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JILL

J.Jill Inc (NYSE:JILL) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings and raised its outlook. The company saw a 7.5% increase in sales, a 3.1% rise in comparable sales, and an 11.6% growth in direct-to-consumer net sales. Gross profit grew by 8.6%, and the gross margin expanded by 80 basis points. Operating income increased by 11.8%, and adjusted EPS of $1.22 beat the consensus of $0.99. J.Jill raised its FY24 sales growth guidance to 1%-3% and expects adjusted EBITDA to decline by 1%-3%.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 12:46 pm

NEOG

Neogen Corporation has launched CelluSmart Technology, a new product aimed at the biofuel industry. This technology is expected to enhance the efficiency of biofuel production.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:45 pm

IRMD

IRadimed Corporation (NASDAQ:IRMD) announced that its common stock will uplist to the Nasdaq Global Market, effective June 14, 2024. The stock will continue to trade under the ticker symbol 'IRMD'.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:42 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) has seen a significant stock price increase following its acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The deal, expected to close in the first half of 2025, expands Robinhood's market presence globally. Robinhood's stock has risen 151.86% over the past year and 80.30% year-to-date, with strong technical indicators suggesting continued bullish momentum. However, the company is also facing potential regulatory actions from the SEC.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 12:41 pm

VCIG

VCI Global shares are trading higher following the announcement of their new 'Socializer' secured messaging platform.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:41 pm

BAH

MCK

MDB

WDC

The Nasdaq 100 closed slightly lower, with notable insider sales from McKesson, Western Digital, Booz Allen Hamilton, and MongoDB. Insider sales can indicate various factors, including concerns about company prospects or stock overvaluation.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 12:40 pm

VCIG

VCI Global has announced the launch of its new 'Socializer' secured messaging platform, aimed at enhancing secure communication for users.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:40 pm

SPY

UUP

The U.S. labor market outperformed expectations in May, with nonfarm payrolls increasing by 272,000 and wages rising by 4.1% year-over-year. This led to a rise in Treasury yields and a rally in the U.S. dollar index, while futures on major U.S. indices fell.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 12:40 pm

ICU

SeaStar Medical Holding Corporation (NASDAQ:ICU) announced the publication of a peer-reviewed article in Nature Scientific Reports detailing the mechanism of action of its Selective Cytopheretic Device (SCD) in immunomodulating excessive inflammation. The study highlights the potential of SCD in treating organ dysfunction caused by hyperinflammation and cytokine storms.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:40 pm

CDXC

ChromaDex shares are trading higher after the company received exclusive FDA Orphan Drug Designation and Rare Pediatric Disease Designation for Nicotinamide Riboside Chloride in the treatment of Ataxia Telangiectasia.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:37 pm