Streetbeat News

Stock Prices

BA

EADSY

Airbus is reportedly in talks with India's largest carrier, IndiGo, for a potentially record-breaking order of 500 A320-family jets. Airbus and Boeing are also competing to sell 25 A330neo or Boeing 787 wide-body jets to IndiGo. Latvian airline airBaltic is negotiating with Airbus for 30 more A220 passenger jets.

Portfolio Pulse from Akanksha Bakshi

June 05, 2023 | 11:25 am

PIII

SBIG

VWE

Insiders at P3 Health Partners (PIII), SpringBig Holdings (SBIG), and Vintage Wine Estates (VWE) have been aggressively buying shares, indicating confidence in the companies' prospects. P3 Health Partners and Vintage Wine Estates posted better-than-expected quarterly results, while SpringBig Holdings priced a $4 million offering.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 11:22 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a 142% increase in made-in-China vehicle sales in May, selling 77,695 vehicles. This marks a 2.4% increase from April and a 141.6% jump from May 2022.

Portfolio Pulse from Anan Ashraf

June 05, 2023 | 11:18 am

HSC

Harsco Corporation has changed its legal name to Enviri Corporation, effective immediately. The company will begin trading under the new symbol 'NVRI' on June 19, 2023. Harsco Environmental, Clean Earth, and Harsco Rail will continue to operate as divisions of Enviri.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:15 am

BLPH

Bellerophon Therapeutics' shares are set to resume trading at 7:30 AM ET.

Portfolio Pulse from Charles Gross

June 05, 2023 | 11:13 am

AVTA

Engine Capital has sent a letter to the board of Avantax, urging them to explore strategic alternatives, including a potential sale of the company. The sale could fetch between $27 and $32 per share, representing a 34% premium for stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:10 am

AI

AMD

BIDU

MSFT

NVDA

PLTR

AI-linked stocks, including Nvidia, Palantir, and c3.ai, are pulling back in premarket trading on Monday due to fears of a potential bubble and profit-taking following recent gains. Wharton professor Jeremey Siegel believes AI stocks are not in a bubble as they have real earnings behind them.

Portfolio Pulse from Shanthi Rexaline

June 05, 2023 | 11:08 am

ONCY

Oncolytics Biotech reported updated Phase 2 data from its BRACELET-1 metastatic breast cancer trial, showing a 71% reduction in disease progression risk and a 37.5% overall response rate with the pelareorep-paclitaxel combination compared to 13.3% with paclitaxel monotherapy.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:07 am

SAIC

Science Applications International Corp (SAIC) has raised its FY24 revenue guidance to $7.125B-$7.225B from the previous $7.05B-$7.20B, and adjusted EPS to $7.00-$7.20 from the prior $6.80-$7.00, both beating estimates.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:04 am

AVDL

Avadel Pharmaceuticals has launched Lumryz, an extended-release formulation of sodium oxybate, in the US market. Lumryz is designed to treat cataplexy or excessive daytime sleepiness in adults with narcolepsy.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:03 am