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AHI

Armata Pharmaceuticals, Inc. (AHI) received a delisting notification from Nasdaq due to an equity deficiency. The company plans to appeal the decision and address the $1.15 million shortfall with a $1.96 million placement from Oakley Capital and a US shelf offering.

Portfolio Pulse from Charles Gross

May 10, 2024 | 10:11 am

BROS

TD Cowen analyst Andrew Charles upgraded Dutch Bros (NYSE:BROS) from Hold to Buy and increased the price target from $33 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:10 am

MOND

Mondee Holdings (MOND) reported Q1 adjusted losses of $(0.15) per share, missing the $(0.10) estimate by 50%, and a 114.29% decrease from last year. However, sales of $58.02M exceeded estimates by 5.05%, marking a 16.21% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:08 am

AIRS

AirSculpt Technologies projects its FY24 revenue to be $220 million, slightly above the estimated $219.33 million.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:06 am

CBAT

CBAK Energy Tech (NASDAQ:CBAT) reported Q1 earnings of $0.11 per share, surpassing the $(0.01) estimate, marking a 1200% beat and a 650% increase from last year's losses of $(0.02) per share. However, Q1 sales of $58.82M fell short of the $62.78M estimate by 6.30%, despite being a 38.74% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:03 am

AAPL

ATVI

GOOGL

IYW

MSFT

XLK

Microsoft Corp is set to launch a web-based mobile gaming store in July, challenging the dominance of Apple Inc. and Alphabet Inc's Google. The store will initially feature Microsoft's games, including discounts on in-game items, with plans to expand to other publishers. This move, facilitated by the EU's Digital Markets Act, aims to bypass the traditional app store fees and is bolstered by Microsoft's acquisition of Activision Blizzard Inc.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 9:55 am

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), claimed that Tesla's Full Self-Driving (FSD) technology is significantly ahead of competitors, specifically mentioning it is 'half a decade ahead or more' compared to Mercedes. This statement was made in response to a comparison video between Tesla's FSD and Mercedes' Driver Assistance systems. Despite criticisms regarding the safety and effectiveness of Tesla's FSD, the company continues to innovate, with recent updates addressing previous issues. However, Tesla's popularity in California has declined, as indicated by a drop in registrations.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 9:48 am

AAOI

AKAM

DNA

FROG

INDI

MGNX

MVIS

NVTS

PGNY

RWAY

YELP

Akamai Technologies issued a weak outlook, causing its shares to fall sharply in pre-market trading. Other companies like MacroGenics, Progyny, MicroVision, Applied Optoelectronics, JFrog, Navitas Semiconductor, Ginkgo Bioworks, indie Semiconductor, Yelp, and Runway Growth Finance also reported losses due to various negative financial results or guidance.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 9:45 am

MGNX

Stifel analyst Stephen Willey downgraded Macrogenics (NASDAQ:MGNX) from Buy to Hold and significantly reduced the price target from $29 to $7, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:39 am

PLNT

Stifel analyst Chris O'Cull downgrades Planet Fitness (PLNT) from Buy to Hold and lowers the price target from $80 to $70.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:36 am