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CAVA

Cava Group Inc (NYSE:CAVA) reported strong Q1 earnings with revenue and EPS beating estimates. The company raised its FY24 guidance and continues to invest in scalable infrastructure. Despite positive results, the stock was down 6.91% after hours.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 8:27 pm

RSLS

ReShape Lifesciences shares are trading higher after the company announced that it received a notice of allowance for its U.S. patent application 17/572,387 titled 'INTRAGASTRIC DEVICE (FOR TREATING OBESITY)'.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:26 pm

OCN

Ocwen Financial Corporation has received shareholder approval to rebrand as Onity Group Inc. The new name and NYSE trading symbol 'ONIT' are expected to be effective on June 10, 2024. Additionally, PHH Mortgage will rebrand to Onity Mortgage in the fall of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:25 pm

NBTX

Nanobiotix (NASDAQ:NBTX) will present new data from its Phase 1 immunotherapy program at the 2024 ASCO Annual Meeting. The data, from Study 1100 evaluating NBTXR3 followed by anti-PD-1 in patients with recurrent or metastatic head and neck cancer, will be presented by Dr. Colette Shen. An investor event will follow the presentation.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:21 pm

FLYX

flyExclusive has received a non-compliance notice from the NYSE, indicating that the company is not meeting certain listing standards. This could potentially impact investor confidence and the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:20 pm

MCD

McDonald's Corp (NYSE:MCD) shares have dropped nearly 15% in 2024 due to inflation-related declines in demand. Franchisee Scott Rodrick discussed on CNBC the need for a national value proposition to regain customers, including a $5 meal deal launching soon. Bank of America analyst Sara Senatore holds a Neutral rating for MCD with a price target of $288.

Portfolio Pulse from Hayden Buckfire

May 28, 2024 | 8:20 pm

OOMA

Ooma shares are trading higher following the release of better-than-expected Q1 2025 financial results. The company also provided Q2 and FY25 guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:19 pm

BWMX

BeFra is transferring the listing and trading of its common stock from Nasdaq to NYSE, effective June 7, 2024. The stock will continue to trade under the ticker symbol 'BWMX'.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:19 pm

OOMA

Ooma has released its Q2 2025 financial guidance, projecting adjusted EPS of $0.13-$0.14, which is higher than the previous estimate of $0.12. The company also expects revenue to be in the range of $62.5M-$63.0M, slightly above the estimated $62.283M.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:18 pm

IKNA

Ikena Oncology (IKNA) announced a workforce reduction of approximately 53%. This move is likely aimed at cost-saving measures and streamlining operations.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:18 pm