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MUFG

Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) stock is currently trading at $8.79, down 1.12% in the current session, but up 1.03% over the past month and 28.32% over the past year. The company's P/E ratio of 8.64 is lower than the Banks industry average of 14.58, which could suggest the stock is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:15 pm

ACRX

AcelRx Pharmaceuticals has announced a rebranding initiative, including a name change to Talphera. The company will start trading on Nasdaq under the new ticker symbol 'TLPH' starting January 10, 2024. This rebranding signifies a new phase for the company as it collaborates with the medical community to develop innovative solutions for medically supervised settings.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:11 pm

PFE

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Pfizer (NYSE:PFE) and maintained a $45 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:10 pm

NFLX

Netflix Inc (NASDAQ:NFLX) stock is trading lower after Citigroup downgraded the company from a Buy to a Neutral rating with a price target of $500. BMO Capital initiated coverage with an Outperform rating and a price target of $566, while Goldman Sachs maintained a Neutral rating and raised their price target from $400 to $500. The average analyst price target is $436.03. Netflix is expected to report Q4 earnings of $2.21 per share on revenue of $8.705 billion. The stock was down 1.76% at $476.50.

Portfolio Pulse from Adam Eckert

January 09, 2024 | 2:10 pm

MCRB

Seres Therapeutics' stock is up following the announcement of preliminary VOWST launch metrics and FDA Fast Track Designation for its SER-155 treatment.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:08 pm

GRFS

Gotham City Research has released a short report accusing Grifols SA (NASDAQ:GRFS) of manipulating its financial statements to artificially lower its leverage ratio. The report suggests that Grifols' actual leverage could be between 10x-13x, rather than the reported 6x. Grifols has categorically denied the allegations, stating the report contains false information. Following the report, GRFS shares dropped 38.50% in premarket trading.

Portfolio Pulse from Vandana Singh

January 09, 2024 | 2:07 pm

MRK

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Merck & Co (NYSE:MRK) and maintained a price target of $135.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:06 pm

RGLD

Royal Gold, Inc. (RGLD) reported sales of approximately 49,900 gold equivalent ounces for Q4 2023, including 39,100 ounces of gold, 556,300 ounces of silver, and 1,100 tonnes of copper. The realized prices were $1,955/oz for gold, $23.18/oz for silver, and $8,136/tonne for copper. The cost of sales was about $417 per GEO. Q4 results will be released on February 14, 2024, with a conference call on February 15.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:06 pm

ADMQ

OPK

XXII

Insiders at four companies have recently made notable purchases of their own stock, indicating potential confidence in their respective companies' prospects. Earth Science Tech Director Yovan A. Sanchez bought 50,000 shares, 22nd Century Group Director Andrew Arno acquired 100,000 shares, ADM Endeavors CEO Marc Johnson purchased 453,206 shares, and OPKO Health's 10% owner and Vice Chairman/CTO made significant purchases totaling 1,650,010 shares. These transactions can be a factor for investors considering penny stocks.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 2:03 pm

ILMN

Illumina has reported preliminary consolidated revenue for 2023 at $4.497 billion, which is slightly higher than the estimated $4.45 billion.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:02 pm