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YMM

Full Truck Alliance shares surged following the announcement of an extension to its share repurchase program, now up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:44 am

DLTR

Dollar Tree's shares dropped following the announcement of disappointing Q4 financial results and Q1 earnings per share (EPS) guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:37 am

LEGN

Legend Biotech's stock price increased following Raymond James' initiation of coverage with an Outperform rating and an $86 price target.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:34 am

AGFY

Agrify Corporation (AGFY) has entered into a turnkey extraction equipment deal with Justice Cannabis Co., marking its expansion into the New Jersey market. This partnership signifies Agrify's strategic move to enhance its presence in the rapidly growing cannabis industry by providing state-of-the-art extraction equipment to a leading multi-state operator.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:34 am

DV

DoubleVerify Holdings, Inc. (NYSE:DV) has expanded its collaboration with NBCUniversal to offer program-level measurement solutions for OTT devices, including Connected TV (CTV). This partnership aims to provide NBCUniversal advertisers with tools to assess brand safety, suitability, and content performance at the program level. The company, which has seen a 34% increase in its stock over the last year, expects Q1 revenue of $136 million to $140 million and full-year 2024 revenue of $688 million to $704 million, marking a 22% increase at the midpoint. Macquarie analyst Tim Nollen upgraded DoubleVerify from Neutral to Outperform with a $40 price target.

Portfolio Pulse from Nabaparna Bhattacharya

March 13, 2024 | 11:33 am

EVRG

B of A Securities analyst Julien Dumoulin-Smith upgraded Evergy (NASDAQ:EVRG) from Neutral to Buy and increased the price target from $51 to $57, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:33 am

ARCO

Arcos Dorados Holdings (NYSE:ARCO) reported Q4 GAAP EPS of $0.26, missing the $0.31 estimate, but sales of $1.18B exceeded the $1.15B estimate, marking a 16.04% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:33 am

TSLA

Tesla shareholders, upset with the Delaware Court's nullification of CEO Elon Musk's 2018 compensation package worth $56 billion, attempted to influence the court through letters and are now considering a floral tribute to shareholder rights. The court's decision, seen as unfair by some shareholders, led to a unique form of protest supported by Musk himself.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 11:27 am

NVDA

ORCL

U.S. markets closed higher with the S&P 500 hitting a record high, driven by Oracle's rally and positive consumer price data. Oracle announced a collaboration with Nvidia, boosting their shares. Asian markets saw mixed results, while European markets and commodities, especially crude oil, traded higher. Economic data showed a rise in inflation to 3.2% year-over-year in February 2024.

Portfolio Pulse from Akanksha Bakshi

March 13, 2024 | 11:22 am

TRDA

Entrada Therapeutics (TRDA) reported a Q4 GAAP EPS of $(0.29), missing the $(0.17) estimate, but sales of $41.85M exceeded the $23.69M estimate. The EPS loss improved by 63.29% from the previous year, while sales significantly outperformed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:21 am