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WTT

Wireless Telecom Group Inc (WTT) has agreed to be acquired by Maury Microwave, Inc. for an estimated price of $2.13 per share, a 34% premium to WTT's closing price as of May 24. The transaction is expected to close in Q3 2023. Post acquisition, CEO Tim Whelan will step aside and the company will be managed by its remaining leadership team.

Portfolio Pulse from Lekha Gupta

May 25, 2023 | 4:40 pm

SPCE

Virgin Galactic announced a successful touchdown of VSS Unity at Spaceport America, New Mexico, marking a milestone in their space tourism efforts.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 4:39 pm

AMWD

American Woodmark Corporation reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:39 pm

GES

Guess? reported better-than-expected Q1 financial results and issued positive Q2 and FY24 EPS guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:38 pm

MOD

Modine Manufacturing Company reported better-than-expected Q4 financial results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:38 pm

REX

Rex American Resources reported better-than-expected Q1 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:37 pm

ZUO

Zuora reported a YoY increase in Q1 EPS and better-than-expected Q1 revenue results, leading to a rise in its share price. The company also issued Q2 and FY24 EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:37 pm

UUP

The personal consumption expenditure (PCE) price index, the Federal Reserve's favored gauge of inflation, will be announced on Friday, May 26. Economists estimate that the headline PCE will edge up to 4.3% YoY in April, up from 4.2% in March. Investors' expectations for Fed rate rises have risen lately, with the market expecting a rate rise at the June meeting with a likelihood of little less than 40%, which increases to 66% for the July meeting.

Portfolio Pulse from Piero Cingari

May 25, 2023 | 4:34 pm

NEM

A whale has taken a bullish stance on Newmont (NYSE:NEM) with unusual options activity. 50% of investors opened trades with bullish expectations and 50% with bearish. 3 puts amount to $270,706 and 7 calls amount to $534,562. Whales have been targeting a price range of $40 to $80 for Newmont over the last 3 months. BMO Capital maintains an Outperform rating with a price target of $65.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 4:33 pm

AEM

Unusual options activity has been observed for Agnico Eagle Mines (NYSE:AEM) with a bearish stance. Benzinga's options scanner spotted 10 options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $45.0 to $60.0 for AEM over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 4:32 pm