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AFRM

Affirm shares are trading lower due to volatility following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:59 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares surged over 50% in the past five days, attributed to the announcement of a new commercial dealer, National Auto Fleet Group, and a service agreement between its subsidiary Bollinger Motors and Amerit Fleet Solutions. The stock experienced heavy trading volume, with over 13.5 million shares traded, significantly above its 100-day average. The high short interest in MULN shares also contributed to the stock's volatility.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 4:57 pm

AAPL

NVDA

VGT

XLK

Apple Inc (NASDAQ:AAPL) has seen a 12% increase in iPhone shipments in China for March, following price cuts by the company and its Chinese retailers. This growth comes after a significant sales decline, with Apple facing competition from local brands and geopolitical challenges, including a U.S. chip ban affecting companies like Nvidia Corp (NASDAQ:NVDA). Despite these obstacles, Apple's strategic pricing adjustments have led to a rebound in its Chinese market share. Additionally, Apple's stock and exposure through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Select Sector Fund - Technology (NYSE:XLK) are highlighted, with AAPL shares experiencing a slight decrease in recent trading.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 4:55 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) is in focus ahead of its Q1 earnings report, with analysts expecting a loss of 79 cents per share and revenue of $871.002 million. The company previously reported better-than-expected results and anticipates a Q1 loss of 62 cents per share with $951.4 million in revenue, despite challenges from the Hollywood strikes. AMC's CEO remains optimistic about future box office performance. Wedbush maintains a Neutral rating with a $4 price target on AMC stock, which saw a 1.16% increase to $3.23 ahead of the earnings announcement.

Portfolio Pulse from Adam Eckert

May 08, 2024 | 4:55 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) shares surged after announcing positive results from its pilot study on non-invasive cervical vagus nerve stimulation (ncVNS), showing effectiveness in major disease areas. The study's success and heavy trading volume, with over 20.6 million shares traded compared to a 100-day average of less than 112,000, highlight investor interest. Tivic Health does not pay dividends but engages in other value-returning activities.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 4:53 pm

GOOG

RDDT

Reddit Inc (NYSE:RDDT) shares increased after reporting strong Q1 results, surpassing expectations with $243 million in revenue and $10 million in EBITDA. Analysts from BofA Securities, Goldman Sachs, and Needham have updated their ratings and price targets, highlighting Reddit's robust business model, strong user growth, and advertising revenue increase. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) was mentioned in relation to data deals contributing to Reddit's performance.

Portfolio Pulse from Priya Nigam

May 08, 2024 | 4:52 pm

FREY

FREYR Battery's stock price increased following the announcement of its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:51 pm

VIGL

Vigil Neuroscience shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:49 pm

MSGM

Motorsport Games' stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:48 pm

CZOO

Cazoo shares are trading lower following the company's announcement that it may consider filing for administration or winding up if some of its units file for administration or liquidation.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:45 pm