Dj Painreform Ltd. (Prfx) Halted Due To Pending News

Health care stocks were higher late Wednesday afternoon, with the NYSE Health Care Index up 0.8% and the Health Care Select Sector SPDR Fund (XLV) adding 0.9%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, PainReform's shares tumbled 26% after the company blamed an "incoherence of data" for unclear results in the latter portion of a phase 3 trial evaluating its PRF-110 drug candidate as a non-opioid alternative treatment for post-surgical pain.

Hoth Therapeutics said Wednesday its board approved the purchase of up to $1 million in bitcoin. The biopharmaceutical company's shares popped 3.1%.

Inspire Medical Systems shares jumped 5% after BofA Securities upgraded the company's stock to buy from neutral, with a $255 price target.

Eyenovia (EYEN) shares sank 21% after the company reported talks over a potential restructuring.

Health care stocks were higher late Wednesday afternoon, with the NYSE Health Care Index up 0.8% and the Health Care Select Sector SPDR Fund (XLV) adding 0.9%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, PainReform's shares tumbled nearly 26% after the company blamed an "incoherence of data" for unclear results in the latter portion of a phase 3 trial evaluating its PRF-110 drug candidate as a non-opioid alternative treatment for post-surgical pain.

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 100 points on Wednesday.

The Dow traded down 0.27% to 43,153.13 while the NASDAQ fell 0.88% to 18,820.86. The S&P 500 also fell, dropping, 0.63% to 5,879.70.

Check This Out: Jim Cramer Likes Devon Energy, But Calls Another Stock ‘Far Superior‘

Leading and Lagging Sectors

Health care shares rose by 0.7% on Wednesday.

In trading on Wednesday, consumer discretionary shares fell by 1.2%.

Top Headline

The EIA said crude oil inventories in the U.S. increased by 0.545 million barrels in the week ended Nov. 15, compared to market estimates of a 0.4 million gain.

Equities Trading UP

• Quantum-Si incorporated shares shot up 120% to $1.3941 after the company announced a distribution agreement with Avantor for next-generation protein sequencing portfolios for researchers.
• Shares of Williams-Sonoma, Inc. got a boost, surging 28% to $175.78 after the company reported better-than-expected third-quarter financial results.
• Forte Biosciences, Inc. shares were also up, gaining 124% to $12.57 after the company secured $53 million in oversubscribed private placement to advance FB102 clinical programs across autoimmune indications, with key data readouts expected in 2025.

Equities Trading DOWN

• X3 Holdings Co., Ltd. shares dropped 38% to $1.0299. The company announced a 1-for-20 reverse stock split.
• Shares of PainReform Ltd. were down 27% to $1.0299 after the company announced initial topline data for PRF-110 Phase 3 clinical trial.
• Volato Group, Inc. was down, falling 24% to $0.3580. Volato reported $40.3 million in revenue and confirmed NYSE acceptance of compliance plan in third quarter 10-Q.

Commodities

In commodity news, oil traded down 0.4% to $69.10 while gold traded up 0.9% at $2,655.40.

Silver traded down 0.4% to $31.130 on Wednesday, while copper rose 0.3% to $4.1560.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 fell 0.02%, Germany's DAX declined 0.29% and France's CAC 40 fell 0.43%. Spain's IBEX 35 Index rose 0.01%, while London's FTSE 100 fell 0.17%.

Construction output in the Eurozone fell by 1.6% year-over-year in September compared to a 2.5% decline in the previous month. Producer prices in Germany fell by 1.1% year-over-year in October.

UK's producer prices declined by 0.8% year-over-year in October versus a revised 0.6% fall in September. Annual inflation rate in the UK rose to 2.3% in October from 1.7% in September.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.16%, Hong Kong's Hang Seng Index gaining 0.21% and China's Shanghai Composite Index gaining 0.66%.

Japan's trade deficit shrank to JPY 461.25 billion in October compared to JPY 702.86 in the year-ago month.

Economics

• Mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.
• The EIA said crude oil inventories in the U.S. increased by 0.545 million barrels in the week ended Nov. 15, compared to market estimates of a 0.4 million gain.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling by more than 100 points on Wednesday.

The Dow traded down 0.18% to 43,188.94 while the NASDAQ fell 0.71% to 18,853.10. The S&P 500 also fell, dropping, 0.64% to 5,879.40.

Check This Out: Jim Cramer Likes Devon Energy, But Calls Another Stock ‘Far Superior‘

Leading and Lagging Sectors

Energy shares rose by 0.4% on Wednesday.

In trading on Wednesday, consumer discretionary shares fell by 0.9%.

Top Headline

TJX Companies, Inc. reported better-than-expected earnings for its third quarter on Wednesday

The company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion. TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company's plan, driven entirely by higher customer transactions.

TJX Companies expects fourth-quarter GAAP EPS to be between $1.12 and $1.14, below the consensus estimate of $1.17. For the fourth quarter, the company continues to expect consolidated comparable store sales to be up 2% to 3%.

For FY25, the company revised its GAAP EPS forecast to $4.15 – $4.17, slightly above the prior guidance of $4.09 – $4.13 and in line with the consensus of $4.16.

Equities Trading UP

• Quantum-Si incorporated shares shot up 120% to $1.3950 after the company announced a distribution agreement with Avantor for next-generation protein sequencing portfolios for researchers.
• Shares of Williams-Sonoma, Inc. got a boost, surging 26% to $173.19 after the company reported better-than-expected third-quarter financial results.
• Forte Biosciences, Inc. shares were also up, gaining 161% to $14.52 after the company secured $53 million in oversubscribed private placement to advance FB102 clinical programs across autoimmune indications, with key data readouts expected in 2025.

Equities Trading DOWN

• X3 Holdings Co., Ltd. shares dropped 33% to $0.0965. The company announced a 1-for-20 reverse stock split.
• Shares of PainReform Ltd. were down 25% to $1.0500 after the company announced initial topline data for PRF-110 Phase 3 clinical trial.
• Volato Group, Inc. was down, falling 23% to $0.3601. Volato reported $40.3 million in revenue and confirmed NYSE acceptance of compliance plan in third quarter 10-Q.

Commodities

In commodity news, oil traded up 0.2% to $69.50 while gold traded up 0.8% at $2,652.10.

Silver traded down 0.1% to $31.245 on Wednesday, while copper rose 0.4% to $4.1590.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.12%, Germany's DAX declined 0.35% and France's CAC 40 fell 0.40%. Spain's IBEX 35 Index fell 0.27%, while London's FTSE 100 fell 0.27%.

Construction output in the Eurozone fell by 1.6% year-over-year in September compared to a 2.5% decline in the previous month. Producer prices in Germany fell by 1.1% year-over-year in October.

UK's producer prices declined by 0.8% year-over-year in October versus a revised 0.6% fall in September. Annual inflation rate in the UK rose to 2.3% in October from 1.7% in September.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.16%, Hong Kong's Hang Seng Index gaining 0.21% and China's Shanghai Composite Index gaining 0.66%.

Japan's trade deficit shrank to JPY 461.25 billion in October compared to JPY 702.86 in the year-ago month.

Economics

Mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.

Now Read This:

• Wall Street’s Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.