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Stock Prices

AMCX

FYBR

IQ

SE

VOD

The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. Vodafone Group (VOD), AMC Networks (AMCX), Frontier Communications (FYBR), iQIYI (IQ), and Sea Limited (SE) are major oversold players with RSI values near or below 30.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 11:41 am

ATVI

MSFT

SONY

TCEHY

Sony plans to explore streaming game options and leverage its AI agent GT Sophy to enhance cloud gaming, but CEO Kenichiro Yoshida warns of latency and costly inefficiencies. Microsoft's $75 billion Activision Blizzard takeover deal has intensified the competition between the two companies.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:33 am

CIR

KKR

CIRCOR International (CIR) has agreed to be acquired by investment funds managed by KKR & Co (KKR) in an all-cash transaction valued at $1.6 billion, including debt. KKR will acquire all outstanding shares of CIRCOR for $49 per share, a 55% premium to its closing stock price on June 2, 2023. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

June 05, 2023 | 11:33 am

BLPH

Bellerophon Therapeutics' shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:32 am

BA

EADSY

Airbus is reportedly in talks with India's largest carrier, IndiGo, for a potentially record-breaking order of 500 A320-family jets. Airbus and Boeing are also competing to sell 25 A330neo or Boeing 787 wide-body jets to IndiGo. Latvian airline airBaltic is negotiating with Airbus for 30 more A220 passenger jets.

Portfolio Pulse from Akanksha Bakshi

June 05, 2023 | 11:25 am

PIII

SBIG

VWE

Insiders at P3 Health Partners (PIII), SpringBig Holdings (SBIG), and Vintage Wine Estates (VWE) have been aggressively buying shares, indicating confidence in the companies' prospects. P3 Health Partners and Vintage Wine Estates posted better-than-expected quarterly results, while SpringBig Holdings priced a $4 million offering.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 11:22 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a 142% increase in made-in-China vehicle sales in May, selling 77,695 vehicles. This marks a 2.4% increase from April and a 141.6% jump from May 2022.

Portfolio Pulse from Anan Ashraf

June 05, 2023 | 11:18 am

HSC

Harsco Corporation has changed its legal name to Enviri Corporation, effective immediately. The company will begin trading under the new symbol 'NVRI' on June 19, 2023. Harsco Environmental, Clean Earth, and Harsco Rail will continue to operate as divisions of Enviri.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:15 am

BLPH

Bellerophon Therapeutics' shares are set to resume trading at 7:30 AM ET.

Portfolio Pulse from Charles Gross

June 05, 2023 | 11:13 am

AVTA

Engine Capital has sent a letter to the board of Avantax, urging them to explore strategic alternatives, including a potential sale of the company. The sale could fetch between $27 and $32 per share, representing a 34% premium for stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:10 am