Streetbeat News

Stock Prices

APD

DMK

NSTG

Air Products and Chemicals, Inc. (APD) shares fell by around 15% after reporting Q1 financial results below expectations and lowering FY24 EPS guidance. Other stocks showed significant movements, with notable gainers including Yield10 Bioscience (YTEN) and 4D Molecular Therapeutics (FDMT), and losers like NanoString Technologies (NSTG) and DMK Pharmaceuticals (DMK) due to bankruptcy proceedings.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 5:56 pm

SPR

BofA Securities analyst Ronald J. Epstein maintains a Neutral rating on Boeing Co (NYSE:BA) with a price target of $225, despite the FAA's halt on 737 production. The halt is expected to pressure Boeing's 2025/2026 production and FCF targets but is seen as beneficial in the long term for a stronger production system. The analyst raised FY24 and FY25 EPS estimates but lowered FY26 forecasts due to new quality defects in 737 Max airplanes discovered by Boeing's supplier, Spirit AeroSystems Holdings Inc (NYSE:SPR), potentially delaying deliveries. Boeing's Q4 revenue increased by 10% YOY, with an adjusted loss per share improvement.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 5:55 pm

DOCU

DocuSign shares are trading lower after reports emerged that acquisition discussions with Bain Capital and Hellman & Friedman have stalled. This news has negatively impacted investor sentiment towards DocuSign, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:53 pm

DOCU

Deep-pocketed investors have shown a bearish trend towards DocuSign (NASDAQ:DOCU), with options trading data revealing a significant move. Benzinga's tracking highlighted 13 extraordinary options activities, with a sentiment split of 46% bullish and 53% bearish. The targeted price range for DOCU over the last 3 months is between $50.0 and $65.0. The current market status shows DOCU's price down by -1.41% at $57.3, with a neutral RSI. Analyst ratings vary, with a consensus target price of $66.0 but differing views from RBC Capital, JMP Securities, and Morgan Stanley.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:45 pm

KVYO

Goldman Sachs analyst Gabriela Borges upgraded Klaviyo Inc (NYSE:KVYO) from Neutral to Buy, maintaining a price target of $36. Despite a 22% underperformance over the past three months, Borges sees 2024 as a pivotal year with three main catalysts: overdone concerns around email spam filtering changes, potential market share gains, and upside to estimates from company-specific drivers and stable consumer spending. Shares of Klaviyo rose 4.8% in premarket trading.

Portfolio Pulse from Priya Nigam

February 05, 2024 | 5:42 pm

AXS

CRD

FGFPP

GSHD

TIRX

WDH

Insurance stocks experienced notable movements in Monday's intraday session. Gainers included Waterdrop, FG Finl Gr, Goosehead Insurance, Axis Capital Holdings, Abacus Life, and HCI Group with increases ranging from 1.21% to 7.46%. Losers were Crawford, Tian Ruixiang Holdings, Root, James River Gr Hldgs, Huize Holding, and FG Finl Gr with decreases between 4.42% and 5.92%. The movements reflect individual company dynamics and broader industry trends.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:40 pm

BAC

COIN

NYCB

OSCR

Today's session highlighted significant options activity for several financial stocks, indicating potential trading opportunities. Notable movements include bullish sentiment on NYCB, MS, BAC, ABR, SOFI, HOOD, and JPM options, while COIN, OSCR, and CMA options showed bearish sentiment. This activity, tracked by Benzinga's options activity scanner, suggests investors are actively seeking positions that diverge from the market's normal valuation, potentially impacting the short-term price direction of these stocks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

AMZN

BURL

CPS

GCT

NIO

RIVN

SONO

TSLA

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading in stocks like TSLA, RIVN, SONO, F, BURL, AMZN, NIO, GCT, LI, and CPS. The activity ranged from bullish to bearish sentiments, with significant trades in both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

AAPL

AMD

NVDA

PLTR

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for companies like AAPL, NVDA, AMD, PLTR, ARM, ORCL, MSFT, SMCI, AVGO, and CLSK. The activity varied from bearish to bullish sentiments across different expiration dates and strike prices, indicating diverse market expectations for these stocks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

BOWL

SLNA

SPGC

In Monday's intraday session, 11 consumer discretionary stocks showed significant movement. Selina Hospitality (SLNA) led the gainers with a 28.0% increase, while Sacks Parente Golf (SPGC) experienced the largest drop among the losers, falling 20.4%. Bowlero (BOWL) also stood out with an 18.27% rise following their Q2 earnings release.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:31 pm