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NVO

Novo Nordisk (NYSE:NVO) is under scrutiny for the high prices of its diabetes and obesity drugs, Ozempic and Wegovy. The company retains about 60% of the list price after rebates and fees. Senator Bernie Sanders is urging price reductions, highlighting the disparity between production costs and market prices. Novo Nordisk defends its pricing, citing significant investment in drug development. The potential market for GLP-1 drugs could reach $150 billion by the early 2030s.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 3:59 pm

DELL

Dell shares are trading higher after Loop Capital raised its price target from $125 to $185.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:55 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Tuesday following the announcement of a zero-emissions version of their PowerUP mobile EV charging solution. The new version will be built on Mullen's all-electric Class 3 cab chassis truck, offering scalable and sustainable charging options.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 3:53 pm

NKE

ONON

On Holding AG (NYSE:ONON) has been upgraded from Hold to Buy by Truist Securities' Joseph Civello, with a price target increase from $34 to $46. The company is expected to benefit from strong trends and increased marketing efforts, especially with the upcoming Olympics. Nike Inc (NYSE:NKE) is also mentioned as pulling back on certain products, potentially benefiting On Holding.

Portfolio Pulse from Priya Nigam

May 28, 2024 | 3:49 pm

LKQ

LKQ Corporation (NYSE:LKQ) has seen a 33.16% increase in its short percent of float, now at 2.49% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, LKQ's short interest is still lower than the average of 4.04%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 3:45 pm

GROY

Gold Royalty Corp (NASDAQ:GROY) shares fell by 13.8% to $1.65 after announcing a $300 million bought deal financing to acquire a copper stream on the Vares Silver Project. The project is expected to enhance revenue and cash flow, with commercial production starting by Q4 2024.

Portfolio Pulse from Henry Khederian

May 28, 2024 | 3:44 pm

NIVF

NewGenIvf Group shares are trading higher after the company announced it received two letters from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:44 pm

POAI

Predictive Oncology Inc (NASDAQ:POAI) shares surged by 46.6% to $2.30 after announcing positive results from a study on ovarian cancer survival predictions using machine learning. The results will be presented at the 2024 ASCO Annual Meeting.

Portfolio Pulse from Henry Khederian

May 28, 2024 | 3:43 pm

STSS

Sharps Technology Inc. (NASDAQ: STSS) shares are surging due to new agreements with Nephron SC and Nephron Sterile Compounding Centers. The five-year Purchase Agreement includes a commitment to buy $188.5 million worth of syringes from Sharps Technology. This news has led to a 157% increase in STSS stock price.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 3:40 pm

AIFD

MU

SHOC

Micron Technology (NASDAQ: MU) plans to build a new DRAM factory in Hiroshima by 2026, with operations starting by 2027. The company will invest 800 billion yen in the facility. Micron has increased its 2024 capital expenditure to $8 billion and expects significant growth in its HBM business by 2025. Analysts are optimistic about Micron's future due to strong DRAM pricing and increased AI exposure. Micron's stock has gained 81% in the last 12 months. Investors can also gain exposure through ETFs like AIFD and SHOC.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 3:32 pm