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CYN

GGE

M

NIR

Green Giant Inc. (GGE) shares plummeted by 37.1% in pre-market trading due to a proposed public offering. Other stocks experienced significant movement in pre-market trading, with notable gainers including NextPlay Technologies (NXTP), Onconova Therapeutics (ONTX), and Macy's (M), which received a $5.8 billion acquisition bid. Losers included Near Intelligence (NIR), which filed for Chapter 11, and Cyngn Inc. (CYN), which announced a $5 million public offering.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:59 pm

SNAP

Wells Fargo analyst Ken Gawrelski has upgraded Snap Inc. (NYSE:SNAP) from Equal-Weight to Overweight and increased the price target from $8 to $22, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:57 pm

NKE

Nike's stock (NKE) is trading higher following an upgrade from Citigroup, changing its rating from Neutral to Buy and increasing the price target from $100 to $135.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:57 pm

NVS

Novartis AG (NYSE:NVS) reported positive Phase 3 study results for iptacopan in treating C3 glomerulopathy (C3G), a rare kidney disease. The study met its primary endpoint, showing significant proteinuria reduction. Iptacopan, branded as Fabhalta, was recently FDA-approved for a rare blood disorder. Regulatory submissions for C3G treatment are expected in 2024. NVS shares rose 0.53% in premarket trading.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 12:56 pm

ATNM

Actinium Pharmaceuticals presented positive data on Iomab-B and Actimab-A for treating relapsed or refractory Acute Myeloid Leukemia at the ASH conference. Four presentations highlighted the outcomes, suggesting potential for these treatments in a challenging patient population.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:55 pm

DVN

Morgan Stanley analyst Devin McDermott upgraded Devon Energy (NYSE:DVN) from Equal-Weight to Overweight and increased the price target from $48 to $52.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:54 pm

AAPL

GOOG

GOOGL

Alphabet Inc's Google and Apple Inc are both delving into AI-powered life narratives using Large Language Models (LLMs). Google's 'Project Ellmann' aims to analyze mobile phone data to narrate a user's life story, potentially integrating with Google Photos and featuring an interactive chat. Google has also integrated its advanced AI model, Gemini, into its chatbot Bard and plans to extend it to other products. Apple is advancing its AI through the Photos app and the upcoming Journal App, enhancing LLMs with data like facial recognition and thematic photo categorization. GOOG shares closed lower by 1.31% at $136.64 on Friday.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 12:53 pm

OXY

Morgan Stanley analyst Devin McDermott upgraded Occidental Petroleum (NYSE:OXY) from Equal-Weight to Overweight and set a price target of $68.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:53 pm

M

Macy's stock is trading higher after reports of a $5.8 billion buyout offer from an investor group.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:48 pm

SFM

UBER

Sprouts Farmers Market Inc (SFM) has announced that its products are now available for delivery through Uber Eats in Florida, with plans to expand to all Sprouts locations by year-end. The service offers over 15,000 products, including organic and specialty items. The partnership aims to increase accessibility to Sprouts' healthy offerings. SFM shares closed slightly lower on Friday.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 12:46 pm