Streetbeat News

Stock Prices

ARKR

FFIN

HEAR

IRBT

Insiders have recently purchased shares in Turtle Beach, Ark Restaurants, iRobot, and First Financial Bankshares, indicating their confidence in these companies. Notable trades include Turtle Beach's Director acquiring 2,025 shares, Ark Restaurants' 10% owner buying 19,815 shares, iRobot's President and CEO purchasing 2,050 shares, and First Financial Bankshares' EVP/CFO buying 1,000 shares.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:39 pm

GME

GameStop Corp. (NYSE:GME) shares plunged in premarket trading after releasing preliminary Q1 results showing a significant revenue decline and a narrower loss compared to last year. The company also filed for an 'at-the-market' offering to sell up to 4.5 million common shares.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 12:36 pm

DRMA

DRMAW

Dermata Therapeutics has entered into agreements for the immediate exercise of certain warrants to purchase up to 516,336 shares of its common stock at a reduced exercise price of $5.16 per share. The closing of the offering is expected around May 21, 2024, with H.C. Wainwright & Co. acting as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:36 pm

AES

SO

WTRG

Wall Street's most accurate analysts recommend three utilities stocks with over 3% dividend yields: Essential Utilities, The AES Corporation, and The Southern Company. These stocks are favored for their high free cash flows and consistent dividend payouts.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:36 pm

RDDT

Reddit shares are trading higher following the announcement of a partnership with OpenAI.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:35 pm

DOCS

GME

HOOD

Market-Moving News for May 17th: GameStop Corporation reveals disappointing Q1 preliminary results, Robinhood Markets gets an upgrade from B of A Securities, and Doximity shares surge following strong Q4 results and positive guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

May 17, 2024 | 12:34 pm

GME

GameStop shares are trading lower after the company announced Q1 preliminary results and an Open Market Sale Agreement to offer and sell up to 45 million shares of its Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:33 pm

BILI

BMBL

PINS

SE

TME

Five tech and telecom stocks in the communication services sector, including Bilibili Inc. (BILI), Sea Limited (SE), Bumble Inc. (BMBL), Pinterest, Inc. (PINS), and Tencent Music Entertainment Group (TME), are showing overbought signals with RSI values above 70. These stocks have seen significant price increases recently, which may indicate a potential short-term decline.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:29 pm

NVDA

PLTR

Duquesne Family Office, led by Stanley Druckenmiller, has reopened a position in Palantir Technologies (PLTR) after a year-long hiatus, purchasing 769,965 shares in Q1 2024. Concurrently, the firm significantly reduced its stake in Nvidia (NVDA), selling off a large portion of its holdings. Palantir's fundamentals have improved due to its pivot to AI, despite mixed Q1 results. The stock has risen 26% year-to-date.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 12:28 pm

DXC

DXC Technology shares are trading lower after the company issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:26 pm