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Seritage Growth Props

Seritage Growth Properties is principally engaged in the ownership, development, redevelopment, management, and leasing of diversified and mixed-use properties throughout the United States.

Seritage Growth Properties Class A Common Stock

Seritage Growth Properties

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Shoprite Holdings Ltd

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Falcon Energy Materials PLC

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Seritage Growth Properties 7.00% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest

U.S. stock futures slipped on Wednesday after a mixed session on Tuesday. Futures of major benchmark indices were lower in premarket trading.
As the &#8220;Liberation Day&#8221; has arrived, traders will look for cues from President Donald Trump&#8217;s &#8220;reciprocal tariffs&#8221; scheduled to be announced later today.
The administration is reportedly considering a widespread 20% tariff that would affect a large portion of the $3 trillion in yearly imports, according to <a href="https://www.washingtonpost.com/business/2025/04/01/trump-tariffs-draft-recession-projection/">a</a> Washington Post report.
The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.88%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows markets pricing in an 85.5% likelihood of the Federal Reserve maintaining current interest rates through its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.29%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.30%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Tuesday. The SPY was down 0.25% to $559.58, while the QQQ declined 0.34% to $471.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Driven by gains in consumer discretionary, communication services, and information technology, the S&amp;P 500 closed slightly higher on Tuesday, though overall U.S. stocks settled mixed.
Conversely, the health care and financial sectors experienced declines. This sector divergence occurred as investors anticipated the Trump administration&#8217;s upcoming tariff announcements.
Meanwhile, broader market indices reflected significant losses for March and the first quarter of the year: the S&amp;P 500 saw its largest monthly drop since December 2022, falling 5.8%, while the Nasdaq and Dow tumbled 8.2% and 4.2% respectively. Quarterly, the Nasdaq declined 10.4%, the Dow 1.3%, and the S&amp;P 500 also recorded a loss.
Economic data revealed a decline in the ISM manufacturing PMI, an increase in construction spending, and a decrease in job openings.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.67%</td>
<td>17,449.89</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.38%</td>
<td>5,633.07</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.028%</td>
<td>41,989.96</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.016%</td>
<td>2,012.24</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As investors await further direction on the economy&#8217;s outlook after Trump&#8217;s tariffs, Jurrien Timmer, the director of global macro at Fidelity Investments, in his <a href="https://www.linkedin.com/pulse/study-contrasts-week-33125-jurrien-timmer-gjkwe/">recent note</a> said that &#8220;More uncertainty means higher risk premia.&#8221;
Th refers to the additional return investors expect to receive for taking on a riskier investment compared to a risk-free investment. It&#8217;s essentially the reward for bearing greater uncertainty.
He observes a significant shift in market sentiment, moving from confidence to doubt. He notes, &#8220;Markets continue to price in a possible left tail,&#8221; with the S&amp;P 500 hovering at the -10% correction threshold.
Timmer distinguishes between sharp, swift drawdowns, like the 1998 LTCM crisis, and potential recession-driven corrections. &#8220;Market cycles that are priced for recessions that don't happen are the ones we want to rebalance into.&#8221; However, he cautions that if fiscal austerity and trade tensions trigger a recession, &#8220;we are likely not done correcting.&#8221; The core-PCE inflation rate near 3% further complicates matters, potentially limiting the Fed&#8217;s support.
While acknowledging the difficulty of predicting market movements in real time, he emphasizes the importance of analyzing &#8220;the tape, sentiment, valuation, earnings estimates, and credit.&#8221; While the market appears &#8220;moderately oversold&#8221; and sentiment is cautious, it doesn&#8217;t indicate recessionary pricing, warranting &#8220;further patience.&#8221;
