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Stock Prices

AKAN

BTTR

GNLX

NCPL

SNSE

VSTM

U.S. stocks traded higher with the Dow Jones gaining 50 points. Durable goods orders increased by 0.7% in April, surpassing expectations. Akanda Corp., Netcapital Inc., and Better Choice Company Inc. saw significant stock price increases, while Verastem, Inc., Sensei Biotherapeutics, Inc., and Genelux Corporation experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:43 pm

ONMD

OneMedNet shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 60.5%.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:41 pm

BTTR

Better Choice Company Inc. (BTTR) shares have resumed trading after a temporary halt. The resumption of trading could lead to increased volatility in the stock price as investors react to the news.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:36 pm

AMLI

ATLX

SQM

TSLA

Lithium prices are showing signs of recovery as Chinese companies return to the market, ending a months-long slide. The increase in prices is expected to be gradual, unlike the 2022 spike. Despite tempered expectations for EV adoption due to high prices and other concerns, restocking in China and recent mine supply cuts are pushing prices higher. Key players like Sociedad Química y Minera de Chile (SQM), American Lithium Corp. (AMLI), Atlas Lithium Corp. (ATLX), and major automakers such as Ford (F), General Motors (GM), and Tesla (TSLA) are taking steps to secure long-term lithium supply.

Portfolio Pulse from Matt Whittaker

May 24, 2024 | 1:34 pm

ETHUSD

LINKUSD

The approval of spot Ethereum ETFs has led to a rally in Ondo Finance (ONDO), with traders predicting further upside. The Real World Assets sector is seen as a major beneficiary, with ONDO and Chainlink (LINK) highlighted as key players. ONDO has seen a 15% price increase and significant trading volume, contributing $195 million to BlackRock's onchain fund BUIDL.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 1:31 pm

CDNS

Cadence Design Systems (NYSE:CDNS) has seen a 13.73% increase in its short percent of float, now at 1.16% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still below the peer group average of 3.75%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:30 pm

EBC

Eastern Bankshares (NYSE:EBC) has seen a 3.68% increase in its short percent of float, now at 2.82% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, EBC's short interest is still below the peer group average of 4.97%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:30 pm

MMLP

Martin Midstream Partners announced that Martin Resource Management Corporation has filed a Schedule 13D amendment, proposing to acquire all outstanding common units not owned by MRMC for $3.05 per unit in cash.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:28 pm

BAH

Booz Allen Hamilton (NYSE: BAH) shares rose by 3.7% in premarket trading after the company reported strong Q4 earnings, beating analyst expectations. The company saw significant growth in revenue, backlog, and headcount, and provided a positive outlook for FY25.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 1:27 pm

SPY

Fed's Waller indicates that demographic trends will continue to lower the neutral rate. The demand for U.S. safe, liquid assets has pushed down Treasury yields and the neutral rate. The U.S. dollar remains the leading world reserve currency, with recent events suggesting increased influence for the dollar.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:26 pm