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XXII

22nd Century Group, Inc. (NASDAQ:XXII), a tobacco products company, announced a new contract manufacturing agreement expected to increase its carton production volumes by over 20%. The contract starts in Q2 2024, aligning with the company's goals to grow its contract manufacturing business and its VLN® franchise focused on tobacco harm reduction. This move is anticipated to scale revenue, improve gross margin, and achieve breakeven operations by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:43 pm

CADL

Candel Therapeutics shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:41 pm

GCTS

Trading of GCT Semiconductor shares has resumed, indicating a return to normal market operations for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:41 pm

SPOT

Spotify Technology's stock is trading higher following Pivotal Research's decision to maintain a Buy rating and increase the price target from $330 to $390.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:40 pm

MDIA

Mediaco shares have resumed trading, indicating a potential shift in market dynamics for the company. This development could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:39 pm

GCTS

Shares of GCT Semiconductor (GCTS) were temporarily halted due to a circuit breaker triggered by a sharp decline, but the stock has since recovered, now showing an increase of 66.8%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:38 pm

CADL

Candel Therapeutics' shares were halted due to a circuit breaker triggered by a 2.81% drop in stock price.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:37 pm

BTCUSD

ETHUSD

Ethereum fell below $3,300 and the global crypto market cap dropped to $2.47 trillion following U.S. jobs data showing a significant increase in nonfarm payrolls. Bitcoin remained above $66,000 despite a slight decline. Pendle was the top gainer, while Ethena and Wormhole were among the top losers in the crypto market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 1:36 pm

CHK

OILT

PXE

SWN

The merger between Chesapeake Energy Corporation (CHK) and Southwestern Energy Company (SWN) is delayed to the second half of 2024 due to an FTC request for additional information. Initially expected to close in Q2 2024, the $7.4 billion all-stock deal faces regulatory scrutiny, extending the HSR Act waiting period. Investors can track these stocks through Invesco Energy Exploration & Production ETF (PXE) and Texas Capital Texas Oil Index ETF (OILT). CHK's stock slightly declined.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 1:35 pm

MDIA

Mediaco shares experienced a significant surge, leading to a trading halt due to a circuit breaker. The stock is currently up by 126.4%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:35 pm