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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline on Monday evening. This comes after Ripple's recent legal victory against the SEC which had boosted the crypto market. Analysts predict a downward trend for Bitcoin, with potential lows of around $29,000. However, analyst PlanB predicts a surge in Bitcoin's price as it approaches its next halving event in 2024, with a potential price range of $40,000 to $50,000.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 2:26 am

CGC

Canopy Growth Corp. (NASDAQ:CGC) has received a non-compliance notice from NASDAQ due to its shares' closing bid price remaining below $1 per share for 30 consecutive business days. The company has been granted a 180-day period to regain compliance. To address this, Canopy Growth plans to seek approval for a share consolidation plan and may consider a reverse stock split. The company has also entered into agreements to reduce its total debt by approximately $437 million over the next six months.

Portfolio Pulse from Joana Scopel

July 17, 2023 | 9:42 pm

ALLR

Allarity Therapeutics has received a letter from Nasdaq stating that the company has regained compliance with bid price and equity concerns.

Portfolio Pulse from Charles Gross

July 17, 2023 | 9:14 pm

SPXY

UVXY

Convexity Daily 1.5x SPIKES Futures ETF (NYSE:SPXY) was trading about 1.5% lower on Monday, bouncing up slightly from near the $5 level. The ETF tracks the SPIKES Futures Short-Term Index and measures volatility in broad-based equities. The Federal Reserve’s next meeting on July 25 and 26 could increase stock market volatility, potentially sending SPXY higher. The ETF appears to have formed a bullish double-bottom pattern, indicating a potential bounce higher.

Portfolio Pulse from Melanie Schaffer

July 17, 2023 | 8:52 pm

ABOS

Acumen Pharmaceuticals is planning to file a preliminary prospectus supplement with the SEC for a proposed offering of common stock. As of June 30, 2023, the company had approximately $172.2M in cash and marketable securities.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:50 pm

AAP

Advance Auto Parts has clarified that it is not associated with TRC Capital and has not expressed any opinion on TRC's 'mini-tender' offer.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:32 pm

FDL

FYBR

IYZ

TDS

VLUE

XTL

Shares of AT&T, Verizon, Telephone and Data Systems, and Frontier Communication dropped 7% to 15% following a Wall Street Journal investigation revealing neglect of a network of harmful lead-coated cables. Citigroup analyst Michael Rollins believes this issue will impact stocks and their valuation for a few months or longer. Citigroup has downgraded its ratings on AT&T, Telephone and Data Systems, and Frontier Communication to Neutral/High Risk and reduced their price targets.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 8:30 pm

IRNT

IronNet has announced its intention to voluntarily delist its securities from the NYSE following a notice of non-compliance with the NYSE's continued listing standards. The company plans to file a Form 25 for the delisting around July 27, 2023, and expects the delisting to become effective around August 6, 2023. Post delisting, IronNet's common stock is expected to be traded on over-the-counter markets.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:25 pm

CORT

Corcept Therapeutics Incorporated (NASDAQ:CORT) announced positive results from a Phase 1b study of its proprietary cortisol modulator, miricorilant, in patients with non-alcoholic steatohepatitis (NASH). The study found that patients who received 100 mg of miricorilant twice a week for 12 weeks experienced a 30% reduction in liver fat and improvements in liver enzymes and markers of liver disease. The company plans to initiate a Phase 2b trial in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:14 pm

BRDS

Bird Global, Inc. (NYSE:BRDS) has received confirmation from NYSE of its compliance with the $1.00 share price listing requirement. The company has submitted a business plan to NYSE detailing actions taken to comply with market capitalization and stockholders' equity listing standards. Pending NYSE's acceptance, Bird's Class A common stock will continue to be listed and traded on NYSE.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:10 pm