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UCAR

U Power Limited (NASDAQ:UCAR) shares are experiencing a premarket increase after announcing a memorandum of understanding with Durapower Holdings to explore battery swapping technology for various vehicles. This news comes amidst a challenging period for U Power, which saw its shares decline by 45% over the last month and received a delisting notice from Nasdaq for failing to meet the minimum bid price requirement. The company plans to appeal the delisting determination.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 2:17 pm

UNH

UnitedHealth Group (NYSE:UNH) reported a cybersecurity threat from a suspected nation-state actor on Change Healthcare systems, which it owns. The company is working to restore the impacted systems but cannot estimate the disruption's duration. UnitedHealth believes this will not materially impact its financial condition or operations. The company's stock is down 0.47% in premarket trading.

Portfolio Pulse from Vandana Singh

February 23, 2024 | 2:15 pm

AMD

CVNA

INTC

LUNR

NVDA

SMCI

SQ

TSLA

ZM

The top 10 trending stocks on WallStreetBets as of February 23, 2024, include NVDA, SMCI, LUNR, AIT, SLA, CVNA, SQ, ZM, AMD, and INTC, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:13 pm

PHUN

Phunware Inc (NASDAQ:PHUN) shares dropped 33.3% to $0.17 after announcing a 1-for-50 reverse stock split effective February 26, aimed at increasing the market price per share to meet Nasdaq listing requirements. The split will consolidate every 50 shares into one, maintaining the stock's value and shareholders' interests, with post-split shares totaling approximately 8 million. The company's 52-week trading range is between $0.07 and $1.02.

Portfolio Pulse from Henry Khederian

February 23, 2024 | 2:12 pm

PHUN

Phunware announced a 1-for-50 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:12 pm

AMC

Wedbush analyst Alicia Reese reiterated a Neutral rating on AMC Entertainment Holdings (NYSE:AMC) and maintained a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:11 pm

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q4 fiscal 2023 revenue decline of 7% year-on-year to $10.28 billion, missing the consensus of $10.37 billion. The EPS loss of $(0.16) also missed the consensus loss of $(0.06). The company experienced declines in studios, networks, and advertising revenues, but saw a slight increase in DTC revenues. Total DTC subscribers decreased, while global DTC ARPU increased. WBD generated $3.58 billion in operating cash flow and held $3.78 billion in cash and equivalents, with a net loss of $(400) million. CEO David Zaslav expressed confidence in the company's 2024 plan, including international expansion and a robust creative pipeline. WBD shares traded lower by 8.79% at $8.72 premarket.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 2:09 pm

OMAB

Central North Airport Gr (OMAB) reported its Q4 GAAP earnings per share (EPS) at $1.53, with a total passenger traffic of 6.8 million, marking a 5.2% increase year over year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:07 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are rising in premarket trading after expanding its partnership with Uline to deploy hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. This includes the installation of a large hydrogen storage tank, 17 hydrogen dispensers, and the addition of 250 fuel cell forklifts. The partnership, which began in 2015, has grown significantly, with Uline now set to deploy a total of 520 fuel cells across ten facilities. Additionally, Plug Power recently secured a contract to provide similar solutions to a major U.S. automaker for its electric vehicle and battery manufacturing campus.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 2:06 pm

GBNH

Greenbrook TMS Inc. (NASDAQ:GBNH) announced it received a final delisting notice from Nasdaq due to failure to meet minimum bid price and stockholders' equity requirements. Trading of its common shares will be suspended on February 26, 2024, and the company plans to quote its shares on OTC Markets thereafter. Nasdaq will file a Form 25-NSE with the SEC to remove the company's shares from listing and registration.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:03 pm