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MCRB

Seres Therapeutics shares are experiencing volatility after the company entered a memorandum of understanding with Nestlé Health Science for the sale of its VOWST assets. The stock initially traded higher but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:52 pm

MRVL

Marvell Technology shares are trading lower as chip stocks pull back after gaining on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:52 pm

FDIV

MOO

TTC

The Toro Company (NYSE:TTC) shares surged after reporting better-than-expected Q2 FY24 results. Sales increased by 1% Y/Y to $1.35 billion, beating the consensus. Adjusted EPS of $1.40 also surpassed expectations. The company saw significant growth in its residential segment and made progress in reducing dealer field inventories. Toro expects low-single-digit net sales growth and adjusted EPS of $4.25-$4.35 for FY24. Investors can gain exposure via MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) and VanEck Agribusiness ETF (NYSE:MOO).

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 4:51 pm

MLGO

MicroAlgo shares are trading lower after the company announced that it entered into convertible note purchase agreements with certain investors.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:51 pm

SMCI

Super Micro Computer shares are trading lower following recent strength.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:48 pm

IREN

NVDA

Iris Energy Ltd (NASDAQ:IREN) stock is trading higher after the company issued its monthly operations update. The company mined 230 Bitcoin in May, down from previous months due to a halving event. Iris Energy increased its 2024 expansion plans and highlighted its AI cloud services, generating significant profit from NVIDIA GPUs. The company is also exploring growth financing opportunities and has an upcoming Analyst Day and Investor Event on July 23.

Portfolio Pulse from Dylan Berman

June 06, 2024 | 4:47 pm

CERO

CERo Therapeutics Holdings shares are trading lower following the announcement of the completion of toxicology studies for their lead compound CER-1236.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:47 pm

DX

Dynex Capital shares are trading lower after the company priced a $126 million offering.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:46 pm

AR

Antero Resources (NYSE:AR) has seen a 7.14% decrease in its short percent of float, now at 4.55% with 11.10 million shares sold short. This is lower than the peer group average of 7.56%. The decline in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:45 pm

FDMT

4D Molecular Therapeutics (NASDAQ: FDMT) released data from its 4D-710 Phase 1/2 AEROW study for cystic fibrosis lung disease. The data showed positive results in terms of safety and efficacy, but the stock is trading 14.8% lower at $23.23.

Portfolio Pulse from Vandana Singh

June 06, 2024 | 4:43 pm