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HCAT

Health Catalyst shares are trading lower after a previous rise on Thursday following strong Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:24 pm

PCRX

Pacira BioSciences (NASDAQ:PCRX) announced that the U.S. District Court for the District of New Jersey has found its U.S. Patent No. 11,033,495 invalid. The company is considering legal options, including an appeal. CEO Frank D. Lee emphasized the strength of their intellectual property portfolio and ongoing infringement suits.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:23 pm

RNA

Avidity Biosciences shares are trading higher following the announcement of positive data for their AOC 1044 5 mg/kg treatment.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:23 pm

PCRX

Pacira BioSciences shares were halted on a circuit breaker due to a significant drop, with the stock now down by 12.6%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:21 pm

CARG

CarGurus shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 non-GAAP EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:19 pm

CGEM

MRK

Merck & Co Inc (NYSE:MRK) has agreed to acquire CN201, a bispecific antibody for B-cell-associated diseases, from Curon Biopharmaceutical for $1.3 billion. The deal is relevant to Cullinan Therapeutics Inc. (NASDAQ:CGEM) and its investigational drug CLN-978. Analysts see potential for CN201 in treating autoimmune diseases and highlight Cullinan's appealing valuation.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 7:18 pm

MSFT

PLTR

Palantir shares are trading higher due to strong earnings and a new partnership with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:17 pm

NFLX

ROKU

TTD

Analysts have provided positive ratings and price forecasts for The Trade Desk, Inc. (NASDAQ:TTD) following its second-quarter financial results, citing strong growth potential amid CTV expansion and a stable digital ad market. The stock is trading higher by 12.3% to $99.14.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 7:16 pm

DDS

Dillard's (NYSE:DDS) has seen a decline in its short interest by 11.81%, with 895 thousand shares sold short, representing 26.65% of its float. This is higher than the peer group average of 10.35%. It would take traders 7.84 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:15 pm

CAVA

SG

CAVA Group, Inc. (NYSE:CAVA) shares are moving significantly higher on Friday, trading on higher-than-average volume and trending on social media. Investors are anticipating the company's upcoming second-quarter earnings report on August 22, 2024. Sweetgreen Inc. (NYSE:SG) shares are also trading higher after reporting better-than-expected second-quarter revenue results.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 7:07 pm