Streetbeat News

Stock Prices

GD

General Dynamics' stock price increased following the FAA certification of its Gulfstream G700 model.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:54 pm

BCH

Bitcoin Cash (BCH) is experiencing a 6.5% decrease in value, now at $632.18, amidst a broader downturn in altcoins triggered by a decline in Bitcoin's price. This trend reflects the market's sensitivity to Bitcoin's fluctuations, as it often acts as a market barometer. The interconnection between Bitcoin and Bitcoin Cash, especially in trading pairs on cryptocurrency exchanges, further influences BCH's value.

Portfolio Pulse from Henry Khederian

April 01, 2024 | 4:53 pm

CXAI

GOOG

GOOGL

CXApp Inc (NASDAQ:CXAI) shares surged after announcing a strategic partnership with Alphabet Inc's Google Cloud, focusing on the launch of its CXAI Platform. The collaboration includes end-to-end security, analytics, monitoring, and SaaS performance enhancements for CXApp clients. The partnership also involves the development of CXApp's Work SuperApp, generative AI applications, experiential analytics, and enterprise customer applications, all powered by Google Cloud. The CXAI Platform will be added to Google Marketplace, with Google teams assisting in targeting key clients.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 4:51 pm

NVEI

Nuvei's stock is trading higher following the announcement of an agreement for the company to be taken private by Advent International, in partnership with existing Canadian shareholders Philip Fayer, Novacap, and CDPQ, at a price of $34 per share.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:50 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) reported updated data from a phase 1b trial of CAN-3110, showing promising results in treating recurrent high-grade glioma (rHGG). The trial observed a significant increase in median overall survival rates among patients, nearly doubling the expected survival compared to historical data. Over 50 patients have been treated, with positive HSV-1 serology indicating improved survival outcomes. Additionally, Candel shared interim data from a phase 2 trial of CAN-2409 for pancreatic ductal adenocarcinoma. The company's financials show $35.4 million in cash, expected to fund operations into Q4 2024. CADL shares rose 8.86% to $1.72.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 4:49 pm

HD

Home Depot's shares are trading lower following the announcement last week of its agreement to acquire SRS Distribution in a deal valued at $18.25 billion.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:47 pm

MFG

MUFG

SMFG

US-listed Japanese banks, including MFG, MUFG, and SMFG, are experiencing a decline in their stock prices following a decrease in Japan's factory output for February.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:45 pm

RTX

Market whales have shown a bearish stance on RTX (NYSE:RTX) through recent options trades, with a sentiment split of 33% bullish and 66% bearish. The largest trades indicate a price window of $90.0 to $110.0 for RTX. Analysts have a consensus target price of $118.33 for RTX, with recent upgrades and outperform ratings. RTX's current market position shows a slight price increase to $97.8, with an overbought RSI indicator and an upcoming earnings announcement.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:45 pm

OXY

Deep-pocketed investors have shown a bearish sentiment towards Occidental Petroleum (NYSE:OXY), as revealed by Benzinga's options scanner. The scanner detected 19 unusual options activities, with a divided sentiment among investors: 47% bullish and 52% bearish. The options trading focused on a price range between $52.5 and $75.0. Notable options activity included both calls and puts, with significant trades highlighted. Occidental Petroleum, an independent exploration and production company, reported net proved reserves of nearly 4 billion barrels of oil equivalent and an average production of 1,234 thousand barrels per day in 2023. The stock's current trading volume is 3,089,627, with a slight increase of 0.4% in price, standing at $65.25. Analysts from Mizuho and Morgan Stanley have provided ratings with an average price target of $70.5.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:45 pm

DJT

Trump Media shares are trading lower following the company's announcement that it anticipates ongoing operating losses and negative cash flows from operating activities for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:43 pm