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Stock Prices

ASAN

Asana, Inc. (NYSE:ASAN) reported a narrower-than-expected loss and higher-than-expected sales for Q1. Despite this, analysts from Piper Sandler and Keybanc lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 11:21 am

CYN

Cyngn's CEO announced that the company is considering a reverse stock split to meet Nasdaq's $1 minimum bid price requirement before the late August deadline.

Portfolio Pulse from Charles Gross

May 31, 2024 | 11:11 am

CMG

Bill Ackman plans to take his hedge-fund firm, Pershing Square, public by 2025 following a $10.5 billion valuation deal. The firm manages $16.3 billion in net assets and holds stocks like Chipotle Mexican Grill (NYSE:CMG) and Universal Music Group. Ackman aims to attract more assets and leverage his social media presence to drive investor interest.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:10 am

AMD

NVDA

Jim Cramer commented on AMD, stating that while AMD under $150 would be 'terrific,' it still doesn't match Nvidia's capabilities. Despite AMD's progress in the tech industry, including securing 33% of the server CPU market and expanding partnerships, it faces challenges in competing with Nvidia, especially in the AI sector.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:04 am

IONS

Ionis Pharmaceuticals announced positive results from its OASIS-HAE and OASISplus studies of the investigational medicine Donidalorsen in patients with hereditary angioedema. The studies showed significant improvements in patient outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:04 am

GCO

Genesco (NYSE:GCO) reported Q1 losses of $(2.10) per share, beating the analyst estimate of $(2.70). Sales were $457.60M, also surpassing the $445.05M estimate. Despite beating estimates, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:53 am

AAPL

SSNLF

Huawei has surpassed Samsung in global foldable smartphone shipments for Q1 2024, driven by a 257% YoY growth in 5G-enabled foldables. The global foldable market saw a 49% YoY increase, with Huawei leading the surge. Other players like Honor and Motorola also saw significant growth.

Portfolio Pulse from Rounak Jain

May 31, 2024 | 10:17 am

DOOO

BRP has lowered its FY25 guidance for adjusted EPS to $6.00-$7.00 from the previous range of $7.25-$8.25, which is below the estimated $7.79.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:12 am

DOOO

BRP has revised its FY25 revenue guidance to a range of $8.6 billion to $8.9 billion, down from the previous range of $9.1 billion to $9.5 billion. The new guidance is below the estimated $9.4 billion.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:10 am

BP

COP

IEO

WEEI

ConocoPhillips (NYSE:COP) has been granted the right by a Trinidad and Tobago court to enforce a $1.33 billion claim against Venezuela for past expropriations. This decision allows ConocoPhillips to seize compensation from joint gas projects with Trinidad. The company has been pursuing enforcement in various courts after winning arbitration awards against Venezuela and its state oil company PDVSA. PDVSA had paid around $700 million but stopped payments in late 2019. ConocoPhillips is also involved in a Delaware case to auction shares in Citgo Petroleum’s parent firm to pay creditors. Additionally, BP p.l.c. (NYSE:BP) and Trinidad’s NGC received a two-year license from the U.S. Treasury to negotiate and develop gas fields with Venezuela.

Portfolio Pulse from Lekha Gupta

May 31, 2024 | 10:10 am