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Insider purchases were made in EyePoint Pharmaceuticals, Dave Inc., and Pulse Biosciences, signaling potential confidence in these companies. EyePoint Pharmaceuticals had a significant purchase by Cormorant Global Healthcare Master Fund LP, while also conducting an upsized public offering. Dave Inc. saw a purchase by Director Yadin Rozov following positive quarterly results. Pulse Biosciences had insider buying by Director Robert Duggan, as the company prepares for a catheter ablation feasibility study.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 11:44 am

BJ

BJ's Wholesale Club has announced the opening of its newest club location in Lewis Center, Ohio, at 8425 Orange Centre Drive, scheduled for Friday, December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:34 am

BMY

Bristol Myers Squibb has announced an additional $3 billion share repurchase authorization, bringing the total outstanding authorization to approximately $5 billion.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:31 am

USGO

HC Wainwright & Co. analyst Heiko Ihle has reaffirmed a Buy rating on US Goldmining (NASDAQ:USGO) and increased the price target from $22 to $23.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:29 am

LAKE

Lakeland Industries Inc (NASDAQ:LAKE) reported a 11.6% year-on-year increase in Q3 FY24 sales to $31.68 million, surpassing analyst estimates. The growth was driven by market share expansion in first responder markets and strength in oil, gas, and utilities. However, sales of disposable products, especially in Asia, declined. Gross profit rose 8.9% to $13.4 million, but the gross margin contracted by 110 basis points to 42.2%. Operating income surged 62.9% to $3.6 million, and adjusted EBITDA increased over 10% Y/Y. EPS of $0.34 beat the $0.27 estimate. The company ended the quarter with $26.4 million in cash and equivalents. Despite challenges in China, the company's diverse geographic and end-market presence supported its performance. LAKE shares closed 1.72% higher at $14.80 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 11:27 am

SPHR

Seaport Global analyst David Joyce has upgraded Sphere Entertainment (NYSE:SPHR) from Neutral to Buy and set a price target of $38. This upgrade suggests a positive outlook for SPHR's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:24 am

PRTC

PureTech Health announced results from the Phase 1 portion of their Phase 1/2 clinical trial for LYT-200, a treatment targeting Galectin-9 in solid tumors. The results could influence the company's future development plans and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:18 am

BRZE

Needham analyst Scott Berg has reaffirmed a Buy rating on Braze (NASDAQ:BRZE) and increased the price target from $60 to $70, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:15 am

BRZE

Barclays analyst Ryan Macwilliams has maintained an Overweight rating on Braze (NASDAQ:BRZE) and increased the price target from $65 to $80.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:07 am

ARKK

BLK

GBTC

U.S. Bitcoin ETF issuer's discussions with the SEC have progressed to focus on key details, indicating a potential advancement towards the approval of a Bitcoin ETF, according to Reuters citing sources.

Portfolio Pulse from Charles Gross

December 07, 2023 | 11:07 am