Streetbeat News

Stock Prices

OKTA

Okta shares are trading lower following Q1 earnings. The stock initially gained on the report but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:47 pm

NIO

NIO Inc. (NYSE:NIO) has partnered with SAIC Motor's IM Motors to integrate their EV charging networks, enhancing NIO's already extensive charging infrastructure in China. This collaboration allows IM Motors users to access NIO's charging stations, providing real-time information and seamless payment options. NIO's stock saw a slight increase following the news.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 1:45 pm

AMR

Alpha Metallurgical (NYSE:AMR) has seen a 9.28% increase in its short percent of float, now at 15.66%. This indicates a bearish sentiment among investors, as it would take 6.76 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 5.50%.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 1:45 pm

KMI

Kinder Morgan's (NYSE:KMI) short interest has risen by 7.49%, with 47.13 million shares sold short, representing 2.44% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 4.13%.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 1:45 pm

SLGWF

SLANG Worldwide Inc. reported a 35% YoY drop in Q1 revenue, citing increased competition in core markets and a decline in the overall cannabis market in Colorado. However, the company saw improvements in its e-commerce segment and Vermont wholesale channel. Despite a decrease in gross profit and an adjusted EBITDA loss, SLANG reduced operating expenses and increased sales in new channels.

Portfolio Pulse from Nina Zdinjak

May 30, 2024 | 1:43 pm

BBY

Best Buy shares are trading higher following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:42 pm

MAXN

Maxeon Solar Technologies has resumed trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:41 pm

ADBE

CRM

CRWD

DOCU

HUBS

INTU

MDB

NET

NOW

ORCL

PANW

SAP

WDAY

Shares of software stocks are trading lower, possibly following weak guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:40 pm

MAXN

Maxeon Solar Technologies shares were halted on a circuit breaker due to a significant drop, with the stock now down by 50.16%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:37 pm

BURL

Burlington Stores (NYSE:BURL) reported better-than-expected Q1 fiscal 2024 results, with revenue, EPS, and gross margin all surpassing consensus estimates. The company also revised its full-year earnings guidance upwards, leading to a 17.3% increase in its stock price.

Portfolio Pulse from Akanksha Bakshi

May 30, 2024 | 1:35 pm