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DTSS

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NA

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During Thursday's intraday session, several IT stocks experienced significant price movements. Gainers included Airspan Networks, Rigetti Computing, Rubicon Technologies, Nano Labs, CalAmp, and Datasea. Losers were HashiCorp, Smartsheet, SecureWorks, Soluna Holdings, WeTrade Group, and Tuya.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:31 pm

RCEL

Avita Medical announced FDA approval of RECELL for the treatment of full-thickness skin defects, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:31 pm

CP

Canadian Pacific Kansas (NYSE:CP) has outperformed the market over the past 10 years, producing an average annual return of 12.23%. A $1000 investment in CP 10 years ago would be worth $3,156.59 today.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:30 pm

CNC

Centene (NYSE:CNC) has outperformed the market over the past 15 years, producing an average annual return of 19.15% and a market capitalization of $37.03 billion. An investment of $1000 in CNC stock 15 years ago would be worth $14,028.07 today.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:30 pm

SMAR

Smartsheet (NYSE: SMAR) reported better than expected 1Q FY24 results, with a solid free cash flow of $31.3 million. However, concerns over macro pressures and lengthening deal cycles have led to unchanged FY24 revenue and billing guidance. Analysts from Oppenheimer and Needham reiterated their positive ratings on the stock with price targets of $55 and $57, respectively.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 5:21 pm

HCP

SIVBQ

Analysts from Oppenheimer and Needham maintain positive outlooks on HashiCorp (NASDAQ:HCP) despite weak guidance and an 8% workforce reduction. Oppenheimer reiterates an Outperform rating with a $42 price target, while Needham maintains a Buy rating and lowers the price target from $39 to $34.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 5:16 pm

SPY

President Biden stated that the U.S. economic recovery has been the strongest of any major economy, and as supply chains continue to improve, company profit margins are expected to fall from historically high levels. This, along with moderating rents, should lead to further declines in inflation.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:13 pm

CVNA

Carvana (CVNA) sees a sweep of 100 Aug 18 $35 calls near the ask price at $2.91, with earnings expected on 8/3 after market close. The stock is currently trading at $22.341.

Portfolio Pulse from Charles Gross

June 08, 2023 | 5:12 pm

OXM

Oxford Industries shares fell 9.1% after reporting strong Q1 results but weak Q2 forecasts. Other stocks with significant movements include BAOS, MIMO, MGRX, ACON, CVNA, ADD, SNTG, SEV, CRGO, RBT, REVG, PRSO, MDGS, DBI, EXPI, FDMT, RCEL, EVO, IGT, WHD, PRPO, FLGC, HCP, SMAR, GME, APRN, HYZN, RENT, PUYI, SMX, CNVS, PTE, SCWX, FFIE, SLDP, SIG, HSDT, RNAZ, QS, and ZUMZ.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 5:06 pm

DLO

DLocal shares are trading higher following the appointment of Sergio Fogel as Co-President and Chief Strategy Officer, and the completion of share purchases by key shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:05 pm