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Stock Prices

GDHG

Shares of Golden Heaven Group (GDHG) were halted due to a circuit breaker after falling 6.83%. Circuit breakers are designed to prevent panic-selling and ensure orderly market behavior during significant stock price movements.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:09 pm

LILM

Shares of Lilium N.V. (NASDAQ:LILM) surged after announcing a Memorandum of Understanding with Lufthansa Group to explore a strategic partnership for eVTOL aircraft operation in Europe. This partnership aims to investigate innovation opportunities in aviation, including collaboration with third parties such as airports and regional partners. The announcement follows the commencement of production of the Lilium jet. The European market is anticipated to demand approximately 9,200 eVTOL aircraft by 2035. Lilium's CEO Klaus Roewe expressed enthusiasm about the partnership's potential to advance sustainable aviation and offer eVTOL flights to Lufthansa customers.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 3:09 pm

GSK

WVE

Wave Life Sciences Ltd (NASDAQ:WVE) is trading lower after pricing its public offering of 20 million shares at $5.00 per share, aiming to raise approximately $100 million. The underwriters have a 30-day option to purchase up to an additional 3 million shares. The offering is expected to close around December 11. Wave Life Sciences also initiated dosing in the RestorAATion clinical trial for WVE-006, a potential treatment for alpha-1 antitrypsin deficiency (AATD), and received a $20 million milestone payment from GSK plc (NYSE:GSK) as part of their collaboration. Wave is eligible for up to $505 million more in milestone payments and royalties from GSK. WVE shares dropped 29.40% to $4.85.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 3:08 pm

BTCUSD

ETHUSD

HOOD

MATICUSD

SOLUSD

Robinhood Markets Inc. is expanding in the EU with its commission-free cryptocurrency trading service, following its UK stock trading launch. The app offers trading of over 25 cryptocurrencies, including Bitcoin, Ether, and Solana. A loyalty program with Bitcoin cashback is also introduced. Despite a 75% increase in crypto trading volumes in November, Robinhood's overall crypto trading volumes declined by 55% in Q3 year-over-year. Regulatory challenges have led to the removal of some tokens in the U.S., and the company will need to comply with the EU's MiCA regime by 2025.

Portfolio Pulse from Murtuza Merchant

December 07, 2023 | 3:07 pm

SPY

USA Wholesale Inventories for October decreased by 0.4%, which is lower than the estimated decrease of 0.2% and down from the prior month's increase of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:00 pm

ALKT

Over the past 3 months, 4 Wall Street analysts have provided ratings on Alkami Technology (NASDAQ:ALKT), with an average 12-month price target of $23.5, a high of $25.00, and a low of $21.00. The current average price target represents an 11.9% increase from the previous target of $21.00. The ratings include 1 bullish, 2 somewhat bullish, and 1 indifferent. Analysts typically review stocks quarterly or after major company updates, using financial predictions and company risk assessments.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:00 pm

FILUSD

Filecoin (CRYPTO: FIL) has seen a 5.29% increase in price over the past 24 hours, reaching $4.95. Over the past week, FIL has gained 13.0%, rising from $4.36. Despite the recent gains, it is still far from its all-time high of $236.84. Trading volume has surged by 119.0% in the past week, and the circulating supply has grown by 0.62% to over 475.96 million, which is 24.27% of its max supply. Filecoin's market cap is currently ranked #32, valued at $2.35 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:00 pm

GILD

Gilead Sciences Inc. (NASDAQ:GILD) shares are trading at $79.44, with a 0.10% increase in the current session and a 5.57% increase over the past month, despite a 10.01% decline over the past year. The stock's P/E ratio of 17.0 is lower than the Biotechnology industry average of 36.66, suggesting it may be undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:00 pm

FYBR

Frontier Communications (NASDAQ:FYBR) has received 5 analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and none bearish. The average price target is $31.4, representing an implied upside from the current price of $22.29. This target has decreased by 2.88% from the previous target of $32.33. Analysts rate stocks typically once per quarter, and these ratings provide investors with guidance but are subjective opinions.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:00 pm

PAYO

Payoneer Global (NASDAQ:PAYO) has received 5 analyst ratings in the last quarter, with 4 being bullish and 1 somewhat bullish. The average price target is $8.2, representing significant upside from the current price of $4.97. This is a slight decrease from the previous average price target of $8.33. Analysts use various methods to forecast stock performance, and their ratings can influence market perceptions and stock prices.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:00 pm