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CADL

Candel Therapeutics' shares were halted due to a circuit breaker triggered by a significant upside movement, with the stock now up 14.7%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:09 pm

BYND

HYG

LQD

The U.S. corporate bond market showed mixed performance in Q1 2024, with high-grade bonds slightly down and high-yield bonds up, as indicated by LQD and HYG ETFs respectively. Top performers included bonds from Macy's, Ally Financial, and Beyond Meat, with Beyond Meat's bonds notably outperforming its shares due to improved revenue and cost-cutting measures.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 2:09 pm

LHX

L3Harris Technologies Inc (NYSE:LHX) is selling its antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million, aligning with its strategy to refine its portfolio by divesting non-core assets. The deal includes $175 million in cash and a $25 million seller note, with proceeds expected to be used in line with the company's capital allocation plans. The divested assets are part of the Space & Airborne Systems segment and employ about 375 people. The transaction is anticipated to close this quarter, pending customary closing conditions and regulatory approvals. LHX shares dropped 1.45% to $206.54 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 2:09 pm

MDIA

Trading of Mediaco shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:07 pm

ARDX

Ardelyx shares surged following an Outperform rating and a $14 price target initiation by Leerink Partners. This endorsement suggests a positive outlook for Ardelyx's stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:06 pm

ATUS

Altice USA's stock (ATUS) trades lower following a downgrade by Wells Fargo from Equal-Weight to Underweight, with a price target reduction from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:05 pm

IYG

MA

V

XLF

Mastercard Inc (NYSE:MA) announced new partnerships with brands like Alo Moves, Booking.com, and Lyft to enhance credit card rewards, coinciding with an upcoming fee hike. The partnerships aim to provide value in health & wellness, travel, and lifestyle sectors, reflecting consumer demand for rewards. Mastercard's research shows 87% of American consumers value credit card rewards highly. The company also plans to increase its 'assessment' fee from 0.13% to 0.14%, which is expected to generate an additional $259.1 million in fees. Mastercard's stock has risen 30% over the last 12 months, and it can be accessed through ETFs like IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 2:04 pm

MDIA

Mediaco shares experienced a significant surge, leading to a trading halt due to a circuit breaker trigger. The stock is currently up by 245%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:02 pm

GOOGL

HUBS

Hubspot shares are experiencing an increase in value due to ongoing positive momentum, which has been further fueled by reports that Alphabet is considering making an offer to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:00 pm

CWST

Casella Waste Systems (CWST) has seen a 9.51% increase in short interest since its last report, with 1.63 million shares sold short, representing 2.88% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 3.37%. The article suggests monitoring short interest as it can reflect market sentiment and potentially impact stock performance.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:00 pm