Prism MarketView

August 09, 2024 at 12:46 pm

Stocks making the biggest moves midday: Sweetgreen, Doximity, E.l.f. Beauty and more

Here are the major players making waves in today’s midday trading: Sweetgreen’s shares rocket up by 24% following second-quarter revenue of $184.6 million, surpassing the predicted $181 million as per LSEG. Updated annual revenue predictions are between $670 million and $680 million, exceeding analyst’s $674 million forecast. Doximity’s shares spike by over 31% due to… [Read More]

August 09, 2024 at 10:26 am

Ganja in Gummies Gets Graduated: Organigram (OGI) Completes Landmark Clinical Study

Organigram Holdings Inc. (OGI) a leading licensed cannabis producer, announced the preliminary results of its groundbreaking clinical pharmacokinetic (PK) study, conducted through the Product Development Collaboration (PDC), on its latest innovation—nanoemulsion technology. This patent-pending technology, branded as FAST™ (Fast Acting Soluble Technology), marks the first innovation to be commercialized by Organigram, leveraging the work done… [Read More]

August 09, 2024 at 9:49 am

Putting Green on The Screen: PRISM Emerging Cannabis Index Companies Earnings Update

Recently, PRISM issued a report regarding some of its PRISM Cannabis Index companies that would be announcing upcoming earnings. Since the issuance of this report, Tilray Brands, Inc. (TLRY), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), AYR Wellness (AYRWF), Village Farms International, Inc. (VFF), and Leafly, Inc. (LFLY) have disclosed their financial results to… [Read More]

August 09, 2024 at 8:59 am

Stocks making the biggest moves premarket: Taiwan Semiconductor, Insulet, Paramount Global and more

The stock of Taiwan Semiconductor, a leading chipmaker, saw a 1% increase prior to the market opening following a reported solid revenue for July, indicating a nearly 45% surge year on year, based on a StreetAccount report. Shares of The Trade Desk, the ad-buying firm, experienced a nearly 4% gain post their beating of the… [Read More]

August 09, 2024 at 8:47 am

Aveanna Healthcare Delivers Healthy Gains in Q2

PRISM Emerging Healthcare Index leader Aveanna Healthcare Holdings (AVAH) closed up 32% yesterday after delivering a strong second quarter in 2024, reporting $505.0 million in revenue—a 7.0% increase over the prior year. The home healthcare services company also saw a notable 27.3% rise in Adjusted EBITDA, reaching $45.6 million, underscoring the success of its Strategic… [Read More]

August 08, 2024 at 3:34 pm

SoundHound AI (SOUN) Continues to Put Its Ear to the Ground on M&A Opportunities, Acquires Amelia AI for $80M

In June, the global AI leader SoundHound AI (SOUN) announced the acquisition of an online ordering platform that connects restaurants and local customers by the name of Allset. Today the company has shown that it is continuing to make moves on the M&A front as it now has announced the acquisition of leading enterprise AI… [Read More]

August 08, 2024 at 12:49 pm

Stocks making the biggest moves midday: Eli Lilly, Under Armour, Warner Bros. Discovery and more

Eli Lilly’s stock is soaring, with an 8% increase following their impressive second-quarter earnings and revenue reports. The company has raised its revenue forecast for the year by $3 billion amid rising sales of its diabetes medication Mounjaro and weight loss injection Zepbound. Under Armour’s shares jumped 19% after surpassing quarterly estimates and revising its… [Read More]

August 08, 2024 at 12:47 pm

KORU Medical (KRMD) Injects Investors with Excitement on Record Q2 Earnings Announcement

PRISM MedDevice Index leader KORU Medical Systems (KRMD) announced a record second quarter for 2024, achieving 22% revenue growth. Net revenues reached $8.4 million, driven by a 20% growth in core business and geographic expansion. Gross profit rose by 41% to $5.5 million, with a gross margin of 65%, reflecting a year-over-year improvement of 890… [Read More]

August 08, 2024 at 12:37 pm

MODG Likely to Take a Mulligan on Its Topgolf Business, Conducting Strategic Review

In its Q2 earnings announcement Topgolf Callaway Brands (MODG) management stated, “…we have been disappointed in our stock performance for some time, as well as the more recent same venue sales performance. As a result, we are in the process of conducting a full strategic review of Topgolf.” The review will include the assessment of… [Read More]

August 08, 2024 at 10:56 am

Digital Turbine (APPS) Leads the PRISM AdTech and Media Index, Up Over 50% on Q1 Earnings

The PRISM AdTech and Media Index leader Digital Turbine (APPS) announced Q1 results that beat estimates on EPS $0.07 vs FactSet $0.03 and revenues $118M vs FactSet $115.2M. FY2025 revenue guidance was in line at $540M-$560M vs FactSet 544.2M. During the Q&A on the call, management cited its device sales expected to remain stable with… [Read More]

August 08, 2024 at 8:36 am

Stocks making the biggest moves premarket: Eli Lilly, Under Armour, Warner Bros. Discovery and more

Here’s a snapshot of businesses making waves in premarket trading. Eli Lilly – The pharmaceutical stock rallied with an 8% surge in premarket trading following the announcement of remarkable Q2 earnings and revenue. Eli Lilly also raised its annual revenue forecast by $3 billion, predominantly driven by the growing sales of its hit diabetes medication… [Read More]

August 07, 2024 at 1:15 pm

Stocks making the biggest moves midday: Fortinet, Shopify, Lyft and more

Discover the companies making waves in the midday trading sector. Fortinet is leading the pack in the S&P 500 today thanks to a 26% boost. Striking second-quarter reports and positive future guidance have powered this rise, with the cybersecurity company showing strong revenue and earnings per share results. Shopify’s stock saw a 22% growth after… [Read More]

Trending News