Últimas noticias sobre AMC Networks (NASDAQ:AMCX) Bolsa

AMC Networks

AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.

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AMCX

DOCS

SATS

TTWO

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este viernes: SATS, TTWO, AXL, DOCS y AMCX.

5 acciones en el foco este viernes: SATS, TTWO, AXL, DOCS y AMCX

AMC Networks Inc

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate AMC Networks to report an earnings per share (EPS) of $0.80.
The market awaits AMC Networks's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.28, which was followed by a 0.0% drop in the share price the next day.
Here's a look at AMC Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.52</td>
<td>1.67</td>
<td>0.89</td>
<td>1.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.24</td>
<td>1.16</td>
<td>0.72</td>
<td>1.85</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-4.0%</td>
<td>-15.0%</td>
<td>14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730991730_0.png" alt="eps graph" />
<h3>Performance of AMC Networks Shares</h3>
Shares of AMC Networks were trading at $8.39 as of November 06. Over the last 52-week period, shares are down 39.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on AMC Networks</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding AMC Networks.
With 2 analyst ratings, AMC Networks has a consensus rating of Buy. The average one-year price target is $9.5, indicating a potential 13.23% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of and E W Scripps, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Buy trajectory for E W Scripps, with an average 1-year price target of $9.0, indicating a potential 7.27% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary presents essential metrics for and E W Scripps, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMC Networks</td>
<td>Buy</td>
<td>-7.76%</td>
<td>$345.21M</td>
<td>-2.74%</td>
</tr>
<tr>
<td>E W Scripps</td>
<td>Buy</td>
<td>14.08%</td>
<td>$328.81M</td>
<td>4.09%</td>
</tr>
</tbody>
</table>

Key Takeaway:
AMC Networks ranks lower in Revenue Growth compared to its peer. It also has lower Gross Profit and Return on Equity.
<h3>Get to Know AMC Networks Better</h3>
AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.
<h3>AMC Networks: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, AMC Networks faced challenges, resulting in a decline of approximately -7.76% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: AMC Networks's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -4.67%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -2.74%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AMC Networks's ROA excels beyond industry benchmarks, reaching -0.6%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 2.36, AMC Networks adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/AMCX/earnings">To track all earnings releases for AMC Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at AMC Networks's Upcoming Earnings Report

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e983861405d5b0001b0a1bb/samad-samana">Jefferies analyst Samad Samana </a>upgraded Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from Hold to Buy and raised the price target from $145 to $200. Paylocity shares closed at $171.45 on Monday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Vikram Bagri upgraded the rating for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Buy and raised the price target from $200 to $254. First Solar shares closed at $196.25 on Monday. <a href="https://www.benzinga.com/quote/fslr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0f1/andrew-kaplowitz">Citigroup analyst Andrew Kaplowitz</a> upgraded Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Neutral to Buy and raised the price target from $52 to $65. Fluor shares closed at $53.86 on Monday. <a href="https://www.benzinga.com/quote/flr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst David Joyce upgraded AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announced a price target of $11. AMC Networks shares closed at $7.76 on Monday. <a href="https://www.benzinga.com/quote/amcx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Nasib Ahmed upgraded the rating for Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy. Aegon shares closed at $6.35 on Monday. <a href="https://www.benzinga.com/quote/aeg/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Seaport Global analyst David Joyce upgrades AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announces $11 price target.

Price Target

Seaport Global Upgrades AMC Networks to Buy, Announces $11 Price Target

Financing

Millennium Management Reports 5.7% Passive Stake In AMC Networks

ROKU

Roku Announces Launch Of AMC+ With Ads As A Premium Subscription On The Roku Channel; Launches Ad-Supported AMC+ Subscription For $4.99/Month, Offering The Same Series And Films As The Ad-Free Version

