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In Wednesday's after-market session, several Information Technology stocks experienced movement. Ascent Solar Technologies, Oblong, Sonim Technologies, Auddia, SMX, and SAI.TECH Global saw gains, while Signing Day Sports, Infobird Co, Argo Blockchain, MMTEC, CCC Intelligent Solutions, and CISO Global faced declines. The movements were reflected in percentage changes and updated market caps for each company.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:30 pm

Home Depot (NYSE:HD) has delivered an average annual return of 15.29% over the past 10 years, outperforming the market by 5.46% on an annualized basis. A $100 investment in HD stock a decade ago would be worth $417.09 today. Home Depot's market capitalization currently stands at $336.60 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:30 pm

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The cannabis sector experienced significant movement on January 3, 2024, with a majority of stocks closing higher. Notable gainers included Affinor Growers, Khiron Life Sciences, and CLS Holdings USA, with increases of 74.05%, 66.67%, and 19.40% respectively. Eastside Distilling, Neptune Wellness Solutions, Cara Therapeutics, Genetic Technologies, Village Farms International, Green Thumb Industries, Mexco Energy, and Tilray Brands also saw gains. However, there were some losers, with 1933 Industries, Maple Leaf Green World, Global Compliance, Zoned Properties, and Psychemedics experiencing declines. Scotts Miracle Gro, Corbus Pharmaceuticals, Innovative Industrial Properties, MedMen Enterprises, ESCO Technologies, Item 9 Labs, and EnWave closed lower as well.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:30 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q2 earnings with an EPS of $0.65, missing estimates by 21.69% against the expected $0.83. Revenue decreased by $278.5 million from the same period last year. The company's stock price dropped 7.28% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:25 pm

WMB

Williams (NYSE:WMB) has completed the acquisition of a natural gas storage asset portfolio from an affiliate of Hartree Partners LP for $1.95 billion. The assets include six storage facilities in Louisiana and Mississippi, 230 miles of gas transmission pipeline, and 30 pipeline interconnects. The acquisition is expected to enhance Williams' transportation network to meet the growing demand for natural gas, particularly for LNG exports and power generation. The facilities have a total capacity of 115 Bcf and are among the highest in injection and withdrawal capacity in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:22 pm

SEM

Select Medical Holdings Corporation (NYSE:SEM) announced plans to separate its Concentra business into an independent, publicly traded company. The separation, expected to be tax-free for Select Medical and its stockholders, is planned for late 2024. Stockholders will retain shares of Select Medical and receive a pro rata distribution of Concentra stock. The separation is subject to conditions including market conditions, financing transactions, IRS ruling, and board approval. J.P. Morgan is the financial advisor and Dechert LLP is the legal counsel for the transaction.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:18 pm

XRX

Xerox Holdings Corporation (NASDAQ:XRX) shares fell after announcing a 15% workforce reduction as part of its new operating model and organizational structure, aiming to advance its Reinvention. The Reinvention focuses on three key areas: Core Print Business, Global Business Services, and IT and Digital Services. The executive team has been realigned to support strategic execution. The stock drop was exacerbated by rising Treasury yields impacting the tech sector.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 9:14 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q2 earnings of $0.35 per share, significantly missing the consensus estimate of $0.83 by 57.83%. Year-over-year, earnings plummeted by 91.4% from $4.07 per share. Quarterly sales were $523.20M, slightly below the estimate of $525.39M, and marked a 34.74% decrease from the previous year's $801.70M.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:14 pm

VLD

Velo3D, Inc. (VLD) has received a notice from the NYSE for not meeting the minimum average closing price requirement over a 30-day period. VLD has a six-month period to regain compliance, which can be achieved if its stock closes at $1.00 or more on the last trading day of any month during this period and maintains that average for the 30-day period. VLD is considering options, including a reverse stock split, to meet the NYSE's standards and intends to remain listed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:13 pm

FIXX

Homology Medicines, Inc. (NASDAQ:FIXX) received a notification from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share for the last 30 business days. The company has until June 26, 2024, to regain compliance. Homology plans to propose a reverse stock split to address this issue ahead of a merger with Q32 Bio Inc. If compliance is not achieved, Homology may face delisting from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:12 pm