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ADNT

Exane BNP Paribas analyst James Picariello has downgraded Adient (NYSE:ADNT) from Neutral to Underperform.

Portfolio Pulse from richadhand@benzinga.com

June 01, 2023 | 1:42 pm

NVDA

TSM

Nvidia CEO Jensen Huang expressed confidence in the company's dependence on Taiwan for chip manufacturing and plans to diversify by sourcing from TSMC's Arizona fab. Nvidia's stock lost 6% on Wednesday due to profit-taking but traded higher by 1.75% on Thursday.

Portfolio Pulse from Anusuya Lahiri

June 01, 2023 | 1:42 pm

GLMD

Galmed Pharmaceuticals (NASDAQ:GLMD) reported Q1 earnings, beating estimated earnings by 27.33% with an EPS of $-1.09 compared to an estimate of $-1.5. Revenue remained unchanged from the same period last year. Last quarter, the company beat EPS by $0.6, resulting in a 4.42% share price increase the next day.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 1:40 pm

CVNA

Carvana Co. shares were halted on a circuit breaker to the downside, indicating a significant drop in the stock price.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:38 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum recorded losses, with Bitcoin trading below $27,000 and Ethereum above $1,800. GateToken was the biggest loser among cryptocurrencies, while XDC Network was the top gainer. The global crypto market cap fell to $1.13 trillion, a 24-hour decline of 0.5%.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 1:33 pm

F

Ford Motor (NYSE:F) plans to recall 142,000 Lincoln MKC SUVs in the United States due to fire risks. The issue is believed to originate near the 12-volt batteries, and Ford is aware of 19 potentially related reports of under-hood fires.

Portfolio Pulse from Nabaparna Bhattacharya

June 01, 2023 | 1:33 pm

PMTS

CPI Card Group Inc. (PMTS) is set to join the Russell 3000 Index, which measures the performance of the largest 3000 U.S. companies by market capitalization.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:32 pm

DLTH

Duluth Holdings reported Q1 FY23 sales growth of 0.7% YoY to $123.76 million, beating the consensus of $118.66 million. Retail store net sales fell by 2.1% while Direct-to-consumer net sales increased by 2.3%. The company reaffirmed its FY23 EPS outlook and sales expectations.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 1:30 pm

VNRX

VolitionRx Limited (NYSE:VNRX) has priced an underwritten public offering of 13 million shares of common stock at $1.27 per share, expecting to raise $16.5 million in gross proceeds. The company plans to use the funds for research, product development, clinical studies, commercialization, working capital, and potential strategic acquisitions.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:30 pm

ALPP

Alpine 4 Holdings (NASDAQ:ALPP) has regained compliance with Nasdaq's minimum bid price requirement by meeting the Nasdaq Capital Market's Listing Rule 5550(a)(2). The company's common stock has maintained a closing bid price of $1.00 or greater for the last 11 consecutive business days.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:29 pm