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DIA

IWM

QQQ

SPY

Major indices are trading lower due to concerns over a lack of progress in raising the US debt ceiling.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:35 pm

ZURA

Zura Bio shares were halted on a circuit breaker to the upside, with the stock now up 47.3%.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 1:34 pm

FGBI

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) has completed a $10 million private placement offering of 714,286 shares of common stock at $14 per share. The proceeds will be used for general corporate purposes, including supporting growth and enhancing regulatory capital ratios.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 1:31 pm

PANW

Palo Alto Networks (PANW) shares are trading higher after reporting better-than-expected Q3 results and strong earnings guidance. Revenues were up 24% YoY, and several analysts raised price targets following the announcement.

Portfolio Pulse from Adam Eckert

May 24, 2023 | 1:19 pm

NUE

Nucor Corporation announced a reorganization of its Plate Mill Group, which will result in ceasing production at Nucor Steel Longview, LLC. The move aims to optimize the company's plate mill operations.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:16 pm

LNVGY

Lenovo Group Ltd. reported a 24% YoY decline in Q4 revenue to $12.6 billion, amid a sluggish PC market. Non-PC revenue mix reached a historic high of 43%, up 12 points YoY. The company expects the PC and smart devices market to resume growth in the second half of 2023.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 1:15 pm

AKRO

ET

HRB

LAZY

Insiders at Lazydays Holdings, Akero Therapeutics, Energy Transfer, and H&R Block have made notable stock purchases, signaling confidence in their respective companies. Lazydays reported a Q1 loss, Akero priced its shares for gross proceeds of $220 million, Energy Transfer reported worse-than-expected Q1 results, and H&R Block cut its 2023 outlook.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 1:15 pm

VCYT

Veracyte (NASDAQ: VCYT) presented new data at ATS 2023, suggesting its genomic tests may positively impact diagnosis and care for patients with interstitial lung disease (ILD) or lung cancer. The Envisia Genomic Classifier helps improve diagnosis and changes treatment decisions for patients with ILD, while the Percepta Nasal Swab may better stratify the risk of lung cancer for patients with lung nodules.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 1:12 pm

HTCR

NVTS

PLAB

QBTS

WKEY

12 IT stocks experienced significant price movements during Wednesday's pre-market session, with Photronics, Maris Tech, VerifyMe, AuthID, Soluna Holdings, and Intellicheck among the gainers, while WISeKey Intl Hldg, Navitas Semiconductor, HeartCore Enterprises, T Stamp, D-Wave Quantum, and Bit Origin were the losers.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 1:09 pm

VTVT

vTv Therapeutics announced the issuance of a US patent for Azeliragon as a treatment for glioblastoma to Cantex Pharmaceuticals. The patent may impact VTVT's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:06 pm