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HYLN

Hyliion Holdings Corp (NYSE:HYLN) shares surged after announcing a $20 million share buyback program. The company is shifting focus to the KARNO generator, winding down powertrain operations. With $324 million in cash and investments as of September 2023, Hyliion plans initial paid deployments of KARNO in late 2024 and expects $40 million in cash spending for the year. A non-binding letter of intent with GTL Leasing LLC for KARNO generator deployment in California was also announced. HYLN shares rose 4.15% to $0.73.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 3:08 pm

LBPH

Cantor Fitzgerald analyst Josh Schimmer has reiterated an Overweight rating on Longboard Pharmaceuticals (NASDAQ:LBPH) and maintained a $35 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:06 pm

ABR

CMTG

REM

XLRE

U.S. mortgage rates have dropped to a 6-month low, with the average 30-year fixed mortgage rate falling to 6.83%. This decline is attributed to positive inflation news and the Federal Reserve's indication of future rate cuts. Mortgage applications are up 18% year-over-year despite a recent 1.5% slowdown. Real estate stocks have surged, with the Real Estate Select Sector SPDR Fund (XLRE) and iShares Mortgage Real Estate ETF (REM) seeing significant gains. Arbor Realty Trust Inc. (ABR) and Claros Mortgage Trust Inc. (CMTG) have also experienced notable stock price increases.

Portfolio Pulse from Piero Cingari

December 20, 2023 | 3:06 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has increased by 4.55% in the last 24 hours to $7.03, despite a 0.0% loss over the past week from $7.05. The all-time high for DOT is $54.98. Trading volume has decreased by 38.0% over the past week, while the circulating supply has increased by 0.58% to 1.31 billion. Polkadot's market cap is currently ranked #12 at $9.21 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:03 pm

CELZ

Shares of Creative Medical Technology (CELZ) were halted on a circuit breaker due to a downside move but have since recovered, now showing an increase of 6.87%.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:03 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has increased by 3.36% in the last 24 hours to $0.60, despite a 4.0% decline over the past week from $0.63. The coin's all-time high is $3.09. Trading volume has decreased by 55.0% over the past week, while the circulating supply has risen by 0.49% to over 35.02 billion, which is 77.83% of the max supply. Cardano's market cap is currently ranked #8 at $20.98 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:02 pm

AVAXUSD

Avalanche (AVAX) has seen a significant price increase of 7.76% in the last 24 hours, reaching $42.76. Over the past week, the cryptocurrency has risen over 10%, up from $39.11. Despite this recent growth, it remains well below its all-time high of $144.96. Trading volume has decreased by 45% over the past week, while the circulating supply has increased by 0.34% to 365.63 million, approximately 50.78% of the maximum supply. AVAX currently ranks 10th in market cap at $15.75 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:02 pm

RVLV

Roth MKM analyst Matt Koranda has maintained a Buy rating on Revolve Group (NYSE:RVLV) and increased the price target from $16 to $21, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:01 pm

BTCUSD

Bitcoin (BTC) has seen a 3.65% increase in its price over the past 24 hours, reaching $43,922.00. Over the last week, it has gained 6.0%, with the current market cap ranking at #1 and valued at $861.85 billion. The trading volume has risen by 29.0%, and the circulating supply has grown by 0.2% to over 19.58 million BTC.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:01 pm

SPY

Existing Home Sales for November showed an increase of 0.8% month-over-month, compared to a prior decrease of 4.1%. This indicates a potential rebound in the housing market, which could have implications for related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:01 pm