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BOWNR

Trading for BOWNR was halted and then resumed at 7:00:00 AM ET following an update on quotation resumption, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:00 pm

BOWNU

Trading for BOWNU was halted and then resumed at 7:00:00 AM ET following an update on quotation resumption, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:00 pm

CHMG

FBK

SDHC

Insider purchases were made in FB Financial Corporation (FBK), Smith Douglas Homes Corp. (SDHC), and Chemung Financial Corporation (CHMG). FBK's 10% owner bought 2,000 shares, while SDHC's Brett A. Steele acquired 12,143 shares, and CHMG's Director purchased 582 shares. These transactions signal insider confidence in the companies' prospects. However, FB Financial was recently downgraded by Hovde Group, and Smith Douglas Homes priced its IPO at $21 per share. Chemung Financial reported upbeat quarterly earnings in October.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 11:58 am

BOWN

Trading for BOWN was halted and then resumed at 6:55 AM ET following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:55 am

SLB

SLB (NYSE:SLB) reported Q4 adjusted earnings of $0.86 per share, surpassing the consensus estimate of $0.84, and marking a 21.13% increase from the previous year. Quarterly sales reached $8.99B, slightly beating the $8.96B estimate and showing a 14.10% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:53 am

CMA

Comerica (NYSE:CMA) reported Q4 adjusted earnings per share (EPS) of $1.46, surpassing the analyst estimate of $1.36 by 7.35%. However, this represents a 43.41% decrease from the $2.58 EPS reported in the same quarter last year. Quarterly sales were $782 million, falling short of the $839.36 million estimate by 6.83% and marking a 23.33% decline from the $1.02 billion reported in the previous year's corresponding period.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:46 am

FITB

Fifth Third Bancorp (NASDAQ:FITB) exceeded analyst expectations for Q4 with an adjusted EPS of $0.99, surpassing the $0.85 estimate, and reported sales of $2.17B, slightly beating the $2.16B estimate. However, this reflects a decrease from the previous year with earnings down 1.98% and sales down 6.47%.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:41 am

HALO

HC Wainwright & Co. analyst Mitchell Kapoor has reiterated a Buy rating on Halozyme Therapeutics (NASDAQ:HALO) and maintained a $48 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:37 am

CCL

RCL

Royal Caribbean Cruises Ltd (RCL) and MSC Cruises have canceled voyages due to aggression from Houthi militia in the Red Sea. RCL canceled two voyages, one from Muscat to Dubai and another from Dubai to Mumbai, and rerouted a cruise from Aqaba to Muscat to disembark near Athens. MSC canceled three April trips from South Africa and the UAE to Europe. Carnival Corporation (CCL) is also adjusting itineraries as needed for safety. The Red Sea crisis, including the seizure of a U.S.-controlled tanker by Iran and the U.S. reclassifying Houthi rebels as terrorists, has led to increased oil prices and concerns for global trade.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 11:36 am

KRRO

HC Wainwright & Co. analyst Mitchell Kapoor has reiterated a Buy rating on Korro Bio (NASDAQ:KRRO) and maintained a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:35 am