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ZBIO

The trading halt for an IPO security has been updated, and the security is now released for quotation as of 10:35:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:35 pm

ATPC

Agape ATP Corporation (NASDAQ:ATPC) shares surged 84.1% after announcing a strategic collaboration with Xiamen Photons Solar Technology to develop solar photovoltaic mounting systems in Malaysia and ASEAN countries. This partnership aligns with ASEAN's renewable energy goals.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 2:33 pm

BCAX

Bicara Therapeutics has announced its IPO, pricing 17.5 million shares at $18 each. The IPO indicates a potential share price of $33 on 265,829 shares.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:31 pm

HRB

H&R Block (NYSE:HRB) has outperformed the market over the past 5 years with an average annual return of 21.42%, surpassing the market by 8.14% annually. A $1000 investment in HRB 5 years ago would now be worth $2,637.57.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 2:30 pm

NET

Cloudflare (NYSE:NET) has significantly outperformed the market over the past 5 years, with an annualized return of 33.47%. A $1000 investment in Cloudflare 5 years ago would now be worth $4,262.48. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 2:30 pm

MBX

MBX Biosciences has announced its IPO, initially indicating a price of $20.50 per share for 180,865 shares, but ultimately pricing at $16 per share for 10.20 million shares.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:29 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has dropped 50% from its all-time high, but traders suggest a potential recovery. Analysts highlight that the time to be bearish was at the highs, not now, and predict a breakout from the descending channel. Despite a decrease in large transactions, daily active addresses have increased.

Portfolio Pulse from Khyathi Dalal

September 13, 2024 | 2:22 pm

SPY

The S&P 500's performance after Federal Reserve rate cuts varies significantly depending on whether the economy is in a recession. During recessions, the S&P 500 typically declines, while in 'growth scare' or 'normalization' periods, it tends to rally. The SPDR S&P 500 ETF Trust (SPY) reflects these trends, gaining in non-recessionary periods and declining during recessions. Volatility and bond yields also react differently based on the economic context.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 2:22 pm

TTD

Trade Desk shares are experiencing an increase in trading value following Wedbush's decision to raise its price target from $110 to $115.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:20 pm

MBX

MBX is planning an IPO with an initial price of $18 per share, offering 170,000 shares.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:19 pm