Streetbeat News

Earnings

MVST

Microvast Holdings' shares are trading lower despite the company reporting better than expected earnings for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:53 pm

MU

OUST

SGH

As of April 2, 2024, SMART Global Holdings, Inc. (SGH), Micron Technology, Inc. (MU), and Ouster, Inc. (OUST) are identified as overbought tech stocks with RSI values above 70, indicating potential short-term performance concerns. SGH announced a $75 million share repurchase and gained 14% over the past month. MU received a Buy rating from B of A Securities with a raised price target, gaining 30% over the past month. OUST reported record revenue and bookings for 2023, gaining 99% over the past five days.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:46 pm

VCNX

Vaccinex announced it expects topline data from its Phase 1/2a randomized SIGNAL-AD study of Pepinemab for Alzheimer's Disease in Q3 2024. This marks a significant milestone in the development of treatments for Alzheimer's, potentially impacting the company's stock as investors anticipate the results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:45 pm

VCNX

Vaccinex reported its FY23 earnings with an EPS of $(43.68), showing a significant improvement from last year's $(98.05). Revenue also increased to $570K from $275K YoY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:44 pm

PAYX

Paychex shares are trading lower due to mixed Q3 financial results, indicating a potential short-term negative impact on its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:41 pm

PAYX

Paychex, Inc. (PAYX) has projected its revenue growth for fiscal year 2024 to be between 5% and 6%. This forecast indicates a positive outlook for the company's financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:40 pm

GOEV

Canoo's stock price has declined following the company's announcement of weaker than expected revenue guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:38 pm

ADIL

Adial Pharmaceuticals reported its FY23 cash and cash equivalents at $2.8 million as of December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:37 pm

RIVN

Rivian announced it produced 13,980 vehicles and delivered 13,588 vehicles in Q1 from its Normal, IL manufacturing facility. The company also reaffirmed its 2024 annual production guidance of 57,000 total vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:33 pm

DIS

Bank of America predicts a 20% rise in Disney (NYSE:DIS) stock as CEO Bob Iger's turnaround strategy shows positive results. The bank has upgraded its price target for Disney from $130 to $145, citing strong performance in the theme park sector and a significant boost in net subscriber growth following a carriage deal with Charter. Disney's streaming services are expected to reach profitability in the fourth quarter, aided by a targeted $7.5 billion in cost savings and an anticipated surge of 7.5 million new Disney Plus subscribers.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 12:32 pm