Streetbeat News

Stock Prices

SAIA

Saia shares are trading lower due to sector-wide weakness in trucking and freight, triggered by disappointing earnings reports within the industry.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:54 pm

IEX

IDEX shares are trading lower following the release of their Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:52 pm

RCI

Rogers Communications' stock is trading lower after the company reported its first-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:52 pm

NFLX

Netflix shares are experiencing a decline due to ongoing volatility following their recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:52 pm

LI

TSLA

Li Auto shares are trading lower, potentially due to strength in competitor Tesla, impacting investor sentiment towards Li Auto.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:51 pm

SYY

Sysco Corporation (NYSE:SYY) has seen a decrease in short interest, with the current short percent of float at 1.27%, down 4.51% from the last report. The total shares sold short are 6.33 million, requiring approximately 2.65 days for traders to cover their short positions. This decline in short interest could indicate a more bullish sentiment towards SYY among investors. Additionally, Sysco's short interest is below its peer group average of 4.58%, suggesting it is less shorted compared to similar companies.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 7:45 pm

H

Hyatt Hotels (NYSE:H) has seen a decrease in short interest, with the current short percent of float at 9.79%, down 12.67% from the last report. The company has 3.75 million shares sold short, requiring 7.82 days on average for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Hyatt's short interest is higher than its peer group average of 5.61%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 7:45 pm

DGX

Quest Diagnostics (NYSE:DGX) has seen a 16.83% decrease in short interest, now at 2.55 million shares or 2.62% of float, with a 3.49-day average to cover. This decline in short interest could indicate a more bullish sentiment towards DGX compared to its peers, where the average short interest as a percentage of float is 10.14%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 7:45 pm

ETH-USD

Crypto influencer 'ethereanvibin' called off his wedding due to his fiancée's disapproval of his Ethereum obsession, emphasizing Ethereum's importance over personal relationships. Despite a 3.1% drop in ETH price to $3,125, 81% of Ethereum holders remain profitable. The crypto community reacted positively, highlighting the prioritization of crypto investments. Additionally, Polymarket predicts a low chance of spot Ethereum ETF approval by the SEC, reflecting regulatory challenges.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 7:39 pm

OND

SOCL

SPOT

Spotify Technology SA reported Q1 2024 revenue of $3.95 billion, up 20% YOY, surpassing consensus estimates. EPS was $1.05, beating the $0.70 consensus. Analysts from J.P. Morgan, Piper Sandler, and Goldman Sachs provided positive outlooks, with J.P. Morgan raising its price target to $365. Spotify's gross margin strength, podcast improvements, and advertising gains were highlighted. The company remains confident in achieving its medium-term financial targets. Analysts expect continued revenue growth and profitability increases. Spotify stock is part of the Global X Social Media ETF and ProShares On-Demand ETF.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 7:34 pm