Regarding diversification, Timmer points to the performance of international equities, Treasuries, and gold. He also poses the crucial question: &#8220;whether the rotation out of the Mag 7 is a bump along the road to continued AI and mega cap dominance, or the BIG one.&#8221; He stresses that if a new secular regime is emerging, &#8220;the game going forward will be all about the alpha instead of the beta,&#8221; necessitating a wider asset allocation and lower equity return expectations.
Timmer also notes the historical occurrence of 10% drawdowns, stating &#8220;The odds of being in a 10% drawdown have been around 40% for the S&amp;P 500,&#8221; and that there is no clear historical pattern of what happens after a 10% decline. He also notes a similarity between the current market and the 1998 LTCM crisis, both catalyzed by an unwinding of crowded trades.
According to Eugenia Mykuliak, the founder and executive director at B2PRIME Group, tariffs can cause a disruption in global supply chains, which will lead businesses to reassess their supply routes.
A recalibration of the supply chain will lead to &#8220;Capital outflows from emerging markets and increased market volatility,&#8221; said Mykuliak.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul>
<li>March&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
</ul>
<ul>
<li>February&#8217;s factory orders data will be released at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed Governor Adriana Kugler will speak at 4:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) was up 0.36% in premarket on Wednesday ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of $1.34 per share on revenue of $602.80 million.</li>
</ul>
<ul>
<li>BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) advanced 3.22% as Wall Street expects it to report a quarterly earnings of 1 cent per share on revenue of $132.83 million before the opening bell.</li>
</ul>
<ul>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) rose 2.07% ahead of its earnings after the closing bell. Analysts expect a quarterly earnings of $1.92 per share on revenue of $829.56 million.</li>
</ul>
<ul>
<li>Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) jumped 31.61% after posting stronger-than-expected earnings and sales results for its fourth quarter on Tuesday.</li>
</ul>
<ul>
<li>nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) plunged 31.33%, reporting weaker-than-expected earnings for its fourth quarter, while sales topped estimates. The company also said it sees first-quarter total revenue of $138.75 million to $140.75 million and adjusted earnings of 15 cents to 16 cents per share.</li>
</ul>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) was 0.45% lower after completing its $4.9 billion acquisition of data-center equipment designer ZT Systems.</li>
</ul>
<ul>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) slumped 59.24% after it announced a voluntary delisting from the Nasdaq Capital Market.</li>
</ul>
<ul>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) declined 29.29% after it generated $61.8 million in asset sales, but reported a $158.4 million net loss for the year.</li>
</ul>
<ul>
<li>Sunshine Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) surged 54.77% after its 2024 revenue surged to $34.9 million from $24.1 million in the year-ago period.</li>
</ul>
<ul>
<li>Antelope Enterprise Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) plummeted 30.05% after announcing a 1-for-40 reverse stock split.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.13% to hover around $71.11 per barrel.
Gold Spot US Dollar advanced 0.30% to hover around $3,133.45 per ounce. Its fresh record high stood at $3,149.03 per ounce. The U.S. Dollar Index spot was lower by 0.11% at the 104.144 level.
Asian markets closed on a mixed note on Wednesday. Japan's Nikkei 225 and Australia's ASX 200 index advanced. Whereas China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index fell. European markets were also mixed in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44601482/gold-holds-above-3100-mark-price-surge-reflects-growing-economic-uncertainty-here-are-some">Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush</a></li>
</ul>
Photo courtesy: Shutterstock

