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Stock Prices

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are rising after the company announced its acquisition of cryptocurrency exchange Bitstamp for approximately $200 million in cash. The acquisition is expected to close in the first half of 2025 and aims to significantly expand Robinhood's crypto business globally.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 1:27 pm

CXM

RDDT

Sprinklr, Inc. (NYSE:CXM) shares are down 23.6% after reporting mixed Q1 FY25 results. Despite beating sales and EPS estimates, the company cut its FY25 revenue outlook and provided weak Q2 guidance. Additionally, Sprinklr announced Trac Pham as co-CEO and an expanded partnership with Reddit, Inc. (NYSE:RDDT). Multiple analysts downgraded the stock and lowered price targets.

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 1:26 pm

SMAR

Smartsheet Inc (NYSE:SMAR) reported better-than-expected Q1 earnings and sales, announced a $150 million share repurchase program, and received multiple price target upgrades from analysts. The company expects full-year revenue and adjusted earnings to exceed estimates.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 1:26 pm

KUKE

Kuke Music Holdings shares are trading higher after the company announced its entry into the AI music field.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:24 pm

DIBS

1stdibs.com has entered into an agreement to repurchase 2.98 million shares of its common stock from Insight Venture Partners at $5.2021 per share, totaling $15.59 million. This repurchase is part of the company's existing $25.5 million repurchase authority.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:24 pm

BTCY

Biotricity projects a year-end revenue growth exceeding 24% year-over-year, a decrease in loss from operations by over 40% year-over-year, and an improvement in margins by over 10% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:21 pm

AAPL

AI

AMD

FTC

LOT

LULU

MSFT

NVDA

SMCI

TSLA

The top 10 trending stocks on WallStreetBets as of June 6, 2024, include NVDA, LULU, MSFT, AI, AAPL, LOT, TSLA, FTC, SMCI, and AMD, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:16 pm

FUBO

FuboTV's short interest has decreased by 5.26%, with 21.06% of its float sold short. This is higher than the peer group average of 3.17%. It would take traders 4.16 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 1:15 pm

AAPL

GOOG

GOOGL

MSFT

Alphabet Inc. (GOOG, GOOGL) is rapidly advancing its AI capabilities, with JPMorgan reiterating an Overweight rating and a $200 price target by December 2024. Despite competitive pressures from Apple (AAPL) and Microsoft (MSFT), Google's AI innovations in search and advertising are expected to drive growth.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 1:14 pm

EIS

USO

An Israeli military spokesperson has denied claims by the Houthi group that they attacked Haifa Port. The spokesperson stated that the claims are not true.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:13 pm