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INST

Instructure shares are trading higher following a report that Thoma Bravo is exploring a sale of the company.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:28 pm

MTC

MMTec shares were halted on a circuit breaker after experiencing a significant drop of 81.6%.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:19 pm

CTNT

Cheetah Net Supply Chain Service shares were halted on a circuit breaker due to a significant drop, with the stock now down 69.6%.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:19 pm

RVER

SNAP

SOCL

Snap Inc (NYSE:SNAP) is investing in AI and machine learning to enhance Snapchat, aiming to make the app more engaging. CEO Evan Spiegel has organized senior machine learning experts to strategize on achieving state-of-the-art advancements. This follows years of revamping Snapchat’s advertising business, which is now showing positive results. Snap reported quarterly sales of $1.195 billion, up 21% year-on-year, and quarterly earnings of $0.03, beating analyst estimates. Snap stock gained 66% in the last 12 months. Investors can gain exposure to the stock via Global X Social Media ETF (NASDAQ:SOCL) and Advisor Managed Portfolios Trenchless Fund ETF (NYSE:RVER).

Portfolio Pulse from Anusuya Lahiri

May 20, 2024 | 4:18 pm

SNOW

Recent options trading trends in Snowflake (NYSE:SNOW) show a balanced sentiment among investors, with significant trades in both calls and puts. The stock is currently trading at $164.87, up by 1.86%, and has an upcoming earnings release in 2 days. Analysts have mixed ratings with a consensus target price of $218.33.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:16 pm

WMT

The options market shows a bullish stance on Walmart (NYSE:WMT) with 26 call trades totaling $1,713,216 and 2 put trades totaling $125,304. Analysts have mixed ratings with an average price target of $71.4. Walmart's stock is currently at $64.42, down by 0.36%.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:16 pm

VRT

Financial giants have shown a bearish sentiment towards Vertiv Holdings (NYSE:VRT) through options trading. Analysis reveals 45% bearish and 27% bullish trades, with significant put and call activities. The stock is currently trading at $99.08, up by 2.34%, and is approaching overbought territory. Analysts have mixed ratings with a consensus target price of $107.2.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:16 pm

MAGA

A crypto trader known as 'Bonk Guy' netted a 700% return on the MAGA meme coin, which is based on Donald Trump's 'Make America Great Again' cap. The coin surged to a $60 million valuation, but the trader cautions about the high risk at higher valuations.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 4:14 pm

CAN

Canaan shares are trading higher following the company's better-than-expected Q1 revenue report, reaffirmed Q2 topline outlook, and issued Q3 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:13 pm

JAGX

Jaguar Health, Inc. (NASDAQ:JAGX) shares are falling after the company announced a 1-for-60 reverse stock split to comply with Nasdaq's listing standards. The company also reported worse-than-expected first-quarter results, with losses of 6 cents per share and quarterly sales below estimates.

Portfolio Pulse from Erica Kollmann

May 20, 2024 | 4:13 pm