Streetbeat News

Stock Prices

FWRD

Forward Air Corporation (NASDAQ:FWRD) has amended its merger agreement with Omni Logistics, reducing the cash payment to Omni shareholders from $150M to $20M and adjusting their equity stake from 37.7% to 35%. This amendment resolves litigation between the parties, who now aim to close the transaction by the end of the week. Forward's CEO believes the acquisition will accelerate their growth strategy and create significant long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:58 pm

FWRD

Shares of Forward Air (FWRD) are trading higher after the company reportedly settled its case with Omni.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:54 pm

NSC

Norfolk Southern's stock (NSC) has been upgraded by Bernstein from Market Perform to Outperform, with a new price target set at $272.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:52 pm

IDA

Guggenheim analyst Shahriar Pourreza downgraded Idacorp (NYSE:IDA) from Buy to Neutral and set a price target of $93. This change in rating may influence the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:50 pm

INDB

Keefe, Bruyette & Woods analyst Christopher O'Connell has maintained a 'Market Perform' rating on Independent Bank (NASDAQ:INDB) but lowered the price target from $66 to $64.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:50 pm

ALK

BA

Alaska Air has reported that their checks on Boeing 737-900ER aircraft have revealed no issues so far. This follows a directive for inspections due to potential fuselage skin cracks.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:47 pm

ACHR

Shares of Archer Aviation Inc (ACHR) are surging after the company announced a Space Act Agreement with NASA for joint efforts in battery characterization. The collaboration will focus on testing battery cells' safety, energy, and power performance for aerospace applications, including eVTOL, eCTOL aircraft, and potential space usage. Archer's battery system for its Midnight electric air taxi will be tested by NASA, with results aimed at advancing the AAM industry. ACHR stock rose 5.43% to $5.34.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:45 pm

DWAC

FSLY

NS

RUM

SGMT

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

DWAC

Shares of Digital World Acquisition Corp (NASDAQ:DWAC) surged after Florida Gov. Ron DeSantis ended his presidential campaign and endorsed former President Donald Trump. DeSantis's endorsement comes ahead of the New Hampshire primary and follows Trump's significant win in the Iowa caucus. Digital World is a SPAC planning to merge with Trump Media & Technology Group, and its shares were up 26.5% at the time of writing.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 3:43 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading Bitcoin ATM operator, has ordered 500 new BTM kiosks from Genmega, a top ATM and kiosk manufacturer. The company aims to deploy these units as part of its expansion strategy throughout 2024 and beyond. This move follows Bitcoin Depot's recent achievements, including becoming the largest BTM operator in North America, going public on a major U.S. stock exchange, and receiving recognition from Forbes 30 Under 30, Deloitte's 2023 Technology Fast 500, and the 2023 Inc. 5000.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:42 pm