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ADAG

BFRG

BIOR

CATX

CMPX

COEP

INVO

PASG

PTPI

TLPH

VRPX

WINT

In Wednesday's after-market session, several healthcare stocks experienced significant movements. Talphera (TLPH) saw a 10.5% increase, while Virpax Pharmaceuticals (VRPX) dropped by 13%. Other notable gainers include Windtree Therapeutics (WINT), Passage Bio (PASG), Bullfrog AI Hldgs (BFRG), Biora Therapeutics (BIOR), and Coeptis Therapeutics (COEP). On the losing side, Adagene (ADAG), Perspective Therapeutics (CATX), INVO Bioscience (INVO), Compass Therapeutics (CMPX), and Petros Pharma (PTPI) saw declines ranging from 7.57% to 11.26%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:31 pm

FTCI

HTZ

IDEX

JAN

MESA

MKFG

MRT

NXU

PLUG

RMCO

WLGS

XPON

In Wednesday's after-market session, several industrial stocks saw significant movements. Mesa Air Group, Expion360, FTC Solar, Hertz Global Holdings, WANG & LEE Group, and Ideanomics experienced gains, while Plug Power, Nxu, Marti Techs, Royalty Management Holdings, Markforged Holding, and JanOne faced declines. The movements reflect changes in investor sentiment and market dynamics affecting these companies' valuations.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:31 pm

BAC

Bank of America CEO Brian Moynihan discussed the outlook for 2024 at the World Economic Forum in Davos. He expects demand for commercial loans to recover as the financial environment stabilizes. Moynihan downplayed the risk of a commercial real estate market crash, describing the decline in demand for corporate office space as a 'slow burn.' He also predicted four interest rate cuts in 2024, bringing the Federal Reserve funds rate to around 3%, which is less than the market's expectation of six or seven cuts. Moynihan emphasized the role of innovation and corporate investment in driving the economy.

Portfolio Pulse from Erica Kollmann

January 17, 2024 | 9:30 pm

ACNNF

CRBP

GENE

OGI

UGRO

XXII

On January 17, 2024, several cannabis stocks experienced significant price movements. AusCann Group Holdings led the gainers with a 187.50% increase, while MedMen Enterprises and GreenGro Technologies were the biggest losers, both dropping by over 99%. Other notable gainers include Khiron Life Sciences and Maple Leaf Green World, with increases of 54.29% and 32.45%, respectively. Among the losers, 22nd Century Group and OrganiGram Holdings saw declines of 14.72% and 7.89%. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:30 pm

SND

Smart Sand Inc has filed with the SEC for a mixed shelf offering allowing it to sell various securities up to $200 million. Additionally, the filing includes an offering of up to 8.16 million shares of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:23 pm

BHG

Bright Health Group, Inc. has rebranded to NeueHealth and will trade under the new ticker symbol 'NEUE' on the NYSE starting January 29, 2024. The company focuses on value-driven, consumer-centric healthcare through its NeueHealth business, serving over 500,000 health consumers and partnering with 3,000 providers. NeueHealth includes NeueCare and NeueSolutions segments, aiming to enhance care coordination and maximize value. The corporate headquarters will move from Minneapolis to Doral, Florida, leveraging its strong presence in the state through various clinics.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:18 pm

NVEC

NVE Corporation reported a decrease in earnings and revenue for Q3 2023 compared to the same quarter last year, with EPS at $0.87 versus $0.88 and revenue at $6.76M versus $7.4M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:16 pm

OKE

ONEOK, Inc. has announced the authorization of a $2 billion share repurchase program. This move indicates the company's confidence in its financial stability and future prospects. Share repurchase programs are often seen as a positive signal to the market, suggesting that the company believes its shares are undervalued and that it is committed to delivering value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:16 pm

Alcoa Corporation (NYSE:AA) reported Q4 earnings with an EPS of $-0.56, beating estimates by 28.21% against the expected $-0.78. However, revenue declined by $68 million compared to the same period last year. In the previous quarter, a miss on EPS estimates led to an 8.6% drop in share price the following day. Alcoa's past earnings performance shows mixed results with both beats and misses on EPS estimates.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:15 pm

TALO

Talos Energy has initiated a $300 million underwritten public offering of its common stock. This move is aimed at raising capital, potentially for corporate activities such as funding operations, acquisitions, or paying down debt. The offering's size indicates a significant capital inflow for the company, which could dilute existing shareholders but also provide the company with more resources to invest in growth or improve its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:14 pm