The shares of Genius Brands International Inc. (NASDAQ: GNUS), a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May.The surge has come following a string of operational advancements and investments announced by the children entertainment company.New Network Brand The biggest of these is the anticipated launch of "Kartoon Channel" on June 15. Genius Brands said early May it was merging its two channels, "Kid Genius Cartoon Channel" and "Baby Genius TV," to create the new digital network.Kartoon Channel "will be available in over 100 million U.S. television households, and over 200 million mobile devices," and will stream on Amazon.com Inc.'s (NASDAQ: AMZN) Prime Video and Apple Inc.'s (NASDAQ: AAPL) Apple TV, among other platforms, the company said at the time.CEO Andy Heyward described the channel as a "turning point" in a letter to shareholders, and dubbed it free Netflix Inc. (NASDAQ: NFLX) for kids.Genius Brands announced around the same time that a toy line for its show "Rainbow Rangers" developed by Mattel Inc. (NASDAQ: MAT) will debut at Walmart Inc. (NYSE: WMT) stores in August.)Delisting At Nasdaq Canceled The Beverly Hills-based company announced four registered offerings of its shares in May, including .8 million and .4 million at $0.35 per share, million at $1.2 per share, and million at $1.5 per share.On May 28. Genius Brands said it had met the criteria of its shares closing at higher than $1 for ten consecutive days, and the company will no longer get delisted from Nasdaq.Price Action Genius Brands shares closed 97.3% higher at $7.93 on Wednesday. The shares traded another 9.7% higher in the after-hours session at $8.70.Image: Genius BrandsSee more from Benzinga * Zuora Shares Surge 21% As Company Reports Q1 Earnings Beat * BlackRock Sees These Opportunities As Best In Asia To Outlast Coronavirus * Google Takes Down 'Remove China Apps' With 5M Downloads(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Billionaire investor Dan Loeb’s Third Point LLC fund has Boeing Co (BA) listed among its top winners in May sending shares in the ailing planemaker up 13% on Wednesday.The stock help up its gains on Wednesday even after Loeb told CNBC that he bought Boeing debt and not stock, reversing earlier market rumors that the fund entered into an equity position. The planemaker is joined by the likes of Walt Disney (DIS) and Burlington Stores Inc. on the investor’s list of top winners in May. The hedge fund returned 1.6% on its investments in May after 7.1% a month earlier.In recent days, Boeing stock has benefited from a number of positive news. SMBC Aviation Capital announced this week that it has deferred, but not cancelled, the delivery of 68 of its 737 MAX jets until 2025. In addition, the struggling planemaker reached an agreement on a comprehensive package with German travel operator TUI to offset the financial impact of last year’s grounding of its 737 MAX jets.Last week, Boeing said it restarted 737 MAX production at its factory in Renton, Washington, albeit at a low rate and is planning to gradually ramp up production this year.Travel restrictions tied to the coronavirus pandemic have resulted in a deep cut in the number of commercial jets and services Boeing customers need over the next few years. As a result, Covid-19 has hit the planemaker very hard, with shares still down 48% since the beginning of the year.The stock surged 13% to $173.16 at the close on Wednesday and rose another 3% in after-market trading. It is up 19% so far this week.Wall Street analysts are still cautiously optimistic about the stock. Eight Buys, 11 Holds, and 1 Sell rating give Boeing a Moderate Buy analyst consensus, with the $161.61 average analyst price target reflecting 6.7% downside for Boeing shares. (See Boeing stock analysis on TipRanks).Related News: Amazon Leases 12 Boeing Cargo Aircraft To Meet Online Orders Surge TUI Strikes Compensation Deal With Boeing Over 737 MAX Jets Boeing Gets No Orders in April, Customers Cancel 737 MAX Jets More recent articles from Smarter Analyst: * Uber CEO Reveals Pickup In May Rides As Covid-19 Restrictions Ease * Elastic Falls 7% Post-Print; Top Analyst Sees Multiple Growth Levers Ahead * Costco Reports May Sales Jump; Top Analyst Says Stock ‘Best Positioned’ For Current Crisis * Amazon Leases 12 Boeing Cargo Aircraft To Meet Online Orders Surge

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