Streetbeat News

Stock Prices

PLMR

Palomar Holdings announced the successful completion of its June 1st reinsurance renewal and raised its FY23 adjusted net income guidance, leading to higher trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 3:40 pm

HOV

Hovnanian Enterprises reported a year-over-year decrease in Q2 EPS results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 3:39 pm

AMBA

Semiconductor and chip stocks are trading lower due to a pullback in the sector following recent AI-driven momentum and weak guidance from Ambarella.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 3:35 pm

LYV

The New York City townhouse that inspired Taylor Swift's song 'Cornelia Street' is up for sale at $17.995 million or for rent at $45,000 per month. The property is owned by an Italian investor who believes the market is hot for townhouses. Live Nation Entertainment (NYSE:LYV) experienced a share drop after outages and upset fans during the sale of Swift's concert tickets.

Portfolio Pulse from Chris Katje

May 31, 2023 | 3:33 pm

SHOP

A whale has taken a bearish stance on Shopify (NYSE:SHOP) with 60% of detected unusual options activity being bearish. The total trade price for 5 puts is $332,191, while 5 calls amount to $6,893,094. Whales have targeted a price range of $48.0 to $200.0 for Shopify over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 3:31 pm

GM

A large bearish position on General Motors (NYSE:GM) has been spotted on Benzinga's options scanner, with 12 uncommon options trades identified. The sentiment of these big-money traders is split between 41% bullish and 58% bearish, targeting a price range of $30 to $45 for GM over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 3:31 pm

BUD

CLBR

TGT

Colombier Acquisition Corp., a SPAC, has agreed to merge with PublicSq, an online marketplace for companies in the 'patriot economy.' The deal comes as anti-LGBTQ activists have impacted stock prices for companies like Anheuser-Busch InBev and Target. PublicSq claims a 30% month-over-month user growth rate and a 19% month-over-month business growth rate.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 3:29 pm

CAE

CAE shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 3:26 pm

TLRY

Tilray Brands Inc (TLRY) shares are down 6.28% to $1.72 after the company announced pricing of a $150 million registered offering of unsecured convertible senior notes. The completion of the offering is subject to market conditions, and the net proceeds will be used to repurchase outstanding Convertible Senior Notes and for general corporate purposes.

Portfolio Pulse from Henry Khederian

May 31, 2023 | 3:26 pm

CGNX

American hedge-fund manager James Altucher has recommended Cognex (CGNX) stock, leading to increased attention from traders.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 3:25 pm