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C

Citigroup has disbanded its CitiFX global FX strategy team, which provided commentary and analysis on foreign exchange markets. The bank has also disbanded its Latin America corporate bond trading team. Last month, Citigroup announced plans for an IPO of its consumer, small business, and middle-market banking operations in Mexico.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 5:41 pm

PARA

Paramount Global is in the process of selling publisher Simon & Schuster and expects to close the deal this year. The company is also considering selling a majority stake in BET and has been divesting real estate assets. Despite a slumping stock, Paramount is investing in streaming and expects a shift to profit and free cash flow in 2024.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:40 pm

FRZA

Forza X1 shares were halted on a circuit breaker to the upside, with the stock now up 14.7%.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:37 pm

BILI

DISH

GOOG

GOOGL

LSXMA

LSXMK

META

NFLX

TMUS

WBD

Benzinga's options activity scanner has detected whale alerts in the Communication Services sector, with unusual options activity in stocks such as GOOG, DISH, META, WBD, LSXMA, BILI, NFLX, LSXMK, GOOGL, and TMUS.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:36 pm

ABNB

CVNA

DHI

EXPE

GM

PVH

TSLA

VFC

W

WYNN

Benzinga's options activity scanner has detected whale alerts in 10 consumer discretionary stocks, including TSLA, CVNA, VFC, GM, ABNB, WYNN, DHI, W, EXPE, and PVH. These alerts can help traders discover potential big trading opportunities.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:36 pm

AAPL

AKTS

AMD

CRM

ENPH

INTC

NVDA

PLTR

SMTC

TSM

Benzinga's options activity scanner has detected whale alerts in the Information Technology sector, with unusual options activity in AAPL, INTC, NVDA, PLTR, AKTS, ENPH, TSM, AMD, SMTC, and CRM.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:36 pm

BG

GLNCY

Bunge Ltd (NYSE: BG) is close to a merger deal with Glencore PLC's (OTC: GLNCY) Viterra grains division, creating an agricultural trading company worth over $30 billion. The deal is expected to be disclosed next week, with final value dependent on Bunge's share movement.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 5:35 pm

DASH

LYFT

UBER

Wells Fargo has assigned an Overweight rating to Uber Technologies (NYSE:UBER) and Equalweight ratings to Lyft (NASDAQ:LYFT) and Doordash (NYSE:DASH). The bank predicts increasing stabilization in the rideshare/delivery subsector in 2023/24 and is bullish on UBER, setting a price target of $50.

Portfolio Pulse from Piero Cingari

June 08, 2023 | 5:35 pm

ACRX

COEP

CVRX

ELOX

FWBI

GTBP

KZR

LNSR

NAVB

PRPO

PTE

THMO

During Thursday's intraday session, several health care stocks experienced significant price movements. Gainers included ThermoGenesis Holdings, GT Biopharma, AcelRx Pharmaceuticals, CVRx, Navidea Biopharmaceutical, and LENSAR. Losers included Precipio, First Wave BioPharma, Kezar Life Sciences, Eloxx Pharmaceuticals, Coeptis Therapeutics, and PolarityTE.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:32 pm

APRN

Blue Apron Holdings' shares are trading lower due to continued downward momentum after the company announced a 1-for-12 reverse stock split on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:31 pm