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AY

Atlantica Sustainable Infrastructure (NASDAQ:AY) shares fell by 5.2% to $22.20 after announcing a definitive agreement to be acquired by Energy Capital Partners for $22 per share in cash. The acquisition, supported by major shareholder Algonquin Power & Utilities Corp., values the company at approximately $2.555 billion and is expected to be completed by late 2024 or early 2025.

Portfolio Pulse from Henry Khederian

May 28, 2024 | 1:11 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) shares are trading lower after the Illinois Senate approved a 2025 budget that includes a significant sports betting tax hike. The new tax rate would more than double the current rate, potentially impacting DraftKings' profitability in Illinois.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 1:10 pm

TXN

Texas Instruments shares are trading higher following a report indicating Elliott has taken a $2.5 billion stake in the company.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:08 pm

MSFT

Elon Musk has raised concerns about Windows 11's new AI feature, Recall, which enhances search functionality by capturing on-screen screenshots. Despite privacy concerns, Microsoft's stock has soared to record highs, achieving a 14% increase year-to-date.

Portfolio Pulse from Zaheer Anwari

May 28, 2024 | 1:05 pm

AAPL

IXN

IYW

Apple Inc's (NASDAQ:AAPL) iPhone sales in China surged by 52% year-on-year in April, leading to a rise in its stock price. This growth follows a challenging start to the year and is attributed to price discounts and efforts to strengthen ties with China. Investors can also gain exposure to Apple through IShares Global Tech ETF (NYSE:IXN) and IShares U.S. Technology ETF (NYSE:IYW).

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 1:03 pm

IGC

IGC Pharma has announced the enrollment of patients at Neurostudies for its Phase 2 trial of IGC-AD1, a treatment for Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:03 pm

PBYI

Puma Biotechnology, Inc. (NASDAQ:PBYI) will join the Russell 3000 Index following Russell Investments' annual reconstitution. The inclusion will be effective after U.S. markets open on July 1.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:02 pm

NVDA

NVIDIA shares are trading higher following reports that Elon Musk's xAI plans to build a supercomputer to power its Grok AI chatbot.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:01 pm

BAH

Booz Allen Hamilton (NYSE: BAH) has been analyzed by four financial analysts, revealing a range of sentiments from bullish to indifferent. Recent analyst actions have predominantly been positive, with several raising their price targets. The average 12-month price target is now $171.0, reflecting an 8.06% increase from the previous average. The company's financials show strong revenue growth, net margin, ROE, and ROA, but it faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 1:01 pm

HGV

Six analysts have provided varied opinions on Hilton Grand Vacations (NYSE:HGV) over the past quarter, with ratings ranging from bullish to bearish. The average 12-month price target has increased to $62.0, with a high of $71.00 and a low of $54.00. Recent analyst actions include rating adjustments and price target changes, reflecting their response to the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 1:01 pm