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ASUR

Asure Software's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:22 pm

IBRX

MRK

ImmunityBio Inc (NASDAQ:IBRX) announced an exclusive global supply agreement with the Serum Institute of India for Bacillus Calmette-Guerin (BCG) to address shortages for its bladder cancer combination therapy with Anktiva. The FDA approved Anktiva plus BCG for certain bladder cancers in April. The deal includes the supply of standard BCG and a next-generation recombinant BCG for clinical trials and future indications. ImmunityBio's shares slightly declined following the announcement.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 4:19 pm

AWRE

Aware Inc. shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:17 pm

AAL

Significant investors have taken a predominantly bearish stance on American Airlines Gr (NASDAQ:AAL), as revealed by options data monitored by Benzinga. The data shows a mix of sentiment but leans heavily towards bearish with 77% of the options being puts. The options transactions suggest these investors are preparing for price movements within a range of $11.5 to $25.0. The largest trades include both puts and calls with varying sentiments and strike prices. American Airlines, known for its extensive fleet and major US hubs, has seen its stock price slightly increase by 0.07%, with an RSI indicating it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:16 pm

PLTR

Recent options trading activity for Palantir Technologies (NYSE:PLTR) shows a bearish sentiment among investors, with 66% of trades being bearish and 29% bullish. The trading volume and open interest suggest a price target range of $13.0 to $40.0. Notable trades include both bullish and bearish calls and puts, with a significant focus on strike prices between $20.00 and $27.00. Palantir's stock is currently up 2.39% at $23.09, with potential overbought signals and earnings expected in 3 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:15 pm

GME

High-rolling investors have shown a bullish sentiment on GameStop (NYSE:GME), with Benzinga's options scanner revealing 9 significant trades. The trades indicate a target price range of $10.0 to $40.0 for GME over the last 3 months. The volume and open interest in GME's options suggest increased liquidity and investor interest. Notable options activity includes a mix of bullish, bearish, and neutral sentiments, with a total trade price for calls at $371,209 and puts at $55,000. GameStop's current market status shows a trading volume of 6,970,199, with its price up by 5.49% at $13.46. An earnings announcement is expected in 33 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:15 pm

CLAR

Clarus Corporation's shares surged following the announcement of Q1 revenue results that exceeded expectations, along with the issuance of optimistic revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:13 pm

MMM

3M Co (NYSE:MMM) announced a $67 million expansion of its Nebraska facility to increase manufacturing capacity for personal safety products, including reusable respirators and PELTOR hearing protection. The expansion, expected to create 40 new jobs, is supported by the ImagiNE Nebraska Program. 3M recently reported a slight decline in net sales but beat consensus estimates with adjusted EPS of $2.39. Bill Brown has become CEO, with Mike Roman as Executive Chairman. MMM shares rose 0.38% to $97.18.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 4:10 pm

CLVR

USPS

Sannabis, Inc. (OTC:USPS), a Colombian cannabis company, has shipped its first batch of Cannabis Essential Oil to Boston, marking a significant milestone following the DEA's reclassification of marijuana. The product, NO LICK! Terpene Spray, will be available in Boston retail stores. This move is part of Sannabis's efforts to penetrate the U.S. market with innovative cannabis products. Additionally, U.S. food and beverage companies have shown interest in the company's essential oil for its aroma, flavoring, and therapeutic benefits. Meanwhile, Clever Leaves Holdings Inc. (CLVR) plans to delist from NASDAQ and deregister its securities as part of a restructuring plan.

Portfolio Pulse from Rolando García

May 03, 2024 | 4:10 pm

QQQ

TLT

The April jobs report showed slower job growth, a slight increase in unemployment, and cooling wage increases, leading to expectations of a Federal Reserve policy easing. The report, indicating a potential economic slowdown, has impacted Treasury yields and stock market ETFs positively, with the iShares 20+ Year Treasury Bond ETF (TLT) and the Invesco QQQ Trust (QQQ) experiencing gains. Analysts offer mixed views, with some seeing a 'Goldilocks' scenario favorable for the markets, while others express concerns about economic health and inflation.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 4:08 pm