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The cannabis stock market saw significant movements on April 19, 2024, with notable gainers including Global Compliance, Affinor Growers, and Corbus Pharmaceuticals, among others. Conversely, several companies experienced declines, such as 1933 Industries, Blueberries Medical, and 22nd Century Group. The fluctuations highlight the volatile nature of the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:30 pm

HEPA

Trading for HEPA was halted at 4:25:20 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:25 pm

CFFI

C&F Financial (NASDAQ:CFFI) reported a decrease in Q1 earnings to $1.01 per share from $1.86 YoY and a sales decline to $23.16M from $24.96M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:21 pm

TUP

Tupperware Brands Corporation (TUP) received a notice from the NYSE for not filing its 2023 10-K financial statements on time. The company, which recently engaged KPMG LLP as its new auditor, has until September 29, 2024, to file the report and regain compliance. The NYSE notice does not immediately affect TUP's stock listing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:19 pm

MRVL

Whales have shown a bearish stance on Marvell Tech (NASDAQ:MRVL), with 61% of detected trades being bearish. The options trading activity indicates a focus on a price band between $50.0 and $90.0. Despite this, analysts have set an average target price of $89.8 for MRVL, with mixed ratings from various firms. The stock is currently down by -4.77%, with a trading volume of 14,439,124 and an RSI suggesting it may be approaching oversold territory. The next earnings report is due in 34 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:16 pm

BLK

COIN

LMT

TSLA

Tech stocks, particularly in the Nasdaq 100, faced their fourth consecutive week of declines amid inflation and geopolitical concerns. Fed Chair Jerome Powell's stance on interest rates pushed Treasury yields to 5%. Gold prices rose for the fifth week. Concerns over U.S. debt sustainability were highlighted by the IMF. BlackRock and Coinbase launched campaigns on Bitcoin halving. Tesla announced a recall of Cybertruck vehicles and layoffs of over 14,000 employees. Lockheed Martin secured a $17-billion missile defense contract.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 8:10 pm

VAXX

Vaxxinity has announced its plan to voluntarily delist its Class A common stock from the Nasdaq. This decision reflects the company's strategic move, potentially to reduce regulatory burdens and costs associated with being listed on a major exchange.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:10 pm

WRNT

Warrantee Inc. (NASDAQ:WRNT), a Japanese marketing and market research technology company, has received a Nasdaq delisting determination due to non-compliance with the minimum bid price requirement and failure to file required financial documents. The company plans to appeal the decision, which will stay the suspension of its securities pending the appeal's outcome. Warrantee is exploring options, including a reverse stock split, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:08 pm

EVE

EVe Mobility Acquisition Corp (EVE) has received a notice from NYSE Regulation for not complying with the NYSE American LLC listing standards due to the late filing of its Annual Report on Form 10-K for the year ended December 31, 2023. The company cited the need for additional time to review its financial statements for accuracy as the reason for the delay and intends to file the report within the six-month period allowed.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:05 pm

SMAR

Smartsheet has announced a new $150 million share repurchase program, signaling confidence in the company's future prospects and potentially providing support for its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:05 pm