Streetbeat News

Stock Prices

AEL

American Equity Investment Life (AEL) has received a $55 per share acquisition proposal from Brookfield Reinsurance, causing AEL shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:52 am

K

Kellogg's stock is trading higher following an upgrade from Goldman Sachs, which changed its rating from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:39 am

SNOW

Snowflake announced a partnership with NVIDIA to help organizations create AI models using their own data, leading to an increase in Snowflake's share price.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:37 am

BRTX

BioRestorative Therapies Inc (NASDAQ:BRTX) has received unanimous approval from the independent Data Safety Monitoring Board (DSMB) to continue its ongoing Phase 2 trial for chronic lumbar disc disease treatment with no changes. The treated patients will receive BRTX-100, a product formulated from autologous hypoxic cultured mesenchymal stem cells and autologous platelet lysate.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 10:30 am

ACET

AMLI

APLD

CJET

CLCO

MLTX

SFWL

Several stocks recorded losses in today's pre-market trading session, including Adicet Bio, Applied Digital, Cool Company, Chijet Motor, Shengfeng Development, MoonLake Immunotherapeutics, and American Lithium. Factors include trial data, downgrades, revenue and loss forecasts, and public offerings.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 10:25 am

DDD

SSYS

3D Systems has submitted an enhanced proposal to combine with Stratasys, offering $20 per share, a 33% premium to Stratasys' closing price on May 24, 2023. The offer includes $7.50 in cash and 1.3223 newly issued shares of 3D Systems common stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:17 am

ALE

B of A Securities analyst Julien Dumoulin-Smith downgraded ALLETE (NYSE: ALE) from Neutral to Underperform and lowered the price target from $63 to $54.

Portfolio Pulse from richadhand@benzinga.com

June 27, 2023 | 10:16 am

RIDE

Lordstown Motors Corp has filed for Chapter 11 bankruptcy protection, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:01 am

AMGN

LLY

NVO

The race to develop weight-loss drugs more potent than Ozempic and Mounjaro is heating up, with several contenders on the horizon. Novo Nordisk's Ozempic and Eli Lilly's Mounjaro have seen a surge in demand, and researchers are now focusing on next-generation weight-loss drugs. The success of these drugs has attracted new players like Amgen and Boehringer Ingelheim.

Portfolio Pulse from Benzinga Newsbot

June 27, 2023 | 9:49 am

HST

Morgan Stanley analyst Thomas Allen downgraded Host Hotels & Resorts (NASDAQ:HST) from Equal-Weight to Underweight.

Portfolio Pulse from richadhand@benzinga.com

June 27, 2023 | 9:46 am