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GME

PARA

SPY

GameStop experiences volatility following a new post by Roaring Kitty. Paramount's stock rises on reports that Skydance is set to announce a takeover. The NYSE is investigating a technical issue.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:57 pm

GME

PARA

SPY

GameStop experiences volatility following a post by Roaring Kitty, while Paramount sees a rise in stock price due to reports of a potential takeover by Skydance. The NYSE is investigating a technical issue.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:56 pm

CNSP

CNS Pharmaceuticals, Inc (NASDAQ:CNSP) shares dropped by 33.4% to $0.14 after announcing a 1-for-50 reverse stock split to meet Nasdaq's minimum share price requirement. The reverse split will consolidate every 50 shares into one share, effective June 4. The stock has decreased by 93.88% over the past year and has a neutral RSI of 55.04.

Portfolio Pulse from Henry Khederian

June 03, 2024 | 2:55 pm

CNSP

CNS Pharmaceuticals shares are trading lower following the company's announcement of a 1-for-50 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:53 pm

EFSH

1847 Holdings LLC (NASDAQ:EFSH) shares are down 37.5% to $0.70 after the company filed a prospectus for the potential sale of 1,394,052 common shares by selling shareholders. The company will not benefit from the sale proceeds except for funds from warrant exercises.

Portfolio Pulse from Henry Khederian

June 03, 2024 | 2:52 pm

WIMI

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) has developed BlockChain Guardian technology to enhance security for the Industrial Internet of Things (IIoT). This technology integrates blockchain's decentralization and security with intelligent Network Intrusion Detection Systems (NIDS) for real-time monitoring and anomaly detection.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:51 pm

BNTX

JNJ

MRNA

NVAX

PFE

SPY

Dr. Fauci testified live before a House subcommittee on the COVID-19 pandemic, discussing the current state of the pandemic, vaccine efficacy, and future measures. This testimony could impact companies involved in COVID-19 vaccine production and distribution.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:49 pm

FDIS

TSLA

XLY

Tesla defends CEO Elon Musk's $56 billion pay package, arguing that a new compensation structure would be more expensive. Proxy advisory firms ISS and Glass Lewis have urged shareholders to vote against the proposal. Tesla's stock has lost over 17% in the last 12 months, but shares are currently trading higher.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 2:48 pm

GME

Keith Gill, known as Roaring Kitty, has reignited interest in GameStop (GME) by revealing a substantial $116 million position. This has driven the stock's recent surge, with shares trading higher pre-market. GameStop also completed a $933.4 million equity offering, further boosting its financial position. Technical indicators show a strong bullish trend.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 2:48 pm

GOLD

Barrick Gold shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:47 pm