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MATICUSD

Polygon's (CRYPTO: MATIC) price has fallen 5.17% to $0.54 in the past 24 hours, continuing its negative trend over the past week with a 20.0% loss. Trading volume has climbed 87.0% over the past week along with the circulating supply of the coin, which has increased 0.12%. The current market cap ranking for MATIC is #13 at $4.99 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:00 pm

SCHW

Schwab has announced job cuts and expects costs of up to $500 million, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:00 pm

MTRX

Matrix Service Company announced that it received $464 million of awards in Q4, leading to a backlog of $1.1 billion. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:59 pm

CTRN

Citi Trends, Inc.'s Q2 FY23 sales decreased by 6.2% YoY to $173.55 million, beating the analyst consensus estimate of $165.57 million. The adjusted EPS loss of 60 cents also beat the analyst consensus estimate of a 97-cent loss. The company reiterated its FY23 sales guidance and plans to open five new stores, remodel 10 to 20 stores, and close 10 to 15 underperforming stores in the year. Citi Trends shares were up 7.67% at $23.73 Tuesday morning.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 2:57 pm

META

Meta Platforms Inc has announced the release of a new multimodal AI model, SeamlessM4T, aimed at improving communication across different languages. The AI capabilities will be integrated into Facebook, Instagram, WhatsApp, Messenger, and Threads over time. Despite this announcement, Meta's shares were down 12% at the time of writing.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 2:57 pm

AMC

APE

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are falling ahead of a 10-to-1 reverse stock split scheduled to take effect Thursday. AMC Preferred Equity Units (NYSE:APE) will be converted to AMC common stock the following day. The number of AMC shares will increase from approximately 542.2 million to 550 million shares following the reverse split and stock conversion. Citigroup analyst Jason Bazinet maintained AMC Entertainment Holdings with a Sell rating and lowered the price target from $1.65 to $1.55.

Portfolio Pulse from Erica Kollmann

August 22, 2023 | 2:55 pm

MSGM

Motorsport Games reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:54 pm

AMZN

GOOG

MSFT

PFE

TEVA

S&P Global Ratings has downgraded several US regional banks due to the Federal Reserve's monetary policy. YouTube, a subsidiary of Alphabet Inc, has unveiled its AI music principles in partnership with Universal Music Group. Titan Global Capital Management USA LLC has agreed to pay over $1 million to settle charges by the SEC. Teva Pharmaceutical Industries Limited has agreed to pay $225 million in criminal fines to settle charges related to price fixing. The FDA has approved Pfizer Inc's Abrysvo vaccine. Apollo Global Management Inc has acquired a majority interest in Composite Advanced Technologies Inc. Microsoft Corp has revised its proposal to purchase Activision Blizzard Inc. Retailers with pharmacy businesses are seeing a boost in sales due to increased demand for prescription weight loss drugs. Amazon.Com Inc has unveiled its Fire TV Channels app. Waystar Inc is reportedly making strides toward an IPO. Baidu Inc, Macy's Inc, BJ's Wholesale Club Holdings Inc, Medtronic Plc, Lowe's Companies Inc, and Dick's Sporting Goods Inc have all reported their Q2 earnings.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 2:51 pm

TIO

Tingo Group has announced the postponement of its Q2 earnings release, conference call, and the filing of its Form 10-Q. This has resulted in a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:50 pm

FLXS

Flexsteel Industries reported its Q4 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:46 pm