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Stock Prices

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares slumped in premarket trading following the Delaware Chancery Court’s ruling that the company can increase the number of authorized shares and do a reverse split of the shares in the ratio of 1-for-10. This will allow conversion of all outstanding AMC preferred shares (APE) into AMC common shares. The move is expected to dilute equity capital, pushing down the stock price. In premarket trading, AMC shares traded down 27.38% at $3.82, while the APE preferred unit jumped 26.40% to $2.25.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 10:25 am

ERJ

Embraer (NYSE:ERJ) reported Q2 adjusted earnings of $0.32 per share, beating the analyst consensus estimate of $0.12 by 163.33%. This is a 25.4% increase from the same period last year. The company also reported quarterly sales of $2.01 billion, beating the analyst consensus estimate of $1.16 billion by 72.89%, a 97.17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:24 am

GS

NOVA

Sunnova Energy International Inc. has launched an underwritten public offering of $75 million of its common stock. The company also plans to grant the underwriters a 30-day option to purchase up to $11.25 million of additional common stock. Goldman Sachs & Co. LLC is the book-running manager of the offering.

Portfolio Pulse from Charles Gross

August 14, 2023 | 10:23 am

EEMA

EWU

EZU

FLAX

SPY

US markets ended mixed on Friday, August 11, with the Dow Jones Industrial Average closing higher by 0.30% and the S&P 500 and Nasdaq Composite closing lower. Asian markets closed lower on Monday, with Japan's Nikkei 225 and Australia's S&P/ASX 200 leading the losses. European markets were mixed, with the Pan-European STOXX 600 index and the DAX index in Germany trading higher, while the UK's FTSE 100 traded lower. US futures were up, and the U.S. Dollar Index was also up.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 10:16 am

UXIN

Uxin's Q4 transaction volume was 3,607 units, a decrease of 26.3% from the last quarter and a decrease of 14.7% from the same period last year. The retail transaction volume was 2,259 units, a decrease of 22.8% from the last quarter but an increase of 22.2% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:11 am

HUT

Hut 8 Mining Corp. (Nasdaq: HUT) reported that it mined 116 Bitcoin in July 2023, sold 100 Bitcoin for $3.9 million, and produced 44.6 BTC/EH. The company's total Bitcoin reserve was 9,152 at the end of July, with 8,305 unencumbered. The installed ASIC hashrate capacity at their Alberta facilities was 2.6 EH/s.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:11 am

UXIN

Uxin (NASDAQ:UXIN) reported Q4 sales of $50.06 million, missing the analyst consensus estimate of $70.14 million by 28.63 percent. This represents a 37.25 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:10 am

UXIN

Uxin (NASDAQ:UXIN) reported Q4 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.10) by 80%. However, the company's quarterly sales of $50.06 million missed the analyst consensus estimate of $70.14 million by 28.63%. This represents a 37.25% decrease over sales of $79.78 million from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:10 am

PEG

UBS analyst Ross Fowler has downgraded Public Service Enterprise (NYSE:PEG) from Buy to Neutral and lowered the price target from $70 to $66.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 9:54 am

BHR

B. Riley Securities analyst Bryan Maher has downgraded Braemar Hotels & Resorts (NYSE:BHR) from Buy to Neutral and lowered the price target from $7 to $3.5.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 9:52 am