Streetbeat News

Earnings

SNDL

SNDL Inc. (NASDAQ:SNDL) shares dropped after initially rising earlier in the week due to Q3 financial results and a renewed share repurchase program. The company reported a reduced net loss and increased sales compared to the same quarter last year. CEO Zach George highlighted SNDL's positive cash flow and the company's focus on profitability and growth. The stock is trading below its 50-day moving average and near its 52-week low.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 6:16 pm

PLCE

The Children's Place, Inc. (NASDAQ:PLCE) shares dropped by approximately 25% due to weaker than expected quarterly earnings, with adjusted earnings of $3.22 per share compared to estimates of $3.56 per share. Despite sales exceeding estimates, the stock price fell significantly. Other stocks experienced movements in Thursday's mid-day session, with various companies reporting earnings, clinical trial updates, mergers, and public offerings.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:11 pm

MAXN

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) reported a Q3 loss of $2.21 per share, with sales of $227.63 million surpassing estimates. Following the earnings report, the stock dropped 10.1%. Analysts from Raymond James, Northland Capital Markets, Goldman Sachs, and Roth MKM revised their price targets downward, with some maintaining their ratings and others downgrading the stock.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:07 pm

ABL

CCG

FGFPP

GBLI

GOCO

HUIZ

LMND

MHLA

MHLD

MRAI

RELI

ROOT

In Thursday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) surged 101.61% after its Q3 earnings report. Huize Holding (HUIZ), Cheche Group (CCG), FG Finl Gr (FGFPP), Abacus Life (ABL), and Global Indemnity Group (GBLI) also saw gains. Conversely, GoHealth (GOCO), Maiden Hldgs (MHLD), Lemonade (LMND), Root (ROOT), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Reliance Global Group (RELI) experienced declines.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:40 pm

BETS

BHIL

CHSN

ISPR

OTLY

PAVS

SDOT

SHOT

WBUY

XXII

ZIVO

In Thursday's intraday session, several consumer staples stocks experienced significant movements. Safety Shot (SHOT) saw a 21.5% increase, while Oatly Group (OTLY) rose by 18.61%. Zivo Bioscience (ZIVO) increased by 16.42% following its Q3 earnings report 3 days ago. Chanson International (CHSN) and Webuy Global (WBUY) also saw gains of 15.72% and 15.36%, respectively. Paranovus Enter (PAVS) stock went up by 11.91%. On the losing side, Sadot Group (SDOT) dropped by 14.6% after its Q3 earnings 2 days ago, Ispire Technology (ISPR) fell by 13.11% post Q1 earnings, 22nd Century Group (XXII) declined by 11.24%, Benson Hill (BHIL) decreased by 10.35%, and Bit Brother (BETS) fell by 9.64%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:31 pm

ARCO

CZOO

FFIE

JWEL

LAZR

LVLU

MGOL

PLCE

SONO

UTI

VLCN

XWEL

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Sonos (SONO) and Universal Technical (UTI) reported Q4 earnings, with SONO shares rising 17% and UTI shares increasing by 13%. Jowell Global (JWEL), Lulus Fashion Lounge (LVLU), XWELL (XWEL), and Arcos Dorados Holdings (ARCO) also saw gains, with JWEL's trading volume notably at 7465.2% of its average. Conversely, Volcon (VLCN), Children's Place (PLCE), Faraday Future (FFIE), Cazoo Gr (CZOO), MGO Global (MGOL), and Luminar Technologies (LAZR) stocks declined, with VLCN dropping 64.4% and PLCE's Q3 earnings report contributing to a 26.27% decrease.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:31 pm

APYX

AUGX

BBLG

DRMA

FIXX

IMPL

ITRM

LMDX

MEIP

PXMD

SABS

SYRA

Health care stocks experienced significant movement in Thursday's intraday session. LumiraDx (LMDX) saw a 42.8% increase, while Homology Medicines (FIXX) dropped 39.9%. Other notable gainers include Bone Biologics (BBLG), Impel Pharmaceuticals (IMPL), Iterum Therapeutics (ITRM), Apyx Medical (APYX), and Dermata Therapeutics (DRMA). On the losing side, MEI Pharma (MEIP), Augmedix (AUGX), SAB Biotherapeutics (SABS), PaxMedica (PXMD), and Syra Health (SYRA) saw declines. Volume spikes suggest increased investor interest, potentially due to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:31 pm

AIRE

ATGL

CPTN

EBIX

EGIO

LCFY

MAXN

NICE

SASI

SNCR

VNET

WAVD

In Thursday's intraday session, several IT stocks experienced significant movements. Alpha Technology Group (ATGL) saw a 70.5% increase, while WaveDancer (WAVD) jumped 58.86%, both on high trading volumes. ReAlpha Tech Corp (AIRE), Locafy (LCFY), NICE (NICE), and Synchronoss Technologies (SNCR) also gained. Conversely, Sigma Additive Solutions (SASI), VNET Gr (VNET), Ebix (EBIX), Cepton (CPTN), Edgio (EGIO), and Maxeon Solar Technologies (MAXN) faced declines, with some linked to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:30 pm

SWTX

SpringWorks Therapeutics Inc (NASDAQ:SWTX) reported positive Phase 2b ReNeu trial results for mirdametinib in treating NF1-associated plexiform neurofibromas, with over 50% pediatric and 41% adult patients showing objective responses. Despite the promising results, SWTX shares fell 6.39% to $20.66, as the market reaction was not favorable. The company plans to submit a New Drug Application to the FDA in the first half of 2024.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 5:30 pm

BrightView Holdings, Inc. shares have declined following the announcement of their fourth-quarter results, which fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:28 pm