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IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher, up 7.28% at $491.12, amid a rise in Bitcoin prices. Despite recent gains, MSTR shares have fallen over 22% following the approval of Bitcoin spot ETFs. Bitcoin's price had dropped below $39,000 but has since increased by over 5%. CEO Michael Saylor sold more than 126,000 shares this week, as per SEC filings. MicroStrategy, holding 189,150 Bitcoin, will report Q4 earnings on Feb. 6 with an expected EPS of 55 cents and revenue of $132.9 million.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 9:00 pm

SSYS

Farhad Fred Ebrahimi has reported a 5.13% ownership stake in Stratasys, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:53 pm

PAYS

RVP

TGEN

VANI

Insiders at PaySign, Retractable Technologies, Tecogen, and Vivani Medical have recently made notable purchases of their companies' stocks. PaySign's 10% owner acquired shares at $2.79 each, Retractable Technologies' CEO and President bought shares at $1.22 each, Tecogen's Director purchased shares at $0.78 each, and Vivani Medical's Director bought shares at $1.01 each. These transactions can signal insider confidence and may influence investor decisions, especially those interested in penny stocks.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 1:52 pm

JPM

JPMorgan Chase & Co (NYSE:JPM) has announced a major reshuffling of its top management, positioning key executives for more operational experience and potential succession. Jennifer Piepszak and Troy Rohrbaugh are now Co-CEOs of the expanded Commercial & Investment Bank segment. Marianne Lake becomes the sole CEO of Consumer and Community Banking (CCB). Viswas Raghavan will lead global investment banking, while Marc Badrichani is leaving the company. JPMorgan also reported a 12% Y/Y increase in Q4 net revenue, beating consensus estimates. JPM shares saw a slight increase in premarket trading.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 1:35 pm

ABNB

SNOW

SSTK

Insiders at Snowflake, Morgan Stanley, Shutterstock, and Airbnb have recently sold significant amounts of shares. Snowflake's SVP sold shares at $210 each, Morgan Stanley's Executive Chairman sold at $87.93 per share, Shutterstock's Executive Chairman sold at $50.34 per share, and Airbnb's CEO sold at $141.60 per share. Insider sales can indicate various sentiments about the stock's value and company prospects, but they are not the sole indicator for investment decisions. Analysts have recently reiterated Snowflake and Airbnb with positive ratings, while Morgan Stanley reported a decline in Q4 net profit, and Shutterstock raised its FY23 guidance after strong Q3 results.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 12:58 pm

EWTX

TTSH

WOLF

Insiders at Tile Shop Holdings, Edgewise Therapeutics, and Wolfspeed have made notable stock purchases. Pleasant Lake Partners LLC bought 14,600 shares of Tile Shop at $6.73 each, while Edgewise's Peter A Thompson acquired 454,545 shares at $11.00 each following a $240 million offering. Wolfspeed's Thomas H Werner purchased 683 shares at $32.05 each amid an extended wafer supply agreement with Infineon.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 11:34 am

BRK.A

BRK.B

LSXMA

LSXMK

Warren Buffet's company has purchased 1,441,686 shares of Liberty Media at an average price of $30.98 per share, as reported in a Form 4 filing on Thursday.

Portfolio Pulse from Charles Gross

January 26, 2024 | 10:28 am

VUG

Rep. Blake Moore from Utah reported purchasing Vanguard Growth ETF (VUG) stock valued between $102,003 and $280,000 on January 24, 2024. The shares of VUG were trading up 0.31% at $323.67 at the time of the report. Congressional transactions are considered significant as they can indicate expectations about stock performance, but they are not the sole factor for investment decisions. The STOCK Act prevents Congress members from using non-public information for personal gain.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

AUID

CMP

NWBI

Insider purchases were reported for Northwest Bancshares, Compass Minerals International, and authID. Northwest Bancshares EVP Scott J Watson bought 5,000 shares at $12.90 each. Compass Minerals Director Joseph Reece acquired 5,000 shares at $21.24 each, and authID 10% owner Stephen Jeffrey Garchik purchased 3,311 shares at $8.89 each. These transactions may indicate confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:54 pm