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 1% on Monday.
The Dow traded up 1.08% to 40,781.71 while the NASDAQ rose 0.76% to 16,818.23. The S&amp;P 500 also rose, gaining, 0.95% to 5,459.48.
Check This Out:<a href="https://www.benzinga.com/news/24/09/40770406/top-3-financials-stocks-that-could-blast-off-in-september"> Top 3 Financials Stocks That Could Blast Off In September</a>
Leading and Lagging Sectors Consumer discretionary shares surged by 1.8% on Monday.
In trading on Monday, communication services shares rose by just 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 87% to $5.26 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 40% to $2.2125 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 63% to $10.18 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 80% to $1.22. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 64% to $0.2927 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.12. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $68.54 while gold traded up 0.2% at $2,529.60.
Silver traded up 1.6% to $28.62 on Monday, while copper rose 1.6% to $4.14.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.82%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.99%. Spain's IBEX 35 Index rose 0.89%, while London's FTSE 100 rose 1.09%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
</ul>
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Equities

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Intraday Update

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SINT

Crude Oil Gains Over 1%; Relay Therapeutics Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Monday.
The Dow traded up 1.04% to 40,764.12 while the NASDAQ rose 1.31% to 16,908.76. The S&amp;P 500 also rose, gaining, 1.09% to 5,467.56.
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Leading and Lagging Sectors Consumer discretionary shares surged by 1.7% on Monday.
In trading on Monday, utilities shares fell by 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 100% to $5.63 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 78% to $2.8150 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 45% to $9.06 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 77% to $1.42. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 63% to $0.2974 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.09. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $68.01 while gold traded up 0.1% at $2,526.60.
Silver traded up 1.2% to $28.51 on Monday, while copper rose 1.2% to $4.1225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.79%, Germany's DAX gained 0.72% and France's CAC 40 rose 0.95%. Spain's IBEX 35 Index rose 0.85%, while London's FTSE 100 rose 0.85%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
</ul>
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Nasdaq Surges Over 1%; US Wholesale Inventories Rise 0.2% In July

General

AMC Networks shares are trading lower after the company announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry the portfolio of linear cable networks for multiple years.

Ad-Supported AMC+ will be Included in All Spectrum TV Select Packages at No Additional Cost to Customers&nbsp;&nbsp;
Charter to Make AMC+ Available for Purchase by Internet-Only Customers&nbsp;&nbsp;
NEW YORK and STAMFORD, Conn., Sept. 4, 2024 /PRNewswire/ -- AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) and Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) today announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry AMC Networks' portfolio of linear cable networks for multiple years to come. Continuing Charter's industry-leading strategy of including programmer streaming apps in the cable bundle to enhance the value proposition, the ad-supported version of AMC Networks' direct-to-consumer streaming service AMC+ will be included at no additional cost to Charter's Spectrum TV Select customers. Additionally, Charter will make AMC+ available for purchase to its millions of Internet-only customers.&nbsp;

Contracts

CHTR

AMC Networks And Charter Communications Announced They Have Agreed To An Early Renewal Of Their Distribution Agreement That Will Allow Charter To Carry AMC Networks' Portfolio Of Linear Cable Networks For Multiple Years To Come; Financial Terms Of The Agreement Were Not Disclosed

Wells Fargo analyst Steven Cahall maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $11 to $8.

