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AMZN

CCCC

FRGT

INHD

STTK

TPIC

Benzinga's Stock Whisper Index highlights five stocks: TPI Composites, C4 Therapeutics, Shattuck Labs, Inno Holdings, and Freight Technologies. TPI Composites' stock rose after a refinancing deal with Oaktree, improving liquidity and reducing obligations. C4 Therapeutics' shares surged following positive Phase 1 trial data for multiple myeloma treatment. Shattuck Labs also experienced a stock increase after reporting Phase 1A/B trial data for myelodysplastic syndromes and acute myeloid leukemia treatments. Inno Holdings completed an IPO with shares priced at $4, and the stock was volatile in its first week. Freight Technologies' stock jumped 100% after announcing the renewal of its Fr8App platform's use by Amazon Mexico.

Portfolio Pulse from Chris Katje

December 15, 2023 | 4:44 pm

VRCA

Verrica Pharmaceuticals Inc's partner, Torii Pharmaceutical Co Ltd, reported positive Phase 3 trial results for TO-208 (VP-102/Ycanth) for Molluscum Contagiosum in Japan. The results showed statistically significant efficacy versus placebo and good tolerance. Verrica's stock (NASDAQ:VRCA) surged 72.47% to $6.49 following the news.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 4:36 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) stock is trading higher after reporting Q1 earnings of $3.48 per share, surpassing estimates of $3.42 and up from $3.10 year-over-year. Sales reached $57.80 billion, exceeding estimates of $57.72 billion. Costco also declared a $15 special dividend. Analysts from Raymond James, Truist Securities, and Telsey Advisory Group have raised their price targets for Costco following the earnings report.

Portfolio Pulse from Erica Kollmann

December 15, 2023 | 4:34 pm

DIA

Quadruple witching, now effectively triple witching due to the absence of single stock futures trading in the U.S. since 2020, refers to the simultaneous expiry of stock options, index futures, and index futures options. Occurring quarterly, this event can lead to increased trading volumes and market volatility. The SPDR Dow Jones Industrial Average ETF Trust (DIA) experienced heavy trading volumes and is up 14.8% since the end of October. The recent dovish pivot by the Federal Reserve may also contribute to market volatility as traders adjust their positions.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 4:33 pm

BRSH

Bruush Oral Care, Inc. (NASDAQ:BRSH) shares surged after announcing a merger with Arrive Technology. The all-stock reverse triangular merger will transform Bruush into a technology company focusing on a Mailbox-as-a-Service platform for automated last-mile delivery. The combined entity will be named Arrive Technology Inc. and trade under the ticker 'ARRV' on the Nasdaq. BRSH shares soared by 34.9% to 23 cents with trading volume significantly exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

December 15, 2023 | 4:31 pm

BRSH

Bruush Oral Care Inc. (NASDAQ: BRSH) and Arrive Technology are merging to form Arrive Technology Inc., focusing on AI-driven last-mile delivery solutions. The new entity will list on Nasdaq under 'ARRV' after a reverse triangular all-stock merger. Prior to the merger, BRSH will conduct a reverse stock split and ensure a $10 million net cash reserve. BRSH shares surged 36.06% to $0.2313 following the announcement.

Portfolio Pulse from Akanksha Bakshi

December 15, 2023 | 4:26 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported strong Q1 earnings, surpassing expectations with $3.58 per share. Analysts from Telsey Advisory Group, Raymond James, and Oppenheimer have raised their price targets and maintained Outperform ratings, citing robust membership growth, healthy renewal rates, and a special dividend of $15 per share. Despite potential near-term volatility, Costco's fundamentals are seen as strong, with plans for new club openings and a solid balance sheet. COST shares rose 3.88% to $655.26 following the earnings release.

Portfolio Pulse from Priya Nigam

December 15, 2023 | 4:21 pm

CI

ELV

Health Care Service Corp. (HCSC) and Elevance Health Inc. (ELV) are in competition to acquire Cigna Group's (CI) Medicare Advantage business, which may be valued at over $3 billion. Final bids are expected next week. Cigna's Medicare Advantage segment, a smaller part of its overall business with fewer than 600,000 enrollees, is projected to incur losses this year and the next. The sale process is ongoing with no guarantee of a transaction, and other bidders may emerge. Previously, Cigna's merger talks with Humana Inc. failed, leading Cigna to plan a significant increase in stock buybacks.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 4:20 pm

NX

Quanex Building Products' stock is trading lower following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 4:18 pm

PNFP

Truist Securities analyst Jennifer Demba has reaffirmed a Buy rating on Pinnacle Financial Partners (NASDAQ:PNFP) and increased the price target from $75 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 4:18 pm