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The Latest Breaking News from NYSE

Steelcase Shares Surge On Solid Q1 Results, Clocks 33% Revenue Growth

Steelcase Inc. (NYSE:SCS) reported first-quarter revenue growth of 33% year-over-year to $740.70 million, +35% on an organic basis, beating the consensus of $690.94 million. Adjusted EPS was $(0.05), beating the consensus of $(0.18). Revenue by segments: Americas $520.8 million (+38% Y/Y), EMEA $156.4 million (+27% Y/Y) and Others $63.5 million (+12% Y/Y). The…

Benzinga

Hedge Fund Manager Taunts Apes With AMC Short Position: 'I Dare All The Meme Stock Maniacs To Try To Hurt Us'

The AMC Entertainment Holdings Inc (NYSE: AMC) apes must be pounding their chests after AQR Capital Management's Cliff Asness called them out on Wednesday.

Benzinga

JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise

JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market.

Benzinga

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RBC Capital Updates Ratings On Homebuilders & Building Products Sector As Housing Demand Declines

RBC Capital analyst Mike Dahl further reduces estimates and price targets for Homebuilders & Building Products companies as housing demand declines. The analyst expects further deterioration after the most recent jump in rates (+50 bps past 2 weeks and +270 bps YTD).

Benzinga

Twitter Partners With Shopify For Shopping Ecosystem: What You Need To Know

Social media platform Twitter Inc (NYSE: TWTR) reported a new partnership Wednesday that could help its massive user base better monetize itself.

Benzinga

Cybin Closes Fiscal Year 2022, Reports Financial Results And Major Achievements

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN), a biopharma company focused on progressing “psychedelics to therapeutics” through proprietary drug discovery platforms announced its financial and business results ended March 31, 2022.

Benzinga

Wells Fargo Upgrades Enerpac Tool - Read Why

Wells Fargo analyst Michael McGinn upgraded Enerpac Tool Group Corp (NYSE:EPAC) to Overweight from Equal-weight and raised the price target to $23 (an upside of 21%) from $22. Although market conditions are less than ideal, the analyst has been surprised EPAC shares have continued to melt from their weakened year-end starting point as Industrial with…

Benzinga

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Can You Guess Which County Was Named The Healthiest Community?

For the third year in a row, Los Alamos County in New Mexico was named the Healthiest Community in the U.S. in an annual national ranking published by U.S. News & World Report and CVS Health (NYSE: CVS).

Benzinga

Check Out What Whales Are Doing With JPM

Someone with a lot of money to spend has taken a bearish stance on JPMorgan Chase (NYSE:JPM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Barrick Gold Whale Trades For June 22

Someone with a lot of money to spend has taken a bearish stance on Barrick Gold (NYSE:GOLD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

What's Going On With Revlon Stock?

Revlon Inc (NYSE: REV) shares continue to surge Wednesday on abnormally-high volume amid increased retail investor interest following the company's Chapt

Benzinga

Stock Wars: BJ's Vs. Costco

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Benzinga

Telsey Advisory Cuts Nike Price Target - Read Why

Telsey Advisory Group analyst Cristina Fernández has lowered the price target on Nike Inc (NYSE:NKE) to $140 (32% upside) from $170 and kept Outperform rating on the shares. The analyst cited near-term risks, including the impact of strict COVID lockdowns in China, demand decline in wholesale channel, given lowered expectations for 2H22 by key partners…

Benzinga

Dow Jumps 150 Points; Ocean Bio-Chem Shares Spike Higher

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 150 points on Wednesday.

Benzinga

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What It Means For US Stocks To Be In A Bear Market

Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring inflation, rising interest rates and worries about a looming recession in the world’s largest economy.

Benzinga

This Wedbush Analyst Talks AMC, Netflix And Other Stock Ideas In Hard-Hit Entertainment Sector

We're over two years into the coronavirus pandemic, and consumer behavior is still adjusting and the ramifications are still playing out in the financial markets.

Benzinga

Why Bitcoin- And Ethereum-Related Stock SOS Limited Is Nosediving 20% Today

SOS Limited (NYSE: SOS) shares are trading lower by 20.58% to $0.24 after the company announced an ADS ratio change from 1 ADS representing 10 ordinary shares to 1 ADS representing 500 ordinary shares.

Benzinga

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

Key takeaways: • Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer • ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased

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Benzinga

Triton Looks For New CFO As John Burns Intends To Retire

Triton International Ltd (NYSE:TRTN) Senior Vice President and Chief Financial Officer John Burns has decided to retire at the end of 2022, after more than 25 years with the company. Burns will remain in his role until a successor is in place. Following his retirement, Burns will serve in an advisory role to…

Benzinga

Why Shares Of La-Z-Boy Are Trading Higher Today

La-Z-Boy Inc. (NYSE: LZB) shares are trading higher after the company reported better-than-expected fourth quarter EPS and sales results. The company also issued 2023 first quarter sales guidance.

Benzinga

As Exxon, Chevron Continue To Plunge, Here's A Look At The Direxion Energy Bull 2X Shares ETF Chart

Direxion Energy Bull 2X Shares (NYSE: ERX) gapped down 10.42% to start the trading day on Wednesday. The ETF was erasing some of its losses in the afternoon, trading about 8% lower.

Benzinga

Kellogg And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Here's How Alibaba Is Reaping Benefits Of Overseas Infra Investments As Domestic Crackdowns Continue To Pinch

Alibaba Group Holding Limited (NYSE: BABA), through its Pakistan e-commerce subsidiary Daraz, expanded its reach across Bangladesh, Sri Lanka, Nepal, and Myanmar, becoming South Asia's largest e-commerce company outside India,

Benzinga

Insiders Buy Around $89M Of 2 Stocks

Although the US stocks closed higher on Tuesday, there were a few notable insider trades.

Benzinga

Canadian National Railway Reveals Investments In Ontario & Alberta

Canadian National Railway Co (NYSE:CNI) plans to invest ~C$430 million in Ontario and ~C$365 million in Alberta in 2022. The plan includes investments in technology, capacity, rolling stock units, company-wide decarbonization initiatives, and network improvements. The investments will power sustainable growth and ensure the safe movement of goods. "We are building the premier railroad…

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