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Stock Prices

CRNX

NBY

SGMA

SWIN

TNON

VIRC

US stocks traded higher with the Dow, Nasdaq, and S&P 500 all seeing gains. Virco Mfg. Corporation reported better-than-expected Q2 earnings. NovaBay Pharmaceuticals, Crinetics Pharmaceuticals, and Versus Systems saw their shares rise significantly. SigmaTron International, Tenon Medical, and Solowin Holdings saw their shares drop. No major US economic releases were announced.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 1:39 pm

CMPS

PSIL

The Usona Institute has shared positive results from its Phase 2 trial assessing a single 25mg synthetic psilocybin dose for adults with Major Depressive Disorder. COMPASS Pathways (NASDAQ:CMPS) has also shared results from research on its novel AI technologies to support proprietary COMP360 psilocybin treatment for Treatment-Resistant Depression. In the UK, drug policy reform is underway, with a report urging the reclassification of psilocybin mushrooms and other psychedelics to Schedule 2. Several US states are also moving reform bills concerning the study or legalization of psychedelic substances for therapeutic purposes. The AdvisorShares Psychedelics ETF (NYSE:PSIL) opened at $1.79 on September 5, recovering from the prior week’s $1.65.

Portfolio Pulse from Lara Goldstein

September 11, 2023 | 1:34 pm

ARBUSD

BTCUSD

ETHUSD

Cryptocurrency prices fell on Monday, with Bitcoin trading below $26,000 and Ethereum falling below $1,600. Tether Gold was the top gainer over the past 24 hours, while Arbitrum was the biggest loser. The global crypto market cap fell to $1.03 trillion, a 24-hour decline of 0.8%.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 1:31 pm

HON

Honeywell Intl's (NYSE:HON) short percent of float has fallen 9.78% since its last report, with 5.52 million shares sold short, which is 0.83% of all regular shares available for trading. It would take traders 1.94 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 1.87%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:30 pm

PFE

Pfizer's (NYSE:PFE) short percent of float has risen 14.81% since its last report, with 52.39 million shares sold short. This represents 0.93% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Pfizer's short interest as a percentage of float is less than its peer group average of 4.51%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:30 pm

MAR

Marriott Intl's (NYSE:MAR) short percent of float has risen 11.25% since its last report, with 6.03 million shares sold short, which is 2.67% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Marriott has less short interest as a percentage of float, with an average of 6.48%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:30 pm

CING

Cingulate Therapeutics has priced its offering of 6,925,208 shares at $0.5776 per share.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 1:23 pm

RTX

RTX Corp (NYSE:RTX) announced that it will incur a pre-tax operating profit impact of between $3 billion and $3.5 billion over the next several years due to a problem with the Pratt & Whitney GTF fleet. This includes a $3 billion pre-tax charge in Q3. The company also reduced its FY23 sales outlook from $73 billion - $74 billion to $67.5 billion - $68.5 billion. Despite this, RTX remains confident in its ability to return $33 - $35 billion in capital to its shareholders through 2025.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 1:22 pm

YTRA

Yatra Online has filed a Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to launch its previously announced IPO in India.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 1:22 pm

AAPL

AMD

INTC

NVDA

QQQ

SPY

Nvidia Corp's stock is trading higher, in line with broader indexes. The company has introduced new TensorRT software for Large Language Models (LLMs) that can boost performance and efficiency for inference processing across all Nvidia GPUs. Nvidia's CEO hinted at India becoming the chip designer's largest AI exporter, with plans to upskill every engineer in the organization. The company's dominance in AI chips has impacted venture funding for potential rivals. Advanced Micro Devices and Intel Corp are developing rival products to compete with Nvidia. In related news, Qualcomm's stock soared after it secured a deal with Apple Inc.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 1:16 pm