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FWBI

First Wave BioPharma Inc has filed for a shelf offering of up to 3.4 million shares of common stock by selling stockholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:30 pm

FDX

FedEx reported Q4 revenue of $21.9 billion, down 10.22% and missing estimates of $22.72 billion, while earnings per share of $4.94 beat estimates of $4.89. The company expects full fiscal year 2024 earnings to be in the range of $16.50 to $18.50 per share. CFO Michael Lenz will retire on July 31.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 8:21 pm

HCNE

JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE) announced its board of directors has determined to redeem all outstanding shares of Class A common stock at approximately $10.25 per share. The last day of trading is expected to be June 15, 2023, and the shares will be deemed cancelled on June 23, 2023.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:20 pm

VLO

A whale has taken a bullish stance on Valero Energy (NYSE:VLO) with 72% of investors opening trades with bullish expectations. Whales have been targeting a price range of $100 to $140 for Valero Energy over the last 3 months. The stock is currently down 2.85% at $110.96.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:17 pm

ABT

Unusual options activity has been observed in Abbott Laboratories (NYSE:ABT), with 69% of investors taking a bearish stance. Whales have been targeting a price range of $90 to $110 for the company over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:16 pm

DLNG

Dynagas LNG Partners (NYSE:DLNG) reported Q1 earnings with an EPS of $0.1, missing estimates by 52.38%. Revenue was up $4 million YoY. Last quarter, the company missed EPS by $0.11, resulting in a 3.83% share price drop the next day.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:15 pm

ARAV

Aravive Inc has filed for a mixed shelf offering of up to $250 million, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:14 pm

EXAS

Exact Sciences Corp. announced that its Cologuard test demonstrated a 94% sensitivity for colorectal cancer at 91% specificity. This positive result may boost the company's reputation and demand for its product.

Portfolio Pulse from Bill Haddad

June 20, 2023 | 8:09 pm

FDX

FedEx introduces its fiscal 2024 outlook, projecting $1.8 billion in DRIVE cost savings and an EPS of $16.50-$18.50, compared to the $18.36 estimate. The company also plans to repurchase $2.0 billion of its common stock.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:06 pm

BABA

In the last quarter, Alibaba Group Holding (NYSE:BABA) received 17 bullish and 4 somewhat bullish ratings from analysts. The average 12-month price target for the company is $153.57, with a high of $220.00 and a low of $115.00. The average price target has increased by 6.81% over the past month.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:02 pm