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AKBA

Akebia Therapeutics has announced a delay in the filing of its Q2 earnings and Form 10Q. However, the company has reaffirmed its FY23 net product revenue guidance. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:36 pm

ILMN

Illumina Inc (NASDAQ:ILMN) is under investigation by the Securities and Exchange Commission (SEC) regarding its $8 billion acquisition of Grail. The company disclosed this in its quarterly 10Q filing, stating that it received a letter in July 2023 about the investigation. The SEC is requesting documents related to the acquisition, Grail's products, and the conduct and compensation of certain management members. Illumina's shares are down 3.81% at $178.06.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 4:31 pm

HCA

HCA Healthcare (NYSE:HCA) has outperformed the market over the past 10 years by 11.18% on an annualized basis, producing an average annual return of 21.54%. If an investor had bought $100 of HCA stock 10 years ago, it would be worth $690.48 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:30 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, producing an average annual return of 12.07%. If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $10,044.70 today. The company currently has a market capitalization of $99.39 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:30 pm

IVCP

Swiftmerge Acquisition Corp.'s shares are set to resume trading at 12:45 p.m. ET.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:27 pm

LUNA

Luna Innovations reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:23 pm

SLRX

Salarius Pharmaceuticals reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:22 pm

TISI

Shares of Team Inc. (TISI) are trading lower following the company's announcement of a year-over-year decrease in Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:21 pm

AMRS

CANO

JYNT

RGTI

TSAT

YTEN

US stocks traded mixed with the Dow Jones gaining around 100 points while the NASDAQ and S&P 500 fell. Energy shares jumped by 1.6% while information technology shares fell by 0.8%. Amyris, Inc. (AMRS) shares shot up 141% after filing for Chapter 11 bankruptcy. Telesat Corporation (TSAT) shares rose 39% after reporting Q2 results and a $2.1 billion deal with MDA. Rigetti Computing, Inc. (RGTI) shares were up 49% following a narrower-than-expected quarterly loss. Yield10 Bioscience, Inc. (YTEN) shares dropped 58% after announcing a $3.7 million public offering. Cano Health, Inc. (CANO) shares were down 70% after reporting worse-than-expected Q2 results and pursuing a sale process. The Joint Corp. (JYNT) shares fell 19% after Q2 operating highlights.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 4:19 pm

DIS

PENN

Dave Portnoy, founder of Barstool Sports, clarified via Twitter that his shares in Penn National Gaming (PENN) and Disney (DIS) instantly vested following a deal between the two companies. He added that he still owns the shares and has the option to sell them if he chooses.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:16 pm