Streetbeat News

Stock Prices

DIS

Media industry veteran Tom Rogers criticized Disney's board for being 'too deferential' towards CEO Bob Iger, particularly highlighting the acquisition of 21st Century Fox as a poor decision. The remarks come amid a proxy war involving Iger and activist investor Nelson Peltz, who seeks a board position. Despite Iger's support, Rogers suggests the board could benefit from new voices. Disney's stock saw a slight increase, closing 0.48% higher at $119.93.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 12:12 pm

DIS

Egan-Jones and ISS recommend Disney shareholders vote 'FOR' Nelson Peltz and Jay Rasulo for the board, citing the need for change due to Disney's lack of a long-term succession plan, a disconnected board, an outdated business model, a desire to maintain the status quo, and mediocre financial performance. Shareholders are urged to vote 'WITHHOLD' on Maria Elena Lagomasino and Michael B.G. Froman before the April 3, 2024, annual meeting.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 12:08 pm

ALGS

Aligos Therapeutics, Inc. (NASDAQ:ALGS) announced its participation in the 33rd Annual Meeting of the APASL 2024 with presentations on ALG-055009 and ALG-000184 Phase 1 studies. ALG-055009 showed favorable effects in hyperlipidemic subjects, while ALG-000184 demonstrated potent antiviral activity in CHB patients. The company remains optimistic about the potential of these compounds in treating liver and viral diseases.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 12:07 pm

UNF

UniFirst (NYSE:UNF) reported Q2 earnings of $1.09 per share, missing the consensus estimate of $1.23 by 11.38%, but showed a 14.74% increase from last year. Sales reached $590.70M, slightly above the $587.84M estimate, marking an 8.85% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:06 pm

HDRO

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are up in premarket trading after announcing the issuance of $140.396 million in 7% convertible senior notes due 2026, exchanging $138.816 million of its 3.75% notes due 2025. The company recently reported a fiscal 2023 net revenue growth of 27.1% to $891.234 million, missing consensus estimates, and a net loss per share of $(2.30). PLUG's year-over-year stock has declined over 69%, but exposure to PLUG can be gained through Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 12:02 pm

TRNO

Analyst evaluations of Terreno Realty (NYSE:TRNO) show diverse outlooks, with recent ratings ranging from bullish to indifferent. The average 12-month price target for TRNO has increased to $69.00, up 6.7% from $64.67. Analysts from Barclays, Piper Sandler, Scotiabank, and Goldman Sachs have updated their ratings and price targets, reflecting dynamic market conditions and company performance. Terreno Realty, a real estate investment trust, has shown positive revenue growth and exceptional financial metrics, including a high net margin and ROE, indicating strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:01 pm

COLD

Americold Realty Trust (NYSE:COLD) has seen a shift in analyst sentiment over the last three months, with a decrease in the average price target by 9.94% to $30.17. Analysts from firms including Barclays, Keybanc, Truist Securities, JP Morgan, Raymond James, and RBC Capital have adjusted their ratings and price targets, reflecting a cautious outlook on the company's performance. Despite being the world's second-largest owner and operator of temperature-controlled warehouses, Americold faces challenges in revenue growth, net margin, and return metrics, indicating potential hurdles ahead.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 12:00 pm

MRDB

PRGS

MariaDB shares have seen an increase in trading volume and price following an announcement by Progress Software that it is contemplating making an offer to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:59 am

GME

Wedbush analyst Michael Pachter maintains an Underperform rating on GameStop (NYSE:GME) and lowers the price target from $6 to $5.6.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:58 am

LE

Lands' End shares experienced an increase following the announcement of their fourth-quarter results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:58 am