Streetbeat News

Stock Prices

EBET

ISPO

PENN

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. EBET, PENN, CPS, GMBL, VCSA, and REAL were among the gainers, with increases ranging from 8.29% to 51.7%. On the other hand, ISPO, TWOU, LL, RMBL, PEV, and MODG experienced decreases ranging from 7.68% to 15.8%. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 1:06 pm

DBTX

DOCS

PALI

RENB

TNGX

In Wednesday's pre-market session, several healthcare stocks saw significant movement. Renovaro Biosciences, Decibel Therapeutics, Tango Therapeutics, 180 Life Sciences, Mirati Therapeutics, and Akanda saw gains, with Renovaro Biosciences leading with a 292.9% increase. On the other hand, Palisade Bio, Doximity, Vivos Therapeutics, Monopar Therapeutics, BioLife Solns, and Comera Life Sciences experienced losses, with Palisade Bio falling by 66.1%.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 1:06 pm

ARRY

TYGO

During Wednesday's pre-market session, several industrials stocks experienced significant movement. Array Technologies (ARRY), Axon Enterprise (AXON), ADS-TEC Energy (ADSE), Rocket Lab USA (RKLB), Wheels Up Experience (UP), and Momentus (MNTS) saw their shares rise, with ARRY leading the gainers with a 19.2% increase. On the other hand, Tigo Energy (TYGO), Nxu (NXU), FTC Solar (FTCI), AerSale (ASLE), Sunworks (SUNW), and Gates Industrial Corp (GTES) saw their shares decline, with TYGO leading the losers with a 41.3% decrease.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 1:06 pm

ASNS

CTG

VERI

During Wednesday's pre-market session, several IT stocks experienced significant movement. Actelis Networks, Computer Task Gr, LivePerson, Gorilla Tech Gr, Blackboxstocks, and Rapid7 saw their stocks rise, with Actelis Networks leading with a 31.8% increase. On the other hand, Veritone, VIA optronics, Latch, Expensify, Super Micro Computer, and CEVA saw their stocks fall, with Veritone experiencing the largest decrease of 26.8%. The Q2 earnings reports for several of these companies were released recently.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 1:06 pm

UWMC

UWM Holdings has projected its Q3 production to be between $26B and $33B.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:05 pm

XYL

Spruce Point Capital predicts a 30%-45% long-term downside risk to Xylem's share price. They expect Xylem to underperform the S&P 500 and the water industry as its rich multiple compresses.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:05 pm

XYL

Spruce Point Capital Management has released a strong sell research opinion on Xylem Inc. (NYSE:XYL), citing concerns over Xylem's recent $7.5 billion acquisition of Evoqua Water Technologies. Spruce Point believes the acquisition combines two troubled companies that will fail to deliver value for shareholders. The firm also highlighted new accounting concerns and warned that Evoqua was charged for revenue fraud by the SEC and remains under federal investigation. Spruce Point sees a 30% to 45% long-term downside risk to Xylem's share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:04 pm

TYGO

Tigo Energy reported lower than expected Q2 sales results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:04 pm

SOUN

SoundHound AI Inc's Q2 results exceeded analyst expectations with revenues of $8.8 million, up 42% YoY, and an EPS loss of 10 cents. The company ended the quarter with approximately $130 million in cash. SoundHound also reaffirmed its full-year 2023 revenue guidance of $43 million to $50 million and expects to be adjusted EBITDA positive in Q4. Following the news, SoundHound shares were up 13.5%.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 1:03 pm

SOUN

SoundHound AI reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:02 pm