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GME

GameStop Corp (NYSE:GME) shares are trading higher after a SEC filing showed that executive chairman Ryan Cohen increased his stake in the company. Cohen bought 443,842 shares at an average price of $22.53 per share on June 9, and now RC Ventures owns a 12.1% stake in GameStop.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 1:00 pm

SPIKE

UVXY

The Volatility S&P 500 Index (VIX) surged over 8% on Monday ahead of the Federal Reserve's interest rate decision on June 14. The move is tracked by the ProShares Ultra VIX Short Term Futures ETF (UVXY) and other tickers. Traders can use MIAX's SPIKES Volatility products to play potential volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

June 13, 2023 | 12:58 pm

MANU

Manchester United Ltd (NYSE:MANU) shares are rising following reports that Qatari investors have succeeded in their bid to acquire the company. The investors reportedly submitted a final takeover offer of more than $6 billion last week.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 12:57 pm

THS

TreeHouse Foods Inc (NYSE: THS) reiterated its Q2 outlook and provided an update on 2023 guidance ahead of its investor day. The company raised its adjusted EBITDA outlook for 2023 and reaffirmed guidance for Q2 2023. THS expects to achieve cost savings of over $250 million from 2024 to 2027, led by investments related to supply chain optimization.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 12:52 pm

GME

GameStop shares are trading higher after Ryan Cohen bought 443,842 shares at an average price of $22.53 per share and RC Ventures LLC increased its stake in the company to 12.1%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:51 pm

MPAA

Motorcar Parts of America (NASDAQ:MPAA) reported Q4 earnings with an EPS of $0.07, missing estimates by 83.33%. Revenue was up $30.81 million YoY. Last quarter, the company also missed EPS estimates, resulting in a 1.97% share price drop the next day.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 12:50 pm

GLD

SPY

UUP

May's inflation rate dipped to 4% YoY, lower than the expected 4.1%, raising hopes for a pause in Fed rate hikes. The dollar fell, while S&P 500 futures and gold prices rose following the news.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 12:50 pm

ABBV

AVGO

DE

CNBC's 'Halftime Report Final Trades' highlighted AbbVie, Deere & Company, and Broadcom as potential winners. AbbVie reported VRAYLAR reimbursement under the NIHB Program, Deere may return to over $400 level, and Broadcom is expected to benefit from AI advancements. EU Antitrust Regulators are set to approve Broadcom's acquisition of VMware.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:48 pm

FWBI

MANU

OLB

On June 13th, high-impact movers include MANU with a 30% increase due to a rumored successful bid by Qataris to purchase Manchester United, FWBI with a 134% increase after reaching enrollment target for Phase 2 clinical trial in cystic fibrosis, and OLB with a 112% increase ahead of their presentation at the Emerging Growth Conference on June 14.

Portfolio Pulse from ryanfaloona@benzinga.com

June 13, 2023 | 12:47 pm

NEOV

Solar battery manufacturer NeoVolta (NASDAQ:NEOV) is set to join the Russell Microcap Index on June 26, 2023. The inclusion highlights the company's growth in the solar energy storage industry and enhances its presence within the broader energy landscape.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:46 pm