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AI News – Business (5/15/2024)

Title: Meme stock mania is back: Why everyone is talking about GameStop, AMC and more again
Summary: GameStop, AMC Entertainment Holdings, Blackberry and headphone-maker Koss Corp. are all on fire, literally! One of the meme-stock cheerleaders just posted a meme saying they’re back in action on Monday. Let’s hope they don’t burn down the stock market!

Title: Five things to know about meme stocks like GameStop and AMC – and why they’re hot again
Summary: Roaring Kitty is the star of the meme-stock show, and GameStop is just one of its many fans. Even though GameStop didn’t reveal any new business news, it still managed to get a boost from its loyal followers. Looks like Roaring Kitty knows how to make a comeback!

Title: Micron executive sells over $4.9 million in company stock By Investing.com
Summary: Manish Bhatia, the Executive Vice President of Global Operations at Micron Technology Inc (NASDAQ: ), decided to part ways with 40,650 shares of the company’s common stock. The sale, which took place on May 10, was reported at a weighted average price of $120.89 per share, bringing the total value of the transaction to approximately $4.9 million. Manish must have been feeling pretty good about himself after selling off such a large chunk of his investment.

Title: Telos (NASDAQ:TLS) Stock Rating Reaffirmed by Needham & Company LLC
Summary: Telos (NASDAQ:TLS) is on fire! Stock analysts at Needham  Company LLC just gave it a “hold” rating, and other analysts are jumping on the bandwagon. Telos has an average rating of “Moderate Buy” and a price target of $5.00. Looks like Telos is the hot new stock to watch!

Title: 13 Stocks With Strong Institutional Buying
Summary: NVIDIA Corporation: The company that makes your games look awesome, your videos run smoothly, and your graphics cards don’t break the bank. Microsoft Corporation: The company that makes your software work, your devices connect, and your cloud storage never crashes. Apple Inc: The company that makes your devices look cool, your apps run fast, and your accessories are a must-have.

Title: Buy Cholamandalam Investment and Finance Company; target of Rs 1455: KR Choksey
Summary: CIFC rocked the charts with a stellar performance, and it was a hit across all the numbers. Net Interest Income (NII) for Q4FY24 soared to INR 23,548 Mn, a whopping 33.4% YoY growth (+8.5% QoQ) NII was way above our expectations, thanks to the massive AUM growth.

Title: Is Cellebrite DI Ltd. (CLBT) Stock Outpacing Its Business Services Peers This Year?
Summary: Since 1988, the S 500 has been on a roll, doubling its value with an average gain of +24.20% per year. That’s like getting a raise every month! And get this, these returns cover a whopping 25 years, from January 1, 1988 to April 1, 2024. But wait, there’s more! Only the best stocks, the Zacks Rank ones, were included in the calculations. So, if you want to be a part of this winning streak, make sure to invest in Zacks Rank stocks.

Title: SentinelOne CEO sells over $1.3 million in company stock By Investing.com
Summary: Tomer Weingarten, the President and CEO of SentinelOne, Inc., has been busy selling off some of his company’s Class A Common Stock. In fact, he’s sold a whopping 60,864 shares! And get this, he did it all in just one day, on May 13, 2024. The prices he got for each share ranged from $21.19 to $21.755. How’s that for a hot stock? And the best part? He did it all under a prearranged 10b5-1 trading plan. Talk about insider trading!

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