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OBIO

Orchestra BioMed has received FDA approval for an investigational device exemption to start its global BACKBEAT study. The study will evaluate BackBeat CNT for hypertension in pacemaker patients, which has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:44 pm

ARRY

ASPN

CNDT

EOSE

HMC

IRWD

LTRPB

LUMN

MEOH

OBIO

PLCE

RXT

SMTC

STEM

VITL

WALD

Several US stocks recorded gains in Tuesday's trading session. Orchestra BioMed Holdings, Inc. (NASDAQ:OBIO) jumped 24.4% after the FDA granted an investigational device exemption for a study. Rackspace Technology, Inc. (NASDAQ:RXT) rose 20.2% following an upgrade from Raymond James. Eos Energy Enterprises, Inc. (NASDAQ:EOSE), Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD), Conduent Incorporated (NASDAQ:CNDT), Stem, Inc. (NYSE:STEM), Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPB), Aspen Aerogels, Inc. (NYSE:ASPN), Waldencast plc (NASDAQ:WALD), Methanex Corporation (NASDAQ:MEOH), Lumen Technologies, Inc. (NYSE:LUMN), The Children's Place, Inc. (NASDAQ:PLCE), Array Technologies, Inc. (NASDAQ:ARRY), Semtech Corporation (NASDAQ:SMTC), Honda Motor Co., Ltd. (NYSE:HMC), and Vital Farms, Inc. (NASDAQ:VITL) also saw significant gains.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 2:43 pm

CCS

HOG

KFS

LEGH

MCFT

Benzinga Insights has identified five value stocks in the consumer cyclical sector based on quantified analysis. These include MasterCraft Boat Hldgs (MCFT), Kingsway Financial Servs (KFS), Harley-Davidson (HOG), Legacy Housing (LEGH), and Century Communities (CCS). The companies have reported varying earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:43 pm

GIS

General Mills, Inc. (NYSE:GIS) is set to report its Q1 2024 financial results on Sept. 20, 2023. Analysts predict a quarterly earnings of $1.08 per share, down from $1.11 per share a year ago, and revenue of $4.88 billion, up from $4.72 billion. The company's shares rose 0.4% to close at $66.10 on Monday. Several analysts have recently revised their price targets for the company, with ratings ranging from 'Market Perform' to 'Neutral'.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 2:42 pm

JKS

MVLA

RELL

SILC

Benzinga Insights has identified five value stocks in the technology sector that may be worth watching: Movella Holdings, Silicom, Richardson Electronics, JinkoSolar Holding Co, and Daqo New Energy. These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. Movella Holdings and Silicom reported stable EPS, while Richardson Electronics saw a decrease in EPS. JinkoSolar Holding Co experienced an increase in EPS, and Daqo New Energy reported a decrease.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:41 pm

SEZL

Sezzle Inc. (NASDAQ:SEZL) shares are trading higher and have resumed trading after being halted for volatility. The stock is moving despite a lack of company-specific news and on heavy trading volume. More than 983 thousand shares have been traded in the session, compared to the stock's 100-day average of just over 84 thousand shares. Sezzle shares are up over 43% at $18.49.

Portfolio Pulse from Erica Kollmann

September 19, 2023 | 2:40 pm

ELUT

Elutia has announced a $26 million private placement of 7,355,869 shares of common stock at $1.4275 per share. This has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:37 pm

BLNK

CHPT

Former President Donald Trump has warned that the future of America's automotive industry looks bleak, with all electric vehicles (EVs) likely to be made in China. Despite this, two EV stocks, ChargePoint Holdings Inc. (NYSE:CHPT) and Blink Charging Co. (NASDAQ:BLNK), are poised to benefit regardless of where the cars are made. Both companies focus on the EV charging business, with ChargePoint's network having over 255,000 activated ports and Blink operating a proprietary cloud-based software for its charging stations.

Portfolio Pulse from Jing Pan

September 19, 2023 | 2:35 pm

HSTO

Histogen has announced that its Board of Directors approved a Plan of Dissolution, leading to a drop in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:31 pm

ORCL

A significant bullish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $110.0 to $119.0 for Oracle over the last 3 months. Analysts from Jefferies, Evercore ISI Group, UBS, Barclays, and Piper Sandler have given their ratings and price targets for Oracle.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:31 pm