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BTAI

Shares of BioXcel Therapeutics have been halted on a circuit breaker to the downside, with the stock now down by 44.6%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:37 pm

WMT

As Walmart Inc. (NYSE:WMT) approaches its earnings date, the market sentiment appears positive, with investors seemingly going long on out-of-the-money calls. The company's performance has been good, especially in recent weeks amid pressure on SPX and QQQ. Walmart's inverse relationship to the SPX Index and correlation with the 30 Years Treasury yield are also noted. The company's competitive pricing strategy, which attracts a large portion of the population looking for bargains, is highlighted.

Portfolio Pulse from Menthor Q Research

August 14, 2023 | 1:35 pm

AMC

APE

AMC Entertainment Holdings Inc's shares are trading lower after the company received court approval for its revised stock conversion plan. The plan allows for the conversion of AMC Preferred Equity Units (APE) into common shares and includes a one-for-ten reverse stock split. The court-approved settlement could be valued at up to $120 million. AMC CEO Adam Aron stated that the proposal is the right path for AMC, allowing the company to shore up cash reserves, pay down debt, invest in growth initiatives, and pursue merger and acquisition opportunities.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:34 pm

XOS

DA Davidson analyst Michael Shlisky has downgraded Xos (NASDAQ:XOS) from Buy to Neutral and lowered the price target from $1.5 to $1.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 1:33 pm

NGMS

Jefferies analyst Cassandra Lee has downgraded NeoGames (NASDAQ:NGMS) from Buy to Hold and set a price target of $29.5.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 1:32 pm

AMC

AMC Entertainment's shares are trading lower following court approval for its revised stock conversion plan.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:30 pm

BA

EADSY

Boeing Co is reportedly leading in negotiations with Indian carrier IndiGo for an order of approximately 25 wide-body aircraft. IndiGo is considering Boeing's 787 family of twin-aisle aircraft, which is competing against Airbus SE's A330neo jets. The decision has not been finalized yet. Recently, IndiGo placed an order for 500 Airbus narrow-body jets.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 1:30 pm

NKLA

Nikola Corp (NASDAQ:NKLA) has announced a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles due to a potential safety issue. The company is temporarily halting new BEV sales until a resolution is found. The recall follows a fire incident at Nikola's headquarters last month, which was likely caused by a coolant leak inside a single battery pack. Nikola's shares were down 16.4% following the announcement.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:29 pm

NKLA

Nikola Corporation has announced a voluntary recall of over 200 vehicles, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:29 pm

CLF

X

Cleveland-Cliffs Inc (CLF) has made a public offer to acquire United States Steel Corp (X) for $35 per share, which was rejected by U.S. Steel as 'unreasonable'. U.S. Steel is exploring strategic alternatives after receiving multiple unsolicited proposals. The company's shares were up 27.8% at $29.04 after the news.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:27 pm