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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

AAPL

META

Apple Inc (NASDAQ:AAPL) reported its fiscal Q2 results with a slight revenue increase over Wall Street expectations but saw a drop in overall revenue and iPhone sales. The company announced a $110 billion share buyback, its largest ever, representing a 22% increase YoY. Revenue fell 4% YoY to $90.75 billion, with iPhone sales down 10% YoY. However, services revenue was a highlight, growing 14.2% YoY to $23.9 billion. Apple did not provide official guidance but expects low single-digit sales growth in the June quarter. The company remains secretive about its AI plans, with more details expected at its June developer event.

Portfolio Pulse from Upwallstreet

May 06, 2024 | 1:41 pm

CLSK

MARA

RIOT

Bitcoin mining stocks, including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK), are experiencing gains amid a rise in Bitcoin's price. This surge is attributed to the approval of several spot Bitcoin ETFs and the recent Bitcoin halving event, which reduced mining rewards. The stocks' movement reflects broader trends in the crypto market, with Bitcoin ETFs seeing net inflows and Bitcoin's price increasing.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:36 pm

PARA

SONY

Sony Pictures Entertainment and Apollo are in talks to acquire Paramount for around $26 billion, after Paramount's exclusive negotiations with Skydance lapsed. The deal faces regulatory hurdles, especially concerning foreign ownership of CBS by Sony's Japan-based parent company. The strategy may involve Apollo holding the CBS broadcast license. The deal, supported by many shareholders as an alternative to a merger with Skydance, would make Sony a controlling shareholder with Apollo owning a minority stake. Paramount is also exploring other options, including a streaming joint venture with potential partners like Comcast.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:33 pm

WWW

Seaport Global analyst Mitch Kummetz upgrades Wolverine World Wide (NYSE:WWW) from Neutral to Buy and sets a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:31 pm

MODV

ModivCare shares experienced an increase in trading value following an upgrade from Hold to Buy by Lake Street.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:31 pm

TSN

Tyson Foods Inc (NYSE:TSN) reported mixed Q2 FY24 results with a slight sales decline of 0.46% year-on-year to $13.072 billion, missing analyst estimates. However, gross profit surged 64.3% to $866 million, and adjusted EPS of $0.62 beat the consensus estimate of $0.39. The company saw varied performance across its segments, with Beef and Pork volumes up, but Chicken down. Tyson raised its FY24 adjusted operating income outlook and expects flat sales compared to FY23. TSN shares rose 1.74% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 1:30 pm

SCNI

Scinai Immunotherapeutics has received a notification from Nasdaq regarding its impending delisting. The company has announced its intention to appeal the decision. This development follows issues that have not been specified in the provided information but typically relate to non-compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:28 pm

VVPR

VivoPower's Executive Chairman and CEO has filed a Form 4, indicating an increase in shareholding to 13.5%. This move demonstrates a significant vote of confidence in the company's future prospects by its leadership.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:27 pm

SGBX

Safe & Green Holdings Corp (NASDAQ:SGBX) shares fell 25% to $4.15 after announcing a $4 million private placement priced at-the-market. The deal includes 1,379,310 shares of common stock and warrants for up to 2,758,620 shares at $2.90 per share, with warrants exercisable at $2.65. The offering, closing around May 7, aims to raise funds for general corporate purposes and potentially repaying debt.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 1:26 pm