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Stock Prices

PRFT

Perficient, Inc. (NASDAQ:PRFT) is set to be acquired by an affiliate of BPEA Private Equity Fund VIII, part of EQT AB, in an all-cash transaction valued at approximately $3.0 billion. Stockholders of Perficient will receive $76.00 per share in cash, a 75% premium over the closing stock price on April 29, 2024, and a 51% premium to the 30-day volume-weighted average share price ending on that date.

Portfolio Pulse from Charles Gross

May 05, 2024 | 11:13 pm

AMGN

ARKG

Ark Invest, led by Cathie Wood, acquired $3.54M in Amgen shares after the biopharma company announced progress in its obesity drug pipeline. The purchase increased Amgen's weighting in the ARK Genomic Revolution ETF (ARKG) to 1.06%. Amgen's update included a focus on MariTide, an injectable obesity drug, with Phase 2 trial results expected in late 2024. The obesity drug market is valued at $100 billion. ARKG's stock rose 3.51% following the news.

Portfolio Pulse from Shanthi Rexaline

May 05, 2024 | 7:16 pm

BTCUSD

DOGEUSD

SOLUSD

The article discusses the reasons behind the growing fatigue among cryptocurrency investors, highlighting the emotional rollercoaster caused by the volatile crypto market. It mentions Tesla's adoption of Dogecoin (DOGE), the performance of Bitcoin (BTC), and the rise of meme coins like dogwifhat (WIF) and Solana (SOL). Despite the market's ups and downs, the article advises against giving up on crypto, citing long-term trends and offering tips from experienced traders on managing the emotional challenges of crypto investing.

Portfolio Pulse from Ivan Crnogatić

May 05, 2024 | 6:53 pm

NNE

PAL

SVCO

The upcoming week sees three companies, Silvaco Group, Inc (NASDAQ:SVCO), Proficient Auto Logistics, Inc (NASDAQ:PAL), and Nano Nuclear Energy Inc (NASDAQ:NNE), scheduled for their IPOs. Silvaco Group is set to offer 6 million shares at $18.00 each, Proficient Auto Logistics will offer 14.33 million shares at $15.00 each, and Nano Nuclear Energy will offer 3 million shares at $5.00 each. All companies have a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

May 05, 2024 | 6:40 pm

HIMS

Hims & Hers Health Inc. (NYSE:HIMS) stock dropped 8% after CEO Andrew Dudum expressed support for pro-Palestinian protesters, causing controversy. The stock slightly recovered by 0.89% in after-hours trading. Dudum's comments on X (formerly Twitter) have drawn criticism from notable figures. Prior to this, the company had bullish investor sentiment and a positive analyst outlook, but this incident could affect future projections.

Portfolio Pulse from Bibhu Pattnaik

May 05, 2024 | 3:01 pm

INTC

META

PLTR

TSLA

This week in AI news, Elon Musk and Mark Zuckerberg were noted for their absence from a new AI Safety Institute, while Cathie Wood's Ark Invest made significant trades in Palantir and Meta Platforms. Intel Corp gained popularity among Redditors despite setbacks, and tech reviewer MKBHD reviewed the Rabbit R1 AI device critically. Musk expressed mixed feelings about AI investment, responding to forecasts by Peter Diamandis.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 11:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) experienced a mixed week with Q2 earnings surpassing expectations, a $110 billion stock buyback announcement, and a dividend increase, despite a slump in iPhone sales and criticism of Siri. The earnings beat and buyback announcement led to a 3.5% stock rise, while iPhone sales dropped 16% year-on-year in Q1 2024. Elon Musk commented negatively on Siri, and a new leak provided details on the iPhone 16.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 10:00 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The cryptocurrency market experienced a volatile week, with Shiba Inu's burn rate surging by 800%, leading to positive sentiment and price increases. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin faced heavy losses in April but saw a rally as market sentiment improved in May. The article also discusses the potential fading of certain altcoins in favor of stronger performers and Bitcoin, and speculates on the future performance of Dogecoin and Shiba Inu.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 5:15 am

FSR

KARS

RIVN

TSLA

Tesla's visit to China and potential FSD approval led to a stock surge, while Rivian received an $827 million incentive from Illinois. Fisker faces legal issues and potential bankruptcy. Chinese EV startups and Ford reported strong sales, boosting their stocks. The KraneShares EV ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 9:09 pm

DOGEUSD

FLOKIUSD

PEPEUSD

Over the weekend, meme coins experienced significant gains, led by Dogwifhat (WIF), with Dogecoin (DOGE), Floki (FLOKI), and Pepe (PEPE) also posting double-digit increases. The rally was attributed to sustained strength in the cryptocurrency market, influenced by the Federal Reserve's rate decision and dovish comments by Jerome Powell. Reports of Tesla accepting Doge for payments on its online shop contributed to the momentum, alongside predictions of a bull run for Doge by crypto analyst Ali Martinez.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 8:44 pm