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HYMTF

TSLA

Hyundai's IONIQ 5 robotaxi, developed in collaboration with Motional, has passed a simulated driving test, showcasing its autonomous driving capabilities. The test, part of a campaign film, was conducted in Las Vegas and featured a simulation of a U.S. driver's license test. The IONIQ 5 is currently transporting passengers in select areas of Las Vegas via the Uber app, with a vehicle operator present. Meanwhile, Tesla is preparing to unveil its own self-driving robotaxi on August 8, with CEO Elon Musk emphasizing the importance of vehicle autonomy to the company's value.

Portfolio Pulse from Anan Ashraf

April 15, 2024 | 12:16 pm

CHDN

Wells Fargo analyst Daniel Politzer has upgraded Churchill Downs (NASDAQ:CHDN) from Equal-Weight to Overweight and increased the price target from $137 to $141.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:14 pm

OPTX

Syntec Optics Holdings, Inc. (NASDAQ:OPTX), a leader in mission-critical optics, announced executive changes to bolster growth. Al Kapoor is appointed Chairman and CEO to lead strategy and potential acquisitions, leveraging his extensive experience. Joe Mohr becomes Chief Manufacturing Officer, focusing on sales, business development, and manufacturing excellence. These changes aim to support organic growth and strategic initiatives for future expansion.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:13 pm

REZI

SNPO

Snap One Holdings Corp. (SNPO) shares surged in premarket trading after announcing a definitive acquisition agreement with Resideo Technologies, Inc. (REZI) for approximately $1.4 billion, including net debt. The deal, valued at a 32% premium over Snap One's closing price on April 12, 2024, and a 7.4x multiple on its adjusted EBITDA, is expected to close in the second half of 2024. Post-acquisition, Snap One will become part of Resideo's ADI Global Distribution business, anticipated to enhance Resideo's non-GAAP EPS and revenue growth. Resideo plans to finance the acquisition through debt, cash, and a $500 million investment from Clayton, Dubilier & Rice.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 12:10 pm

DBI

GBX

Insiders at Dollar General, Greenbrier Companies, BJ's Wholesale Club, and Designer Brands have recently sold shares. These sales could indicate various strategic reasons or personal opinions about the company's stock value. Notably, Dollar General had a price target adjustment by Evercore ISI Group, Greenbrier Companies reported a revenue decline but beat consensus, BJ's Wholesale Club was upgraded by Goldman Sachs, and Designer Brands reported a decrease in comparable sales.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:09 pm

ARQQ

Arqit Quantum Inc. (NASDAQ: ARQQ), a leader in quantum-safe encryption, announced that D2BW Limited, owned by Arqit's founders, will purchase 1,241,379 shares at $0.725 each, totaling about $900,000. This is part of an agreement allowing for up to 7,586,206 shares to be bought at the same price, dependent on additional loan proceeds. Founders David Williams and David Bestwick now own 30.5% of Arqit's shares. The transaction underscores their confidence in Arqit's technology and commercial potential.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:08 pm

DBGI

KAVL

PEV

RENT

SNPO

In Monday's pre-market session, there were notable movements in the consumer discretionary sector. Snap One Holdings, Phoenix Motor, and Kaival Brands Innovations were among the top gainers, with Snap One Holdings leading with a 31.1% increase. On the downside, Kaixin Holdings, ZHONGCHAO, and Lixiang Education Holdings were among the biggest losers. Rent the Runway and Digital Brands Group also reported their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 12:07 pm

HRYU

LFLY

MGAM

NXPL

In Monday's pre-market session, several communication services stocks showed notable movements. Hanryu Holdings, Leafly Holdings, Treasure Global, Collective Audience, TruGolf Holdings, and TuanChe were among the gainers, with increases ranging from 5.52% to 21.6%. Conversely, NextPlat, Mobile Global Esports, iHuman, Brera Holdings, Chicken Soup for the Soul, and Reading Intl were the losers, with declines between 4.38% and 17.6%. Market values of these companies also varied significantly.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 12:07 pm

BMRA

MRNS

SNGX

In Monday's pre-market session, several healthcare stocks showed significant movement. Soligenix, Longeveron, Cartesian Therapeutics, Biomerica, Allarity Therapeutics, and Envoy Medical were among the gainers, with Soligenix leading by a 95.1% increase. On the downside, Marinus Pharma, TRACON Pharma, Neumora Therapeutics, PaxMedica, Alterity Therapeutics, and SINTX Techs faced declines, with Marinus Pharma dropping by 74.5%. Biomerica's rise was attributed to its Q3 earnings release.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 12:07 pm

AEYE

SNCR

WETH

WTO

In Monday's pre-market session, several Information Technology stocks showed notable movements. Wetouch Technology, UTime, Arqit Quantum, MultiSensor AI Holdings, AuthID, and Viasat were among the gainers, with increases ranging from 7.79% to 11.1%. Conversely, AudioEye, Synchronoss Technologies, Roadzen, Cyngn, OMNIQ, and GRIID Infrastructure experienced declines, with decreases ranging from 4.63% to 34.2%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 12:07 pm