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TSLA

Tesla's Model Y has been included in the Chinese government's purchase list for the first time, marking a significant milestone for the company. This inclusion could boost Tesla's sales in China, especially given the Model Y's popularity. Tesla's stock recently saw a 6.5% increase.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 3:01 pm

BNGO

Bionano Genomics has entered into agreements with institutional investors for a $30 million registered direct offering. The company will sell 17,513,136 shares at $0.571 per share.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

CNP

CenterPoint Energy's (NYSE:CNP) short interest has risen by 29.59%, with 16.54 million shares sold short, representing 3.46% of its float. This is higher than the peer group average of 3.15%. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover their positions.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:01 pm

PHIO

Phio Pharmaceuticals has terminated its share purchase agreement with Triton Funds, which would have allowed Triton to purchase up to 18.8% of Phio's common stock.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

MDWD

SOLV

MediWound (MDWD) is reportedly being eyed by Solventum for a potential acquisition at $34 per share. This news has sparked interest among traders.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

FUBO

In the last three months, 5 analysts have published ratings on FuboTV (NYSE:FUBO), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $3.58, a 5.29% decrease from the previous $3.78. Analysts have maintained or lowered their ratings, with price targets ranging from $2.00 to $5.00. FuboTV has shown a 24.04% revenue growth rate but faces challenges with negative net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:01 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) stock is volatile in premarket trading after announcing a deal to acquire critical assets for its content distribution network. The deal involves issuing 5.1 million shares and $17.5 million over three years, with a standby equity purchase agreement allowing up to $2.5 billion in shares issuance. The new network will stream via Truth Social and standalone apps, offering various content. DJT shares were down 0.64% to $30.90 premarket.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 3:01 pm

GLNG

M

MICS

Market-Moving News for July 5th includes significant developments for Golar LNG, Macy's, and The Singing Machine Company. Golar LNG has entered into a 20-year agreement with Pan American Energy for a floating LNG vessel in Argentina. Macy's shares are up after Arkhouse and Brigade raised their offer to $24.80 per share. The Singing Machine Company completed the acquisition of SemiCab and entered into an option agreement to acquire SMCB Solutions Private Limited.

Portfolio Pulse from ryanfaloona@benzinga.com

July 05, 2024 | 3:01 pm

CTRN

RMAX

TLYS

Insiders have recently purchased shares in Citi Trends, RE/MAX Holdings, and Tilly's, indicating confidence in these companies. Notable purchases include 116,675 shares of Tilly's, 26,522 shares of RE/MAX Holdings, and 24,000 shares of Citi Trends.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

KOSS

Koss shares are trading higher, possibly due to continued retail investor interest.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm