Streetbeat News

Stock Prices

MAT

Mattel shares were temporarily halted and have now risen by 5.18%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:29 pm

APD

Air Products shares are trading lower following the announcement of management changes.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:28 pm

SBUX

Starbucks shares are trading lower after a previous rise on Friday due to a report suggesting Elliott has an undisclosed stake in the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:27 pm

CMA

Comerica Inc (NYSE:CMA) reported its second-quarter results, leading to mixed analyst reactions. Truist Securities downgraded the stock from Buy to Hold, RBC Capital Markets reiterated an Outperform rating, and Piper Sandler maintained a Neutral Overweight rating. Analysts expressed concerns over non-interest bearing deposit outflows and revised earnings estimates for 2024 and 2025.

Portfolio Pulse from Priya Nigam

July 22, 2024 | 3:25 pm

TAL

TAL Education Group (NYSE:TAL) shares are up 7.48% to $10.85 due to China's reduction of key interest rates, which is expected to boost spending and investment, including in education. The sector's resilience during economic fluctuations makes TAL an attractive investment.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:22 pm

TCOM

Trip.com Group Ltd (NASDAQ:TCOM) shares are trading higher by 4.1% to $47.25 after China lowered key interest rates, which is expected to boost economic activity and travel demand. This could lead to increased bookings and revenue for Trip.com.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:22 pm

CLW

FDM

RZV

Clearwater Paper Corporation (NYSE:CLW) has agreed to sell its tissue business to Sofidel America Corporation for $1.06 billion. The transaction is expected to close in late 2024, with net proceeds of around $850 million to be used for debt reduction and growth initiatives. CLW shares rose 9.66% following the announcement. Investors can also gain exposure through Invesco S&P Smallcap 600 Pure Value ETF (NYSE:RZV) and First Trust DJ Select MicroCap ETF (NYSE:FDM).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 3:21 pm

LPRO

Open Lending shares are trading lower after Needham downgraded the stock from a Buy rating to a Hold.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:20 pm

ALLY

Ally Financial's short interest has decreased by 5.0%, with 8.06 million shares sold short, representing 2.66% of its float. This is lower than the peer group average of 8.02%. The decrease in short interest suggests a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 3:15 pm

FICO

Fair Isaac's (NYSE:FICO) short interest has risen by 13.51%, with 4.37% of its float sold short. This is higher than its peers' average of 3.71%. It would take traders 4.07 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 3:15 pm