Streetbeat News

Stock Prices

EBC

Eastern Bankshares (NYSE:EBC) has seen a 7.49% decrease in its short percent of float, now at 1.73%. This is lower than its peers' average of 4.88%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:45 pm

X

United States Steel (NYSE:X) has seen a 7.42% increase in its short percent of float, now at 8.83% of available shares. This is higher than its peers' average of 4.81%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:45 pm

SOFI

SoFi Technologies Inc. (NASDAQ:SOFI) experienced heavy trading as the Federal Reserve announced its first interest rate cut in four years, reducing the federal funds rate by 50 basis points. SoFi's stock initially spiked but closed slightly down. The company could benefit from lower rates across its diversified financial offerings.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 8:30 pm

CARA

CURR

GENE

SNDL

UGRO

XXII

Marijuana stocks experienced a bullish Wednesday with several companies seeing significant gains, including Australis Capital and Cara Therapeutics. However, Leafbuyer Techs saw a major decline.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:30 pm

IWM

SPY

The Federal Reserve has cut interest rates by 50 basis points, marking the first reduction in over four years. This move is expected to lower mortgage, credit card, and auto loan rates, potentially boosting consumer spending and home purchases. However, it may also lead to a decline in the US Dollar's value and lower returns on savings and treasuries. The iShares Russell 2000 ETF (IWM) is outperforming the SPDR S&P 500 ETF Trust (SPY) as small-cap stocks benefit from the rate cut.

Portfolio Pulse from Chris Katje

September 18, 2024 | 8:28 pm

KTOS

SPY

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares hit new 52-week highs due to a $79.8 million U.S. Air Force contract and a broader market boost from a Federal Reserve rate cut. The contract could reach $374.04 million if all options are exercised.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 8:23 pm

NBTX

Nanobiotix has updated its financial guidance, expecting cash and equivalents of €66.3 million by the end of June, which will now fund operations into Q4 2025, extending from the previous guidance of Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:21 pm

HESM

Hess Midstream announced a public offering of 10 million Class A shares by Global Infrastructure Partners. The underwriters have a 30-day option to purchase an additional 1.5 million shares. Hess Midstream will not receive any proceeds from this sale.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:18 pm

TUP

The New York Stock Exchange (NYSE) has announced it will begin delisting proceedings against Tupperware Brands, resulting in the immediate suspension of trading for the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:15 pm

KOSS

Koss Corporation (NYSE:KOSS) has seen a 4.55% decrease in its short percent of float, now at 10.27%. This is higher than its peers' average of 8.24%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:15 pm