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PSTX

Piper Sandler analyst Edward Tenthoff has maintained an Overweight rating on Poseida Therapeutics (NASDAQ:PSTX) and increased the price target from $8 to $10.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:28 pm

M

Macy's Inc (NYSE:M) shares surged over 15% due to a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management, a bullish technical signal (Golden Cross), and recent analyst price target upgrades. The buyout offer at $21 per share is seen as a potential rescue amid competition from e-commerce. The stock's 50-day SMA crossing the 100-day SMA is a positive sign for traders. In November, JPMorgan and Telsey Advisory Group raised their price targets for Macy's stock.

Portfolio Pulse from Surbhi Jain

December 11, 2023 | 4:28 pm

BLUE

B of A Securities analyst Jason Gerberry has maintained a Buy rating on bluebird bio (NASDAQ:BLUE) and increased the price target from $11 to $12. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the current trading levels.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:25 pm

PSTX

RHHBY

Poseida Therapeutics Inc (PSTX) reported positive early results from a Phase 1 study of P-BCMA-ALLO1, a CAR-T therapy candidate for multiple myeloma, in partnership with Roche Holdings AG (RHHBY). The study showed an 82% overall response rate, with high rates of partial and complete responses and well-tolerated safety profile. The news has led to a 20.6% increase in PSTX shares in premarket trading.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 4:17 pm

AAPL

Wedbush analyst Daniel Ives has maintained an Outperform rating on Apple Inc. (NASDAQ:AAPL) and increased the price target from $240 to $250.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:12 pm

OXY

Occidental Petroleum's CEO announced that shareholders are expected to benefit from a 25% or higher free cash flow accretion due to CrownRock. The company also anticipates its Permian production to reach 750,000 barrels of oil and gas per day in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:11 pm

BMEA

CLSK

COGT

COIN

GIL

HIVE

MARA

RIOT

On Monday, several stocks experienced declines, with notable losses in the biotech sector and among companies associated with Bitcoin due to a pullback in its price. Cogent Biosciences and Biomea Fusion reported clinical trial data, resulting in significant drops in their share prices. Companies like CleanSpark, HIVE Digital Technologies, Riot Platforms, and Marathon Digital Holdings were affected by the Bitcoin price movement. Gildan Activewear announced a leadership change, and Tellurian updated its executive team.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 4:07 pm

SHAK

Shake Shack's stock price has seen an uptick following the company's reaffirmation of its fourth-quarter and full-year 2023 guidance. This reiteration may instill confidence in investors about the company's performance and outlook.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:05 pm

SPY

The New York Fed reported a decrease in consumer expectations for gasoline prices and rent over the next year. Expected gasoline prices dropped to 4.5% in November from 5% in October, while expected rent decreased to 8% from 9.1%, marking the lowest expectation for rent since January 2021.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:03 pm

COIN

Ex-Coinbase professionals have established a $500 million fund, C1, to acquire secondary shares in crypto firms like Animoca Brands and Chainalysis at discounts of 50% to 80%. The fund targets companies valued at $300 million or more and plans to invest $20 million to $50 million per deal. Animoca Brands, now valued at $7.8 billion, and Chainalysis, valued at $8.4 billion, are potential targets. The crypto market is showing signs of recovery, with Bitcoin crossing $40,000 and anticipation of a U.S.-regulated Bitcoin ETF and a Bitcoin network upgrade.

Portfolio Pulse from Murtuza Merchant

December 11, 2023 | 4:01 pm