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CMPO

CompoSecure, Inc. (NASDAQ:CMPO) announced a secondary offering of 7M shares of Class A common stock at $6.50/share by Selling Shareholders, totaling $45.5M. CompoSecure will not receive proceeds from the sale. The offering, managed by J.P. Morgan, BofA Securities, and TD Cowen, with B. Riley Securities, Needham & Company, and Roth Capital Partners as co-managers, is expected to close on May 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:24 pm

GDRX

GoodRx shares are trading lower following the company's issuance of weaker-than-expected financial guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:24 pm

ARGT

EEM

Elon Musk recommends investing in Argentina, citing a risk-on market trend. Argentina's President Javier Milei's economic reforms have led to significant interest rate cuts and a bullish outlook for the Global X MSCI Argentina ETF (ARGT), despite it being overbought. The ARGT ETF has outperformed the S&P 500 and the iShares MSCI Emerging Markets Index (EEM) this year. However, geopolitical tensions and potential policy adjustments pose risks to ARGT's momentum.

Portfolio Pulse from Kenneth Rapoza

May 09, 2024 | 1:24 pm

ZCAR

Zoomcar Holdings received a notice from Nasdaq on May 6, indicating non-compliance with the minimum bid price and MVLS requirements, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:23 pm

DDI

Wedbush analyst Nick McKay has maintained an Outperform rating on DoubleDown Interactive (NASDAQ:DDI) and increased the price target from $13.5 to $14.75.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:22 pm

KVYO

Klaviyo's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:22 pm

AFCG

AFC Gamma (NASDAQ:AFCG) reported Q1 adjusted earnings of $0.49 per share, missing the consensus estimate of $0.51, and sales of $14.76M, below the $16.24M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:21 pm

CRM

EPAM

SalesForce shares are trading lower due to EPAM Systems lowering its FY24 revenue guidance, indicating a negative market reaction to EPAM's financial outlook.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:21 pm

DIS

EA

MSFT

NFLX

SONY

TTWO

Microsoft Corp (NASDAQ:MSFT) is closing several video-game studios within its Xbox division as part of a broad cost-cutting strategy, affecting ZeniMax and other subsidiaries. The closures, including Tokyo-based Tango Gameworks, aim to reallocate resources amid a gaming sector experiencing extensive layoffs, with companies like Sony Group Corp (NYSE:SONY), Electronic Arts Inc (NASDAQ:EA), and Take-Two Interactive Software Inc (NASDAQ:TTWO) also reducing workforces. Meanwhile, Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) are increasing their focus on gaming.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 1:21 pm

NIO

Nio shares are experiencing an increase in their trading value.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:20 pm