TCBP - Nasdaq Surges 1%; ConAgra Brands Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 150 points on Thursday.
The Dow traded up 0.49% to 39,319.03 while the NASDAQ rose 1% to 16,4340. The S&P 500 also rose, gaining, 0.75% to 5,250.72.
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Leading and Lagging Sectors
Real estate shares jumped by 1.1% on Thursday.
In trading on Thursday, health care shares rose by just 0.01%.
Top Headline
ConAgra Brands Inc (NYSE: CAG) reported better-than-expected third-quarter financial results.
ConAgra reported a third-quarter FY24 sales decline of 1.7% year-on-year to $3.03 billion, beating the analyst consensus estimate of $3.01 billion. Adjusted EPS of 69 cents beat the consensus estimate of 65 cents.
ConAgra reaffirmed its outlook for FY24 Organic net sales to decrease between 1.0% and 2.0% compared to fiscal 2023.
Equities Trading UP
TC Biopharm (Holdings) Plc (NASDAQ: TCBP) shares shot up 76% to $2.2850. TCBP announced execution of non-binding letter of intent for acquisition of NK Platform Technologies.
Shares of Allurion Technologies Inc. (NASDAQ: ALUR) got a boost, surging 116% to $3.73 after the company announced the commercial availability of its Virtual Care Suite in the ...