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Stock Prices

SPY

The Federal Reserve has decided to leave the key overnight interest rate unchanged, signaling a cautious approach to monetary policy amid economic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:00 pm

SUM

Summit Materials (NYSE:SUM) has seen a 3.52% increase in its short percent of float, now at 3.82% of all regular shares available for trading. This is higher than the peer group average of 2.00%. It would take traders 4.64 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:45 pm

LUV

Artisan Partners Global Value Team has sent a letter to the Board of Directors of Southwest Airlines (NYSE:LUV), urging the board to reconstitute itself and upgrade the company's leadership. Artisan Partners holds over 10.8 million shares of Southwest Airlines, representing approximately 1.82% of the company's outstanding shares. The letter aligns with recent calls from Elliott Investment Management for significant changes in Southwest's management.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:44 pm

GME

GameStop (NYSE:GME) has completed two at-the-market offerings, raising $3 billion. Wedbush analyst Michael Pachter criticized the sale price and lowered the price target to $11. Citron Research is no longer short on GameStop, citing the company's $4 billion cash balance. Investors are optimistic about potential acquisitions and investments by CEO Ryan Cohen.

Portfolio Pulse from Chris Katje

June 12, 2024 | 5:40 pm

AAPL

MSFT

NVDA

Apple Inc. (AAPL) has surpassed Microsoft Corp. (MSFT) to become the world's largest company by market cap, following a surge in its stock price after the WWDC event. Apple's market cap is now $3.325 trillion, compared to Microsoft's $3.264 trillion. NVIDIA Corp. (NVDA) is also performing strongly, with a market cap of $3.108 trillion.

Portfolio Pulse from Hayden Buckfire

June 12, 2024 | 5:39 pm

AMC

CMCSA

CNK

GOOG

GOOGL

META

NFLX

PARA

ROKU

Today's session saw significant options activity involving major communication services stocks, including GOOGL, META, NFLX, ROKU, GOOG, CMCSA, PARA, CNK, SE, and AMC. The sentiment varied across these trades, with some showing bullish and others bearish outlooks.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:35 pm

AAPL

AMD

ARM

AVGO

ENPH

MARA

MSFT

NVDA

ORCL

TSM

Today's session saw significant options activity involving major IT stocks, with notable trades including bearish call sweeps for AAPL, NVDA, ENPH, ARM, and AVGO, and bullish call sweeps for MSFT, AMD, ORCL, MARA, and a bullish put sweep for TSM. These activities could indicate potential short-term price movements for these stocks.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:35 pm

HAE

NBSM

XHE

Needham & Co. analyst Mike Matson upgraded Haemonetics Corporation (NYSE:HAE) from Hold to Buy with a price target of $112, citing improved product mix and margin expansion. The analyst expects HAE to achieve a 27%+ operating margin by FY26, driven by higher-margin Interventional Technologies sales and reduced lower-margin Plasma sales to CSL. Investors can gain exposure via Neuberger Berman Small-Mid Cap ETF (NYSE:NBSM) and SPDR S&P Health Care Equipment (NYSE:XHE). HAE shares are up 4.55% at $87.21.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 5:34 pm

CWST

Casella Waste Systems (NYSE:CWST) has seen an 11.58% increase in short interest, with 1.97 million shares sold short, representing 3.47% of its float. This is lower than the peer group average of 6.90%. It would take traders 8.4 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:30 pm

CIEN

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55, citing cloud demand and WaveLogic 6 ramp as key growth drivers for fiscal 2025.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 5:29 pm