Streetbeat News

Stock Prices

RCKT

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Rocket Pharmaceuticals (NASDAQ:RCKT) and maintained a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:54 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) shares surged after the company announced regaining compliance with Nasdaq's minimum shareholder equity rule. This was achieved through a $16.5 million investment from three non-US investors. The investment involved the sale of common stock and pre-funded warrants at $0.20 per share. CEO Mike Ballardie welcomed the new investors and highlighted the importance of meeting Nasdaq's compliance requirements.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 5:53 pm

GHSI

Guardion Health Sciences, Inc. (NASDAQ:GHSI) stock rose after announcing the sale of its subsidiary Activ Nutritional, LLC, which owns Viactiv, to Doctor's Best Inc., a subsidiary of Kingdomway USA Corp., for $17.2 million. The transaction is expected to close by June 30, 2024, subject to stockholder approval. The news has led to heavy trading volume, with shares up 50% at $8.05.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 5:52 pm

COP

CVX

USO

XOM

Oil prices have risen in early 2024 due to escalating tensions in the Middle East and Red Sea regions, with Nymex WTI up nearly 8% and Brent crude up 6%. The United States Oil Fund (USO) has seen a 9.2% increase. Despite conflicts and attacks on shipping, oil prices had previously fallen due to weak demand and sufficient supply. Iran's tensions with the U.S. and its involvement in Red Sea shipping attacks pose risks to oil flows. Saudi Aramco is planning a share sale to raise at least $10 billion, following a halt in oil expansion plans. Shares of ExxonMobil, Chevron, and ConocoPhillips fell on Wednesday.

Portfolio Pulse from Neil Dennis

January 31, 2024 | 5:51 pm

TSVT

2seventy Bio's stock is trading higher following an upgrade by Leerink Partners from Market Perform to Outperform, with a significant increase in the price target from $5 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:47 pm

SINT

SINTX Technologies' stock is trading lower following the announcement of a $4 million public offering pricing.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:46 pm

VXRT

Vaxart's stock (VXRT) has seen an increase in trading after B. Riley Securities upgraded the stock from Neutral to Buy, setting a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:45 pm

GNPX

Genprex shares have declined following the announcement of a 1-for-40 reverse stock split. This corporate action is often perceived negatively as it may indicate underlying issues with the company's stock, such as trying to meet exchange listing requirements or to improve the stock's appeal to investors by increasing the price per share.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:45 pm

AMD

BA

GOOGL

KRE

NYCB

TLT

Ahead of the FOMC meeting, the Nasdaq 100 and S&P 500 fell due to disappointing earnings from tech companies like Alphabet and AMD. The ADP National Employment Report showed slower job growth, and the VIX rose. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The SPDR S&P Regional Banking ETF dropped after New York Community Bancorp reported a loss. Other stocks moved on earnings reports, with Boeing rallying on strong results.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 5:45 pm

XRPUSD

Ripple's token XRP fell over 5% following rumors of a network hack involving $112.5 million. Ripple's co-founder Chris Larsen clarified that his personal XRP accounts were hacked, not the Ripple network. Exchanges have frozen the affected addresses, and law enforcement is involved. The breach was publicized by blockchain investigator ZachXBT, and the community has reacted with a mix of concern and humor. The incident led to the liquidation of $3.8 million in long positions.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 5:44 pm