Streetbeat News

Stock Prices

ZVSA

ZyVersa Therapeutics' shares surged following the announcement of a scientific paper's publication in a peer-reviewed journal, supporting the use of IC 100 to potentially reduce cardiac comorbidities in Alzheimer's Disease patients.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:02 pm

HOPE

TBNK

Hope Bancorp, Inc. (HOPE) and Territorial Bancorp Inc. (TBNK) announced a definitive merger agreement, with Territorial shareholders to receive 0.8048 shares of Hope Bancorp stock for each share of Territorial stock, in a deal valued at approximately $78.6 million. The merger aims to create the largest regional bank serving multi-ethnic communities across the continental U.S. and Hawaii, preserving the Territorial Savings Bank brand and expanding the combined company's footprint, diversifying its loan mix, and enhancing its deposit base and customer services. The transaction is expected to close by the end of 2024, subject to regulatory and shareholder approvals, and is anticipated to be immediately accretive to Hope Bancorp's earnings.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:02 pm

EMN

Eastman Chemical (NYSE:EMN) reported Q1 earnings surpassing expectations with adjusted earnings of $1.61 per share against the forecasted $1.43. Sales reached $2.310 billion, slightly above estimates of $2.293 billion. The company observed strong demand across key markets and confirmed FY2024 earnings guidance of $7.25 to $8.00 per share. Following the announcement, B of A Securities and Jefferies revised their price targets for EMN, with B of A Securities reducing it to $112 and Jefferies raising it to $125.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:01 pm

KORE

Trading of KORE Group Holdings shares has been temporarily halted, with an announcement indicating that news is pending.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:01 pm

BRLT

Analysts have diverse views on Brilliant Earth Group (NASDAQ:BRLT), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $3.5, down 25.53% from $4.70, indicating a negative outlook. The company's financial performance shows strong revenue growth and profitability, but it faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 1:01 pm

ALB

ALTM

LAC

SQM

Shares of lithium stocks, including ALB, ALTM, LAC, and SQM, are trading higher following reports that Saudi Arabia is seeking to acquire lithium from abroad to support its electric vehicle (EV) initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:01 pm

ROP

Roper Techs (NASDAQ:ROP) has been analyzed by 8 analysts, showing a diverse range of perspectives with an average 12-month price target of $590.38, up from $567.57. Analysts have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Roper is a diversified technology company, focusing on software and technology-enabled products, showing solid revenue growth and strong profitability but below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 1:00 pm

TBNK

Shares of Territorial Bancorp (TBNK) have been halted pending the release of significant news. This action typically indicates that the company is about to announce news that could have a substantial impact on its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:00 pm

TBNK

Trading for TBNK was halted at 8:55:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:55 pm

CL

Colgate-Palmolive Company (NYSE:CL) reported better-than-expected Q1 FY24 earnings, with a 6.2% sales growth to $5.065 billion and non-GAAP EPS of 86 cents, surpassing analyst estimates. The company saw a 6.8% increase in Total Oral, Personal, and Home Care net sales and a significant operating margin expansion. Following the earnings announcement, Colgate raised its FY24 net sales and organic sales growth guidance. Shares rose 1.9% to close at $91.01. Analysts from RBC Capital, B of A Securities, and Stifel adjusted their price targets upwards in response.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:54 pm