Streetbeat News

Stock Prices

CHWY

Deep-pocketed investors are showing a bearish sentiment towards Chewy (NYSE:CHWY), with a significant move in options trading. Benzinga's tracking revealed 8 extraordinary options activities, with a bearish majority of 87%. The price target based on this activity ranges from $15.0 to $25.0. Chewy, a leading e-commerce pet care retailer, reported $11.2 billion in 2023 sales. The stock is currently up 4.48% at $18.18, with analysts giving mixed reviews and target prices ranging from $16 to $25.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:02 pm

CVX

GSG

TOST

The CNBC Halftime Report featured final trade recommendations including Toast Inc. (TOST), Chevron Corporation (CVX), Chubb Limited (CB), and the iShares GSCI Commodity-Indexed Trust Fund (GSG). These assets were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:00 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) has delivered an average annual return of 21.26% over the past 10 years, outperforming the market by 10.54%. A $100 investment in NSIT a decade ago would now be worth $689.10, with the company currently valued at $5.94 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:00 pm

BPAY

HPQ

IPAY

WEX

WEX Inc. has filed a lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement over the use of 'HP Wex', claiming it confuses the market due to similarities in software and solutions offered by both companies. WEX, which has used the name since 1989 and rebranded in 2012, seeks a preliminary injunction to stop HP's alleged infringement. The dispute impacts investors through exposure in ETFs like BlackRock Future Financial And Technology ETF (BPAY) and Amplify Mobile Payments ETF (IPAY).

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 4:56 pm

AVGO

Investor Business Daily's SwingTrader platform has reportedly purchased shares of Broadcom, indicating a potential positive outlook on the stock by the investment analysis platform.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:52 pm

NTES

NetEase shares are trading lower despite earlier gains in the week due to new game approvals. The fluctuation highlights the volatile nature of the gaming industry's stock, influenced by regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:51 pm

CIFR

CLSK

JPMorgan's report anticipates the upcoming Bitcoin halving event on April 20 could significantly impact the mining industry, potentially leading to consolidation and business closures. The event is expected to reduce mining rewards by 50%, causing a 30%-40% decline in the industry's gross profits and a 13% decrease in the network hashrate. CleanSpark (NASDAQ:CLSK) is highlighted as well positioned to benefit from the halving, while Cipher Mining (NASDAQ:CIFR) may face challenges due to high overheads and tough hashrate comparisons.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 4:50 pm

COIN

Coinbase shares are trading higher amid volatility in Bitcoin following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:49 pm

KKR

KKR shares are trading higher following an upgrade by TD Cowen, which maintained a Buy rating and increased the price target from $129 to $144.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:48 pm

AAPL

IIPR

TSLA

Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, has outperformed major stocks like Tesla (TSLA), Apple (AAPL), Citigroup (C), and Zillow Group (ZG) over the past year with a return of 36.26%. IIPR has been paying quarterly dividends since Q2 2017 and reported a slight increase in net income for Q4 2023. The company owns 108 properties across the U.S. and will be a topic at the upcoming Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nina Zdinjak

April 11, 2024 | 4:45 pm