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DJT

Trump Media & Technology Group issued a letter to Nasdaq on April 18, addressing concerns about naked short selling of its stock and potential market manipulation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:56 pm

AMZN

Amazon Inc. (NASDAQ:AMZN) has been secretly gathering intelligence on competitors for nearly a decade through Big River Services International, a covert operation originating from a 2015 plan named 'Project Curiosity'. Big River sold goods on e-commerce platforms like eBay, Shopify, Walmart, and Amazon, using sales data to inform Amazon's business strategies. This operation is revealed as Amazon faces antitrust charges from the U.S. FTC and 17 states for marketplace practices.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 12:55 pm

LUNA

Luna Innovations shares are trading lower following the announcement of the restatement of financial statements due to accounting errors in revenue recognition.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:44 pm

MAXN

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has filed a patent infringement lawsuit against REC Solar Holdings AS in the Eastern District of Texas. The lawsuit alleges REC Solar's infringement of Maxeon's patents related to TOPCon solar cell technology. Maxeon, a leader in solar innovation, holds over 1,650 granted patents and more than 330 pending applications, covering technologies such as IBC, Shingled Hypercell, and TOPCon. Maxeon's Associate General Counsel, Marc Robinson, emphasized the company's commitment to fair competition and its intent to enforce its patent rights vigorously.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:33 pm

HUBC

HUB Cyber Security Ltd. has responded to a lawsuit from Dominion by filing a counterclaim in a New York court, alleging misconduct by Dominion. This legal action escalates the dispute between the two companies, potentially impacting investor sentiment and the stock performance of HUBC.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:33 pm

LUNA

Luna Innovations Incorporated (NASDAQ:LUNA) announced the need to restate its financial statements for the fiscal year ended December 31, 2022, and interim periods due to accounting errors in revenue recognition. The company's previously issued financial information for these periods is now considered unreliable. A Special Committee is conducting an independent review to determine the full impact, with no current estimate on when restated financial statements will be filed.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:32 pm

DRI

KTB

TPR

Wall Street's most accurate analysts recommend three high-dividend yielding consumer stocks: Darden Restaurants, Inc. (DRI), Tapestry, Inc. (TPR), and Kontoor Brands, Inc. (KTB). DRI has mixed Q3 results, TPR faces a potential FTC lawsuit against its takeover of Capri, and KTB plans to release Q1 2024 financial results soon. Analysts have provided updated ratings and price targets for these stocks.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 11:59 am

LIFW

MSP Recovery's stock is trading higher following the announcement of a settlement with 10 affiliated property and casualty insurers operating in 15 states.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:55 am

TSLA

Tesla shares are trading lower following a recall of 3,878 Cybertrucks due to an accelerator pedal issue.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:37 am

DCFC

Tritium DCFC announced that on April 18, it and three of its Australian subsidiaries were deemed insolvent or likely to become insolvent. Consequently, an administrator was appointed, suspending the powers of the directors and transferring control of the company's affairs to the administrator.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:31 am