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GameStop Corporation (NYSE:GME) exceeded Wall Street estimates with its Q2 results, showing signs of successful efforts to boost the company’s digital presence. The company reported a 2% rise in revenue to $1.16 billion, attributed to significant software releases and increased sales of new gaming hardware. GameStop shares rose almost 6% in extended trading. The company is also reducing its physical presence, closing stores in Europe. Meanwhile, Microsoft (NASDAQ:MSFT) is nearing the completion of its acquisition of Activision Blizzard (NASDAQ:ATVI), and Electronic Arts (NASDAQ:EA) is focusing on growing its existing franchises.

Portfolio Pulse from Upwallstreet

September 07, 2023 | 2:20 pm

CBAY

CymaBay Therapeutics Inc (NASDAQ:CBAY) announced positive topline results from its Phase 3 RESPONSE study of seladelpar for adult patients with primary biliary cholangitis (PBC). The trial achieved the primary and all key secondary endpoints, supporting advancement to regulatory discussions and filing for regulatory approval with the FDA, the UK Medicines and Healthcare Products Regulatory Agency, and the European Medicines Agency. The company's shares are up 7.16% at $14.80 on the last check Thursday.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 2:20 pm

NEOG

Neogen Corp's shares are trading lower after the company reported modestly negative core growth, slightly below expectations for Q1.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 2:17 pm

DBI

Designer Brands Inc (DBI) reported a Q2 FY23 sales decline of 7.8% YoY to $792.2 million, beating the analyst consensus. Adjusted EPS of $0.59 also beat the consensus of $0.44. The company reaffirmed its FY23 EPS outlook of $1.20 - $1.50, against a consensus of $1.29. DBI shares are trading higher by 19.36% at $12.39.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 2:17 pm

GROM

Shares of Grom Social Enterprises were halted on a circuit breaker to the upside, with the stock now up 36.5%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:16 pm

GROM

Trading of Grom Social Enterprises shares has resumed.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:15 pm

TMO

Thermo Fisher Scientific's (NYSE:TMO) short percent of float has fallen 16.46% since its last report, with 2.56 million shares sold short, which is 0.66% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Thermo Fisher Scientific has less short interest.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 2:15 pm

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has risen 232.32% since its last report, with 85.50 million shares sold short, which is 3.29% of all regular shares available for trading. It would take traders 2.31 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, JNJ's short interest as a percentage of float is less than its peer group average of 4.40%.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 2:15 pm

SONY

Sony Group's (NYSE:SONY) short percent of float has risen 18.18% since its last report, with 1.66 million shares sold short, which is 0.13% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Sony's stock. However, compared to its peers, Sony has less short interest as a percentage of float, with an average of 4.63%.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 2:15 pm

APLD

Applied Digital (APLD) has seen a significant number of call options, specifically for the Sep 15 $6 Calls Sweep, being bought near the ask price. A total of 2515 contracts were purchased at $0.151 each, compared to an open interest of 430. The company is expected to release its earnings report on October 10, after market close. The reference price is $5.225.

Portfolio Pulse from Charles Gross

September 07, 2023 | 2:14 pm