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Stock Prices

GM

General Motors (GM) has announced that its board has approved a new $6 billion share repurchase authorization. This move is likely to positively impact GM's stock price in the short term as it signals confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:11 am

RCAT

Red Cat shares are trading higher following the announcement of a Letter of Intent to acquire FlightWave Aerospace Systems.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:08 am

AAOI

Applied Optoelectronics (AAOI) will join the Russell 3000 Index, effective at the market open on July 1.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:07 am

AKRO

Akero Therapeutics (NASDAQ:AKRO) has initiated a Phase 3 trial for its drug efruxifermin (EFX) aimed at treating patients with compensated cirrhosis due to metabolic dysfunction-associated steatohepatitis (MASH).

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:05 am

LLY

Lilly shares are trading higher after the company's Alzheimer's drug donanemab received a unanimous 11-0 vote from the FDA's Peripheral and Central Nervous System Drugs Advisory Committee.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:04 am

KLTR

Kaltura's Board of Directors has authorized a stock repurchase program for up to $5 million.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:03 am

ATHA

Athira Pharma (NASDAQ:ATHA) has successfully completed the first cohort of its Phase 1 clinical trial for ATH-1105, a drug aimed at treating ALS. The trial involved healthy volunteers and is a significant step in the drug's development.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:03 am

AAPL

DO

LUV

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am

BYDDF

NIO

XPEV

XPeng Inc. (NYSE:XPEV) has revealed the name and image of its first model from the Mona sub-brand, the Xpeng M03, which will use BYD batteries. This move follows a similar strategy by NIO Inc. (NYSE:NIO) with its Onvo sub-brand. The M03 is expected to launch in 2024 and will be an A-class smart electric model. XPeng shares are trading higher by 0.63% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 10:59 am

WDS

Woodside Energy Group Ltd (NYSE:WDS) shares are trading lower premarket after announcing the first oil from the Sangomar field offshore Senegal. The project, developed by a joint venture including Woodside and PETROSEN, features a standalone FPSO facility and subsea infrastructure. The project cost remains within the $4.9 billion – $5.2 billion range, with production ramping up through 2024.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 10:45 am