Streetbeat News

Stock Prices

Goldman Sachs CEO has stated that the impact of tightening will be more evident in the next two to four quarters.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:57 pm

MRNA

PFE

Moderna Inc's shares continue to trade lower following Pfizer Inc's warning about reduced Covid-19 product demand. Pfizer slashed its full-year 2023 sales outlook from $67 billion-$70 billion to $58 billion-$61 billion, causing shares of several Covid vaccine makers, including Moderna, to slide. Despite this, Moderna reaffirmed its $6 billion-$8 billion forecast for Covid vaccine sales for the year.

Portfolio Pulse from Adam Eckert

October 17, 2023 | 1:52 pm

ASMB

GILD

Gilead Sciences Inc and Assembly Biosciences Inc have entered into a 12-year partnership to advance the research and development of novel antiviral therapies. Assembly Bio will receive $100 million from Gilead, which has also agreed to purchase up to 29.9% of Assembly Bio's outstanding voting stock at a premium. Gilead may opt-in to obtain exclusive rights for each of Assembly Bio's current and future programs. This transaction is expected to reduce Gilead's GAAP and non-GAAP 2023 EPS by seven cents.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:51 pm

EVLO

Evelo Biosciences Inc (NASDAQ:EVLO) announced that it did not achieve the primary endpoint in its Phase 2 clinical study with EDP2939 in moderate psoriasis. The company will cease the development of EDP2939 and is considering strategic alternatives, including partnering EDP1815 and the SINTAX platform. Following the news, EVLO shares dropped 48.3%.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:49 pm

TPST

Trading of Tempest Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:49 pm

BSVUSD

BTCUSD

ETHUSD

LOOMUSD

Cryptocurrency prices moved higher on Tuesday, with Bitcoin (BTC) trading above $28,400 and Ethereum (ETH) below the $1,600 mark. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Loom Network (LOOM) was the biggest loser. The global crypto market cap rose to $1.09 trillion, recording a 24-hour gain of 1.4%.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 1:48 pm

TPST

Shares of Tempest Therapeutics were halted on a circuit breaker to the upside, with the stock now up 1.93%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:47 pm

AVGO

A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 61% of recent trades being bearish and 38% bullish. The trades have targeted a price range of $840.0 to $1000.0 for Broadcom over the last 3 months. The current price of AVGO is down -2.35% at $881.38. Truist Securities and Susquehanna have downgraded their actions to Buy and Positive respectively, with price targets of $995 and $1010.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 1:46 pm

NVDA

A significant number of investors have taken a bearish stance on NVIDIA (NASDAQ:NVDA), with 72% of the 107 unusual trades detected being bearish. The total amount for puts was $4,202,178 and for calls was $2,697,748. Whales have been targeting a price range from $300.0 to $500.0 for NVIDIA over the last 3 months. The current price of NVDA is down -4.53% at $440.07.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 1:46 pm

AAPL

GOOG

GOOGL

SSNLF

TMUS

According to Ookla's SpeedTest data, T-Mobile US Inc. (NASDAQ:TMUS) offers the fastest mobile internet experience in the US, outperforming rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ). The fastest smartphone for accessing mobile internet is Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro Max. Samsung Electronics Co Ltd.'s (OTCPK: SSNLF) Galaxy S23 Ultra and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Pixel 7 Pro also made the list.

Portfolio Pulse from Rounak Jain

October 17, 2023 | 1:44 pm