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Crypto venture capitalist Andrew Kang discusses the impact of delayed Ethereum ETF approval on Bitcoin, Ethereum, and Solana. He remains optimistic about Bitcoin's stability, sees limited upside for Ethereum, and highlights Solana's vulnerability to meme trading dynamics.

Portfolio Pulse from Khyathi Dalal

June 20, 2024 | 4:55 pm

NVS

TRVN

Trevena Inc (NASDAQ:TRVN) shares are down 33.7% following the release of preclinical data from two research collaborations. The studies focused on TRV045, a novel S1P1 receptor modulator, and its effects on chemotherapy-induced peripheral neuropathy and seizure protection. Despite some positive findings, the data did not show statistically significant anti-epileptogenic effects, leading to a sharp decline in the stock price.

Portfolio Pulse from Vandana Singh

June 20, 2024 | 4:50 pm

IBRX

ImmunityBio, Inc. (NASDAQ:IBRX) shares are trading higher after the company announced insurance coverage of its immunotherapy, ANKTIVA, across multiple states. ANKTIVA, which treats non-muscle invasive bladder cancer, received FDA approval recently and has started being administered to patients.

Portfolio Pulse from Dylan Berman

June 20, 2024 | 4:49 pm

AFCG

IIPR

NLCP

NewLake Capital Partners (OTCQX:NLCP) stands out in the cannabis REIT sector with an 8.6% dividend yield, robust financial health, and growth prospects. Despite market and listing challenges, NLCP's debt-free status and sustainable dividend payout ratio make it a compelling investment opportunity.

Portfolio Pulse from Javier Hasse

June 20, 2024 | 4:47 pm

FNB

F N B (NYSE:FNB) has seen a 10.55% increase in its short percent of float, now at 2.62% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.53%. It would take traders 4.69 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:45 pm

FLEX

Flex (NYSE:FLEX) has seen a 35% increase in short interest, now at 3.24% of its float. This is higher than its peers' average of 2.65%. It would take traders 2.52 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:45 pm

MSFT

Microsoft is issuing refunds for the Hero Pass DLC of Redfall following the closure of Arkane Austin studio. The closure has led to the cancellation of the DLC and sparked discussions about Microsoft's gaming strategy.

Portfolio Pulse from Franca Quarneti

June 20, 2024 | 4:44 pm

HTZ

Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares fell after the company announced a $750 million debt offering to strengthen its financial position and support future profitability. The offering includes $500 million in First Lien Senior Secured Notes and $250 million in Exchangeable Senior Second-Lien Secured PIK Notes, both due in 2029. The funds will be used to reduce a portion of Hertz's $2.0 billion revolving credit facility.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 4:40 pm

DJT

Donald Trump's media company, Trump Media & Technology Group Corp (NASDAQ:DJT), has received SEC approval for a share offering filing. This allows Trump to potentially cash out his $3.2 billion stake while maintaining voting control. The news has led to a 13.8% drop in DJT's stock price.

Portfolio Pulse from Chris Katje

June 20, 2024 | 4:39 pm

MGOL

MGO Global Inc. (NASDAQ:MGOL) shares surged after announcing a business combination with Heidmar, Inc., expected to close in Q3 2024. The combined company will operate under the Heidmar name and be listed on Nasdaq as 'HMAR'. The news led to a significant increase in trading volume for MGOL shares.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 4:38 pm