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JILL

J.Jill has announced a proposed offering of 2 million shares of its common stock, with 1 million shares offered by the company and 1 million shares by an affiliate of TowerBrook Capital Partners L.P. The proceeds from J.Jill's share sale will be used for debt repayment and general corporate purposes, while the company will not receive any proceeds from the shares sold by the affiliate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:06 pm

PLAY

Dave & Buster's Enter (NASDAQ:PLAY) reported Q1 earnings of $1.12 per share, missing the analyst estimate of $1.70 by 34.12%. Sales were $588.10M, also missing the estimate of $621.26M by 5.34%. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:06 pm

SPY

The S&P 500 closed higher following soft inflation data, and the Federal Reserve decided to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) will hold its annual shareholders meeting on Thursday, where a vote on a new compensation package for CEO Elon Musk will take place. A recent poll by Benzinga shows that a majority of Tesla shareholders support the new plan. The outcome of the vote could impact Musk's involvement with Tesla and his other ventures.

Portfolio Pulse from Chris Katje

June 12, 2024 | 8:03 pm

AMGN

High-rolling investors have shown significant interest in Amgen (NASDAQ:AMGN) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner identified 9 trades, including 8 calls and 1 put, indicating a targeted price range of $200 to $320. This unusual activity suggests potential privileged information.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:02 pm

TMO

Wealthy investors have taken a bearish stance on Thermo Fisher Scientific (NYSE:TMO), as evidenced by 18 uncommon options trades. The sentiment is split with 50% bearish and 33% bullish. The major market movers are focusing on a price band between $570.0 and $600.0. The stock is currently trading at $575.37, down by -0.09%.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:02 pm

CHAA

Catcha Investment Corp (NYSE: CHAA) has received shareholder approval for its business combination with Crown LNG Holdings AS. The transaction is expected to close by June 28, 2024, after which the combined company will commence trading.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:02 pm

CARA

Cara Therapeutics has decided to discontinue its clinical program for oral difelikefalin in treating notalgia paresthetica after the KOURAGE-1 study showed no meaningful clinical benefit at any dose compared to placebo. The company will now explore strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:01 pm

RNA

Avidity Bioscience has announced a proposed public offering of $300 million of common stock. This move is likely aimed at raising capital for ongoing and future projects.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:01 pm

BA

LUV

SPR

Southwest Airlines CEO Bob Jordan refuses to step down despite pressure from activist investor Elliott Investment Management, which is pushing for leadership changes and policy revisions. Southwest expects fewer plane deliveries from Boeing this year and is considering changes to its seating policy. The company plans to unveil a broad plan in September.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 8:01 pm