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PENN

Penn shares are trading higher amid strength in sports betting stocks. Optimism is driven by the expectation that New Jersey will not introduce taxes on sports betting in its 2025 budget and the U.S. Supreme Court's decision to deny hearing the Florida sports betting case, potentially accelerating other state launches.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:23 pm

BRTX

BioRestorative Therapies shares are trading higher after the company announced it regained compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:17 pm

THQQF

Embracer Group AB (OTC:THQQF) has shut down Pieces Interactive, the developer behind Alone in the Dark, due to the game's poor performance. This closure is part of Embracer's broader restructuring efforts, which have also seen the shutdown of other studios and the sale of assets like Gearbox Software.

Portfolio Pulse from Franca Quarneti

June 17, 2024 | 7:17 pm

GME

GameStop shares are trading lower following the company's annual shareholder meeting, which was postponed due to technology issues and high demand. CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction and a streamlined retail presence.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 7:16 pm

ADSK

Autodesk's short interest has risen by 4.04%, with 2.22 million shares sold short, representing 1.03% of its float. This increase in short interest could indicate bearish sentiment, although Autodesk's short interest is lower than its peers' average of 3.89%.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:15 pm

BILI

Bilibili shares are trading higher following last week's release of 'San Guo: Mou Ding Tian Xia.'

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:09 pm

BNTX

BioNTech shares are trading lower after the FDA placed a clinical hold on partner Medilink Therapeutics' Phase 1 trial of BNT326/YL202.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:09 pm

QGEN

Qiagen NV (NYSE:QGEN) announced a strategy to achieve 7% annual sales growth by 2028, return $1 billion to shareholders, and launch several new products. Key initiatives include expanding their digital PCR and syndromic diagnosis panels, enhancing AI applications, and boosting commercialization of their QuantiFERON-TB Gold Plus test. The company aims for a 31% operating income margin by 2028.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 7:04 pm

ARBUSD

Arbitrum (CRYPTO: ARB) has experienced a 3.85% price drop in the past 24 hours, continuing a week-long negative trend with a 9.0% loss. Trading volume has decreased by 10.0%, and the circulating supply has fallen by 0.6%. The current market cap is $2.56 billion, ranking it #44.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:03 pm

LCID

TSLA

Lucid Group's CEO Peter Rawlinson claims that Lucid's technology is years ahead of Tesla's, despite Tesla's lead in production and deliveries. Rawlinson's comments highlight Lucid's efficiency in EV batteries and potential for partnerships, but the company faces financial challenges.

Portfolio Pulse from Chris Katje

June 17, 2024 | 7:03 pm