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HOWL

Werewolf Therapeutics (NASDAQ:HOWL) reported Q4 earnings, beating estimated EPS by 23.0% with an EPS of $-0.33 versus an estimate of $-0.43. However, revenue was down $5.78 million from the same period last year. The company had previously beaten EPS estimates in Q3 2023, which was followed by a 0.0% change in share price the next day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:00 pm

AAPL

MSFT

SPOT

Basecamp CTO David Heinemeier Hansson announced a shift back to Microsoft Windows in response to Apple's decision to block progressive web apps (PWA) for iPhone users in the EU, a move that has drawn criticism from developers. Apple's actions, including the termination of Epic Games' developer account and a recent $1.95 billion EU fine, have soured relations with the developer community, with Hansson naming Apple as the new 'enemy #1' of developers.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 1:57 pm

Jianzhi Education Technology Group Company Limited (JZ), a leading digital educational content provider in China, announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement. After previously being notified of non-compliance due to its ADSs trading below $1.00, Jianzhi's ADSs have traded at or above $1.00 for 10 consecutive business days, from February 20 to March 4, 2024, thus meeting Nasdaq's requirement.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:56 pm

GBTC

IBIT

Bitcoin spot ETFs experienced significant net inflows of $332 million on March 6, outperforming gold ETFs. The Grayscale Bitcoin Trust (GBTC) saw a net outflow of $276 million, while BlackRock's iShares Bitcoin Trust (IBIT) led with $281 million in net inflows, totaling $9.45 billion historically. The approval of the first Bitcoin spot ETF in January 2024 and its comparison to the first gold ETF's impact on gold prices highlight the growing investor interest in cryptocurrency as an asset class.

Portfolio Pulse from Murtuza Merchant

March 07, 2024 | 1:55 pm

PIK

Trading for PIK was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:55 pm

ETNB

IONQ

STKL

Insiders have recently made significant purchases in shares of SunOpta Inc. (STKL), 89bio, Inc. (ETNB), and IonQ, Inc. (IONQ), signaling their confidence in these companies. SunOpta's CEO acquired shares following upbeat quarterly earnings, 89bio's Director made a purchase after a reported quarterly loss, and IonQ's Director bought shares after reporting revenue that beat estimates.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:54 pm

IDT

SPHR

As of March 7, 2024, IDT Corporation, Sphere Entertainment Co., and Sea Limited are highlighted as overbought stocks in the communication services sector, with RSI values indicating potential short-term performance concerns. IDT and Sphere Entertainment reported significant revenue milestones and growth, while Sea Limited announced its first full year of annual profit since IPO. Their recent price actions and high RSI values suggest caution for momentum investors.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:54 pm

CMPO

CompoSecure, Inc. (NASDAQ:CMPO) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of 26 cents per share and quarterly sales of $99.90 million. The company forecasts FY24 net sales between $408 million to $428 million, surpassing estimates. Shares closed at $4.70. B. Riley Securities and Benchmark raised their price targets for CMPO, maintaining Buy ratings.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:54 pm

DXCM

PLTR

SLG

SL Green Realty, Palantir Technologies, and DexCom were featured on CNBC's 'Final Trades'. SL Green Realty reported weaker-than-expected Q4 results. Palantir was awarded a $178.4 million Army contract for the TITAN ground station system. DexCom's Stelo Glucose Biosensor System received FDA approval as the first OTC continuous glucose monitor. Shares of SLG, PLTR, and DXCM saw gains in their recent trading sessions.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:51 pm

ESAC

ESACU

ESACW

ESGEN Acquisition Corp. (NASDAQ: ESAC, ESACU, ESACW) and Sunergy Renewables have announced that ESGEN's shareholders approved a business combination, resulting in the formation of Zeo Energy Corp. The combined entity is expected to trade on the Nasdaq under the new ticker symbols 'ZEO' for common stock and 'ZEOWW' for warrants. This follows a shareholder meeting on March 6, 2024, with the business combination expected to close in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:47 pm