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Stock Prices

ELTX

Elicio Therapeutics' stock price is on the rise following the announcement of positive preclinical data showing that its TCR-T cell therapy, when combined with lymph node-targeted amphiphile-immunotherapy, has improved anti-tumor functions and successfully eradicated solid tumors.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:32 pm

GBTC

At Benzinga's Crypto & Blockchain Outlook webinar, experts from Grayscale, Tether, and the Chamber of Digital Commerce discussed the impact of a spot Bitcoin ETF approval on the cryptocurrency market. Tether's co-founder Brock Pierce sees the approval as a positive step for American businesses and investors, while Grayscale's David LaValle remains bullish on the asset class despite expecting outflows from the Grayscale Bitcoin Trust (OTC:GBTC) following its conversion to an ETF. The panel also discussed BlackRock's pivot to embrace digital assets, the SEC's ongoing adversarial stance on cryptocurrency regulation, and the potential role of Bitcoin alongside the dollar.

Portfolio Pulse from Ivan Crnogatić

January 25, 2024 | 8:28 pm

AXP

American Express Company (NYSE:AXP) stock has appreciated about 350% since Warren Buffett's Berkshire Hathaway first invested in Q1 2001. The stock's price increased from around $40 to $187, turning a $1,000 investment into approximately $4,530. Berkshire Hathaway owns over 20% of AXP, making it their third-largest holding. Despite the significant gains, AXP is positioned to benefit from lower interest rates and inflation stabilization. Deutsche Bank and JP Morgan have issued Buy ratings and raised price targets for AXP to $235 and $205, respectively.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 8:23 pm

ABT

Abbott Laboratories (NYSE:ABT) has received FDA approval for its Liberta RC DBS system, the world's smallest rechargeable deep brain stimulation device designed to treat movement disorders. The device requires minimal recharges and is compatible with Abbott's NeuroSphere Virtual Clinic, allowing remote communication and treatment adjustments with healthcare providers. The Liberta RC DBS system is significantly smaller than other devices and offers a convenient wireless charging system with customizable settings.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 8:20 pm

NOW

ServiceNow, Inc. (NYSE:NOW) surpassed Q4 earnings and sales estimates, reporting earnings of $3.11 per share and quarterly sales of $2.44 billion. This represents a 25.62% increase in sales year-over-year. The company also raised its 2024 subscription revenues and operating margin outlook. Despite the positive report, ServiceNow shares dropped slightly by 0.1%. Analysts from Barclays, Piper Sandler, Goldman Sachs, BMO Capital, RBC Capital, Mizuho, Baird, and UBS have raised their price targets on ServiceNow following the earnings release.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 8:19 pm

EFSH

1847 Holdings' stock price has declined following the announcement of a share offering of up to 2,673,797 shares at $1.87 each.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:17 pm

APP

AppLovin Inc. (NASDAQ:APP) stock has risen by 7.46% over the past month and 247.90% over the past year, currently trading at $44.00. The company's P/E ratio of 154.68 is slightly higher than the Software industry's aggregate P/E of 151.0, suggesting that investors may expect better future performance from AppLovin, but also raising concerns that the stock might be overvalued. The P/E ratio is a critical tool for investors but should be used alongside other financial metrics and qualitative analysis for comprehensive investment decisions.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 8:15 pm

INBS

Intelligent Bio Solutions (INBS) announced a 1-for-12 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:08 pm

BZFD

BuzzFeed Inc (NASDAQ:BZFD) and Vice Media are facing financial difficulties, leading to downsizing and asset sales. BuzzFeed's stock has dropped over 97% since its 2021 IPO, and it is now looking to sell its food-focused sites Tasty and First We Feast. Vice Media, overseen by Fortress Investment Group after bankruptcy, is trying to sell Refinery29 after a failed attempt to sell the entire company. Both companies are struggling with a volatile advertising market and reduced traffic, reflecting broader industry challenges for digital media.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 8:06 pm

HLN

Haleon PLC (NYSE:HLN) has announced a recall of certain lots of its Robitussin cough syrups due to microbial contamination, which could be life-threatening for immunocompromised individuals. The recall affects nearly 10 lots of Robitussin Honey CF Max Day Adult and Honey CF Max Nighttime Adult. No adverse reactions have been reported. Despite the recall, Haleon's stock was trading higher, although it has underperformed the market over the last year.

Portfolio Pulse from Aaron Bry

January 25, 2024 | 8:04 pm