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VCNX

Orin Hirschman has acquired a 9.9% passive stake in Vaccinex (VCNX) as of September 28, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:36 pm

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WBA

Several companies are in the news for various reasons. Alphabet and Discord are facing ethical concerns over Google's AI chatbot, Bard. MGM Resorts snubbed hackers' ransom demands after a cyberattack. Costco is accused of sharing confidential health data with Meta Platforms. Humana has appointed a new CEO. Novo Nordisk has stopped a kidney trial due to early signs of efficacy. Walgreens has appointed a new CEO. GSK has settled a lawsuit. LVMH reported a 9% organic revenue growth in Q3. Qantas Airways is overhauling its board. Tempest Therapeutics' stock soared after positive results from a clinical trial. Tech giants Baidu, Huawei, and Alibaba are setting standards for autonomous driving in China. Blackstone is in talks to acquire a stake in Disney's Indian subsidiary. Mallinckrodt's bankruptcy plan was approved. Birkenstock has priced its IPO.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 1:36 pm

CAG

COTY

FNKO

Insiders at Funko, Inc. (NASDAQ:FNKO), Conagra Brands, Inc. (NYSE:CAG), and Coty Inc. (NYSE:COTY) have recently made notable purchases of their companies' stocks. Funko's 10% owner acquired shares worth around $1.54 million, despite the company's recent earnings miss and weak guidance. Conagra Brands' Director bought shares worth around $252,290 following the company's upbeat earnings report for its first quarter. Coty's Director purchased shares worth around $50,138 as the company priced its global offering of 33 million outstanding Class A common stock at $10.80.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 12:58 pm

AAPL

AMZN

CRWD

JBL

Insiders at Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), CrowdStrike Holdings, Inc. (CRWD), and Jabil Inc. (JBL) have recently sold shares. The reasons for these sales could range from preplanned transactions to concerns about the company's prospects or the belief that the stock is overpriced. However, insider sales should not be the sole indicator for investment or trading decisions.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 12:01 pm

DERM

GNSS

NTWK

SPWH

Insiders at four companies, Genasys Inc. (GNSS), NetSol Technologies, Inc. (NTWK), Sportsman's Warehouse Holdings, Inc. (SPWH), and Journey Medical Corporation (DERM), have recently purchased shares, indicating their confidence in the companies' prospects. Genasys announced a $1 million contract with the U.S. Army, while NetSol reported a decrease in fourth-quarter EPS results and issued FY24 revenue guidance. Sportsman's Warehouse reported worse-than-expected second-quarter earnings, and Journey Medical entered into an exclusive license agreement with Maruho Co., Ltd.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 11:27 am

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MRTX

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TSLA

The article covers a range of topics including the impact of the Israel-Hamas conflict on airlines and the stock market, insider trading in Howard Hughes, Tesla and Mirati Therapeutics stocks moving lower, and the potential of Bitcoin as an inflation hedge. It also mentions a strike by 4,000 UAW members at Volvo's Mack Trucks, and Disney's stock resilience amid a broader sell-off.

Portfolio Pulse from Akanksha Bakshi

October 09, 2023 | 1:03 pm

CAPR

CVKD

INKT

KIRK

Insiders at Cadrenal Therapeutics, MiNK Therapeutics, Kirkland's, and Capricor Therapeutics have recently purchased shares in their respective companies. Cadrenal Therapeutics is developing a novel therapy for the prevention of systemic thromboembolism. MiNK Therapeutics posted a narrower-than-expected Q2 loss. Kirkland's reported weaker-than-expected Q2 FY23 results. Capricor Therapeutics announced a $23 million registered direct offering.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:52 pm

INTU

JWN

MRNA

PDCO

Insiders at Moderna, Inc. (MRNA), Patterson Companies, Inc. (PDCO), Intuit Inc. (INTU), and Nordstrom, Inc. (JWN) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overvaluation, they should not be the sole basis for investment decisions. Moderna announced positive data for its combination flu and Covid-19 vaccine, Patterson Companies reported Q1 net sales of $1.58 billion, Intuit reported Q4 EPS of $1.65 and sales of $2.71 billion, and Nordstrom reported Q2 earnings of 84 cents per share.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:24 pm

COTY

CTRN

HHH

STAA

Insiders at STAAR Surgical Company (STAA), Howard Hughes Holdings Inc (HHH), Citi Trends, Inc. (CTRN), and Coty Inc. (COTY) have recently made significant purchases of their companies' stocks. STAAR Surgical posted better-than-expected Q2 earnings, Howard Hughes announced a spinoff of a new division, Citi Trends reported a decrease in Q2 FY23 sales but beat analyst estimates, and Coty priced a global offering of 33 million outstanding Class A common stock.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 10:39 am

MSS

Maison Solutions (NASDAQ:MSS), a specialty grocery retailer, went public in May 2023, offering 2.50 million shares at $4.00 per share. On its first day of trading, the stock rose 124.00% to close at $8.96. The company has an insider lock-up period of 180 days, ending on April 02, 2024, during which major shareholders cannot sell their shares. Traders may short the stock leading up to the lockup-period expiration date.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:30 pm