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Stock Prices

TSLA

Tesla's Q2 deliveries report has sparked a rally in its stock price, but technical analysis suggests potential resistance around the $263.50 level, which has been a peak in the past. If the stock fails to break this resistance, it may head lower due to investor psychology.

Portfolio Pulse from Mark Putrino

July 02, 2024 | 7:54 pm

SYT

SYLA Technologies (NASDAQ:SYT) shares are trading higher due to the recent merger of its subsidiaries, SYLA Solar and SYLA Biotech Corporation. The merger aims to advance SYLA's renewable energy business, with support from Japan’s Ministry of Economy, Trade and Industry.

Portfolio Pulse from Vaishali Prayag

July 02, 2024 | 7:54 pm

BUR

Burford Capital is expected to realize a gain from its investment in the arbitration process involving Sundance Resources and the Republic of Congo. A conditional settlement has been announced, potentially ending the dispute by the end of Q3. The original claim was over $8.5 billion.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:45 pm

GOVX

Geovax Labs (NYSE:GOVX) has seen a significant rise in its short interest, with a 143.33% increase since the last report. The company now has 109 thousand shares sold short, representing 4.38% of its float. This is higher than the peer group average of 2.80%.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:45 pm

PSTG

Pure Storage Inc. (NYSE:PSTG) shares are trading lower on Tuesday after UBS analyst David Vogt downgraded the stock from Neutral to Sell, despite raising the price target from $44 to $47. The average price target from 27 analysts is $69.93, with estimates ranging from $47 to $80. Pure Storage shares were down 4.1% at $62.82 at the time of publication.

Portfolio Pulse from Vaishali Prayag

July 02, 2024 | 7:37 pm

IREN

Iris Energy Ltd (NASDAQ:IREN) shares are rising after the company announced its 2024 expansion is fully funded, with a strong cash position of $425.3 million and zero debt. The company is also exploring monetization opportunities for its power and land portfolio.

Portfolio Pulse from Adam Eckert

July 02, 2024 | 7:37 pm

TEM

Tempus AI Inc (NASDAQ:TEM) shares rose by 7.45% to $35.82 after the company announced it was granted Advanced Diagnostic Laboratory Test (ADLT) status for its next-generation sequencing assay by the Centers for Medicare & Medicaid Services (CMS). This designation supports Tempus's mission to enhance patient care through precision medicine.

Portfolio Pulse from Henry Khederian

July 02, 2024 | 7:36 pm

DKNG

MSGS

OWL

The Boston Celtics, fresh off their 18th NBA championship, are up for sale. Boston Basketball Partners plans to sell a majority stake in the team by 2024 or early 2025, with the remaining stake to be sold by 2028. The sale could break NBA records, with the team valued at $4.7 billion. The news has implications for Madison Square Garden Sports (NYSE:MSGS), Blue Owl Capital (NYSE:OWL), and DraftKings Inc (NASDAQ:DKNG).

Portfolio Pulse from Chris Katje

July 02, 2024 | 7:34 pm

CTSO

CytoSorbents Corp (NASDAQ:CTSO) shares surged by 21% to $0.85 after securing a $20 million credit facility with Avenue Capital Group. The funds will support the CytoSorb® franchise and aid in FDA and Health Canada applications for DrugSorb™-ATR.

Portfolio Pulse from Henry Khederian

July 02, 2024 | 7:31 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has outperformed the market over the past 15 years, delivering an average annual return of 15.04%. A $100 investment in SSD 15 years ago would be worth $816.84 today. The company currently has a market capitalization of $6.91 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:30 pm