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UAL

United Airlines projects over 3M passengers to fly between May 23-28, marking a 5% increase, and anticipates its busiest summer ever with a 5% rise in customers for June, July, and August.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:06 pm

COTY

Coty's stock is trading lower following the announcement of mixed financial results for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:05 pm

BLD

TopBuild shares are trading lower due to mixed Q1 financial results, indicating a potential short-term negative impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:05 pm

GTN

Gray Television, Inc. (NYSE:GTN) reported Q1 earnings per share of 79 cents, surpassing analyst expectations of 18 cents, but missed revenue estimates by a slight margin with $823 million against an expected $824.985 million. The company saw a 4% increase in core advertising revenue compared to 2023, attributing growth to strong advertiser demand for local content and significant earnings from the Super Bowl broadcast. Adjusted EBITDA rose by 21% from the previous year. GTN also announced a plan to repurchase up to $250 million of its outstanding indebtedness by the end of 2025. Despite a lower than expected revenue outlook for Q2, the company anticipates political advertising revenue to significantly increase, projecting a 55% to 72% rise compared to Q2 of 2020. Shares rose by 4.95% to $6.99 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 3:04 pm

IMXUSD

Cryptocurrency Immutable (IMX) has seen a 3.75% increase in its price over the last 24 hours, reaching $2.26. This rise is part of a larger trend, with a 17.0% gain over the past week from $1.89. Despite the recent gains, it remains far from its all-time high of $9.52. The trading volume for IMX has decreased by 18.0% over the past week, while its circulating supply has dropped by 0.89% to 1.46 billion, which is 72.84% of its maximum supply. Currently, IMX's market cap ranks it 37th at $3.25 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:03 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) shares surged after announcing an exclusive patent licensing agreement with Yissum Research Development to develop and commercialize compounds for treating PTSD and other mental health conditions. This agreement is seen as a significant step in addressing mental health care needs with innovative psychedelic compounds. The global market for PTSD treatment, valued at $16.8 billion in 2023, is expected to grow to $27.37 billion by 2033.

Portfolio Pulse from Dylan Berman

May 07, 2024 | 3:03 pm

ALL

Over the past 15 years, Allstate (NYSE:ALL) has produced an average annual return of 13.85%, outperforming the market by 1.37% annually. A $100 investment in Allstate 15 years ago would now be worth $671.31. The company currently has a market capitalization of $44.73 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:01 pm

NEARUSD

NEAR Protocol (CRYPTO: NEAR) has seen a 3.41% increase in price over the last 24 hours, reaching $7.56, continuing a positive trend with a 22.0% gain over the past week from $6.15. The coin's all-time high is $20.44. Trading volume has increased by 46.0% over the past week, while the circulating supply decreased by 1.21%. NEAR's market cap ranks #19 at $8.03 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:01 pm