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ALK

HA

Hawaiian Airlines (NASDAQ:HA) shares surged over 180% in pre-market trading following the announcement that Alaska Air Group, Inc. (NYSE:ALK) plans to acquire the company for $1.9 billion. The merger is expected to expand domestic and international options for customers. Other stocks showed significant movement in pre-market trading, with notable gainers including Hut 8 Mining Corp (NASDAQ:HUT) and Bit Brother Limited (NASDAQ:BETS), and losers such as NLS Pharmaceutics AG (NASDAQ:NLSP) and Panbela Therapeutics, Inc. (NASDAQ:PBLA).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:00 pm

CNM

Core & Main, Inc. (NYSE:CNM) is expected to release its Q3 financial results on Dec. 5, 2023, with analysts predicting an EPS of 68 cents, up from 67 cents a year ago, and revenue of $1.83 billion. The company completed the acquisition of assets from Enviroscape ECM, Ltd. CNM's stock closed up 2.8% at $36.00. Analysts from RBC Capital, Wolfe Research, Citigroup, Barclays, and Goldman Sachs have provided ratings and price targets for CNM, with various adjustments and accuracy rates.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:00 pm

FSR

Fisker (NYSE:FSR) has been rated by analysts in the last quarter with 1 bullish, 1 indifferent, and 2 somewhat bearish ratings. The average 12-month price target among 4 analysts is $4.25, with a high of $8.00 and a low of $2.00, representing a 15.0% decrease from the previous target of $5.00. Analyst ratings are based on future earnings and revenue predictions and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:00 pm

TRP

Over the past 3 months, 4 Wall Street analysts have provided ratings on TC Energy (NYSE:TRP) with 3 indifferent and 1 bearish. The average price target is $44.0, representing an implied upside from the current price of $37.84. This target is a 12.87% decrease from the previous target of $50.50.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:00 pm

WBX

Wallbox NV has agreed to sell 10.4 million Class A shares at a price of $3.05 per share, raising a total of $31.6 million from the sale.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:55 pm

CTO

CTO Realty Growth, Inc. (NYSE:CTO) has sold three single tenant outparcels in Chandler, Arizona for $9.2 million. These outparcels, leased to Olive Garden, Old Chicago Pizza + Taproom, and Mattress Firm, were part of CTO's Crossroads Towne Center property and the sale resulted in a 5.9% cap rate and approximately $3.0 million in gains.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:50 pm

MSFT

OpenAI has delayed the launch of its GPT Store from 2023 to early 2024 due to leadership changes and unresolved operational questions. The delay follows a temporary ousting of CEO Sam Altman over internal disagreements. Despite the setback, OpenAI, backed by Microsoft Corp (NASDAQ: MSFT), aims to generate over $1 billion in revenue from AI software and computing capacity sales. MSFT shares dropped 0.60% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 12:44 pm

GPOR

Gulfport Energy has agreed to purchase 292,910 shares of its common stock from selling stockholders at a price of $136.56 per share, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

December 04, 2023 | 12:43 pm

CME

CME Group reported a record November Average Daily Volume (ADV) of 28.3 million contracts, marking a 21% increase over the same period in 2022. This performance represents the company's highest-ever November ADV.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:38 pm

GM

Citigroup analyst Itay Michaeli has reaffirmed a Buy rating on General Motors (NYSE:GM) and increased the price target from $90 to $95.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:30 pm