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MNMD

Mind Medicine Inc (NASDAQ:MNMD) shares surged after receiving FDA breakthrough therapy designation for its MM120 program for generalized anxiety disorder treatment and announcing positive Phase 2b study data. The study met its key secondary endpoint, showing significant durability of activity through week 12. Additionally, MindMed announced a share offering and private placement expected to close on March 11, aiming to raise approximately $175 million.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 2:54 pm

APM

BREA

CDMO

CERO

LYT

SWIN

Nasdaq rose by 100 points as U.S. stocks traded higher, with BJ's Wholesale reporting weaker than expected sales for Q4 FY23. Materials and health care sectors saw gains, while Lytus Technologies, CERo Therapeutics, and Brera Holdings experienced significant stock increases. Conversely, Solowin Holdings, Aptorum Group, and Express, Inc. saw notable declines. Oil prices fell, while gold and copper prices increased.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 2:54 pm

OCEA

Shares of Ocean Biomedical were halted due to a circuit breaker after surging 30.9% to the upside, indicating a significant increase in the stock's value.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:54 pm

Kroger Company (NYSE:KR) shares rose after reporting a 6.4% year-on-year sales growth for Q4 FY23, with $37.064 billion in sales, slightly below analyst expectations. Adjusted EPS of $1.34, excluding the 53rd week, beat the consensus of $1.13. Gross margin was 22.7%, and operating income increased by 44.5% to $1.2 billion. Kroger ended the quarter with $1.88 billion in cash and forecasts FY24 adjusted EPS of $4.30-$4.50. Shares are up 7.11% at $54.08.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 2:53 pm

MNMD

MindMed shares surged following the FDA's Breakthrough Therapy Designation for its MM120 program in generalized anxiety disorder, coupled with positive 12-week durability data from its Phase 2B study.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:52 pm

DXPE

DXP Enterprises (NASDAQ:DXPE) reported Q4 earnings with an EPS of $1.12, significantly beating the estimated -$0.15, marking an 847% beat. Revenue increased by $749 thousand year-over-year. This follows a previous quarter where the company missed EPS estimates, resulting in a 7% share price drop the next day. Historical earnings performance shows mixed results over the past quarters.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:50 pm

CERO

CERo Therapeutics shares were halted due to a circuit breaker, indicating a significant move in the stock price that triggered trading pauses to prevent excessive volatility.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:47 pm

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MPB

OBT

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UBFO

The article highlights notable value stocks in the financial services sector, focusing on companies with low P/E ratios, indicating potential undervaluation. Crescent Capital BDC, Mid Penn Bancorp, Orrstown Finl Servs, Orange County Bancorp, and United Security are featured for their recent financial performance, including earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:47 pm

META

Financial giants have shown a bearish trend on WisdomTree Industrial Metals Enhanced (META), with 69% bearish and 30% bullish trades among 33 unusual trades. The focus is on a price band between $415.0 and $550.0. META's current market status shows a 1.5% increase in price to $503.52, with an RSI indicating a potential overbought situation. An analyst from Tigress Financial maintains a Strong Buy rating with a target price of $575.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:46 pm

ASML

Financial giants have shown a mixed sentiment on ASML Holding (NASDAQ:ASML) with an equal split between bullish and bearish options trades. Analysis of 16 unusual trades revealed 5 puts and 11 calls, indicating a price target range of $730.0 to $1100.0 for the next three months. ASML, a leader in photolithography systems for semiconductor manufacturing, has seen its stock price increase by 1.21%, with a trading volume of 70,163 and an RSI indicating a potential overbought condition. An earnings announcement is expected in 41 days.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:46 pm