Market-Moving News for June 28th
Portfolio Pulse from ryanfaloona@benzinga.com
Market-Moving News for June 28th includes significant movements for Protagonist Therapeutics, Trump Media & Technology Group, and Carisma Therapeutics. Protagonist Therapeutics will join the S&P SmallCap 600, Trump Media & Technology Group shares rose following a presidential debate, and Carisma Therapeutics shares surged after announcing a new development candidate in collaboration with Moderna.
June 28, 2024 | 12:37 pm
News sentiment analysis
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POSITIVE IMPACT
Carisma Therapeutics shares are trading higher after announcing the nomination of the first in vivo CAR-M development candidate for hepatocellular carcinoma under collaboration with Moderna.
The collaboration with Moderna and the announcement of a new development candidate is a significant milestone, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Trump Media & Technology Group shares are trading higher following Thursday's presidential debate.
The positive movement in DJT shares is likely due to increased visibility and potential investor optimism following the debate.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Protagonist Therapeutics will join the S&P SmallCap 600, effective prior to the opening of trading on July 3.
Joining the S&P SmallCap 600 is likely to increase visibility and attract more investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100