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ZI

ZoomInfo Technologies' shares are trading lower following a downgrade by RBC Capital from Outperform to Sector Perform. RBC Capital also reduced its price target for the stock from $30 to $28.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:26 pm

KOD

REGN

Kodiak Sciences Inc's shares are falling after the company announced topline results from three Phase 3 studies of tarcocimab tedromer, a novel antibody biopolymer conjugate, for neovascular age-related macular degeneration (AMD) and diabetic macular edema. The DAYLIGHT study met the primary endpoint of non-inferior visual acuity gains for tarcocimab dosed monthly compared to Regeneron Pharmaceutical Inc's Eylea. However, the GLEAM and GLIMMER studies did not meet their primary efficacy endpoints. An unexpected increase in cataracts was observed over time in the tarcocimab arms of both GLEAM and GLIMMER. Kodiak has decided to discontinue further development of tarcocimab.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 12:25 pm

YOU

Clear Secure shares are trading higher after Needham analysts reiterated their Buy recommendation on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:23 pm

BDX

Becton, Dickinson and Company (BDX) shares are trading higher after the company received FDA510(k) clearance for the updated BD Alaris Infusion System. Raymond James upgraded the stock from Market Perform to Outperform with a $305 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:23 pm

TLIS

Talis Biomedical Corporation (NASDAQ:TLIS) has regained compliance with the Nasdaq minimum bid price requirement of at least $1.00 per share. This follows the company's 1-for-15 reverse stock split approved by stockholders on June 9, 2023, and effected on July 5, 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:23 pm

TWKS

Thoughtworks has announced a partnership with The Modern Data Company to pursue AI initiatives. This news has led to an increase in the trading of Thoughtworks shares.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:22 pm

MNTN

Everest Consolidator Acquisition Corporation (NYSE:MNTN) has announced a business combination with Unifund, a consumer debt service company focused on data science and analytics. The combined company will be named Unifund Financial Technologies, Inc. and is expected to be listed on Nasdaq under the ticker symbol 'UFND'. The transaction is expected to close as early as Q3 2023. Unifund generated $52.2 million in revenue and $14.8 million in operating income in fiscal year 2022, and expects to generate approximately $58.5 million in revenue and approximately $19.4 million in operating income in fiscal year 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:20 pm

AMC

A court has rejected AMC Entertainment's proposed plan to convert preferred shares to common shares and implement a stock split. This has led to a rise in AMC's share price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:19 pm

VRCA

The FDA has approved Verrica Pharmaceuticals' Ycanth, a topical solution for molluscum contagiosum, a skin disease impacting 6 million people in the US. The drug is expected to be available by September 2023. Despite the approval, Verrica's shares fell by 20.60% in premarket trading.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 12:19 pm

AKU

AMC

APPH

CTGO

PKX

VRAY

ZVSA

Shares of AMC Entertainment Holdings surged 41% in pre-market trading after a Delaware judge denied the company from converting its AMC preferred equity units into common stock. Other notable pre-market movers include ZyVersa Therapeutics, POSCO Holdings, and Akumin Inc. on the gainers' side, and Contango Ore, AppHarvest, and ViewRay on the losers' side.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 12:16 pm