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CRM

ValueAct has increased its stake in Salesforce to nearly $1 billion, which has sent Salesforce shares up by around 3.5%. This move comes shortly after Salesforce reported its first revenue miss since 2006. Mason Morfit, ValueAct's co-CEO and Salesforce board member, disclosed the trade, signaling confidence in the company despite recent financial setbacks.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:55 pm

LULU

SPY

Initial jobless claims have risen, while unit labor costs increased but came in below expectations. Lululemon's stock rose following its earnings report.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:54 pm

BASE

Couchbase, Inc. (NASDAQ:BASE) reported better-than-expected Q1 results but saw its stock fall 12.2% after several analysts cut their price targets. Despite beating earnings and revenue estimates, the company's future guidance led to mixed analyst reactions.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 2:53 pm

LPG

Dorian LPG Ltd (NYSE:LPG) shares fell by 9.2% to $45.66 after the company announced a public offering of 2 million common shares at $44.50 per share. The proceeds will be used for general corporate purposes. The company has also granted underwriters a 30-day option to purchase an additional 300,000 shares.

Portfolio Pulse from Henry Khederian

June 06, 2024 | 2:49 pm

ANNX

Annexon shares are trading lower following the announcement of a $125 million underwritten public offering of 13,001,120 shares at $6.25 per share.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:47 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shareholders approved a reverse stock split to avoid potential Nasdaq delisting, but the company faces removal from the Russell 3000 Index, impacting investor visibility. Despite a recent 6% stock surge, Nikola's stock was down 3.5% at 52 cents, reflecting investor uncertainty. The company reported a decline in Q1 revenues and a non-GAAP net loss per share of 9 cents.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 2:47 pm

ABM

ABM Industries Inc. (NYSE:ABM) reported mixed Q2 2024 results with a slight sales growth and a decline in operating profit. Despite the mixed results, the company raised its adjusted EPS outlook and shares are trading higher.

Portfolio Pulse from Akanksha Bakshi

June 06, 2024 | 2:46 pm

CART

CIEN

HALO

HOOD

ILMN

IRTC

LPA

LULU

LYFT

PHAR

REPL

SCWX

SJM

SMAR

SMTC

TTC

UNFI

XPOF

U.S. stocks saw slight gains on Thursday, with the Dow Jones index up 0.1%. The J. M. Smucker Company (SJM) reported mixed earnings, leading to a 6.2% rise in its stock. Other notable gainers included Latam Logistic Properties (LPA), Replimune Group (REPL), SecureWorks (SCWX), Smartsheet (SMAR), Xponential Fitness (XPOF), Pharming Group (PHAR), Halozyme Therapeutics (HALO), The Toro Company (TTC), United Natural Foods (UNFI), Maplebear (CART), Semtech (SMTC), iRhythm Technologies (IRTC), Robinhood Markets (HOOD), Lyft (LYFT), Illumina (ILMN), Ciena Corporation (CIEN), and Lululemon Athletica (LULU).

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 2:44 pm

GIII

G-III Apparel Group shares are trading lower after the company reported worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:43 pm

CAVA

On June 5, 2024, CAVA Group's largest shareholder, Artal International S.C.A., filed a notice with the SEC to sell 3 million shares following the conversion of Series E preferred stock into common stock.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:42 pm