Streetbeat News

Stock Prices

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after unveiling the R2 SUV and R3 crossover. The R2, starting at $45,000 with over 300 miles range, is set to compete with Tesla's Model Y, with deliveries beginning in the first half of 2026. Production will occur at Rivian's Illinois plant, saving over $2.25 billion. Analysts have a mixed outlook on RIVN, with an average 12-month price target of $17.38, suggesting potential upside. Shares are currently up 7.6% at $13.46.

Portfolio Pulse from Erica Kollmann

March 08, 2024 | 3:41 pm

EBAY

eBay Inc (NASDAQ:EBAY) reported a Q4 earnings beat with EPS at $1.07 and revenue at $2.56 billion, exceeding estimates. The stock experienced a Golden Cross, a bullish technical signal, as its 50-day SMA crossed over the 200-day SMA. Despite a year of modest movement, eBay's stock is up 16.4% YTD, attributed to gains since mid-February. Analysts are divided on eBay, with a consensus rating of Neutral and a price target of $46.84. The company's performance and the Golden Cross signal potential bullish momentum, but investors are advised to also consider fundamental analysis.

Portfolio Pulse from Surbhi Jain

March 08, 2024 | 3:39 pm

ARWR

Arrowhead Pharmaceuticals has begun its Phase 1/2a study of ARO-DM1, aimed at treating type 1 myotonic dystrophy, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:36 pm

ARHS

Arhaus shares have experienced an increase in their trading value following the decision by multiple firms to raise their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:31 pm

EQIX

Equinix (NASDAQ:EQIX) has significantly outperformed the market with an average annual return of 21.34% over the past 15 years, turning a $100 investment into $1,762.35 today. The company's market capitalization stands at $86.30 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:31 pm

ZTS

Zoetis (NYSE:ZTS) has seen a 6.67% increase in its short percent of float since the last report, with 2.96 million shares sold short, representing 0.64% of available shares. It would take about 1.41 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards Zoetis, although it has less short interest compared to its peers, with an average of 3.95% in the peer group.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

ICLR

Over the past 20 years, Icon (NASDAQ:ICLR) has produced an average annual return of 19.81%, outperforming the market by 11.84% on an annualized basis. A $100 investment in ICLR 20 years ago would be worth $3,859.89 today, with the company currently valued at a market capitalization of $28.05 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

MAA

Mid-America Apartment (NYSE:MAA) has seen a 17.1% increase in short interest since its last report, with 3.04 million shares sold short, representing 3.15% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock performance. The company's short interest is above its peer group average of 2.70%. Short interest can serve as a market sentiment indicator, and an increase suggests investors are more bearish.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

MANH

Manhattan Associates (NYSE:MANH) has seen a 9.14% increase in short interest since its last report, with 1.02 million shares sold short, representing 2.15% of its float. This indicates a bearish sentiment among traders, although it's not a definitive predictor of stock movement. Compared to its peers, MANH has a lower short interest percentage of float (3.70%), suggesting less bearish sentiment relative to its peer group.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

IYT

PKB

XLV

XRT

In February, the U.S. saw a significant jobs growth, with the health care sector leading by adding 67,000 jobs, contributing to over a quarter of the total 275,000 jobs created. The Health Care Select Sector SPDR Fund (XLV) has seen an 8% increase this year, reflecting the sector's strong performance. Other notable job growths were in government employment, construction, transportation and warehousing, and retail trade, with respective ETFs like the Invesco Building & Construction ETF (PKB) and the iShares Transportation Average ETF (IYT) also experiencing gains.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 3:20 pm