Streetbeat News

Earnings

LMFA

LM Funding America, Inc. (NASDAQ:LMFA) announced that it mined 31.7 BTC and estimated the value of its 163.1 Bitcoin holdings to be approximately $11.4 million for the month ended May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:17 pm

LBPH

Longboard Pharmaceuticals announced positive interim results from the 52-week open-label extension of the PACIFIC study evaluating Bexicaserin (LP352) in participants with developmental and epileptic encephalopathies. The study showed a median seizure reduction of 56.1% over approximately 6 months, with favorable safety and tolerability results. An End of Phase 2 Meeting is scheduled for this summer.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:03 pm

Over the past three months, 7 analysts have shared their opinions on Unity Software (NYSE:U), with ratings ranging from bullish to bearish. The average 12-month price target is $27.43, with a high of $33.50 and a low of $16.00. Recent analyst actions include both downgrades and maintained ratings, reflecting mixed sentiments. Unity Software faces financial challenges, including a decline in revenue growth, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 1:01 pm

BTCUSD

DOGEUSD

ETHUSD

KKR

NVDA

The article covers a range of topics including the sideways movement of Bitcoin, Ethereum, and Dogecoin ahead of the Fed's FOMC meeting, a significant inflow into Bitcoin ETFs, and various political and economic updates. Notably, KKR shares are trading higher by 10%, and Nvidia's sales growth is accelerating due to global government AI investments.

Portfolio Pulse from Akanksha Bakshi

June 10, 2024 | 1:00 pm

EXTR

Extreme Networks (NASDAQ:EXTR) has been analyzed by 8 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $15.31, with a high of $17.00 and a low of $13.00. Recent financial performance shows a decline in revenue and profitability, with challenges in debt management.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 1:00 pm

FSK

HGTY

PNNT

SAR

TIGR

Five financial stocks, UP Fintech Holding Ltd (TIGR), PennantPark Investment Corp (PNNT), Saratoga Investment Corp (SAR), FS KKR Capital Corp (FSK), and Hagerty Inc (HGTY), are identified as overbought with high RSI values, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:42 pm

DSY

KKR

SKYE

Market-Moving News for June 10th: Big Tree Cloud (DSY) shares surge 255% following business combination with Plutonian Acquisition Corp. and recent Nasdaq debut. Skye Bioscience (SKYE) shares plummet 45% after discontinuing SBI-100 Ophthalmic Emulsion Phase 2a trial. KKR & Co (KKR) shares rise 9% on news of joining the S&P 500.

Portfolio Pulse from ryanfaloona@benzinga.com

June 10, 2024 | 12:40 pm

MSFT

PERI

Perion Network Ltd. (NASDAQ:PERI) has lowered its Q2 and FY24 financial guidance due to changes in Microsoft Bing ad pricing and a decline in revenue from standard video and display formats. The company expects significant impacts on its revenue and EBITDA, leading to a 24.4% drop in its stock price.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 12:39 pm

ATNM

Actinium Pharmaceuticals presented promising data from the Phase 3 SIERRA trial of Iomab-B at the 2024 SNMMI Annual Meeting. Iomab-B showed improved survival in high-risk relapsed or refractory acute myeloid leukemia patients and achieved the primary endpoint of durable Complete Remission with high statistical significance. Additionally, Actinium's novel linker technology demonstrated high tumor uptake and in vivo stability in preclinical models.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:37 pm

DAL

LUV

UAL

Southwest Airlines (NYSE:LUV) stock is trading higher on Monday following reports that Elliott Investment Management is taking a $2 billion stake in the airline. Despite recent challenges, including technology failures and missed earnings estimates, the stock is up 8.11% premarket.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 12:29 pm