Streetbeat News

Stock Prices

NOTV

Inotiv (NOTV) sees a sweep of 666 Aug 18 $5 calls near the ask price of $1.25, with 0 open interest. Earnings are expected on 8/9 after market close, with the stock currently trading at $4.96.

Portfolio Pulse from Charles Gross

June 22, 2023 | 3:35 pm

OSTK

Overstock.com has reportedly won an auction for the intellectual property and digital assets of Bed Bath & Beyond, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:35 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed has slowed down its approach to interest rate hikes to avoid going too far, with the majority of the committee believing one or two more rate hikes will be appropriate.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:34 pm

ILMN

Illumina (NASDAQ:ILMN) has outperformed the market over the past 20 years, producing an average annual return of 27.43%. If an investor had bought $1000 of ILMN stock 20 years ago, it would be worth $140,711.74 today.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 3:30 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has outperformed the market over the past 5 years, producing an average annual return of 17.53%. A $1000 investment in IDXX 5 years ago would be worth $2,240.98 today.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 3:30 pm

PRAX

Sphera Funds Management Ltd. has disclosed a 7.31% passive stake in Praxis Precision Medicines, a clinical-stage biopharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:29 pm

BTCUSD

'Black Swan' author Nassim Nicholas Taleb criticized cryptocurrencies, calling them a 'tumor' and stating that Bitcoin's price is being propped up by a cult. He argued that Bitcoin is not an inflation hedge, not a method of payment, and not good for money laundering.

Portfolio Pulse from Adam Eckert

June 22, 2023 | 3:28 pm

TALS

Talaris Therapeutics and Tourmaline Bio have agreed to merge in an all-stock transaction, with the combined company operating as Tourmaline Bio Inc and trading under the ticker symbol 'TRML'. Talaris stockholders will receive approximately $3.43 per share, and the merger is expected to be completed in Q4 2023.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 3:27 pm

BLK

MSTR

The anticipation of Bitcoin ETFs has led to a significant shift in Bitcoin accumulation patterns, with both retail and institutional investors accumulating the cryptocurrency. Prominent asset management firms, including WisdomTree and BlackRock Inc, have filed applications for Bitcoin ETFs, which are expected to streamline investment and attract a broader range of institutional investors.

Portfolio Pulse from Murtuza Merchant

June 22, 2023 | 3:25 pm

F

The US Energy Department plans to loan $9.2 billion to Ford Motor Co (NYSE:F) and South Korean battery maker SK On's joint venture to build battery plants in Tennessee and Kentucky. The loan is part of the government's Advanced Technology Vehicles Manufacturing (ATVM) program.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 3:25 pm