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ABBV

PBLA

SGMO

On Thursday, 148 companies set new 52-week lows, with AbbVie being the largest firm by market cap to set a new low. Panbela Therapeutics saw the largest move, with shares plummeting 2609.91% to hit a new low, while Sangamo Therapeutics was the most promising stock, trading flat after reaching its new low.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 4:59 pm

VSCO

Victoria's Secret shares fell 11% due to a sharp decline in first-quarter EPS. Other stocks experienced significant gains and losses during Thursday's mid-day session, with Reunion Neuroscience, U Power, and Wearable Devices among the top gainers, while DZS, E-Home Household Service, and Aridis Pharmaceuticals were among the top losers.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 4:58 pm

VTV

VUG

The Vanguard Growth ETF (VUG) has outperformed the Vanguard Value ETF (VTV) by 29% in 2023, driven by a surge in AI and tech stocks. The growth style's recovery has erased value's 2022 outperformance, with major contributions from Apple, Microsoft, NVIDIA, Alphabet, Amazon, Tesla, and Meta Platforms.

Portfolio Pulse from Piero Cingari

June 01, 2023 | 4:57 pm

IBKR

Interactive Brokers Group (NASDAQ: IBKR) reported its Electronic Brokerage monthly performance metrics for May 2023, with 1.860 million Daily Average Revenue Trades (DARTs), 19% lower than the prior year but 5% higher than the prior month. Client equity reached $345.1 billion, a 10% increase YoY and 1% increase MoM.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 4:55 pm

TTEK

Tetra Tech has been awarded a £60 million water asset management contract by Scottish Water, leading to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:53 pm

ETRN

Equitrans Midstream's stock is trading higher following an upgrade from Wolfe Research, which changed its rating from Peer Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:44 pm

LFCR

Lifecore Biomedical Inc (NASDAQ:LFCR) reported a Q3 FY23 revenue decline of 26% Y/Y to $27.60 million, missing the consensus of $28 million. The company is currently evaluating strategic alternatives to maximize stockholder value.

Portfolio Pulse from Lekha Gupta

June 01, 2023 | 4:40 pm

SOFI

SoFi Technologies has an option alert for June 16 $7 calls sweep with 1,554 contracts traded at $0.571, near the ask price, compared to an open interest of 34,346 contracts. The reference price is $7.245.

Portfolio Pulse from Charles Gross

June 01, 2023 | 4:35 pm

CVX

Chevron's stock is trading higher following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:35 pm

SBIG

Cannabis marketing platform SpringBig Holdings (NASDAQ:SBIG) has closed a $4 million public equity offering, raising approximately $3 million in gross cash proceeds. The company's Q2 2023 financial projections expect revenue between $7.3 million and $7.6 million, representing 15% YoY growth.

Portfolio Pulse from Jelena Martinovic

June 01, 2023 | 4:33 pm