Wells Fargo Maintains Underweight on AMC Networks, Lowers Price Target to $8

AMC Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported a fiscal second-quarter 2024 revenue decline of 7.8% year over year to $625.9 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40280308/amc-networks-inc-reports-second-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $601.3 million</a>.
The American entertainment company&#8217;s adjusted EPS of $1.24 fell 38.6% year over year and missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.52</a>.&nbsp;
Domestic Operations:&nbsp;Affiliate revenue decreased 12% to $172 million due to&nbsp;basic&nbsp;subscriber declines. Advertising revenues decreased 11% Y/Y to $149 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;
Content licensing revenues declined 18% to $67 million due to the availability of deliveries in the period.
Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.6 million compared&nbsp;to 11.0 million subscribers as of June 30, 2023.
Streaming revenues of $150 million increased 9%, primarily driven by year-over-year streaming subscriber growth and price increases.
The consolidated adjusted operating income decreased 13.6% to $152.8 million, with free cash flow at $95.2 million.
AMC Networks booked impairment and other charges of $97 million for the quarter, which primarily consisted of a $68 million goodwill impairment charge at AMC Networks International U.K. and $29 million of long-lived asset impairment charges at BBC America.
CEO Kristin Dolan&nbsp;said: &#8220;Key to our plan is the creation and curation of celebrated films and series, and making them available to audiences everywhere, including through an exciting new branded content licensing agreement with Netflix. In the first half of 2024, we&#8217;ve made significant progress against our strategic priority of generating strong free cash flow, and we&#8217;re well on our way to achieving our free cash flow guidance for the full year.&#8221;
AMC Networks lost 20% in the last 12 months.
Price Action: AMCX shares were trading lower by 2.82% to $10.01 premarket at the last check on Friday.

Guidance

AMC Networks Takes $97M Impairment Hit In Q2, Reaffirms Strong Free Cash Flow Outlook

Operational Highlights:
<ul>
<li>Expanded our longstanding relationship with Netflix by striking an innovative deal to strategically curate and window prior seasons of 15 AMC branded shows on their platform, launching on August 19th.</li>
<li>Entered into a new licensing partnership with Sky, making Sky the new home of The Walking Dead Universe in the UK.</li>
</ul>

NFLX

AMC Networks Has Expanded Relationship With Netflix To Strategically Curate Prior Seasons Of 15 AMC Branded Shows On Their Platform, Launching Aug 19

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported quarterly earnings of $1.24 per share which missed the analyst consensus estimate of $1.52 by 18.42 percent. This is a 38.61 percent decrease over earnings of $2.02 per share from the same period last year. The company reported quarterly sales of $625.940 million which beat the analyst consensus estimate of $601.343 million by 4.09 percent. This is a 7.76 percent decrease over sales of $678.628 million the same period last year.

Earnings Beats

Earnings Misses

AMC Networks Q2 2024 Adj. EPS $1.24 Misses $1.52 Estimate, Sales $625.940M Beat $601.343M Estimate

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), notching its best daily performance since January 2023.
On the economic data front, U.S. initial jobless claims declined by 17,000 to 230,000 in the week ending August 3, compared to market estimates of 240,000. U.S. wholesale inventories increased by 0.2% month-over-month to $903 billion in June, compared to a revised 0.5% rise in the earlier month.
US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) reported better-than-expected sales for the second quarter. Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) reported better-than-expected second-quarter financial results and raised its full-year guidance.
All sectors on the S&amp;P 500 closed on a positive note, with communication services, industrials, and information technology stocks recording the biggest gains on Thursday.
The Dow Jones closed higher by around 683 points to 39,446.49 on Thursday. The S&amp;P 500 rose 2.30% at 5,319.31, while the Nasdaq Composite jumped 2.87% at 16,660.02 during Thursday's session.
Investors are awaiting earnings results from EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), and AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 21.7, the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday, versus a prior reading of 19.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month</a></li>
</ul>

USFD

S&P 500 Records Best Session Since January 2023: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) to report a quarterly loss at 25 cents per share on revenue of $3.98 billion before the opening bell, according to data from Benzinga Pro. EchoStar shares fell 0.4% to $20.00 in after-hours trading.</li>
<li>Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) shares gained in after-hours trading after the company <a href="https://www.benzinga.com/news/earnings/24/08/40271345/take-two-interactive-software-stock-jumps-on-q2-earnings-what-investors-need-to-know">reported fiscal first-quarter financial results</a>. The company said first-quarter revenue rose 5% year-over-year to $1.34 billion. Net bookings came in at $1.22 billion, up 1% on a year-over-year basis. Take-Two shares climbed 5.3% in the after-hours trading session to $146.13.</li>
<li>Analysts are expecting American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) to post quarterly earnings at 11 cents per share on revenue of $1.58 billion. The company will release earnings before the markets open. American Axle shares gained 0.3% to $6.23 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40269788/doximity-stock-soars-on-q1-earnings-the-details">reported</a> better-than-expected first-quarter financial results and issued strong FY24 revenue guidance. Doximity&#8217;s first-quarter revenue increased 17% year-over-year to $126.68 million, beating the consensus estimate of $119.92 million, according to Benzinga Pro. The company reported adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share. Doximity shares jumped 28.5% to $32.97 in the after-hours trading session.</li>
<li>Analysts expect AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) to post quarterly earnings at $1.52 per share on revenue of $601.34 million before the opening bell. AMC Networks shares gained 0.4% to $10.34 in after-hours trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month</a></li>
</ul>
Photo courtesy: Take Two Interactive

