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DSY

KWE

SKYE

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply by 19% after the company announced the discontinuation of its SBI-100 Ophthalmic Emulsion Phase 2a trial. Other notable movers include Big Tree Cloud Holdings Limited (NASDAQ:DSY) which jumped 123% following a business combination, and KWESST Micro Systems Inc. (NASDAQ:KWE) which gained 79.8% after being awarded a significant sub-contract. Several other stocks experienced significant gains or losses during Monday's mid-day session.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:10 pm

AAPL

Apple has announced 'Apple Intelligence' at the WWDC24 event, a new feature that will enable iPhone, iPad, and Mac to understand and create language and images.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:10 pm

AAPL

Apple has unveiled a new AI offering called 'Apple Intelligence' at the WWDC24 event. This new product is expected to enhance Apple's ecosystem and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:07 pm

GME

A crypto trader suggested that GameStop (NYSE:GME) could benefit from adopting a Bitcoin standard by raising over $5 billion through share issuance and converting it into Bitcoin. This move could increase demand for GameStop’s stock and expand its base of Bitcoin holders, potentially making it the biggest Bitcoin adoption story of the year.

Portfolio Pulse from Khyathi Dalal

June 10, 2024 | 6:06 pm

WAVS

Western Acquisition Ventures Corp. (NASDAQ:WAVS) received a deficiency notification from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The notice has no immediate effect on the listing or trading of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:04 pm

TECK

Teck Resources (NYSE:TECK) has outperformed the market over the past 5 years with an average annual return of 17.99%, resulting in a $1000 investment growing to $2,276.48. The company currently has a market capitalization of $25.75 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:01 pm

MCD

Recent options trading trends indicate a bullish stance on McDonald's (NYSE:MCD) by high-value investors. Benzinga's options scanner identified 9 uncommon trades, with a mix of calls and puts. The overall sentiment is 44% bullish and 22% bearish. Analysts have set a consensus target price of $297.67, with mixed ratings from B of A Securities, TD Cowen, and JP Morgan.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

CTSH

Analysts have mixed perspectives on Cognizant Tech Solutions (NASDAQ: CTSH) with recent ratings showing a blend of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has decreased by 3.37% to $77.9. Key analysts have adjusted their ratings and price targets, reflecting a cautious outlook. Despite a slight revenue decline, Cognizant maintains strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

TMUS

Deep-pocketed investors have shown unusual bearish options activity towards T-Mobile US (NASDAQ:TMUS), indicating potential significant market movements. Benzinga's options scanner highlighted 12 extraordinary options activities, with a mix of puts and calls suggesting a price range of $160.0 to $190.0. Analysts have mixed ratings, with a recent downgrade from Benchmark.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

BOKF

Over the past three months, 12 analysts have reviewed BOK Financial (NASDAQ:BOKF), with most expressing neutral sentiments. The average 12-month price target has increased by 4.82% to $97.58. Analysts have adjusted their ratings and price targets, reflecting mixed but generally stable outlooks. BOK Financial faces challenges with declining revenue, low net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm