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Stock Prices

ASTI

Ascent Solar Technologies announced a $6 million public offering priced at $0.14 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:06 pm

DIA

IWM

QQQ

SPY

Major stock indexes experienced declines due to March inflation data surpassing expectations, indicating persistent inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:04 pm

LAD

Lithia Motors (NYSE:LAD) received mixed analyst ratings, with an updated average 12-month price target of $345.57, reflecting a 5.49% increase from the previous target. Analysts' actions varied, including ratings adjustments and price target changes, in response to Lithia Motors' market dynamics and performance. The company, a leading auto dealer, reported a 10.48% revenue growth rate as of December 31, 2023, and strong financial metrics such as a 2.78% net margin and a 3.5% ROE. Lithia Motors aims for further expansion, particularly in the US and UK markets.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

CAVA

Cava Group (NYSE:CAVA) has been analyzed by 9 analysts, showing a shift towards bullish sentiment with an average 12-month price target of $61.67, up 24.41% from the previous target. The company's financial performance indicates a strong revenue growth rate of 36.35% but challenges in profitability and asset utilization. Analysts' ratings and price targets have been updated, reflecting optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

TCON

Trading for TCON was halted but has now resumed as of 8:55:00 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:55 pm

NUTX

Trading for NUTX was halted and then resumed at 8:55 AM ET, following an update on its status. This event indicates a significant occurrence that warranted a temporary pause in trading, typically to allow the market to digest important information.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:55 pm

CISS

C3IS has announced a 1-for-100 reverse stock split, a move typically aimed at increasing the market price of a company's shares. This action can often be seen as an attempt to comply with stock exchange listing requirements or to attract a different class of investors.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:51 pm

PSCC

PSMT

XRT

PriceSmart, Inc. (NASDAQ:PSMT) reported strong Q2 FY24 results with a 13.1% Y/Y revenue increase to $1.29 billion, surpassing consensus estimates. Net merchandise sales rose 13.0% Y/Y to $1.26 billion. The company also announced a $1.00 per share special dividend payable on April 30, 2024. Investors can also gain exposure to PSMT through Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) and SPDR S&P Retail ETF (NYSE:XRT). PSMT shares are up 1.97% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 12:48 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) is expanding its partnership with Revelry Herb Co. to include Maryland, Ohio, Pennsylvania, and New York, building on their success in New Jersey and Massachusetts. This collaboration involves supplying curated cannabis strains and branded gear. The expansion aims to leverage positive customer feedback and successful market penetration in the initial states. The Cannabist Company's stock experienced a slight decline after the market close on Tuesday.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 12:47 pm

IYG

MA

V

XLF

Mastercard Inc (NYSE:MA) announced a strategic realignment focusing on Core Payments, Commercial and new Payment Flows, and Services to accelerate growth and enhance stakeholder value. Leadership changes are effective immediately, with organizational changes starting May 1. The realignment aims to strengthen Mastercard's competitive edge, diversify revenue sources, and improve product offerings. Key appointments include Jorn Lambert as Chief Product Officer, Raj Seshadri as Chief Commercial Payments Officer, and Craig Vosburg as Chief Services Officer. Additionally, Mastercard plans to raise certain credit card fees starting April 15, following a $30 billion swipe fee settlement with Visa Inc (NYSE:V). Mastercard's stock has gained over 31% in the last 12 months, and investors can gain exposure through SPDR Select Sector Fund – Financial (NYSE:XLF) and IShares U.S. Financial Services ETF (NYSE:IYG).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 12:45 pm