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TSN

Barclays analyst Benjamin Theurer upgraded Tyson Foods (NYSE:TSN) from Underweight to Overweight and increased the price target from $53 to $69, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:08 am

IGC

IGC Pharma shares surged following positive interim Phase 2 data indicating a reduction in Alzheimer's agitation at week two.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:03 am

IGC

IGC Pharma announced positive interim Phase 2 data for IGC-AD1, showing it met its secondary endpoint and demonstrated a clinical reduction in Alzheimer's agitation at week two. This development could significantly impact IGC Pharma's stock as it progresses in the Alzheimer's treatment market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:02 am

FCOM

META

XLC

Meta Platforms Inc (NASDAQ:META) introduces a 'Recent' filter on Threads for sorting search results by the most recent posts, aiming to enhance the user search experience. This feature is currently in a limited test phase. Despite the potential benefits, concerns over safety loopholes have been expressed. Additionally, Meta faces regulatory challenges in Turkey and the EU, impacting Threads' availability. Meta's stock has seen a 129% increase over the last 12 months, with exposure available through XLC and FCOM ETFs. META shares are currently trading lower by 0.39% at $498.30 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 10:58 am

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares surged in premarket trading after reporting Q4 FY23 results. Despite sales declining to $10.4 million from $20.2 million and missing consensus estimates, the company saw an improvement in adjusted EBITDA and reported a net income of $3.0 million, contrasting with a net loss of $(32.5) million a year ago. EPS was $0.05, beating the consensus estimate of $(0.20). The company is optimistic about 2024, citing advancements in battery cell production and market expansions. Dragonfly forecasts Q1 revenue between $12.0 million and $13.0 million, with an EPS of $(0.13) to $(0.17), and highlights potential growth in the RV and heavy-duty trucking markets.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 10:55 am

ITCI

Trading for ITCI was halted at 6:55:00 a.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:55 am

CLNE

GRPN

INO

LII

LYEL

LYV

TVGN

Live Nation Entertainment, Inc. (LYV) shares fell 7.8% in pre-market trading due to a report of an impending antitrust lawsuit by the Justice Department. Other stocks such as Inovio Pharmaceuticals (INO), Groupon (GRPN), Lyell Immunopharma (LYEL), ArcelorMittal (MT), Tevogen Bio Holdings (TVGN), Lennox International (LII), and Clean Energy Fuels Corp (CLNE) also saw declines in pre-market trading due to various reasons including underwritten offerings, tax authority actions, downgrades, and upcoming financial results.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 10:53 am

BAC

Bank Of America's shares are trading lower after the company announced its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:52 am

PNC

PNC Financial Services Group reported Q1 adjusted EPS of $3.36, surpassing the $3.02 estimate, but its sales of $5.14B fell short of the $5.188B forecast. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:38 am

CAVA

Wedbush analyst Nick Setyan has maintained an Outperform rating on Cava Group (NYSE:CAVA) and increased the price target from $65 to $74, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:36 am