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AVTE

Aerovate Therapeutics announced positive 24-week topline results from the Phase 2b portion of the IMPAHCT trial evaluating AV-101 for pulmonary arterial hypertension.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:33 pm

AAN

Aaron’s Company, Inc. (NYSE:AAN) shares are surging after announcing a definitive agreement to be acquired by IQVentures Holdings, LLC for $10.10 per share in cash, representing a 34% premium over the previous closing price. The transaction is expected to close by the end of the year, subject to approvals.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 12:33 pm

MBIO

Mustang Bio has announced promising safety and efficacy data from its Phase 1/2 clinical trial of MB-106 for Waldenstrom Macroglobulinemia. The trial showed a 90% overall response rate with durable responses, including one patient in complete remission for 31 months.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:32 pm

MYFW

First Western Financial has announced a buyback program for 200,000 shares, indicating confidence in the company's future prospects and potentially boosting the stock price.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:32 pm

SCS

Steelcase Inc. (NYSE:SCS) is set to release its Q1 earnings report, with analysts expecting an EPS of 10 cents and revenue of $729.13 million. Benchmark analyst Reuben Garner upgraded Steelcase to Buy with a $17 price target. The company offers a 3.23% annual dividend yield, translating to 10 cents per share quarterly. Investors need around $186,000 in Steelcase stock to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 12:31 pm

XPOF

Xponential Fitness, Inc. (NYSE:XPOF) has appointed Mark King as the new Chief Executive Officer, effective June 17, 2024. Brenda Morris will step down as Interim CEO but will remain on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:31 pm

AVTE

Trading in AVTE was halted at 8:25:00 a.m. ET pending news. Investors should stay tuned for updates as trading halts often precede significant announcements.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:25 pm

NVDA

NVDD

NVDU

The article discusses the contentious nature of Nvidia Corporation (NASDAQ: NVDA) due to its high valuation despite strong growth prospects. It also highlights two Direxion ETFs, Direxion Daily NVDA Bull 2X Shares (NASDAQ: NVDU) and Direxion Daily NVDA Bear 1X Shares (NASDAQ: NVDD), which allow traders to bet on both sides of NVDA's performance. NVDU has shown significant gains, while NVDD has declined, but may attract contrarian investors.

Portfolio Pulse from Joshenomoto@benzinga.com

June 17, 2024 | 12:21 pm

ALLG

Allego shares are trading higher following the announcement of a transaction framework agreement with its majority shareholder, Meridiam. Meridiam will launch a tender offer for all issued and outstanding Allego shares not owned by Meridiam, offering $1.70 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:20 pm

CME

GME

MARA

UBER

The Nasdaq 100 closed higher by around 0.4% on Friday. Notable insider sales were observed in Marathon Digital, Uber Technologies, GameStop, and CME Group. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Marathon Digital's director sold shares following a price target downgrade by JP Morgan. Uber's executive sold shares amid a new partnership announcement. GameStop's general counsel sold shares following a technical issue with their annual meeting. CME Group's director sold shares after reporting record May ADV.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 12:20 pm