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SGMT

Sagimet Biosciences' stock is up following the announcement of positive Phase 2b clinical trial results for denifanstat, which met primary and multiple secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:28 pm

JBLU

SAVE

Spirit Airlines Inc (NYSE:SAVE) stock is rising after announcing an appeal with JetBlue Airways Corp (NASDAQ:JBLU) against a ruling that blocked their merger. The appeal follows a decision by U.S. District Judge William Young, who deemed the $3.8 billion acquisition anticompetitive. The news has been positive for Spirit due to its recent financial challenges, while the market has not favored the merger for JetBlue. Spirit's stock surged 12% after the appeal notice but remains down over 50% since the ruling. The appeal process could take months, with a deadline for the merger set for July.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 2:22 pm

BOH

Bank of Hawaii Corp (NYSE:BOH) reported mixed Q4 FY23 results with adjusted EPS of $1.01 beating estimates by $0.01, but revenue fell short at $158.07 million against expectations of $161.5 million. Net interest income declined significantly by 17.7% Y/Y due to higher funding costs. The bank did not repurchase any shares and declared a dividend of $0.70, payable in March 2024. BOH shares dropped slightly in premarket trading.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 2:18 pm

CYTK

Mizuho analyst Salim Syed has reaffirmed a Buy rating on Cytokinetics (NASDAQ:CYTK) and increased the price target from $80 to $103, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:17 pm

MULN

Mullen Automotive, Inc. has delivered and invoiced 130 additional Class 1 EV cargo vans to Randy Marion Automotive Group for $4,372,550. This brings the total delivered to 230 vans out of the initial 1,000 vehicle order, totaling $7,736,150 in invoices. The Mullen ONE vans are designed for last-mile delivery with a 110-mile range and are produced in Tunica, Mississippi. The company anticipates a strong year for its commercial EV efforts.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:16 pm

PRTS

CarParts.com, Inc. (NASDAQ:PRTS) has extended its $30 million stock repurchase plan to July 26, 2026, from the original expiration date of July 26, 2024. The company has approximately $25.2 million available for repurchase and will buy back shares based on market conditions, share price, and legal requirements. The repurchase plan may be adjusted, paused, or stopped at any time. As of October 23, 2023, CarParts.com had 57,498,607 shares of common stock outstanding.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:16 pm

AAPL

AI

AMD

META

MSFT

NVDA

PYPL

QQQ

SMCI

TSLA

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 22, 2024. The stocks include NVDA, AMD, AI, TSLA, PYPL, SMCI, AAPL, META, QQQ, and MSFT.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:14 pm

PHVS

Pharvaris shares have risen following the FDA's decision to lift the clinical hold on the IND application for deucrictibant, a prophylactic treatment for HAE attacks. This decision came after a review of data from a 26-week rodent toxicology study.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:12 pm

RUM

Rumble Inc. shares have seen an uptick following the announcement of a new partnership with Barstool Sports. This collaboration is expected to bring new content and potentially increase user engagement on Rumble's platform.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:10 pm

CART

Benchmark analyst Mark Zgutowicz has initiated coverage on Maplebear, trading under the ticker CART on NASDAQ, with a Buy rating and a price target of $32.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:09 pm