Streetbeat News

Stock Prices

ASLN

ASLAN Pharmaceuticals' shares were halted due to a circuit breaker after experiencing a significant surge, with the stock now up by 79.2%.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:52 pm

CELH

CVNA

MNST

MTUM

SMCI

Celsius Holdings (NASDAQ:CELH) stock fell over 6% amid a broader sell-off in momentum stocks, despite a bullish analyst rating from Stifel Financial Corp (NYSE:SF) with a price target increase from $90 to $95. Other momentum stocks like Monster Beverage Corp (NASDAQ:MNST), Carvana Co (NYSE:CVNA), and Super Micro Computer Inc (NASDAQ:SMCI) also experienced declines. The iShares MSCI USA Momentum Factor ETF (BATS:MTUM) dropped more than 1%, indicating a potential slowdown in the momentum stock trend.

Portfolio Pulse from Aaron Bry

March 11, 2024 | 6:51 pm

PFE

Pfizer Inc (NYSE:PFE) is shifting its strategic focus from COVID-19 to cancer drugs, aiming to recover from a significant market value loss. The company plans to increase its oncology biologic drugs from 6% to 65% by 2030, following a challenging period with over $100 billion in market value lost. Pfizer's acquisition of Seagen doubles its oncology pipeline to 60 programs, with expectations of eight blockbuster medicines by 2030. The company also focuses on expanding its respiratory syncytial virus vaccine and developing treatments for sickle cell disease and obesity.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 6:51 pm

ASLN

ASLAN Pharmaceuticals' shares resumed trading and experienced a significant spike, now showing an increase of 74.4%.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:51 pm

ASLN

Shares of ASLAN Pharmaceuticals were halted due to a circuit breaker after the stock surged by 45.6%. The halt is a regulatory mechanism triggered by the stock's rapid price increase.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:47 pm

ADV

MRAI

RVP

RZLT

Insiders at Rezolute, Retractable Technologies, Marpai, and Advantage Solutions have recently made significant stock purchases. These transactions indicate insider confidence in these companies' futures. Rezolute and Marpai reported positive financial news, while Retractable Technologies and Advantage Solutions shared less favorable results. These insider activities and company performances could influence investor interest in these penny stocks.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:46 pm

Recent options trading trends for AT&T (NYSE:T) show a predominantly bearish sentiment among investors, with 88% of detected trades being bearish. The trading volume and open interest suggest a price target range of $12.0 to $20.0. Despite this, AT&T's stock is slightly up with a current price of $17.22. Analysts, including one from Wolfe Research, have a more optimistic view, setting an average target price of $21.0 and upgrading the stock to Outperform.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:45 pm

Deep-pocketed investors have shown a bearish sentiment towards General Electric (NYSE:GE), with a notable shift in options trading activity. Benzinga's tracking revealed 59 extraordinary options activities, with a bearish majority. The trading range is predicted between $45.0 to $185.0 over the next three months. Current market data shows GE's stock down by -0.51%, trading at $167.1, with potential overbought conditions. The anticipated earnings release is in 43 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:45 pm

DUO

ELTK

EQT

ETRN

GDS

GNE

LXRX

VTYX

U.S. stocks showed mixed performance with the Dow Jones index rising slightly, while the NASDAQ and S&P 500 fell. Materials shares led gains, while industrials lagged. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases following positive news. Conversely, Eltek, Genie Energy, and Ventyx Biosciences experienced notable declines. Oil prices dipped slightly, while gold and silver saw gains.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:44 pm

SATS

EchoStar shares are trading higher following the disclosure of share purchases by a company director.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:42 pm