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TSLA

Tesla has officially moved its incorporation to Texas following a vote by its investors. This move is part of Tesla's broader strategy to expand its operations and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:28 pm

BB

BlackBerry Limited (NYSE:BB) shares have declined over 10% in the past five days and 18% over the past month. The company is set to report its first-quarter financial results on June 26, with analysts expecting a loss of 4 cents per share and revenue of $134.052 million. BlackBerry will also host its Annual General and Special Meeting on June 25. The stock is trading below its 50-day moving average and near its 52-week low. Analysts have an average 12-month price target of $3 for the stock.

Portfolio Pulse from Erica Kollmann

June 14, 2024 | 1:27 pm

CLF

MT

NUE

X

Shares of steel stocks are trading lower after Nucor issued soft Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:23 pm

PEGA

TTSH

VFC

Insiders have recently purchased shares in V.F. Corporation, Tile Shop Holdings, and Pegasystems, indicating confidence in these companies' prospects. Notable trades include V.F. Corporation's Director acquiring 25,000 shares, Tile Shop Holdings' 10% owner acquiring 74,303 shares, and Pegasystems' Director buying 8,600 shares.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 1:18 pm

PKG

Packaging Corp of America's (NYSE:PKG) short interest has risen by 13.4%, with 1.61 million shares sold short, representing 2.37% of its float. This increase in short interest could indicate bearish sentiment among investors. However, PKG's short interest is still below the peer group average of 3.70%.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 1:15 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a 29.35% increase in its short percent of float, now at 2.38% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. The company's short interest is higher than the average of its peers.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 1:15 pm

RENB

Renovaro, Inc. (NASDAQ:RENB) has secured $10 million in additional equity at a price per share of $1.4726 with 10% warrant coverage. The company is optimistic about securing further financing from various US and European institutions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:15 pm

AAPL

ADBE

AI

GRND

HPE

LOT

NVDA

SMCI

TSLA

WAY

The top 10 trending stocks on WallStreetBets as of June 14, 2024, include NVDA, TSLA, AAPL, AI, WAY, HPE, GRND, LOT, ADBE, and SMCI. This data is sourced from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:14 pm

POSAF

POSaBIT Systems Corporation reported a 67% year-over-year drop in Q1 revenue to $33.8 million. Despite market challenges, the company is focusing on long-term profitability through licensing contracts, increased gross profit margins, and a re-factored cost structure. Shares traded 8.34% higher after the market close.

Portfolio Pulse from Jelena Martinovic

June 14, 2024 | 1:13 pm

CBAT

CBAK Energy shares are trading higher following the announcement that its subsidiary, Dalian CBAK Power Battery, secured a $7 million order from a European client.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:12 pm