Market-Moving News for July 30th
Portfolio Pulse from Benzinga Newsdesk
Market-Moving News for July 30th: PayPal Holdings (PYPL) beats Q2 2024 earnings and sales estimates, Sprouts Farmers Market (SFM) reports better-than-expected Q2 results and issues strong Q3 guidance, and IMUNON (IMNN) to report topline results from Phase 2 OVATION 2 study in advanced ovarian cancer.
July 30, 2024 | 11:57 am
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POSITIVE IMPACT
IMUNON to report topline results from the Phase 2 OVATION 2 study with IMNN-001 in advanced ovarian cancer on July 30 at ~8:00 a.m. ET.
The upcoming report on the Phase 2 OVATION 2 study results is a significant event for IMUNON and could lead to a substantial impact on the stock price depending on the results.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
PayPal Holdings Q2 2024 Adj EPS $1.19 beats $0.98 estimate, and sales of $7.90B beat $7.81B estimate.
PayPal's better-than-expected earnings and sales figures are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Sprouts Farmers Market shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 earnings guidance above estimates.
Sprouts Farmers Market's strong Q2 results and positive Q3 guidance are likely to drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100