Streetbeat News

Stock Prices

ETCUSD

Ethereum Classic (ETC) saw a 3.3% increase to $34.69, moving in sympathy with Bitcoin's rise to $66,000. The increase in Bitcoin's price is leading investors to diversify into altcoins like ETC, driving demand. Speculative trading on ETC's short-term price movements is also contributing to its volatility and trading volume. Bitcoin's surge is backed by a significant trading volume and market cap, indicating strong investor confidence and potential for further increases.

Portfolio Pulse from Henry Khederian

March 04, 2024 | 5:23 pm

RDNT

RadNet shares surged following Truist Securities' decision to maintain a Buy rating on the stock, while also increasing the price target from $42 to $51.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:22 pm

PLTR

Recent analysis of unusual options activity for Palantir Technologies (NYSE:PLTR) shows a bullish sentiment among investors, with a significant volume of calls over puts. The observed trades suggest expectations for PLTR's stock price to range between $18.0 and $30.0. Notably, there were significant call trades with varying sentiments and expiration dates. Palantir, a data analytics firm, has seen its stock price decrease by -2.13% to $24.4, with an upcoming earnings announcement in 63 days. Analyst ratings for PLTR vary, with a consensus target price of $20.0, but predictions range from $5 to $30.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:17 pm

MRNA

Financial analysis reveals a bearish trend in options trading for Moderna (NASDAQ:MRNA), with 62% of trades showing bearish tendencies. The analysis highlighted 8 unusual trades, with a focus on a price range of $40.0 to $120.0 for Moderna over the last 3 months. The largest options trades include both calls and puts with varying sentiments and strike prices. Moderna, a commercial-stage biotech, has seen its stock price slightly decrease by -0.42%, with a current price of $94.66. Analyst ratings in the last month have varied, with an average target price of $100.67.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:17 pm

BL

BlackLine's stock is trading higher following the announcement that it will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:12 pm

BGC

BGC Group's shares have seen an increase following the announcement that the company will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:10 pm

NIO

Nio Inc (NYSE:NIO) is set to report its Q4 financial results, with analysts expecting a loss of 55 cents per share and revenue of $2.34 billion. The company previously missed revenue estimates and reported a loss of 44 cents per share in the same quarter last year. Analysts have recently downgraded NIO and lowered price targets. Key items to watch include updates on vehicle production, deliveries, and the ET9 luxury sedan's pre-orders. NIO's shares are nearing 52-week lows, down 39% over the last year.

Portfolio Pulse from Chris Katje

March 04, 2024 | 5:10 pm

BHVN

Biohaven's stock price increased following an upgrade by HC Wainwright & Co, which maintained a Buy rating and raised its price target from $50 to $63.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:09 pm

MGEE

MGE Energy's stock is trading higher following the announcement that it will be included in the S&P SmallCap 600 index. This inclusion is a significant milestone for the company and is expected to increase its visibility among investors, potentially leading to increased demand for its shares.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:07 pm

X

Nippon Steel's executive VP, Takahiro Mori, plans to meet the USW chief to gain support for the $14.9 billion acquisition of U.S. Steel, aiming to finalize the deal by September. The merger faces opposition from lawmakers and concerns about national security, but Mori is optimistic, citing plans to maintain jobs and introduce advanced technologies. The deal's approval hinges on a shareholder vote, delayed for additional SEC paperwork, with hopes that union support will mitigate political challenges. Mori warns that rejecting the deal could deter Japanese investment in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:05 pm