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CTVA

Corteva shares are trading lower following a downgrade from OTR Global, which changed its rating from Mixed to Negative.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:44 pm

ACRHF

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced an at-the-market (ATM) equity program to issue and sell up to $250 million worth of its common shares. The program aims to enhance financial flexibility and support strategic initiatives. Despite the positive financial outlook and significant debt reduction, Canopy's stock traded down following the announcement. The company plans to use the proceeds to support existing businesses, fund potential acquisitions, and for general corporate purposes. Additionally, Canopy is advancing its U.S. operations by acquiring Acreage Holdings, Inc. (OTC:ACRHF).

Portfolio Pulse from Javier Hasse

June 07, 2024 | 6:37 pm

IP

International Paper shares are trading higher following a report suggesting Suzano could borrow up to $19 billion for its bid.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:32 pm

GS

Goldman Sachs Group (NYSE:GS) has outperformed the market over the past 5 years, delivering an average annual return of 18.52%. A $100 investment in GS 5 years ago would be worth $234.60 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:31 pm

ABBV

FDMT

REGN

RGNX

Goldman Sachs has initiated coverage on Regenxbio Inc (NASDAQ:RGNX) with a Buy rating and a price target of $38, citing the potential of its gene therapy pipeline. The company's pipeline includes treatments for ophthalmology, Duchenne muscular dystrophy, and Hunter syndrome. Goldman Sachs anticipates that upcoming data releases and filings will boost Regenxbio's share performance.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 6:30 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has seen a rise in short interest by 11.9%, with 33.44 million shares sold short, representing 9.12% of its float. This is higher than the peer group average of 5.79%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:30 pm

MMAT

Meta Materials (NYSE:MMAT) has seen a 3.53% increase in its short percent of float, now at 10.85%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 7.21%. It would take traders 2.21 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 6:30 pm

DM

Desktop Metal (DM) has announced a 1-for-10 reverse stock split, with trading on a split-adjusted basis beginning on June 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:29 pm

AAPL

AMD

AMZN

GOOGL

INTC

MSFT

NVDA

Nvidia's H100 processor has significantly boosted the company's market position, making it the world's second-most valuable company. The chip's high demand and advanced capabilities in AI have set Nvidia apart from competitors like AMD, Intel, and major cloud providers such as Amazon, Google, and Microsoft.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 6:26 pm

ABT

A California federal judge has allowed a class action lawsuit to proceed against Abbott Laboratories (NYSE:ABT) regarding its Glucerna products, which are marketed for people with diabetes. The lawsuit claims these products contain harmful ingredients like sucralose. The judge denied Abbott's motion to dismiss the case but granted the dismissal of the request for an injunction to amend the product labeling.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 6:17 pm