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APTO

Aptose Biosciences announced that two abstracts on tuspetinib, its Phase 1/2 myeloid kinase inhibitor in development for acute myeloid leukemia, have been released. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:24 pm

ACRDF

AYRWF

CBSTF

CXXIF

GLASF

MRMD

RWBYF

TRUL

TSNDF

UNRV

The Viridian Credit Tracker Model uses 11 market and financial variables to quantify four main credit factors: Liquidity, Leverage, Profitability, and Size. The model suggests that the best single number that an investor can calculate is Total Liabilities/ Market Cap. The model shows moderate improvement for C21 (OTC:CXXIF), Unrivaled (OTC:UNRV), Glass House (OTC:GLASF), TerrAscend (OTC:TSNDF), and AYR (OTC:AYRWF) while MariMed (OTC:MRMD), Trulieve (OTC:TRUL), and Cannabist (OTC:CBSTF), show moderate deterioration. Schwazze, Red White & Bloom (OTC:RWBYF), and Acreage (OTC:ACRDF) all show more significant deterioration.

Portfolio Pulse from Viridian Capital Advisors

October 16, 2023 | 4:23 pm

BIOC

PSTV

Biocept Inc has filed for Chapter 7 bankruptcy and announced the resignation of its president and CEO, along with several board members. The company had been exploring strategic alternatives and had implemented a restructuring plan that included reducing staff by 35%. Biocept's Q2 revenues fell to $589,000 from $5.8 million a year ago due to lower COVID-19 testing volume. The company's shares are down 46.1%.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 4:22 pm

BNBUSD

Binance (CRYPTO: BNB) has conducted its 25th quarterly BNB burn, eliminating 2.14 million BNB tokens equivalent to $501.7 million. The burn includes 314.69 BNB burned through the Pioneer Burn Program. The past hour saw a 1.2% rise in BNB price while the past 24-hour trade led to a 2.9% gain. The current circulating supply of BNB is 151.7 million, with plans to bring it under 100 million through its BNB Auto-Burn procedure. So far, it has burned 50.29 million BNB tokens in total.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 4:19 pm

BTCUSD

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares are up on heavy trading volume due to anticipation of the potential approval of the first Bitcoin spot ETF in the U.S. The company is one of the largest bitcoin holders with approximately 158,245 bitcoins. 24.87% of MSTR shares are being sold short and more than 775 thousand shares have been traded, surpassing its 100-day average of just over 588 thousand shares.

Portfolio Pulse from Erica Kollmann

October 16, 2023 | 4:19 pm

ATEC

Alphatec Holdings Inc (NASDAQ:ATEC) reported strong preliminary Q3 FY23 revenues and increased its FY23 outlook. The company expects Q3 revenues of $117.7 million-$118.5 million, higher than the consensus of $111.78 million. ATEC also raised its FY23 revenue outlook to $472 million from $462 million. The company's shares are trading higher by 1.96% at $11.43.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 4:17 pm

AZN

BIOVF

PFE

SNY

Healthcare providers are facing challenges in offering Pfizer's Abrysvo and Sanofi's Beyfortus, treatments for respiratory syncytial virus (RSV) in infants, due to insurance coverage issues and high costs. RSV is a significant threat to newborns, seniors, and adults with chronic conditions. The only previous preventative measure was Swedish Orphan Biovitrum's Synagis, costing about $1,000 per dose. Abrysvo and Beyfortus reduce the risk of severe disease or hospitalization by over 50%.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 4:16 pm

PDD

A significant investor has taken a bearish stance on PDD Holdings (NASDAQ:PDD), with 56% of recent trades being bearish and 44% bullish. The total amount for put options is $211,943 and for call options is $1,162,888. Whales have been targeting a price range from $40.0 to $135.0 for PDD Holdings over the last 3 months. The current price of PDD is $105.52, down 0.55%.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:15 pm

RAD

Rite Aid has filed voluntary petitions to commence proceedings under Chapter 11, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:14 pm

ALHC

APH

LULU

PCTI

Several US stocks recorded significant gains on Monday, with PCTEL, Inc. (NASDAQ:PCTI) leading the pack with a 47.3% increase following its acquisition by Amphenol Corporation (NYSE:APH). Other notable gainers include Almacenes Éxito S.A. (NYSE:EXTO), E2open Parent Holdings, Inc. (NYSE:ETWO), Prothena Corporation plc (NASDAQ:PRTA), and Alignment Healthcare, Inc. (NASDAQ:ALHC), which saw its stock upgraded by Raymond James. Lululemon Athletica Inc. (NASDAQ:LULU) also climbed 9.8% after it was announced the stock will join the S&P 500.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 4:08 pm