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CYN

Cyngn Inc's stock (NASDAQ:CYN) plummeted by 48% to $0.21 after the company announced a public stock offering priced at approximately $5.0 million. The offering includes over 33 million shares of common stock and pre-funded warrants at $0.15 per share or $0.14999 per pre-funded warrant. The closing date is scheduled for December 12, subject to standard closing conditions. Cyngn plans to use the proceeds for general corporate purposes and working capital. The company specializes in autonomous vehicle technology for industrial use. CYN's 52-week trading range is between $0.17 and $1.38.

Portfolio Pulse from Henry Khederian

December 08, 2023 | 4:58 pm

CYN

Cyngn Inc. has announced the pricing of a $5 million public offering of its common stock, which has led to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 4:57 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) reported Q3 revenue of $2.2 billion, a 19% increase YOY, surpassing estimates of $2.19 billion. Earnings were $2.53 per share, beating the $2.28 consensus. The company announced a $1 billion share buyback program but provided Q4 guidance slightly below estimates. Analysts from JP Morgan, Needham, Barclays, Keybanc, Morgan Stanley, and Deutsche Bank raised their price targets on LULU. LULU shares rose nearly 3% to $478.00.

Portfolio Pulse from Erica Kollmann

December 08, 2023 | 4:45 pm

GTES

Gates Industrial Corporation plc (NYSE:GTES) stock fell by 4.4% after the announcement of a secondary offering of 15 million shares by selling stockholders affiliated with Blackstone Inc. The underwriters have a 30-day option to buy an additional 2.25 million shares. Gates will not offer any shares nor receive proceeds from the sale. The offering will close on December 13.

Portfolio Pulse from Henry Khederian

December 08, 2023 | 4:31 pm

ZI

ZoomInfo Technologies (NYSE:ZI) has experienced a 14.45% increase in short interest since its last report, with 15.89 million shares sold short, representing 5.07% of its float. The short interest is below the peer group average of 6.19%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:15 pm

META

The analysis compares Meta Platforms (NASDAQ:META) with competitors in the Interactive Media & Services industry, focusing on financial metrics like P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Meta has a lower P/E ratio than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher, indicating possible overvaluation. Meta's ROE, EBITDA, gross profit, and revenue growth are significantly above the industry average, reflecting strong profitability and growth prospects. The company also has a lower debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:01 pm

PLTR

The article provides an in-depth competitor analysis of Palantir Technologies (NYSE:PLTR) against its peers in the Software industry. It evaluates financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, revenue growth, and debt-to-equity ratio. Palantir shows a high P/E ratio, suggesting a premium valuation, a lower P/B ratio indicating potential undervaluation, and a high P/S ratio which could mean overvaluation relative to sales. The company's ROE is below the industry average, indicating potential inefficiency, and its EBITDA and gross profit are also below the industry average. However, Palantir's revenue growth exceeds the industry average, showing strong sales expansion. The company has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:00 pm

AMZN

A comparative study of Amazon.com (NASDAQ:AMZN) and its competitors in the Broadline Retail industry reveals that Amazon has a high P/E, P/B, and P/S ratios, indicating a premium market valuation. Despite this, Amazon shows strong profitability with higher ROE, EBITDA, and gross profit compared to industry averages. However, its revenue growth is lower than the industry average. The company's lower debt-to-equity ratio suggests a strong financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:00 pm

LULU

Lululemon's stock is trading higher following a Q3 earnings beat and the announcement of a $1 billion buyback program. The initial drop in stock price after the report was likely due to Q4 guidance falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:17 pm

KMB

Senator Sheldon Whitehouse reported selling $50,001 - $100,000 worth of Kimberly-Clark (NYSE:KMB) stock on December 7, 2023, according to a Periodic Transaction Report. While congressional transactions can be a factor for investors to consider, they should not be the primary basis for investment decisions. The STOCK Act prohibits Congress members from using non-public information for personal gain in stock trading.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm