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ICE

Intercontinental Exchange (NYSE:ICE) has delivered an average annual return of 15.02% over the past 15 years, outperforming the market by 3.26% annually. A $100 investment in ICE 15 years ago would be worth $847.44 today. The company currently has a market cap of $64.19 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:30 pm

RELI

Reliance Global shares have dropped following the announcement of a proposed underwritten public offering. The offering suggests that the company is seeking to raise capital, which typically dilutes existing shareholders' equity, leading to a negative short-term reaction in the stock price.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:30 pm

SGEN

Seagen (NASDAQ:SGEN) has delivered an impressive average annual return of 29.45% over the past 5 years, outperforming the market by 17.92%. An initial investment of $1000 in SGEN 5 years ago would now be worth $3,635.04. Seagen's market capitalization currently stands at $39.97 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:30 pm

XELB

Xcel Brands (NASDAQ:XELB) reported Q3 earnings with an EPS of $-0.15, beating estimates by 6.25% but with a revenue decrease of $1.86 million YoY. Last quarter's EPS beat led to a 5.13% share price increase the following day. Historical earnings performance shows variability in meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:30 pm

ACB

CARA

CGC

CRBP

GRWG

NEPT

On November 20, 2023, several marijuana stocks experienced significant price movements. Notable gainers included 1933 Industries, Heritage Cannabis Holding, and Global Hemp Group, with shares rising by 50.69%, 35.74%, and 24.03% respectively. Neptune Wellness Solutions, Corbus Pharmaceuticals, Canopy Growth, and Aurora Cannabis were among the gainers on NASDAQ. Conversely, Craftport Cannabis, GrowLife, and EVIO were the biggest losers, with their shares plummeting by over 99%. Other notable losers included Body and Mind, Leafbuyer Technologies, and Cresco Labs.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:30 pm

RCEL

AVITA Medical's stock is trading lower following the company's announcement of reduced revenue guidance for FY23, which is below market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:29 pm

AI

MSFT

C3.ai, Inc. (NYSE:AI) stock traded lower after a Bloomberg report indicated the company conducted job cuts last week. The cuts were attributed to performance and cost-cutting measures, with affected employees receiving one-month severance. Despite the company's statement about continuing to hire for strategic areas, the number of employees cut remains undisclosed. C3.ai's stock had initially risen nearly 7% due to developments involving OpenAI and Microsoft Corporation (NASDAQ:MSFT), but fell after the job cuts report. C3.ai shares closed down 4.36% at $28.04.

Portfolio Pulse from Erica Kollmann

November 20, 2023 | 9:26 pm

PRST

Presto Automation reported a significant decrease in earnings and revenue for Q1 2024 compared to the same quarter last year. Earnings per share (EPS) dropped to $0.08 from $0.86, and revenue fell to $4.885 million from $7.779 million year-over-year (YoY).

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:25 pm

PRST

Presto Automation (NASDAQ:PRST) reported a decrease in Q1 sales to $4.88M, down 37.20% from $7.78M YoY, with earnings of $0.08 per share.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:24 pm

GURE

Gulf Resources Inc. (GURE) reported a significant decline in its Q3 earnings and sales compared to the previous year. The company's earnings per share (EPS) dropped to $(0.17) from $0.86, marking a 119.77% decrease. Sales also fell sharply by 74.34%, from $22.86 million to $5.87 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:23 pm