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Market Summary

News

Futures

Commodities

Forex

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Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

ETFs

AEHL

NCNO

SBFM

SPWH

SYRA

US Stock Futures Slip Ahead Of 'Liberation Day' Tariffs Announcement: Expert Points To Uncertainty Amid Higher Risk Premia

Shares of Sportsman&#8217;s Warehouse Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected earnings and sales results for its <a href="https://in.benzinga.com/general/sports/25/04/44595938/sportsmans-warehouse-stock-soars-on-q4-earnings-revenue-beat-eps-beat-taking-share-in-core-categories-and-more">fourth quarter on Tuesday</a>.
Sportsman's Warehouse reported fourth-quarter revenue of $340.4 million, beating analyst estimates of $329.61 million, according to Benzinga Pro. Total revenue was down 8.1% on a year-over-year basis. The outdoor specialty retailer reported fourth-quarter adjusted earnings of four cents per share, beating estimates for a loss of six cents per share. Adjusted EBITDA was $14.6 million in the quarter.
Sportsman's Warehouse expects full-year 2025 net sales to be in the range of down 1% to up 3.5%. The company anticipates full-year adjusted EBITDA of $33 million to $45 million.
Sportsman&#8217;s Warehouse shares jumped 38.8% to $1.34 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) gained 159.6% to $0.0675 in pre-market trading after gaining around 8% on Tuesday.</li>
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) rose 93.1% to $3.07 in pre-market trading after jumping 341% on Tuesday.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) rose 56.9% to $3.28 in pre-market trading. Sunshine Biopharma reported that 2024 revenue surged to $34.9 million from $24.1 million in the year-ago period.</li>
<li>Innovation Beverage Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBG#NASDAQ">IBG</a>) gained 44.1% to $0.7134 in pre-market trading.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) surged 28.2% to $0.0555 in pre-market trading after dipping around 8% on Tuesday.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIAF#NASDAQ">BIAF</a>) rose 26.6% to $1.38 in pre-market trading. BioAffinity Technologies shares jumped 319% on Tuesday following a year-over-year increase in FY24 financial results.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) gained 23.1% to $0.0336 in pre-market after falling 9% on Tuesday.</li>
<li>Mister Car Wash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NASDAQ">MCW</a>) gained 12.3% to $8.89 in pre-market trading.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) gained 11.7% to $7.78 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Jayud Global Logistics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) shares fell 78.3% to $0.3490 in pre-market trading.</li>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) fell 59.8% to $0.1085 in pre-market trading after the company announced voluntary delisting from the Nasdaq Capital Market.</li>
<li>Quad/Graphics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QUAD#NYSE">QUAD</a>) declined 45.5% to $3.01 in pre-market trading.</li>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) fell 31.5% to $19.30 in pre-market trading after the company reported weaker-than-expected earnings for its fourth quarter, while sales topped estimates. The company also said it sees first-quarter total revenues of $138.75 million to $140.75 million and adjusted earnings of 15 cents to 16 cents per share.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell 29.3% to $2.10 in today's pre-market trading after dipping 8% on Tuesday. Seritage Growth Properties, on Monday, posted a fourth-quarter loss of 22 cents per share, versus a year-ago profit of 8 cents per share.</li>
<li>Waton Financial Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTF#NASDAQ">WTF</a>) shares tumbled 28% to $14.30 in pre-market trading after jumping 396% on Tuesday.</li>
<li>Silvercrest Asset Management Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) fell 26.7% to $12.10 in pre-market trading.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) dipped 26.4% to $0.0705 in pre-market trading. Antelope Enterprise announced a 1-for-40 reverse stock split.</li>
<li>Rapport Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPP#NASDAQ">RAPP</a>) shares dipped 24.7% to $7.20 in pre-market trading following a 5% decline on Tuesday.</li>
<li>Newsmax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) shares fell 21.2% to $183.73 in pre-market trading. Newsmax shares surged 179% on Tuesday on continued IPO launch strength.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/04/44600914/unifirst-blackberry-and-3-stocks-to-watch-heading-into-wednesday">UniFirst, BlackBerry And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
Photo via Danille Nicole Wilson/Shutterstock

AGMH

BIAF

DGLY

GRFS

NMAX

QUAD

RAPP

RSLS

SAMG

STSS

Why Sportsman's Warehouse Shares Are Trading Higher By Around 39%; Here Are 20 Stocks Moving Premarket

Earnings

Seritage Growth Properties Q4 EPS $(0.22) Down From $0.08 YoY

Seritage Growth Properties Announces CEO Andrea Olshan's Departure And Appointment Of Adam Metz As Interim CEO And President, Effective April 11, 2025

Seritage Growth Props Q3 EPS $(0.41) Down From $(0.04) YoY, Sales $3.25M Down From $5.05M YoY

Seritage Growth Properties Reports Voluntary Prepayment Of $25M Toward Its $1.6B Term Loan Facility Provided By Berkshire Hathaway

WIIM

Seritage Growth Properties shares are trading higher. The company reported Q2 financial results.