Take-Two, EchoStar And 3 Stocks To Watch Heading Into Friday

After spiking in the first quarter of 2024, inflation has been weakening from April. In fact, per the June data, the annual rate of inflation dropped to its lowest level in more than two years, raising hopes of a rate cut in September. This bodes well as low interest rates improve consumer outlays, decrease the cost of borrowings and, in turn, boost economic growth.
Additionally, second-quarter quarter earnings have been impressive so far, with many companies reporting better-than-expected earnings per share. Given this brightening scenario, investors would like to design a winning portfolio of stocks for impressive returns. One way to do so is by following broker advice. Stocks like ADTRAN (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtn#NASDAQ">ADTN</a>), Bread Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfh#NYSE">BFH</a>), Owens &amp; Minor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>), Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) and AMC Networks (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) are worth monitoring.
We have designed a screen to shortlist stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of broker information, it has been included. The price/sales ratio takes care of the company&#39;s top line, making the strategy a well-rounded one.
<h3>Screening Criteria</h3>
# (Up- Down Rating)/ Total (4 weeks) =Top #75&nbsp;(This gives the list of the top 75 companies that have witnessed net upgrades over the last 4 weeks).
% change in Q (1) est. (4 weeks) = Top #10&nbsp;(This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).
Price-to-Sales = Bot%10&nbsp;(The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio).
Price greater than 5&nbsp;(as a stock trading below $5 will not likely create significant interest for most of the investors).
Average Daily Volume greater than 100,000 shares over the last 20 trading days&nbsp;(Volume has to be significant to ensure that these are easily traded).
Market value ($ mil) = Top #3000&nbsp;(This gives us stocks that are the top 3000 in terms of market capitalization).
Com/ADR/Canadian= Com&nbsp;(This takes out the ADR and Canadian stocks).
Here are five of the 10 stocks that made it through the screen:
ADTRAN is poised to capitalize on its strengths in ultra-broadband and fiber-to-the-home solutions along with Software-Defined or SD access and Ethernet passive optical network solutions. Its global leadership in SD access is likely to ensure a steady stream of revenues as it helps clients reduce costs and accelerate service delivery and deployment.
ADTN currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for ADTN&#39;s 2024 earnings has remained stable over the past 60 days.
Bread Financial is based in Columbus, OH. The company continues to benefit from data-driven marketing strategies. Solid receivables growth in Card Services should drive its top line. Acquisitions and divestitures will aid the company in growing inorganically and expanding its international footprint.
Over the past 60 days, the Zacks Consensus Estimate for BFH&#39;s current-quarter earnings has increased 31%. Bread Financial currently carries a Zacks Rank #3.
Owens &amp; Minor is a global healthcare solutions company. Shares of this Zacks Rank #3 company have gained 28% in the past month. In 2024, the company&#39;s earnings are expected to witness growth of 14.7% from 2023 actuals.
The Zacks Consensus Estimate for Owens &amp; Minor&#39;s 2024 earnings is currently pegged at $1.56 per share, indicating a 2% upward revision over the past 30 days. OMI&#39;s earnings surpassed estimates in each of the last four quarters, with an average beat of 11.1%.
Bally&#39;s shares have been moving north lately following news of its merger agreement with Standard General L.P., valued at approximately $4.6 billion. The agreement involves combining Bally&#39;s with The Queen Casino &amp; Entertainment Inc., a regional casino operator.&nbsp;
Over the past 60 days, the Zacks Consensus Estimate for BALY&#39;s current-quarter earnings has increased 57%. The company currently carries a Zacks Rank #2 (Buy).
AMC Networks is benefiting from a rising focus on high-quality programming and strong partnerships, which, in turn, are driving subscriber growth and ad revenues.
Over the past 60 days, the Zacks Consensus Estimate for AMCX&#39;s current-quarter earnings has remained stable at $1.38 per share. The radio and television broadcast company currently carries a Zacks Rank #3.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2315768/5-stocks-loved-by-brokers-worth-watching-currently?cid=CS-BENZ-FT-analyst_blog|rw-2315768">To read this article on Zacks.com click here.</a>

