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Stock Prices

CHWY

Chewy has agreed to repurchase 17,550,000 shares of its Class A common stock at $28.49 per share, a 5% discount to the previous closing price, totaling approximately $500 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:00 am

AYI

MU

NKE

TNXP

WBA

U.S. stock futures are trading lower this morning. Key stocks to watch include Walgreens Boots Alliance, Micron Technology, NIKE, Tonix Pharmaceuticals, and Acuity Brands. Walgreens and Acuity Brands are set to report earnings, Micron reported strong Q3 results but saw a share price drop, NIKE is expected to release earnings after market close, and Tonix Pharmaceuticals announced a public offering.

Portfolio Pulse from Avi Kapoor

June 27, 2024 | 6:59 am

WBTN

WEBTOON Entertainment Inc. has announced the pricing of its initial public offering (IPO) of 15,000,000 shares of common stock at $21.00 per share.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:49 am

TXO

TXO Partners announced the pricing of its public offering of 6,500,000 common units at $20.00 per unit, increasing the offering size from the previously announced 5,000,000 units.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:45 am

GOOG

GOOGL

SFTBF

SFTBY

SoftBank Group Corp. is investing $10-$20 million in Jeff Bezos-backed AI startup Perplexity AI, which aims to compete with Google's search engine. This investment is part of a larger $250 million funding round, tripling Perplexity's valuation to $3 billion. The move highlights SoftBank's renewed focus on AI after missing out on Nvidia's rally.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 6:42 am

TSLA

Former Tesla executive Martin Viecha praised the Model 3 Performance for its speed and affordability, comparing it to a Porsche. Despite considering other EV brands, Viecha chose Tesla for its Full Self-Driving (FSD) capabilities. The Model 3 Performance starts at $54,990, accelerates from 0 to 60 mph in under 3 seconds, and is eligible for a $7,500 federal EV tax credit.

Portfolio Pulse from Anan Ashraf

June 27, 2024 | 6:09 am

LLY

NVO

UL

Ben & Jerry's co-founders are not concerned about the impact of weight-loss drugs on their ice cream business, despite Unilever's plans to spin off its ice cream division. They believe ice cream is more about enjoyment than nutrition. Meanwhile, companies like Eli Lilly and Novo Nordisk are seeing increased demand for weight-loss drugs.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 5:38 am

MARA

Kaspa (KAS) surged 11% after Marathon Digital Holdings (MARA) announced it was mining the cryptocurrency to diversify from Bitcoin. Marathon has mined $16.74 million worth of KAS, amid challenging conditions for Bitcoin miners post-halving.

Portfolio Pulse from Aniket Verma

June 27, 2024 | 5:32 am

BA

SPR

Boeing has refuted claims that NASA astronauts are stranded on its Starliner spacecraft, despite a delayed return from the ISS. The delay comes amid ongoing safety controversies for Boeing, including scrutiny over its 737 Max aircraft. Boeing's proposed acquisition of Spirit Aerosystems is seen as a positive move for recovery.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 3:47 am

MU

Micron Technology Inc. (NASDAQ:MU) saw an 8% drop in after-hours trading following its latest earnings report. Despite this, Gene Munster of Deepwater Asset Management remains optimistic about Micron's AI prospects, highlighting a projected 10-15% increase in High Bandwidth Memory (HBM) revenue next year. Micron's third-quarter earnings exceeded expectations, with $6.81 billion in revenue and 62 cents per share in adjusted earnings. The company plans to ramp up HBM production, aiming for a 20% market share next year.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 3:46 am