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Why Is Nano-Cap MiNK Therapeutics Stock Gaining Over 400% On Friday?
Benzinga· 2025-07-11 16:33
Core Insights - MiNK Therapeutics, Inc. is experiencing a significant increase in stock price, with INKT stock rising 471.3% to $44.16 [7] - The company is focused on developing allogeneic, off-the-shelf invariant natural killer T (iNKT) cell therapies, with promising clinical results reported [2] Clinical Developments - A landmark case published in Nature's Oncogene reported a complete and durable remission in a patient with metastatic, treatment-refractory testicular cancer after receiving a single infusion of agenT-797 combined with Bristol-Myers Squibb's Opdivo [2][3] - The patient showed no evidence of disease over two years, with donor iNKT cells detectable for up to six months post-infusion, and the treatment was well-tolerated without severe side effects [4] - Data from a Phase 2 trial in 2L gastric cancer presented at the 2025 AACR Immuno-Oncology meeting indicated immune activation and early signs of tumor control in patients previously resistant to checkpoint inhibitors, with some patients surviving beyond 12 months [5] - A separate peer-reviewed case report noted a patient with metastatic gastric cancer achieving a 42% tumor reduction and over nine months of progression-free survival following a single infusion of agenT-797 combined with nivolumab [6] Market Activity - The trading volume for INKT stock reached 20.2 million, significantly higher than the average volume of 7.5 million [1]
Netflix's Squid Game Reality Show Gets Season 2 Date: $4.56 Million Prize Without The Killing
Benzinga· 2025-07-11 16:16
Netflix Inc. NFLX is giving fans of its smash-hit series "Squid Game" something new — but instead of a spinoff or new storyline, it's a second season of the reality competition.What Happened: After a record-breaking third and final season of "Squid Game," the main storyline of the hit show is done. Fans are hoping for spinoffs and a U.S. version of the show.While fans await those details, Netflix did share updates on the reality competition based on the hit show."Squid Game: The Challenge" will air a second ...
The Tesla That Flies? Archer Is Ready For Liftoff On Trump's Defense Boom
Benzinga· 2025-07-11 16:12
Core Insights - Archer Aviation Inc. is positioned as a key player in next-generation military technology, particularly in drone fleets, autonomous logistics, and electric vertical takeoff and landing aircraft (eVTOLs) [1][2] - The company has established partnerships with the U.S. Air Force through the AFWERX program, indicating its strategic positioning in both civilian and military applications [2] - Archer's Midnight aircraft is designed for tactical mobility, emphasizing low noise and rapid deployment capabilities for emergency transport and supply delivery in urban warfare scenarios [3][4] Industry Context - The current defense landscape is shifting towards innovative technologies, with a focus on leaner and more mobile defense platforms, which could benefit companies like Archer [4][5] - The emphasis on American-made defense innovation under the Trump administration may create a favorable environment for Archer, positioning it as an essential investment opportunity [5]
Quantum Stock Watch: ZenaTech's AI-Drone Framework, MicroCloud Hologram Investments Make Waves
Benzinga· 2025-07-11 14:58
Core Insights - Quantum computing stocks are gaining investor attention due to their potential and associated risks in the emerging industry [1] Company Developments - ZenaTech, Inc. announced the successful development of its first quantum computing prototype aimed at analyzing large datasets for AI drone solutions, with shares rising 12.8% on Friday and nearly 35% over the past five days [2][4] - MicroCloud Hologram, Inc. introduced a multi-qubit quantum state sharing scheme for efficient quantum resource utilization and announced a $200 million investment in Bitcoin and related fields, leading to a surge in its stock [5][6] - MicroAlgo Inc. is developing a Grover-based quantum algorithm technology to find Nash equilibria in graphical games, aiming to expand its application in quantum computing [7] - IonQ, Inc. raised $1 billion through an equity offering and had its price target increased from $50 to $55, positioning itself as a leader in quantum computing and networking [8] - IonQ was selected as the core technology provider for a project to develop Korea's first Quantum Computing Center of Excellence [8] - Quantum Computing, Inc. and other pure-play quantum companies like D-Wave Quantum, Inc. and Rigetti Computing, Inc. experienced stock declines, with QUBT down 11% and QBTS down 5.84% over the past five days [9]
Capricor's Lead Duchenne Therapy Hits FDA Regulatory Roadblock
Benzinga· 2025-07-11 13:03
Core Viewpoint - Capricor Therapeutics Inc. received a Complete Response Letter (CRL) from the FDA regarding its Biologics License Application (BLA) for Deramiocel, indicating that the application cannot be approved in its current form due to insufficient evidence of effectiveness and the need for additional clinical data [1][2]. Group 1: FDA Response and Requirements - The FDA stated that the BLA does not meet the statutory requirement for substantial evidence of effectiveness and that additional clinical data is needed [2]. - The CRL referenced outstanding items in the Chemistry, Manufacturing and Controls (CMC) section, which Capricor claims to have addressed in prior communications, but the FDA did not review these materials due to the timing of the CRL issuance [3]. Group 2: Next Steps and Company Plans - The FDA confirmed that it will restart the review clock upon resubmission and offered Capricor the opportunity to request a Type A meeting to discuss the path forward [4]. - Capricor plans to submit data from the Phase 3 HOPE-3 clinical trial to provide additional evidence of effectiveness, with topline results expected in the third quarter of 2025 [5]. Group 3: Market Reaction - Following the news, CAPR stock is down 37.4% at $7.14 during the premarket session [6].
