Streetbeat News

Stock Prices

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Nasdaq surged 250 points as U.S. stocks traded higher, with significant gains in information technology shares. Constellation Brands Inc reported better-than-expected Q4 earnings, leading to a positive market response. Rallybio Corporation, Eliem Therapeutics, and Rent the Runway saw substantial stock price increases due to strategic collaborations and financial results. Conversely, Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical experienced significant drops following public offering pricing, trial results, and revenue update announcements.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 7:21 pm

RDDT

Reddit shares are experiencing an increase in their trading value, potentially due to ongoing volatility after its recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:21 pm

BTCUSD

Ark Invest's report suggests Bitcoin is in the early to middle stages of a bull run, citing a 16.5% price increase in March and a 68.6% rise in Q1. The report uses the MVRV Z-Score to argue Bitcoin is not overvalued. It also notes record inflows into spot Bitcoin ETFs, despite some long-term holders taking profits. The analysis includes global economic factors and predicts considerable growth for Bitcoin before reaching overbought conditions.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 7:20 pm

DAL

Delta Airlines' stock price increased following price target upgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:19 pm

GEHC

GE HealthCare Technologies' stock price increased following Mizuho's decision to maintain a Buy rating and raise its price target from $96 to $110.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:18 pm

GFS

GlobalFoundries shares are experiencing an uptick due to a general increase in the value of semiconductor stocks.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:18 pm

BABA

Options trading analysis for Alibaba Gr Holding (NYSE:BABA) shows a bearish sentiment with 65% of trades indicating a bearish outlook. The trading activity includes 32 unusual trades, with a focus on a price band between $35.0 and $180.0. The largest trades observed range from bullish to neutral sentiments, with significant open interest and volumes in call options. Alibaba, a major online and mobile commerce company, has seen its stock price slightly increase by 0.2% to $74.74. Market experts have issued ratings with a consensus target price of $104.4, varying from Overweight to Equal-Weight ratings by firms like JP Morgan and Morgan Stanley.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 7:15 pm

QCOM

QUALCOMM shares are trading higher amid a rebound in tech stocks, indicating a positive movement for the company's stock in the market.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:12 pm

FLNC

NVDA

PLTR

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VGT

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Young investors on Reddit's r/stocks are discussing top growth stocks for 2024 and beyond, focusing on companies with promising growth trajectories. The top picks include Fluence Energy Inc (FLNC), Palantir Technologies Inc (PLTR), and NVIDIA Corp (NVDA), with additional mentions of Celsius Holdings, Inc (CELH), SoFi Technologies Inc (SOFI), and growth-focused ETFs like Vanguard Growth ETF (VUG), Vanguard Information Technology ETF (VGT), and Invesco NASDAQ 100 ETF (QQQM). These selections are based on their market leadership, innovative technology, and potential for long-term growth.

Portfolio Pulse from Surbhi Jain

April 11, 2024 | 7:12 pm

ABNB

Airbnb shares experienced a reversal, trading higher after initially dropping due to a downgrade from Needham.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:12 pm