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BIVI

FSR

NYCB

Fisker (FSR) shares plummeted by 41% due to disappointing Q4 results and doubts about its ongoing viability. New York Community Bancorp (NYCB) fell 31% after revealing material weaknesses in its internal controls. Conversely, BioVie (BIVI) surged 236% on promising data for its NE3107 treatment for Parkinson's and Alzheimer's, to be presented at a 2024 conference.

Portfolio Pulse from ryanfaloona@benzinga.com

March 01, 2024 | 1:36 pm

EGLE

Eagle Bulk Shipping (NYSE:EGLE) reported Q4 earnings of $1.13 per share, surpassing the $0.71 estimate, and sales of $104.59M, exceeding the $92.51M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:36 pm

NRXP

NRx Pharmaceuticals has entered into a definitive purchase agreement with an existing investor for the sale of 2.7 million shares at $0.38 per share, raising approximately $1.0 million. This represents a 26.7% premium over the recent share offering. The deal also includes a 5-year warrant with a $0.40 per share strike price. The funds will support the company's development pipeline, including projects on Suicidal Depression, Suicidal Bipolar Depression, and Chronic Pain, in addition to general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:33 pm

NTAP

NetApp, Inc. (NASDAQ:NTAP) shares surged by approximately 17% in pre-market trading following the announcement of better-than-expected third-quarter financial results and positive guidance. The company reported adjusted earnings of $1.94 per share, surpassing the market estimates of $1.69 per share, with quarterly sales of $1.610 billion against expectations of $1.591 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Nxu, Inc., Minim, Inc., and Dell Technologies Inc., among others. Conversely, several companies experienced declines, such as GigCapital5, Inc., Fisker Inc., and Sidus Space, Inc.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:31 pm

GDRX

GoodRx Holdings, Inc. (NASDAQ:GDRX) reported higher than expected Q4 FY23 results, with a 7% Y/Y increase in revenue to $196.6 million and adjusted EBITDA rising to $57.3 million. The company also announced a new $450 million stock repurchase program and provided FY24 revenue guidance above consensus. Following the earnings report, analysts from Barclays, JP Morgan, and TD Cowen raised their price targets on GoodRx shares, which surged 20.4% to close at $7.79.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:23 pm

WYNN

Wynn Resorts, Ltd (NASDAQ:WYNN) stock experienced a Golden Cross, indicating a bullish run, with a 15.5% increase year-to-date. This uptrend is supported by a recovery in the gaming market, strong performance in Las Vegas and Macau properties, favorable macroeconomic conditions, and positive consumer spending trends. Analyst consensus rates WYNN as a Buy, with price targets between $107 to $128, highlighting strong financial results and strategic event-driven revenue as key drivers for continued momentum into FY24.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 1:19 pm

PRME

Prime Medicine (NASDAQ:PRME) reported Q4 earnings with an EPS of $-0.72, missing estimates by -41.0%. Revenue remained unchanged from the previous year. Despite missing EPS estimates last quarter, PRME's share price increased by 18.0% the following day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 1:15 pm

ACIW

ADSK

AVPT

BBWI

DELL

FLYW

HRL

SOUN

VEEV

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to varied stock price movements on Thursday. Notable adjustments include increases in price targets for Veeva Systems, SoundHound AI, Bath & Body Works, Dell Technologies, Flywire Corporation, Hormel Foods, Autodesk, ACI Worldwide, and AvePoint. Meanwhile, Zscaler's price target was reduced, and Flywire Corporation was downgraded from Overweight to Equal-Weight by Morgan Stanley.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:14 pm

NTAP

NetApp, Inc. (NASDAQ:NTAP) exceeded third-quarter financial expectations, posting adjusted earnings of $1.94 per share against estimates of $1.69 and sales of $1.61 billion versus expected $1.591 billion. CEO George Kurian highlighted record profitability and a modern approach to data storage as key drivers. Fourth-quarter earnings are projected between $1.73 to $1.83 per share, with net revenues expected to be between $1.585 billion to $1.735 billion. Following the report, NetApp shares rose 1.2%, and analysts from Barclays, Evercore ISI Group, and TD Cowen raised their price targets for NTAP.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:12 pm

FSR

REAL

In Friday's pre-market session, several consumer discretionary stocks showed significant movement. Notably, J-Long Group, Sweetgreen, and RealReal experienced substantial gains, attributed to recent earnings reports for Sweetgreen and RealReal. Conversely, Fisker, REE Automotive, and Jakks Pacific were among the notable losers, with Fisker and Jakks Pacific's declines also linked to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 1:10 pm