Streetbeat News

Stock Prices

LI

Whales have shown a bearish stance on Li Auto (NASDAQ:LI), with options trading indicating a mixed sentiment among big-money traders. Benzinga's options scanner revealed 16 unusual options trades, with a split sentiment of 37% bullish and 50% bearish. The trades suggest a price target window of $24.0 to $34.0 for Li Auto. The company, a leading Chinese NEV manufacturer, reported selling over 376,000 NEVs in 2023, capturing about 4% of China's passenger NEV market. Li Auto's stock is currently up by 3.93%, with a trading volume of 10,096,597 and an RSI indicating a neutral position. Analyst ratings in the last month have set an average target price of $32.5 for Li Auto.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:45 pm

CROX

Whales are showing a bullish stance on Crocs (NASDAQ:CROX), with options trading indicating a preference for a price band between $110.0 and $147.0. Analysis of options history reveals 60% bullish and 30% bearish trades among investors. Notable options activity includes both puts and calls with varying sentiments and strike prices. Crocs's current stock price is $127.35, with an RSI indicating a neutral position. The company is set to release its next earnings in 1 day.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:45 pm

OM

Outset Medical, Inc. (NASDAQ:OM) shares surged after announcing FDA clearance for TabloCart with prefiltration, resuming its distribution in the U.S. This development highlights the company's commitment to innovation in dialysis treatment, significantly impacting trading volume with over 14.13 million shares traded, far exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 6:40 pm

IVP

Inspire Veterinary Partners announced a 1-for-100 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:35 pm

GOOGL

IYW

MSFT

NVDA

XLK

Microsoft Corp is developing a new AI language model, MAI-1, to compete with Alphabet Inc's Google and OpenAI. Led by Mustafa Suleyman, this model aims to surpass Microsoft's previous models in size and capability. Microsoft's recent AI advancements, including the Phi-3-mini model, have positioned it as a leader in generative AI. The MAI-1 model, expected to be unveiled at the Build developer conference, could have significant implications for Microsoft's AI strategy. Microsoft stock has seen a 33% increase over the past 12 months, with exposure available through ETFs like XLK and IYW.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 6:34 pm

CLLS

Cellectis shares are trading higher following the announcement of the completion of an additional equity investment by AstraZeneca.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:34 pm

SGE

Strong Global Entertainment, Inc. (AMEX:SGE) shares surged after announcing the acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. Post-acquisition, the company will be renamed Saltire Holdings, Ltd., aiming to grow a portfolio of profitable private equity investments. The move is seen as an opportunity for Strong Global to unlock the value of its investment in MDI and participate in Saltire's future growth. SGE's trading volume significantly exceeded its 100-day average following the news.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 6:30 pm

FI

Fiserv (NYSE:FI) has delivered an average annual return of 14.85% over the past 20 years, turning a $1000 investment into $16,039.54 today. With a current market capitalization of $87.82 billion, Fiserv's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 13.33% over the past 10 years, outperforming the market by 2.84% annually. With a current market capitalization of $99.00 billion, a $100 investment in ADP 10 years ago would be worth $349.70 today. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:30 pm

KAVL

Kaival Brands Innovations Group's shares are trading lower after Nasdaq reported the company failed to hold its annual meeting to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:28 pm