Streetbeat News

Stock Prices

CELH

Celsius Holdings' stock (CELH) trades lower following a downgrade from Buy to Neutral by B of A Securities, which also set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:22 pm

DKNG

MGM

PARA

PDYPY

PENN

BetMGM, a joint venture owned by MGM Resorts International (NYSE:MGM) and Entain, will air its first-ever Super Bowl commercial during Super Bowl LVIII on Feb. 11, featuring Tom Brady, Wayne Gretzky, and Vince Vaughn. Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA) is telecasting the event and charging $6 million to $7 million for 30-second ads. The ad is part of BetMGM's strategy to boost its brand and will coincide with in-person events in Las Vegas. DraftKings Inc (NASDAQ:DKNG) will not air a Super Bowl ad this year, while FanDuel, a unit of Flutter Entertainment ADR (OTC:PDYPY), will feature Rob Gronkowski. PENN Entertainment (NASDAQ:PENN) has also entered the sports betting market with ESPN Bet, increasing competition for BetMGM.

Portfolio Pulse from Chris Katje

January 19, 2024 | 3:21 pm

KAMN

SAVE

WRLD

World Acceptance Corporation (WRLD) reported higher-than-expected quarterly earnings and sales, causing its shares to rise by 10.2%. Other stocks also moved higher, including Kaman Corporation (KAMN) after an acquisition announcement, Spirit Airlines (SAVE) following merger and guidance updates, and several others due to various positive developments such as earnings beats, analyst upgrades, and business transactions.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 3:20 pm

JBHT

Raymond James analyst Patrick Tyler Brown has reaffirmed an Outperform rating on JB Hunt Transport Services (NASDAQ:JBHT) and increased the price target from $209 to $210.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:20 pm

ACHR

MESA

UAL

Mesa Air Group, Inc. (MESA) stock is surging after announcing amended agreements with United Airlines Holdings, Inc. (UAL) that increase block-hour rates and adjust credit terms. The changes are expected to bring Mesa $63.5 million in additional revenue over the next year and improve liquidity. United also agreed to reduce Mesa's credit facility balance by $2.1 million and forgive a $10.5 million bridge loan in exchange for Mesa's investment in Heart Aerospace. Mesa has sold excess CRJ-900 aircraft and engines for $198 million, using the proceeds to pay down $174.3 million in debt. Mesa's CEO believes these moves will significantly increase contract revenue and margins.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 3:20 pm

MESA

Mesa Air Group's stock is trading higher following the announcement of new agreements with United Airlines, which include improved operating and financial terms.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:18 pm

TPX

Raymond James analyst Bobby Griffin has reaffirmed a Strong Buy rating on Tempur Sealy Intl (NYSE:TPX) and increased the price target from $45 to $58, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:16 pm

Blackstone (NYSE:BX) has announced the acquisition of Tricon Residential (TSX:TCN) for $3.50 billion in cash, expected to be completed in Q2 of 2024. Blackstone is a major alternative asset manager with over $1 trillion in assets under management, while Tricon Residential is a rental housing company with approximately 36,000 properties in the US and Canada.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:10 pm

KSPI

Trading for the IPO security KSPI was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:10 pm

PWOD

UBFO

United Security (NASDAQ:UBFO) has declared a dividend of $0.12 per share with an annualized yield of 5.59%, payable on January 19, 2024, to shareholders of record as of January 3, 2024. The company has shown a positive trend in dividend growth from $0.44 to $0.47 per share from 2020 to 2023 and an increase in earnings per share from $0.52 to $1.16 over the same period. This suggests a strong financial health and potential for future dividend increases. Penns Woods Bancorp (NASDAQ:PWOD) is mentioned as having the highest annualized dividend yield at 6.14% among industry peers.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm