Musk criticized the Biden administration's recent 100% tariff on Chinese EV imports, calling it a market distortion. This is a shift from his previous stance on trade barriers. The tariffs aim to protect American automakers from Chinese competition.

Portfolio Pulse from Anan Ashraf

May 24, 2024 | 12:48 pm