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UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) reported better-than-expected Q1 financial results, leading to an 11.2% increase in its stock price. Other companies like Edible Garden AG, The Children's Place, Cullinan Therapeutics, and Interactive Brokers also saw significant stock movements due to various factors including preliminary results, new financing agreements, analyst ratings, and quarterly earnings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 2:55 pm

SIGA

Traders are closely monitoring SIGA Technologies following circulation of a U.S. Sun article reporting the discovery of a mutant strain of Mpox with pandemic potential in the Democratic Republic of Congo. This development could impact SIGA Technologies, known for its involvement in health security and disease treatment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:55 pm

FXI

SPY

President Biden's proposed higher tariffs would impact over $1B worth of steel and aluminum products from China, according to a senior administration official.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:53 pm

FTEC

MSFT

XLK

LinkedIn, owned by Microsoft Corp (NASDAQ:MSFT), has introduced a Premium Company Page subscription for small and medium-sized businesses, offering AI-generated content and tools to boost visibility for up to $99 per month. This move is part of LinkedIn's strategy to diversify revenue streams, which saw a 25% increase in premium subscription revenue in 2023, reaching $1.7 billion. LinkedIn is also expanding into influencer marketing and short-form video content, competing with platforms like Instagram, TikTok, YouTube, Snapchat, and Netflix. MSFT stock has risen 44% in the last 12 months, with exposure available through ETFs like SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 2:52 pm

SON

Sonoco (NYSE:SON) has increased its quarterly dividend to $0.52 per share from $0.51, marking the 41st consecutive year of dividend increases. This adjustment raises the annualized dividend to $2.08 per share, with the next payment scheduled for June 10, 2024, to shareholders on record as of May 10, 2024. This move continues Sonoco's long history of dividends since 1925, offering a 3.6 percent yield based on the April 15, 2024, closing price, significantly higher than the S&P 500's yield.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:52 pm

AWIN

AERWINS Technologies shares have resumed trading, indicating a return to market activity for the company.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

JUNE

Shares of Junee were halted due to a circuit breaker triggered by a significant upside movement. This indicates a sudden and sharp increase in Junee's stock price, leading to a temporary trading halt to ensure market stability.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

JUNE

Junee, under the ticker symbol JUNE, has launched its Initial Public Offering (IPO) with shares priced at $4 each, offering 2 million shares to the public. The shares have now opened for trade.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) shares surged after announcing a new $90 million financing agreement with majority shareholder Mithaq Capital SPC. This unsecured, subordinated term loan, expected to be funded by April 19, 2024, aims to improve liquidity and will be used to repay an existing $50 million loan and for general corporate purposes. The loan, maturing on April 16, 2027, features interest at SOFR plus 4.00% per annum, with deferred payments until April 30, 2025. Since February 29, 2024, Children's Place has received $168.6 million in funding from Mithaq.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 2:50 pm

AWIN

Shares of AERWINS Technologies were halted due to a circuit breaker after surging 67%. The halt was triggered by the stock's rapid upside movement.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:47 pm