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Equity Actions

NVOS

Novo Integrated Sciences announced a 1-for-10 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:05 pm

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split is expected to become effective after the close of trading on November 6, 2023, and the stock will begin trading on a split-adjusted basis on November 7, 2023. The company believes this move will help attract a broader group of investors.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:45 pm

WBD

A large investor has taken a bullish stance on Warner Bros. Discovery (NASDAQ:WBD), with Benzinga's options scanner spotting 12 uncommon options trades for the company. The sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $11.5 to $15.0 for Warner Bros. Discovery over the last 3 months. UBS, Goldman Sachs, and Barclays have maintained their ratings on the company, with price targets of $13 and $17.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:30 pm

PANW

Investor Business Daily SwingTrader has reportedly sold its stock in Palo Alto Networks (PANW).

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:20 pm

BMBL

Bumble Inc (NYSE:BMBL) shares are trading lower after the company announced a CEO transition. Founder and CEO Whitney Wolfe Herd will step down and become executive chair, with Slack CEO Lidiane Jones succeeding her effective Jan. 2, 2024. The news comes ahead of Bumble's Q3 earnings report, with analysts expecting earnings of 7 cents per share and revenue of $276.971 million.

Portfolio Pulse from Adam Eckert

November 06, 2023 | 4:19 pm

DBGI

Digital Brands Group (DBGI) announced a review of strategic alternatives, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:19 pm

BMBL

Bumble Inc. announced that Whitney Wolfe Herd will step down as CEO and transition to the role of Executive Chair. Following the news, Bumble's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:17 pm

XEL

Xcel Energy Inc.'s shares are currently trading at $61.12, after a 0.15% increase. Over the past month, the stock has risen by 4.93%, but it has decreased by 7.82% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Electric Utilities industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:15 pm

UBER

A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $35.0 to $60.0 for Uber over the last 3 months. Seaport Global downgraded its action to Buy with a price target of $51, while Keybanc upgraded its action to Overweight with a price target of $60. The price of UBER is up 0.48% at $47.98.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:01 pm

CVX

A whale investor has taken a bullish stance on Chevron (NYSE:CVX), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $130.0 to $175.0 for Chevron over the last 3 months. Chevron's current price is up 0.76% at $148.73. RBC Capital, Morgan Stanley, Raymond James, Bernstein, and B of A Securities have all given positive ratings and price targets for Chevron.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:01 pm