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VMAR

Vision Marine Technologies has filed its fifth patent on a vehicle control unit, which is expected to enhance the performance and safety of its electric boats.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:37 pm

LCID

TSLA

Popular tech YouTuber Marques Brownlee (MKBHD) praised Lucid Motors' Sapphire variant of its Air sedan, highlighting its superior driving dynamics, range, and acceleration compared to Tesla's Model S Plaid. Despite Lucid's financial challenges, CEO Peter Rawlinson believes Lucid is poised to advance EV technology as Tesla appears distracted.

Portfolio Pulse from Anan Ashraf

June 03, 2024 | 12:36 pm

CORT

Corcept Therapeutics (NASDAQ:CORT) will present results from its Phase 3 GRACE trial evaluating relacorilant in patients with hypercortisolism at the ENDO 2024 and HiD conferences.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:36 pm

KTRA

TuHURA Biosciences and Kintara Therapeutics announced positive Phase 1b trial results for IFx-2.0 in treating checkpoint inhibitor-resistant advanced Merkel Cell Carcinoma and Cutaneous Squamous Cell Carcinoma. The trial showed that IFx-2.0 was safe and well-tolerated, with 80% of ICI naïve patients achieving a durable response.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:36 pm

BPTH

GME

NTLA

Market-Moving News for June 3rd includes significant updates for GameStop (GME), Bio-Path Holdings (BPTH), and Intellia Therapeutics (NTLA). 'Roaring Kitty' revealed a massive GME position, BPTH presented interim results from a Phase 2 study, and NTLA announced long-term data from a Phase 1/2 study.

Portfolio Pulse from ryanfaloona@benzinga.com

June 03, 2024 | 12:35 pm

SAVE

Spirit Airlines expects its cost-saving initiatives to benefit 2024 by over $75 million, with an annual run-rate savings of over $100 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:33 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) is set to release its first-quarter financial results, with analysts expecting a quarterly loss of 4 cents per share and revenue of $165.89 million. The company recently acquired Oxeye, a cloud-native application security provider. GitLab shares fell 2.7% to $47.21. Analysts have revised their price targets, with most maintaining a Buy or Outperform rating.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:31 pm

MBWM

Robert B. Kaminski, Jr. has retired as President and CEO of Mercantile Bank Corporation (MBWM) and its wholly owned subsidiary. Raymond E. Reitsma has resigned as EVP and COO of Mercantile and has been appointed as the new President and CEO of Mercantile and CEO of the bank.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:31 pm

AES

NEE

ORA

As of June 3, 2024, three utilities stocks—Ormat Technologies (ORA), The AES Corporation (AES), and NextEra Energy (NEE)—are considered overbought based on their RSI values, indicating potential short-term price declines. Despite recent strong financial performances and stock gains, their high RSI values suggest caution for momentum-focused investors.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:30 pm

HZO

ONEW

MarineMax Inc. (NYSE:HZO) shares are soaring due to reports of OneWater Marine Inc. (NASDAQ:ONEW) being in advanced discussions to acquire MarineMax for $40 per share in an all-cash deal. The merger would create a combined company valued at approximately $2.5 billion, including debt. OneWater's stock is down as a result of the news.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 12:30 pm