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Stock Prices

CVNA

Carvana shares are experiencing an increase in value following the company's recent announcement of its Q1 financial results, indicating continued strength.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:29 pm

NUVO

Nuvo Group shares were halted due to a circuit breaker trigger after the stock plummeted by 47.8%. This significant drop in stock price indicates a sharp sell-off, leading to a temporary trading halt to prevent further immediate decline.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:28 pm

BEDZ

BKNG

EXPE

STNC

Expedia Group faces challenges with Vrbo's slow start and B2C growth, leading to lowered fiscal 2024 guidance. Analysts have adjusted their price targets and ratings accordingly, with concerns over competition and market share. Despite a solid quarter, the slower-than-expected growth and tech migration issues have impacted investor sentiment. Expedia's stock has seen a significant drop, but exposure to the company can also be gained through ETFs like BEDZ and STNC.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 6:28 pm

VIK

Viking Holdings shares are experiencing an increase in their trading value due to volatility following their initial public offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:24 pm

MSTR

MicroStrategy shares are trading higher without any company-specific announcements.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:23 pm

CXM

Sprinklr, a customer experience management (CXM) platform provider, has announced a layoff of approximately 3% of its workforce, totaling around 116 employees, as part of a strategic realignment of its customer operations team. This follows a previous reduction of about 4% of its workforce last year. The layoffs are part of the company's efforts to enhance go-to-market efficiencies and customer service. Despite the job cuts, Sprinklr reported a 17% increase in quarterly revenue year-on-year and has shifted to a GAAP operating income from a loss. The company continues to focus on growth areas and plans to hire in prioritized sectors while supporting affected employees through their transition.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:22 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burn rate has surged 800%, with millions of coins burned, driving positive market sentiment and a 4.5% price increase. Kraken Pro listed SHIB for new margin pairs, amid broader interest in meme coins and their market impact. The SHIB community's commitment is highlighted by the holding of 733.6 trillion SHIB coins across 653,530 addresses, remaining profitable despite price fluctuations.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 6:20 pm

PARA

Paramount Global's potential deals with Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management are unlikely to proceed. Insiders believe neither offer will materialize, with regulatory hurdles and Paramount's reluctance to sell to a private-equity-backed buyer being key issues. The company, led by the 'Office of the CEO', is preparing to operate independently, possibly selling assets like BET Media Group and exploring a merger of Paramount+ with NBCUniversal's Peacock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:17 pm

MDB

Recent options market activity indicates a bearish sentiment towards MongoDB (NASDAQ:MDB), with a significant portion of trades being puts. The options trading suggests a target price range of $270.0 to $500.0 for MongoDB. Current trading volume and price show a positive trend, with the stock up by 2.98% at $374.0. Analysts have a mixed outlook, with an average price target of $450.0, though some have downgraded their ratings. MongoDB's database services continue to attract a large user base, indicating a strong market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:17 pm

LULU

Whales have shown a predominantly bearish stance on Lululemon Athletica (NASDAQ:LULU), with 62% of detected trades being bearish. The options trading activity indicates a targeted price range of $195.0 to $550.0 for LULU over the last 3 months. Despite this, LULU's stock is currently up by 1.0%, trading at $354.31, with a neutral RSI indicator. Professional analysts have set an average price target of $411.0, with ratings ranging from Underperform to Overweight.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:17 pm