Streetbeat News

Stock Prices

RARE

Ultragenyx Pharmaceutical's stock (RARE) is trading higher following Cantor Fitzgerald's reiteration of its Overweight rating and a maintained price target of $107.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:51 pm

STAA

STAAR Surgical's shares have seen an increase following the company's announcement of strong preliminary net sales guidance for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:50 pm

DKNG

DraftKings shares are trading higher, potentially due to the ongoing NCAA Tournament and overall market strength.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:47 pm

MMM

SOLV

Solventum shares have experienced an increase in trading activity and price following its recent spinoff from 3M.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:47 pm

TOL

Toll Brothers (NYSE:TOL) has seen an 11.37% increase in short interest since its last report, with 3.90 million shares sold short, representing 4.8% of its float. It would take about 2.27 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards TOL, although it has less short interest compared to its peer group average of 6.32%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:45 pm

COF

Capital One Financial (NYSE:COF) has seen a 12.77% increase in its short percent of float since the last report, with 11.94 million shares sold short, representing 3.18% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 8.29%. The rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:45 pm

TOP

TOP Finl Gr (NYSE:TOP) has seen an 11.56% increase in short interest, now at 8.78% of its float, indicating a bearish market sentiment. Despite this, higher short interest compared to its peers (6.61%) could be bullish, as it suggests potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:45 pm

TM

TSLA

Tesla Inc (NASDAQ:TSLA) stock fell 3.6% after reports emerged that the company has halted plans for a low-cost vehicle, opting to focus on self-driving technologies instead, a claim CEO Elon Musk denies. A Reddit post compared Tesla's declining growth and high PE ratio unfavorably with Toyota (NYSE:TM), highlighting Tesla's financial challenges, including a dip in auto gross margins and a decline in vehicle deliveries. Technical indicators also suggest a bearish trend for Tesla stock.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 7:44 pm

VST

Vistra shares are trading higher amid strength in some energy-related stocks, indicating a positive market sentiment towards energy sector investments.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:43 pm

GOLD

Barrick Gold Corporation (NYSE:GOLD) shares have risen over 7% in the past five days, buoyed by the record high gold prices reaching $2,330.50 per ounce. The company's expansion includes mines and projects across 18 countries and a new concession request in Puno, Peru. Trading volume for GOLD has significantly exceeded its 100-day average, indicating heightened investor interest.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 7:37 pm