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SWVL

Swvl Holdings Corp (NASDAQ:SWVL) has sold its subsidiary, Urbvan Mobility Ltd, to Kolors Inc for $12 million. Urbvan, a transport provider in Latin America, was acquired by Swvl in July 2022. The sale is expected to accelerate Swvl's strategic expansions in higher priority markets. Urbvan constituted 7% of Swvl's IFRS revenues as of December 31, 2022. Following the news, SWVL shares are trading higher by 16.67% at $1.19.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 3:10 pm

IMPL

Shares of Impel Pharmaceuticals (IMPL) are trading higher on abnormally-high volume, despite no company-specific news to justify the price action.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:10 pm

LOW

During the Goldman Sachs Conference, Lowe's CEO indicated that the company is observing a trend of caution among its do-it-yourself customer base.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:10 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is currently directionless, with core inflation running hotter than expected. The Producer Price Index and retail sales data will be released tomorrow. Tech CEOs are heading to Washington for a session with senators on AI. Quadruple witching is expected on Friday. Positive sentiment is seen towards Indian stocks after the G-20 summit. Early trade money flows are positive in Meta Platforms, Tesla, and Apple, negative in Amazon, NVIDIA, and Alphabet, and neutral in Microsoft. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The momo crowd is buying stocks and selling gold in the early trade.

Portfolio Pulse from The Arora Report

September 13, 2023 | 3:09 pm

SSTK

There has been a significant increase in the number of call options for Shutterstock (SSTK) with a strike price of $40 expiring on November 17. The volume of these options is 563, significantly higher than the open interest of 65. The company is expected to announce its earnings on October 24 before the market opens.

Portfolio Pulse from Charles Gross

September 13, 2023 | 3:08 pm

IMGN

JP Morgan has upgraded ImmunoGen's stock from Neutral to Overweight and raised its price target from $9 to $22, leading to a rise in ImmunoGen's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:07 pm

MDGL

Madrigal Pharmaceuticals announced that the FDA has accepted for review its New Drug Application (NDA) for resmetirom, a treatment for adult patients with NASH with liver fibrosis. This news has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:06 pm

SGML

Sigma Lithium announced that it has received multiple strategic proposals for Sigma Lithium, Sigma Brazil, and the Grota do Cirilo project, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:05 pm

NIO

XPEV

Chinese EV stocks are trading lower following the EU's announcement of an anti-subsidy investigation into Chinese EVs. The EU is concerned that these subsidies could be distorting the EU market.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:05 pm

ICL

ICL Group (NYSE:ICL) has announced a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 3.99%. The company has shown a steady increase in its dividend per share from $0.21 in 2019 to $0.91 in 2022. Additionally, ICL Group's earnings per share have also increased from $0.44 in 2019 to $1.80 in 2022, indicating a strong financial position and potential for sustained dividend distributions.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:05 pm