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EGLE

SBLK

Eagle shareholders have approved a merger with Star Bulk, where each share of Eagle's common stock will be exchanged for 2.6211 shares of Star Bulk's common stock. The merger excludes shares owned by Eagle, Star Bulk, or their subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:13 pm

CORZ

Core Scientific, Inc. (CORZ) announced its March 2024 production and operations updates, highlighting significant achievements in bitcoin mining and infrastructure expansion. The company reported earning 906 self-mined bitcoins and facilitating an additional 309 bitcoins mined by customers in March. For Q1 2024, Core Scientific mined a total of 2,825 bitcoins and customers mined 970 bitcoins. The company deployed its first shipment of approximately 2,500 S21 miners, expanded its operational infrastructure to 745 megawatts, and operated around 224,000 bitcoin miners with a total hash rate of 25.6 exahash as of March 31, 2024. Additionally, Core Scientific delivered 16 megawatts of infrastructure for a high-performance computing client ahead of schedule, aiming to achieve a hash rate of 21.8 exahash by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:11 pm

CNK

Cinemark Holdings' stock (CNK) experienced a price increase following an upgrade by Wells Fargo from Underweight to Overweight, with a new price target set at $23, up from $13.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:09 pm

EXPI

eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), announced Leo Pareja as its new CEO, effective immediately. Pareja, previously the Chief Strategy Officer, is recognized for his innovative leadership and contributions to the company's growth, including strategic initiatives like eXp Exclusives and Revenos. Glenn Sanford, the former CEO, will focus on his role as Founder, Chairman, and CEO of eXp World Holdings. The company has been recognized in the RealTrends 500 report, highlighting its market share growth and agent-centric approach.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:06 pm

PSA

Wells Fargo analyst Eric Luebchow upgraded Public Storage (NYSE:PSA) from Equal-Weight to Overweight and increased the price target from $280 to $310.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:06 pm

BTCUSD

ETHUSD

The Bitcoin-Ether ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin over Ether. This surge could signal caution in the crypto market, with potential implications for broader financial markets. Bitcoin's recent price drop and the cooling demand for ETFs, along with mixed signals from analysts and market indicators, suggest a complex outlook for cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 1:04 pm

ATUS

Wells Fargo analyst Steven Cahall downgraded Altice USA (NYSE:ATUS) from Equal-Weight to Underweight and reduced the price target from $2 to $1, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:04 pm

BIDU

GOOG

GOOGL

INTC

LPSN

MET

MSFT

NVDA

ORCL

QCOM

Saudi Arabia is advancing its position in the artificial intelligence (AI) sector by establishing a megafund and making direct investments in AI companies. This strategic move aims to diversify the kingdom's economy and enhance its technological capabilities. The initiative could potentially involve partnerships or investments in major US-listed companies known for their AI advancements, such as Baidu (BIDU), Alphabet (GOOG, GOOGL), Intel (INTC), LivePerson (LPSN), MetLife (MET), Microsoft (MSFT), NVIDIA (NVDA), Oracle (ORCL), and Qualcomm (QCOM).

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:04 pm

EVGO

RBC Capital analyst Chris Dendrinos reiterated an Outperform rating on EVgo (NASDAQ:EVGO) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm

EGIO

Edgio, Inc. (NASDAQ:EGIO) received a notice from Nasdaq for not complying with Listing Rule 5250(c)(1) due to the delay in filing its 2023 Annual Report. The delay was caused by the resignation of its independent accounting firm and the time needed to engage a new one. Edgio has 60 days to submit a compliance plan and may get up to 180 days to file the report and regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm