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Stock Prices

BBIO

GNTY

GP

JZXN

NOVN

PMN

VRAY

US stocks traded higher with the Nasdaq Composite gaining around 100 points. Guaranty Bancshares (GNTY) reported better-than-expected Q2 results. ProMIS Neurosciences (PMN), BridgeBio Pharma (BBIO), and GreenPower Motor Company (GP) saw their shares rise due to positive developments. However, Novan (NOVN), ViewRay (VRAY), and Jiuzi Holdings (JZXN) experienced a drop in their share prices due to various reasons.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 4:16 pm

IVVD

Invivyd Inc (NASDAQ:IVVD) has released additional initial data from its ongoing Phase 1 clinical trial of its lead investigational monoclonal antibody (mAb) candidate, VYD222. The data shows that a single administration of VYD222 was generally well-tolerated at all three dose levels tested, with no serious adverse events reported. The company intends to use these analyses to further inform its VYD222 dosing strategy.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 4:15 pm

V

Visa (NYSE:V) has been in consolidation for two years, but now appears poised for a breakout as fundamentals have caught up to its stock price. The company has a strong balance sheet, impressive return metrics, and has seen consistent growth in revenues, free cash flow, and net income. Visa's valuation is considered reasonable under the '2G' rule, and it is expected to meet or surpass market expectations. The company is set to announce its quarterly results on July 25, 2023, which could serve as a catalyst for its shares to reach new all-time highs.

Portfolio Pulse from Dimitry Nakhla

July 17, 2023 | 4:14 pm

NSC

A non-Norfolk Southern train derailed near Plymouth, PA, causing expected delays of at least 12 hours on shipments moving to and from the Morrisville Intermodal Facility.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:12 pm

VIRI

Virios Therapeutics announced data showing improvement in multiple Long-Covid symptoms following treatment with a combination of Valacyclovir and Celecoxib in a proof of concept study. However, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:12 pm

DIS

Walt Disney Company (NYSE:DIS) shares are trading lower, down by more than 8% over the last month. The entertainment industry is facing disruption due to the SAG-AFTRA strike of actors and writers. Disney's CEO, Bob Iger, expressed concerns about the unrealistic expectations of the unions. Additionally, Disney is in a legal dispute with Governor DeSantis and the state of Florida over its self-governing control over its theme park. Disney's shares are trading on higher than average volume.

Portfolio Pulse from Erica Kollmann

July 17, 2023 | 4:08 pm

FSR

Fisker Inc (NYSE:FSR) plans to produce 100 Fisker Extreme Vigyan Edition all-electric SUVs for the Indian market, with deliveries expected to begin in Q4 2023. The pricing is expected to match Europe, where the Fisker Ocean Extreme is priced at €69,950 in Germany. Fisker's shares are trading higher by 3.8% at $6.41.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 4:07 pm

NVDA

Nvidia's shares reached a record high of $480.88, marking a year-to-date increase of over 200%. The company's GPUs have been used in training OpenAI's ChatGPT. The stock may experience a slight setback before reaching the $500 milestone, but this is seen as a strategic pause for future growth.

Portfolio Pulse from Zaheer Anwari

July 17, 2023 | 4:06 pm

DIS

PARA

PARAA

Media stocks are trading lower due to the SAG-AFTRA union strike. The companies mentioned are Disney (DIS), Paramount Global (PARA), and Paramount Global Class A (PARAA).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:06 pm

AFRM

Affirm Holdings has seen a significant option alert for August 18 $17.5 calls. A total of 578 contracts were traded near the ask price at $1.664, compared to an open interest of 5083. The company is expected to announce its earnings on August 24 after market close.

Portfolio Pulse from Charles Gross

July 17, 2023 | 4:04 pm