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AMC

GME

Crypto trader Kaleo believes Dogecoin (DOGE) will see a resurgence due to renewed risk appetite in the retail sector, as evidenced by the performance of GameStop (GME) and AMC (AMC). He predicts Dogecoin will move vertically once it gains momentum.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 2:50 pm

CYTK

Cytokinetics CEO Robert Blum emphasized the company's ability to independently launch its heart drug, aficamten, despite acquisition speculation following positive Phase 3 results. Investors are concerned about the biotech's resources to compete with larger pharma companies.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:50 pm

HDL

Super Hi International shares were halted on a circuit breaker due to a significant upward movement.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:49 pm

HDL

Super Hi International's IPO shares opened for trade at $27 per share, significantly higher than the IPO price of $19.56 per share.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 2:48 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has seen a 39.33% increase in its short percent of float, now at 12.01% of all regular shares available for trading. This is significantly higher than its peer group average of 2.48%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

GSK

HLN

PFE

GSK plc (NYSE:GSK) has sold its remaining 4.2% stake in Haleon plc (NYSE:HLN) for $1.58 billion, fully exiting its position. This follows a series of disposals since Haleon's demerger and premium listing in July 2022. Pfizer Inc (NYSE:PFE) also plans to reduce its stake in Haleon to approximately 24%.

Portfolio Pulse from Vandana Singh

May 17, 2024 | 2:45 pm

INDO

Indonesia Energy Corp (NYSE: INDO) has seen a significant rise in its short interest, with a 557.65% increase since its last report. The company now has 266 thousand shares sold short, representing 5.59% of its float. This is higher than the peer group average of 1.83%.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

DT

Dynatrace's (NYSE:DT) short interest has fallen by 16.72%, with 6.09 million shares sold short, representing 2.49% of its float. This is lower than the peer group average of 3.69%. The decrease in short interest could indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

GM

General Motors (GM) and LG Energy Solution have agreed to establish a $150 million fund to support Chevrolet Bolt EV owners impacted by faulty batteries. This settlement aims to provide financial relief to affected vehicle owners and resolves class action litigation linked to battery recalls. GM shares traded lower by 0.11% following the news.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 2:43 pm

AMZN

GOOG

GOOGL

MSFT

UBER

TikTok is testing the ability for users to upload 60-minute videos, challenging platforms like YouTube. This move could allow for full TV episodes on TikTok and enhance user experience with features like horizontal full-screen viewing. The news also mentions Amazon's Twitch, Microsoft's LinkedIn, and Uber Eats exploring similar short-form video features.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 2:40 pm