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IMNM

Immunome reported a significant miss in Q1 earnings and sales, with EPS at $(2.51) versus the $(0.69) estimate and sales at $1.03M against the $2.50M estimate. This represents a substantial decrease from the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:18 pm

MSTR

Jim Cramer, host of CNBC's 'Mad Money,' advised investors seeking Bitcoin exposure to directly purchase Bitcoin instead of buying MicroStrategy Inc. (NASDAQ:MSTR) stock. MicroStrategy, known for holding a significant amount of Bitcoin, recently launched 'MicroStrategy Orange,' a decentralized identity service. The cryptocurrency market, including Bitcoin, has seen notable movements, with Bitcoin's price surge attributed to investments in spot Bitcoin ETFs by major banks and bullish predictions by investors like Anthony Scaramucci.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 12:18 pm

TSLA

Tesla Inc is using advertisements to encourage shareholder votes on CEO Elon Musk's previously rescinded $55 billion pay package and the company's potential relocation from Delaware to Texas. Despite traditionally avoiding advertising, Tesla has recently explored ads on various platforms, including Google and X, for this purpose. The move comes amid criticisms, including from investor Ross Gerber, for not advertising its product sales while focusing on Musk's pay package promotion.

Portfolio Pulse from Anan Ashraf

May 14, 2024 | 12:17 pm

NOTV

Jefferies analyst David Windley downgraded Inotiv (NASDAQ:NOTV) from Buy to Hold and significantly reduced the price target from $11.5 to $3.75.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:17 pm

PARA

PARAA

SONY

Sony Group Corp (NYSE: SONY) reported a 14% year-on-year sales growth for Q4 2023, surpassing analyst expectations with $23.49 billion in revenue and an EPS of $1.04. The company announced a stock buyback and a 5-for-1 stock split, alongside expectations for fiscal 2024 sales to reach $84.9 billion. Despite a slowdown in PS5 sales, Sony anticipates growth in music publishing and smartphone image sensors. Concerns over Sony's potential $26 billion bid for Paramount Global (NASDAQ: PARA, NASDAQ: PARAA) have pressured its shares, although they traded higher by 3.28% premarket.

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 12:15 pm

AUGX

Augmedix shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:13 pm

PLUG

Plug Power's shares are trading higher following the announcement of a conditional commitment for a loan guarantee up to $1.66 billion from the Department of Energy.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:12 pm

AMC

GME

KOSS

XLY

XRT

GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) saw their stock prices surge by 147% and 121% respectively in pre-market trading, signaling a potential revival of the 2021 meme stock rally. This resurgence, driven by retail investors on platforms like Reddit, has reintroduced volatility into the market. AMC capitalized on this momentum by raising $250 million through an equity sale. Related stocks and ETFs, including BlackBerry Ltd. (BB), Koss Corporation (KOSS), SPDR S&P Retail ETF (XRT), and Consumer Discretionary Select Sector SPDR Fund (XLY), also experienced notable movements.

Portfolio Pulse from Mohit Manghnani

May 14, 2024 | 12:11 pm

KOPN

Kopin reported Q1 2024 GAAP EPS of $(0.27), missing the $(0.05) estimate by 440%, but beat sales estimates with $10M vs. the $9.008M forecast. This represents a 7.05% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:07 pm

FFIE

GME

GSUN

KOSS

MTEN

In Tuesday's pre-market session, notable movements were observed in the consumer discretionary sector. GameStop led the gainers with a significant 116.0% increase, while Golden Sun Health experienced the largest drop among the losers, falling 13.5%. Other notable movements included Faraday Future and Koss with substantial gains, and Mingteng International and EZGO Technologies among the losers.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 12:06 pm