electroCore (NASDAQ:ECOR) Stock, Quote.Headers.trade-ideas

electroCore

electroCore Inc is a commercial stage bioelectronic medicine company with a platform for non-invasive vagus nerve stimulation therapy initially focused on neurology. The company's product gammaCore is Food and Drug Administration cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, the acute treatment of pain associated with migraine headache in adult patients and the prevention of migraine in adult patients, The use of gammaCore by adolescent patients and Treatment of hemicrania continua and paroxysmal hemicrania in adult patients.

Long Ideas

News

Penny Stocks

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

CURO

DBVT

ECOR

The Dow Jones closed lower by over 60 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

DBV Technologies And 3 Other Penny Stocks Insiders Are Buying

Cannabis

electroCore, Inc.’s (NASDAQ: ECOR) gammaCore non-invasive vagus nerve stimulation (“nVNS”) has been selected to be a part of studies on effects of cannabinoids and alternative care on athlete pain management and perfor

NFL-Funded Study: CBD Or Non-Invasive Vagal Nerve Stimulation - Which Is Better To Alleviate Concussion Symptoms

BEEM

CJJD

GETY

GNUS

MLGO

PXMD

SHIP

Potential short squeeze plays gained steam in 2021 and continued through 2022, with new traders looking for the next huge move.

High short interest and a high cost to borrow are among the common traits that could lead to a short squeeze.

10 Short Squeeze Candidates: Getty Images, Genius Brands, Lannett And More

electroCore Inc

ELCORA ADVANCED MAT ORD by Elcora Advanced Materials Corp.

Elcora Advanced Materials Corp

ECORA RESOURCES U/ADR by ECORA RESOURCES PLC

ECORA RESOURCES PLC by ECORA RESOURCES PLC

Ecora Resources PLC

MTDR

Matador Resources Says It Intends To Offer $750M Of Senior Unsecured Notes Due 2033 In A Private Placement To Eligible Purchasers; Company Will Use Net Proceeds From The Offering To Repay Borrowings Outstanding Under Credit Facility

WIIM

United Parcel Service shares are trading lower in sympathy with FedEx which reported worse-than-expected Q1 financial results and cut its FY25 guidance.

Evercore ISI Group analyst David Palmer upgrades Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) from In-Line to Outperform and raises the price target from $165 to $205.

Upgrades

Price Target

Analyst Ratings

Evercore ISI Group Upgrades Darden Restaurants to Outperform, Raises Price Target to $205

Lennar shares are trading lower. The company reported Q3 financial results.

Nike shares are trading higher after the company announced Elliot Hill will take over as the new President and CEO. John Donahoe will retire from his position.

Deutsche Bank analyst Krisztina Katai maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Buy and maintains $92 price target.

Deutsche Bank Maintains Buy on Nike, Maintains $92 Price Target

Constellation Energy shares are trading higher after the company announced it signed a 20-year power purchase agreement with Microsoft.