How To Earn $500 A Month From Citigroup Stock Ahead Of Q2 Earnings
Benzinga· 2025-07-11 12:21
Core Viewpoint - Citigroup's upcoming earnings report reflects a broader trend of renewed investor confidence in financial institutions, with anticipated earnings growth and a solid dividend yield making it attractive for income-seeking investors [1] Earnings Expectations - Analysts expect Citigroup to report quarterly earnings of $1.63 per share, an increase from $1.52 per share in the same period last year [2] - Projected quarterly revenue is $20.83 billion, compared to $20.14 billion a year earlier [2] Analyst Ratings - Truist Securities analyst John McDonald maintained a Buy rating for Citigroup and raised the price target from $84 to $93 [2] Dividend Information - Citigroup currently offers an annual dividend yield of 2.57%, translating to a quarterly dividend of 56 cents per share, or $2.24 annually [3] - To achieve a monthly dividend income of $500, an investor would need approximately 2,679 shares, equating to a total investment of about $233,287 [4] - For a more conservative monthly income goal of $100, an investor would need 536 shares, or an investment of $46,675 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on changes in stock price and dividend payments [5][6] - For example, if the stock price increases, the dividend yield decreases, and vice versa [5] Stock Performance - Citigroup shares gained 1.5%, closing at $87.08 [6]
How To Trade SPY, Top Tech Stocks Using Technical Analysis
Benzinga· 2025-07-11 12:21
Market Overview - Today's economic calendar lacks significant data releases, leading to a quieter market backdrop and potentially lower volatility unless external factors intervene [19] - Participants are advised to monitor emerging headlines concerning geopolitical developments or tariff discussions between Canada and the US, as these could impact sentiment in sectors like manufacturing and trade-sensitive industries [19] SPDR S&P 500 ETF Trust (SPY) - SPY is trading near the important level of 622.50, with bullish targets set at 623.75 and 625.29, and an ultimate target of 626.99 [2] - If SPY fails to hold above 622.50, sellers will target 621.44, with further downside potential reaching 618.41 and a lowest target of 616.86 [3] Invesco QQQ Trust Series 1 (QQQ) - QQQ is currently at a pivotal level of 552.63, with bullish targets at 554.56 and 557.04, and a top target of 563.72 [4] - A failure to maintain 552.63 could lead to a decline towards 550.88, with further support at 549.74 and a lowest target of 547.01 [5] Apple Inc. (AAPL) - AAPL is trading near the crucial level of 210.47, with initial bullish targets at 211.78 and 213.10, and a high-end target of 214.73 [6] - If the support at 210.47 is compromised, sellers will target 209.47, with further downside potential reaching 207.21 [7] Microsoft Corp. (MSFT) - MSFT is near the highlighted level of 499.10, with bullish targets at 500.90 and 502.77, and a daily target of 505.21 [8] - A breakdown below 499.10 could lead to targets at 497.93, 496.38, and a lowest target of 493.49 [9] NVIDIA Corporation (NVDA) - NVDA is trading around the critical level of 162.79, with bullish targets at 163.83 and 165.20, and a top target of 168.20 [11] - If unable to hold above 162.79, bearish targets include 160.59, 159.08, and a lowest target of 156.78 [12] Alphabet Inc Class A (GOOGL) - GOOGL is close to the significant level of 176.56, with bullish targets at 177.61 and 179.48 [13] - A failure to protect 176.56 could lead to bearish targets at 175.45, 174.34, and a lowest target of 172.61 [14] Meta Platforms Inc (META) - META is trading near the key level of 722.14, with bullish targets at 724.85 and 726.80, and a target of 732.09 [15] - If support at 722.14 fails, sellers will target 718.23, with further downside potential reaching 715.77 and a lowest target of 713.77 [16] Tesla Inc. (TSLA) - TSLA is around the significant price level of 308.20, with bullish targets at 310.48 and 314.16, and a maximum target of 322.34 [17] - If the support at 308.20 is compromised, sellers will target 306.36, with further downside potential reaching 303.13 [18]
