Streetbeat News

Stock Prices

DNTH

Dianthus Therapeutics Inc (NASDAQ:DNTH) stock surged 37.2% to $16.40 after announcing a $230 million private placement. The company will sell 14,500,500 shares at $12.00 each and pre-funded warrants. The PIPE deal, involving new and existing investors, is expected to close by January 24. Proceeds will fund R&D and general corporate purposes. Jefferies, Evercore ISI, Stifel, Guggenheim Securities, and Raymond James are the placement agents.

Portfolio Pulse from Henry Khederian

January 22, 2024 | 9:18 pm

CFB

CrossFirst Bankshares (NASDAQ:CFB) reported Q4 earnings with an EPS of $0.39, beating estimates by 8.33% and showing a revenue increase of $3.06 million from the previous year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:15 pm

BETS

Bit Brother Ltd has filed a Form RW with the SEC, requesting the immediate withdrawal of its Form F-3 registration statement that was originally filed on January 16, 2024. Following this news, shares of Bit Brother spiked higher.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:14 pm

PATH

UiPath, Inc. (NYSE:PATH) shares experienced an uptick on Monday, rising over 7.50%, breaking away from a selloff that began at the end of December. The stock had reached a 52-week high at the end of December but then fell nearly 20% due to rising Treasury yields and general market weakness. The recent rise in shares did not have a major catalyst, although the company announced Pradeep Kumar as the new Senior Vice President of Services and Customer Success. Additionally, UiPath appointed Rob Enslin and June Yang to its Board of Directors and received an updated price target from Barclays analyst Raimo Lenschow, who maintained an Equal-Weight rating and raised the target from $21 to $23.

Portfolio Pulse from Ryan Gustafson

January 22, 2024 | 9:12 pm

VRM

Vroom, Inc. is shutting down its e-commerce operations for used vehicles, halting transactions through its website vroom.com, and intends to sell its existing used vehicle inventory through wholesale channels.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:11 pm

BLKB

Blackbaud (NASDAQ:BLKB) has announced that its board of directors authorized a stock repurchase program of up to $500 million, significantly expanding the previous $250 million program. The company has already repurchased $41.7 million of its stock and has $499.4 million remaining for further repurchases. The move reflects confidence in the company's financial strength and commitment to shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:10 pm

TRST

Trustco Bank (NASDAQ:TRST) reported Q4 earnings with an EPS of $0.52, missing estimates by 21.21% against the expected $0.66. Revenue also declined by $10.88 million compared to the same period last year. In the previous quarter, TRST beat EPS estimates but experienced a 4.28% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:10 pm

AGYS

Agilysys (NASDAQ:AGYS) reported Q3 earnings with an EPS of $0.35, beating estimates by 34.62% and surpassing last year's revenue by $10.65 million. The company has a history of beating EPS estimates, which previously led to a 25.35% share price increase the following day.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:10 pm

FSI

Flexible Solutions International reported a decrease in Q4 2023 revenue to $9.22M, down from $12.20M in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:08 pm

SPY

Scott Shellady, known as The Cow Guy, warned of a potential market 'reckoning' in 2024 on Benzinga’s PreMarket Prep. He believes the consumer is the weak link in the economy, and the labor market is not as strong as jobs data suggest. Despite recent equity market highs, with the S&P 500 and SPDR S&P 500 ETF Trust (SPY) reaching record levels, Shellady is skeptical about the sustainability of growth. He points out that consumers are increasingly indebted and predicts that the expected rate cuts by the Federal Reserve will not materialize as hoped, with possibly just one cut instead of several.

Portfolio Pulse from Neil Dennis

January 22, 2024 | 9:08 pm