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ASO

Academy Sports And Outdoors, Inc. (NASDAQ:ASO) reported lower-than-expected Q3 FY23 results with a 6.4% sales decline to $1.398 billion, missing estimates of $1.440 billion. Adjusted EPS was $1.38, below the consensus of $1.59. Comparable sales fell 8%, and gross margin contracted to 34.5%. Operating income dropped 23.8% to $136.73 million. The company opened 14 stores in 2023 and declared a $0.09 per share dividend. A new $600 million share repurchase program was approved. FY23 sales outlook was lowered to $6.110 billion-$6.170 billion, with adjusted EPS guidance narrowed to $7.05-$7.20. ASO shares fell 1.05% to $50.01.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 4:24 pm

DIS

Walt Disney has disclosed that Isaac Perlmutter, who was terminated from his employment with the company earlier this year, owns 78% of the shares that activist investor Nelson Peltz claims to have beneficial ownership of.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:21 pm

GDRX

WBA

Traders are circulating a note indicating that Citi has commented on Walgreens' launch of Rx Savings Finder, suggesting it will negatively impact GoodRx Holdings (GDRX). The new tool by Walgreens is designed to help patients save on prescription medications, which could compete with GoodRx's offerings.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:20 pm

WBD

'Friends' has seen a surge in viewership on Warner Bros. Discovery's Max streaming platform following the death of actor Matthew Perry on October 28. Nielsen data shows a 31% increase in minutes watched for the week of Oct. 23 to Oct. 29, compared to the previous week. This event could potentially impact Warner Bros. Discovery's stock as increased viewership may translate to higher engagement and potentially more subscribers.

Portfolio Pulse from Chris Katje

November 30, 2023 | 4:20 pm

UK

Ucommune International Ltd, a company that may have been previously halted, has resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:19 pm

MINM

Trading of Minim shares has resumed after a temporary halt. There is no additional context provided regarding the reason for the halt or the implications for the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:16 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) has purchased an additional 16,130 bitcoins for approximately $593.3 million, at an average price of $36,785 per bitcoin. As of November 29, 2023, the company holds a total of 174,530 bitcoins acquired for around $5.28 billion, at an average price of $30,252 per bitcoin. The company's stock is trading lower by 3% at $491.11, despite being up over 18% in the past month. MicroStrategy has also filed with the SEC to potentially offer and sell up to $750 million of class A common stock. The stock has a high short interest with 27.72% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 4:14 pm

IMGN

HC Wainwright & Co. analyst Swayampakula Ramakanth downgraded Immunogen (NASDAQ:IMGN) from Buy to Neutral, while increasing the price target from $28 to $31.26.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:13 pm

MINM

Shares of Minim were halted due to a circuit breaker after experiencing a significant drop, but the stock is now up 525.3%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:11 pm

UK

Ucommune International Ltd's stock was halted due to a circuit breaker after experiencing a 12% drop.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:10 pm