Streetbeat News

Stock Prices

MICS

The Singing Machine shares are trading lower after the company announced it authorized management to explore a range of corporate transactions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:49 pm

KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares fell over 8% on Thursday, continuing a trend of losing over 45% in the past year. The company's founder, William Li, announced plans for European expansion despite potential EU tariffs on Chinese EVs. NIO opened a new showroom in Amsterdam and has 43 battery swap stations in Europe. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:49 pm

BOW

Bowhead Specialty (BOW) opened at $23 in its IPO, which was priced at $17.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

LI

NIO

XPEV

Shares of Chinese EV stocks are trading lower due to broader China market weakness, recent tariffs, and Tesla's new Shanghai Megafactory.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

VFC

V.F. Corporation (NYSE:VFC) shares are trading lower after the company reported worse-than-expected financial results for the fourth quarter, including a loss of 32 cents per share and $2.4 billion in sales, both missing analyst estimates. Analysts have subsequently lowered their price targets for the stock.

Portfolio Pulse from Dylan Berman

May 23, 2024 | 4:42 pm

GDRX

KR

RBC Capital Markets has upgraded GoodRx Holdings Inc (NASDAQ:GDRX) from Sector Perform to Outperform, raising the price target from $8 to $10. The upgrade is based on new initiatives like the Integrated Savings Program (ISP), direct contracting (DC), and the expansion of its manufacturing solutions business, which are expected to provide significant growth opportunities. GoodRx has also secured a new direct contracting agreement with Kroger Co. (NYSE:KR), allowing patients to use GoodRx coupons at Kroger Pharmacies for more savings on generics starting June 1.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 4:38 pm

NYXH

Nyxoah shares are trading lower following the announcement of a $50 million public offering, pricing 5,374,755 shares at $9.25 per share.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:37 pm

TSLA

Elon Musk announced that SpaceX aims to land on the Moon and Mars within the next 7-8 years. This ambitious goal could have implications for companies associated with Musk, including Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:35 pm

VRME

VerifyMe shares are trading lower after the company updated its FY24 revenue growth rate to mid-single digits instead of double digits and expects its FY24 gross margin percentage to be reduced.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:33 pm

IP

International Paper shares are trading higher after Jefferies upgraded the stock from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:33 pm