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ONCY

Oncolytis Biotech has entered into an agreement with Leede Jones Gable to purchase 6.667 million units for gross proceeds of $15 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:27 pm

EVI

EVI Industries Inc has announced a definitive agreement to acquire ALVF, Inc. dba ALCO Washer Center, a distributor of commercial laundry products. The acquisition aims to increase EVI's customer base and expand its distribution and service footprint in the northeast region of the U.S. The deal is EVI's twenty-fifth acquisition of a commercial laundry business. EVI shares are trading higher by 3.47% at $25.36.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 4:26 pm

ACAX

ACHR

GDRX

SILC

UFAB

YELL

U.S. stocks traded slightly higher with the Nasdaq Composite gaining around 20 points. Energy shares climbed by 2.1% while health care shares fell by 1%. Yellow Corporation (YELL) shares shot up 88% after terminating its operations. GoodRx Holdings (GDRX) shares rose 36% after an upgrade from TD Cowen. Archer Aviation (ACHR) shares gained 34% after entering into contracts with the US Air Force. Unique Fabricating (UFAB), Alset Capital Acquisition Corp. (ACAX), and Silicom Ltd. (SILC) shares dropped.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:25 pm

SPY

Goldman Sachs' Prime Brokerage report indicates that hedge funds de-risked in July at nearly record levels for the past decade, primarily due to short covering. Long/short hedge funds saw nine consecutive days of negative returns before July 28.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:23 pm

JNJ

Johnson & Johnson's Chapter 11 filing for LTL Management has been rejected by a federal judge, causing the company's shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:23 pm

ACHR

AMC

GDRX

NEWR

NKLA

SOFI

SYM

Several US stocks recorded gains on Monday, with Archer Aviation, GoodRx Holdings, Fifth Wall Acquisition Corp., Xiao-I Corporation, Symbotic, SoFi Technologies, Nikola Corporation, Innoviz Technologies, Aurora Acquisition Corp., Canoo, 2U, Faraday Future Intelligent Electric, New Relic, Palantir Technologies, AMC Entertainment Holdings, BlackBerry, and Roku all seeing significant increases. Notable events include Archer Aviation's contracts with the US Air Force, GoodRx's upgrade by TD Cowen, Symbotic and SoFi's better-than-expected results, Nikola's agreement with J.B. Hunt Transport, New Relic's acquisition by Francisco Partners and TPG, and AMC's record admissions revenue.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:13 pm

MYMD

MyMD Pharmaceuticals Inc announced positive results from its Phase 2 study of MYMD-1, a drug for chronic inflammation associated with sarcopenia or age-related frailty. The study met its primary and secondary endpoints, showing significant reduction in inflammatory markers and no treatment-related adverse events. The company plans to discuss a Phase 3 study with the FDA. MYMD shares are up 5.45%.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 4:11 pm

TAOP

Taoping Inc. has announced a 1-for-10 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:10 pm

SNMP

Trading of Evolve Transition Infrastructure LP Common Units has resumed.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:10 pm

TAOP

Taoping Inc. (NASDAQ:TAOP) has announced a one-for-ten reverse stock split of its ordinary shares, effective from August 1, 2023. The move is intended to increase the per share trading price to meet the $1.00 minimum bid price requirement for continued listing on the NASDAQ Stock Market. Post-split, the company will have approximately 1.86 million ordinary shares issued and outstanding.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:09 pm