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DM

SSYS

Stratasys Ltd. (NASDAQ:SSYS) has announced that it is exploring strategic alternatives following the termination of its merger agreement with Desktop Metal, Inc. (NYSE:DM). The decision was made after Stratasys shareholders did not approve the terms of the merger agreement.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:03 pm

BCLI

Brainstorm Cell Therapeutics announced that the FDA Advisory Committee voted that its product, NurOwn, did not demonstrate substantial evidence of effectiveness for treatment of mild to moderate ALS. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:02 pm

IEP

XRX

Xerox Holdings Corporation (NASDAQ:XRX) has announced a $542 million repurchase of all its common stock owned by Carl C. Icahn and his affiliates at a price of $15.84 per share. The transaction, funded by a new debt facility, is expected to close by September 29, 2023. Following the transaction, Icahn Parties will no longer hold any Xerox common shares. Concurrently, Jesse Lynn, Steven Miller, and James Nelson will resign from Xerox's board of directors. Scott Letier has been appointed as the new chairman.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:01 pm

TTD

Analysts have provided bullish and somewhat bullish ratings for Trade Desk (NASDAQ:TTD) in the last quarter. The average price target for TTD is $87.04, which is higher than its current price of $75.43. This average has increased by 12.6% from the previous average price target of $77.30.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:00 pm

MORF

Morphic Holding (NASDAQ:MORF) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target is $55.25, indicating potential upside from the current price of $22.82. However, this average has decreased by 29.77% from the previous average price target of $78.67.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:00 pm

ARRY

Analysts have provided various ratings for Array Technologies (NASDAQ:ARRY) within the last quarter, with a total of 3 bullish, 3 somewhat bullish, and 2 somewhat bearish ratings. The company has an average 12-month price target of $29.0, an increase of 10.48% from the previous average price target of $26.25.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:00 pm

SHO

In the last quarter, Sunstone Hotel Invts (NYSE:SHO) received two indifferent and two somewhat bearish analyst ratings. The average 12-month price target for the stock, according to four analysts, is $9.25, representing a 3.85% decrease from the previous average price target of $9.62.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:00 pm

ASNS

GRTS

PTON

RNAZ

Several stocks are experiencing significant pre-market trading movements. Gritstone bio, Inc. (GRTS) shares rose 37% after the company was awarded a BARDA contract for a COVID-19 vaccine study valued at up to $433 million. TransCode Therapeutics, Inc. (RNAZ) shares gained 23% after pricing its $8 million public offering. Actelis Networks, Inc. (ASNS) shares surged 22.4% after achieving Third Party Validation for FIPS cyber protection standard. Peloton Interactive, Inc. (PTON) shares climbed 12.3% after announcing a five-year deal with Lululemon Athletica Inc (LULU).

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:54 pm

GRTS

Gritstone Bio Inc (NASDAQ:GRTS) has received a contract worth up to $433 million from the Biomedical Advanced Research and Development Authority (BARDA) to conduct a Phase 2b study of its self-amplifying mRNA (samRNA) vaccine candidate for COVID-19. The study, part of the U.S. Department of Health and Human Services' 'Project NextGen', will involve 10,000 participants and is expected to begin in Q1 2024. Following the news, GRTS shares rose 33.60% in premarket trading.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 12:54 pm

LULU

PTON

Peloton Interactive Inc (PTON) and Lululemon Athletica Inc (LULU) have announced a five-year strategic global partnership. Under the deal, Peloton will become Lululemon's exclusive digital fitness content provider, while Lululemon will become the primary athletic apparel partner for Peloton. Co-branded apparel will be available from October 11, and Lululemon studio all-access members will gain access to Peloton classes for no additional cost from November 11. Lululemon plans to discontinue its Studio Mirror product and its digital app-only membership tier.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 12:52 pm