Streetbeat News

Products Services

GDC

GD Culture Group announced significant achievements in expanding market reach for small and medium-sized businesses through TikTok, indicating a strategic focus on leveraging social media platforms for business growth.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:08 pm

ALBT

Avalon GloboCare has announced the launch of its KetoAir Breathalyzer in the U.S. market, which will take place at the Hack Your Health by KetoCon 2024 conference. This marks a significant step for the company in expanding its product offerings and entering the health and wellness sector with innovative technology.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:07 pm

FRGT

Freight Technologies, Inc. (FRGT) reported Q1 2024 revenue of $4.3M, a 30% increase over the previous year, with Fr8Fleet volume growing 25% sequentially over Q4 2023. The company is expanding its credit facility from $5M to $6M to support working capital and further development of its Fr8App platform. FRGT is forecasting 2024 annual revenue of $25M to $30M, driven by strong demand for domestic and cross-border freight services within the USMCA region.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:06 pm

ACAD

Acadia Pharmaceuticals has announced that its new drug submission for Trofinetide, aimed at treating Rett Syndrome, has been accepted for filing and granted priority review by Health Canada. This marks a significant step forward in the regulatory process, potentially leading to the approval and availability of a new treatment option for Rett Syndrome in Canada.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:06 pm

EEFT

Euronet Worldwide, Inc. (EEFT) and SOFTONE Group have entered into an agreement to offer integrated merchant acquiring services in Greece. This partnership aims to enhance payment solutions for merchants in the region, leveraging Euronet's global payment network and SOFTONE's local market expertise.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:05 pm

CSGP

MTTR

CoStar Group, Inc. (CSGP) has announced a definitive agreement to acquire Matterport in a cash and stock transaction valued at $5.50 per share, totaling an estimated $1.6 billion. Matterport stockholders will receive $2.75 in cash and $2.75 in CoStar Group stock per share. This acquisition aims to enhance the development and deployment of AI and digital twin technology across CoStar's product lines, leveraging Matterport's pioneering 3D capture technology and vast spatial data library. The transaction, expected to close within the year, has received approval from Matterport's Board and key stockholders.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:02 pm

KYMR

Kymera Therapeutics (NASDAQ:KYMR) has received diverse analyst ratings, with 5 analysts offering perspectives ranging from bullish to bearish in the last three months. The average 12-month price target for KYMR is $53.00, with a high of $56.00 and a low of $47.00, marking a significant increase from the previous target of $37.25. This reflects a positive sentiment shift among analysts, who have adjusted their ratings and price targets based on recent developments and the company's performance. Kymera Therapeutics is a biotech firm focused on targeted protein degradation to treat diseases, showing strong revenue growth and financial performance despite a below-average market capitalization and ROE.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:00 pm

OSK

The U.S. Army Operational Test Command's Airborne and Special Operations Test Directorate has completed the final airdrop test of the Oshkosh Defense FMTV A2 Cargo 6x6 Low-Velocity Airdrop. This marks a significant milestone for Oshkosh Defense in demonstrating the capabilities and reliability of their military vehicle in operational scenarios.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:48 pm

CHMI

MLEC

SE

Moolec Science's shares surged 135% following USDA approval for its plant-grown animal proteins. Sea's shares rose 6% after B of A Securities upgraded the stock to Buy and increased the price target. Cherry Hill Mortgage's shares increased 7.5% as the company explores strategic alternatives.

Portfolio Pulse from ryanfaloona@benzinga.com

April 22, 2024 | 12:47 pm

PET

Wag! has introduced Furscription, a new software solution designed to enhance the connection between veterinary clinics and pet owners, streamlining communication and services.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:46 pm