Mid Cap

Small Cap

ADTN

BALY

5 Stocks Loved by Brokers Worth Watching Currently

Shares of Ovid Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) dipped 65.7% to $1.1285 after Takeda&#8217;s Skyline study in Dravet syndrome missed its primary endpoint.
Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS).
AMMO shares dipped 19.1% to $2.0306 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares climbed 148% to $7.07 after dipping 19% on Friday.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares jumped 145% to $0.32 after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) gained 126.4% to $1.6750 after the company and its majority shareholder, Meridiam, announced a transaction framework agreement under which Meridiam will launch a tender offer for all issued and outstanding Allego shares not owned by Meridiam, with the option to tender shares for $1.70 per share in cash.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares gained 92.6% to $6.74 after surging 24% on Friday. Scinai Immunotherapeutics, last week, received a non-binding Letter of Intent from the European Investment Bank for converting loan into equity.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) rose 47% to $9.50.</li>
<li>The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) gained 32.2% to $9.97 after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) jumped 27% to $0.1044 after the company announced a $1 million share repurchase program.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) surged 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) gained 21.8% to $3.14.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 13.6% to $1.0650 after the company announced that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) rose 12.8% to $1.4899.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) gained 12.8% to $3.1459. CNS Pharmaceuticals recently announced pricing of registered direct offering and concurrent private placement.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) gained 11.8% to $0.1159 after a 13G filing showed a 9.99% passive stake from S.H.N. Financial Investments Ltd.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) climbed 10.5% to $2.0099. HC Wainwright &amp; Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) shares climbed 10.5% to $2.31 after falling around 5% on Friday. XTL recently entered into definitive agreement to acquire The Social Proxy.</li>
<li>Mirum Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) gained 10.2% to $28.58. Mirum&#8217;s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares rose 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 7.8% to $24.08 after the company and BlueTriton agreed to merge.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Aerovate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTE#NASDAQ">AVTE</a>) shares dipped 90.8% to $2.26 after the company reported 24-week topline results from phase 2b portion of IMPAHCT evaluating AV-101 for pulmonary arterial hypertension.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares dipped 33% to $3.9950. Kaival Brands Innovations Group shares jumped 338% on Friday after the company announced a $5 million offering of 3,012,048 units at $1.66 per unit.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) fell 29.4% to $0.36 in pre-market trading after jumping 12% on Friday.</li>
<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) declined 26% to $2.22. Workhorse announced a 1-for-20 reverse stock split of its common stock last week after shareholders approved the move at the company's annual meeting of stockholders in May.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell 25.7% to $11.67 after the company announced a private offering of $125 million of convertible senior notes.</li>
<li>iPower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NYSE">IPW</a>) shares fell 24.4% to $2.49 after the company announced a $5 million registered direct offering.</li>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) fell 21.3% to $0.0763 after the company received NYSE American notice of delisting and reported plans to appeal.</li>
<li>Atara Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRA#NASDAQ">ATRA</a>) declined 20.8% to $0.4044. Atara Biotherapeutics announced a 1-for-25 reverse stock split.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) dipped 20.7% to $0.6405.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLS#NASDAQ">SLS</a>) fell 20.6% to $1.19. SELLAS Life Sciences announced review of ongoing Phase 3 REGAL clinical trial of Galinpepimut-S in acute myeloid leukemia by IDMC.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) dipped 19.6% to $11.00.</li>
<li>Feutune Light Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLFV#NASDAQ">FLFV</a>) shares fell 18.5% to $7.99.</li>
<li>MYT Netherlands Parent B.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NASDAQ">MYTE</a>) declined 13.1% to $4.31.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) fell 12.8% to $4.9190.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) shares fell 12.6% to $1.92 after gaining 23% on Friday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 12.2% to $0.2451.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares declined 11.1% to $1.04. La Rosa Holdings shares jumped around 76% on Friday after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares declined 10.5% to $4.07.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) fell 10.2% to $3.5850. ZKH Group recently announced a $50 million share repurchase program.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 9% to $9.05.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 6.8% to $0.7636.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) declined 6.3% to $86.25 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) fell 5.3% to $5.44.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39357134/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a>

