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Stock Prices

BCAB

JMP Securities analyst Reni Benjamin has reiterated a 'Market Outperform' rating on BioAtla (NASDAQ:BCAB) and maintained a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:17 pm

GVA

Granite Construction Incorporated (NYSE:GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, expanding its footprint in the Memphis market. The acquisition prompts Granite to increase its 2024 revenue target to $3.8B-$4B. The acquisition is expected to be accretive to EBITDA, but the 2024 adjusted EBITDA margin target remains at 9%-11%. The acquisition was financed through a new $150M term loan and existing credit facilities.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:14 pm

AMD

AMD is set to release its new AI GPU series, the Instinct Mi300, with industry sources expecting shipments to reach 300,000-400,000 units in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:13 pm

CLF

GSM

IDCC

MARA

PLUG

SMCI

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' advised against investing in Plug Power Inc. (PLUG) due to consistent quarterly misses. He recommended Cleveland-Cliffs Inc. (CLF) for its strong management and suggested caution with Marathon Digital Holdings, Inc. (MARA), preferring direct Bitcoin investment. Cramer praised Super Micro Computer, Inc. (SMCI) as a derivative of NVIDIA Corporation (NVDA) and highlighted InterDigital, Inc. (IDCC) as undervalued. He was hesitant about MP Materials Corp. (MP) and advised waiting for a pullback on Ferroglobe PLC (GSM), which has risen 35% over the past month.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:12 pm

KTRA

Kintara Therapeutics, Inc. (NASDAQ:KTRA) has been granted an extension by Nasdaq to regain compliance with the stockholders' equity continued listing requirement. The company must meet certain milestones by March 18, 2024, to avoid potential delisting. Failure to comply by the end of the quarter on March 31, 2024, may result in delisting, although the company can appeal to a Nasdaq Hearings Panel.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:06 pm

IPG

OMC

SBGI

Wall Street's most accurate analysts recommend holding three tech and telecom stocks with over 3% dividend yields: Sinclair, Inc. (SBGI), The Interpublic Group of Companies, Inc. (IPG), and Omnicom Group Inc. (OMC). These stocks are considered attractive during market uncertainty due to their high dividend payouts. Recent analyst actions include rating changes and price target adjustments, with Sinclair and Interpublic experiencing price target cuts and mixed financial results, while Omnicom had positive earnings.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:06 pm

HIBB

WDAY

WEN

Insiders at Workday, Wendy's, Verizon Communications, and Hibbett have recently sold shares of their companies. Workday's Chief Legal Officer sold shares after a strong Q3 report. Wendy's Director sold shares post Q3 sales growth report. Verizon's EVP sold shares as the company launches a streaming bundle with Netflix and Warner Bros. Discovery Max. Hibbett's SVP of Marketing and Digital sold shares following a strong quarterly sales report. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:05 pm

ALT

EYPT

OCUL

OMER

TERN

Five health care stocks with high RSI values, indicating potential overbought conditions, have seen significant price movements. EyePoint Pharmaceuticals (EYPT) surged after Phase 2 trial results, Altimmune (ALT) gained on obesity trial results, Omeros Corporation (OMER) rose despite a wider Q3 loss, Terns Pharmaceuticals (TERN) increased after a narrower quarterly loss, and Ocular Therapeutix (OCUL) advanced on a narrower-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:05 pm

DIS

Ancora Holdings Group LLC, a shareholder of The Walt Disney Company (DIS), has issued a letter to fellow shareholders advocating for the addition of an investor representative to Disney's Board. Ancora criticizes Disney's recent performance and governance, highlighting the company's underperformance compared to the S&P 500 Media & Entertainment Index and its polarizing brand actions. They suggest that Trian Fund Management and Nelson Peltz could provide valuable oversight during Disney's transformation. Ancora also discredits Blackwells Capital LLC's recent attack on Peltz, contrasting it with Peltz's successful history in shareholder activism.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:04 pm

GTLB

GitLab Inc. (GTLB) shares surged over 16% in pre-market trading following the release of Q3 earnings that surpassed expectations and a strong FY24 forecast. The company reported earnings of $0.09 per share against expected losses of $0.01 per share, with sales of $149.70 million beating estimates of $141.49 million. GitLab anticipates FY24 earnings of $0.12 to $0.13 per share, compared to expected losses of $0.06 per share, and revenue projections of $573 million to $574 million, above the $558.14 million estimate.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:04 pm