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IMCR

Immunocore Holdings reported preliminary Q4 2023 unaudited net product revenue of approximately $66 million, which is slightly below the estimated $67.05 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:12 pm

QS

QuantumScape Corp (NYSE:QS) shares increased by over 9% on Monday, potentially recovering from January losses. The initial surge in shares earlier in the month was due to positive test results from a solid-state battery by Volkswagen Group's subsidiary PowerCo. However, the stock experienced a pullback in the following weeks. The recent gain could be attributed to a high short interest of 16.59% and overall strength in the EV sector. QuantumScape closed at $7.18, up 8.30%.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:09 pm

DNMR

Danimer Scientific has received a notice from the NYSE regarding a deficiency in meeting the minimum share price standard. The company has notified the NYSE of its intention to remedy this deficiency within six months.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:09 pm

IBIT

Joe Saluzzi, co-founder of Themis Trading, criticized SEC Chairman Gary Gensler for approving spot Bitcoin ETFs, suggesting he should have resisted the pressure from the crypto industry. Saluzzi believes this decision, which followed the approval of Bitcoin futures ETFs, sets a risky precedent and gives unwarranted legitimacy to cryptocurrencies. He also mentioned the BlackRock application for options trading on its iShares Bitcoin Trust (IBIT) shares and expressed concerns over the lack of market surveillance. Saluzzi also commented on Vanguard's decision not to offer Bitcoin ETFs and the Federal Reserve's potential rate cuts.

Portfolio Pulse from Ivan Crnogatić

January 29, 2024 | 10:07 pm

FEAM

5E Advanced Materials Inc has filed with the SEC for an offering of up to 85.3 million shares by selling stockholders. This move could potentially dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:07 pm

WBUY

Webuy, presumably a publicly traded company, has received a notification from Nasdaq concerning non-compliance with the exchange's minimum bid price requirement. This could indicate that Webuy's stock price has fallen below the minimum threshold set by Nasdaq for a certain period, and the company may need to address this issue to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:06 pm

CMAX

CareMax, Inc.'s Board has approved a 1-for-30 reverse stock split for its Class A common stock. The stock, trading under the symbol 'CMAX' on the Nasdaq, is expected to begin trading on a split-adjusted basis from market open on February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:03 pm

ODP

ODP Corporation announces that CEO Gerry Smith will resume his duties on February 1, 2024, after a temporary medical leave. Joseph S. Vassalluzzo, who temporarily took over Smith's responsibilities, will revert to his role as independent non-executive Chairman. Additionally, Board member David Szymanski plans to retire, effective February 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:02 pm

CDTX

Cidara Therapeutics' stock is up following the MHRA approval of REZZAYO for treating invasive candidiasis in adults.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:59 pm

BTCUSD

Bitcoin has rebounded to over $43,000, with analysts predicting a short squeeze that could lead to $1 billion in short position liquidations. Grayscale's outflows to Coinbase have decreased, which may boost investor confidence. Technical analysts see this as a sign of strength, and recent data shows $40.9 million in Bitcoin liquidations, with most being short positions. The global cryptocurrency ownership has increased by 34% in 2023, with Bitcoin and Ethereum seeing significant growth in owners. A rise in new Bitcoin addresses and active addresses suggests growing investor interest.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 9:54 pm