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Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, are experiencing a dip despite a Senate vote to overturn a controversial SEC rule and significant inflows into Bitcoin ETFs. Notable developments include Morgan Stanley's $270M investment into Bitcoin ETFs and Robinhood's crypto trading volume slump.

Portfolio Pulse from Khyathi Dalal

May 16, 2024 | 8:48 pm

CRM

Salesforce Chairman and CEO Marc Benioff sold 15,000 shares at an average price of $284.73 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:47 pm

AXON

High-rolling investors are showing significant interest in Axon Enterprise (NASDAQ:AXON) through options trading, with a mix of bullish and bearish sentiments. The options activity suggests a targeted price range of $200 to $320. Analysts have issued ratings with a consensus target price of $380.2.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:46 pm

NIO

Recent options market activity indicates a bearish sentiment towards NIO (NYSE:NIO), with 75% of the trades being puts. Significant options trades have been detected, suggesting a price window of $5.0 to $10.0. NIO's stock is currently trading at $5.28, down by 0.94%.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:46 pm

CGEM

Cullinan Therapeutics has filed with the SEC for the resale of up to 14.4 million shares by the selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:45 pm

HLTH

Cue Health shares are trading lower after the company announced a voluntary and temporary pause in sales and distribution of its EUA COVID-19 Test Cartridge.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:43 pm

DXC

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

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:43 pm

DXC

DXC Technology has provided its financial guidance for FY25, projecting adjusted EPS between $2.50 and $3.00, which is below the estimated $3.49. The company also expects revenue to be in the range of $12.67 billion to $12.95 billion, falling short of the estimated $13.19 billion.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:42 pm

GLOB

Globant (NYSE:GLOB) reported Q1 2024 earnings per share of $1.02, missing the analyst consensus estimate of $1.53 by 33.33%. However, the company reported sales of $571.08 million, slightly beating the estimate of $570.79 million and marking a 20.88% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:38 pm

DOCS

Doximity Inc (NYSE:DOCS) reported strong Q4 earnings, with revenue and earnings per share beating analyst estimates. The company also announced a $500 million stock repurchase program and provided optimistic revenue and EBITDA guidance for the upcoming quarter and fiscal year. Shares jumped 11.54% after hours.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 8:38 pm