Streetbeat News

Regulatory

AVGR

Avinger Inc. shares were halted due to a circuit breaker following a significant trading activity. The halt is a regulatory measure to prevent excessive volatility and ensure orderly market conditions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:39 pm

SPY

Fed Chair Powell expressed confidence in reaching a consensus on the Basel 3 rule and a capital proposal, noting the process of reviewing comments and making necessary adjustments is underway.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:31 pm

SPY

Fed Chair Powell highlighted that even after interest rates are normalized, the underlying housing shortage will continue to exert upward pressure on housing prices. This statement underscores the persistent challenges in the housing market, independent of monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:29 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares rose after announcing compliance with Nasdaq listing requirements and starting EV cargo van road testing. The company regained compliance with the annual shareholder meeting and minimum bid price requirements. Analysts use earnings growth, fundamental research, and technical analysis to predict MULN's stock trajectory. The 200-day moving average is $96.15, above the current price of $6.74, indicating potential bullish sentiment.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 3:29 pm

EXPR

Express, Inc. (EXPR) stock plummeted 32% to $1.55 after being delisted from the NYSE due to failure to maintain the required market capitalization. The stock now trades on the OTC Pink Market. Despite the delisting, operations and financial obligations remain unaffected, with the company focusing on future growth and operational enhancements.

Portfolio Pulse from Henry Khederian

March 07, 2024 | 3:27 pm

SPY

Fed Chair Powell emphasized the Federal Reserve's independence, stating its commitment to staying out of political issues, including immigration policy. This statement was made to clarify the Fed's stance and operational focus.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:23 pm

SPY

Fed Chair Jerome Powell emphasized the effectiveness of surge pricing, noting that it can lead to lower prices during slow periods. He advocated for allowing companies the freedom to set their prices, highlighting the dynamic nature of pricing in response to demand fluctuations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:18 pm

SPY

Fed Chair Powell announced plans to carefully start removing the restrictive stance of policy over this year if the economy performs as expected. Additionally, a new rule book for supervision is being developed, aiming for earlier and more effective interventions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:17 pm

MNMD

Mind Medicine Inc (NASDAQ:MNMD) shares surged after receiving FDA breakthrough therapy designation for its MM120 program for generalized anxiety disorder treatment and announcing positive Phase 2b study data. The study met its key secondary endpoint, showing significant durability of activity through week 12. Additionally, MindMed announced a share offering and private placement expected to close on March 11, aiming to raise approximately $175 million.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 2:54 pm

MNMD

MindMed shares surged following the FDA's Breakthrough Therapy Designation for its MM120 program in generalized anxiety disorder, coupled with positive 12-week durability data from its Phase 2B study.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:52 pm