Frequency Electronics, Capricor Therapeutics And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Benzinga· 2025-07-11 12:20
Group 1 - U.S. stock futures are lower, with Dow futures down approximately 300 points [1] - Frequency Electronics, Inc. reported fourth-quarter earnings of 34 cents per share, an increase from 28 cents per share year-over-year [1] - Frequency Electronics' sales rose to $19.986 million from $15.576 million [1] Group 2 - Frequency Electronics shares fell 5.4% to $21.44 in pre-market trading [2] - Capricor Therapeutics, Inc. shares declined 44% to $6.39 following a regulatory update on Deramiocel BLA for Duchenne Muscular Dystrophy [4] - Youlife Group Inc. shares fell 23.2% to $3.84 after an 82% drop on Thursday [4] - Civista Bancshares, Inc. shares dipped 12.5% to $21.72 after announcing a public offering of common shares [4] - Resolute Holdings Management, Inc. shares fell 9.5% to $36.01 after a previous gain of over 3% [4] - Scage Future shares decreased by 7.7% to $6.19 [4] - Albemarle Corporation shares fell 4% to $71.67 after a 5% gain on Thursday [4]
Cramer Says Okta Is Solid—But There's One Cybersecurity Stock He Prefers
Benzinga· 2025-07-11 12:09
Group 1: Investment Recommendations - Jim Cramer recommended buying SoFi Technologies, Inc. (SOFI) as it plans to allow retail clients to invest in companies like SpaceX, OpenAI, and Epic Games [1] - Cramer expressed a preference for CrowdStrike Holdings, Inc. (CRWD) over Okta, Inc. (OKTA), despite Okta's strong first-quarter revenue of $688 million, which exceeded analyst estimates [2] - Cramer suggested waiting for a pullback in Lincoln Electric Holdings, Inc. (LECO) shares before buying [4] Group 2: Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained an Outperform rating for American Express Company (AXP) and raised the price target from $360 to $371 [3] - Truist Securities also maintained a Buy rating for American Express and increased the price target from $335 to $340 [3] - BMO Capital analyst Ryan Griffin initiated coverage on Fair Isaac Corporation (FICO) with an Outperform rating and set a price target of $2,000 [3] Group 3: Company Performance and Stock Movements - SoFi shares increased by 3.7% to settle at $20.97 [7] - Okta shares decreased by 4.8% to close at $94.41 [7] - American Express shares rose by 2.5% to close at $325.24 [7] - Fair Isaac shares fell by 0.5% to settle at $1,584.38 [7] - Lincoln Electric shares increased by 1.4% to close at $223.47 [7] - Campbell's Company (CPB) reported better-than-expected third-quarter results, although its shares slipped by 0.8% to settle at $30.49 [4][7]
GE Aerospace Rises 2.1% After Key Trading Signal
Benzinga· 2025-07-11 11:42
Core Insights - GE Aerospace Inc. (GE) experienced a significant trading signal known as Power Inflow at a price of $247.43, indicating a potential uptrend and a bullish sign for traders [1][4][6] - The Power Inflow is a crucial indicator for traders, particularly those utilizing order flow analytics to gauge institutional activity and market direction [1][2][3] Order Flow Analytics - Order flow analytics involves analyzing the volume rate of buy and sell orders, including their size and timing, to make informed trading decisions [2] - This analysis helps traders identify market conditions and potential trading opportunities, enhancing their trading performance [5] Market Activity - The Power Inflow typically occurs within the first two hours of market opening and is indicative of the stock's overall direction for the day, driven by institutional activity [3] - Following the Power Inflow, GE's stock reached a high price of $252.59 and a close price of $252.38, resulting in returns of 2.1% and 2% respectively [6]