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GILD

Gilead shares are trading lower after the company's Phase 3 TROPiCS-04 study missed its primary endpoint of overall survival.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:28 pm

GILD

Gilead Sciences Inc (NASDAQ:GILD) announced that its Phase 3 TROPiCS-04 study for Trodelvy in treating metastatic urothelial cancer did not meet its primary endpoint of overall survival. The study showed numerical improvement in overall survival favoring Trodelvy, but also a higher number of deaths due to adverse events compared to chemotherapy. Gilead will further investigate the data and discuss next steps with the FDA. GILD shares were trading lower by 2.23% premarket.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 1:27 pm

BHB

CZR

EXEL

PCB

The article highlights notable insider trades in four companies: Exelixis, Caesars Entertainment, PCB Bancorp, and Bar Harbor Bankshares. Insider purchases often indicate confidence in the company's prospects. Exelixis saw a significant purchase by Caligan Partners LP, while Caesars Entertainment received a strong buy rating from Raymond James. PCB Bancorp and Bar Harbor Bankshares also had insider buys following their recent earnings reports.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 1:26 pm

ASAN

FITB

HRL

HTLF

IBTX

Top Wall Street analysts have upgraded their ratings for several companies, including Asana, Independent Bank Group, Fifth Third Bancorp, Heartland Financial USA, and Hormel Foods. These upgrades come with revised price targets, impacting the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 1:25 pm

PAYC

Paycom Software, Inc. (NYSE:PAYC) has appointed Randy Peck as Chief Operating Officer. Additionally, Matt Paque and Jennifer Kraszewski have been promoted to Chief Legal Officer and Chief Human Resources Officer, respectively.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:16 pm

DG

Dollar General (NYSE:DG) reported better-than-expected Q1 FY24 results with sales growth of 6% YoY and EPS of $1.65. Despite this, analysts cut their price targets, and the stock fell 8.1%.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 1:11 pm

NVOS

Novo Integrated Sciences shares are trading higher following the company's approval of a $5 million stock repurchase. The board is also reviewing the possibility of increasing the repurchase amount.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:08 pm

ASTR

Astra Space, Inc. received a deficiency notice from Nasdaq for not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company is also not in compliance with Nasdaq's Minimum Bid Price Requirement and Minimum Stockholders' Equity Requirement.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:04 pm

FFIE

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has seen a 15% rebound in its stock price after a 91% crash over eight days, driven by disappointing earnings and Nasdaq compliance issues. CEO Matthias Aydt addressed investor concerns about dilution and bankruptcy risks, leading to a positive market reaction. The company is also exploring strategic partnerships and has withdrawn its 2024 production target guidance.

Portfolio Pulse from Surbhi Jain

May 31, 2024 | 1:02 pm

NVOS

Novo Integrated Sciences has approved a $5 million stock repurchase program for open market and private transactions.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:01 pm