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FFIE

Faraday Future Intelligent Electric shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 173.8%.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:42 pm

FFIE

Faraday Future (FFIE) has seen a significant option activity with a sweep of 741 call options at a strike price of $1.5, priced at $0.6 each, ahead of its earnings report on May 28. The current stock price is $1.82.

Portfolio Pulse from Charles Gross

May 16, 2024 | 4:41 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares surged after the company reported better-than-expected Q3 financial results, with revenue and earnings surpassing analyst estimates. The company achieved record revenue and operating cash flow, and announced an increase in its 2024 expansion plans.

Portfolio Pulse from Erica Kollmann

May 16, 2024 | 4:41 pm

NVDA

Nvidia is expected to see significant growth due to increased data center spending and expanding AI demand. Analysts from Wedbush, Piper Sandler, and Citi have reiterated positive ratings and high price targets for Nvidia, citing strong demand for its data center products and AI-related components. Hyperscale data center operators are increasing their capex budgets, which is a significant driver for Nvidia's growth. Analysts project robust revenue and EPS for the upcoming quarters.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 4:40 pm

GME

Andrew Left from Citron Research announced on Benzinga Live that he has shorted GameStop (GME) this week.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:40 pm

FFIE

Faraday Future Intelligent Electric (FFIE) shares have resumed trading after a temporary halt. This development could impact investor sentiment and stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:39 pm

FFIE

Faraday Future Intelligent Electric shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 144%.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:37 pm

CLSK

COIN

MARA

RIOT

Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:32 pm

CAT

DE

Caterpillar shares are trading lower, potentially due to sympathy with Deere, which has lowered its guidance.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:32 pm

AKA

FFIE

GME

KXIN

SVMH

TUP

The article highlights significant intraday movements in consumer discretionary stocks on Thursday. Faraday Future (FFIE) saw a remarkable 107.1% increase, while GameStop (GME) experienced a 23.8% decline. Other notable gainers include Kaixin Holdings (KXIN) and SRIVARU Holding (SVMH), while a.k.a. Brands Holding (AKA) and Tupperware Brands (TUP) were among the losers.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:31 pm