Streetbeat News

Stock Prices

BREA

CDMO

LYT

MEI

MNMD

VSCO

U.S. stocks saw gains with the S&P 500 increasing by 1.06%. Kroger (NYSE:KR) reported better-than-expected Q4 earnings but slightly missed sales estimates. Lytus Technologies (NASDAQ:LYT), Mind Medicine (NASDAQ:MNMD), and Brera Holdings (NASDAQ:BREA) saw significant stock price increases due to positive company news. Conversely, Victoria's Secret (NYSE:VSCO), Methode Electronics (NYSE:MEI), and Avid Bioservices (NASDAQ:CDMO) experienced notable declines following their earnings reports and financial updates.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 7:31 pm

AAPL

FINX

IPAY

PYPL

PayPal Holdings, Inc (NASDAQ:PYPL) has launched Tap to Pay on Apple Inc (NASDAQ:AAPL) iPhones for Venmo business profile and PayPal Zettle users in the U.S., enabling contactless payments directly on iPhones at no extra cost. This move aims to support small businesses by offering an easy, cost-effective way to accept various payment methods, enhancing their sales and financial management. The feature simplifies transactions and broadens the customer base for Venmo users. PayPal's Q4 revenue was $8.03 billion, surpassing estimates, with a 15% increase in total payment volumes year-over-year. Investors can also engage with this trend through ETFs like Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 7:31 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a 13.46% increase in short interest since its last report, with 2.30 million shares sold short, representing 2.36% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 4.49%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:30 pm

IEP

Icahn Enterprises (NYSE:IEP) has seen a 13.2% increase in short interest since its last report, with 4.44 million shares sold short, representing 4.03% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. IEP's short interest is significantly higher than its peer group average of 0.79%.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:30 pm

PFE

The FDA has approved Pfizer Inc's leukemia drug, Besponsa, for pediatric patients aged one year and older with relapsed or refractory CD22-positive B-cell precursor acute lymphoblastic leukemia (ALL). The approval is based on a study involving 53 pediatric patients, showing a complete remission rate of 22 out of 53 patients, with a median duration of 8.2 months. This follows the drug's initial approval for adults in August 2017. Pfizer's stock (PFE) saw a decrease of 1.03% to $26.91.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 7:25 pm

Foot Locker Inc (NYSE:FL) reported Q4 FY23 sales growth of 2% to $2.38 billion, surpassing estimates. Adjusted EPS of $0.38 also beat forecasts. Analysts from Morgan Stanley, Piper Sandler, Guggenheim, and Telsey Advisory Group adjusted their ratings and price targets, reflecting concerns over long-term growth, margin pressures, and the delayed achievement of EBIT margin goals. Despite these challenges, FL shares rose by 1.86% to $24.69.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 7:18 pm

GBTC

IBIT

Solana (SOL) is trading higher by 8.1% amid overall strength in the cryptocurrency market, particularly due to a surge in Bitcoin's price to a new all-time high. The increase in Solana's price reflects the market's recognition of its potential due to its high throughput and low transaction fees. Additionally, the launch of Bitcoin spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), has attracted significant interest, further boosting sentiment in the crypto space.

Portfolio Pulse from Henry Khederian

March 07, 2024 | 7:16 pm

RIVN

TSLA

Rivian Automotive unveiled its R2 SUV, aiming to compete with Tesla's Model Y. The R2, starting at $45,000, offers over 300 miles of range and fast acceleration. Rivian also teased the R3 and R3X models, emphasizing their unique features and the company's expansion plans, including a rapidly growing charging network. Rivian's stock rose 8.88% following the announcement.

Portfolio Pulse from Chris Katje

March 07, 2024 | 7:13 pm

FETUSD

Fetch.ai (CRYPTO: FET) has seen a significant increase of 14.97% in its price over the last 24 hours, reaching $2.65. This surge is part of a larger trend, with an 81.0% gain over the past week from $1.46. The coin's all-time high is $2.84. Trading volume for Fetch.ai has increased by 117.0% over the past week, and its circulating supply has risen by 0.11% to 1.04 billion, which is 90.5% of its max supply. Currently, Fetch.ai's market cap ranks #49 at $2.78 billion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:03 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) has seen a price increase of 4.64% in the last 24 hours, reaching $2.14, with a weekly gain of over 5%. The coin's trading volume decreased by 12% over the past week, while its circulating supply rose by 13.93% to 1.45 billion, representing 14.51% of its max supply. Arbitrum's market cap is now ranked #45 at $3.11 billion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 7:02 pm