Seritage Growth Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) reported quarterly losses of $(1.82) per share. This is a 5.2 percent decrease over losses of $(1.73) per share from the same period last year.

Seritage Growth Props Q2 EPS $(1.82) Down From $(1.73) YoY

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">RLJ Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>)</h3>
<ul>
<li>On May 1, RLJ Lodging posted better-than-expected quarterly sales. &#8220;Our first quarter RevPAR growth came in line with our expectations given the holiday shift and we once again exceeded the industry while gaining market share,&#8221; commented Leslie D. Hale, President and Chief Executive Officer. The company's stock fell around 9% over the past month and has a <a href="https://www.benzinga.com/quote/RLJ">52-week low of $9.07</a>.</li>
<li>RSI Value: 24.51</li>
<li>RLJ Price Action: Shares of RLJ Lodging Trust closed at $10.07 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 6, Uniti Group announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries. The company's stock fell around 43% over the past month. It <a href="https://www.benzinga.com/quote/UNIT">has a 52-week low</a> of $3.20.</li>
<li>RSI Value: 19.80</li>
<li>UNIT Price Action: Shares of Uniti Group fell 0.6% to close at $3.24 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Community Healthcare Trust Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHCT#NYSE">CHCT</a>)</h3>
<ul>
<li>On April 30, Community Healthcare posted weaker-than-expected quarterly sales. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/CHCT">low of $22.57</a>.</li>
<li>RSI Value: 27.26</li>
<li>CHCT Price Action: Shares of Community Healthcare Trust fell 1% to close at $22.67 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>)</h3>
<ul>
<li>On May 13, Seritage Growth Properties said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million. The company's shares lost around 40% over the past month. The company's 52-week low is $5.59.</li>
<li>RSI Value: 7.16</li>
<li>SRG Price Action: Shares of Seritage Growth Properties fell 1.2% to close at $5.62 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Hudson Pacific Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>)</h3>
<ul>
<li>On May 1, Hudson Pacific Properties posted downbeat quarterly sales. &#8220;Our office leasing momentum accelerated to start off the year, as we signed over 500,000 square feet of leases in the first quarter. Leveraging our well-positioned portfolio and the strength of our platform, our team is executing on leasing even as adverse market conditions persist, and we view long-term demand drivers for our office space as compelling,&#8221; commented Victor Coleman, Hudson Pacific&#8217;s Chairman and CEO. The company's shares fell around 12% over the past five days. The company <a href="https://www.benzinga.com/quote/HPP">has a 52-week low</a> of $4.05.</li>
<li>RSI Value: 27.15</li>
<li>HPP Price Action: Shares of Hudson Pacific Properties fell 3.7% to close at $4.70 on Friday.</li>
</ul>
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Long Ideas

Trading Ideas

CHCT

UNIT

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month

The CNN Money Fear and Greed index showed some improvement in overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index snapping an eight-session winning streak.
U.S. major indices recorded gains last week, with the Dow gaining 2.16% to record its fourth positive week in a row. The S&amp;P 500 gained 1.85%, gaining for the third straight week.
Data on consumer price index will be released on Wednesday, with economists projecting an increase of 0.4% month-over-month in April. The producer price index is scheduled for release on Tuesday.
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped over 74% on Monday amid possible retail investor interest following a social media post by Roaring Kitty. Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) dipped more than 27% after the company reported first-quarter financial results and said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer staples, industrials and financial stocks recording the biggest losses on Monday. However, information technology and real estate stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 81 points to 39,431.51 on Monday. The S&amp;P 500 fell 0.02% at 5,221.42, while the Nasdaq Composite gained 0.29% at 16,388.24 during Monday's session.
Investors are awaiting earnings results from International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>), Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) today.
At a current reading of 49.8, the index remained in the &#8220;Neutral&#8221; zone on Monday, versus a prior reading of 47.5.
What is CNN Business Fear &amp; Greed Index?
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.
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BABA

