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PKX

POSCO Holdings reported its quarterly financial results, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:15 pm

JGGC

GLAAM Co., Ltd., a designer and developer of architectural display glass, has approved a business combination with Jaguar Global Growth I (JGGC). The merger aims to target the North American super large architectural media market. GLAAM is expected to become a US publicly traded company in Q3 2023, making it one of the first Korean-based media display companies listed on Nasdaq. Post-merger, the new company is expected to be renamed 'Captivision Inc.' and listed on Nasdaq under the ticker symbols 'CAPT' and 'CAPTW'.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:12 pm

ZVSA

ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) has announced the pricing of a public offering of 12,727,273 shares of common stock and warrants at $0.165 per unit, aiming to raise approximately $2.1 million. The proceeds will be used for working capital, general corporate purposes, and potentially to redeem the remaining outstanding shares of its Series A preferred stock. The closing of the offering is expected on July 26, 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:12 pm

SHOP

Shopify's stock rating has been upgraded from Market Perform to Outperform by analysts at MoffettNathanson, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:11 pm

AAPL

AMZN

GOOG

GOOGL

SPOT

Spotify Technology S.A. plans to increase the prices for its premium plans by $1 each in the U.S. This move comes as the company faces pressure to focus on profitability over user growth. The cost of Spotify's ad-free premium plans will now range from $5.99 to $16.99. This follows a similar move by Alphabet Inc's YouTube, which recently increased the price of its Premium subscription in the U.S. Spotify shares traded higher by 0.05% at $171.80 premarket on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 12:11 pm

BDX

Becton, Dickinson And Co has received FDA 510(k) clearance for its Alaris Infusion System, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:10 pm

BAC

BK

GILD

UNH

Insiders at Bank of America, Gilead Sciences, Bank of New York Mellon, and UnitedHealth Group have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 12:08 pm

PXMD

PaxMedica has announced positive topline results from its Phase 3 study of PAX-101, an intravenous Suramin treatment for African Sleeping Sickness. The study reached its primary endpoint, demonstrating statistically significant and clinically meaningful results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:07 pm

T

TMUS

VZ

AT&T and Verizon are facing investor skepticism due to issues of toxic lead in their telephone lines and heavy debt loads. Both companies have plans to reduce their debt in the coming years. AT&T's debt increased due to the DirecTV and Time Warner acquisitions, while Verizon's debt load increased after spending a record sum on wireless spectrum licenses. T-Mobile US has avoided the recent selloff as it does not own old landline infrastructure and does not pay dividends. AT&T and Verizon were among the worst-performing stocks in the S&P 500 index in the first half of 2023.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 12:06 pm

DX

Dynex Cap (NYSE:DX) reported Q2 losses of $0.27 per share, missing the analyst consensus estimate of $0.03 by 1000 percent. This is a 167.5 percent decrease over earnings of $0.40 per share from the same period last year. The company also reported quarterly sales of $2.93 million, missing the analyst consensus estimate of $6.39 million by 145.85 percent, a 120.82 percent decrease over sales of $14.07 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:05 pm