Streetbeat News

Stock Prices

ANTX

APLD

LRMR

MANU

MNDY

MVST

PGEN

TIXT

WYNN

In Monday's pre-market trading session, monday.com Ltd. (MNDY) shares fell sharply after reporting Q4 financial results, with adjusted earnings of 65 cents per share on sales of $202.57 million. Other stocks experiencing declines include AN2 Therapeutics, Inc. (ANTX), TELUS International (Cda) Inc. (TIXT), Applied Digital Corporation (APLD), Precigen, Inc. (PGEN), Microvast Holdings, Inc. (MVST), Wynn Resorts, Limited (WYNN), Larimar Therapeutics, Inc. (LRMR), and Manchester United plc (MANU), each for various reasons ranging from disappointing financial results to regulatory updates.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:16 pm

Unilever Plc (NYSE:UL) CEO Hein Schumacher, supported by billionaire Nelson Peltz, is committed to revitalizing the company through a strategic focus on its top 30 brands, streamlining its workforce, and executing a growth action plan. Despite investor skepticism and a history of underperformance, Schumacher is optimistic about the future, emphasizing systematic marketing and operational efficiency. The company has initiated a €1.5 billion share buyback and reported a 7.0% underlying sales growth in FY23. Unilever also plans to sell its Elida Beauty Business to Yellow Wood Partners LLC.

Portfolio Pulse from Vandana Singh

February 12, 2024 | 1:15 pm

SP Plus Corporation (NASDAQ:SP) stockholders have overwhelmingly approved the merger with Metropolis Technologies, with 99.94% of votes in favor. This merger will result in SP Plus becoming a wholly owned subsidiary of Metropolis, with SP+ stockholders receiving $54.00 per share in cash. The merger's completion is pending certain conditions, including regulatory approval under the HSR Act. Both companies are cooperating with the DOJ following a 'Second Request' for additional information.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:13 pm

CDTX

Cidara Therapeutics has received an $11.14 million milestone payment after its product REZZAYO was approved in Europe. This financial boost could positively impact CDTX's stock in the short term as it reflects the company's ability to achieve significant regulatory milestones and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:11 pm

ATUS

BBGI

BZFD

GXAI

WIMI

In Monday's pre-market session, several communication services stocks showed notable movements. Gainers included NFT (MI), Gaxos.AI (GXAI), Beasley Broadcast Group (BBGI), Altice USA (ATUS), Treasure Global (TGL), and TuanChe (TC) with increases ranging from 5.34% to 11.7%. Losers were WiMi Hologram Cloud (WIMI), BuzzFeed (BZFD), Baosheng Media Gr (BAOS), LQR House (LQR), Entravision Comms (EVC), and MoneyHero (MNY), with decreases ranging from 4.35% to 9.0%. Beasley Broadcast Group's rise was attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:06 pm

AIH

ANTX

EXAI

ICU

VIRI

In Monday's pre-market session, several healthcare stocks showed significant movement. SeaStar Medical Holding (ICU) led the gainers with a 27.9% increase, while AN2 Therapeutics (ANTX) experienced the largest drop among the losers, declining by 69%. Other notable movers included Aesthetic Medical Intl (AIH), Virios Therapeutics (VIRI), and Exscientia (EXAI) with substantial gains, and Larimar Therapeutics (LRMR) and Invivyd (IVVD) with notable losses.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:06 pm

HYLN

LUNR

SUNW

VSTE

ZWS

In Monday's pre-market session, several industrials stocks showed notable movements. Sunworks, Intuitive Machines, JE Cleantech Hldgs, Zurn Elkay Water, Innovate, and WANG & LEE Group were among the gainers, with Sunworks leading by a 25.2% increase. On the downside, Vast Renewables, AERWINS Technologies, Tritium DCFC, Hyliion Holdings, Microvast Holdings, and Jet AI experienced declines, with Vast Renewables dropping by 8.2%. Zurn Elkay Water's stock rise was attributed to its Q4 earnings release four days ago.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:05 pm

GNSS

LPTH

MNDY

RXT

In Monday's pre-market session, several Information Technology stocks showed significant movements. Genasys, Rackspace Tech, and SMX were among the top gainers, with increases of 17.7%, 13.77%, and 11.11% respectively. On the losing side, LightPath Technologies, MicroCloud Hologram, and Monday.Com experienced declines of 19.8%, 13.82%, and 11.31% respectively. Notably, earnings reports influenced some of these movements, with Amtech Systems, LightPath Technologies, and Monday.Com releasing their financial results.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:05 pm

BYD

Susquehanna analyst Joseph Stauff downgrades Boyd Gaming (NYSE:BYD) from Positive to Neutral and lowers the price target from $84 to $75, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:03 pm

WISH

ContextLogic Inc. (WISH) has agreed to sell its operating assets, including the Wish ecommerce platform, to Qoo10 for $173 million in cash, equating to about $6.50 per share, a 44% premium over its last closing price. This sale will leave ContextLogic with significant Net Operating Loss (NOL) carryforwards of approximately $2.7 billion, which it plans to monetize. The company will remain publicly listed and intends to return capital to shareholders if it cannot monetize the NOLs effectively. The transaction is expected to close in Q2 2024, subject to shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:03 pm