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Stock Prices

SPY

The Federal Reserve's preferred inflation measure, the PCE price index, held steady in April, matching expectations. However, personal income and spending growth rates slowed more than predicted, indicating a deceleration in consumer momentum. This has led to a slight downtick in Treasury yields and mixed market reactions.

Portfolio Pulse from Piero Cingari

May 31, 2024 | 12:43 pm

PENN

PENN Entertainment shares are trading higher after shareholder Donerail Group sent a letter to the company's board suggesting that the company could see its stock price double in the event of a sale.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:41 pm

PENN

The Donerail Group has identified significant value potential in PENN Entertainment, criticizing its current strategy and capital allocation. Donerail suggests that PENN's trading price could double if the company is sold.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:41 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) has received a notice of non-compliance from Nasdaq due to its failure to timely file its Quarterly Report for the quarter ended March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:41 pm

INBX

Trading for INBX was halted and then resumed at 8:40:00 AM ET. The halt was due to pending news, and trading has now resumed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:40 pm

MIRM

Mirum Pharmaceuticals (NASDAQ:MIRM) received a positive opinion from the European Committee for Medicinal Products for Human Use (CHMP) for its drug LIVMARLI for the treatment of Progressive Familial Intrahepatic Cholestasis (PFIC) in patients three months and older. The decision is based on a Phase 3 study showing significant reduction in pruritus severity. A decision by the European Commission is expected in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:39 pm

LULU

VFC

V.F. Corporation (NYSE:VFC) shares are rising in the premarket session following the announcement of Michelle Choe as the new Global Brand President of Vans. Choe, who previously served as Chief Product Officer at Lululemon Athletica Inc. (NASDAQ:LULU), brings extensive experience from various renowned global brands.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 12:38 pm

DIA

IWM

QQQ

SPY

Major indexes are higher following April PCE data, with the core PCE price index rising less than expected month over month.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:36 pm

CTRN

Citi Trends reported preliminary Q1 2024 results with total sales of $186.3 million, slightly below the estimated $187.37 million. The company saw a same-store sales increase of 3.1% but reported an EBITDA loss of $0.8 million. Further details will be discussed in an investor call on June 4th, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:34 pm

AIM

ImmunoTech has announced the pricing of a registered direct offering of 5,640,958 shares at $0.363 per share, aiming to raise approximately $2 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:33 pm