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VERB

Verb Technology Company, Inc. (NASDAQ:VERB) celebrated its partnership with TikTok Shop with an event that attracted over 300 attendees. The collaboration was highlighted at MARKET.live's Studios, showcasing the services MARKET.live will provide to TikTok Shop's platform, which supports over 7 million small businesses and 1 million creators. VERB's CEO, Rory J. Cutaia, expressed enthusiasm about the partnership's potential for growth.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:33 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) is proposing a reverse stock split to regain Nasdaq compliance and enhance financial stability. Chairman Steven Shindler addressed stockholder questions in a video, emphasizing the split's role in raising capital efficiently and attracting a broader investor base. The proposal is part of five to be voted on at the June 5, 2024, Annual Stockholder Meeting. NKLA encourages stockholder votes in favor, highlighting the move's potential to prevent delisting and reset financial foundations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:29 pm

IMAX

PSMT

RJF

WMT

Insiders at Walmart, IMAX, PriceSmart, and Raymond James Financial have recently sold shares. These sales could indicate various sentiments about the companies' prospects. Walmart's CEO sold shares after a price target adjustment. IMAX's CTO sold shares following an earnings beat. PriceSmart's director sold shares after announcing a special dividend. Raymond James Financial's CEO sold shares after mixed financial results.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:25 pm

AKLI

Trading for AKLI was halted but has now resumed as of 8:25:00 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:25 pm

CHGG

Jefferies analyst Brent Thill downgraded Chegg (NYSE:CHGG) from Hold to Underperform and reduced the price target from $7 to $4, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:24 pm

AMD

SOXX

Advanced Micro Devices, Inc. (NASDAQ:AMD) is set to report its Q1 earnings, with expectations of a modest year-over-year increase in earnings and revenue, driven by its AI technology and products like the MI300 AI accelerator and EPYC CPUs. Despite a global decline in PC shipments, analysts remain optimistic about AMD's performance, particularly in its Data Center and Server Compute businesses. Rival Intel's recent earnings miss and AMD's premarket stock increase suggest heightened interest in AMD's financial health and future outlook. The company's stock has seen significant growth year-to-date, outperforming the broader semiconductor market represented by the iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 12:22 pm

TSLA

Elon Musk criticized the SEC on Lex Fridman's podcast, highlighting its failure to protect retail investors from hedge funds' market manipulation and short selling. Musk's comments followed the U.S. Supreme Court's rejection of his appeal against a securities fraud settlement with the SEC, related to his 2018 tweet about privatizing Tesla. This criticism comes amid Tesla's stock fluctuations and a recent rally over 15% after a deal with the Chinese government for full self-driving technology.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 12:19 pm

AMPX

KULR

KULR Technology Group, Inc (NYSE:KULR) and Amprius Technologies Inc (NYSE:AMPX) have announced a strategic partnership to integrate Amprius' high-performance cylindrical cell into KULR's battery architectures for aerospace and military applications. This collaboration aims to leverage the superior energy density and discharge capability of Amprius' silicon-anode SA10 cells within KULR's battery designs, enhancing safety and reliability for defense and space operations.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 12:18 pm

NXRT

NexPoint Residential (NXRT) reported Q1 2024 FFO of $0.75 per share, surpassing the $0.68 estimate. However, their sales of $67.600 million missed the $66.579 million estimate, marking a 100% decrease from $69.200 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:18 pm

LTRX

Lantronix shares surged following the announcement of their Q3 financial results, which exceeded expectations. Additionally, the company provided guidance for Q4, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:17 pm