Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user!
New Age Beverages Corp NBEV stock gained nearly 20 percent early Thursday morning. The Colorado-based beverage company saw its stock soar 45 percent Wednesday afternoon in reaction to reports the company said it tested a cannabis-themed beverage in its home state.
Technology Select Sector SPDR Fund XLK was trading nearly flat after a down day Wednesday in reaction to Congressional hearings with Twitter, Inc. TWTR and Facebook, Inc. FB.
Novartis AG (ADR) NVS was trading flat despite the company receiving approval from Health Canada for its Car T-cell therapy called Kymriah which is used to fight cancer cells. Separately, the company said it reached an agreement to sell partf of its Sandoz dermatology business for $900 million in cash to Aurobindo Pharma.
Five Below Inc FIVE could see increased volatility ahead of the retailer's earnings report after Thursday's close. The company is expected to earn 38 cents per share in the second quarter on revenue of $334.84 million and has beaten both EPS and revenue estimates over the past six quarters.
Renmin Tianli Group Inc ABAC was trading higher by more than 30 percent on no company specific or industry-wide news. The China-based hog farming company is a nano-cap low-float company, which has seen notable price movements in either directions over the past few months.
Related Links:
The Daily Biotech Pulse: Novartis Divestment, Eyepoint's Drug Gets Coverage, Spectrum's Robust Data
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
