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DPZ

During Q2, Domino's Pizza reported an average price increase across its U.S. system of 3.9%. The company expects similar pricing in Q3 before moderating to about 2% in Q4. However, the U.S. delivery business continues to face challenges, with Q2 delivery same-store sales declining.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:46 pm

AMC

PXMD

SNDX

AMC Entertainment's plan to convert preferred shares to common shares and implement a stock split was rejected by a court, causing its shares to trade higher. PaxMedica announced positive results from its Phase 3 study of PAX-101, and Syndax and Incyte announced positive results from their AGAVE-201 trial of Axatilimab.

Portfolio Pulse from ryanfaloona@benzinga.com

July 24, 2023 | 12:46 pm

VRCA

Verrica Pharmaceuticals has announced a non-binding term sheet for up to $125 million in debt financing. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:45 pm

SHOP

Shopify Inc (NYSE:SHOP) shares are trading higher due to positive analyst coverage. Analysts from MoffettNathanson and Mizuho have upgraded their ratings and raised their price targets for Shopify. The company is expected to report Q2 earnings soon, with estimates suggesting earnings of 6 cents per share on quarterly revenue of $1.62 billion.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 12:45 pm

CTGO

Contango ORE, Inc. (NYSE:CTGO) has priced its underwritten public offering of 1.6 million shares at $19.00 per share, expecting to raise $30.4 million. The proceeds will be used to fund its obligations to the Peak Gold JV for the Manh Choh project, exploration drilling at its Lucky Shot project, and working capital requirements. The company is now fully funded to reach production at the Manh Choh mine by the second half of 2024.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:44 pm

INFI

Infinity Pharmaceuticals has terminated its previously announced merger agreement with MEI Pharma, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:43 pm

KOD

Kodiak Sciences has released topline results from three Phase 3 studies of tarcocimab tedromer for neovascular age-related macular degeneration and diabetic macular edema. Following the news, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:40 pm

NNOX

Nanox Imaging Ltd. (NNOX) has announced a $30M registered direct offering of 2,142,858 ordinary shares at $14.00 per share, along with warrants to purchase up to the same number of shares at $19.00 per share. The offering is expected to close on July 26, 2023. The proceeds will be used for general working capital purposes, further development of Nanox products, and the manufacture and commercial deployment of the Nanox System.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:39 pm

CNEY

CN Energy Group. Inc. (NASDAQ: CNEY) has been granted an additional 180-day period by NASDAQ to regain compliance under NASDAQ's minimum bid price requirement. The company's Class A ordinary shares need to close at $1.00 or more for a minimum of 10 consecutive business days by January 8, 2024. The company may consider implementing a reverse share split to meet the requirement.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:38 pm

NKLA

Shares of Nikola Corporation (NKLA) are trading lower after a Nikola truck that caught fire late last month reignited again on Sunday afternoon.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:37 pm