Streetbeat News

Stock Prices

VEEV

Veeva Systems shares are trading lower after the company issued weak revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:46 am

SMMT

Summit Therapeutics shares are trading lower after a significant rise of over 270% on Thursday due to positive cancer data.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:46 am

BURU

MDB

XHG

ZS

Zscaler, Inc. (NASDAQ:ZS) shares surged 17.5% in pre-market trading after reporting better-than-expected third-quarter earnings. The company posted a 32% year-over-year revenue increase to $553.2 million, beating estimates, and adjusted earnings of 88 cents per share, surpassing analyst expectations. Other notable pre-market movers include Nuburu, Inc. (NYSE:BURU), XChange Tec Inc (NASDAQ:XHG), and MongoDB, Inc. (NASDAQ:MDB).

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:44 am

FBTC

GBTC

Bitcoin spot ETFs have seen a $48.706 million inflow on May 30, marking the thirteenth consecutive day of positive net inflows. The Grayscale Bitcoin Trust (GBTC) reported no outflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) saw a $119 million inflow. Ethereum spot ETF trading is progressing, with the SEC requesting draft S-1 filings from issuers.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 11:40 am

AGRO

HRL

KR

SAM

TAP

The article highlights five oversold stocks in the consumer staples sector with RSI values near or below 30, indicating potential buying opportunities. The companies mentioned are Molson Coors Beverage Company, Adecoagro S.A., The Kroger Co., The Boston Beer Company, Inc., and Hormel Foods Corporation.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:38 am

VEEV

Veeva Systems Inc (NYSE:VEEV) reported better-than-expected Q1 earnings but issued weak revenue guidance, leading to a 3.2% drop in its share price. Analysts from Piper Sandler, B of A Securities, and Needham adjusted their price targets for the stock.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:38 am

SNGX

Soligenix plans to implement a reverse stock split at a ratio of 1 post-split share for every 16 pre-split shares. The stock will continue trading on Nasdaq under the symbol SNGX and will begin trading on a split-adjusted basis on June 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:32 am

JOB

NEPH

SQFT

The article highlights recent insider transactions for three penny stocks: Nephros, Presidio Property Trust, and GEE Group. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:28 am

MDB

MongoDB, Inc. (NASDAQ:MDB) reported strong Q1 earnings but issued weak FY25 guidance, leading to a 7.2% drop in share price. Analysts from Piper Sandler and Needham have slashed their price targets while maintaining positive ratings.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:27 am

AMBA

ASAN

DELL

GPS

QQQ

SPY

Wall Street is poised for a strong finish in May despite futures slipping due to inflation data concerns. The S&P 500 and Nasdaq 100 futures are down, and premarket trading shows declines in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ). Mixed reactions to earnings reports from tech and retail sectors are noted. Dell Technologies (DELL) plunged over 15% in premarket trading following earnings, while other stocks like Ambarella (AMBA), Asana (ASAN), and Gap (GPS) saw significant movements.

Portfolio Pulse from Shanthi Rexaline

May 31, 2024 | 11:26 am