Senior U.S. officials now reportedly believe that a cease-fire and hostage-release deal between Israel and Hamas is unlikely before the end of President Joe Biden&#8216;s term. 
What Happened: Despite months of negotiations, the White House acknowledges that the warring parties have not agreed on the current framework. Officials cite the ratio of Palestinian prisoners to Hamas-held hostages and recent escalations with Hezbollah as major obstacles, The Wall Street Journal <a href="https://www.wsj.com/world/middle-east/israel-hamas-deal-unlikely-before-end-of-bidens-term-u-s-officials-say-efc21510">reported</a> on Friday.
"No deal is imminent," one of the U.S. officials said. 
"I'm not sure it ever gets done."
National security adviser Jake Sullivan met with the families of American hostages, reiterating that their release remains a priority. However, the families expressed frustration over the lack of progress.
Secretary of State Antony Blinken urged restraint in a speech in France, while National Security Council spokesman John Kirby described the prospects of a deal as &#8220;daunting.&#8221;
Hezbollah leader Hassan Nasrallah declared the recent attacks as a &#8220;declaration of war,&#8221; complicating the situation further. The Biden administration continues to work with mediators Egypt and Qatar to seek a breakthrough.
See Also: <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump In Trouble: Vice President Harris Has Record 6-Point Lead In 2024 Election Poll After Debate, Posts Highest Rankings In Key Demographics</a>
Why It Matters: The conflict between Israel and Hamas has seen numerous attempts at brokering peace, with the U.S. playing a significant role. Recently, <a href="https://www.benzinga.com/news/24/09/40920151/china-slams-us-for-shielding-israel-blocking-gaza-ceasefire-efforts-as-war-nears-1-year">China accused the United States</a> of shielding Israel and blocking ceasefire efforts in Gaza. Chinese diplomats emphasized that ending Israel&#8217;s occupation of Palestinian territories is a &#8220;legal obligation,&#8221; not an option. 
Additionally, Israel has been rocked by large-scale protests <a href="https://www.benzinga.com/news/24/09/40673642/israel-rocked-by-protesters-call-for-immediate-ceasefire-after-hostage-deaths">demanding an immediate ceasefire </a>following the deaths of six hostages in Gaza. Protesters have called on Prime Minister Benjamin Netanyahu to intensify efforts to free the remaining hostages. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Politics

Global

General

Top US Officials Skeptical Of Israel-Hamas Cease-Fire And Hostage Deal Before Biden's Term Ends: Report

General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is recalling nearly 450,000<a href="https://www.benzinga.com/news/earnings/24/07/39904891/general-motors-q2-earnings-revenue-beat-hikes-annual-outlook-but-faces-challenges-in-evs-and-china"> vehicles in the U.S. </a>over concerns that the electronic brake control module software may not show a warning light when a loss of brake fluid occurs, the U.S. National Highway Traffic Safety Administration (NHTSA) said.
What Happened: Loss of brake fluid reduces braking performance. Unless a warning light is issued, the vehicle may be driven with low brake fluid, increasing the risk of a crash, the auto safety regulator said.
The recall population includes both trucks and SUVs: 2023 Chevrolet Silverado 1500, GMC Sierra 1500, 2023-2024 Chevrolet Tahoe, Suburban, GMC Yukon, Yukon XL, Cadillac Escalade, and Escalade ESV. 
As for a solution, the company will update the electronic brake control module software at no cost to the customer.
Why It Matters: Pickup trucks and SUVs are GM&#8217;s major sales segments in the U.S. 
In the first half of 2024, the company sold 281,099 Chevrolet Silverado vehicles, <a href="https://www.benzinga.com/news/24/07/39612749/60-000-cadillac-lyriq-drives-gms-q2-ev-sales-after-bolt-is-discontinued">including EVs</a>, and 148,785 GMC Sierra vehicles. 
The two truck models were the company&#8217;s top-selling models in the first half of 2024, followed by the Equinox SUV. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40952233/gms-cruise-eyes-resuming-robotaxi-operations-in-california-after-long-pause-due-to-pedestrian-accide" target="_blank" rel="noreferrer noopener">GM's Cruise Eyes Resuming Robotaxi Operations In California After Long Pause Due To Pedestrian Accident In 2023</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

GM To Recall Nearly 450K Vehicles Over Inoperative Warning Lights On Loss Of Brake Fluid

The first opinion recommends the approval of KEYTRUDA in combination with carboplatin and paclitaxel, followed by KEYTRUDA as a single agent, for the first-line treatment of adult patients with primary advanced or recurrent endometrial carcinoma who are candidates for systemic therapy.
The second positive opinion recommends the approval of KEYTRUDA in combination with chemoradiotherapy (CRT) for the treatment of FIGO (International Federation of Gynecology and Obstetrics) 2014 Stage III-IVA locally advanced cervical cancer in adults who have not received prior definitive therapy.
The CHMP&#39;s recommendations will now be reviewed by the European Commission for marketing authorization in the European Union (EU), and final decisions are expected in the&nbsp;fourth quarter&nbsp;of 2024.

