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DYN

NKGN

PTCT

Market-Moving News for May 20th includes significant updates from PTC Therapeutics, NKGen Biotech, and Dyne Therapeutics. PTC Therapeutics' Translarna is up for re-evaluation by the European Commission. NKGen Biotech's SNK01 has been cleared for Phase 2 development in Alzheimer's Disease. Dyne Therapeutics shared clinical data from its ongoing trials for DYNE-101 and DYNE-251.

Portfolio Pulse from ryanfaloona@benzinga.com

May 20, 2024 | 12:38 pm

LAB

OPK

TGEN

Insiders are aggressively buying shares of Tecogen Inc., Standard BioTools Inc., and OPKO Health Inc. despite recent financial challenges. This insider activity may indicate confidence in the companies' future prospects.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 12:36 pm

BEAT

HeartBeam's recent study shows that their AI algorithm combined with vectorcardiography (VCG) outperforms a panel of cardiologists in detecting arrhythmias. The data, presented at the Heart Rhythm Society Conference, highlights the AI's consistent and reliable detection of atrial flutter.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:35 pm

IBTX

SSB

Independent Bank Group, Inc. (NASDAQ: IBTX) shares are surging after announcing an acquisition by SouthState Corporation (NYSE: SSB) in an all-stock transaction valued at around $2 billion. IBTX shareholders will receive 0.60 shares of SSB stock for each IBTX share, representing a premium of over 10%. The deal is expected to close by Q1 2025.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 12:35 pm

EOLS

Evolus' dermal filler Evolysse Lift has met its primary endpoint, demonstrating superiority to Restylane-L at 6 months and showing statistically significant improvement in nasolabial fold severity compared to Restylane-L at all timepoints over 12 months.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:31 pm

NEXT

NextDecade shares are trading higher after ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:30 pm

ADI

ANET

EPR

INTU

LITE

MU

NVDA

TER

TTWO

ULTA

Top Wall Street analysts have updated their price targets and ratings for several major companies, including NVIDIA, Ulta Beauty, EPR Properties, Take-Two Interactive, Arista Networks, Intuit, Teradyne, Micron Technology, Lumentum Holdings, and Analog Devices. These changes could impact the stock prices of these companies in the short term.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 12:29 pm

IBTX

Independent Bank Group shares are trading higher following the announcement that SouthState will acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:26 pm

EAT

SN

TSCO

Three consumer discretionary stocks, SharkNinja (SN), Tractor Supply Company (TSCO), and Brinker International (EAT), are identified as overbought with high RSI values, indicating potential short-term price declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 12:25 pm

PTCT

PTC Therapeutics shares are trading higher following the announcement that the European Commission has returned the Translarna opinion to the CHMP for re-evaluation.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:22 pm