Streetbeat News

Stock Prices

SUM

Summit Materials' stock price increased following RBC Capital's decision to maintain a Sector Perform rating while raising its price target from $38 to $39.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

CLBT

Cellebrite DI's stock (CLBT) is trading higher following an upgrade from B of A Securities, moving from Neutral to Buy, with a new price target set at $12.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

SWTX

SpringWorks Therapeutics shares are trading higher due to rumors of potential takeover interest.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

VKTX

Viking Therapeutics shares are trading higher due to rumors of a potential takeover by a large pharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

ABR

Arbor Realty Trust's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

BE

CHNR

CPS

HTOO

PRAA

THS

TTD

U.S. stocks traded lower with the Nasdaq Composite down 0.5%. Materials shares rose by 0.8%, while communication services fell by 1.4%. TreeHouse Foods (THS) shares fell 16% due to poor Q4 revenue and a disappointing FY24 outlook. The Trade Desk (TTD), PRA Group (PRAA), and Fusion Fuel Green (HTOO) saw significant gains. China Natural Resources (CHNR), Bloom Energy (BE), and Cooper-Standard Holdings (CPS) experienced sharp declines. Oil and gold prices rose, with oil up 1.4% and gold up 0.4%.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 8:54 pm

APLT

Applied Therapeutics' stock is trading higher following the release of positive interim 12-month results from its Phase 3 INSPIRE trial, achieving primary and key secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

SQ

Block shares are trading lower after a report surfaced about federal regulators investigating whistleblower allegations that Cash App failed to conduct proper due diligence on customers.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

DBX

Goldman Sachs analyst Kash Rangan downgraded Dropbox (NASDAQ:DBX) from Neutral to Sell and reduced the price target from $26 to $24.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

DWAC

INTU

NNOX

SMCI

SOUN

Benzinga's Stock Whisper Index highlights five stocks: INTU, NNOX, DWAC, SOUN, and SMCI. INTU gains attention from Super Bowl ads and upcoming Q2 results. NNOX rises after Nvidia's stake disclosure and FDA clearance. DWAC surges with SEC's merger approval for Trump Media. SOUN soars with investments from BlackRock and Nvidia. SMCI's stock climbs due to AI demand, with analysts turning bullish.

Portfolio Pulse from Chris Katje

February 16, 2024 | 8:54 pm