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IYE

XLE

XOM

A group of 40 large institutional investors, managing $4.4 trillion in assets, urged companies to avoid suing shareholders over proposal disagreements, using Exxon Mobil's lawsuit as an example. They argue that such actions could deter sustainability-related proposals, impacting long-term investor interests.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 1:19 pm

VERA

Vera Therapeutics shares are trading higher after the company received FDA Breakthrough Therapy Designation for Atacicept.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:18 pm

VIK

Viking Holdings shares are trading higher after multiple analysts initiated coverage on the stock with bullish ratings.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:16 pm

SRPT

Sarepta Therapeutics shares are trading lower following a downgrade by RBC Capital from Outperform to Sector Perform.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:15 pm

AAPL

AI

CAVA

DELL

DKNG

GME

LOT

NVDA

QQQ

TSLA

The top 10 trending stocks on WallStreetBets as of May 28, 2024, include NVDA, AAPL, DELL, TSLA, GME, AI, CAVA, LOT, QQQ, and DKNG, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:15 pm

FLUT

Flutter Entertainment shares are trading lower after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:14 pm

ZS

Zscaler shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:12 pm

TUYA

Tuya Inc (NYSE:TUYA) shares rose by 7% to $2.13 after the company announced its membership in the United Nations Global Compact (UNGC), highlighting its commitment to corporate social responsibility and sustainable development.

Portfolio Pulse from Henry Khederian

May 28, 2024 | 1:11 pm

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