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KZIA

Kazia Therapeutics shares experienced increased volatility and are trading lower after initially spiking, following the announcement of the early conclusion of the Phase 1 Paxalisib trial in solid tumors upon reaching the primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:19 pm

WING

Wingstop Inc. (NASDAQ:WING) reported Q4 fiscal 2023 earnings with adjusted EPS of 64 cents, surpassing Wall Street's estimate of 57 cents. Revenues rose 21.2% to $127.05 million, exceeding expectations. System-wide sales increased 24.5% to $965.9 million. The company announced 115 net new openings, bringing the total to 2,214 Wingstop restaurants. Adjusted EBITDA grew 13.2% to $39.1 million. A quarterly dividend of 22 cents per share will be paid on March 29, 2024. For fiscal 2024, Wingstop anticipates mid-single-digit domestic same-store sales growth and around 270 global net new units. The company expects stock-based compensation expense of about $19 million and depreciation and amortization of $18 million to $19 million. Despite the positive report, WING shares dropped 2.77% to $315.47.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 4:16 pm

DOGEUSD

GME

SHIBUSD

Benzinga's poll reveals GME Coin as the most popular meme coin among its social media followers, with Shiba Inu in second place. The interest in meme coins is rising, influenced by the cryptocurrency market's optimism and events like the approval of Bitcoin ETFs. GME Coin, inspired by GameStop but not affiliated, gained traction due to the 'Dumb Money' Netflix release and its narrative aligning with crypto traders' sentiments. Solana led 2023 returns among major cryptocurrencies, followed by Bitcoin, Ethereum, and Dogecoin.

Portfolio Pulse from Chris Katje

February 21, 2024 | 4:15 pm

TDY

Teledyne Technologies (NYSE:TDY) has seen a 3.93% increase in short interest, now at 843 thousand shares or 2.38% of float, taking 3.52 days on average to cover. This rise in short interest can indicate a bearish market sentiment towards TDY, although it has less short interest compared to its peers' average of 6.86%. The increase doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:15 pm

MANH

Manhattan Associates (NYSE:MANH) has seen a 41.72% decrease in short interest, now at 936k shares or 1.97% of float. This reduction could indicate a more bullish sentiment towards MANH. Compared to its peers' average short interest of 3.04%, MANH is below average, suggesting less bearish sentiment among investors towards it.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:15 pm

HOOD

Robinhood Markets (NYSE:HOOD) has seen a decrease in short interest, with 31.32 million shares sold short, representing 4.61% of its float. This is a 12.36% drop since the last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with an average short interest of 4.76% in its peer group.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:15 pm

CMND

SPRC

SciSparc Ltd. (NASDAQ:SPRC) and Clearmind Medicine Inc. (NASDAQ:CMND) have filed three patent applications for novel psychedelic compound combinations, aiming to enhance their market position and attract investments for mental health treatments. The patents involve combinations of LSD, psilocybin, DMT, and PEA, with the latter being the active ingredient in SciSparc's CannAmide. This collaboration seeks to protect their innovative therapies exclusively. Following the announcement, SPRC's shares rose by 2.74%, while CMND's shares fell by 7.79%.

Portfolio Pulse from Patricio Liddle

February 21, 2024 | 4:12 pm

RAPT

RAPT Therapeutics shares are trading higher as the stock rebounds from a previous sell-off. The sell-off occurred after the company announced that the FDA placed a clinical hold on its Phase 2b trial of zelnecirnon, leading to increased volatility.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:11 pm

DD

DuPont is scheduled to present at the Barclays Industrial Select Conference, leading to a spike in its shares. The presentation will be from 10:55 a.m. to 11:25 a.m. ET, with a live audio webcast accessible through the DuPont Investor Relations webpage. A replay of the webcast will be available after the presentation.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:09 pm

CLH

Clean Harbors reported lower-than-expected Q4 revenue results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:05 pm