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AMC

GME

GameStop shares fell sharply after the company announced preliminary quarterly results and a share offering. The company expects first-quarter revenue to be significantly lower than last year and plans to sell up to 45 million shares. Analysts and market commentators highlighted the risks of buying stocks based solely on momentum.

Portfolio Pulse from Chris Katje

May 17, 2024 | 2:26 pm

BRKR

Bruker Corporation's shares fell by 2.65% as the company began its investor webinar at 10:00 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:24 pm

ACB

AKAN

CGC

TLRY

Akanda Corp. (NASDAQ:AKAN) shares are trading higher amid increased volatility in marijuana stocks following President Biden's announcement that the Department of Justice is taking steps to reclassify marijuana from a Schedule I to a Schedule III substance. Major players like Canopy Growth Corporation (NASDAQ:CGC), Aurora Cannabis Inc. (NASDAQ:ACB), and Tilray Brands, Inc. (NASDAQ:TLRY) also saw their shares rise on the news.

Portfolio Pulse from Erica Kollmann

May 17, 2024 | 2:19 pm

SPY

Federal Reserve Governor Christopher Waller did not comment on the outlook for interest rates in his prepared speech. This leaves investors without new guidance on potential rate changes.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:17 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ:BNRG) shares surged after announcing a record project pipeline worth over $500 million, involving 49 potential contracts for its zero-emission heat technology. The company is progressing projects in 12 industries across 13 countries, with a significant portion in advanced negotiation stages.

Portfolio Pulse from Akanksha Bakshi

May 17, 2024 | 2:13 pm

DESP

DOCS

HOOD

RDDT

Despegar.com (NYSE:DESP) saw a significant rise in its stock price after reporting better-than-expected quarterly sales. Other stocks such as Doximity, Reddit, and Robinhood also recorded gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 2:11 pm

XPL

Solitario Resources (NYSE:XPL) has discovered multiple high-grade gold zones at its Golden Crest project in South Dakota, leading to a significant increase in its share price. The newly found zones, Holland, Top Dollar, and Wildcat, have shown remarkable gold values, and further drilling is planned for June. The stock has surged over 10% on this news and is up 64% year-to-date.

Portfolio Pulse from Stjepan Kalinic

May 17, 2024 | 2:11 pm

RFAIU

Trading halt status for IPO security RFAIU was updated at 10:10:00 AM ET, and it has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:10 pm

HDL

Trading halt status was updated at 10:10:00 AM ET for an IPO security, which has now been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:10 pm

AMGN

The FDA has granted accelerated approval to Amgen's drug Imdelltra for treating adult patients with extensive-stage small cell lung cancer (ES-SCLC) who have progressed after platinum-based chemotherapy. The approval is based on the response rate and duration of response observed in clinical studies. Continued approval may depend on further confirmatory trials. Imdelltra is the first DLL3-targeting Bispecific T-cell Engager therapy. Despite the positive news, AMGN shares traded lower by 0.94% at $311.75.

Portfolio Pulse from Vandana Singh

May 17, 2024 | 2:01 pm