Streetbeat News

Stock Prices

ALB

Albemarle Corporation's stock price is trading lower following the announcement of a proposed public offering of depositary shares. This move could potentially dilute existing shareholders' equity, leading to the decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:38 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) announced a private offering of $600 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $90 million. The proceeds are intended for acquiring more Bitcoin and general corporate purposes. This follows the company's ongoing investment in Bitcoin, having acquired 193,000 Bitcoins since 2020. The stock was down 4.42% in after-hours trading following the announcement.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 9:35 pm

ATER

FOSL

SFIX

TDUP

In Monday's after-market session, several consumer discretionary stocks showed notable movements. Aterian, Fossil Group, Interactive Strength, Rent the Runway, EpicQuest Education Group, and Newegg Commerce were among the gainers, with increases in their stock prices. On the other hand, ThredUp, Stitch Fix, BowFlex, BurgerFi International, Cato, and AMMO experienced declines, with ThredUp and Stitch Fix specifically reacting to their earnings releases.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

CARA

EKSO

RBOT

In Monday's after-market session, health care stocks saw significant movements. Vicarious Surgical (RBOT) led the gainers with a 24.9% increase following their Q4 earnings report. Ekso Bionics Holdings (EKSO) and Jaguar Health (JAGX) also posted strong gains after their Q4 earnings. On the losing side, Cara Therapeutics (CARA) dropped 15% after its Q4 earnings, with Moleculin Biotech (MBRX) and Tandem Diabetes Care (TNDM) also experiencing declines.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

AVAV

MNTS

RMCO

In Monday's after-market session, several industrials stocks saw significant movements. Momentus (MNTS) led the gainers with a 55.1% increase, while Royalty Management Holdings (RMCO) experienced the largest drop among the losers, falling 9.2%. Notably, AeroVironment (AVAV) saw a 16.99% rise following their Q3 earnings report.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

DSP

GTLB

SEMR

In Monday's after-market session, several Information Technology stocks showed significant movement. Viant Technology, Phunware, CommScope Holding Co, Casa Systems, Sonim Technologies, and Intrusion experienced gains, with Viant Technology leading at an 8.9% increase following their Q4 earnings report. Conversely, GitLab, SEMrush Holdings, ARB IOT Group, MicroStrategy, Presto Automation, and inTest faced declines, with GitLab dropping 11.6% after their Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

OFS

OFS Capital reported Q4 earnings of $0.35 per share, missing the consensus estimate of $0.39, and sales of $13.48M, below the $14.20M estimate. This represents a year-over-year earnings stagnation and a 3.68% decrease in sales.

Portfolio Pulse from Happy Mohamed

March 04, 2024 | 9:32 pm

SEMR

SEMrush Holdings (SEMR) reported Q4 2023 adjusted EPS of $0.050, surpassing the $0.040 estimate, with sales of $83.400M exceeding the $83.106M estimate, marking a 21.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:31 pm

PAY

Paymentus Holdings (NYSE:PAY) reported Q4 earnings with an EPS of $0.09, beating estimates by 29% and showing a revenue increase of $32.62 million from the previous year. The company has consistently outperformed EPS estimates over the past four quarters, leading to a 7% share price increase after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:30 pm

AVAV

AeroVironment (NASDAQ:AVAV) reported Q3 earnings with a significant beat on estimates, posting an EPS of $0.63 against an expected $0.33, and a revenue increase of $52.18 million year-over-year. Despite past performance showing a share price drop following earnings beats, the company provided optimistic FY 2024 guidance, expecting EPS between $2.69 and $2.83.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:30 pm