Movers

AGRI

ALLG

ATRA

AVTE

BIMI

BJDX

BMEA

BTDR

CETX

CNSP

EVTV

FCEL

FLFV

KAVL

LRHC

LXRX

MBIO

MEDS

MIRM

MYTE

NDRA

OUST

OVID

PRMW

SCNI

SCPX

SPCE

SYNX

TRNR

VERO

WKHS

XPOF

XTLB

XXII

Why Ovid Therapeutics Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Shares of Nurix Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) rose sharply in today's pre-market trading after the company announced results from its ongoing clinical trial of NX-5948 in patients with relapsed refractory <a href="https://www.benzinga.com/quote/NRIX/news">chronic lymphocytic leukemia</a>.
Nurix Therapeutics shares jumped 12.1% to $17.01 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) rose 89.4% to $6.61 in pre-market trading after surging 24% on Friday. Scinai Immunotherapeutics, last week, received a non-binding Letter of Intent from the European Investment Bank for converting loan into equity.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares rose 76.6% to $5.05 in pre-market trading after dipping 19% on Friday.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) gained 36.4% to $0.1414 in pre-market trading after a 13G filing showed a 9.99% passive stake from S.H.N. Financial Investments Ltd.</li>
<li>The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) gained 32.1% to $9.96 in pre-market trading after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 26.1% to $1.18 in pre-market trading after the company announced that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares gained 16.4% to $0.2649 in pre-market trading. SRIVARU shares jumped 49% on Friday after the company announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.</li>
<li>Kineta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KA#NASDAQ">KA</a>) rose 15.4% to $0.5990 in pre-market trading after gaining around 10% on Friday.</li>
<li>IceCure Medical Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) shares rose 14% to $0.93 in pre-market trading after gaining around 8% on Friday.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) shares climbed 13.4% to $2.37 in pre-market trading after falling around 5% on Friday. XTL recently entered into definitive agreement to acquire The Social Proxy.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Ovid Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) shares fell 64.1% to $1.18 in pre-market trading after Takeda&#8217;s Skyline study in Dravet syndrome missed its primary endpoint</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares fell 33.2% to $3.98 in pre-market trading. Kaival Brands Innovations Group shares jumped 338% on Friday after the company announced a $5 million offering of 3,012,048 units at $1.66 per unit.</li>
<li>iPower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NYSE">IPW</a>) shares fell 28.7% to $2.35 in pre-market trading after the company announced a $5 million registered direct offering.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) fell 22% to $0.3980 in pre-market trading after jumping 12% on Friday.</li>
<li>Feutune Light Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLFV#NASDAQ">FLFV</a>) shares fell 17.8% to $8.06 in pre-market trading.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) shares fell 15.6% to $1.86 in pre-market trading after gaining 23% on Friday.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares declined 12.8% to $1.02 in pre-market trading. La Rosa Holdings shares jumped around 76% on Friday after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares dipped 12% to $1.91 in pre-market trading after dipping over 10% on Friday.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell 9.4% to $14.24 in pre-market trading after the company announced a private offering of $125 million of convertible senior notes.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares declined 7.7% to $4.20 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39350959/investor-optimism-continues-to-wane-despite-nasdaqs-fifth-consecutive-record-close-on-friday">Investor Optimism Continues To Wane Despite Nasdaq&#8217;s Fifth Consecutive Record Close On Friday</a>

