Streetbeat News

Stock Prices

FANG

Diamondback Energy is launching a secondary offering of 11.27 million shares by certain stockholders, with no proceeds going to the company. Diamondback plans to repurchase 2 million shares as part of its existing program.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:56 pm

QQQ

SPY

VIX

Traders are preparing for potential market volatility on Friday due to the 'Triple Witching' event, where over $5 trillion in options are set to expire. This could disrupt the recent market rally spurred by the Federal Reserve's rate cut. Goldman Sachs highlights the record-breaking options expiration and recommends hedging with VIX calls.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 8:54 pm

NKE

Nike's stock surged 9% in after-hours trading following the announcement of a CEO transition. Elliott Hill will take over as CEO on October 14, succeeding John Donahoe, who will retire but remain an advisor until January 2025. Hill's extensive experience and leadership at Nike are expected to drive the company's next growth phase.

Portfolio Pulse from Adam Eckert

September 19, 2024 | 8:52 pm

BATL

Battalion Oil Corp shares rise following the amendment of its Merger Agreement with Fury Resources, which involves the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:50 pm

LOW

Investors with significant capital have shown interest in Lowe's Companies (NYSE:LOW) through unusual options activity, with a mix of bullish and bearish sentiment. The options trades suggest a price range of $200 to $280 for LOW. Analysts have mixed ratings, with target prices ranging from $230 to $265.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 8:47 pm

PG

Financial giants are showing a bearish sentiment on Procter & Gamble (NYSE:PG) with 55% of options trades being bearish. The stock is currently trading at $171.54, down 1.37%. Analysts have set an average price target of $188.0, with recent upgrades from DZ Bank. The next earnings report is due in 27 days.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 8:47 pm

ADBE

Adobe's CFO, Daniel Durn, sold a total of 6,500 shares in open market transactions at prices of $515.23 and $515.90 per share on September 17. This insider trading activity may influence investor sentiment regarding Adobe's stock.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:44 pm

CHWY

Chewy, Inc. (NYSE:CHWY) announced a $500M underwritten offering of shares by its largest shareholder, Buddy Chester Sub LLC. Concurrently, Chewy will repurchase $300M of its stock from the selling stockholder at the offering price, separate from its existing repurchase program.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:42 pm

CHWY

Chewy's stock is trading lower following the announcement of a public offering of shares by a selling stockholder and a concurrent share repurchase.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:42 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares rose after the Federal Reserve cut interest rates by 50 basis points. The company is set to report its second-quarter results, with analysts expecting a loss of 21 cents per share and $460.089 million in revenue. A recent probe by the National Highway Traffic Safety Administration into VinFast's EVs could impact the stock. Analysts have a positive outlook with a 12-month price target of $8.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 8:39 pm