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KRNT

Kornit Digital shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance with its midpoint above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:26 pm

EHTH

eHealth shares are trading lower, reversing after earlier rising on better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:26 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 234% surge in burn rate over the past 24 hours, with one transaction burning 1.06 million SHIB. Despite a 6% drop in price, traders remain optimistic, predicting a bullish breakout. Large transaction volumes and daily active addresses have decreased, but transactions over $100,000 have increased.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 7:21 pm

TLIS

Talis Biomedical shares are trading lower following the company's announcement of a board restructuring.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:21 pm

CLW

Clearwater Paper shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:20 pm

BWMN

Bowman Consulting Group shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:19 pm

AXS

Axis Capital Holdings (NYSE:AXS) has seen a 5.84% increase in its short percent of float, now at 1.63% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still below the peer group average of 2.16%.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 7:15 pm

ACHC

Acadia Healthcare Co's (NYSE:ACHC) short interest has fallen by 6.19%, with 3.58 million shares sold short, representing 3.94% of the float. This is lower than the peer group average of 6.51%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 7:15 pm

SHOP

Shopify Inc. (NYSE:SHOP) shares surged by 20.4% following a strong Q2 earnings report and an optimistic outlook for Q3 2024. The company reported a 21% year-over-year revenue growth to $2.05 billion, beating analyst estimates. Adjusted EPS was 26 cents, surpassing the 20 cents estimate. Shopify expects Q3 revenue to grow at a low-to-mid-twenties percentage rate and anticipates a 50 basis point improvement in gross margin. J.P. Morgan analysts noted the company's strong performance despite a mixed consumer spend environment.

Portfolio Pulse from Vaishali Prayag

August 07, 2024 | 7:12 pm

CYRX

CryoPort (NASDAQ:CYRX) has received mixed analyst ratings over the past quarter, with a notable decrease in average price targets. Analysts have lowered their ratings and price targets, reflecting concerns over the company's recent performance, including a 13.09% decline in revenue growth. Despite challenges in debt management, CryoPort maintains strong net margins and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 7:09 pm