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NKLA

Nikola Corporation announced that Fortescue Future Industries (FFI) will acquire Nikola's Phoenix Hydrogen Hub project. The acquisition is part of the Memorandum of Understanding signed in January 2023 between the two companies. Nikola and FFI are also collaborating on a hydrogen supply agreement to support Nikola's hydrogen fuel cell electric vehicle demand.

Portfolio Pulse from Erica Kollmann

July 20, 2023 | 4:20 pm

SGHT

Sight Sciences Inc (NASDAQ:SGHT) has released six-month trial data showing that its TearCare Technology, used in interventional eyelid procedures for dry eye disease, has surpassed Restasis in effectiveness. The trial met its primary endpoint, with statistically significant improvements compared to Restasis eye drops. The next phase of the study will see subjects in the Restasis cohort switch to TearCare, with final results expected by 2025. SGHT shares are up 0.91% at $7.78.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 4:19 pm

FNKO

Funko's stock is trading lower after Stifel maintained a Hold rating on the stock and lowered its price target from $11 to $9.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:17 pm

T

Benzinga's options scanner detected over 10 options trades for AT&T (NYSE:T) summing a total amount of $345,121. Whales have been targeting a price range from $8.0 to $16.0 for AT&T over the last 3 months. The mean open interest for AT&T options trades today is 17942.6 with a total volume of 12,533.00. The price of T is down -0.35% at $14.54. Barclays, Deutsche Bank, and Wells Fargo maintain their ratings on AT&T, while Citigroup and JP Morgan downgraded their actions to Neutral.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 4:17 pm

AWH

JNJ

KTTA

NCPL

SGMA

TTOO

VIR

The Dow Jones Industrial Average rose by 0.87% while the NASDAQ and S&P 500 fell by 1.11% and 0.19% respectively. Johnson & Johnson (JNJ) reported better-than-expected Q2 earnings and sales, and raised its FY23 guidance. T2 Biosystems (TTOO), Pasithea Therapeutics (KTTA), and SigmaTron International (SGMA) saw their shares rise, while Vir Biotechnology (VIR), Netcapital (NCPL), and Aspira Women's Health (AWH) saw their shares fall.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 4:12 pm

GFAI

Guardforce AI has announced a partnership with Concorde Security to launch a new robotic security solution in Singapore. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:12 pm

BMI

Badger Meter reported better-than-expected Q2 financial results and issued guidance for the second half of the year, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:11 pm

MKTX

MarketAxess Holdings reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:10 pm

SIFY

Sify Technologies reported worse-than-expected Q1 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:09 pm

ELYM

Eliem Therapeutics Inc (NASDAQ:ELYM) shares are trading higher after the company completed a review of its business. The company has decided to halt further development of its Kv7 program and to conduct a comprehensive exploration of strategic alternatives. Eliem has engaged Leerink Partners to act as a strategic advisor. As of June 30, 2023, the company had approximately $102.6 million in cash, cash equivalents, and investments in marketable securities.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 4:08 pm