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XAIR

Beyond Air's Director, Robert Carey, disclosed the purchase of 1.2 million shares at an average price of $1.635 per share through a Form 4 filing on Tuesday.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:19 pm

SCS

Steelcase Inc. (NYSE:SCS) stock fell in after-hours trading following the release of their mixed Q3 financial results. While adjusted earnings per share of $0.30 exceeded analyst estimates of $0.23, revenue of $777.9 million fell short of the expected $796.425 million. The company saw a 6% decline in revenue compared to the previous year but reported a 15% increase in orders. Steelcase anticipates Q4 adjusted earnings per share to be between $0.19 and $0.23, with revenue projections of $765 million to $790 million, compared to an estimate of $789.05 million. The company's liquidity improved, reaching $424.6 million.

Portfolio Pulse from Ryan Gustafson

December 19, 2023 | 10:16 pm

RSP

The Invesco S&P 500 Equal Weight ETF (RSP) has experienced a significant rally, rising nearly 19% from a 52-week low of $133.34 to a 52-week high of $158.25 in just 33 trading days. This performance is notable as it is the fastest such rally since 1957, except for one instance in September 1982. The equal-weighted approach of RSP means that all companies in the S&P 500, regardless of size, have the same impact on the ETF's performance. This rally suggests a potential for a strong market move in 2024, following a 23% increase year-to-date after a nearly 20% drop in 2022.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 10:09 pm

ALT

DIA

EYPT

HA

IWM

QQQ

SPY

The Russell 2000 index, tracked by the iShares Russell 2000 ETF (IWM), has hit a 16-month high, outperforming large-cap indices in December with an 11.4% surge. Over 80% of the small-cap stocks in the index are trading above their 50-day moving averages, indicating broad strength. In contrast, the SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) saw smaller gains. Top gainers in the Russell 2000 include EyePoint Pharmaceuticals (EYPT), Hawaiian Holdings (HA), Altimmune (ALT), 2seventy bio (TSVT), Aurora Innovation (AUR), Carvana (CVNA), Purple Innovation (PRPL), Marathon Digital Holdings (MARA), MBIA (MBI), and Century Therapeutics (IPSC).

Portfolio Pulse from Piero Cingari

December 19, 2023 | 10:05 pm

MMV

MultiMetaVerse (MMV) reported a total net revenue of $5.5 million for the half year, marking a 31% decrease compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:05 pm

NHWK

Nighthawk Biosciences has filed for a mixed shelf offering allowing it to raise up to $200 million. Additionally, the company has filed an at-market offering prospectus for the potential sale of up to $4.04 million of its common stock over time, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:01 pm

SPEC

Spectaire, presumably trading under the symbol SPEC, has received a deficiency notification from Nasdaq due to non-compliance with the Minimum Value of Publicly Held Shares (MVPHS) Rule. The company has until June 12, 2024, to regain compliance as per Nasdaq Listing Rule 5810(c)(3)(D).

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:00 pm

AAPL

AMZN

CRWD

CYBR

DIS

GOOG

GOOGL

MAGS

META

MSFT

NVDA

PANW

QQQ

TENB

TSLA

ZS

Wedbush analyst Daniel Ives predicts major developments in the tech sector for 2024, including AI going mainstream, Apple introducing an AI App Store, increased M&A activity, Tesla launching a sub-$30K vehicle, tech stocks rising by 25%, Apple potentially acquiring ESPN, cybersecurity being the top sub-sector, the 'Magnificent 7' leading tech growth, Musk advancing the super-app concept for X, and Apple and Microsoft reaching $4 trillion market caps.

Portfolio Pulse from Chris Katje

December 19, 2023 | 9:55 pm

ACON

Aclarion, Inc. (ACON) stock is trading higher following the grant of U.S. patent #11844601 for an MR spectroscopy system designed to diagnose painful and non-painful intervertebral discs, which could be significant for severe low back pain diagnosis.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:48 pm

CCO

Clear Channel Outdoor has reaffirmed its guidance for both the fourth quarter and the full year of 2023, indicating confidence in meeting its financial targets.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:47 pm