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LLY

Lilly shares are trading higher after the company's tirzepatide was cleared for diabetes in China.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:16 pm

ETHUSD

The SEC has requested revisions to Ether ETF applications, sparking optimism for potential approval. This has led to a significant rise in Ether's price. However, final approval remains uncertain and could take several months.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 2:16 pm

TTC

Jehoshaphat Research has issued a report on The Toro Company titled 'The Past Catches Up With Toro,' which could have significant implications for the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:14 pm

GBTC

Grayscale Investments announced the departure of CEO Michael Sonnenshein, with Peter Mintzberg set to take over. The Grayscale Bitcoin Trust (GBTC) has shown strong performance, with significant YTD and one-year returns. The approval of GBTC's conversion to a spot bitcoin ETF has bolstered its popularity. Technical indicators suggest a bullish outlook for GBTC.

Portfolio Pulse from Surbhi Jain

May 21, 2024 | 2:08 pm

MMAT

Meta Materials Inc (NASDAQ:MMAT) shares surged by 52.6% to $3.51 after the company announced an update on its investigation into potential naked short selling. The investigation, conducted by law firms Christian Attar and Warshaw Burstein, confirmed valid claims of market manipulation. Legal proceedings are expected to follow, and updates will be provided as more information becomes available.

Portfolio Pulse from Henry Khederian

May 21, 2024 | 2:08 pm

BLNK

BYDDY

Blink Charging Co (NASDAQ:BLNK) has been selected by Grupo Fame, an official dealership for Warren Buffett-backed BYD Co Ltd (OTC:BYDDY), to provide EV charging services at select locations in Mexico. Blink's Level 2 chargers are already installed in Querétaro, with more installations expected in Morelia and Hermosillo. Wall Street analysts generally view Blink as a Buy, despite some bearish outlooks.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 2:06 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) has partnered with Geotab to provide an Integrated Data Solution for its commercial vehicles in North America. This collaboration aims to enhance fleet management by offering a unified dashboard for data insights, optimizing fleet performance, and reducing costs. The announcement was made at the Advanced Clean Transportation Expo. Despite this positive development, RIVN shares are trading lower by 1.46% to $10.13.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 2:05 pm

AGRI

BDRX

CTNT

GWAV

LUXH

MGOL

ZM

US stocks traded mixed with the Dow Jones gaining 0.1%, while the NASDAQ and S&P 500 fell. Zoom Video Communications reported stronger-than-expected earnings, boosting its stock. MGO Global, Biodexa Pharmaceuticals, and AgriFORCE Growing Systems saw significant gains, while Greenwave Technology Solutions, Cheetah Net Supply Chain Service, and LuxUrban Hotels experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 2:04 pm

MSTR

Deep-pocketed investors have adopted a bearish approach towards MicroStrategy (NASDAQ:MSTR), as revealed by Benzinga's options scanner. The significant options activity includes 21 puts and 74 calls, with a notable bearish sentiment. The price range targeted by these options is between $670.0 and $3800.0. The current trading volume for MSTR is 264,396, with the stock down by -1.13% at $1707.71. Analysts have mixed ratings, with a consensus target price of $1780.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:02 pm

AVGO

High-rolling investors have shown unusual options activity for Broadcom (NASDAQ:AVGO), with a bearish sentiment prevailing. This activity, tracked by Benzinga, includes significant trades that may indicate privileged information. The stock is currently down by 1.23% at $1396.62, with an RSI suggesting it may be approaching overbought territory. Analysts have set an average price target of $1550.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 2:02 pm