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U

Investors have taken a bearish position in Unity Software (NYSE:U) based on unusual options activity. Benzinga's options scanner identified 10 transactions, with 9 puts valued at $394,260 and 1 call worth $26,180. The sentiment is mixed, with 30% bullish and 50% bearish. The price window for Unity Software is projected between $21.0 to $35.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:45 pm

ZIM

ZIM Integrated Shipping Services Ltd (NYSE:ZIM) shares are trading lower after reporting a first-quarter FY24 sales increase of 14% Y/Y to $1.56 billion, missing the consensus of $1.57 billion. The company generated an EPS of $0.75, missing the consensus of $1.69. Despite positive metrics like a 10% increase in carried volume and a 14% rise in adjusted EBITDA, the stock is down 3.75% due to the earnings miss and a decrease in total cash position.

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 3:42 pm

EXAI

Exscientia shares are trading lower after the company reported worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:38 pm

LI

Li Auto shares are trading lower after the company reportedly delayed the launch of a pure electric SUV.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:35 pm

GME

GameStop Corp (NYSE:GME) has implemented several strategies to combat stock manipulation, including a share buyback program, a new investment policy allowing the company to invest in its own shares, and an agreement to sell up to 45 million shares during price surges. These measures aim to stabilize the stock price and increase the company's cash reserves.

Portfolio Pulse from Kevin Malone

May 21, 2024 | 3:34 pm

TRNS

Transcat shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:33 pm

AMD

MSFT

AMD has showcased its end-to-end compute and software capabilities for Microsoft. Microsoft is utilizing AMD's Instinct MI300X accelerators, ROCm open software, Ryzen AI processors, and Alveo MA35D media accelerators for AI deployments. Additionally, new Azure ND MI300X VMs are now available.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:32 pm

MFIN

ZimCal Asset Management has sent a letter to Medallion Financial Corp. (MFIN) stockholders criticizing high executive compensation and poor stock performance. ZimCal, a major investor in MFIN, is in a proxy contest to replace two board directors, believing this will unlock significant value for the company.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:32 pm

POOL

Pool Corporation (NASDAQ:POOL) has significantly outperformed the market over the past 15 years, delivering an average annual return of 22.47%. A $100 investment in POOL 15 years ago would be worth $2,090.25 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

C

High-rolling investors have shown unusual bullish activity in Citigroup's (NYSE:C) options, with 60% of trades being bullish. This significant move often signals privileged information. The stock is currently trading at $64.09, up by 1.47%, and has an average target price of $86.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm