Streetbeat News

Stock Prices

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares are trading slightly lower today, down 1.71% to $2.87. The company announced Blink Care, a new optional maintenance program for Blink charging stations, aimed at enhancing customer satisfaction and charger reliability. The service includes preventive maintenance to maximize charger uptime and is compatible with Blink's current warranty programs for Level 2 and DC fast chargers. This announcement follows recent news of Blink Charging securing a contract as an official EV charging provider for the state of New York.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 3:24 pm

IMCC

IM Cannabis Corp. (NASDAQ:IMCC) reported a 13% sequential increase in Q1 2024 revenue, reaching CA$10.7 million, but saw a 4% year-over-year decrease. The company announced a strategic focus on the German market following recent cannabis legalization there, with sales in Germany nearly doubling in April. Q1 financials showed a 39% decrease in gross profit and a significant increase in net loss from continuing operations compared to the previous year. IM Cannabis' shares dropped 7.48% to $0.7398.

Portfolio Pulse from Jelena Martinovic

May 08, 2024 | 3:22 pm

NRG

BMO Capital analyst James Thalacker has maintained a Market Perform rating on NRG Energy (NYSE:NRG) and increased the price target from $73 to $82.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:20 pm

ANET

Arista Networks, Inc. (NYSE:ANET) reported strong Q1 earnings and provided upbeat guidance, leading to a share price increase. Earnings per share were $1.99, surpassing estimates by 14.37%, with sales of $1.571 billion, a 16.28% year-over-year increase. The company announced a $1.2 billion stock repurchase program and expects Q2 revenue between $1.62 billion and $1.65 billion. Analysts from UBS and Needham have maintained and reiterated their ratings with increased price targets. Arista's revenue growth in 2023 was 33.71%, significantly outperforming its peers in the Information Technology sector.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 3:20 pm

CVM

CEL-SCI Corp (NASDAQ:CVM) shares surged 18.6% to $1.98 after receiving positive FDA feedback on their cancer immunotherapy, Multikine, for treating advanced primary head and neck cancer. The FDA's agreement to a confirmatory Registration Study with 212 participants, based on strong safety and efficacy data from a Phase 3 study, highlights Multikine's potential as an addition to the standard of care for this patient population.

Portfolio Pulse from Henry Khederian

May 08, 2024 | 3:19 pm

CVM

CEL-SCI Corporation's stock price increased following the announcement of FDA approval for its confirmatory study of Multikine in treating head & neck cancer.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:19 pm

GENI

Genius Sports Ltd (NYSE:GENI) shares rose after reporting Q1 FY24 sales of $119.72 million, surpassing the $116.89 million analyst consensus. The company saw a 34% increase in gross profit to $12.8 million and expanded its gross margin. However, its EPS of $(0.11) missed estimates by $(0.02). Segment revenues varied, with Betting Technology, Content & Services up 14.1%, Media Technology, Content & Services up 63%, and Sports Technology & Services down 3.5%. The company forecasts FY24 revenue of about $500 million, above the $480.82 million estimate, and adjusted EBITDA of $82 million. GENI expects positive cash flow in FY24 and shares increased by 4.80% to $5.68.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 3:18 pm

DUK

BMO Capital analyst James Thalacker has maintained an Outperform rating on Duke Energy (DUK) and increased the price target from $104 to $108.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:16 pm

ARM

ARM Holdings (NASDAQ:ARM) has seen significant options trading activity, with a mix of bullish and bearish sentiments among investors. The trading range for ARM's stock price is predicted to be between $45.0 and $150.0 over the next three months, based on options activity. The stock is currently trading up 1.58% at $109.5. Analysts have varied opinions on ARM, with target prices ranging from $100 to $180. The company is a major player in the smartphone CPU core market, licensing its architecture to clients like Apple and Qualcomm.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:16 pm

CVNA

Carvana (NYSE:CVNA) has seen significant options trading activity, with a balanced mix of bullish and bearish sentiments among traders. Analysis of 17 unusual trades shows a predicted price range of $20.0 to $130.0 over the next three months. The largest trades include both puts and calls, with varying sentiments and strike prices. Carvana's business model focuses on e-commerce for used cars, with additional revenue from financing and insurance services. The stock is currently down by -1.19%, with a price of $115.27, and may be overbought according to RSI values. Analysts have given mixed ratings, with an average price target of $89.4.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:16 pm