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GME

$1000 invested in GameStop (NYSE:GME) 5 years ago would now be worth $7,340.05, showcasing an annualized return of 49.77% and outperforming the market by 36.76%. GameStop's current market capitalization stands at $4.77 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:32 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has seen a 5.71% increase in short interest, now at 2.11 million shares or 1.11% of float, with a 2.65-day average to cover. This rise indicates a more bearish market sentiment towards AJG, though it has less short interest compared to its peers' average of 3.76%.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:30 pm

CDNS

Cadence Design Systems (NYSE:CDNS) has seen a 10.53% decrease in short interest, now at 2.46 million shares or 1.02% of float. With a trading volume that suggests a 2.26-day cover period, this change may indicate shifting market sentiment. Compared to its peers' average short interest of 3.93%, CDNS has a lower short interest, suggesting a potentially more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:30 pm

FIX

Comfort Systems USA (NYSE:FIX) has seen a 12.73% increase in short interest, now at 1.23 million shares or 4.96% of float, indicating a bearish market sentiment. With a short interest higher than its peer average of 4.56%, it suggests a cautious outlook among investors. However, an increase in short interest can sometimes be bullish, suggesting potential for profit if the stock price increases.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:30 pm

ESPR

Esperion Therapeutics shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:27 pm

PLNH

Planet 13 Holdings Inc. completed the sale of Planet 13 Florida to SGW FL Enterprises, LLC for $9 million, a step towards its $48.9 million acquisition of VidaCann, LLC. This acquisition will significantly expand Planet 13's market presence in Florida, adding 26 dispensaries to its network. The sale was approved by the Florida Office of Medical Marijuana Use, and the acquisition of VidaCann is expected to close in May. Planet 13's recent public offering raised approximately $11.3 million to fund this acquisition and further expansion.

Portfolio Pulse from Jelena Martinovic

May 07, 2024 | 2:24 pm

BP

BP shares are trading lower due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:22 pm

ESPR

Esperion Therapeutics (NASDAQ:ESPR) reported a significant increase in first-quarter revenues, reaching $137.74 million, a 467% increase year-over-year, and surpassing consensus estimates of $84.51 million. The company also reported an EPS of $0.34, beating the consensus of $0.05 and marking a turnaround from a loss of $(0.79) a year ago. The revenue boost was attributed to U.S. net product revenue growth of 46% Y/Y and collaboration revenue of $113.0 million, driven by increased tablet sales and a settlement-related milestone payment. The FDA approved new label expansions for NEXLETOL and NEXLIZET tablets, and the company has initiated commercial initiatives to increase patient awareness. Esperion also began the technology transfer process for tablet manufacturing to Daiichi Sankyo Europe and authorized commercialization of a new triple formulation product. The company expects FY 2024 operating expenses to be between $225 million and $245 million. ESPR shares rose 5.20% to $2.23.

Portfolio Pulse from Vandana Singh

May 07, 2024 | 2:20 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has exercised options to acquire cannabis brands Wana and Jetty, aiming to strengthen its position in the U.S. market. The acquisitions, contingent on regulatory approvals, will see Canopy USA owning Wana fully and holding a 75% stake in Jetty. These moves are expected to drive revenue growth and achieve cost synergies, especially as the DEA considers reclassifying cannabis, potentially easing business operations. CGC's stock was slightly up following the announcement.

Portfolio Pulse from Patricio Liddle

May 07, 2024 | 2:20 pm

HNRA

HNR Acquisition Corp has announced compliance with NYSE American Company Guide requirements after filing its annual report on Form 10-K on May 3, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:20 pm