Streetbeat News

Stock Prices

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

NVO

VGK

Novo Nordisk shares are trading lower premarket after Denmark's B.T. reported that the European Medicines Agency (EMA) raised safety concerns over the company's Ozempic and Wegovy drugs, citing potential cancer risks.

Portfolio Pulse from Charles Gross

June 22, 2023 | 8:57 am

AA

Morgan Stanley analyst Carlos De Alba downgraded Alcoa (NYSE:AA) from Equal-Weight to Underweight and lowered the price target from $43 to $33.

Portfolio Pulse from richadhand@benzinga.com

June 22, 2023 | 8:25 am

ACN

CMC

DRI

KBH

SCS

U.S. stock futures are trading lower on Thursday, with investor focus on Commercial Metals Company (CMC), Steelcase Inc. (SCS), Accenture plc (ACN), KB Home (KBH), and Darden Restaurants, Inc. (DRI). CMC, ACN, and DRI are expected to report earnings, while SCS and KBH have announced better-than-expected earnings.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 8:04 am

MDGL

Madrigal Pharmaceuticals (NASDAQ:MDGL) presents resmetirom Phase 3 MAESTRO-NASH data at the European Association for the Study of the Liver Congress (EASL 2023).

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 7:31 am

QQQ

SPY

Wells Fargo's head of equity strategy, Chris Harvey, believes the tech rally will continue until the Federal Reserve becomes more aggressive and breaks the economy. He compares the current market to the tech boom of 1999-2000, which ended due to tighter monetary policy. Harvey also notes that the US economy has been less rate-sensitive than expected.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 6:59 am

AMZN

FDX

The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone as US stocks closed lower for the third straight session. Amazon shares fell 0.8% after the FTC filed a lawsuit against the company, and FedEx shares dropped 2.5% after reporting Q4 revenue miss and a disappointing FY24 outlook.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 6:53 am