Merck Says European Medicines Agency's CHMP Adopted Positive Opinions Recommending Approval Of Keytruda (Pembrolizumab), Its Anti-PD-1 Therapy, For Two Indications In Gynecologic Cancers

Baird analyst Jonathan Komp maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Outperform and raises the price target from $100 to $110.

Baird Maintains Outperform on Nike, Raises Price Target to $110

FedEx shares are trading lower after the company reported worse-than-expected Q1 financial results and cut FY25 guidance. Also, Baird maintained an Outperform rating on the stock but lowered its price target from $340 to $320.

The recent drop in mortgage rates hasn&#8217;t sparked the homebuying surge many industry experts anticipated. Instead, potential buyers are holding firm, contributing to what some analysts are calling a &#8220;buyer strike&#8221; in the housing market.
Nick Gerli, CEO of Reventure Consulting, has been monitoring the trend. In a recent YouTube poll conducted by Gerli, an overwhelming 91% of 5,000 respondents indicated that lower mortgage rates wouldn&#8217;t increase their likelihood of purchasing a home.
Don't Miss:
<ul>
<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>This city is the clear winner of Zillow's 2024 Home Value Forecast —<a href="https://www.benzinga.com/money/winner-zillow-2024-home-value-forecast"> No surprise as the number of millionaires there grew by 75% in the last decade.</a></li>
<li>Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a></li>
</ul>
Gerli noted that sentiment is echoed in broader market data. The University of Michigan&#8217;s survey on homebuying sentiment reached a record low in July, with 87% of Americans saying it&#8217;s a bad time to buy a home. The figure surpasses the pessimism seen during the early 1980s when mortgage rates peaked at 18%.
Trending: Elon Musk&#8217;s secret mansion in Austin revealed through court filings.<a href="https://www.benzinga.com/money/elon-musk-secret-mansion-austin-nada"> Here&#8217;s how to invest in the city&#8217;s growth before prices go back up.</a>
&#8220;We&#8217;re dealing with unprecedented negative sentiment around the housing market,&#8221; Gerli said on X (formerly Twitter) last week. He noted that the long-term average of those viewing it as a bad time to buy is typically around 31%.
The reluctance of buyers persists despite the median U.S. monthly housing payment falling to $2,558, a 1.3% decrease from last year, according to recent data from Redfin.
Central to the standoff is the issue of home prices. The median U.S. home sale price stands at $388,085, up 3.7% from the previous year and just below the all-time high set in July, Redfin noted. That price resilience, partly due to limited inventory, has created a deadlock between buyers and sellers.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Gerli points to historical data showing that the <a href="https://www.benzinga.com/real-estate/24/07/39727958/a-massive-bubble-in-the-housing-market-has-developed-and-it-is-about-to-pop-real-estate-executive-sa">current market represents the largest housing bubble</a> in 134 years when adjusting for inflation. &#8220;From 1890 to 1990, inflation-adjusted home prices never breached more than 20% above the long-term norm,&#8221; Gerli explained. &#8220;Everything changed in the 2000s. What changed was Federal Reserve manipulation of interest rates and money printing.&#8221;
Years of low interest rates and quantitative easing following the 2008 financial crisis and the pandemic created <a href="https://www.benzinga.com/real-estate/24/05/38966556/why-home-prices-in-the-u-s-have-surged-by-nearly-50-since-2020">conditions for home prices to surge</a>. Now, with monetary tightening having been in effect for some time, the market is paying for it, Gerli said.
See Also: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
Sellers are sitting on substantial equity – an estimated $32 trillion as of 2024, more than double the peak of the 2006 bubble, the Reventure CEO said. That cushion has made many reluctant to lower prices. Buyers, on the other hand, view current valuations as inflated and unsustainable.
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
The possibility of a recession adds another layer of uncertainty. A sharp rise in unemployment could trigger forced selling and potentially lead to substantial price declines. Gerli highlighted the historical correlation between unemployment rates and mortgage defaults, suggesting a potential increase in housing inventory that many economists may be overlooking.
It's "easier for sellers to simply give up equity, prices to drop 20% and the market to rebalance," Gerli said. However, he acknowledged that seller psychology makes such a straightforward resolution unlikely in the short term.
For now, the housing market remains in a state of tension, with traditional models struggling to predict its next move.&nbsp;
Read Next:
<ul>
<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
</ul>

