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AILE

FTRE

HE

JBLU

MARA

PCRX

PGY

RILY

Several major stocks, including JetBlue Airways, B. Riley Financial, and Hawaiian Electric, are experiencing significant declines in Monday's pre-market trading. JetBlue's drop follows a $400 million convertible senior notes offering, while B. Riley Financial and Hawaiian Electric are down due to weak financial results.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 12:20 pm

PAYO

Payoneer Global Inc. (NASDAQ:PAYO) has announced an offer to purchase all of its outstanding public warrants to purchase shares of its common stock at a price of $0.78 in cash, without interest.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:20 pm

ALZN

Alzamend Neuro (NASDAQ: ALZN) has partnered with Massachusetts General Hospital to conduct a Phase II clinical trial of AL001, a next-generation lithium therapeutic drug candidate. The study aims to compare AL001 with a marketed lithium carbonate product to identify an ideal dose that is safe and effective for treating major depressive disorder (MDD).

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:18 pm

BRO

CROX

NFLX

SIRI

The Nasdaq 100 closed higher by around 100 points during Friday's session. Notable insider trades included sales by executives at Crocs, Netflix, Brown & Brown, and Sirius XM. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Crocs reported strong Q2 earnings, Netflix faced a security breach, Brown & Brown received an analyst upgrade, and Sirius XM reported disappointing Q2 revenue.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 12:18 pm

RILY

B. Riley Financial has suspended its common dividend, which could impact investor sentiment and the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:17 pm

FTRE

Fortrea Holdings shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:14 pm

MTEK

Maris-Tech announced preliminary gross revenues of $3M-$3.4M for the first half of 2024, reflecting a significant year-over-year increase of 630-720%.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:14 pm

AZUL

Azul (NYSE:AZUL) reported Q2 2024 adjusted losses of $(1.23) per share, a 24.24% increase in losses from $(0.99) per share YoY. Sales were $800.804M, missing the $845.352M estimate by 5.27%, but up 0.39% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:14 pm

ASND

Ascendia Pharma shares are trading higher following the FDA approval of YORVIPATH for treating hypoparathyroidism in adults.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:13 pm

INDP

Indaptus Therapeutics (NASDAQ:INDP) reported a Q2 EPS of $(0.47), beating the analyst estimate of $(0.54) by 12.96%. This represents a 20.51% increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:13 pm