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ISUN

iSun Inc (NASDAQ:ISUN) shares plummeted by 46.6% to $0.08 after announcing a 1-for-20 reverse stock split, effective April 26, to comply with Nasdaq's minimum bid price requirement. The reverse split aims to maintain the bid price above $1.00 for 10 consecutive business days. Year to date, iSun's shares have declined by 80.64%, underperforming its historical averages. The stock's RSI of 8.84 suggests it is currently oversold.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 3:59 pm

GD

General Dynamics reported Q1 2024 earnings of $2.88 per share, missing the consensus estimate of $3.03, but showed a 9.09% increase from the previous year. Sales reached $10.730 billion, exceeding estimates of $10.317 billion, marking an 8.59% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:50 pm

BYD

TSLA

Tesla Inc (NASDAQ:TSLA) reported a significant sales decline and a halved profit but announced plans to accelerate affordable EV production, causing shares to surge almost 10% after-hours. Despite facing stiff competition from BYD Company Limited (OTC:BYD), known as the 'Tesla killer', Tesla is focusing on affordable EVs and AI investments, including a robotaxi reveal planned for August 8. The company's financials for the quarter ended March 31 showed a 9% revenue decline and a 55% net income drop, underperforming LSEG estimates.

Portfolio Pulse from Upwallstreet

April 24, 2024 | 3:49 pm

SHOP

Deep-pocketed investors have shown a bearish sentiment towards Shopify (NYSE:SHOP), as revealed by Benzinga's tracking of public options records. The analysis of options activities indicates a divided mood among investors, with a significant lean towards bearishness. The observed options activities suggest expectations of Shopify's stock price moving within a $69.0 to $80.0 range. Despite the bearish sentiment, Shopify's e-commerce platform continues to cater to small and medium-sized businesses, with its stock currently down by -2.36% and trading at $72.26.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:45 pm

ON

TXN

ON Semiconductor Corporation (NASDAQ:ON) shares rose after Texas Instruments, Inc. (NASDAQ:TXN) reported Q1 earnings surpassing estimates. Texas Instruments' earnings were $1.20 per share with revenue of $3.66 billion, exceeding expectations. ON Semiconductor is anticipated to report Q1 earnings of $1.04 per share and revenue of $1.851 billion. Analysts have recently lowered ON's price targets, with Exane BNP Paribas downgrading it to Underperform. ON's 200-day moving average is $82.36, above its current price, indicating potential long-term bullishness.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 3:41 pm

AWIN

AERWINS Technologies shares are trading lower following the company's announcement of additional staff determination.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:41 pm

MOTO

SHOC

TEL

TE Connectivity Ltd (NYSE:TEL) reported fiscal Q2 2024 net sales of $3.97 billion, a 5% decrease Y/Y but beating consensus estimates. Adjusted EPS was $1.86, surpassing the consensus of $1.83. Orders increased by 6% Q/Q across all segments. The company saw a decline in revenue across its Transportation, Industrial, and Communications Solutions segments. The adjusted operating margin improved to 18.5%, and the company generated $1.1 billion in free cash flow. CEO Terrence Curtin highlighted the importance of mega trends for future growth. TEL expects Q3 net sales of $4.0 billion and adjusted EPS of $1.85, below consensus estimates. TEL shares dropped 0.85% in premarket trading. TEL is also accessible through ETFs SHOC and MOTO.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 3:40 pm

HUM

Humana's stock is trading lower following the company's announcement that its EPS growth outlook for 2025 will be affected by various factors, leading to the abandonment of its previous $6 to $10 Adjusted EPS growth target range.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:39 pm

ATXI

Avenue Therapeutics Inc (NASDAQ:ATXI) shares plummeted 28.5% to $0.09 after announcing a 1-for-75 reverse stock split to meet Nasdaq's minimum bid price requirement. The split, effective April 26, will reduce outstanding shares to approximately 0.6 million. This move aims to maintain its Nasdaq listing by ensuring a minimum bid price of $1.00 per share.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 3:39 pm

MGA

NVDA

SERV

UBER

Serve Robotics Inc is expanding its partnership with Magna International Inc to become the exclusive contract manufacturer of Serve's delivery robots, aiming to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets. This move follows Serve's successful public offering and is supported by Uber Technologies Inc and NVIDIA Corp. Serve's shares dropped 3.47% to $3.06.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 3:34 pm