Streetbeat News

Stock Prices

NUVL

JP Morgan analyst Anupam Rama has maintained an Overweight rating on Nuvalent (NASDAQ:NUVL) and increased the price target from $68 to $98.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:58 pm

BIAF

BioAffinity Technologies, Inc. (NASDAQ:BIAF) shares plummeted by 50.7% to $1.48 after announcing a securities purchase agreement with institutional investors for the sale of 1.6 million shares and equal number of warrants. The offering, priced at $1.5625 per share with warrants exercisable at $1.64, aims to raise approximately $2.5 million before expenses, with WallachBeth Capital as the placement agent. The stock's decline is also contextualized by its 12.72% decrease over the past year and current overbought status indicated by an RSI of 87.72.

Portfolio Pulse from Henry Khederian

March 06, 2024 | 3:57 pm

SPY

Fed Chair Powell expressed optimism about the U.S. economy, noting its solid growth, a tight and strong labor market, and a sharp decrease in inflation. He believes these conditions are desirable and achievable through careful use of the Fed's tools, aiming for a 'soft landing' that maintains strong growth and labor market while progressing on inflation control.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:57 pm

XERS

Xeris Biopharma Holdings' shares declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:55 pm

CERS

Cerus Corporation's shares experienced an increase following the announcement of their fourth-quarter GAAP earnings per share (EPS) results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:51 pm

SPY

Fed Chair Powell stated that the U.S. is experiencing continued solid growth with no evidence or reason to believe the economy is at risk of entering a recession in the short term. He emphasized that the possibility of a recession is not elevated at the moment.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:50 pm

WVE

Wave Life Sciences shares surged following the announcement of better-than-expected Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:49 pm

BABA

BIDU

BILI

JD

Shares of Chinese companies are trading higher after JD.com reported better than expected financial results for Q4. This positive sentiment has also impacted other Chinese firms listed in the US, such as Alibaba, Baidu, and Bilibili.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:43 pm

EVC

META

Entravision Communications Corporation (NYSE:EVC) shares plummeted after Meta Platforms Inc (NASDAQ:META) announced it will end its Authorized Sales Partner program, which significantly contributed to Entravision's EBITDA and revenue. Entravision's CEO expressed disappointment but remains confident in the company's long-term prospects, citing a strong balance sheet and ongoing strategic review. Despite a Q4 FY23 EPS loss and missing street views, the company reported higher advertising revenue and declared a quarterly dividend.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 3:43 pm

AISP

Airship AI Holdings Inc (NASDAQ:AISP) shares surged over 330% in the last week, further rising on Wednesday due to momentum from a significant contract award from a Department of Justice agency for its Acropolis Enterprise Sensor Management platform. The company, which went public via a SPAC merger, has seen increased interest from retail investors and high trading volumes, with Wednesday's volume exceeding 35 million.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 3:42 pm