Streetbeat News

Stock Prices

SHEL

Shell PLC (NYSE:SHEL) has agreed to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies, for $1.3 billion. Additional payments to Shell could reach $1.1 billion related to receivables and cash balances. The deal aims to preserve SPDC's operational capabilities and Shell will continue to support SPDC JV facilities supplying gas to Nigeria LNG. Shell's stock is trading lower by 1.13% at $63.08 in premarket.

Portfolio Pulse from Shivani Kumaresan

January 16, 2024 | 2:22 pm

ANSS

SNPS

ANSYS, Inc. (ANSS) shares have declined following the announcement that Synopsys, Inc. (SNPS) will acquire ANSS for $19 billion, representing a 29% premium.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:21 pm

AAPL

AI

BABA

MARA

MSFT

NVDA

QQQ

SNOW

TSLA

ZIM

The top 10 trending stocks on WallStreetBets as of January 16, 2024, are TSLA, NVDA, MSFT, AI, ZIM, QQQ, MARA, AAPL, BABA, and SNOW, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:15 pm

BA

Boeing Co (NYSE:BA) stock is trading lower due to additional quality inspections required for its 737 MAX jets after a cabin panel incident on an Alaska Airlines flight. Boeing plans to oversee work at Spirit AeroSystems and conduct checks at 50 other points. The FAA extended grounding orders for Boeing Max 9s, and United and Alaska Airlines canceled flights. Additionally, Wells Fargo downgraded Boeing from Overweight to Equal-Weight and lowered the price target from $280 to $225.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 2:15 pm

BA

Boeing's stock (BA) trades lower following a downgrade by Wells Fargo from Overweight to Equal-Weight and a reduction in the price target from $280 to $225.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:15 pm

LAND

Gladstone Land Corporation has successfully sold a farm in Florida for $65.7 million, which represents a 22% increase over the original purchase price of the property.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:11 pm

TAST

Carrols Restaurant Group's stock (TAST) is trading higher following the announcement that Restaurant Brands International will acquire the company. This acquisition is significant as it may affect the market position and future growth prospects of Carrols Restaurant Group.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:11 pm

LYFT

UBER

Uber Technologies Inc (NYSE:UBER) has seen a 117% increase in stock price over the past year, but technical indicators like a falling on-balance volume (OBV) suggest potential resistance and a possible price drop. Despite strong fundamentals and market dominance, Uber's high forward P/E ratio of 165 raises valuation concerns. Analysts from Needham and Goldman Sachs maintain buy ratings with price targets of $63 and $78, respectively. Lyft Inc (NASDAQ:LYFT) is mentioned as Uber's closest peer, which Uber has outperformed.

Portfolio Pulse from Surbhi Jain

January 16, 2024 | 2:11 pm

TORO

Toro Corp. (NASDAQ:TORO) has entered into an agreement to sell the M/T Wonder Sirius tanker for $33.8 million, with an expected net gain of $20.9 million. The delivery to the new owner is scheduled for the first quarter of 2024, and the gain will be recorded in the same quarter, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:10 pm

UNH

RBC Capital analyst Ben Hendrix has reiterated an Outperform rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $596.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:10 pm