Streetbeat News

Stock Prices

ASTS

AST SpaceMobile announced that it has no plans to raise capital through an underwritten public equity offering until at least the end of 2024, and believes it has sufficient capital to execute its near-term operational initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:14 pm

GILD

Gilead Sciences, Inc. will present new data on its lung cancer treatment, Trodelvy, at the IASLC 2024 World Conference on Lung Cancer. The data will cover multiple types of lung cancer and lines of therapy, including results from the EVOKE-02 and EVOKE-01 studies in non-small cell lung cancer and the TROPiCS-03 study in small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:12 pm

CXM

Sprinklr (NYSE:CXM) reported mixed Q2 results, missing EPS estimates but beating revenue expectations. The company lowered its FY25 EPS guidance, leading analysts to cut price targets. Sprinklr's stock fell 1.9% following the announcement.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 12:09 pm

OPTT

Ocean Power Technologies (NYSE:OPTT) successfully completed long-term testing of its Next Generation PowerBuoy, achieving 100% data uptime and maintaining battery charge over 90%. The testing included Intelligence, Surveillance, and Reconnaissance demonstrations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:08 pm

IVDA

Iveda Solutions has announced a $2.15 million registered direct offering of 5 million shares at $0.43 per share. Additionally, there is a concurrent private placement including Series A and B warrants for an additional 5 million shares each. The closing is expected on September 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:07 pm

OCUP

Ocuphire Pharma has initiated the VEGA-3 Phase 3 trial for its Phentolamine Ophthalmic Solution 0.75% aimed at treating presbyopia. The company expects to release topline data in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:07 pm

PAGS

PagSeguro Digital shares rose despite a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a price target cut from $14 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:06 pm

JL

J-Long Group Limited (NASDAQ:JL) has received a notification from Nasdaq regarding non-compliance with the minimum market value of publicly held shares requirement. The company has failed to meet the $5 million MVPHS threshold for 30 consecutive business days, risking its continued listing on the Nasdaq Global Market.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:06 pm

VLVCY

Volvo Cars doubled its global EV sales in September 2023 compared to August, driven by strong performance in Europe and China. However, U.S. sales declined significantly. Volvo has adjusted its strategy, no longer aiming to be fully electric by 2030, but instead focusing on a mix of electric, plug-in hybrid, and mild hybrid vehicles.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 12:05 pm

SPAI

Safe Pro Group Inc. (NASDAQ:SPAI) announced the completion of a Phase III drone survey operation in Ukraine, aiding the UNDP in mine detection using AI-driven drones. This project, supported by multiple international partners, showcases innovative UAV/UGV methodologies for efficient land release in agricultural areas.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 12:03 pm