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ELWS

Trading in shares of Earlyworks (ELWS) has resumed after being temporarily halted. The reason for the halt was not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:45 pm

AUR

AUROW

Aurora Innovation has filed a prospectus for a mixed securities shelf offering with an aggregate offering price not to exceed $850 million. The offering includes Class A Common Stock, Preferred Stock, Debt Securities, Depositary Shares, Warrants, Subscription Rights, Purchase Contracts, and Units. The securities may be sold through various channels and the specific terms will be provided in prospectus supplements. Aurora's Class A common stock and public warrants are listed on Nasdaq under the symbols 'AUR' and 'AUROW' respectively. As an emerging growth company, Aurora may opt for reduced public company reporting requirements.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:45 pm

MRNA

Moderna Inc (NASDAQ:MRNA) shares rose after Oppenheimer analyst Hartaj Singh upgraded the stock from Perform to Outperform with a price target of $142. The upgrade follows Moderna's shareholder letter detailing plans for new product launches, clinical trials, and a focus on profitability by 2024-2025. CEO Stéphane Bancel outlined the company's aim to launch up to 15 new products in the next five years and expects to break even in 2026.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 3:44 pm

SNES

SenesTech shares have risen following the announcement of an expanded distribution agreement with Pesterminators, which now includes the deployment of Evolve and an extension of territory into the UAE.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:43 pm

ATAI

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a Buy rating on ATAI Life Sciences (NASDAQ:ATAI) and maintained a $20 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:41 pm

PATH

UiPath Inc (NYSE:PATH) shares soared over 100% in 2023. William Blair analyst Jake Roberge initiated coverage with an Outperform rating, citing the company's strong retention rate, expansion into new markets like generative AI, and a significant total addressable market. Despite a recent 3.8% drop in share price, the company's outlook remains positive with expected efficiency gains and a $1.3 billion ARR.

Portfolio Pulse from Priya Nigam

January 02, 2024 | 3:41 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower despite the company announcing the delivery of 50 additional Class 1 EV cargo vans to Randy Marion Automotive Group, invoiced for $1.681 million. This follows a previous delivery of 50 vans for $1.680 million, totaling 100 vans delivered for $3.36 million. Mullen aims to deliver 285 Class 1 vehicles by January 8, 2024, and is ramping up production for 2024 demands. The company also completed the development of its solid-state polymer cell to pack integration for the vans and plans to begin road testing in early 2024. Additionally, Mullen announced a 1-for-100 reverse stock split effective December 21, 2023. MULN shares are down 8.05% to $13.14.

Portfolio Pulse from Nabaparna Bhattacharya

January 02, 2024 | 3:41 pm

ELWS

Shares of Earlyworks (ELWS) were halted on a circuit breaker due to a rapid increase in price, with the stock currently up 54.2%.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:40 pm

AAPL

Apple Inc (AAPL) stock is down after Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight and lowered the price target from $161 to $160. Long cites weakness in iPhone volumes and mix, lack of recovery in Macs, iPads, and wearables, and worse IP15 data from China. He expects a largely in-line December quarter but has reduced his March quarter estimates below consensus, anticipating a year-over-year revenue decline after a flat December quarter. Long also sees service risks emerging in 2024 and believes the current multiple expansions are unsustainable.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 3:40 pm

BA

Akasa Air, an Indian budget carrier, is reportedly close to finalizing an order for approximately 150 Boeing 737 MAX narrowbody planes. This deal, expected to be announced at Wings India, would add to Akasa's existing order of 76 Boeing planes. The order aims to support Akasa's domestic and international expansion plans. Boeing (BA.N), which has not responded to queries, could see a positive impact as this order would help it gain ground in the competitive Indian aviation market.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:39 pm