ICCM

NRIX

SVMH

ZAPP

Why Nurix Therapeutics Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

<h3>Gainers</h3>
<ul>
<li>Loop Media (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPTV#AMEX">LPTV</a>) shares rose 8.7% to $0.17 during Monday's pre-market session. The market value of their outstanding shares is at $12.4 million. </li>
<li>Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) stock increased by 6.99% to $4.05. The company's market cap stands at $58.1 million. </li>
<li>Collective Audience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAUD#NASDAQ">CAUD</a>) shares moved upwards by 6.47% to $0.42. The company's market cap stands at $5.8 million. </li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) stock rose 5.99% to $2.3. The company's market cap stands at $114.2 million. </li>
<li>Grindr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) shares moved upwards by 5.32% to $10.69. The market value of their outstanding shares is at $1.8 billion. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares increased by 5.0% to $2.1. The market value of their outstanding shares is at $4.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) shares decreased by 9.5% to $0.95 during Monday's pre-market session. The company's market cap stands at $13.5 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares declined by 8.49% to $0.41. The company's market cap stands at $6.1 million. </li>
<li>AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) stock decreased by 7.39% to $14.55. The market value of their outstanding shares is at $640.8 million. </li>
<li>Gamer Pakistan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) stock declined by 6.85% to $0.22. The company's market cap stands at $5.6 million. </li>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares decreased by 6.47% to $0.56. The market value of their outstanding shares is at $18.5 million. </li>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) shares fell 5.99% to $1.1. The company's market cap stands at $10.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANTE

ASST

CAUD

DRCT

GPAK

GRND

LPTV

Eaton Vance Massachusetts Municipal Income Trust

UONE

12 Communication Services Stocks Moving In Monday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday.
Shares of AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell sharply in today's pre-market trading after the company announced a private offering of $125 million of convertible senior notes.
AMC Networks shares dipped 9.4% to $14.24 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares fell 7.7% to $4.20 in pre-market trading.</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) declined 5.8% to $3.75 in pre-market trading after declining around 9% on Friday.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) fell 5.7% to $6.65 in pre-market trading.</li>
<li>Absci Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) fell 5.5% to $4.16 in pre-market trading.</li>
<li>ABIVAX Société Anonyme (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABVX#NASDAQ">ABVX</a>) declined 5.2% to $12.88 in pre-market trading.</li>
<li>Infinera Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) shares fell 4.4% to $5.00 in pre-market trading.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) shares fell 4% to $9.02 in pre-market trading.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) shares fell 3% to $89.35 in pre-market trading. Goldman Sachs analyst Susan Maklari downgraded Louisiana-Pacific from Neutral to Sell and lowered the price target from $89 to $81.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39351018/lennar-la-z-boy-and-3-stocks-to-watch-heading-into-monday">Lennar, La-Z-Boy And 3 Stocks To Watch Heading Into Monday</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

ABSI

ABVX

HUMA

INFN

Larimar Therapeutics, Inc. - Common Stock

LRMR

AMC Networks, Louisiana-Pacific And Other Big Stocks Moving Lower In Monday's Pre-Market Session

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AMC Networks: Undervalued On All Accounts

Seaport Research upgraded AMC Networks (AMCX) to Buy from Neutral with an $11 price target Published first on TheFly – the ultimate source for real...

AMC Networks upgraded to Buy from Neutral at Seaport Research

As previously reported, Seaport Research analyst David Joyce upgraded AMC Networks (AMCX) to Buy from Neutral with an $11 price target The firm thi...

Seaport upgrades AMC Networks to Buy on possible privatization opportunity

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

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