Streetbeat News

Stock Prices

LIXT

LIXTE Biotechnology announced that their drug LB-100 has shown promising results in increasing the recognition of colon cancer cells by the immune system. The data, published in EMBO Reports, indicates that LB-100 generates neo-antigens in cancer cells by disrupting RNA splicing, which are then presented to the immune system.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:36 pm

VSTO

Vista Outdoor Inc. (NYSE: VSTO) shares surged after MNC Capital increased its acquisition offer to over $3.0 billion, representing a 46% premium to the VWAP from the announcement of Vista’s transaction with the Czechoslovak Group a.s. The revised offer is over a 30% premium to the last closing price before MNC’s initial offer. The offer also implies a valuation for Revelyst of over $1 billion, compared to Vista’s valuation of $570 million. VSTO shares are up 6.97% premarket.

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 12:35 pm

AMLI

LAC

PLL

TSLA

Piedmont Lithium (NASDAQ:PLL) has received a key mining permit for its North Carolina project, marking a significant step forward despite ongoing local opposition and the need for additional permits. This development is seen as a positive sign for the U.S. lithium industry, which faces lengthy permitting processes. The news also impacts companies like American Lithium Corp. (NASDAQ:AMLI) and Lithium Americas (NYSE:LAC), which have faced similar challenges. Piedmont's permit is expected to accelerate discussions with potential funding partners.

Portfolio Pulse from Matt Whittaker

June 06, 2024 | 12:34 pm

ICU

SeaStar Medical has announced a 25-for-1 reverse stock split, which will consolidate every 25 shares of its common stock into one share. This move is often aimed at increasing the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:33 pm

VCNX

Vaccinex has completed the last patient visit in its randomized, SIGNAL-AD Phase 1b/2 study of Pepinemab treatment for Alzheimer's Disease.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:32 pm

AAL

NDSN

PAYC

TITN

The article highlights four industrial stocks that are currently oversold, presenting potential buying opportunities. These stocks include Paycom Software Inc (PAYC), Titan Machinery Inc (TITN), American Airlines Group Inc (AAL), and Nordson Corp (NDSN). Each company has experienced recent declines in stock prices and has an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:32 pm

SPY

The USA's continuing jobless claims have slightly increased to 1,792K, compared to the estimated 1,790K and the prior 1,790K.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:32 pm

SPY

Nonfarm Productivity for Q1 increased by 0.2%, slightly below the estimated 0.3%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:30 pm

SPY

The USA reported initial jobless claims of 229,000, higher than the estimated 220,000 and the previous week's 221,000. This indicates a slight increase in unemployment claims, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:30 pm

SPY

Unit Labor Costs for Q1 increased by 4%, which is lower than the estimated 4.7%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:30 pm