Streetbeat News

Stock Prices

SMFL

Smart for Life (NYSE:SMFL) has seen a significant increase in short interest, with the short percent of float rising 260.64% to 35.09%. This indicates a bearish market sentiment towards SMFL, as more traders are betting against the stock. However, an increase in short interest can sometimes be bullish, suggesting a potential for a short squeeze. SMFL's short interest is notably higher than its peer group average of 2.68%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:15 pm

TNDM

Tandem Diabetes Care's stock is trading higher after Stifel maintained a Buy rating and increased the price target from $37 to $40.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:12 pm

DJT

Trump Media & Technology Group's shares are facing volatility, with recent declines attributed to concerns over suspected short-selling activity, as indicated in a letter to Nasdaq, and the ongoing legal cases involving Donald Trump.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:08 pm

FANG

Stifel analyst Derrick Whitfield maintains a Buy rating on Diamondback Energy (NASDAQ:FANG) and raises the price target from $224 to $229.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:04 pm

TSLA

Guggenheim analyst Ronald Jewsikow has reiterated a Sell rating on Tesla (NASDAQ:TSLA) and maintained a price target of $122.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:03 pm

DVN

Stifel analyst Derrick Whitfield maintains a Buy rating on Devon Energy (DVN) and raises the price target from $65 to $66.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:02 pm

CPRI

TPR

Shares of Capri Holdings Limited (CPRI) and Tapestry, Inc. (TPR) fell after the FTC filed a lawsuit to block Tapestry's $8.5 billion acquisition of Capri Holdings. The FTC argues the merger of their brands (Coach, Kate Spade, and Michael Kors) would harm competition, affecting prices, innovation, and worker conditions. Both companies have defended the merger, stating it won't limit competition and have received approvals from other jurisdictions, planning to contest the FTC's decision in court.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 5:02 pm

BTCM

CLSK

MARA

MSTR

RIOT

Crypto-related stocks such as BTCM, CLSK, MARA, MSTR, and RIOT are experiencing an uptick in their trading values following the Bitcoin halving event.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:01 pm

PRFT

Over the last three months, 4 analysts have provided diverse opinions on Perficient (NASDAQ:PRFT), with recent evaluations showing a mix of neutral and somewhat bullish stances. The average 12-month price target for PRFT has slightly increased to $69.5. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to Perficient's market dynamics and performance. Despite a revenue decline of -5.08% over the past 3 months, Perficient's financials show strong net margin and ROA, but a lower ROE and market capitalization compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:00 pm

COST

Over the last three months, 27 analysts have shared diverse opinions on Costco Wholesale (NASDAQ:COST), with ratings ranging from bullish to bearish. The average 12-month price target for COST has been raised to $772.96, indicating a 6.06% increase from the previous target. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. Costco's financial performance is strong, with significant revenue growth, high net margin, and effective debt management, positioning it well in the market.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:00 pm