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CORT

Corcept Therapeutics Incorporated (NASDAQ:CORT) announced preliminary results from its CATALYST study on Cushing's syndrome in patients with type 2 diabetes, showing a 24% prevalence rate of hypercortisolism among the first 700 patients. The company also reported a Q4 2023 EPS of $0.28, beating consensus estimates, and a revenue of $135.4 million, surpassing expectations. Corcept reiterated its FY 2024 revenue forecast of $600-$630 million, significantly above consensus estimates. Despite these positive results, CORT shares dropped 6.73% to $22.82.

Portfolio Pulse from Vandana Singh

February 16, 2024 | 4:25 pm

HOLO

Trading of MicroCloud Hologram shares, symbolized as HOLO, has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:22 pm

SMCI

On Bloomberg TV, the CEO of Super Micro Computer discussed the company's recent stock movement, providing insights into factors influencing its performance.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:16 pm

SPY

Fed's Bostic expressed caution about pushing balance sheet reductions too far, indicating a careful approach to monetary policy adjustments. This statement suggests a potentially more measured pace of balance sheet cuts, which could impact market sentiment and investor strategies.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:15 pm

SPY

Fed's Bostic anticipates the possibility of starting to lower interest rates in the summer, with flexibility to adjust the timing based on economic data. He still expects two rate cuts in 2024, noting the economy's strong momentum. This suggests a cautious yet adaptable approach to monetary policy.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:13 pm

PRLD

Prelude Therapeutics shares surged following the announcement of an increase in their FY23 EPS results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:12 pm

HOLO

MicroCloud Hologram's stock was halted due to a circuit breaker trigger after surging 169.9%. The significant increase in stock price led to a temporary trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:11 pm

CJET

Chijet Holdings Limited has reported a 31.45% stake in Chijet Motor Company as of June 1, 2023, according to a 13D filing with the SEC. Following the announcement, shares of Chijet Motor Company spiked higher.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:10 pm

CG

Gabon Oil Company plans to buy Assala Energy from The Carlyle Group Inc (NASDAQ:CG) for $1.3 billion, preempting a previous $730 million deal with Maurel & Prom. This decision follows a military coup in Gabon, leveraging the national company's preemptive rights. Carlyle stated the new deal's terms are materially the same. CG shares dropped slightly by 0.08% to $44.83.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 4:09 pm

HOLO

MicroCloud Hologram's shares resumed trading after a circuit breaker halt and are now up by 138%. The significant increase in stock price triggered the halt as a precautionary measure to ensure market stability.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:08 pm