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SPOT

Spotify shares are trading higher following reports that the company plans to increase its monthly subscription prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:20 pm

F

Ford Motor Co reported an 86.1% increase in Q1 U.S. EV sales, totaling 20,223 units. Overall, Q1 U.S. vehicle sales rose by 6.8% to 508,083 units. The company anticipates continued growth in hybrid sales, particularly with more shipments of the new F-150 Hybrid to dealers.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:20 pm

LGVC

LAMF Global Ventures Corp. I (LGVC) shares are experiencing an uptick following shareholder approval of its business combination with Nuvo. This strategic move is anticipated to enhance LGVC's market position and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:20 pm

AAPL

AI

DJT

GLD

INTC

NKLA

NVDA

RILY

TSLA

TSM

The top 10 trending stocks on WallStreetBets as of April 3, 2024, include TSM, NVDA, TSLA, INTC, AAPL, DJT, RILY, NKLA, GLD, and AI, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:18 pm

KTRA

Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares surged 129% in premarket trading on news of a definitive merger agreement with TuHURA Biosciences. The merger aims to advance personalized cancer vaccines and bi-functional ADCS, with the combined entity to operate under TuHURA Biosciences, Inc. and trade under the ticker 'HURA'. The merger is supported by a $31 million financing from TuHURA, expected to fund operations through late 2025. Kintara equityholders will own approximately 2.85% of the combined company, or about 5.45% including CVR shares.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 1:17 pm

VVPR

VivoPower International PLC (NASDAQ:VVPR) announced a capital management strategy including a stock buyback program of up to $5 million, expiring on April 3, 2025. The program, which may be adjusted or terminated at the Board's discretion, aims to repurchase the company's common stock using proceeds from business and asset divestitures. The repurchases are subject to market conditions, legal and regulatory requirements, shareholder approval, and financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:16 pm

TSLA

Tesla reported an 8.5% year-on-year decline in Q1 deliveries, marking its first quarterly drop in about four years. CEO Elon Musk has been vocal on various topics but mostly silent on Tesla's delivery performance, only criticizing investor Ross Gerber for blaming the company's board. Meanwhile, Tesla's key rival, BYD, saw a 13.4% year-on-year increase in BEV sales, though it experienced a 43% quarter-over-quarter drop. Despite this, Tesla remains the only one of the two to report both a year-on-year and quarter-over-quarter drop in sales.

Portfolio Pulse from Anan Ashraf

April 03, 2024 | 1:14 pm

CALC

RCG

Insiders at CalciMedica, Tecogen, and RENN Fund have recently made significant stock purchases. CalciMedica's Chief Business Officer acquired shares at an average price of $3.90, following a Q4 loss report. Tecogen's Director bought shares at $0.70 each after announcing Q4 revenues and a net loss. RENN Fund's President and CEO purchased shares at $1.56 each, with the stock gaining 5% over the past month. These transactions may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:13 pm

TSLA

JP Morgan analyst Ryan Brinkman has maintained an Underweight rating on Tesla (NASDAQ:TSLA) and reduced the price target from $130 to $115.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:11 pm

BSET

Bassett Furniture Industries (BSET) reported a Q1 2024 GAAP EPS of $(0.14), missing the $0.01 estimate, and sales of $86.554M, missing the $90.890M estimate. This represents a 19.63% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:09 pm