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Stock Prices

AMC

GME

Meme stocks GameStop (GME) and AMC Entertainment (AMC) saw significant gains earlier this week but experienced a sharp pullback. Vanda Research suggests that the current rally is unlikely to reach the levels seen in 2021 due to lower trading volumes and retail participation. Hedge funds are better prepared this time, and the recent volatility is driven more by fundamentals than social media hype.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 11:59 am

SNGX

Soligenix's clinical results from the HyBryte compatibility study for cutaneous T-cell lymphoma have been published in JEADV Clinical Practice. The study showed a 22% treatment response after 8 weeks, reinforcing previous Phase 3 trial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:59 am

AGFY

Agrify shares are trading higher following the announcement of a definitive agreement and plan of merger with Nature's Miracle Holding.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:58 am

INNO

INNO BioScience shares are trading higher after the company reported a year-over-year increase in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:56 am

AGRI

GO

The article highlights two oversold stocks in the consumer staples sector: AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) and Grocery Outlet Holding Corp. (NASDAQ: GO). Both companies have experienced significant stock price declines and have RSI values indicating they are oversold, presenting potential buying opportunities.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 11:56 am

CLSD

LIPO

SABR

ZOM

Insiders have been buying shares of several penny stocks, including Sabre Corporation, Zomedica Corp., Clearside Biomedical, and Lipella Pharmaceuticals. These transactions may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 11:55 am

BMTX

BM Technologies shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:55 am

ALL

Allstate has announced estimated catastrophe losses for April 2024 amounting to $494 million, or $390 million after tax.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:51 am

KULR

KULR Technology Group shares are trading lower after the company announced worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

GM

General Motors (GM) is seeking a level playing field against Chinese EV makers, as stated by President Mark Reuss. The company is concerned about China's pricing strategies and the impact on local players. The Biden administration has increased tariffs on Chinese EVs, further restricting their entry into the U.S. market. GM's EV sales dropped 20.5% year-on-year in Q1 2024, largely due to the discontinuation of the Chevrolet Bolt. GM recently launched the Chevrolet Equinox EV, aiming to compete with Tesla's Model Y.

Portfolio Pulse from Anan Ashraf

May 16, 2024 | 11:48 am