Streetbeat News

Stock Prices

HES

Over the past 5 years, Hess (NYSE:HES) has outperformed the market with an annualized return of 20.89%, growing a $100 investment to $253.20. Currently, Hess has a market cap of $45.97 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:30 pm

RRX

Regal Rexnord's (NYSE:RRX) short interest has increased by 29.49% since the last report, with 1.05 million shares sold short, representing 2.02% of its float. The current short interest suggests it would take 1.57 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards RRX, although it has less short interest compared to its peer group average of 9.45%. The increase in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:30 pm

HOOD

Mizuho analyst Dan Dolev has reiterated a Buy rating on Robinhood Markets, Inc. (NASDAQ:HOOD), raising the price forecast from $17 to $20. The upgrade is based on higher trading volumes, an expanding product portfolio, and solid geographic reach. Robinhood reported a growth in total funded customers to 23.6 million, an acceleration in Assets Under Custody (AUC) to ~$120 billion, and the highest trading activity since January 2022. Net deposits for the quarter have already surpassed $7 billion, exceeding the previous high of $4.6 billion. Dolev highlights Robinhood's potential in AI and international expansion, particularly in Asia, and expects FY24 revenues to grow by 11% to $2.078 billion.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 5:29 pm

ACB

CGC

CURLF

GTBIF

TLRY

UGRO

VFF

Cannabis stocks surged following a tweet by hedge fund manager Doug Kass, suggesting the DEA will soon reschedule cannabis to Schedule III, potentially easing business burdens for the industry. Stocks like Curaleaf Holdings, Canopy Growth, and others saw significant gains. The upcoming Benzinga Cannabis Capital Conference will further discuss these developments.

Portfolio Pulse from Maureen Meehan

March 15, 2024 | 5:28 pm

RCL

Macquarie analyst Paul Golding has maintained an Outperform rating on Royal Caribbean Group (RCL) and increased the price target from $145 to $160.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:28 pm

VWAGY

Volkswagen AG's finance unit has agreed to a $48.75 million settlement with the SEC to resolve allegations of defrauding investors in U.S. bond offerings, stemming from the diesel emissions scandal. This marks the final major legal action in the U.S. related to the scandal, which has cost Volkswagen over $20 billion in various fines and settlements since 2015. The settlement, awaiting approval by a U.S. judge, includes restitution and interest to be distributed to affected investors.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 5:17 pm

SHCO

Soho House & Co's shares traded lower following the announcement of Q4 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:17 pm

KRT

Karat Packaging's shares declined following the announcement of mixed financial results for Q4.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:16 pm

CDLX

Craig-Hallum analyst Jason Kreyer upgrades Cardlytics (NASDAQ:CDLX) from Hold to Buy and raises the price target from $10 to $18.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:11 pm

DKS

Goldman Sachs has reaffirmed its Buy rating on Dick's Sporting Goods (NYSE:DKS) and increased its price target from $157.00 to $247.00. Despite a slight decline in share price over the last 24 hours, the new target suggests a potential 14.42% upside. Dick's Sporting Goods, known for retailing athletic apparel and equipment, operates both physical stores and digital platforms.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:01 pm