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BNO

USO

Oil prices have declined following the Energy Information Administration's (EIA) revision of its 2024 world demand growth forecast downwards.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:45 pm

MPC

Marathon Petroleum's stock is trading lower due to a decrease in oil prices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:44 pm

PANW

Palo Alto Networks' stock is trading higher following the announcement of an expanded partnership with Google Cloud. This development is expected to enhance the company's cloud security offerings and potentially increase its market share in the cybersecurity sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:44 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares dropped significantly after the company reported third-quarter revenue of $188.34 million, missing the consensus estimate of $198.5 million, and announced it no longer expects to generate positive adjusted free cash flow for FY 2024. Despite a 30% year-over-year increase in revenue and growth in various business segments, the revised financial outlook and missed earnings estimates have negatively impacted investor sentiment.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 4:38 pm

RKT

'Transforming The Home Buying Process': Rocket Mortgage, a part of Rocket Companies Inc. (NYSE:RKT), has launched Rocket Logic, an AI-driven platform designed to simplify and speed up the home ownership process. The platform uses over 10 petabytes of data and 50 million annual call transcripts to enhance mortgage efficiency through deep learning and generative AI, significantly reducing the time for loan closures and improving the accuracy of mortgage eligibility determinations.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 4:37 pm

MTEM

Molecular Templates, Inc (NASDAQ:MTEM) shares experienced volatility after presenting positive interim data from its MT-6402 Phase I study in patients with PD-L1+ solid tumors. The data showed MT-6402's unique action and good tolerance, with no severe adverse events. CEO Eric Poma highlighted the drug's potential in treating checkpoint-experienced head and neck cancer patients. The stock saw heavy trading, with over 1.47 million shares traded, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 4:37 pm

VVOS

Vivos Therapeutics, Inc. (NASDAQ:VVOS) shares dropped after filing a prospectus for the resale of up to 1.73 million shares by selling shareholders. The company could receive $8.4 million if all warrants are exercised. Vivos also announced Medicare reimbursement approval for its CARE oral medical devices and reported Q4 losses of $3.05 per share, missing estimates by 59.69%, with sales of $3.248 million also missing estimates.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 4:36 pm

SID

B of A Securities analyst Caio Ribeiro downgraded Companhia Siderurgica (NYSE:SID) from Neutral to Underperform and reduced the price target from $3.9 to $2.9.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:35 pm

RVSN

Rail Vision Ltd (NASDAQ:RVSN) shares surged 10.2% to $1.73 after announcing an order for its AI-powered Switch Yard System from a major North American Class 1 freight rail company. This order marks a significant milestone in Rail Vision's expansion into the North American market, demonstrating industry confidence in their technology. The system will be installed and evaluated for safety scenarios on the freight company's locomotive.

Portfolio Pulse from Henry Khederian

April 09, 2024 | 4:35 pm

BMR

Trading of Beamr Imaging shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:34 pm