Investor Optimism Improves, But Dow Snaps 8-Session Winning Streak

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 50 points on Monday.
The Dow traded down 0.15% to 39,453.60 while the NASDAQ rose 0.21% to 16,375.08. The S&amp;P 500 also fell, dropping, 0.06% to 5,219.74.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Information technology shares rose by 0.7% on Monday.
In trading on Monday, communication services shares fell by 1%.
Top Headline
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock surged on Monday amid possible retail investor interest following a social media post by Roaring Kitty.
Shares of struggling video game retailer GameStop surged around 60% in May from $10.91 on May 1 to $17.46 today but remain far from the peak of around $81.2 in 2021. "Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 70% to $29.72 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 83% to $2.30 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) shares were also up, gaining 36% to $3.14 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares dropped 21% to $0.45 following weak quarterly results.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 32% to $6.30 after the company reported first-quarter financial results. The company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 28% to $1.42 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2</a> 
Commodities In commodity news, oil traded up 0.5% to $78.64 while gold traded down 1.4% at $2,342.50.
Silver traded down 0.1% to $28.495 on Monday, while copper rose 2.1% to $4.7625.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.02%, Germany's DAX fell 0.16% and France's CAC 40 slipped 0.12%. Spain's IBEX 35 Index rose 0.42%, while London's FTSE 100 fell 0.22%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

Eurozone

ACIU

AKTS

AMPX

CCLD

Gold Down Over 1%; AC Immune Shares Spike Higher

Shares of Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) fell sharply in today's session following <a href="https://www.benzinga.com/quote/AKTS/earnings">weak quarterly results</a>.
Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 49.4% to $4.73 trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) gained 33.2% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) gained 31% to $3.02 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) climbed 28.9% to $4.77.</li>
<li>Cazoo Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) rose 28.2% to $7.55.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) climbed 27% to $1.25 after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) gained 24.2% to $0.3849.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) gained 21% to $3.48.</li>
<li>The Children&#8217;s Place, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) rose 21.1% to $13.30.</li>
<li>Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) climbed 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) rose 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) gained 15.7% to $2.66.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) rose 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 13.7% to $3.0250.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 13.6% to $0.1659. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) climbed 13.3% to $0.9495. Newegg received Nasdaq notification regarding minimum bid requirements.</li>
<li>Squarespace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) gained 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) rose 12.2% to $4.2650.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) rose 10.9% to $59.37.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 8.6% to $2.4636. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares fell 41.6% to $0.1699 after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell 35% to $6.05 after the company reported first-quarter financial results.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) fell 31.5% to $1.3488 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) declined 19.3% to $0.0710. On May 9, the company received staff determination from the Nasdaq to delist the company's securities from Nasdaq Capital Market.</li>
<li>Dingdong (Cayman) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) dipped 16.6% to $1.7996 following first-quarter financial results.</li>
<li>The Singing Machine Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) declined 15.3% to $0.8133.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 14.2% to $1.6383. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) fell 13.4% to $0.8699.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) shares declined 12.6% to $28.85 after the company reported soft first-quarter results and cut its revenue outlook.</li>
<li>NL Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NL#NYSE">NL</a>) dipped 11.5% to $6.97.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 11.1% to $0.61 after jumping around 58% on Friday.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 10.4% to $1.0584. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) fell 9% to $3.6692 after the company announced plans to acquire ALT 5 Sigma Inc.</li>
<li>CompX International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIX#NYSE">CIX</a>) dipped 8.1% to $22.94.</li>
<li>MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) fell 6.5% to $122.00 as the company announced a proposed private offering of $1 billion of convertible senior notes</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38789351/taiwan-semiconductor-applied-materials-and-more-on-cnbcs-final-trades">Taiwan Semiconductor, Applied Materials And More On CNBC&#8217;s &#8216;Final Trades</a>&#8216;

