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BITF

Bitfarms reported a decrease in Bitcoin mining output, generating 233 BTC in August compared to 253 BTC in July.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:18 am

RDHL

Redhill Biopharma published data from a Phase 2/3 study of Opaganib in COVID-19 pneumonia, showing a 62% reduction in mortality and a 21% improvement in time to room air. The study suggests FiO2 levels as a potential biomarker for disease severity.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:14 am

IQ

SCOR

SGRP

The article highlights three oversold stocks in the communication services sector: comScore Inc (SCOR), SPAR Group Inc (SGRP), and iQIYI Inc (IQ). These stocks have RSI values below 30, indicating potential undervaluation. comScore reported disappointing Q2 results, SPAR Group showed strong sales growth, and iQIYI was downgraded by Goldman Sachs.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 11:11 am

BABA

BIDU

JD

LI

NIO

PDD

XPEV

Chinese stocks like Alibaba, Li Auto, and Baidu are experiencing a pre-market decline due to a drop in the Shanghai Composite Index, influenced by a fall in Chinese bank stocks. This has led to a selloff in Chinese firms listed in the U.S.

Portfolio Pulse from Pooja Rajkumari

September 03, 2024 | 11:11 am

DIA

GLD

SPY

UUP

U.S. stocks closed higher with the Dow reaching a new all-time high, driven by strong consumer spending and moderate inflation. All 11 S&P 500 sectors rose, led by consumer discretionary. Asian markets were mixed, while European markets slid. Commodities saw a decline in oil prices, and the U.S. dollar neared a two-week high.

Portfolio Pulse from Akanksha Bakshi

September 03, 2024 | 11:11 am

MRT

Marti Technologies, Inc. (NYSE:MRT) has surpassed its ride-hailing targets a month early, achieving over 1.3 million riders and 205,000 drivers by August 31, 2024. The company has set new targets for September 30, 2024, aiming for 1.35 million riders and 215,000 drivers.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:10 am

DK

Delek US Holdings has announced a $400 million increase to its share buyback program, indicating confidence in its financial position and future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:08 am

ABIO

ORKA

Oruka Therapeutics has completed its merger with ARCA Biopharma and will begin trading under the ticker ORKA. The company also appointed CRISPR CEO Samarth Kulkarni as Chairman. A $275 million private placement was completed, and the company has approximately 46.3 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:06 am

GCT

GigaCloud Technology has announced a plan to repurchase up to $46 million of its Class A ordinary shares over the next 12 months. This move is likely aimed at boosting shareholder value and confidence.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:04 am

AUUD

AUUDW

Auddia Inc. has integrated Apple CarPlay and Android Auto into its faidr app, enhancing in-car listening experiences. This move aligns with the growing trend of smartphone mirroring in vehicles, which is a significant factor for car buyers.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:59 am