Streetbeat News

Stock Prices

SGE

Shares of Strong Global Entertainment (SGE) were halted due to a circuit breaker after surging 94.7%. This significant increase in stock price indicates a highly positive market reaction to recent developments or news related to the company.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:52 pm

LILM

Lilium N.V (NASDAQ:LILM) shares surged after announcing a partnership with UrbanLink, which will purchase 20 Lilium Jets for its operations in South Florida. This marks a significant milestone for Lilium and the commercialization of eVTOLs in the U.S., highlighting a growing market demand. UrbanLink, led by Ed Wegel, chose Lilium for its jet's design, range, and cost-effectiveness, aiming to revolutionize urban mobility. Lilium's stock rose 18.3% to $1.23 following the announcement.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:52 pm

MMAT

Meta Materials Inc (NASDAQ:MMAT) shares dropped 24% to $2.55 after announcing an 80% workforce reduction due to liquidity challenges and difficulties in securing financing. The company is exploring strategic options, including asset divestiture, seeking additional financing, or selling the company, with a risk of closing facilities or bankruptcy. MMAT has underperformed with an 89.46% loss year to date, compared to its historical average annual return of -79.45%. The stock's RSI is 58.83, indicating neutral conditions.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 1:50 pm

CDE

Coeur Mining shares are trading higher due to an increase in gold prices.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:50 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) is set to report its Q1 earnings with Wall Street expecting 8 cents in EPS and $625.43 million in revenues. The stock has seen a significant increase, up 208.60% over the past year and 35.88% YTD. Analysts highlight Palantir's commercial success in the US but note challenges in its government segment. Technical indicators suggest a bullish trend for PLTR stock, with its price above key EMAs and other positive signals from MACD and RSI. Analyst consensus rates PLTR as Neutral with a price target of $17.09, though recent targets suggest a potential 5.12% upside.

Portfolio Pulse from Surbhi Jain

May 06, 2024 | 1:49 pm

BENF

Beneficient shares were halted due to a circuit breaker trigger after the stock fell by 5.13%.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:48 pm

MMAT

Meta Materials announced a significant workforce reduction, cutting about 80% of its employees, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:48 pm

HOOD

There was a notable options activity on Robinhood Markets (HOOD) with a sweep of 372 contracts for Friday $20 calls near the ask price of $0.79, compared to an open interest of 7195. This activity occurred with Robinhood's stock price at $18.32, ahead of their earnings announcement on May 8th after the market closes.

Portfolio Pulse from Charles Gross

May 06, 2024 | 1:44 pm

QQQ

SPY

Veteran Wall Street investor Ed Yardeni believes we're still in a bull market, supported by a less aggressive Federal Reserve, positive earnings season, and a drop in geopolitical risk premiums, as indicated by the decline in Brent crude oil prices. The normalization of stock market sentiment indicators and recent economic data suggest potential for continued growth. The S&P 500 and Invesco QQQ Trust have shown gains, reflecting investor optimism.

Portfolio Pulse from Piero Cingari

May 06, 2024 | 1:43 pm

EYPT

EyePoint Pharmaceuticals' shares were halted due to a circuit breaker triggered by a significant drop, with the stock currently down by 40.9%.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:41 pm