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Stock Prices

CTLT

Catalent Inc (NYSE: CTLT) reported Q3 FY23 revenue of $1.04 billion, down 19% YoY, but beating consensus estimates. The company posted a larger-than-expected adjusted net loss of $17 million due to production challenges and higher costs at its manufacturing facilities.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 12:55 pm

AAC

Ares Acquisition Corporation (NYSE:AAC) and X-Energy Reactor Company have announced a strategic update to their business combination agreement, revising X-energy's pre-money equity value to $1.8 billion from $2.1 billion. The transaction is expected to close in summer 2023, with X-energy going public via its partnership with Ares Acquisition.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 12:53 pm

GWW

KO

UBER

WEN

CNBC's 'Halftime Report Final Trades' featured Coca-Cola, Uber, Wendy's, and W.W. Grainger. Coca-Cola maintained a Buy rating with a lowered price target, while Uber announced plans for peer-to-peer car sharing in North America. Wendy's reported strong sales growth, and W.W. Grainger delivered better-than-expected earnings.

Portfolio Pulse from Priya Nigam

June 12, 2023 | 12:45 pm

NTLA

Intellia Therapeutics' stock is rising after the company announced positive interim results from the Phase 1 study of NTLA-2002, a CRISPR-based treatment for hereditary angioedema (HAE). The treatment demonstrated a 95% mean reduction in monthly attack rate and a favorable safety profile. Ark Invest's Cathie Wood purchased Intellia shares last week for the ARKK and ARKG funds.

Portfolio Pulse from Adam Eckert

June 12, 2023 | 12:41 pm

SPIKE

UVXY

Stock market volatility may increase ahead of the Federal Reserve's interest rate decision on June 14. The Volatility S&P 500 Index (VIX) is tracked by the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY) and other tickers. Traders can use MIAX's SPIKES Volatility products to play potential volatility.

Portfolio Pulse from Melanie Schaffer

June 12, 2023 | 12:38 pm

AAPL

BTCUSD

QCOM

TSLA

Over the weekend, headlines included Trump's defiance of indictment, Peter Schiff's claim that the US banking system is insolvent, increasing Tesla Autopilot accidents, Larry Summers' warning of a red-hot US economy with inflation, and a potential steepening of the Bitcoin sell-off.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 12:36 pm

TSLA

Tesla's stock (TSLA) rose over 4% on Friday, but formed a reversal candlestick, indicating lower prices may be on the horizon. The stock has been in an uptrend since April 27, but its relative strength index suggests a retracement is imminent.

Portfolio Pulse from Melanie Schaffer

June 12, 2023 | 12:35 pm

HOOD

Robinhood Markets reported a 27% increase in equity notional trading volumes in May compared to April, while options contracts traded rose by 29%. However, crypto notional trading volumes declined by 43%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:34 pm

PFBC

Preferred Bank (PFBC) has received the necessary approvals to initiate its share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:32 pm

KFS

Kingsway Financial Services (KFS) is set to join the Russell 3000 and Russell 2000 Indexes, which could lead to increased visibility and trading volume for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:32 pm