Streetbeat News

Stock Prices

URI

United Rentals (NYSE:URI) has significantly outperformed the market over the past decade, with an average annual return of 19.59%. A $1000 investment in URI 10 years ago would now be worth $5,962.40. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:30 pm

MRK

Merck & Company shares rose following the completion of negotiations with the pan-Canadian Pharmaceutical Alliance for WELIREG.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:29 pm

ATHM

CANG

UXIN

Cango Inc. (NYSE:CANG) is shifting its business model to focus on exporting used Chinese cars and providing related services, moving away from direct car trading. This strategic pivot comes as China's domestic car market slows, and Cango aims to capitalize on the growing global demand for Chinese vehicles. Despite a significant drop in revenue, Cango's stock has risen 74% this year, contrasting with declines in competitors Autohome (NYSE:ATHM) and Uxin (NASDAQ:UXIN).

Portfolio Pulse from The Bamboo Works

September 05, 2024 | 3:25 pm

AZN

AstraZeneca shares are experiencing a decline due to reports of the company's staff being detained in China over data and drug-import investigations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:19 pm

SHPH

Shuttle Pharmaceuticals (SHPH) shares experienced significant volatility, initially rising by 44% in pre-market trading before falling by 1.69% to $2.33. This movement followed the announcement of a new U.S. patent for selective histone deacetylase inhibitors, which are being developed for cancer and other diseases.

Portfolio Pulse from Henry Khederian

September 05, 2024 | 3:18 pm

EVTC

Evertec's stock is trading lower following a downgrade by Susquehanna from Neutral to Negative, with a reduced price target from $38 to $28.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:16 pm

MCK

Recent options activity for McKesson (NYSE:MCK) shows a bearish sentiment among large investors, with 58% of trades being puts. The stock is currently down 1.97% at $560.0, and analysts maintain high target prices, indicating potential future growth.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:16 pm

ULTA

Ulta Beauty (NASDAQ:ULTA) has seen a surge in options trading activity, with a mix of bullish and bearish sentiment among investors. The options activity suggests a potential price range of $170 to $450. Analysts have varied opinions, with price targets ranging from $300 to $500.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:16 pm

LE

Lands' End, Inc. (NASDAQ:LE) reported better-than-expected Q2 earnings, with net revenue of $317.2 million surpassing the consensus of $307.41 million. Despite a decrease in global eCommerce and Outfitters net revenue, the company saw a 23.4% increase in third-party net revenue. Gross profit rose by 8.8% due to improved product solutions and reduced promotional activity. Lands' End raised its annual profit guidance, expecting adjusted EPS of $0.29 – $0.48, up from $0.18 – $0.41. The company also repurchased $3.7 million of its stock and plans further buybacks. LE shares rose 1.46% following the announcement.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 3:16 pm

LLY

Eli Lilly's shares are trading lower following the announcement of topline results from the QWINT-1 and QWINT-3 phase 3 clinical trials. These trials evaluated the once-weekly insulin efsitora alfa in adults with type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:16 pm