Streetbeat News

Stock Prices

ARLO

DAWN

IMGN

LILM

OSUR

RLX

TRMR

Several stocks recorded gains in today's pre-market trading session, including Day One Biopharmaceuticals, ImmunoGen, Arlo Technologies, OraSure Technologies, Lilium, Tremor International, and RLX Technology. These gains follow positive announcements such as clinical trial results, better-than-expected financial results, and insider trading.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 10:50 am

TSLA

Elon Musk's brain implant startup Neuralink is valued at approximately $5 billion based on privately executed stock trades, according to sources.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:48 am

ACOR

Acorda Therapeutics has implemented a 1:20 reverse stock split, causing its shares to trade premarket.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:44 am

BYDDF

EIS

BYD has become the best-selling electric vehicle (EV) brand in Israel during the first five months of 2023, outperforming other major automakers.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:36 am

MNK

Mallinckrodt shares fell 20% premarket after the Wall Street Journal reported that the company is exploring repeat bankruptcy as a $200 million opioid payment comes due.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:21 am

BMY

Bristol Myers Squibb released four-year follow-up data from the Phase 3 CheckMate -9LA trial, showing that patients with metastatic non-small cell lung cancer who received the combination of Opdivo and Yervoy with two cycles of chemotherapy had sustained, durable survival benefits compared to chemotherapy alone. The results will be presented at the 2023 ASCO annual meeting.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 10:10 am

GTHX

G1 Therapeutics announced that Trilaciclib increased the pool of memory T cells in the tumor microenvironment, which is responsible for long-term immune surveillance and efficacy. GTHX shares are up 9% premarket.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:04 am

GM

GOOG

GOOGL

TSLA

Elon Musk criticized competitors' self-driving technology, including Alphabet's Waymo and GM-backed Cruise, calling it 'brittle and unscalable'. Reports of Waymo and Cruise cars causing traffic disruptions and accidents have surfaced, while Tesla faces complaints regarding self-acceleration and braking issues.

Portfolio Pulse from Anan Ashraf

June 05, 2023 | 9:47 am

AMZN

AVGO

TSLA

The S&P 500 rose sharply on Friday following May's jobs report, which showed the U.S. economy added 339,000 jobs, significantly higher than market estimates. Investors also cheered a deal to temporarily suspend the U.S. borrowing limit until 2025. Broadcom Inc. shares gained 2.8% after reporting better-than-expected Q2 results and Q3 revenue guidance above estimates.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 9:47 am

CS

UBS

UBS Group AG expects to complete the acquisition of Credit Suisse Group AG by June 12, 2023. The deal is subject to SEC approval and other conditions. Credit Suisse shareholders will receive one UBS share for every 22.48 shares they own, and Credit Suisse shares will be delisted from the SIX Swiss Exchange and the NYSE.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 9:41 am