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Stock Prices

AUUD

Auddia's shares resumed trading after a circuit breaker halt and are now up 190%. The stock experienced a significant increase in value.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:11 pm

KDNY

NDAQ

VRM

XPEV

U.S. stocks traded higher with Dow Jones gaining over 40 points. Novartis agreed to acquire Chinook Therapeutics for $40 per share in cash. Crude oil dropped 4.4% to $67.07. Consumer discretionary shares jumped by 0.8%, while energy shares fell by 1%.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 4:05 pm

FRZA

ONEW

Forza X1 Inc (NASDAQ:FRZA) has priced a public offering of 5.33 million shares at $1.50 per share, a 51.9% discount to its closing price on June 9, 2023. The company expects to raise $8 million and plans to use the proceeds for its manufacturing facility and other corporate purposes. Forza also received an initial purchase order from OneWater Marine Inc (NASDAQ:ONEW) for 100 units of its electric monohull boat, potentially generating $12 million in revenue.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 4:05 pm

ORCL

Wolfe Research analyst Ryan Krieger upgraded Oracle Corp (NYSE:ORCL) to Outperform from Peer Perform with a price target of $130, citing strong growth in Oracle Cloud Infrastructure (OCI) adoption and AI acceleration. Krieger expects OCI revenues to grow significantly and Oracle's market share to double by 2025. Evercore ISI Group also increased Oracle's price target to $110 from $95.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 4:02 pm

ASST

Asset Entities, Inc. (NASDAQ:ASST) shares are trading higher after announcing the development of an AI bot, Eddie, as part of its AE360DDM suite of services on Discord. The company also launched a new website for its avatar merchandise product line.

Portfolio Pulse from Erica Kollmann

June 12, 2023 | 4:02 pm

GLPG

Galapagos (NASDAQ:GLPG) has received 1 somewhat bullish and 4 indifferent analyst ratings in the last quarter, with an average price target of $47.8, implying an upside from the current price of $42.44. The average price target has increased by 3.17% over the past month.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 4:02 pm

ILMN

In the last quarter, Illumina (NASDAQ:ILMN) received 2 bullish, 2 somewhat bullish, and 1 indifferent rating from analysts. The average 12-month price target for the stock is $285.6, with a high of $334 and a low of $229. The average price target has increased by 3.95% over the past month.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 4:02 pm

RETA

Over the past 3 months, 4 analysts have published their opinion on Reata Pharmaceuticals (NASDAQ:RETA) stock, with 1 bullish and 3 somewhat bullish ratings. The company has an average 12-month price target of $116.5, which has increased by 17.68% over the past month.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 4:01 pm

CFLT

Over the past 3 months, 14 analysts have published their opinions on Confluent (NASDAQ:CFLT) stock, with an average 12-month price target of $30.71, up 2.06% from the previous average of $30.09. The ratings include 3 bullish, 8 somewhat bullish, and 3 indifferent.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 4:01 pm

NOW

ServiceNow (NYSE:NOW) has outperformed the market over the past 10 years, producing an average annual return of 30.48%. A $1000 investment in NOW 10 years ago would be worth $14,161.54 today.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 4:00 pm