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EQBK

NWBI

SRE

Insiders have recently purchased shares in Sempra, Equity Bancshares, and Northwest Bancshares, indicating confidence in these companies' prospects. Notable trades include Sempra's Director acquiring 1,925 shares, Equity Bancshares' Director acquiring 2,903 shares, and Northwest Bancshares' Director acquiring 10,000 shares.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 11:10 am

MESA

Mesa Air Group (NASDAQ:MESA) reported Q1 2024 adjusted EPS of $(0.53), missing the $(0.32) estimate by 65.63%. Sales were $118.777M, missing the $126.000M estimate by 5.73% and down 19.29% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:10 am

IBTX

SSB

SouthState has agreed to acquire Independent Bank Group in an all-stock transaction valued at approximately $2 billion. Independent Bank Group shareholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group common stock. The transaction is based on SouthState's closing stock price of $80.85 as of May 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:08 am

GLBE

Global-e Online has announced its Q2 revenue forecast to be between $162.5 million and $168.5 million, which is below the estimated $170.48 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:06 am

GLBE

Global-e Online has raised its FY24 revenue outlook from the previous range of $731M - $771M to a new range of $733M - $773M, surpassing the estimated $749.71M.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:05 am

TSLA

The NHTSA has closed its year-long investigation into Tesla's Model X seat belt issues after the company issued a recall for nearly 16,000 vehicles. The probe was initiated due to complaints about front seat belts detaching while driving. Tesla's recall included inspections and potential replacements of seat belt components. The NHTSA reserves the right to take future action if necessary.

Portfolio Pulse from Anan Ashraf

May 20, 2024 | 11:04 am

ECX

ECARX Holdings (NASDAQ:ECX) reported Q1 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate by 50%. Sales were $128.5M, missing the $135.013M estimate by 4.82%. Despite the misses, sales increased by 15.66% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:04 am

CGEN

Compugen reported its Q1 2024 financial results with a GAAP EPS of $(0.08), beating the estimate of $(0.11). However, sales were $2.559 million, missing the estimate of $6.213 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:03 am

DLO

FGF

GPMT

The article highlights three oversold financial stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Fundamental Global Inc. (FGF), Granite Point Mortgage Trust Inc. (GPMT), and DLocal Limited (DLO).

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 11:03 am

CRGO

Freightos (NASDAQ:CRGO) reported better-than-expected Q1 2024 results with an adjusted EPS of $(0.06), beating the $(0.12) estimate, and sales of $5.355 million, surpassing the $5.282 million estimate. This marks a significant improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:03 am