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DIS

The Walt Disney Company (NYSE:DIS) is actively searching for a new CEO as Bob Iger's succession process accelerates, following a settled proxy battle with activist investor Nelson Peltz. Disney's board is considering both internal and external candidates, with Disney Entertainment Co-chairman Dana Walden among the top internal contenders. The board's decision comes after a victory in the shareholder vote and a positive prediction from Bank of America regarding Disney's stock.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 12:08 pm

SCHN

Schnitzer Steel reported Q2 adjusted losses of $(1.04) per share, surpassing the $(1.09) estimate, but its sales of $621.06M fell short of the $626.15M estimate. This represents a significant decrease in performance compared to the same period last year, with earnings down 842.86% and sales down 17.84%.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:08 pm

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) shares rose in premarket trading on Thursday after announcing the expansion of its Paris service with an inaugural flight from Boston. This addition builds on the success of its New York-Paris route and strengthens its transatlantic presence. The company also disclosed plans to add a second daily flight from New York to Paris starting June 20th. Fares for U.S.-originating travelers start at $599 roundtrip, with premium Mint experience priced at $2,499.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 12:08 pm

CADL

Candel Therapeutics' stock price increased following the announcement of positive interim data from a phase 2 clinical trial of CAN-2409 for treating non-metastatic prostate cancer.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:06 pm

LEVI

TD Cowen analyst Oliver Chen has maintained a Buy rating on Levi Strauss (NYSE:LEVI) and increased the price target from $19 to $23, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:06 pm

HUBC

Hub Cyber Security's stock is trading higher following the announcement of its acquisition of Qpoint Technologies.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:04 pm

CODI

CVV

FLO

ROST

Insiders at Flowers Foods, Compass Diversified, CVD Equipment, and Ross Stores have recently made significant stock purchases, signaling potential confidence in their companies' futures. These transactions range from around $100,000 to over $1 million, despite some companies posting less-than-ideal financial results recently.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 12:03 pm

PARA

Paramount Global (NASDAQ:PARA) has seen diverse analyst ratings over the last three months, with a shift towards more bearish views in the last 30 days. The average 12-month price target has been adjusted to $12.67, a 15.53% decrease from the previous $15.00. Analyst actions include both downgrades and upgrades, reflecting dynamic market conditions and company performance. Paramount operates in TV media, filmed entertainment, and direct to consumer segments, facing revenue challenges but showing strong financial health indicators like net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

CDNS

Cadence Design Systems (NASDAQ:CDNS) received mixed ratings from 10 financial analysts, with an updated average 12-month price target of $324.6, reflecting a 10.31% increase from the previous target. Analyst actions included ratings adjustments and price target changes, indicating a generally positive outlook on the company's performance. Cadence's market position is strong, with significant revenue growth, high net margin, and effective debt management. The company benefits from the convergence of semiconductor and systems companies, expanding its customer base in the EDA sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

APPS

DBX

IDCC

LUNA

MDB

The article highlights the top 5 oversold tech stocks in the information technology sector, presenting a potential buying opportunity for undervalued companies. Oversold status is determined by the RSI, a momentum indicator, with a value below 30 indicating oversold conditions. The stocks mentioned are Luna Innovations (LUNA), InterDigital (IDCC), Dropbox (DBX), Digital Turbine (APPS), and MongoDB (MDB), each with recent significant events affecting their stock prices and RSI values.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 12:01 pm