Market-Moving News for September 18th
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines (LUNR) shares surged 70% after securing a NASA contract worth up to $4.82 billion. Applied Therapeutics (APLT) shares rose 57% as the FDA waived the need for an advisory committee meeting. i-80 Gold (IAUX) shares increased 11% following the appointment of a new CEO.
September 18, 2024 | 12:27 pm
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POSITIVE IMPACT
Applied Therapeutics shares rose 57% after the FDA decided an advisory committee meeting was unnecessary.
The FDA's decision to waive the advisory committee meeting is a positive regulatory development, likely reducing uncertainty and boosting the stock.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
i-80 Gold shares increased 11% following the appointment of Richard Young as CEO.
The appointment of a new CEO can signal positive changes and strategic direction, likely contributing to the stock's rise.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Intuitive Machines shares jumped 70% after winning a NASA contract for communication and navigation services, potentially worth $4.82 billion.
The significant contract with NASA is a major win for Intuitive Machines, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100