Streetbeat News

Stock Prices

RNXT

RenovoRx, identified by its ticker RNXT, has successfully regained compliance with Nasdaq's listing requirements. This development is crucial for the company's continued listing on the exchange and may positively influence investor confidence and the stock's market performance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:35 pm

GBTC

IBIT

Bitcoin and Ethereum have rebounded above $62,000 and $3,000 respectively, despite $165M in ETF outflows and hawkish comments from Federal Reserve Chair Jerome Powell. Grayscale's Bitcoin Investment Trust (GBTC) saw a $133M outflow, while BlackRock's iShares Bitcoin Trust (IBIT) experienced a $18.09M inflow. Market analysts suggest potential for short-term consolidation and highlight alternative investment strategies amid the current market climate.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 12:33 pm

BJ

Loop Capital analyst Laura Champine downgraded BJ's Wholesale Club (NYSE:BJ) from Buy to Hold and reduced the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:33 pm

BMI

Badger Meter reported Q1 2024 earnings of $0.99 per share, surpassing the $0.83 estimate, marking a 50% increase from last year. Sales reached $196.280M, beating the $182.260M estimate, a 23.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:32 pm

UAL

Morgan Stanley analyst Ravi Shanker maintains an Overweight rating on United Airlines Holdings (NASDAQ:UAL) and raises the price target from $75 to $80.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:31 pm

AZ

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced Gadi Graus as the new CEO, succeeding Bentsur Joseph who remains Chairman. Graus, previously President and Director of A2Z and Cust2Mate, aims to scale operations globally. The company also appointed Reeves Ambrecht to its Board, expanding it to 6 directors. Ambrecht brings over two decades of financial experience to A2Z. The leadership changes aim to enhance corporate structure and shareholder value, with A2Z ready to meet the growing demand in the smart cart market.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:31 pm

KNX

Loop Capital analyst Rick Paterson downgrades Knight-Swift (NYSE:KNX) from Buy to Hold and lowers the price target from $63 to $53.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:31 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) stock is experiencing a significant decline ahead of its Q1 earnings report, with challenges including slowing sales, squeezed margins, and strategic uncertainty. Analyst downgrades, including a notable shift from Deutsche Bank and Barclays, have added to the pressure. The stock has fallen in premarket trading and is considered oversold, but fundamental weaknesses persist. Key support levels to watch are at $130, with potential further drops to $104 or the $86-$100 range.

Portfolio Pulse from Shanthi Rexaline

April 18, 2024 | 12:30 pm

DIS

NFLX

SONY

Sony Group Corp (NYSE:SONY) has updated its Bravia TV line with four new models, focusing on streaming content with advanced picture settings and AI features. The Bravia 9 is the flagship model, with prices starting at $599.99. These TVs are designed to enhance the home cinema experience, initially compatible with Amazon Prime Video. The update reflects the shift from traditional broadcast to streaming services, with streaming revenue expected to reach $165 billion by 2027. Sony's stock saw a slight increase of 0.15% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 12:30 pm

ETSY

Morgan Stanley analyst Lauren Schenk downgraded Etsy (NASDAQ:ETSY) from Equal-Weight to Underweight and reduced the price target from $64 to $55.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:28 pm