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SGRP

SPAR Group shares surged after announcing a definitive agreement to be acquired by Highwire Capital for $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:22 pm

KARS

NIO

PGJ

NIO Inc. shares are trading lower in the premarket session, having lost over 62% in the past year. The company is adjusting its charging model for its battery swap service in China and will release its Q2 financial results on September 5, 2024. NIO has expanded its battery swap stations significantly and reported strong vehicle deliveries in August 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 12:21 pm

IOBT

IO Biotech shares fell after the company reported no new safety signals in its Phase 3 trial of IO102-IO103. Morgan Stanley maintained an Overweight rating but reduced the price target from $7 to $4.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:19 pm

ARMK

BBY

GM

SN

VOXX

Five consumer discretionary stocks, including VOXX International, Aramark, Sharkninja, General Motors, and Best Buy, are currently overbought according to RSI indicators. These stocks have shown significant price increases recently, but their high RSI values suggest potential short-term price corrections.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 12:17 pm

CUE

Cue Biopharma will present at The Promise of Interleukin-2 Therapy Conference in Paris, showcasing their novel therapeutic biologics, including CUE-401 and the CUE-100 series, aimed at enhancing T cell engagement for cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:17 pm

AR

BBY

CHWY

NVDA

OKTA

Wall Street's most accurate analysts have made new stock picks for August. Notable mentions include Antero Resources, Okta, Best Buy, NVIDIA, and Chewy, with varying ratings and price targets. These insights can be used as trading indicators to potentially outperform the market.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 12:16 pm

SGRP

SPAR Group, Inc. (NASDAQ:SGRP) has entered into a definitive agreement to be acquired by Highwire Capital for $2.50 per share, a 72% premium over its last closing price. The acquisition will result in SPAR Group becoming a privately held company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:10 pm

APTO

Aptose Biosciences shares rose following the announcement of a $10 million loan agreement with Hanmi Pharmaceutical Co.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:10 pm

RGNX

REGENXBIO reported positive data from its Phase I/II/III trial of RGX-121 for treating Mucopolysaccharidosis Type II, showing long-term systemic effects. The results were presented at the SSIEM Annual Symposium 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:08 pm

MAXN

Maxeon is facing significant market challenges, including competitive pressures, project delays, and U.S. Customs detentions affecting shipments. As a result, they have withdrawn financial guidance for Q3 and FY24, expecting a significant revenue decline. The company is taking steps to stabilize and improve its financial position.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:06 pm