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ANNX

DBI

EQ

MLGO

NDRA

SOBR

U.S. stocks turned higher with the Dow Jones gaining around 200 points. Designer Brands Inc (NYSE:DBI) shares plunged over 22% following disappointing Q1 earnings. MicroAlgo Inc (NASDAQ:MLGO) shares surged 558% after announcing a new research center. Sobr Safe Inc (NASDAQ:SOBR) shares rose 96% due to new device purchases. Annexon, Inc. (NASDAQ:ANNX) shares increased 28% after positive Phase 3 trial results. ENDRA Life Sciences Inc (NASDAQ:NDRA) shares dropped 64% following a public offering announcement. Equillium Inc (NASDAQ:EQ) shares fell 24% after Phase 2 study results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 6:32 pm

BX

Blackstone (NYSE:BX) has outperformed the market over the past 15 years with an average annual return of 17.25%, significantly higher than the market average. A $1000 investment in BX 15 years ago would be worth $10,836.36 today.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

MPC

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years with an average annual return of 15.08%, resulting in a $1000 investment growing to $3,988.11. The company currently has a market capitalization of $60.87 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

HUBB

Hubbell (NYSE:HUBB) has seen a 12.59% increase in its short percent of float, now at 3.13%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 10.56%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

MARA

Marathon shares are trading higher amid strength in crypto-related stocks.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:30 pm

BYON

Beyond (NYSE:BYON) has seen its short percent of float rise by 18.73% since its last report, with 3.81 million shares sold short, representing 8.43% of all regular shares available for trading. This increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

TELL

Tellurian Inc. (AMEX:TELL) shares are trading higher amid reports of potential investments from Saudi Aramco and Woodside Energy Group in its LNG export project in Louisiana. The stock initially spiked 30% but has since given back some gains. 20.79% of Tellurian shares are being sold short, contributing to large price movements.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 6:29 pm

DNN

UEC

Stocks of uranium companies are trading lower due to reports that Russia is seeking to take over Niger's uranium assets.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:28 pm

MVST

Microvast Holdings, Inc. (NASDAQ:MVST) shares are trading higher after announcing a $25 million corporate loan facility, with an initial $12 million draw. The loan, provided by the company's founder and CEO Yang Wu, will support U.S. operations. The company has streamlined operations, including workforce reductions, to ensure long-term sustainability. Despite a recent 45.13% drop in stock price over the past three months, Wall Street analysts generally view the stock as a Buy.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 6:27 pm

FGEN

REGN

FibroGen Inc (NASDAQ:FGEN) announced that the FDA cleared its Investigational New Drug (IND) of FG-3165, allowing the company to initiate a Phase 1 clinical trial. Additionally, FibroGen entered into a clinical trial supply agreement with Regeneron Pharmaceuticals Inc (NASDAQ:REGN) to evaluate FG-3165 and FG-3175 with Regeneron's anti-PD-1 therapy LIBTAYO in patients with solid tumors. Despite an initial 14% rise, FibroGen shares were down 1.63% at $1.21 at the time of publication.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 6:27 pm