Streetbeat News

Stock Prices

IONQ

Benchmark has maintained a Buy rating on IonQ's stock and increased its price target from $8 to $17, leading to a rise in IonQ's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

RUN

Morgan Stanley has maintained an Overweight rating on Sunrun's stock and increased its price target from $30 to $39. This has led to Sunrun's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

FYBR

Frontier Communications Parent's stock has been downgraded from Buy to Neutral by Citigroup, which also lowered its price target from $30 to $17. This has led to a decrease in the trading value of the shares.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:21 pm

VIRI

Virios Therapeutics Inc announced that its combination therapy of valacyclovir and celecoxib showed significant improvements in patients with Long-COVID. The company plans to meet with the FDA in 2023 to discuss an investigational new drug application. Despite the positive news, VIRI shares are down 21.10%.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 4:20 pm

BA

Investor Business Daily SwingTrader has announced that it will exit its entire position in The Boeing Company (BA) at $211.88.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:18 pm

MIRM

TVTX

Travere Therapeutics Inc has agreed to sell its bile acid product portfolio to Mirum Pharmaceuticals Inc for up to $445 million. The deal includes $210 million upfront and $235 million in potential sales-based milestone payments. The transaction is expected to close in Q3 of 2023. The deal expands Mirum's footprint in rare liver disease and advances Travere's strategy to deliver new treatment standards for rare diseases.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 4:18 pm

QBTS

Benchmark has maintained a Buy rating on D-Wave Quantum's stock and increased its price target from $2 to $3. This has resulted in D-Wave Quantum's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:18 pm

ZIMV

ZimVie shares are trading higher due to a circulating rumor that the company is considering strategic alternatives and is seeing takeover interest. The company is reportedly working with an unknown investment bank.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:18 pm

CALM

GLMD

NOVN

VZ

On Monday, 50 companies reached new 52-week lows. The biggest company by market cap to set a new 52-week low was Verizon Communications (NYSE:VZ), while the smallest was Galmed Pharmaceuticals (NASDAQ:GLMD). Novan (NASDAQ:NOVN) was the biggest loser of the morning session, dropping 72.16% to reach its new 52-week low. Cal-Maine Foods (NASDAQ:CALM) shares were the most resilient, rising 0.06% from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 4:17 pm

BBIO

GNTY

GP

JZXN

NOVN

PMN

VRAY

US stocks traded higher with the Nasdaq Composite gaining around 100 points. Guaranty Bancshares (GNTY) reported better-than-expected Q2 results. ProMIS Neurosciences (PMN), BridgeBio Pharma (BBIO), and GreenPower Motor Company (GP) saw their shares rise due to positive developments. However, Novan (NOVN), ViewRay (VRAY), and Jiuzi Holdings (JZXN) experienced a drop in their share prices due to various reasons.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 4:16 pm