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SOLUSD

A Solana-based meme coin, Doraemon (DORAE), surged to a $2.4 billion market cap within 24 hours before crashing over 99% due to apparent insider trading. An individual dumped 2.5 million DORAE tokens for 10,538 Solana (SOL), causing the price to plummet.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 11:15 am

GLUE

Monte Rosa Therapeutics announced progress updates for its lead programs, MRT-2359 and MRT-6160. MRT-2359, targeting MYC-driven solid tumors, is in Phase 1/2 with favorable safety and pharmacodynamic profiles. MRT-6160, targeting systemic and neurological autoimmune diseases, has achieved IND submission with Phase 1 trials starting this summer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:13 am

WBA

Walgreens Boots Alliance has lowered its fiscal 2024 adjusted EPS guidance to $2.80-$2.95 from $3.20-$3.35, citing challenging pharmacy industry trends and a worse-than-expected U.S. consumer environment. The new guidance is below the consensus of $3.22.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:05 am

SMPL

Simply Good Foods projects FY24 sales growth to be at the mid-point of its long-term algorithm of 4% - 6%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:04 am

WBA

Walgreens Boots Alliance (WBA) reported its Q3 2024 earnings with an adjusted EPS of $0.63, missing the estimate of $0.71. However, the company reported sales of $36.351 billion, beating the estimate of $36.003 billion.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:02 am

TH

Target Hospitality's Special Committee is reviewing a $10.80/share proposal from TDR received on March 25. No decision has been made, and there is no obligation to provide updates unless required by law.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:01 am

PSHG

Sphinx Investment has extended the expiration date of its offer to purchase Performance Shipping (PSHG) for $3.00 per share in cash. The new expiration date is 11:59 P.M., New York City Time, on September 17.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:59 am

TH

Target Hospitality has revised its FY24 total revenue outlook downwards from $410M-$425M to $375M-$385M, below the estimated $396.10M. This revision follows the termination of the STFRC Contract and other factors.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:58 am

COIN

FBTC

GBTC

Bitcoin spot ETFs saw a net inflow of $21.5187 million on June 26, with significant contributions from Fidelity ETF (FBTC) and Grayscale ETF (GBTC). Despite this, the cryptocurrency market remains anxious. The U.S. government transferred 3,940 BTC to Coinbase Prime (COIN), and the German government has slowed its BTC transfers to exchanges. Analysts suggest the market may have priced in potential sell-offs, leading to strategies for accumulating Bitcoin.

Portfolio Pulse from Murtuza Merchant

June 27, 2024 | 10:51 am

LNN

Lindsay (NYSE:LNN) reported Q3 2024 GAAP EPS of $1.85, beating the estimate of $1.17 by 58.12%. However, sales were $139.2M, missing the $144.363M estimate and showing a 15.41% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:48 am