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LYRA

Lyra Therapeutics is laying off ~75% of its workforce and pausing manufacturing and commercialization efforts to extend its cash runway into 2026. The company will focus on its ENLIGHTEN Phase 3 trials for LYR-210 and has paused efforts for LYR-220.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:16 pm

IT

Gartner's (NYSE:IT) short interest has risen by 7.74%, with 1.11 million shares sold short, representing 1.67% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Gartner's short interest is still below the peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 1:15 pm

BTCUSD

DWAC

ETHUSD

NVDA

TSLA

Ethereum rises 20% and Bitcoin surpasses $70K fueled by ETF inflows. Wall Street opens flat with Nvidia earnings and Fed speeches in focus. Tesla's Semi fleet grows as PepsiCo takes delivery of 50 EV trucks. Trump Media & Technology Group reports over $300M loss in first earnings since going public.

Portfolio Pulse from Akanksha Bakshi

May 21, 2024 | 1:15 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) shares are trading lower following the company's first-quarter financial results. Despite beating revenue and EPS estimates, multiple analysts lowered their price targets on the stock. Zoom's Q1 revenue was $1.14 billion, and EPS was $1.35. The company provided a mixed outlook for Q2 and the full year, with revenue projections meeting estimates but EPS projections slightly below. Analysts' price target adjustments reflect cautious sentiment.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 1:13 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) reported first-quarter revenue of $770,500, missing analyst estimates of $1.12 million, and a quarterly loss of $3.61 per share. The company has $273.7 million in cash and plans to focus on long-term product development, including live TV streaming.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 1:13 pm

PANW

Palo Alto Networks Inc (NASDAQ:PANW) shares are trading lower despite reporting better-than-expected fiscal third-quarter revenue and earnings. The company provided a positive outlook for the fourth quarter and full year, and several analysts raised their price targets. However, the stock is down 6.64% at $302.27.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 1:12 pm

BZ

IEMG

VXUS

Kanzhun Ltd (NASDAQ:BZ) reported strong fiscal Q1 2024 results with a 33.4% YoY revenue increase and adjusted EPADS beating estimates. Despite this, the stock declined due to a broader sell-off in Chinese stocks. Investors can gain exposure to Kanzhun via Vanguard Total International Stock ETF (NASDAQ:VXUS) and iShares Core MSCI Emerging Markets ETF (NYSE:IEMG).

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 1:12 pm

CZOO

Cazoo Group Ltd (NYSE: CZOO) has received a non-compliance notice from the New York Stock Exchange (NYSE) due to its stock price falling below the required minimum. The company has six months to regain compliance by meeting the minimum share price requirement.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:12 pm

DIS

EAT

GLBE

HPQ

INTR

Top Wall Street analysts have upgraded their ratings for several major companies, including The Walt Disney Company, Global-E Online Ltd., Brinker International, Inc., HP Inc., and Inter & Co, Inc. These upgrades have led to varying degrees of stock price movements.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 1:04 pm

SANA

Sana Biotechnology has published novel in vivo preclinical data in Nature Biotechnology, showing the potential of their pluripotent stem cell-derived human glial progenitor cell transplantation as a treatment for Huntington's disease and other glial-based neurodegenerative conditions. The data demonstrated that healthy transplanted human glial cells could replace diseased glial cells in the brains of human glial chimeric Huntingtin mice, providing additional proof-of-concept for the advancement of SC379, Sana's product candidate.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:02 pm