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BNED

Barnes & Noble Education (BNED) shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:01 pm

ITCI

Intra-Cellular Therapies (NASDAQ: ITCI) has received varied analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased to $91.57, reflecting a positive outlook. The company has shown significant revenue growth but faces challenges in profitability and return metrics.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm

PSTG

Pure Storage (NYSE:PSTG) has received mixed ratings from 24 analysts over the past three months, with a notable increase in bullish sentiment. The average 12-month price target has risen to $69.75, up 19.66% from the previous $58.29. Analysts have frequently updated their recommendations, reflecting evolving market conditions and company performance. Despite some financial challenges, such as a -12.2% revenue decline and below-average ROE and ROA, Pure Storage maintains a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm

BTCUSD

GME

SPY

The latest CPI data came in cooler than expected, which may influence the Federal Reserve's upcoming report. Former President Trump has called for increased Bitcoin mining in the United States. Citron Research announced it is no longer shorting GameStop.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:00 pm

INTC

MSFT

QCOM

MediaTek is developing an Arm-based chip for Microsoft's AI laptops, potentially challenging Intel's dominance in the PC market. The chip is expected to launch next year, following the expiration of Qualcomm's exclusive deal to supply chips for laptops.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 2:00 pm

MANH

Manhattan Associates (NYSE:MANH) has seen a 16.11% increase in its short percent of float, now at 2.45%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.83%.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:00 pm

HE

Hawaiian Electric Industries (NYSE:HE) has seen a 3.57% increase in short interest, with 23.64 million shares sold short, representing 21.49% of its float. This is significantly higher than its peers' average short interest of 4.62%. It would take traders 14.45 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:00 pm

VRA

Vera Bradley Inc (NASDAQ:VRA) shares are plunging due to worse-than-expected Q1 FY25 earnings. The company reported a 14.6% decline in sales, a widened EPS loss, and a contraction in gross margin. Despite a challenging environment, the company reconfirmed its FY25 outlook.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 2:00 pm

BTCUSD

Prominent cryptocurrency trader Mercury has expressed concerns about Bitcoin's recent price movements, warning of a potential dip to $61,000 if key moving averages are lost. He emphasized the importance of defending the weekly market structure to avoid a significant bearish trend.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 1:57 pm

BNED

Barnes & Noble Education shares were halted on a circuit breaker due to a rapid price movement. Despite the halt, the stock is currently down by 8.70%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:56 pm