Streetbeat News

Stock Prices

PSA

The storage unit business is proving to be extremely profitable due to the human tendency to avoid the hassle of moving items. Once a customer stays for a year, they typically stay for five, according to Joseph Russell Jr., CEO of Public Storage (NYSE:PSA). Entrepreneurs are capitalizing on this trend by buying run-down storage facilities, fixing them up, and raising rates. The demand for storage facilities has been soaring over the last two decades.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 12:59 pm

SIX

Six Flags Entertainment Corp (NYSE:SIX) reported Q2 FY23 sales growth of 2% year-on-year to $443.71 million, missing the analyst consensus of $459.03 million. Attendance increased by 6% Y/Y, while total guest spending per capita decreased by 5% Y/Y. The operating income fell 21.9% to $113.3 million. Adjusted EPS for the quarter of $0.72 missed the estimate of $0.78. SIX shares traded lower by 2.19% premarket.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 12:58 pm

ATNF

180 Life Sciences has announced the pricing of a $3 million public offering, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:57 pm

MTNB

Martinas Biopharma reported its Q2 financial results, which led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:56 pm

SPRC

SciSparc has announced a proposed underwritten public offering of approximately $1.3 million, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:55 pm

EDBL

Edible Garden's shares are trading higher following the company's announcement of better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:55 pm

AMRS

Amyris, Inc. has announced that it has filed for Chapter 11 bankruptcy, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:54 pm

AAPL

DIS

PENN

Rumors of Apple Inc. buying Walt Disney Co. have been circulating, but following Disney's Q3 results, an analyst has stated it's unlikely. Disney is struggling with an uncertain economic recovery, impacting its theme park attendance and stock price. However, Apple may be interested in Disney's ESPN division. Disney's ESPN recently announced a sports betting partnership with Penn Entertainment, Inc.

Portfolio Pulse from Shanthi Rexaline

August 10, 2023 | 12:54 pm

GRTX

Galera Therapeutics has received a Complete Response Letter from the FDA for avasopasem manganese, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:53 pm

ZIMV

ZimVie announced that it has received FDA approval for its new Mobi-C implant, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:51 pm