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SONY

WBD

NetherRealm Studios, a subsidiary of Warner Bros Discovery Inc (NASDAQ:WBD), has disbanded its mobile team and announced the shutdown of Mortal Kombat: Onslaught. This move is part of a broader trend of layoffs in the gaming industry, with companies like Microsoft Corp. (NASDAQ:MSFT) and Sony Group Corp. (NYSE:SONY) also reducing their workforce.

Portfolio Pulse from Franca Quarneti

July 19, 2024 | 8:17 pm

PCOR

Procore Technologies (NYSE:PCOR) has seen a 30.04% increase in its short percent of float, now at 14.33%. This indicates a bearish sentiment among investors, as it would take 5.13 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 6.62%.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 8:15 pm

NCSM

NCS Multistage Holdings Inc has filed for a stock shelf offering of up to $200 million. Additionally, selling stockholders may offer up to 1.7 million shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:11 pm

PLTR

WBD

J.D. Vance, a political outsider and former Marine, has been appointed as Donald Trump's running mate. Vance, who has strong ties to Silicon Valley billionaire Peter Thiel, is a best-selling author, Bitcoin enthusiast, and venture capitalist. Both Vance and Thiel are fans of J.R.R. Tolkien's 'The Lord of the Rings,' which has influenced their business ventures. Thiel's companies, including Palantir Technologies Inc (NYSE: PLTR) and Anduril Industries, are named after Tolkien's creations. Warner Bros Discovery Inc (NASDAQ: WBD) also has a connection through the film adaptations of Tolkien's works.

Portfolio Pulse from Natan Ponieman

July 19, 2024 | 8:11 pm

BCLI

BrainStorm Cell Therapeutics announced that on July 18, it received a Minimum Value of Listed Securities (MVLS) deficiency notice from the Nasdaq Listing Qualifications Department staff.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:11 pm

TLT

Bank of America's chief market strategist, Michael Hartnett, is bullish on bonds, particularly Treasuries, as a safeguard against equity volatility and potential economic downturns. He advises selling stocks after the first Fed rate cut and highlights the potential deflationary impact of new tariffs. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) showed low volatility despite market uncertainties.

Portfolio Pulse from Piero Cingari

July 19, 2024 | 8:10 pm

VIOT

Viomi Technology shares are trading higher after the company entered an agreement to divest businesses and assets involving certain 'IoT@Home' portfolio products for a total consideration of RMB65 million in cash.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:08 pm

META

Meta Platforms, Inc. has announced a change in the ratio of its American Depositary Shares (ADS). The new ratio will be 1 ADS representing 10 Class A shares, instead of the previous 1 ADS representing 2 Class A shares.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:07 pm

SBUX

Starbucks shares are trading higher following a report that Elliott Investment Management has taken a significant stake in the company. Elliott is pushing for changes to address challenges such as increased competition in China, slowing U.S. growth, and operational issues. Starbucks recently reported weaker-than-expected quarterly sales and profit, with upcoming earnings expected to show an EPS of 94 cents and revenue of $9.24 billion.

Portfolio Pulse from Vaishali Prayag

July 19, 2024 | 8:02 pm

KO

Recent options trading trends indicate a bearish sentiment among high-value investors for Coca-Cola (NYSE:KO). Benzinga's options scanner identified 8 uncommon trades, with 62% being bearish. The projected price range for KO is between $60.0 and $66.0 over the next three months. Current trading volume is 9,366,215, with the stock price at $65.19. Analysts have mixed ratings, with an average target price of $71.33.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 8:01 pm