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KAVL

Kaival Brands Innovations Group shares are trading higher following the announcement of a $5 million offering of 3,012,048 units at $1.66 per unit.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:51 pm

TEM

Tempus AI has begun trading its shares following an IPO priced at $37 per share on 11.1 million shares.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:50 pm

ALK

BA

EADSY

ITA

PPA

SPR

The FAA is investigating Boeing and Airbus for potentially falsified documentation of titanium parts, which could impact the integrity of their aircraft. Spirit AeroSystems, a key supplier, has quarantined suspect parts. Boeing and Airbus stocks are trading lower due to the news.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 3:49 pm

FRHC

Freedom Holding shares are trading higher following the company's report of a year-over-year increase in FY24 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:47 pm

DWAC

Trump Media & Technology Group shares are trading lower following the board's confirmation of the S-1 Registration statement issued on June 10.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:43 pm

NUE

Nucor Corporation (NYSE:NUE) announced a disappointing second-quarter outlook, expecting earnings significantly lower than the previous year and below consensus estimates. Lower average selling prices and volumes in the steel mills segment are the main drivers of the expected decrease in earnings. Despite this, the raw materials segment is expected to perform better. Nucor has repurchased 2.9 million shares and returned over $1.76 billion to stockholders year-to-date. The company has a strong cash position and an undrawn $1.75 billion revolving credit facility.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2024 | 3:40 pm

OCUL

Ocular Therapeutix shares are trading higher following comments and updates at Thursday's Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:38 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has increased its convertible senior notes offering to $700 million from the previously planned $500 million. The notes, due in 2032, will be sold to institutional investors and bear an interest rate of 2.25% per annum. The company plans to use the proceeds primarily to acquire more Bitcoin and for general corporate purposes.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 3:37 pm

ARKK

CLOU

SHOP

Shopify Inc (NYSE:SHOP) shares are trading higher after Evercore ISI analyst Mark Mahaney upgraded the stock to Outperform with a $75 price target. Mahaney cited the stock's 30% pullback, large Total Addressable Market, strong competitive position, and potential for increased profitability as key reasons. Shopify's strategic shift to social media marketing for international growth was also highlighted. SHOP shares are up 4.31% to $67.48.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 3:33 pm

TDW

Tidewater shares are trading lower after President and CEO Quintin Kneen sold roughly $38.51 million worth of shares.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:31 pm