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ACB

CGC

GNLN

VFF

The article reports on the significant gainers and losers among cannabis stocks for April 16, 2024. Notable gainers include Global Hemp Group, Heritage Cannabis Holding, and Indiva, with increases of 66.67%, 28.57%, and 24.32% respectively. On the losing end, Item 9 Labs, Zoned Props, and Greenlane Holdings saw declines of 33.33%, 18.33%, and 12.44%. The article highlights the volatility in the cannabis sector, with several companies experiencing notable changes in their stock prices.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 8:30 pm

BFC

Bank First (NASDAQ:BFC) reported Q1 2024 adjusted EPS of $1.51, surpassing the $1.47 estimate, but its sales of $37.746M fell short of the $39.900M forecast, marking a 0.67% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:26 pm

CLNN

Clene's stock price increased following the announcement of positive Phase 2 VISIONARY-MS long-term extension study results at the 2024 American Academy of Neurology Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:25 pm

JBHT

J.B. Hunt Transport Services' shares declined following the company's failure to meet Q1 revenue and EPS estimates.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:23 pm

SSSS

SuRo Capital Corp. (SSSS) announced a Q1 2024 update, revealing a $10M investment in Liquid Death and a potential new investment. The company highlighted its strong investment pipeline, over $60M in investable capital, and actions to enhance shareholder value, including a Modified Dutch Auction Tender Offer and a Share Repurchase Program. SuRo Capital's net asset value is estimated to be between $6.90 to $7.40 per share as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:21 pm

NIC

Nicolet Bankshares (NYSE:NIC) reported Q1 earnings of $1.72 per share, surpassing the $1.65 estimate, marking an 18.62% increase from last year. However, their Q1 sales of $62.81M fell short of the $71.89M estimate, despite being a 10.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:19 pm

BAC

KRE

MS

XLF

U.S. financial stocks and major banks have experienced a downturn following recent earnings reports, with the Financial Select Sector SPDR Fund (XLF) and the SPDR S&P Regional Banking ETF (KRE) both closing at significant lows. Bank of America (BAC) reported Q1 earnings that beat expectations but saw its shares fall, while Morgan Stanley (MS) also exceeded forecasts and its shares rose.

Portfolio Pulse from Piero Cingari

April 16, 2024 | 8:18 pm

ZAPP

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), a British electric vehicle brand, announced a 1-for-20 reverse stock split approved by shareholders, effective April 22, 2024. The split-adjusted shares will trade on Nasdaq under the same symbol 'ZAPP' but with a new CUSIP number starting April 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:15 pm

IBIO

iBio has filed a prospectus with the SEC for the resale of up to 10.6 million shares of common stock by selling stockholders. This move could potentially impact the stock's liquidity and market price.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:14 pm

AAL

DAL

JBLU

UAL

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:13 pm