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Stock Prices

UPS

UPS shares are trading higher following the announcement of its 2026 financial targets, indicating positive investor sentiment towards the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:00 am

TRNO

Terreno Realty's stock is trading lower following the announcement of a 5 million share common stock offering.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:58 am

STOK

Stoke Therapeutics' stock price increased following the announcement of positive Phase 1/2a data for STK-001, indicating its potential effectiveness in treating Dravet syndrome.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:58 am

OPGN

OpGen shares surged following the announcement that David Lazar will invest $3 million in preferred stock and assume the role of CEO.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:57 am

BZFD

BuzzFeed's stock price declined following the announcement of Q4 results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:57 am

ACI

KR

A Colorado court has scheduled a hearing for mid-August to discuss the proposed acquisition of Albertsons Companies Inc (NYSE:ACI) by Kroger Company (NYSE:KR). This hearing precedes a U.S. government antitrust challenge. The FTC is attempting to block the merger, with a trial set for the end of August in Oregon. Kroger's representative mentioned a potential enhanced divestiture package with C&S Wholesale Grocers Inc to address concerns. The merger faces legal and financing challenges, with an outside date of Oct. 9. KR shares slightly dropped in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 10:52 am

ARKG

ARKK

COIN

HOOD

NVDA

SQ

ZM

Cathie Wood's Ark Investment Management has been selling shares of crypto-linked stocks such as Coinbase (COIN), Robinhood (HOOD), and Block (SQ), despite their recent rally alongside cryptocurrency prices. Ark also trimmed its holdings in Nvidia (NVDA) and Zoom (ZM), with Wood citing stretched valuations for Nvidia and selling off nearly all its Nvidia shares. The sales occurred as Ark's flagship ETF, ARKK, and its ARKG ETF continue to adjust their portfolios.

Portfolio Pulse from Shanthi Rexaline

March 26, 2024 | 10:38 am

MKC

McCormick has reaffirmed its fiscal year 2024 sales growth outlook to range between a 2% decline and no change. Additionally, the company has provided an adjusted earnings per share (EPS) forecast of $2.80 to $2.85, aligning closely with the analyst estimate of $2.83.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:35 am

BABA

Alibaba Group has announced the withdrawal of its logistics subsidiary Cainiao's IPO application on the Hong Kong Stock Exchange. Concurrently, Alibaba proposes to acquire all outstanding shares of Cainiao from minority shareholders, including employees, for $0.62 per share, totaling up to $3.75 billion. Alibaba currently owns approximately 63.7% of Cainiao.

Portfolio Pulse from Charles Gross

March 26, 2024 | 10:33 am

PRAX

Praxis Precision Medicines, Inc. (NASDAQ:PRAX) announced successful Phase 2a study results for PRAX-628, showing a 100% response rate in treating epilepsy patients with Photo Paroxysmal Response (PPR). The study's positive outcome highlights PRAX-628's potential as an effective anti-seizure medication.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:32 am