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Stock Prices

OBLG

Obglong shares are trading higher following the announcement of a non-binding letter of intent to acquire Dwellwell Analytics.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:11 pm

ABNB

EM

HLT

MAR

Smart Share Global Ltd. (NASDAQ: EM) reported a significant revenue decline of over 50% in Q1 due to its business transformation. The company is shifting from directly owning and operating power bank cabinets to a model where third-party partners manage the cabinets. This transition has led to short-term financial pain, including a stock drop of over 20% initially, though it closed down around 10%. Despite the short-term challenges, the company remains profitable on an adjusted basis and expects long-term benefits from the new model.

Portfolio Pulse from The Bamboo Works

June 04, 2024 | 1:10 pm

CGRO

PGJ

TCOM

Trip.com Group Limited (NASDAQ:TCOM) shares are trading lower after the company announced a proposed offering of $1.3 billion of convertible senior notes. The company plans to use the proceeds to repay debt, expand overseas operations, and meet working capital requirements. Additionally, Trip.com plans to repurchase up to $400 million of its ADSs. Investors can gain exposure to the stock via Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 1:10 pm

STLA

Stellantis CEO stated that if Chinese automakers enter the European market, Stellantis will have to compete at their cost levels.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:10 pm

FRGT

Freight Technologies has announced the expansion of its Fr8Radar module within the Fr8App platform. This development aims to enhance the platform's capabilities and improve user experience.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:06 pm

CAPR

Capricor Therapeutics announced positive 3-year results from the HOPE-2 open-label extension study of CAP-1002 for treating Duchenne muscular dystrophy (DMD). The study showed significant benefits in skeletal muscle function and cardiac function, with a well-tolerated safety profile. These results were shared with the FDA and will be presented at the upcoming PPMD Annual Conference.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:05 pm

INTC

Intel Corp (NASDAQ: INTC) shares are trading higher following the announcement of new AI-focused processors and chips at Computex 2024. The company introduced its Xeon 6 processors and Lunar Lake client processor architecture, which promise significant performance gains and efficiency improvements. These advancements are expected to drive innovation in AI and computing.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 1:05 pm

BBWI

Bath & Body Works Inc (NYSE:BBWI) reported a slight decline in Q1 FY24 sales but beat analyst estimates. Despite weaker international sales, the company saw a rise in gross profit and operating income. Adjusted EPS also surpassed expectations. The company narrowed its FY24 EPS and sales guidance. BBWI shares are trading lower by 5.56%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 1:03 pm

NVDA

TSLA

Elon Musk has directed Nvidia to redirect thousands of AI chips initially reserved for Tesla to his other ventures, X and xAI. This move could impact the operations and stock prices of both Nvidia and Tesla.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:03 pm

LUMO

Lumos Pharma has reported new analyses of its Phase 2 OraGrowtH212 trial at the ENDO 2024 conference. The trial focuses on evaluating the efficacy and safety of LUM-201 in pediatric growth hormone deficiency.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:01 pm