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RVPH

Reviva Pharmaceuticals (NASDAQ:RVPH) announced that over 80% of patients have been enrolled in the pivotal Phase 3 RECOVER study evaluating brilaroxazine for the treatment of schizophrenia. Enrollment is ongoing at multiple sites in the United States, Europe, and Asia.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:03 am

AMZN

FDX

MSFT

The S&P 500 settled lower on Wednesday following comments from Federal Reserve Chair Jerome Powell, signaling potential additional rate hikes. All three major stock indexes recorded losses for the third consecutive session. FedEx reported better-than-expected earnings, while sales missed estimates. The Nasdaq 100 fell 1.35% amid losses in shares of Microsoft and Amazon.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 9:59 am

AAPL

Apple Inc's stock closed 0.57% lower at $183.96 on Wednesday amid extended rate hike anxiety. Options market data shows significant open interest build-up at the $190 Call strike and $180 Put strike, indicating resistance and support levels for the stock this month.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 9:49 am

META

Meta Platforms, Inc. (NASDAQ:META) stock has surged 220% since November, but ex-hedge fund manager Whitney Tilson believes it's not time to sell yet. He cites the company's high-quality business and bright future as reasons to let the stock run. Factors contributing to Meta's rebound include positive sentiment around tech stocks, streamlining operations, challenges faced by rival TikTok, and involvement in the AI technology sector.

Portfolio Pulse from Shanthi Rexaline

June 22, 2023 | 9:43 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) surged 11% after the project's developer announced plans to introduce a new service called 'Shibacals: Authenticated Collectibles' that connects physical objects with non-fungible tokens (NFTs). Shibacals will utilize near-field communication (NFC) chips to digitally authenticate physical products, enabling easy authentication and verification of ownership.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 9:39 am

BA

SPR

Boeing and Spirit Aerosystems shares are down following Spirit's decision to halt work at its Wichita plant due to a union strike. This may affect production and delivery schedules.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:30 am

ROOT

Root shares are trading higher following a Wall Street Journal report of a takeover bid.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:30 am

ALVR

AlloVir has priced its 20 million share offering at $3.75 per share, causing its stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:22 am

TTOO

T2 Biosystems shares are trading higher after a filing revealed that GSA Capital Partners LLP increased its stake in the company to 10.7%.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:20 am

BCDA

Biocardia announced a securities purchase agreement with investors to sell and issue 1,133,141 shares at $2.336 per share.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:06 am