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CNK

Cinemark Holdings Inc (NYSE:CNK) reported a fiscal Q2 2024 revenue of $734.2 million, beating analyst estimates. EPS of $0.32 also surpassed expectations. Despite a decline in admissions and concession revenue, the company highlighted the success of 'Inside Out 2'. CNK shares are trading higher by 7.80% premarket.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:21 pm

BBLG

Bone Biologics shares are trading lower after the company announced an exercise of warrants for $2.1 million gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:19 pm

AAPL

AI

AMD

AMZN

INTC

MADE

NVDA

QQQ

TSLA

WAY

The top 10 trending stocks on WallStreetBets as of August 2, 2024, include INTC, NVDA, AMZN, AAPL, WAY, QQQ, MADE, TSLA, AMD, and AI, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:16 pm

AAL

American Airlines Group (NYSE:AAL) has seen a 26.56% increase in short interest, with 110.41 million shares sold short, representing 19.11% of its float. This is significantly higher than its peers' average short interest of 10.86%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 1:15 pm

GPAK

Gamer Pakistan shares are trading lower after the company announced it received a delisting notice from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:14 pm

CLAR

Clarus shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:14 pm

CC

Chemours shares are trading lower after the company reported mixed Q2 financial results and issued weak Q3 net sales guidance.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:09 pm

TEAM

Atlassian Corporation (NASDAQ:TEAM) reported better-than-expected Q4 earnings, with EPS of 66 cents beating the estimate of 60 cents and sales of $1.131 billion surpassing the $1.130 billion estimate. Despite positive results, the stock fell 1.9% to $173.24. Analysts revised their price targets: Baird downgraded to Neutral with a target of $175, Goldman Sachs upgraded to Buy with a target of $230, and Truist Securities maintained Hold but cut the target to $160.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:05 pm

CLSK

CleanSpark Inc. (NASDAQ: CLSK) released its July 2024 Bitcoin mining update, reporting 494 Bitcoin mined and a 567% YoY increase in treasury. The company expanded into Wyoming and Tennessee, securing power agreements and increasing its hashrate.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:03 pm

NVDA

Elliott Management has stated that Nvidia is in a 'bubble' and that AI is 'overhyped'. This could lead to short-term volatility in Nvidia's stock price as investors react to these claims.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:02 pm