Intraday Update

Movers

AEMD

AMCX

BNED

BYON

CYCC

CZOO

FTRE

GRPN

HCTI

HSCS

IRBT

KITT

KOSS

LCID

MICS

MKSI

NEGG

NVAX

NWTN

PLCE

RDDT

RXRX

SAVE

SPWR

SQSP

TVGN

TWOU

Why Akoustis Technologies Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 0.3% on Monday.
The Dow traded down 0.01% to 39,509.81 while the NASDAQ rose 0.26% to 16,382.89. The S&amp;P 500 also rose, gaining, 0.02% to 5,223.64.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a> 
Leading and Lagging Sectors Information technology shares rose by 0.5% on Monday.
In trading on Monday, communication services shares fell by 1.3%.
Top Headline
GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock rose sharply on Monday amid possible retail investor interest following a social media post by Roaring Kitty.
Shares of struggling video game retailer GameStop surged around 60% in May from $10.91 on May 1 to $17.46 today but remain far from the peak of around $81.2 in 2021. "Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 64% to $28.70 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 78% to $2.2413 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) shares were also up, gaining 29% to $2.9711 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares dropped 19% to $0.46 following weak quarterly results.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 33% to $6.24 after the company reported first-quarter financial results. The company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 30% to $1.3872 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2</a> 
Commodities In commodity news, oil traded up 1.6% to $79.47 while gold traded down 1.1% at $2,348.70.
Silver traded up 0.1% to $28.54 on Monday, while copper rose 1.6% to $4.7390.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.04%, Germany's DAX fell 0.16% and France's CAC 40 slipped 0.13%. Spain's IBEX 35 Index rose 0.19%, while London's FTSE 100 fell 0.21%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

Crude Oil Surges Over 1%; Amprius Technologies Shares Plunge

General

Seritage Growth Properties shares are trading higher after the company said it is negotiating an agreement for the sale of four assets for gross proceeds of $79.1 million.

<ul>
<li>The Company has accepted offers on and is currently negotiating definitive purchase and sale agreements on four assets for total gross proceeds of approximately $79.1 million including:
<ul>
<li>$24.0 million in gross proceeds from one income producing Multi-Tenant Retail asset reflecting a 8.5% capitalization rate;</li>
<li>$8.1 million in gross proceeds from one vacant / non-income producing Non-Core assets to be sold at $55.18 PSF eliminating $0.3 million of carry costs; and</li>
<li>$47.0 million in gross proceeds from monetizing two unconsolidated entity interests.</li>
</ul>
</li>
</ul>

Asset Sales

Seritage Growth Properties On Friday May 10, 2024 Said It Is Negotiating An Agreement On The Sale Of 4 Assets For Gross Proceeds Of $79.1M

