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Stock Prices

SPY

The Dallas Fed Texas Manufacturing Output Index dropped to -2.8 in May from 4.8 in April, indicating a contraction in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:31 pm

AGIO

ARCT

CALT

GME

INSM

NVDA

Several US-listed stocks saw significant gains on Tuesday. Nvidia rose 4.4% due to reports of Elon Musk's xAI plans and strong financial results. Insmed climbed 110% after positive Phase 3 study results. Calliditas Therapeutics rose 74.6% following a board recommendation to accept a tender offer. Other notable gainers include Agios Pharmaceuticals, Arcturus Therapeutics, and GameStop.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 2:31 pm

SPY

The Dallas Federal Reserve's Manufacturing Business Index for May dropped to -19.4 from -14.5 in the previous month, indicating a further contraction in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:30 pm

APDN

Applied DNA Sciences shares are trading lower following the announcement of a $12 million public offering.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:26 pm

SPY

Federal Reserve's Neel Kashkari stated that the likelihood of the Fed raising interest rates is quite low and that rates could remain on hold for an indefinite period.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:24 pm

SAVE

Spirit Airlines (NYSE:SAVE) has seen a 5.71% decrease in its short percent of float, now at 25.27%. This indicates a potential shift in market sentiment. The company's short interest remains higher than its peers, which average 9.15%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:15 pm

APP

AppLovin (NYSE:APP) has seen a 34.4% increase in its short percent of float, now at 10.04% with 26.45 million shares sold short. This is significantly higher than its peers' average of 3.68%. It would take traders 5.09 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:15 pm

CELH

PEP

Celsius Holdings (CELH) and PepsiCo (PEP) experienced a decline in their stock prices following the release of Nielsen data, which showed a cooling off in sales growth.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:12 pm

APDN

INSM

LUCY

MRAI

PEGY

STSS

US stocks showed mixed performance with the Dow Jones falling, while the NASDAQ rose slightly. The S&P CoreLogic Case-Shiller home price index increased by 7.4% year-over-year in March. Notable stock movements included significant gains for Sharps Technology, Insmed Incorporated, and Pineapple Energy, while Applied DNA Sciences, Marpai, and Innovative Eyewear saw substantial declines.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 2:05 pm

BUR

Burford Capital is expected to join the Russell 3000 and 2000 Indexes at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1, 2024. This marks a significant milestone as Burford is the first legal finance firm to achieve this.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:04 pm