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CVNA

ROOT

Root Inc (NASDAQ:ROOT) shares are trading higher following reports of a takeover bid by Embedded Insurance at $19.34 per share, a significant premium to recent share prices. Root is a car insurance firm backed by Carvana Co (NYSE:CVNA).

Portfolio Pulse from Adam Eckert

June 22, 2023 | 12:25 pm

DRI

Darden Restaurants reported mixed Q4 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 12:23 pm

QUBT

Quantum Computing Inc. (QCi) has appointed Chris Boehmler as its new CFO, succeeding Chris Roberts. Boehmler brings over 20 years of financial expertise and will be responsible for managing the company's financial operations, strategy, and planning as QCi enters material commercialization.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:22 pm

ACN

Accenture reported Q3 financial results and lowered its FY23 revenue growth guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 12:21 pm

MG

Mistras Group (MG) is set to join the Russell 3000 Index on June 26, 2023, which could lead to increased visibility and potential investment.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 12:20 pm

HES

Hess Corporation expects its cash flow to increase by 25% per year for the next five years, assuming an oil price of $75 per barrel, according to Reuters.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:18 pm

BABA

Following Alibaba's management reshuffle, President Chen Long emphasized the importance of small businesses and merchants as the backbone of the platform amid China's economic slowdown. Daniel Zhang Yong will step down as Chair and CEO in September, with Joe Tsai and Eddie Wu Yongming taking over the positions.

Portfolio Pulse from Anusuya Lahiri

June 22, 2023 | 12:18 pm

NKE

Wedbush analyst Tom Nikic maintains an Outperform rating on Nike (NYSE:NKE) but lowers the price target from $139 to $129.

Portfolio Pulse from richadhand@benzinga.com

June 22, 2023 | 12:18 pm

LUCY

Innovative Eyewear has priced its 4.5 million unit offering at $1.05 per unit.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:16 pm

KTOS

Kratos Defense & Security Solutions (NASDAQ:KTOS) has expanded its Space Domain Awareness (SDA) network locations into India, increasing its global satellite tracking coverage by over 30%. The SDA network monitors space-based radio frequency signals to gather critical information about satellites in orbit.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:16 pm