Streetbeat News

Stock Prices

PANW

Palo Alto Networks (PANW) shares are trading lower due to a broader decline in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:42 pm

SNOW

Snowflake shares are trading lower due to a broader weakness in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:41 pm

PLTR

Palantir shares are trading lower due to a broader weakness in tech stocks, which is attributed to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:41 pm

ZBAO

Trading for the IPO security ZBAO was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:35 pm

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $85.84 million on April 1, with Grayscale's GBTC seeing a $302 million outflow, while BlackRock's IBIT and Fidelity's FBTC enjoyed inflows of $165 million and $43.99 million, respectively. Despite this, Bitcoin spot ETFs have seen over $12 billion in net inflows year-to-date. A Coinshares report indicates a recovery in investor sentiment with $862 million in inflows last week, despite a slowdown in ETF activity and a regional divergence in investment trends.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 2:33 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) reported increased vehicle production and deliveries for Q1 2024 compared to the previous year, meeting its expectations. The company reaffirmed its 2024 production guidance of 57,000 vehicles and introduced a new midsize platform for the R2 and R3 product lines, with R2 starting at $45,000. Despite these developments, RIVN shares dropped 3.83% to $10.66.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 2:33 pm

SMCI

Super Micro Computer shares are trading lower due to overall weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:33 pm

DKNG

DraftKings (NASDAQ:DKNG) has seen significant options trading activity, with a bullish sentiment from investors. Analysis of 11 trades shows a preference for calls over puts, indicating expectations of a price increase. The targeted price range is $43.0 to $65.0. DraftKings operates in online sports and casino gambling, holding a strong market position. Recent trading volume was 1,919,618, with a slight price decrease of -2.25%, and an RSI suggesting a potential overbought status. Analysts have given an average target price of $55.2, with varying ratings from Positive to Market Outperform.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:31 pm

CHX

MEG

SLB

ChampionX Corporation shares surged 9.5% after Schlumberger Limited announced its acquisition. Other stocks like VirTra, Inc., TMC the metals company Inc., and Montrose Environmental Group also saw significant gains following positive financial results and strategic moves. The overall market was down, with the Dow Jones dropping around 400 points.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 2:31 pm

SOFI

Deep-pocketed investors have shown a bullish sentiment towards SoFi Techs (NASDAQ:SOFI), with a notable increase in options activity. Benzinga's tracking revealed 60% bullish and 40% bearish sentiment among these investors, targeting a price range of $3.5 to $7.5. The company, known for its financial services, has seen a recent price drop of -2.49%, with an RSI indicating a neutral position. Analysts have mixed views, with target prices ranging from $3 to $12.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:30 pm