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SQNS

Sequans Communications S.A. (NYSE:SQNS) announced the termination of a Memorandum of Understanding with Renesas, which had proposed a tender offer for all Sequans' shares. Despite this, Sequans remains optimistic about its future, citing strong customer relationships, technological capabilities, and a growing revenue pipeline. The company is exploring strategic options and will provide a business outlook during its Q4 and full-year 2023 earnings call on March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:24 pm

PDD

PDD shares are trading lower due to a report that US lawmakers are urging government agencies to limit the company's product exports to the US. This development could potentially impact PDD's revenue and market presence in the US, leading to investor concerns over future growth prospects.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:24 pm

TEVA

Teva Pharmaceutical Industries Ltd. shares are experiencing an uptick following the announcement of FDA approval for its new arthritis treatment.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:22 pm

ONDS

Ondas Holdings has announced its preliminary financial results for FY23, reporting a revenue of $15.7 million, which surpasses the estimated $14.989 million.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:19 pm

COST

FRPT

WMT

As of Feb. 26, 2024, Freshpet, Inc. (FRPT), Walmart Inc. (WMT), and Costco Wholesale Corporation (COST) in the consumer staples sector are considered overbought based on their RSI values, indicating potential short-term performance concerns. Freshpet's recent earnings beat and Walmart's Q4 FY24 sales growth have contributed to their stock gains, while Costco's January sales increase supports its positive momentum.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:18 pm

ATCH

LUNR

SELX

TBIO

ZVSA

Intuitive Machines, Inc. (LUNR) shares fell by 30.1% in pre-market trading after announcing a mishap with its lunar lander, Odysseus. Other stocks showed significant movement in pre-market trading, with notable gainers including ZyVersa Therapeutics, Inc. (ZVSA) and Semilux International Ltd. (SELX), and losers such as Telesis Bio, Inc. (TBIO) and AtlasClear Holdings, Inc. (ATCH).

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:18 pm

RIVN

Truist Securities analyst Jordan Levy downgraded Rivian Automotive (RIVN) from Buy to Hold and reduced the price target from $26 to $11.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:16 pm

ARM

Arm Holdings shares are experiencing an uptrend, supported by the overall strength in the semiconductor sector.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:14 pm

KRYS

Krystal Biotech reported Q4 earnings of $0.30 per share, surpassing the $(0.39) estimate, marking a 124% increase from last year's $(1.25) per share loss. Q4 sales reached $42.14M, exceeding the $28.61M estimate by 47.30%.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:12 pm

T

AT&T Inc (NYSE:T) announced a $5 credit for customers affected by a nationwide network outage last week, excluding business accounts and prepaid services like Cricket Wireless. CEO John Stankey stated the cost is manageable and won't affect 2024 goals or financial guidance. The outage, caused by an incorrect process during network expansion, prompted an FCC investigation. Despite the disruption, AT&T's Q4 2023 revenues were up 2.2% YOY, and shares rose 0.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 1:12 pm