Streetbeat News

Stock Prices

AWIN

CISS

IPW

JBLU

KULR

LASE

MRT

MSM

SNTG

SOAR

TPCS

WLGS

In Tuesday's pre-market session, several industrial stocks showed significant movement. Sentage Holdings (SNTG) saw a sharp increase of 94.4%, while MSC Industrial Direct Co (MSM) experienced a decline of 6.9% after releasing Q1 earnings. Other notable gainers include Laser Photonics (LASE), Techprecision (TPCS), WANG & LEE Group (WLGS), Marti Techs (MRT), and AERWINS Technologies (AWIN). Conversely, C3is (CISS), iPower (IPW), Volato Group (SOAR), KULR Tech Gr (KULR), and JetBlue Airways (JBLU) were among the losers.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:05 pm

HPE

JNPR

LEDS

MOB

SMX

TAOP

WRAP

In Tuesday's pre-market session, Juniper Networks (JNPR) saw a significant increase of 25.8%, while Hewlett Packard (HPE) experienced a notable decrease of 8.3%. Other IT stocks showed mixed movements with SMX, MOB, LEDS, TAOP, and WRAP gaining, and SGN, MRIN, SPEC, EXTR, and ARBK declining.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:05 pm

LSEA

Landsea Homes Corporation has completed the acquisition of Antares Homes for $232.2 million, significantly expanding its presence in the Texas housing market. This strategic move is expected to enhance Landsea Homes' product offerings and market reach in the region.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:05 pm

Shares of Unity Software Inc (NYSE:U) are up after the company announced a workforce reduction of about 25%, or 1,800 employees, to focus on its core business for long-term growth. The costs related to the job cuts are not yet estimated but are expected to be largely incurred in Q1 2024. This follows a previous job termination of 3.8% of its workforce in November. Unity's stock price rose 2.62% to $40.00 in premarket trading on Tuesday.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 1:03 pm

CUTR

Cutera, Inc. has updated its FY23 revenue forecast to $211.5M-$212.5M, an increase from the previous guidance of approximately $205M. This revision indicates a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:02 pm

ABNB

Airbnb (NASDAQ:ABNB) has been reviewed by 11 analysts in the last three months, with a mix of ratings from bullish to bearish. The average 12-month price target is $130.09, down 9.38% from the previous average. Analysts from firms like BMO Capital, Barclays, and Jefferies have adjusted their price targets and ratings, reflecting a cautious outlook. Airbnb's financial performance shows strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio. The company is a major player in the online accommodation and travel industry, with over 7 million listings and significant revenue from North America.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:00 pm

Parker Hannifin (NYSE:PH) has seen a decrease in short interest, with the short percent of float dropping to 0.75%, representing 955 thousand shares. The current short interest is below the peer group average of 3.38%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in the stock price.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:00 pm

Morgan Stanley's (NYSE:MS) short interest has increased by 7.8% since the last report, with 19.16 million shares sold short, representing 1.52% of available shares. It would take 1.98 days to cover all short positions. While this rise in short interest can indicate bearish sentiment, it's not a definitive predictor of a price drop. Morgan Stanley has less short interest compared to its peer group average of 4.85%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:00 pm

SEMR

Piper Sandler analyst Brent Bracelin has downgraded SEMrush Holdings (SEMR) from Overweight to Neutral and set a price target of $14. This change reflects a revised outlook on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:59 pm

ALL

Goldman Sachs analyst Alex Scott has reaffirmed a Buy rating on Allstate (NYSE:ALL) and increased the price target from $141 to $164, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:59 pm