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NAVB

Navidea Biopharmaceuticals, Inc. (NYSE:NAVB) is focusing on advancing its technology to market and intends to appeal the potential delisting of its stock from the NYSE. The company has made several strategic changes, including reducing administrative expenses, promoting key personnel, and entering into various agreements to secure funding. It has also sold assets and launched a Strategic Partnership Initiative. Despite the potential delisting, Navidea sees opportunities for diverse capital sources and strategic agility. The company's clinical trials NAV3-32 and NAV3-33 are progressing, with the former nearing completion.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:34 pm

SPY

Federal Reserve's Goolsbee has stated that there has been significant progress on goods inflation and expects housing inflation to start dropping.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:31 pm

ECOR

ElectroCore, Inc. (NASDAQ:ECOR) has announced a registered direct offering and concurrent private placements priced at market under Nasdaq rules. The company will issue and sell 1,675,914 registered shares of common stock and unregistered warrants to institutional and accredited investors. Additionally, 169,968 shares of common stock will be sold to the company's officers and directors. The total gross proceeds are expected to be approximately $8.145 million. The proceeds will be used for sales and marketing, working capital, and general corporate purposes. The offerings are expected to close on August 2, 2023.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:30 pm

ACB

ALEAF

CGC

FFLWF

The Ontario Cannabis Store (OCS) has announced a reduction in most wholesale markups on marijuana products sold to retailers starting in September. This move is expected to save the industry $60 million in 2024. Large marijuana operators such as Aleafia Health, Fire & Flower, Canopy Growth, Tantalus Labs, and Aurora Cannabis, who have faced operational challenges and downsizing, may benefit from this change.

Portfolio Pulse from Nina Zdinjak

July 31, 2023 | 1:20 pm

SEDG

SolarEdge Technologies (NASDAQ:SEDG) has announced a joint venture with Ajlan & Bros Holding (ABH) to facilitate the implementation of smart renewable energy solutions in Saudi Arabia. The JV will provide solutions from SolarEdge's range of technologies for energy generation, storage, and management, site modeling, and energy transition consulting to firms in the country. The financial terms were not disclosed.

Portfolio Pulse from Akanksha Bakshi

July 31, 2023 | 1:16 pm

HTLD

Heartland Express (NASDAQ:HTLD) reported Q2 earnings of $0.10 per share, missing the analyst consensus estimate of $0.16 by 37.5%. This is a 65.52% decrease from the same period last year. The company also reported quarterly sales of $306.17 million, missing the analyst consensus estimate of $322.65 million by 5.11%. This is a 63.01% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:15 pm

AVTR

William Blair analyst Matt Larew has downgraded Avantor (NYSE:AVTR) from Outperform to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 1:12 pm

TSCO

Barclays analyst Seth Sigman has downgraded Tractor Supply (NASDAQ:TSCO) from Overweight to Equal-Weight and lowered the price target from $254 to $224.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 1:10 pm

CHDN

Trading of Churchill Downs (CHDN) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:10 pm

CORN

SOYB

SPY

VGK

WEAT

Ukraine's Foreign Ministry reports that 180,000 of grain crops were destroyed in nine days due to Russian strikes. This could potentially impact the global grain market.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:09 pm