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The Latest Breaking News from NYSE

Short Volatility Alert: PG&E Corporation

On Tuesday, shares of PG&E Corporation (NYSE: PCG) experienced volatile short activity. After the activity, the stock price went down -4.23% to $9.96. The overall sentiment for PGE has been Bearish.

Benzinga

Why Sidus Space Shares Are Skyrocketing Today

Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company, is now a part of the Collins Aerospace team, which was awarded NASA's Exploration Extravehicular Activity (xEVAS) services contract. Recently, NASA awarded the contract to Collins Aerospace and Axiom Space. Collins Aerospace is a unit of Raytheon Technologies Corp (NYSE:RTX). The xEVAS contract has a potential value of $3.5 billion…

Benzinga

This Day In Market History: Pandora Goes Public

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2011, Pandora (OTC: PANDY) went public.

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Post Holdings Expands Post Consumer Brands Business

Post Holdings Inc (NYSE:POST) plans to expand its Post Consumer Brands business by investing up to $110 million. The company will expand its cereal production capacity at its Sparks, Nevada facility. The proposed expansion is expected to provide Post Consumer Brands with additional production volume, address capacity constraints, and reduce transportation costs. Project…

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Nio Premieres ES7 SUV, Revamped 2022 Models: What EV Investors Need To Know

Nio, Inc. (NYSE: NIO) stock is retreating in Wednesday's session following a virtual product launch highlighted by the premiere of the ES7 SUV.

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Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

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Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage. Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

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Mid-Morning Market Update: Markets Open Higher; US Retail Sales Drop In May

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Wednesday.

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Boston Scientific Buys Substantial Stake In Korean MedTech Player

Boston Scientific Corporation (NYSE:BSX) has agreed to purchase Synergy Innovation Co Ltd's majority stake (~64%) of M.I.Tech Co Ltd, a publicly-traded Korean manufacturer, and distributor of medical devices for endoscopic and urologic procedures. The deal is valued at KRW 14,500 per share, representing KRW 291.2 billion or approximately $230 million. M.I.Tech offers HANAROSTENT technology, a…

Benzinga

Cloudflare Services Suffer Brief Outage In India

Cloudflare, Inc (NYSE:NET) services suffered an outage in the India region for an hour, the TechCrunch reports. The outage has disrupted several services, including Discord, online insurer Acko, GitLab, and SaaS platform OSlash. Users also faced difficulties accessing Shopify, Udemy, Canva, BookMyShow, and Zerodha, DownDetector disclosed. Cloudflare has identified the issue and looked to resolve…

Benzinga

Looking Into Endeavor Group Holdings's Return On Capital Employed

Pulled from Benzinga Pro data, Endeavor Group Holdings (NYSE:EDR) posted Q1 earnings of $517.67 million, an increase from Q4 of 3199.61%. Sales dropped to $1.47 billion, a 2.12% decrease between quarters.

Benzinga

Performance Food Group's Return On Capital Employed Insights

According to Benzinga Pro, during Q3, Performance Food Group (NYSE:PFGC) earned $23.40 million, a 178.57% increase from the preceding quarter. Performance Food Group also posted a total of $13.08 billion in sales, a 1.87% increase since Q2.

Benzinga

Leading And Lagging Sectors For June 15, 2022

Gainers Symbol Name Price Change ($) Change (%) Volume

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Where Southwestern Energy Stands With Analysts

Analysts have provided the following ratings for Southwestern Energy (NYSE:SWN) within the last quarter:

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Disney Unveils $110K Luxury Tour Package: What You Need To Know

The Walt Disney Co. (NYSE: DIS) is making a pitch to luxury travel aficionados with a global tour package that encompasses all 12 of the company’s theme parks plus stops at iconic historic sites and the company’s film production epicenter.

Benzinga

Analyst Ratings for Block

Block (NYSE:SQ) has observed the following analyst ratings within the last quarter:

Benzinga

KBR Acquires UK Digital Transformation Company VIMA

KBR, Inc. (NYSE:KBR) has agreed to buy U.K.-based VIMA Group, a provider of digital transformation solutions to the defense and other public sector clients, for up to £75 million, including earn-out options. VIMA Group is a trusted advisor and a top-five supplier to Defence Digital and Navy Digital organizations within the U.K. Ministry…

Benzinga

9 Analysts Have This to Say About Tapestry

Tapestry (NYSE:TPR) has observed the following analyst ratings within the last quarter:

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news in one place.

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Benzinga

Analyst Ratings for Wheels Up Experience

Wheels Up Experience (NYSE:UP) has observed the following analyst ratings within the last quarter:

Benzinga

The Daily Biotech Pulse: FDA Committee Backs Moderna Shot For 5-17 Years, 180 Life Sciences Stock Plunges, Pfizer's Posts Disappointing Paxlovid Data

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga

Dingdong Shares Gain After Clocking 43% Revenue Growth In Q1

Dingdong (Cayman) Limited (NYSE:DDL) reported first-quarter FY22 revenue growth of 43.2% year-on-year to $858.7 million. GMV increased by 36.0% Y/Y to $923.0 million. The total number of orders rose by 15.6% Y/Y to 80.6 million. Product revenues were $847.9 million, up 43.1% Y/Y, driven by the increase in the number of orders and…

Benzinga

10 Biggest Price Target Changes For Wednesday

Jefferies raised Tapestry, Inc. (NYSE: TPR) price target from $30 to $45. Tapestry shares rose 2.2% to close at $31.60 on Tuesday.

Benzinga

Cramer Gives His Opinion On Equinix, Bausch Health And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Bausch Health Companies Inc.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

BP Purchases 40% Stake In Green Hydrogen Project In Australia

BP plc (NYSE:BP) is acquiring the largest stake in a vast solar, wind, and green hydrogen project in Western Australia that will cost more than $30 billion to develop, reported Financial Times. The energy company stated that it has agreed to buy 40.5% of the Asian Renewable Energy Hub, which it will…

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