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CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q3 earnings with an EPS of $3.0, beating estimates by 22.0% but with a revenue decrease from the previous year. Despite missing EPS estimates last quarter, the share price increased by 3.0% the following day.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:25 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) is expanding its presence in Germany in response to the country's new cannabis legalization law. The Canadian-based company, serving all 50 U.S. states and 28 countries, plans to launch a cannabis home grow kit in Germany, capitalizing on the recreational cannabis market expected to reach $4.2 billion. Additionally, Flora Growth announced its intention to acquire TruHC Pharma GmbH for $6.4 million in stock, aiming to leverage TruHC's German cannabis platform. The company also signed an exclusive distribution agreement with Althea Group Holdings Limited for Vessel brands in the UK, targeting the vape pen and dry herb vaporizers market.

Portfolio Pulse from Jelena Martinovic

April 02, 2024 | 8:22 pm

ON

ON Semiconductor Corporation (NASDAQ:ON), known as onsemi, has advised its stockholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 1.5 million shares at $70.75 each, which is below the market value. The offer price is approximately 4.4% lower than onsemi's closing share price on March 19, 2024. onsemi has emphasized that it is not affiliated with TRC Capital Investment and has cautioned its investors to consult with their financial advisors and exercise caution. The offer, representing about 0.35% of onsemi's outstanding shares, is set to expire on April 19, 2024, but may be extended by TRC Capital Investment.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:16 pm

BONK

SOL

WIF

Pseudonymous cryptocurrency trader Altcoin Sherpa views Bonk (CRYPTO: BONK) as having a better potential upside compared to other meme coins despite its recent 11% monthly loss. Bonk maintains good liquidity and could reclaim its top Solana meme coin position with certain catalysts. However, Dogwifhat (CRYPTO: WIF) has overtaken Bonk as the top meme coin on Solana. Despite the challenges, Bonk has seen a significant yearly gain of 3,539.6% and recently burned 2.5 billion BONK tokens. The future of meme coins and Bitcoin as an institutional asset will be discussed at Benzinga's Future of Digital Assets event.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 8:12 pm

PLAY

Dave & Buster's shares are trading lower due to worse-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:09 pm

PLAY

Dave & Buster's reported a 7.0% decrease in Q4 pro forma combined comparable store sales year-over-year, but an 8.0% increase compared to 2019. This includes sales from Main Event branded stores.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:07 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q3 earnings of $3.00 per share, surpassing the $2.46 estimate, and sales of $703.08M, exceeding the $692.35M estimate. However, this represents a 54.68% decrease in earnings and a 29.52% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

LGVC

LAMF Global Ventures Corp. I's shareholders have approved a business combination with Nuvo Group Ltd., a remote pregnancy monitoring platform. The merger involves LAMF, Nuvo, Holdco Nuvo Group D.G Ltd., Nuvo Assetco Corp., and H.F.N Insight Merger Company Ltd. Over 93.4% of LAMF's Class A ordinary shares voted in favor. Post-merger, the combined entity will be listed on Nasdaq under the ticker 'NUVO', with warrants under 'NUVOW'. Approximately 2.9 million LAMF shares were redeemed at $11.03 each, leaving about $434,982 in the trust account.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:02 pm

WBA

Walgreens Boots Alliance (WBA) shares declined on Tuesday, influenced by a broader downturn in healthcare stocks. This sector-wide drop was triggered by the CMS's finalization of payment updates for the 2025 Medicare Advantage and Medicare Part D programs.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:02 pm

VIEW

Trading for VIEW was halted at 4:01:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:01 pm