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ANRO

Alto Neuroscience, Inc (ANRO) is set to IPO on February 2nd on the NYSE, offering shares between $14.00 and $16.00 with a 180-day insider lock-up period ending July 31, 2024. The company focuses on developing personalized psychiatric treatments through neurobiology research.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:00 pm

GUTS

Fractyl Health, Inc (NASDAQ:GUTS) is set to begin trading on NASDAQ under the ticker GUTS on February 2, with an IPO price range of $14.00 to $16.00 per share. The company, specializing in metabolic therapeutics for diseases like type 2 diabetes and obesity, has a 180-day insider lock-up period ending on July 31, 2024.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:00 pm

LLY

Market whales have shown a predominantly bearish stance on Eli Lilly (NYSE:LLY) through recent options trades, with a sentiment split of 11% bullish and 88% bearish. A total of 9 significant options trades were identified, with a notable focus on strike prices ranging from $590 to $700. The current market status of LLY shows a slight increase in stock price to $646.97, with an upcoming earnings report in 5 days. Analyst opinions vary, with an average price target of $670, but with differing views from Barclays, Cantor Fitzgerald, and Wells Fargo.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:47 pm

RACE

Ferrari N.V. (NYSE:RACE) reported a strong fourth-quarter performance with sales growth of 11% year-on-year to $1.639 billion, surpassing analyst estimates. The company saw an 11% increase in cars and spare parts revenue and a 7% increase in engine sales, although total shipments fell by 2% to 3,245 units. Adjusted EBITDA and net profit rose significantly, with EPS beating consensus estimates. Ferrari's 2023 shipments increased by 3.3%, driven by the Purosangue and higher deliveries of the 296 and SF90 families. The company forecasts a positive outlook for 2024 with an adjusted EPS of at least €7.50 and net revenues over €6.4 billion. Shares surged by 10.29% to $381.50.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 2:45 pm

AVT

Avnet has announced the release of the latest version of its RFSoC Explorer Toolbox, Version 3.0, which enables full mmWave antenna to bits prototyping. This release marks a significant advancement in Avnet's offerings, providing developers with enhanced capabilities for creating and testing new mmWave applications.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:41 pm

INBX

SNY

Sanofi SA's Q4 earnings were impacted by generic competition for Aubagio, but gains from Dupixent and the launch of Altuviiio and Beyfortus helped offset losses. Operating income fell 5.2% to €2.6 billion, with revenues up 1.8% to €10.92 billion, missing consensus estimates. The company aims to become a pure-play biopharma entity by 2030, with significant sales from new Pharma launches. Sanofi also acquired assets related to Inhibrx Inc's INBRX-101. The company expects a low single-digit percentage decrease in 2024 adjusted EPS due to higher taxes but anticipates a strong rebound next year.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 2:24 pm

CRDO

Credo Technology Group announced the expansion of its SerDes technology to TSMC N3 and N7/N6 processes, enhancing its programmable power versus channel reach performance. This development marks a significant step in Credo's offerings, potentially impacting its market position and partnerships.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:20 pm

CRBP

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) announced a public offering of 4.325 million shares at $19.00 each to raise approximately $82.2 million. The funds are intended for clinical development and general corporate purposes. This follows recent positive clinical study results of CRB-701, which led to a significant stock price increase. However, CRBP shares are currently down 1.02% at $26.22 in premarket trading.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 2:18 pm

TWOU

2U, Inc. has announced a new partnership with the University of Surrey to offer more than 15 online professional certificate programs in various fields including technology, business management, healthcare, and sustainability. This collaboration aims to expand educational opportunities and cater to the growing demand for online learning solutions.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:15 pm

MULN

Mullen Automotive has invoiced a total of $17,318,000.00 to date for its commercial vehicles, indicating a significant revenue stream from this segment of its business.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:14 pm