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LULU

VFC

Lululemon Athletica Inc. (NASDAQ:LULU) shares surged by 8% in premarket trading following the release of its first-quarter financial results. The company reported a 6% increase in comparable sales year-over-year and announced plans to expand its overseas market share. Despite mixed margin performance and soft Q2 guidance, Lululemon authorized a $1 billion increase in its stock repurchase program. Concerns arose due to the departure of the product chief, but no further senior management restructuring is expected.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 10:56 am

PLUR

Pluri announced that the US NIAID will provide the company with $1.4M from July 1, 2024, to June 30, 2025, as part of a three-year $4.2M contract. The funding will support the manufacturing and studies of PLX-R18 cell therapy for treating hematopoietic complications of acute radiation syndrome.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:50 am

ARKB

FBTC

GBTC

IBIT

Bitcoin spot ETFs have recorded 17 consecutive days of net inflows, reaching a cumulative $15.3 billion year-to-date. Individual ETFs like Grayscale's GBTC, Fidelity's FBTC, BlackRock's IBIT, and Ark Invest's ARKB saw significant inflows. The positive trend is driven by low jobless claims and anticipated CPI data, with speculation of potential rate cuts adding momentum. Ethereum's performance lags due to delays in ETF approval.

Portfolio Pulse from Murtuza Merchant

June 06, 2024 | 10:50 am

VIAV

Rohde & Schwarz and VIAVI have enhanced their partnership to offer joint network testing solutions aimed at radio manufacturers bidding for the NTIA's Public Wireless Supply Chain Innovation Fund. These solutions are designed for Open Radio Commercialization and Innovation.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:41 am

PSN

Parsons Corporation has been awarded the Yukon Regional Business Sustainability Award for its Faro Mine Remediation Project in Yukon, Canada. This recognition highlights the company's commitment to environmental sustainability and effective project management.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:37 am

KALV

KalVista Pharmaceuticals presented various subgroup analyses from its Phase 3 KONFIDENT trial of Sebetralstat at the Eastern Allergy Conference 2024 and the Annual Meeting of the Japanese Dermatological Association.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:35 am

ZOM

Zomedica presented research findings at a major veterinary internal medicine conference, showcasing the superior diagnostic capabilities of its TRUFORMA® Bulk Acoustic Wave (BAW) platform for diagnosing feline hyperthyroidism compared to traditional CLIA platforms.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:35 am

FRGT

Freight Technologies announced the addition of 26 new customers and 149 new carriers in 2024, indicating significant growth and expansion in its operations.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:33 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that its team at Giga Texas has produced the 50 millionth 4680 battery cell, a key component for the Cybertruck. This milestone comes as the company ramps up production, with a significant increase in the first quarter. Despite previous reports of production struggles, Tesla aims to stay ahead of Cybertruck production needs.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 10:21 am

NVAX

Novavax shares are trading higher following an FDA advisory committee's recommendation for updated JN.1-lineage vaccines. Novavax aims to deliver the vaccines by September, pending authorization.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:17 am