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CVNA

Carvana Co. (NYSE:CVNA) stock is experiencing a significant increase, trading higher with over 50% gains in the past five days. The stock reached a new 52-week high of $61.61 on Tuesday, with trading volume surpassing the 100-day average. Recent company milestones include partnerships with sports clubs and expansion of services in Ohio. Carvana's stock is also trading above its 50-day moving average, and a high percentage of its shares are being sold short.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:40 pm

BNB

TUSD

Binance Launchpad has introduced NFPrompt (NFP), an AI-driven User Generated Content platform for Web3 creators, as its 41st project. Users can stake BNB, FDUSD, and TUSD to farm NFP tokens from Dec. 20 to Dec. 26, 2023. Binance will list NFP on Dec. 27, 2023, with multiple trading pairs. The Launchpool's Fair Mode is designed to reduce inflation pressure by limiting allocations. The total NFP supply is 1 billion, with 11% allocated for Launchpool rewards and an initial circulating supply of 25%.

Portfolio Pulse from Murtuza Merchant

December 19, 2023 | 4:35 pm

VEON

VEON Ltd. has announced that its subsidiary Kyivstar has restored services in all categories after a cyber-attack on December 12. Kyivstar's mobile network is 99% operational in Ukrainian government-controlled areas, with improvements including high-speed mobile internet in the Kyiv metro. The company thanked customers and Ukrainian authorities for their support and reiterated its commitment to Ukraine's connectivity.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:32 pm

CMA CGM

COSCO SHIPPING

HLAG.DE

MAERSK-B.CO

MSC

Attacks on cargo ships in the Red Sea are causing delays in shipments from Asia to Europe, affecting major carriers like CMA CGM, Cosco, Evergreen, Hapag-Lloyd, Maersk, and MSC. Operations Prosperity Guardian is being organized to escort ships through the area, but this will slow down transit times. There are reports of potential shortages of computer components and other consumer goods, which may lead to price increases in Europe. Some companies are considering the longer route via the Cape of Good Hope to avoid attacks, despite higher fuel costs and longer shipping times.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:31 pm

AAPL

AMC

CMCSA

DIS

MAT

MSFT

TSLA

WBD

Wikipedia's top 25 most viewed pages in 2023 included various topics, with ChatGPT leading the list. Microsoft's investment in OpenAI and integration of ChatGPT into its platforms contributed to the interest. Cricket and soccer were popular sports topics, while movies like 'Barbie' and 'Oppenheimer' were among the top pages. Apple benefited from Messi's move to MLS, Mattel and Warner Bros. Discovery saw success with 'Barbie', and Comcast's 'Oppenheimer' was a top film. Disney had two films in the top pages but no billion-dollar hits. Taylor Swift's popularity boosted AMC's performance, and Elon Musk remained a highly searched personality.

Portfolio Pulse from Chris Katje

December 19, 2023 | 4:18 pm

CRNX

Crinetics Pharmaceuticals' stock is up following the announcement of positive initial results from its Phase 2 study of paltusotine, aimed at treating acromegaly and carcinoid syndrome.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 3:58 pm

PBLA

Panbela Therapeutics Inc (NASDAQ:PBLA) stock surged 62% to $1.64 after announcing FDA approval of eflornithine, a drug they divested to US WorldMeds, for high-risk neuroblastoma patients. The approval marks the first for a polyamine targeted therapy in cancer, with Panbela potentially receiving up to $9.5 million based on milestones. The company's executives are optimistic about the drug's impact on neuroblastoma and other cancers. PBLA's 52-week range is $0.45 to $225.71.

Portfolio Pulse from Henry Khederian

December 19, 2023 | 3:40 pm

OSA

ProSomnus Inc (NASDAQ:OSA) stock soared after the publication of a study in the Cureus Journal of Medical Science, which demonstrated the effectiveness of the company's precision oral appliance therapy (OAT) devices for treating obstructive sleep apnea (OSA). The study showed high treatment success rates and strong patient adherence. Additionally, ProSomnus announced further clinical research supporting the efficacy and adherence of their precision OAT devices. As a result, OSA shares surged 73.50% to $1.09.

Portfolio Pulse from Vandana Singh

December 19, 2023 | 3:33 pm

FCEL

XOM

FuelCell Energy Inc (FCEL) reported a 43% year-over-year decline in Q4 FY23 revenue to $22.46 million, missing consensus estimates. EPS loss improved to $(0.07), beating estimates. Gross and operating losses narrowed, and adjusted EBITDA loss improved. The company's backlog decreased by 5.7% YoY. FCEL began commercial operations of a hydrogen tri-generation platform in Long Beach, and Exxon Mobil Corporation (XOM) plans to build a pilot plant using FCEL's technology. FCEL shares dropped by 5.22%.

Portfolio Pulse from Akanksha Bakshi

December 19, 2023 | 3:26 pm

AAPL

AMZN

GLD

GOOG