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BCAN

BLDE

CLRO

NRXP

PACK

RGLS

Nasdaq Composite gained around 1% amid positive U.S. stock market movements. ClearOne, Inc. announced a special cash dividend, causing shares to surge 120%. Regulus Therapeutics and Ranpak Holdings also saw significant gains following positive announcements. Conversely, BYND Cannasoft, Blade Air Mobility, and NRx Pharmaceuticals experienced sharp declines due to various negative developments. The U.S. consumer price index for February 2024 indicated higher-than-expected inflation rates.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 4:10 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) shares rose after announcing a new U.S. government contract valued at over $500,000 for the development of DeepView SnapShot, a handheld version of its DeepView Wound Imaging System. The contract, awarded by the Defense Health Agency and the US Army Medical Material Development Activity, underscores Spectral AI's commitment to AI-driven healthcare innovation and battlefield burn solutions.

Portfolio Pulse from Erica Kollmann

March 12, 2024 | 4:09 pm

BGXX

Bright Green shares surged following the announcement of a $250 million agreement with Dalsem Greenhouse Technologies BV to expand its research, production, and extraction facility. Additionally, Bright Green secured $60 million in financing.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:09 pm

BLDE

Blade Air Mobility Inc (NASDAQ:BLDE) reported a 24.5% year-over-year revenue growth for Q4 fiscal 2023, reaching $47.48 million but missing the consensus estimate of $48.4 million. The company's net loss widened to $33.94 million from $15.52 million a year ago. Despite the loss, Flight profit rose 65.7% Y/Y to $9.01 million. The company announced the acquisition of eight Hawker 800 aircraft for $21 million, aiming for revenue of $240-$250 million in 2024 against a consensus of $257.19 million. BLDE shares dropped 28.2% to $2.865.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:08 pm

LEG

Leggett & Platt's stock trades lower as Piper Sandler maintains an Underweight rating and reduces the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:07 pm

BEAT

Heartbeam Inc (NASDAQ:BEAT) shares increased by 3.5% to $2.35, after reaching a session high of $2.70, without any company-specific news. The company recently announced securing two new patents for its vectorelectrocardiography (VECG) technology, aimed at transforming cardiac care with portable devices. These patents cover a mobile cardiac monitoring device and a wrist-based ECG system. HeartBeam does not pay dividends but focuses on innovation and technology development to create shareholder value.

Portfolio Pulse from Henry Khederian

March 12, 2024 | 4:07 pm

RUM

Rumble's stock price increased following CEO Chris Pavlovski's announcement that the company is prepared to join a consortium aiming to acquire and operate TikTok in the US, should ByteDance decide to divest its ownership.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:05 pm

COIN

MSTR

TSLA

The crypto market cap hits $2.5T with Bitcoin, Ethereum, Dogecoin surging as MicroStrategy buys more BTC. Tesla's German factory resumes after an arson attack. MILLI's value increases, outperforming Dogecoin and Shiba Inu. $47M stolen in crypto phishing in February. Bitcoin's volatility expected to decrease, while Ethereum's ETF approval odds drop. Ark Invest sells Coinbase shares despite Bitcoin's new highs. Tesla offers early Cybertruck delivery to long-term shareholders, and Volvo aims to cut EV charging times.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:04 pm

RUM

Rumble Inc (NASDAQ:RUM) shares surged after the company expressed interest in joining a consortium to acquire and operate TikTok in the US, if ByteDance divests its ownership. This was revealed through an offer letter posted on social media by Rumble's CEO, Chris Pavlovski. Additionally, Rumble highlighted the launch of Rumble Cloud, aimed at providing businesses with an alternative to avoid unfair pricing and censorship. The company's stock was up 14.2% at $7.63 following the announcement.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 4:02 pm

HLTH

Cue Health (NASDAQ:HLTH) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $-0.44. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Cue Health's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a slight drop. The stock has significantly underperformed over the last year, with a 52-week decline of 86.77%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm