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APM

Aptorum Group Limited (NASDAQ:APM) shares surged by 778% to $12.73 following the announcement of a merger agreement with the privately held YOOV Group Holding Ltd. The merger, approved by both companies' boards, involves Aptorum's subsidiary merging into YOOV, a business AI and automation platform. Additionally, Aptorum and its major shareholder, Jurchen Investment Corporation, have initiated a significant restructuring process, including a split-off agreement where Aptorum will transfer its legacy business assets and liabilities to Aptorum Therapeutics Limited. Post-merger, Aptorum and YOOV shareholders will own approximately 10% and 90% of the combined company, respectively.

Portfolio Pulse from Vandana Singh

March 06, 2024 | 5:27 pm

NYCB

Shares of New York Community Bancorp (NYCB) were halted on a circuit breaker due to a significant drop, with the stock now down 32.3%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:20 pm

NVO

Novo Nordisk's semaglutide, used in Wegovy and Ozempic, shows promise in reducing liver fat and improving metabolic markers in HIV-related liver disease, according to a mid-stage study. The FLOW kidney outcomes trial also revealed a 24% reduction in kidney disease progression and related deaths with semaglutide treatment. These findings were presented at the Conference on Retroviruses and Opportunistic Infections, highlighting semaglutide's potential benefits for patients with Metabolic dysfunction-associated steatotic liver disease (MASLD).

Portfolio Pulse from Vandana Singh

March 06, 2024 | 5:17 pm

NYCB

Trading of New York Community Bancorp Inc. (NYCB) shares has resumed. This follows a temporary suspension, details of which were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:16 pm

FSLR

Recent options trading activity for First Solar (NASDAQ:FSLR) shows a bearish sentiment among investors, with 54% of trades being bearish. Significant trading activity predicts a price range of $145.0 to $175.0 for the next three months. Notable options activity includes both bullish puts and bearish calls, indicating mixed expectations. First Solar, a leading thin-film solar module manufacturer, saw its stock price increase by 1.38% to $161.26. Analysts have mixed views, with an average target price of $229.25, but recent downgrades suggest caution.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:16 pm

NYCB

Shares of New York Community Bancorp (NYCB) were halted due to a circuit breaker after plummeting 23.3%. This significant drop triggered a temporary pause in trading to mitigate further immediate losses and allow the market to digest the sudden decline.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:16 pm

AXON

Axon Enterprise (NASDAQ:AXON) has seen unusual options activity, indicating a split sentiment among big-money traders, with 50% bullish and 50% bearish. The activity includes 8 notable trades, with a focus on a price band between $250.0 and $350.0. The company, known for its law enforcement and personal defense products, has a current stock price of $317.0, which may be overbought according to RSI indicators. Analysts have set an average price target of $306.4, with varying ratings from major financial institutions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:16 pm

CHWY

Financial giants have shown a significant bullish interest in Chewy (NYSE:CHWY) options, with 60% of traders being bullish. Analysis of options history revealed 10 unusual trades, with a focus on a price band between $12.5 and $22.5. The largest trades include both calls and puts, with the most notable being a bullish call with a strike price of $17.50. Chewy, a leading e-commerce pet care retailer, reported $10.1 billion in 2022 sales. Currently, CHWY's stock is up by 1.32% at $17.6, with an anticipated earnings release in 14 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:16 pm

MEDS

Trading of TRxADE HEALTH, Inc. shares has resumed, indicating a return to normal trading activities for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:15 pm

HES

XOM

Exxon Mobil's VP commented that if the Chevron-Hess merger does not proceed, Exxon sees potential value in Guyana, indicating interest in capitalizing on opportunities in the region.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:15 pm