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AMZN

Amazon announced that it will deorbit two prototype Kuiper satellites after successful broadband internet tests. This marks a significant milestone in Amazon's Project Kuiper, aimed at providing global broadband internet coverage.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:43 pm

CYTK

Cytokinetics, Inc. (NASDAQ:CYTK) shares fell by 17.6% to $48.83 after announcing a public offering of 9,803,922 shares at $51.00 per share, aiming to raise approximately $500 million. The offering is expected to close on May 28, 2024, with J.P. Morgan, Goldman Sachs, and Morgan Stanley managing it.

Portfolio Pulse from Henry Khederian

May 23, 2024 | 2:42 pm

AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) announced the return of its Summer Movie Camp program, offering family-friendly movies at a low cost. This follows a court ruling upholding AMC's APE stock conversion and increased volatility due to meme stock interest. AMC shares have risen over 50% in the last month.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 2:40 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) shares are trading slightly lower after a significant drop on Wednesday due to the resignation of its chief product officer, Sun Choe. The company announced an updated operational structure and several analysts have lowered their price targets for the stock.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 2:34 pm

BTCUSD

DOGEUSD

ETHUSD

GOOGL

NVDA

TSLA

The article covers a range of topics including the drop in Bitcoin, Ethereum, and Dogecoin due to inflation concerns, Ethereum's significant market cap gains, and the reactivation of dormant crypto wallets. It also discusses the potential approval of an Ethereum spot ETF, Nancy Pelosi's vote for a crypto bill, and various political and economic updates. Additionally, it highlights Nvidia's positive market impact, Tesla's hiring and production strategies, and Google's acquisition of HubSpot.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 2:33 pm

BLK

ETHUSD

Ondo Finance (ONDO) is being highlighted as a strong Ethereum (ETH) beta ahead of the Spot Ethereum ETF decision. BlackRock's CEO Larry Fink has hinted at the tokenization of financial assets, and Ondo Finance has shifted its OUSG token backing to BlackRock’s BUIDL tokenized fund. Ondo Finance's total value locked peaked at $453 million, and large transaction volumes have surged.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 2:33 pm

SPY

UNG

USO

The USA reported a natural gas storage build of 78 billion cubic feet, which is lower than the estimated build of 84 billion cubic feet but higher than the prior build of 70 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:31 pm

LIDR

AEye's (NYSE:LIDR) short interest has fallen by 38.54%, with 3.78% of its shares sold short. This decrease in short interest could indicate a shift in market sentiment towards a more bullish outlook. AEye's short interest is higher than its peer group average of 2.54%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 2:30 pm

AZEK

AZEK Co's short interest has fallen by 5.35%, with 4.06 million shares sold short, representing 2.83% of its float. This is lower than the peer group average of 3.64%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 2:30 pm

ONMD

OneMedNet shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:30 pm