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NVAX

Novavax shares declined after the FDA placed a clinical hold on its investigational new drug application for COVID-19-influenza combination and standalone influenza vaccine candidates.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:10 pm

DBGI

JDZG

MSN

TCS

THCH

UCAR

In Wednesday's pre-market session, several consumer discretionary stocks experienced significant movements. Container Store Group (TCS) saw a notable increase of 41.5%, while Digital Brands Group (DBGI) faced a decline of 21.0%. Other gainers included Emerson Radio (MSN) and U Power (UCAR), whereas Jiade (JDZG) and TH International (THCH) were among the losers.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:10 pm

ABVC

ASMB

BDRX

CTCX

DWTX

INVO

NIVF

NRBO

NVAX

NVCR

TPST

WINT

The article highlights significant pre-market movements in health care stocks on Wednesday. Notable gainers include Biodexa Pharmaceuticals, Carmell, Tempest Therapeutics, NovoCure, NeuroBo Pharmaceuticals, and Windtree Therapeutics. On the losing side, Novavax, Assembly Biosciences, Dogwood Therapeutics, INVO Bioscience, NewGenIvf Group, and ABVC BioPharma experienced declines.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:10 pm

BURU

GRFX

JBHT

LNZA

SPPL

Several industrial stocks experienced significant price movements in Wednesday's pre-market session. Notable gainers include Nuburu, LanzaTech Global, and JB Hunt Transport Services, while Simpple and Graphex Group were among the losers.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:10 pm

AIXI

IVDA

PENG

PHUN

ZPTA

In Wednesday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included XIAO-I, Iveda Solutions, and Phunware, while Penguin Solutions and Zapata Computing Holdings were among the losers.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:09 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) is expanding into AI-driven SaaS with a new platform for app design and monetization, targeting a mid-2025 launch. The company aims to leverage generative AI to simplify mobile app creation, reduce costs, and enhance user engagement. Phunware has seen significant growth in bookings and plans to expand its digital advertising and voter engagement businesses.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:06 pm

Morgan Stanley reported strong Q3 earnings with an adjusted EPS of $1.88, beating expectations. The bank's net earnings rose by 33% to $3.2 billion, and sales increased by 15.9% to $15.38 billion. Institutional Securities and Wealth Management showed significant growth, with total client assets surpassing $7.5 trillion. The stock rose 3.70% in premarket trading.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 12:04 pm

CRBP

Corbus Pharmaceuticals has completed enrollment for the dose escalation stage of its Phase 1 trial for the Nectin-4 targeting ADC CRB-701. Initial data from this trial is expected in the first quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:04 pm

ULTA

Ulta Beauty has announced its long-term growth strategy at the 2024 Investor Day, which includes opening 200 new stores, expanding its loyalty program to 50 million members by 2028, and enhancing its beauty and wellness offerings. The company reaffirmed its FY24 guidance with net sales between $11.0B-$11.2B and a $3B share repurchase plan, targeting long-term EPS growth.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:02 pm

ASML

SOXL

SOXS

ASML's accidental early release of its Q3 earnings report negatively impacted the tech sector, causing a 1% drop in the Nasdaq index. The report revealed a downward revision in ASML's 2025 net sales guidance, leading to bearish sentiment in the options market. This situation has brought attention to Direxion's leveraged ETFs, SOXL and SOXS, which are designed for short-term trading in the semiconductor sector.

Portfolio Pulse from Joshenomoto@benzinga.com

October 16, 2024 | 12:02 pm