Streetbeat News

Stock Prices

SHOP

Investors have shown a bearish stance on Shopify (NYSE:SHOP) through unusual options trading activity, with a sentiment split of 12% bullish and 87% bearish. Significant trading activity aims for a price range of $70.0 to $120.0 over the next three months. Shopify's current trading volume is 642,559, with a 1.0% price increase to $77.0. Analyst ratings in the last month have varied, with target prices ranging from $63 to $100.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

KNSL

Analysts have varied opinions on Kinsale Cap Gr (NYSE:KNSL), with recent ratings ranging from bullish to bearish. The average 12-month price target has been raised to $506.25, indicating a 22.97% increase from the previous target. Key analysts from JP Morgan, RBC Capital, and Truist Securities have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Kinsale Capital Group Inc, an insurance holding company, has shown strong financial performance with notable revenue growth, high net margin, and exceptional ROE and ROA, outperforming industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

DELL

Dell Technologies (NYSE:DELL) has outperformed the market over the past 5 years, achieving an average annual return of 26.7%, with a current market capitalization of $65.95 billion. A $1000 investment in DELL 5 years ago would be worth $3,313.29 today.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market over the past 20 years, with an annualized return of 18.64%, turning a $1000 investment into $30,294.72 today. The company's market capitalization stands at $251.44 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

BNBUSD

BNB (CRYPTO: BNB) has seen a 3.69% increase in price over the last 24 hours, reaching $398.9, continuing a positive trend with a 12.0% gain over the past week from $351.56. The coin's all-time high is $686.31. Trading volume for BNB has increased by 36.0% over the past week, and its circulating supply has decreased by 0.21%, now at 76.93% of its max supply. BNB's current market cap is $61.26 billion, ranking it #4.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

MTRS

Metros Development Co., Ltd. (MTRS) is set to IPO on NASDAQ on February 27, with shares priced between $8.00 and $9.00. The company, specializing in identifying and reselling underdeveloped real estate properties, has a 180-day insider lock-up period ending on August 25, 2024.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:00 pm

IFBD

Infobird shares have resumed trading. This development is significant for investors and traders who follow the stock.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:59 pm

KOS

Kosmos Energy Ltd (NYSE:KOS) reported a Q4 fiscal 2023 revenue of $507.81 million, a 10% decline YoY but above consensus of $477.73 million. Net production increased 12% YoY to 66,000 boepd. Adjusted EPS was $0.31, beating the $0.24 consensus. The company faced production challenges due to decreased water injection at Jubilee, now resolved. With new projects, production is expected to increase. Operating cash flow decreased to $765.17 million from $1.13 billion YoY. KOS expects 2024 production of 71,000 – 77,000 boe per day and capital expenditure of $700 million – $750 million. KOS shares fell 3.1% to $5.78.

Portfolio Pulse from Akanksha Bakshi

February 26, 2024 | 2:58 pm

BOOK

ETSY

MELI

NVDA

PANW

RIVN

Hedge funds are selling off technology stocks, influenced by Nvidia Corp.'s recent earnings announcement and concerns about the sustainability of the sector's momentum. This trend was observed by Goldman Sachs Group Inc.'s prime brokerage, noting a significant sell-off in tech stocks, with Nvidia's trading activity spiking. Analyst Peter Callahan highlighted concerns over future momentum amid macroeconomic shifts and interest rate adjustments. Stocks like Palo Alto Networks Inc., Rivian Automotive Inc., Booking Holdings Inc., MercadoLibre Inc., and Etsy Inc. experienced notable price drops, reflecting market reassessment of tech growth prospects.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 2:53 pm

HOLO

MicroCloud Hologram's shares were halted due to a circuit breaker triggered by a downside movement, despite the stock being up 82.9%.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:52 pm