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Stock Prices

MTN

Barclays analyst Brandt Montour has maintained an Underweight rating on Vail Resorts (NYSE:MTN) and lowered the price target from $217 to $201.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:12 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced an offer for long-term shareholders to receive early delivery of the Foundation Series Cybertruck. Eligibility requires a reservation in the participant's name before March 1, 2024, and proof of owning Tesla shares on specific dates with a minimum of 500 shares by Feb. 29, 2024. The offer aims to reward loyal shareholders amidst high demand and production challenges, with Tesla aiming to deliver 250,000 Cybertrucks in North America by 2025.

Portfolio Pulse from Anan Ashraf

March 12, 2024 | 10:00 am

TSN

Tyson Foods Inc (NYSE:TSN) is permanently closing its pork facility in Perry, Iowa, as part of its strategy to streamline operations amid declining profits. The closure is part of a series of shutdowns affecting thousands of jobs. Despite market challenges, Tyson's pork division saw a profit turnaround in the last fiscal quarter. The Perry plant closure may impact around 1,200 employees, with Tyson encouraging affected workers to consider other positions within the company.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 9:58 am

ABNB

Airbnb, Inc. (NASDAQ:ABNB) announced a global ban on indoor security cameras in listings to prioritize customer privacy. The updated policy also includes stricter guidelines for outdoor cameras and devices like noise monitors, while allowing doorbell cameras and noise decibel monitors. The policy change, effective April 30, aims to provide clearer rules for the Airbnb community. The company has seen a 40% share price increase over the past year and reported strong financial results for the fourth quarter, including $63 million in net cash from operating activities. Airbnb also initiated a $6 billion share repurchase program and forecasts first-quarter revenue between $2.03 billion and $2.07 billion, with expectations of a higher take rate and moderate nights booked growth.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 9:47 am

ACAD

AEVA

ASAN

OCUL

ACADIA Pharmaceuticals' shares fell sharply in pre-market trading after its Phase 3 trial for schizophrenia treatment failed to meet the primary endpoint. Other stocks like Ocular Therapeutix, Aeva Technologies, and Asana also saw declines due to various reasons including poor financial results and reverse stock split announcements.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 9:36 am

SONX

Stifel analyst Jonathan Block downgraded Sonendo (OTC:SONX) from Buy to Hold and reduced the price target from $1 to $0.25.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:22 am

EQT

ETRN

GNE

IGT

IHS

KSS

The CNN Money Fear and Greed index remained in the 'Greed' zone on Monday, with U.S. stocks closing mixed and the S&P 500 falling for the second session. The Dow Jones closed higher, while the Nasdaq Composite fell. EQT Corporation announced a merger with Equitrans Midstream Corporation, and Genie Energy Ltd.'s shares fell following Q4 results. Investors await earnings from International Game Technology PLC, IHS Holding Limited, and Kohl's Corporation.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 8:50 am

ADM

CVGW

IGT

KSS

ORCL

U.S. stock futures are trading higher, with focus on Kohl's, Oracle, Archer-Daniels-Midland, Calavo Growers, and International Game Technology due to earnings reports and stock movements. Kohl's is expected to report earnings of $1.28 per share on $5.70 billion revenue. Oracle reported higher earnings but missed sales estimates, causing a 14.3% stock increase. Archer-Daniels-Midland, Calavo Growers, and International Game Technology are also in focus for their earnings reports, with mixed after-hours trading responses.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 8:49 am

DOGEUSD

SHIBUSD

'BONK Killer' Milli has surged 20% in the last 24 hours, outperforming Dogecoin and Shiba Inu. The surge is attributed to its recent listing on CoinMarketCap, with Milli experiencing 1,915 transactions and a volume of $463.95K in the last day. Milli aims for a $15M market cap, currently valued at $5.9M.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 8:40 am

RERE

ATRenew Inc. (NYSE:RERE), a leading pre-owned consumer electronics platform in China, has announced a $20M share repurchase program authorized by its board, to be executed over the next twelve months.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:31 am