Streetbeat News

Stock Prices

ATKR

Atkore (NYSE:ATKR) has seen a decrease in short interest, with 4.56 million shares sold short, representing 16.19% of its float. This is a 6.36% drop from its last report, requiring 14.24 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and Atkore's short interest is higher than its peer group average of 9.41%. This suggests varying investor sentiment towards Atkore, with the current decrease potentially signaling a more bullish outlook.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:30 pm

PFG

Principal Financial Group, Inc. (NASDAQ:PFG) is anticipated to release its Q4 earnings on Feb. 12, with expected earnings of $1.68 per share and revenue of $3.60 billion. Evercore ISI Group upgraded PFG from Underperform to In-Line, raising the price target from $82 to $83. PFG offers a 3.45% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $174,105 is needed. PFG shares fell 0.5% to close at $77.76 recently.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:27 pm

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is expanding its global footprint by constructing a second factory in Japan, aiming to diversify chip production and reduce reliance on its Taiwan facilities. The new plant in Kumamoto will produce advanced 6-nanometer chips and is expected to be operational by 2027. This expansion is part of TSMC's strategy to increase its production capacity outside Taiwan to over 20% by 2028. The company's stock (TSM) saw a premarket increase of 0.76% to $134.74, following a 38% gain last year driven by the AI technology demand surge.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 1:23 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has rejected a slate of five director nominees proposed by Trevor Milton's entity, M&M Residual, LLC, for its 2024 Annual Meeting. The nominees were deemed to lack public company experience and the necessary expertise for Nikola's zero-emissions trucking and energy infrastructure business. Milton, separated from Nikola since September 2020 and convicted of securities and wire fraud, has had no involvement in day-to-day operations. Nikola's Board, comprising experts in various fields relevant to the company's business, remains committed to its strategic initiatives and long-term financial strength.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:14 pm

RVIV

REVIV3, soon to be AXIL Brands, Inc., has been approved for listing on the NYSE American, with a corporate name change effective February 14, 2024, and a ticker symbol change from 'RVIV' to 'AXIL'.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:12 pm

UAVS

AgEagle Aerial Systems Inc. (UAVS) announced a 1-for-20 reverse stock split effective February 9, 2024, to maintain its NYSE American listing. The split affects all shareholders uniformly, without changing ownership percentages, except for rounding fractional shares to whole. No action is required from shareholders holding shares in brokerage accounts.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:12 pm

BG

CYBR

EG

NOTV

RL

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to significant price movements. Notable adjustments include Telsey Advisory Group raising Ralph Lauren's target, HSBC upgrading Bunge Global, and Needham increasing CyberArk Software's target. Other companies like Inotiv, Everest Group, Spectrum Brands, Albemarle, Paylocity Holding, Curis, and Liberty Global also saw changes in their analyst forecasts.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:11 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a positive trend in its stock price for the second consecutive session, with a notable increase of 6.2% to $16.11 on Thursday and a further rise of 3.91% to $16.74 in premarket trading on Friday. This momentum is supported by the introduction of two new entry-level battery options for its R1T and R1S models, which not only expand the product range but also lower the entry price by $3,100. Additionally, the potential for a federal tax credit of $3,750 could further incentivize purchases. Rivian is also generating excitement with its upcoming quarterly results announcement on Feb. 21 and the launch of its second-gen vehicle, the R2, on Mar. 7.

Portfolio Pulse from Shanthi Rexaline

February 09, 2024 | 1:10 pm

CTRM

ILAG

PCTY

SUNW

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Intelligent Living, Sunworks, and Jet AI experienced substantial gains, while Roma Green Finance, Paylocity Holding, and Greenwave Tech Solutions saw notable declines. Paylocity's drop was attributed to its Q2 earnings report, and Castor Maritime's decline followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

EXPE

GSUN

PLCE

In Friday's pre-market session, there were notable movements in the consumer discretionary sector. Golden Sun Health (GSUN) led the gainers with a 34.0% increase, while Children's Place (PLCE) experienced the largest drop among the losers, falling 48.9%. Expedia Group (EXPE) also saw a significant decline of 15.36% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm