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BGLC

BioNexus Gene Lab (BGLC) shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:42 pm

TAP

Molson Coors Beverage Co (NYSE:TAP) reported Q4 2023 earnings surpassing expectations with a 6.1% Y/Y net sales increase to $2.79 billion and issued positive FY24 guidance. Adjusted EPS was $1.19, beating the $1.12 consensus. The company announced a quarterly dividend of $0.44 per share and a new $2.0 billion share repurchase program. Despite the positive report, TAP shares dropped 2.16% to $60.77.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 2:41 pm

RENB

Hindenburg Research issued a report on Renovaro BioSciences (RENB), criticizing its merger with GEDi Cube and highlighting the controversial past of its co-founder, Dr. Serhat Gumrukcu. The report details Gumrukcu's alleged criminal activities, including murder charges, and accuses Renovaro's CEO, Mark Dybul, of poor judgment and governance. It also questions the value and legitimacy of the merger with GEDi Cube, a company with no operational history or assets. Hindenburg has taken a short position in RENB, expecting a significant downside in its shares.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:41 pm

CLRO

DQ

GEN

PET

UMC

The article highlights notable value stocks in the technology sector, focusing on companies with low P/E multiples indicating undervaluation. It lists Gen Digital, ClearOne, United Microelectronics, Wag Group, and Daqo New Energy, providing recent financial metrics such as earnings per share and dividend yields. The piece underscores the potential and risks of investing in value stocks, emphasizing the patience required for such investments to materialize.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:41 pm

FANG

Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $180 to $200.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:40 pm

FANG

NXPI

On CNBC's 'Halftime Report Final Trades,' Bitcoin, NXP Semiconductors, and Diamondback Energy were highlighted. Bitcoin surged above $50,000, marking a significant rebound. NXP Semiconductors reported Q4 earnings that beat analyst estimates, with a slight year-over-year decrease in earnings but an increase in sales. Diamondback Energy announced a merger with Endeavor Energy Resources valued at around $26 billion, causing its stock to jump 9.4%.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 2:39 pm

HOLO

Shares of MicroCloud Hologram were halted due to a circuit breaker trigger after the stock surged 19.1% to the upside. The halt is a regulatory measure to prevent excessive volatility and ensure orderly market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:39 pm

WYY

Trading of WidePoint Corporation (WYY) shares has been temporarily halted pending the release of significant news.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:38 pm

MGIH

Trading of Millennium Group International (MGIH) shares has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:38 pm

BGLC

Shares of BioNexus Gene Lab (BGLC) were halted on a circuit breaker due to a significant upward movement, with the stock now up 233.3%.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:37 pm