Real Estate

Mortgage Rates Drop, But Homebuyers Still Say 'No Thanks'– Here's What's Really Behind The Buyer Strike

ZONE

Cleancore Solutions Says Revenue For The Fiscal Year Ended June 30 Was $1.6M Compared To $2.4M For 2023

Baird analyst Eric Coldwell maintains Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) with a Outperform and lowers the price target from $430 to $413.

MEDP

Baird Maintains Outperform on Medpace Hldgs, Lowers Price Target to $413

SLDP

Solid Power Says It Is Selected By U.S. Department Of Energy For Up To $50M Award Negotiation For Continuous Production Of Sulfide-based Solid Electrolyte Materials For Advanced All-solid-state Batteries

Baird analyst Eric Coldwell maintains Labcorp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) with a Outperform and raises the price target from $278 to $282.

Laboratory Corporation Of America Holdings

Baird Maintains Outperform on Labcorp Holdings, Raises Price Target to $282

VinFast Auto Q2 EPS $(0.33) Compared With $(0.24) YoY, Sales Of $357M Rises From $328M YoY

MRNA

CHMP Gave Positive Opinions To Update The Composition Of The Moderna's MRNA Vaccine Spikevax1, To Target SARS-COV-2 JN.1 Variant Of The Virus That Causes Covid-19

Baird analyst Eric Coldwell maintains IQVIA Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IQV#NYSE">IQV</a>) with a Neutral and raises the price target from $251 to $256.

Baird Maintains Neutral on IQVIA Hldgs, Raises Price Target to $256

In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on Electrocore (ECOR – Research Report), with a price tar...

Electrocore's Strong Q1 Performance and Growth Potential Affirm Buy Rating

electroCore announces $9.3M registered direct offering and concurrent private placements

An announcement from Electrocore (ECOR) is now available. ElectroCore, Inc. has secured an investment deal through a Registered Direct Offering and...

ElectroCore Bolsters Finances with Strategic Investment Deals

electroCore set to join Russell Microcap Index

electroCore files to sell 1.9M shares by holders

The latest announcement is out from Electrocore (ECOR). ElectroCore, Inc. has reclassified F. Peter Cuneo from a Class III director to a Class I di...

Electrocore Director's Term Extended and New Consulting Role

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
electroCore (NASDAQ:<a href="https://investorplace.com/stock-quotes/ecor-stock-quote/">ECOR</a>) just reported results for the second quarter of 2024.<ul><li>electroCore reported earnings per share of -38 cents. This was above the analyst estimate for EPS of -44 cents.</li><li>The company reported revenue of $6.14 million.</li><li>This was 10.41% better than the analyst estimate for revenue of $5.56 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/ecor-stock-earnings-electrocore-for-q2-of-2024/">ECOR Stock Earnings: electroCore Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ECOR Stock Earnings: electroCore Beats EPS, Beats Revenue for Q2 2024

H.C. Wainwright analyst Swayampakula Ramakanth maintained a Buy rating on Electrocore (ECOR – Research Report) today and set a price target of $15....

Buy Rating Affirmed for Electrocore Amidst Strong Financials and Strategic Growth Initiatives

electroCore, Inc. (ECOR) Q2 2024 Earnings Call Transcript

Electrocore ( ($ECOR) ) has provided an update. ElectroCore, Inc. announced the retirement of CFO Brian M. Posner, effective October 4, 2024, who w...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

electroCore

electroCore (ECOR) Forecast

electroCore (NASDAQ:ECOR) Stock, Quote.Headers.trade-ideas