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TSLA

The Finnish Transport Workers' Union AKT has announced it will join a Nordic sympathy strike against Tesla, starting a blockade of Tesla vehicles at all Finnish ports on December 20. The action is in support of the ongoing labor dispute involving Tesla.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:16 pm

CHTR

Charter Communications (NASDAQ:CHTR) has seen an equal mix of bullish and bearish options trading, with 4 puts and 4 calls observed. The trades suggest a price range of $360 to $390 for CHTR. Significant options trades include both bullish and bearish sentiments with varying strike prices and expiration dates. The company, a result of a 2016 merger, serves 30 million residential and 2 million commercial accounts. CHTR's current market status shows a trading volume of 350,824 with a stable price of $361.98 and an RSI indicating it may be approaching oversold. An earnings announcement is expected in 50 days. Analysts have set an average target price of $490, with Benchmark maintaining a Buy rating.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 5:16 pm

NIO

NIO shares are trading lower after reports indicated that the company is contemplating further job reductions.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:15 pm

GM

General Motors Co (NYSE:GM) has partnered with Autocar Industries, LLC to develop a range of zero tailpipe emissions commercial vehicles using GM's HYDROTEC power cubes. The collaboration aims to provide Autocar's customers with zero emissions solutions, particularly for larger vehicles that require robust energy capacity and quick refueling times. The first vehicles are expected to enter production in 2026 at Autocar's Birmingham, Alabama plant. GM's stock rose 1.76% to $33.49 following the announcement.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 5:13 pm

PHIO

Phio Pharmaceuticals' stock is trading lower following the company's announcement of exercising warrants to raise $2.8 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:12 pm

AI

MSFT

NVDA

SEC Chairman Gary Gensler cautioned companies against overstating the impact of artificial intelligence (AI) on their financials, a practice he referred to as 'AI washing'. He emphasized the need for truthful disclosure when raising funds from the public. Gensler also warned about the use of generative AI for fraud. Shares of NVIDIA Corp (NVDA) and C3.ai Inc (AI) have seen significant increases in 2023, while Microsoft Corp (MSFT) invested $10 billion in OpenAI. AI was named Word of the Year by Collins Dictionary for 2023.

Portfolio Pulse from Chris Katje

December 07, 2023 | 5:12 pm

WBUY

Webuy Global's stock price has declined following the release of its H1 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:09 pm

CYN

Cyngn's stock price has increased following the announcement of a new patent, US-11,837,089-B2, for its autonomous vehicle and driving solutions.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:09 pm

ABBV

CERE

Cerevel Therapeutics Holdings, Inc. (NASDAQ:CERE) shares have risen after AbbVie Inc. (NYSE:ABBV) announced plans to acquire Cerevel for approximately $8.7 billion, or $45 per share in cash. The deal is expected to close in mid-2024. Following the announcement, analysts from Cantor Fitzgerald and Piper Sandler downgraded CERE from Overweight to Neutral, adjusting their price targets to $45. CERE's trading volume surged, with shares trading at $41.53, up more than 12%.

Portfolio Pulse from Erica Kollmann

December 07, 2023 | 5:05 pm

NAPA

RBC Capital analyst Nik Modi has reiterated an Outperform rating on Duckhorn Portfolio (NYSE:NAPA) and maintained a $19 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:05 pm