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ALLR

Allarity Therapeutics, Inc. (NASDAQ:ALLR) has announced a 1-for-40 reverse stock split of its common stock, effective from June 28, 2023. The move is intended to increase the company's per share trading price and bring it into compliance with Nasdaq's listing requirement regarding minimum share price. The reverse stock split will reduce the number of shares of Allarity's common stock outstanding from 20,142,633 shares to approximately 503,565 shares.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:57 pm

WY

Weyerhaeuser's stock is trading higher following Truist Securities' decision to maintain a Hold rating on the stock and increase the price target from $34 to $35.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:50 pm

JD

Shares of JD.Com Inc (NASDAQ:JD) are trading lower by 3.59% due to a drop in China's industrial profit in May. China's industrial firms saw an 18.8% slump in profits in the first five months, adding to the previous contraction of 20.6% from January to April. May's data showed a 12.6% decline in industrial earnings compared to the previous year. JD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:49 pm

KLR

Tata Communications Limited has announced its intention to acquire Kaleyra, Inc. (NYSE:KLR) for $7.25 per share, a total consideration of approximately $100 million, including the assumption of all outstanding debt. This represents a significant premium to Kaleyra's last closing share price. Following the announcement, Kaleyra's shares traded nearly 40% higher.

Portfolio Pulse from Erica Kollmann

June 28, 2023 | 3:49 pm

JNJ

A significant bullish stance on Johnson & Johnson (NYSE:JNJ) has been observed, with 35 uncommon options trades spotted. The sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $145.0 to $165.0 for Johnson & Johnson over the last 3 months. Citigroup has downgraded its action to Buy with a price target of $185, while Mizuho maintains their Buy rating with a price target of $40.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:48 pm

GM

A significant amount of unusual options activity has been detected for General Motors (NYSE:GM), with a majority of investors taking a bullish stance. Of the 12 strange trades detected, 66% were bullish and 33% were bearish. The total amount for puts was $254,382 and for calls was $465,741. Whales have been targeting a price range from $30.0 to $45.0 for GM over the last 3 months. The current price of GM is up 0.85% at $37.8.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:48 pm

PDD

PDD Holdings Inc's shares are trading lower by 2.87% due to a drop in China's industrial profit in May. The industrial firms in China have seen a continued decline in annual profits, with a 18.8% slump in the first five months. PDD has a 52-week high of $106.38 and a 52-week low of $38.80.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:48 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading lower by 2.01% due to a drop in China's industrial profit in May. The industrial firms in China have seen a continued decline in annual profits, with a 18.8% slump in the first five months. BIDU has a 52-week high of $160.88 and a 52-week low of $73.58.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:47 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) plans to incorporate the North America Charging Standard (NACS) and Combined Charging System (CCS) into its charging products line. The company will start producing NACS DCFC chargers by October 2023 and will also include NACS in its Level 2 chargers, which account for about 90% of EV charging use in the U.S. The company's shares are trading higher by 2.9% at $5.51.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 3:45 pm

CCL

Carnival Corp's shares are trading higher following its recent earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. It also reported quarterly sales of $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. This marks a significant 104.54% increase over sales of $2.40 billion in the same period last year. The company projects its adjusted FY23 EBITDA to be between $4.10 billion and $4.25 billion.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:41 pm