The Latest Breaking News from NYSE

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Lyft, Inc (NASDAQ:LYFT) looks to slow hiring, reducing some of its departments' budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc (NYSE:UBER) in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer…

On Tuesday, shares of CynergisTek, Inc. (NYSE: CTEK) experienced volatile short activity. After the activity, the stock price went up +100.00% to $1.180. The overall sentiment for CTEK has been Bearish.

The FDA is easing regulations to allow infant formula imports from Britain, bringing around 2 million cans onto empty shelves by June to ease a nationwide shortage, Reuters reported. The FDA said it was "exercising enforcement discretion" to allow Britain-based Kendal Nutricare to import certain infant formula products under the Kendamil…

Upgrades Credit Suisse upgraded the previous rating for Molecular Partners AG (NASDAQ:MOLN) from Underperform to Neutral. NoneAt the moment, the stock has a 52-week-high of $32.04 and a 52-week-low of $5.92. Molecular Partners closed at $6.88 at the end of the last trading period.

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 25, 1931, the New York Stock Exchange began regularly reporting short selling data for the first time.

Zhihu Inc (NYSE:ZH) reported first-quarter FY22 revenue growth of 55.4% year-on-year to $117.2 million, beating the consensus of $107.3 million. Segments: Zhihu's Advertising revenue increased 1.7% Y/Y to $34.3 million. Paid membership revenue expanded 75.1% Y/Y to $35 million. Content-commerce solutions revenue rose 87.7% Y/Y to $35.8 million.  Drivers: Average monthly active users (MAUs) grew…

According to Benzinga Pro, during Q1, NOW (NYSE:DNOW) earned $30.00 million, a 150.0% increase from the preceding quarter. NOW also posted a total of $473.00 million in sales, a 9.49% increase since Q4.

According to Benzinga Pro, during Q2, Sally Beauty Holdings (NYSE:SBH) earned $46.81 million, a 32.0% increase from the preceding quarter. Sally Beauty Holdings's sales decreased to $911.39 million, a 7.03% change since Q1.