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Stock Prices

GLTO

Galecto has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 10:06 am

NVS

Novartis has released new data from the ALITHIOS study, indicating that first-line treatment with Kesimpta (Ofatumumab) for up to six years results in less disability and disease progression in relapsing multiple sclerosis patients compared to those who switched from Teriflunomide.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 10:02 am

LUNR

OMEX

PRTG

Intuitive Machines, Inc. (NASDAQ:LUNR) shares surged 41.1% in pre-market trading after securing a NASA contract worth up to $4.82 billion. Other notable pre-market movers include Portage Biotech Inc. (NASDAQ:PRTG) with a 231% gain and Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) rising 89.3%.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 9:58 am

META

VGK

Meta is facing a significant antitrust fine from the EU over its classified ads practices, which could impact its financial performance and stock price. This development highlights ongoing regulatory challenges for the company.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:14 am

VGK

The Eurozone Consumer Price Index (CPI) for August increased by 0.1%, which is below the estimated 0.2% and slightly above the prior month's 0.0%. This indicates a slower-than-expected inflation rate in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:06 am

VGK

The Eurozone Consumer Price Index (CPI) for August was reported at 2.2% year-over-year, matching the estimated figure and showing a decrease from the previous month's 2.6%.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:06 am

VGK

The Eurozone Core Consumer Price Index (CPI) for August remained steady at 2.8% year-over-year, matching expectations and slightly below the previous month's 2.9%.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:01 am

AAPL

SPY

Apple's recent iPhone launch has not significantly impacted its stock price, with early indications showing a potential 10% decline in iPhone 16 sales. Portfolio manager Dan Niles reflects on his short-term stance, citing overestimated AI impact. Despite this, he remains optimistic about long-term growth. Apple's P/E ratio has increased due to AI expectations, but valuation support is questioned. The stock has underperformed compared to the SPDR S&P 500 ETF Trust.

Portfolio Pulse from Shanthi Rexaline

September 18, 2024 | 8:56 am

GBTC

JPM

Jamie Dimon, CEO of JPMorgan Chase, emphasized the bank's significant use of blockchain technology while maintaining skepticism towards cryptocurrencies, calling them a 'pet rock.' JPMorgan's blockchain network, Onyx, has processed over $700 billion in transactions. Despite Dimon's criticism of Bitcoin, JPMorgan has investments in Bitcoin-related ETFs like the Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 8:18 am

BA

Boeing is resuming contract negotiations with its largest union, IAM, after a strike over wage and pension disputes. The strike has disrupted production and led to a hiring freeze and potential furloughs. Boeing's stock has been declining amid these developments.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 7:47 am