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Stock Prices

GME

GameStop saw significant options activity with a sweep of 20 May 17 $15 calls near the ask price, totaling 239 contracts at $1.931 each, against an open interest of 27,218. This activity comes ahead of GameStop's estimated earnings release on June 5, after the market closes, with the reference stock price at $14.5.

Portfolio Pulse from Charles Gross

May 06, 2024 | 3:21 pm

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) successfully completed its acquisition of Pioneer Natural Resources Company, significantly expanding its Permian production capacity. The merger created a combined entity with over 1.4 million net acres in key basins and an estimated 16 billion barrels of oil equivalent resource. ExxonMobil's Permian production is expected to more than double by 2023 and reach around 2 MOEBD by 2027. The company also aims to increase recycled water use in fracturing operations to over 90% by 2030. In Q1 FY24, ExxonMobil reported revenues of $83.083 billion, surpassing consensus estimates, but its adjusted EPS of $2.06 missed expectations. The company's cash balance stood at $33.3 billion. XOM shares saw a 1.28% increase to $117.49.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 3:17 pm

ENTG

Entegris (NYSE:ENTG) has seen a decrease in short interest, now at 2.79% of its float, down 3.12% from the last report. With 4.20 million shares sold short, it would take about 3.32 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards ENTG among investors. Compared to its peers, Entegris has a lower short interest percentage, with the average for its peer group at 6.45%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:15 pm

RS

Reliance (NYSE:RS) has seen a 21.0% decrease in short interest since its last report, with 692 thousand shares currently sold short, representing 1.58% of its available trading shares. This decrease in short interest could indicate a more bullish sentiment towards the stock among traders. Reliance's short interest is significantly lower than its peer group average of 6.09%, suggesting it is performing well compared to its peers.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:15 pm

SMCI

Super Micro Computer (NYSE:SMCI) has seen a 23.03% decrease in short interest, now at 3.10 million shares or 6.95% of its float. This decline suggests a shift in market sentiment towards more bullish views, contrasting with the peer group average short interest of 6.29%. The coverage time for short positions based on trading volume is approximately 1.0 day.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:15 pm

EYPT

GLYC

LYRA

NUVO

SGE

TSN

XBP

Nasdaq rose by 100 points as U.S. stocks traded higher, with Tyson Foods reporting weaker-than-expected Q2 sales. NUVO, SGE, and XBP shares surged on positive news, while LYRA, GLYC, and EYPT shares plummeted due to disappointing trial results.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 3:14 pm

FYBR

Frontier Communications' shares have seen an increase following the company's Q1 earnings report last week.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:13 pm

LTH

Life Time Group Holdings' stock price increased following Mizuho's decision to maintain a Buy rating and raise its price target from $23 to $29.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:09 pm

BLCO

Bausch & Lomb's stock price increased following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a raised price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:08 pm

SAVE

A Spirit Airlines executive announced during a conference call that the company expects to generate some cash in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:05 pm