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ADBE

DOCU

DocuSign Inc (NASDAQ:DOCU) shares spiked 12% after reporting better than expected earnings and strong guidance, but later gave up gains due to cautious consumer behavior. Q1 revenue rose 12% YoY to $661.4 million, beating estimates, with subscription revenue also increasing 12% to $639 million. The company faces intensified competition, particularly from Adobe Inc (NASDAQ:ADBE).

Portfolio Pulse from Upwallstreet

June 14, 2023 | 3:30 pm

BWV

Blue Water Biotech (NASDAQ:BWV) announced the acquisition of six FDA-approved drugs from WraSer, LLC. and Xspire Pharma, LLC. for $8.5 million cash and 1 million restricted shares of Blue Water's common stock. The acquisition is expected to strengthen Blue Water's financial position and advance its vaccine pipeline.

Portfolio Pulse from Erica Kollmann

June 14, 2023 | 3:23 pm

M

SFIX

Stitch Fix has appointed former Macy's executive Matt Baer as its CEO, effective June 26, 2023. Baer was previously Chief Customer & Digital Officer at Macy's, responsible for the growth and strategic long-term vision of Macy's and Bloomingdale's digital businesses.

Portfolio Pulse from Shivani Kumaresan

June 14, 2023 | 3:22 pm

INOD

Innodata announced the start of generative AI training dataset development for a leading cloud infrastructure and platform services company, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:20 pm

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) hit a new 52-week low, trading lower by 7.2% week-to-date. The decline is attributed to a slump in the Producer Price Index (PPI) and strength in large-cap semiconductor stocks and AI optimism driving the Nasdaq-100 higher.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 3:15 pm

SPY

The US Labor Department reported a two-year low inflation rate for May 2023, with the annual inflation rate at 4%. The S&P 500 has experienced an upward trend, with the information technology sector growing by 37% this year. The index is progressing towards breaking its all-time high of $4818.

Portfolio Pulse from Zaheer Anwari

June 14, 2023 | 3:09 pm

NBSE

NeuBase Therapeutics announced a 1-for-20 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:08 pm

MIND

MIND Technologies reported worse-than-expected Q1 EPS results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:07 pm

GSIT

GSI Technology (GSIT) sees a sweep of 85 Dec 15 $5 calls near the ask price at $4.2, compared to 486 open interest. Earnings are expected on 7/27 after market close with the stock currently trading at $7.85.

Portfolio Pulse from Charles Gross

June 14, 2023 | 3:06 pm

LNG

Florida Representative Maria Elvira Salazar reported a sale of $50,001 - $100,000 in Cheniere Energy (AMEX:LNG) stock on June 13, 2023. Cheniere Energy shares are trading up 0.8% at $146.53.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 3:05 pm