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ANF

Abercrombie & Fitch (NYSE:ANF) reported strong Q1 results with adjusted earnings per share (EPS) of $2.14, beating the analyst estimate of $1.73 by 23.7%. Sales reached $1.02 billion, surpassing the $963.26 million estimate and marking a 22.01% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:31 am

OZK

Bank OZK shares are trading lower following a downgrade from Citigroup, which changed its rating from Buy to Sell and reduced the price target from $57 to $37.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:28 am

VIK

Viking Holdings shares are trading lower after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:27 am

AXSM

Axsome Therapeutics will present data on Solriamfetol, showing cognitive improvements, at the SLEEP 2024 conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:25 am

ASRT

Assertio has appointed Brendan P. O'Grady as the new Chief Executive Officer and a member of the Board, effective May 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:25 am

BITF

Trading halt status was updated at 7:25:00 AM ET, with details on quotation resumption and news resumption times.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:25 am

SRDX

Surmodics has entered into a definitive agreement to be acquired by private equity firm GTCR for $43.00 per share in cash, valuing the company at approximately $627 million. The acquisition price represents a 41.1% premium to Surmodics' 30-day volume-weighted average closing price. The Board of Directors has unanimously approved the transaction and recommends stockholders vote in favor. Post-transaction, Surmodics will become a privately held company and its stock will be delisted from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:22 am

RPTX

Repare Therapeutics Inc. (NASDAQ:RPTX) announced that initial data from its Phase 1 MINOTAUR study on lunresertib (RP-6306) in combination with FOLFIRI for advanced solid tumors will be presented at the ESMO GI Cancers Congress 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:19 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs have seen record inflows of $14.9 billion year-to-date, with a notable shift in investor preference towards newer ETFs like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. Grayscale's Bitcoin Trust experienced significant outflows.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 11:17 am

RIVN

Rivian Automotive (NASDAQ:RIVN) is considering offering its Performance Pack as a software update for all dual-motor R1 models. This upgrade, initially available only for new trucks, significantly enhances the vehicle’s power and speed. The Performance Pack, priced at $5,000, boosts horsepower and torque, improving acceleration times. Rivian's first-quarter revenue beat estimates, but its loss per share was higher than expected.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 11:14 am