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Stock Prices

ARAV

Trading on the stock ARAV has been halted at 4:01:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination pending a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:01 pm

KR

Over the past 20 years, Kroger (NYSE:KR) has produced an average annual return of 8.34%, outperforming the market by 1.07% on an annualized basis. A $1000 investment in KR stock 20 years ago would be worth $4,986.06 today. Kroger's market capitalization currently stands at $33.22 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:00 pm

SBGI

Sinclair Broadcast Group's shares are trading higher following the announcement of a global settlement of all litigation issues related to Diamond Sports Group.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 8:59 pm

VXRT

Vaxart Inc (NASDAQ:VXRT) shares rose 8.4% amid news of a $9.27 million government contract for clinical trial planning, leadership changes with Michael J. Finney as Interim CEO, and a direct stock offering agreement with RA Capital Management for $10 million. The company is advancing its oral vaccine platform, with the offering expected to close on January 18.

Portfolio Pulse from Henry Khederian

January 17, 2024 | 8:57 pm

DOOR

Masonite International Corporation's stock is trading higher following the termination of its merger agreement with PGT Innovations.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 8:56 pm

EOLS

Evolus Inc (NASDAQ:EOLS) reported Q4 2023 revenue of $61 million, a 40% Y/Y increase, surpassing consensus estimates. Full-year revenue was $202 million, exceeding guidance and consensus. For FY 2024, Evolus forecasts revenues of $255-$265 million, with positive non-GAAP operating income expected in 2025. The company plans to submit FDA applications for Evolysse products in mid-2024 and anticipates European approvals for Estyme products in 2H 2024. Analysts from Needham, HC Wainwright, Cantor Fitzgerald, and Stifel maintain positive outlooks with Buy ratings and price targets ranging from $22 to $27. EOLS shares rose 21.24% to $12.50.

Portfolio Pulse from Vandana Singh

January 17, 2024 | 8:55 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ: MARA) shares have declined following the SEC's approval of spot Bitcoin ETFs, contributing to volatility in the crypto sector. Despite a brief rally in crypto-related stocks after the SEC approved 11 Bitcoin ETF applications, Marathon's stock dropped over 40% in the subsequent days. Bitcoin's price has since stabilized, and Marathon's shares have been reducing their losses daily. The stock has also reached its weekly 120 and 200 moving averages.

Portfolio Pulse from Ryan Gustafson

January 17, 2024 | 8:54 pm

LINK

Chainlink (LINK) has integrated Circle's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP), enabling USD Coin (USDC) transfers across multiple blockchains. This move aims to enhance DeFi applications and global payments. LINK's price has risen by 5.7% in the last 24 hours and 11% over the past week, reflecting positive market sentiment. The integration initially covers Ethereum (ETH), Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), and Base (BASE) mainnets, with plans for further expansion.

Portfolio Pulse from Murtuza Merchant

January 17, 2024 | 8:54 pm

LI

Li Auto Inc (NASDAQ:LI) shares dropped by 3.7% to $29.20 as China missed GDP and retail sales estimates, affecting US-listed Chinese stocks. The EV sector may also be reacting to Tesla Inc's recent price cuts in China. China's Premier spoke at the World Economic Forum, projecting a 5.2% GDP growth for 2023, which is above the targeted 5%.

Portfolio Pulse from Henry Khederian

January 17, 2024 | 8:52 pm

MSCI

MSCI has publicly refuted the claims made in a report by short-seller Spruce Point, stating that the report contains misleading, incomplete, and false information. The firm's response comes after Spruce Point released a report that likely contains negative allegations about MSCI's business practices or financial health.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 8:50 pm