Streetbeat News

Stock Prices

COIN

Coinbase shares are trading higher, potentially due to the recent strength in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:19 pm

RDDT

Reddit's shares are trading lower after the company's recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:16 pm

GOLD

Smart money investors have shown significant interest in Barrick Gold (NYSE:GOLD) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 14 unusual trades, indicating a potential price movement between $10.0 and $20.0. The trades include both puts and calls, with a notable split in sentiment. Barrick Gold, a major gold miner, has seen its stock price increase by 2.34%, with an RSI suggesting it may be overbought. Analysts have set an average price target of $18.0, with RBC Capital rating it as Outperform.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 5:16 pm

BX

Recent unusual options activity in Blackstone (NYSE:BX) indicates a bearish sentiment among deep-pocketed investors, with 70% of the activity being bearish. The activity focuses on a price band between $80.0 and $140.0. Blackstone, the world's largest alternative-asset manager, has seen a slight increase in its stock price, with an earnings announcement expected in 21 days. An analyst from B of A Securities maintains a Buy rating with a price target of $147.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 5:16 pm

TGT

Investors have shown a bearish stance on Target (NYSE:TGT), with options trading indicating a split sentiment of 40% bullish and 60% bearish. The largest trades suggest a price window of $150.0 to $200.0 for TGT. Currently, TGT's stock is slightly up by 0.61% at $175.73, with analysts giving mixed ratings ranging from Neutral to Buy, and target prices between $157 and $200. The volume of options and the interest in certain strike prices provide insights into investor expectations and liquidity.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 5:16 pm

KVLE

MSM

UDI

MSC Industrial Direct Co., Inc. (NYSE:MSM) reported a decline in Q2 FY24 net sales by 2.7% Y/Y to $935.3 million, missing consensus estimates. Adjusted operating income and EPS also fell, with a cautious outlook for FY24. The company completed an acquisition of IP assets from SMRT and offers exposure through UDI and KVLE ETFs.

Portfolio Pulse from Lekha Gupta

March 28, 2024 | 5:09 pm

SHIBUSD

Shiba Inu (SHIB) experienced a significant 17,197% increase in its burn rate and a 6% price surge, with a notable transaction of 2 trillion SHIB tokens. Binance introduced new trading pairs for SHIB, and the upcoming Benzinga conference will discuss meme coins' future. SHIB's market cap nears Avalanche's, with a 195% monthly surge and increased whale transactions. Vitalik Buterin acknowledged SHIB's success, and traders anticipate further growth.

Portfolio Pulse from Khyathi Dalal

March 28, 2024 | 5:09 pm

DIS

Needham analyst Laura Martin maintains a Buy rating on Walt Disney (NYSE:DIS) and raises the price target from $120 to $145, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:09 pm

BOC

Boston Omaha's shares are trading lower following the announcement of their fiscal year 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:08 pm

DIS

Neuberger Berman supports Trian's slate in Disney's proxy fight due to concerns over Disney's succession planning, criticizing the board's past decisions, including the selection and ousting of Bob Chapek and the extension of Bob Iger's contract. The outcome hinges on investor confidence in the board's ability to choose a strong successor for Iger.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:07 pm