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Stock Prices

NOC

Northrop Grumman's stock (NOC) trades lower following a downgrade by Wolfe Research from Peer Perform to Underperform.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:47 pm

EVO

Evotec's stock price has increased following the announcement of a partnership with Charité, aimed at expanding a molecular patient database for autoimmune diseases.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:47 pm

PNC

Shares of PNC Financial Services Group, Inc. are trading higher following an upgrade from Hold to Buy by Odeon Capital.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:46 pm

DAX

EWI

EWQ

FEZ

FXE

ECB President Christine Lagarde maintained a hawkish stance in the latest press conference, contrasting with Fed Chair Jerome Powell's dovish remarks. The ECB kept interest rates unchanged and signaled no discussions on rate cuts, focusing on a data-dependent approach. The ECB plans to sell securities from its Pandemic Emergency Purchase Programme at €7.5 billion monthly. Inflation and growth projections were updated, with inflation expected to average 5.4% in 2023 and economic growth to modestly increase. The euro strengthened, while European stocks dipped but currency-unhedged ETFs saw minor gains.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 4:46 pm

HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) has secured a five-year exclusive global manufacturing and distribution agreement with BrkFst, a brand co-created by Burna Boy. The agreement grants Ispire the rights to distribute BrkFst branded vapor products, which will launch in Nigeria, Ghana, and South Africa in December, and in the EU and UK in Q2 2024. Ispire, which went public this spring, has also partnered with Cookies and Hempacco Co., Inc. (NASDAQ:HPCO) for distribution of cannabinoid and nicotine vapor products.

Portfolio Pulse from Jelena Martinovic

December 14, 2023 | 4:43 pm

TSLA

Nordic institutional investors, managing $1 trillion in assets, have sent a letter to Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk urging the company to recognize collective bargaining agreements for its workforce in Sweden. The investors criticized Tesla for challenging the 'Nordic Model' by preventing mechanics at its Swedish repair shops from signing agreements that include fundamental rights. Danish fund PensionDanmark A/S has divested a $69 million stake in Tesla due to this conflict. The investors have requested a meeting with Tesla's board in early 2024 to discuss the issue. Tesla shares were trading higher by 3.3% to $247.20 at the last check.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 4:41 pm

INHD

Shares of Inno Holdings Inc (INHD) were halted due to a circuit breaker triggered by a rapid increase in the stock price. This mechanism is designed to prevent excessive volatility and provide a cooling-off period for investors to assess market conditions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:41 pm

INHD

Inno Holdings shares have resumed trading. There is no additional context provided in the article regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:40 pm

CTKB

Cytek Biosciences' stock (CTKB) is trading higher following an initiation of coverage by Stephens & Co. with an Overweight rating and a $9 price target.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:38 pm

PACB

Pacific Biosciences of California (PACB) shares have risen following an initiation of coverage by Stephens & Co with an Overweight rating and a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:32 pm