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MEDS

TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares surged over 140% following the announcement of the sale of assets of its subsidiary Trxade, Inc. to Micro Merchant Systems (MMS) for $22.5 million. The deal includes a potential additional payment of $7.5 million to Trxade if MMS receives $1.6 million or more in certain collections from third parties within four months post-closing. The legal firm Dykema facilitated the transaction, which was completed in three weeks. TRxADE will retain pharmaceutical wholesaling assets through its subsidiary, Integra Pharma Solutions, LLC.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 3:29 pm

TOL

Toll Brothers, Inc. (NYSE:TOL) is set to release its Q1 earnings after the market closes on Feb. 20, 2024, with expectations of $1.78 per share in earnings, up from $1.7 the previous year, and projected revenue of $1.86 billion. The company recently entered a new builder relationship with The St. Joe Company for homesites in Panama City Beach. Shares fell 1.9% to $102.18 recently. Analysts have mixed views, with ratings ranging from Neutral to Strong Buy and price targets adjusted accordingly.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:27 pm

CVNA

Carvana Co (NYSE:CVNA) shares trended down nearly 9% on Friday after a downgrade from Raymond James but are up 58% over the last three months. Wedbush analyst Seth Basham maintained a Neutral rating but raised the price target from $40 to $50. Carvana is expected to report a Q4 loss of 87 cents per share with revenue of $2.529 billion. Additionally, Carvana expanded same-day vehicle delivery to Sacramento, California. The average one-year price target for CVNA shares is $42.80, indicating a potential downside of 16.24%. Shares were down 5.87% at $49.39 at the time of publication.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 3:24 pm

M

Macy's, Inc. (NYSE:M) has received director nominations from Arkhouse Management Co. LP for its 2024 Annual Meeting. This follows an unsolicited proposal from Arkhouse and Brigade to buy Macy's at $21.00 per share, which the Board deemed not actionable due to financing concerns. Macy's emphasizes its commitment to value creation and plans to share its strategy in the upcoming earnings report. The company's financial advisors, Bank of America Securities and Wells Fargo, along with legal advisor Wachtell, Lipton, Rosen & Katz, are engaging with Arkhouse and Brigade to potentially advance discussions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:23 pm

GCT

Trading of GigaCloud Technology shares has resumed after a temporary halt. This development is crucial for investors and traders monitoring the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:21 pm

MNPR

Monopar Therapeutics shares surged following the announcement of receiving Human Research Ethics Committee clearance in Australia to start a Phase 1 dosimetry trial of its novel radiopharmaceutical, MNPR-101-Zr.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:20 pm

LUNR

Intuitive Machines' stock (LUNR) surged about 30% in early trading as its IM-1 mission, carrying 12 payloads including six for NASA under a $118 million contract, approaches a moon landing attempt. The mission, launched on a SpaceX rocket, has completed several key milestones, with the lander 'Odysseus' preparing for lunar orbit insertion. This marks the company's first moon mission and represents the second under NASA's Commercial Lunar Payload Services initiative.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:20 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares surged over 170% after announcing a new patent grant from the United States Patent and Trademark Office for its FORCEGH+ facilities, a proprietary cultivation facility design. This design aims to provide a sustainable environment for growing high-quality crops in extreme macroclimates, meeting GMP standards. The patent, number 11,895,958, enhances the company's IP portfolio, focusing on maximizing crop yields without the need for pesticides, fungicides, and herbicides. Despite the recent surge, AGRI shares have experienced a significant decline over the past year, attributed to a 'massive erosion' of the macro business environment as noted by CFO and interim CEO Richard Wong. The company is actively seeking new investors and plans to participate in investor conferences in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 3:13 pm

GCT

Shares of GigaCloud Technology were halted due to a circuit breaker triggered by a significant upside movement. However, the stock is currently down by 28.9%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:11 pm

DTSS

Datasea Inc's shares resumed trading after a temporary halt due to a circuit breaker being triggered. The halt was a response to significant volatility in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:09 pm