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Stock Prices

MU

Micron Technology Inc (NASDAQ:MU) shares are trading lower after reporting Q3 earnings that beat estimates but issuing lackluster top-line guidance. Despite strong AI demand and record data center SSD revenue, the stock fell 4.49%. Analysts have raised price targets, but the market remains cautious.

Portfolio Pulse from Adam Eckert

June 27, 2024 | 1:19 pm

HUT

Hut 8 Corp (NASDAQ:HUT) shares are trading higher due to its upcoming inclusion in the Russell 3000 Index and positive analyst coverage. Multiple analysts have raised their price targets, contributing to the stock's upward movement.

Portfolio Pulse from Adam Eckert

June 27, 2024 | 1:19 pm

TLS

Telos Corporation (TLS) will be joining the Russell 3000 Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:19 pm

HUT

Hut 8 shares are trading higher following the announcement that the stock will join the Russell 3000. Canaccord Genuity also raised its price target on the stock from $14 to $22.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:18 pm

AMC

DJT

GME

The year 2024 has seen a record-breaking number of new ETFs, driven by active fund managers. A total of 236 ETFs have been launched, including 166 actively managed ones. Capital Group and BlackRock have significantly expanded their active ETF offerings. A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for companies like Trump Media, GameStop, and AMC Entertainment. Active ETFs have attracted nearly $100 billion in the first five months of 2024, while mutual funds have lost about $150 billion.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 1:17 pm

BCLI

BrainStorm Cell Therapeutics has announced a $4.0 million registered direct offering of 11,111,111 shares at a price of $0.36 per share.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:16 pm

GTBP

GT Biopharma has received FDA clearance for its GTB-3650 IND application, with a Phase 1 trial set to begin in H2 2024 and initial data expected in H1 2025. Additionally, the company plans to submit an IND for GTB-5550 in Q1 2025, targeting B7H3 positive solid tumors, with a Phase 1 trial to follow. The company's cash runway is expected to fund operations into 2025.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:16 pm

EADSY

Airbus SE (OTC:EADSY) has warned of potential aircraft delivery delays through 2026 due to ongoing supply-chain issues. The company will not meet its 2024 delivery targets and has delayed increasing the production rate of the A320 model. This has led to a 3.7% drop in Airbus shares in Paris and a downward revision of earnings and cash flow guidance for the year.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 1:14 pm

AAPL

AI

BB

HIMS

MU

NVDA

RIVN

TSLA

WAY

WBA

The top 10 trending stocks on WallStreetBets as of June 27, 2024, include NVDA, MU, TSLA, HIMS, BB, AI, RIVN, AAPL, WAY, and WBA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:13 pm

SOUN

SoundHound AI, Inc. (NASDAQ:SOUN) announced that all existing shares of Series A Preferred Stock will automatically convert to Class A Common Stock. This follows strong performance and voluntary conversions by holders, leading to the cessation of all rights with respect to the preferred stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:13 pm