U.S. stocks traded higher this morning, with the Dow Jones gaining around 90 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 39,606.48 while the NASDAQ rose 0.32% to 16,392.92. The S&amp;P 500 also rose, gaining, 0.22% to 5,233.92.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38786930/jpmorgan-global-payments-and-2-other-stocks-insiders-are-selling">JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling</a> 
Leading and Lagging Sectors Consumer discretionary shares rose by 0.1% on Monday.
In trading on Monday, communication services shares fell by 0.2%.
Top Headline
Shares of Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) gained over 5% on Monday after the company reported results for its first quarter.
The company reported a fiscal first-quarter 2024 revenue decline of 3.4% year-over-year to $937.0 million (6.77 billion Chinese yuan), beating the analyst consensus estimate of $917.6 million. Its adjusted EPADS of $0.15 (CNY1.09) beat the analyst consensus estimate of $0.14.
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>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares shot up 54% to $26.89 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>Shares of CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) got a boost, surging 33% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares were also up, gaining 34% to $4.25.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dropped 38% to $0.1804 after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) were down 36% to $5.95 after the company reported first-quarter financial results.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) was down, falling 31% to $1.35 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38788200/top-5-tech-stocks-that-may-plunge-in-q2">Top 5 Tech Stocks That May Plunge In Q2 </a>
Commodities In commodity news, oil traded up 0.6% to $78.70 while gold traded down 1.2% at $2,347.30.
Silver traded down 0.4% to $28.39 on Monday, while copper rose 0.7% to $4.6945.
Euro zone
European shares were slightly lower today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX fell 0.2% and France's CAC 40 slipped 0.2%. Spain's IBEX 35 Index slipped 0.1%, while London's FTSE 100 fell 0.2%.
The BNP Paribas Real Estate Construction PMI in Ireland rose to 53.2 in April compared to previous month's reading of 51.6.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, China's Composite Index falling 0.21%, Hong Kong's Hang Seng Index gaining 0.80% and India's S&amp;P BSE Sensex gaining 0.15%.
China&#8217;s producer prices fell by 2.5% year-over-year in April compared to a 2.8% decline in March, while annual inflation rate increased to 0.3% in April. China&#8217;s vehicle sales climbed by 9.3% year-over-year to 2.36 million in April.
Economics
No major economic reports are scheduled for release today.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38788258/this-analyst-with-85-accuracy-rate-sees-over-30-upside-in-uber-here-are-5-stock-picks-fo">This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

US Stocks Higher; Tencent Music Shares Fall After Q1 Results

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.
Shares of Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell sharply in today's pre-market trading after the company reported a <a href="https://www.benzinga.com/quote/SRG/earnings">loss for the first quarter</a>.
The company posted a quarterly loss of 36 cents per share, versus a year-ago loss of $1.13 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Seritage Growth Properties shares dipped 23.6% to $7.12 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares declined 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
<li>Chimera Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIM#NYSE">CIM</a>) shares fell 6.3% to $4.32 in pre-market trading. Chimera Investment announced a 1-for-3 reverse stock split.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) shares declined 6% to $31.06 in pre-market trading after the company reported soft first-quarter results and cut its revenue outlook.</li>
<li>Mesoblast Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares declined 3.7% to $7.09 in pre-market trading after gaining around 3% on Friday.</li>
<li>Mind Medicine (MindMed) Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) shares fell 3.7% to $8.92 in pre-market trading.</li>
<li>MKS Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) shares declined 3.4% to $126.02 in pre-market trading as the company reported a proposed private offering of $1 billion of convertible senior notes.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) shares fell 3.3% to $7.29 in pre-market trading after declining 7% on Friday.</li>
<li>PENN Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) shares slipped 3% to $15.61 in pre-market trading. B of A Securities analyst Shaun Kelley downgraded PENN Entertainment from Buy to Neutral and lowered the price target from $28 to $17.5.</li>
<li>Burford Capital Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) shares slipped 2.5% to $15.05 in pre-market trading after reporting first-quarter results.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

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Seritage Growth Properties Posts Q1 Loss, Joins Fortrea Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Seritage Growth Properties shares are trading lower. The company reported Q1 financial results.

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>)</h3>
<ul>
<li>LuxUrban Hotels is scheduled to report financial results for the first quarter ended March 31, 2024 on Monday, May 13, after the closing bell. The company's stock fell around 26% over the past five days and has a <a href="https://www.benzinga.com/quote/LUXH">52-week low of $0.6190</a> .</li>
<li>RSI Value: 29.98</li>
<li>LUXH Price Action: Shares of LuxUrban Hotels fell 12% to close at $0.6235 on Friday.</li>
</ul>
<h3 class="wp-block-heading">FLJ Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 1, FLJ Group received a NASDAQ determination letter on compliance plan. The company's stock fell around 31% over the past month. It <a href="https://www.benzinga.com/quote/FLJ">has a 52-week low</a> of $0.3730.</li>
<li>RSI Value: 24.77</li>
<li>FLJ Price Action: Shares of FLJ Group gained 1.3% to close at $0.3949 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>)</h3>
<ul>
<li>On May 10, Seritage Growth Props posted a narrower quarterly loss. &#8220;We are continuing to advance our Plan of Sale, having sold $80 million of assets year to date and repaid an equal amount of debt in the process.  Since the announcement of our strategic review and election to be taxed as a C-Corp two years ago, we have sold 151 assets for approximately $1.7 billion of gross proceeds and repaid roughly $1.2 billion in debt.  Based on our broad transaction experience, we are seeing a few themes emerge. Assets previously underwritten for life sciences or tech office are now frequently being reconsidered for other uses in higher demand but with less aggressive rent profiles, which, taken together with high construction costs, drives down the amount that can be paid for land.  We are also seeing investors focusing on less risky debt or cash flowing equity investments to generate double-digit returns. Yet, some with a longer-term view are starting to come back to the development market. With more stability in interest rates and inflation, buyers are able to underwrite deals more confidently, albeit at lower valuations. As such we are adjusting our pricing projections for some of our assets.&#8221; said Andrea L. Olshan, Chief Executive Officer and President. The company has a 52-week <a href="https://www.benzinga.com/quote/SRG">low of $7.07</a>.</li>
<li>RSI Value: 12.67</li>
<li>SRG Price Action: Shares of Seritage Growth Properties fell 0.1% to close at $9.32 on Friday.</li>
</ul>
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LUXH

Top 3 Real Estate Stocks That May Rocket Higher This Month

Shares of JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) rose sharply in today's pre-market trading after the company announced plans to <a href="https://www.benzinga.com/quote/JAN/news">acquire ALT 5 Sigma Inc</a>.
The deal is projected to close in the week of May 13th.
JanOne shares jumped 18.6% to $4.78 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>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 74.7% to $1.72 in pre-market trading after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 31.3% to $0.1928 in pre-market trading. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares gained 16.7% to $20.40 in pre-market trading following a 3% decline on Friday.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 15.4% to $3.69 in today's pre-market trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 15% to $2.61 in pre-market trading. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) shares gained 10.7% to $0.48 in pre-market trading after gaining 3% on Friday.</li>
<li>WaveDancer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares rose 9.2% to $3.34 in pre-market trading.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 8.2% to $9.61 in pre-market trading. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 7.1% to $13.88 in pre-market trading. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dipped 33% to $0.1949 in pre-market trading after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) shares fell 23.6% to $7.12 pre-market trading after the company reported a loss for the first quarter.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) dipped 23.6% to $2.68 in pre-market trading after posting weak second-quarter results.</li>
<li>Caravelle International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares fell 20.8% to $0.57 in pre-market trading after declining around 4% on Friday.</li>
<li>Portage Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares declined 20.7% to $0.20 in pre-market trading after falling 10% on Friday. The company, last month, announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 18.6% to $0.96 in pre-market trading. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 16.2% to $1.60 in pre-market trading. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares declined 12.7% to $0.3110 in pre-market trading after gaining around 10% on Friday.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 12.3% to $0.6011 in pre-market trading after jumping around 58% on Friday.</li>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares fell 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
</ul>
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Press Releases

Long-Term Investor News: Biogen, Seritage Growth, Arbor Realty, and Five Below Investors are Encouraged to Contact Johnson Fistel, LLP for Their Options

SERITAGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Seritage Growth Properties on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Pomerantz Law Firm Announces the Filing of a Class Action Against Seritage Growth Properties – SRG

Seritage Growth Properties Makes $25 Million Loan Prepayment

Seritage Growth Properties Reports Third Quarter 2024 Operating Results

Seritage Growth Properties Makes $15 Million Loan Prepayment

Seritage Growth Properties Announces CEO Transition

Seritage Growth Properties Reports Fourth Quarter and Full Year 2024 Operating Results

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